Economy and Business Info

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Economic growth strengthened late last year by 3.2 percent as consumers spent more and firms sold their products in larger quantities to extranjero.El growth is fueling hopes for a strong 2011. The Commerce Department reported today that growth rose at an annual rate of 3.2 percent in October-December quarter.

That is an improvement of 2.6 percent growth the previous quarter and was the best quarterly result since the beginning of last year. The economy grew 2.9 percent in the year, the most since 2005.

It was an improvement from 2009 when the economy suffered its worst fall in 60 years due to damage of the recession. The Commerce Department reported today that growth rose at an annual rate of 3.2 percent in October-December quarter. That is an improvement of 2.6 percent growth the previous quarter. In addition, it was the best quarterly result since the beginning of last year.

Start an Internet business, as if any other business is not easy. Every enterprise has to face this initial period of absolute devotion and dedication during which usually does not generate immediate returns.

It is at this stage that the vast majority of Internet businesses fail. The initial excitement is lost between fatigue and lack of remuneration. This, coupled with the unexpected and our mistakes, we will certainly commit, can easily cause us to stop pursuing a great idea that we should sometime.

You might be a very capable and has an excellent idea, but that is not enough to succeed on the Internet. You also will have to possess an additional quality that will ensure success: perseverance.

The vast majority of Internet businesses that are successful today are not so much for your great ideas or quality of their products.

Central Securities Depository, Inc. (DCV) of Chile and the Depository Trust and Clearing (DTCC, for its acronym in English) U.S. today announced they have signed an agreement that recognizes and strengthens their relationship and will provide the foundation for future collaboration.

“We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and customer support”

The objective of this collaborative venture, which will leverage technology and expertise of both organizations is to expand offerings and capabilities of DCV and DTCC. This will allow both organizations to leverage local market knowledge and develop broader offerings in Chile and throughout Latin America, at the same time reducing risks and lowering costs.

“Chile has one of the strongest economies in Latin America and represents a strong financial market and growth in the Americas,” said William B. Amity, president and chief operating officer of DTCC. “We are delighted to have this opportunity to bring a new level the relationship with the central securities depository of Chile, and to working with our Chilean colleagues in addressing the needs of their markets and support their customers.”

“We believe that this working relationship will give DCV some strategic advantages in fulfilling our mission to make the Chilean capital markets more efficient and attractive to capital market growth,” said Fernando Yates, Director General of DCV. “We expect to benefit from the experience, technology, scale and global reach of DTCC to assist in the growth of services for capital markets in Latin America.”

Previous discussions identified some possible areas of collaboration related to operational risk and business continuity. For example, CSD currently has data centers in different parts of Santiago, the capital and largest city in Chile. However, communications with backup sites located 500 kilometers from the city of Conception were destroyed and were deactivated during the earthquake of February 2010. DTCC DCV and believe there may be an opportunity to collaborate on issues of business community, leveraging of DTCC experience after 9 / 11 is the creation of redundant backup data centers.

The agreement announced today was developed after an invitation in December 2009 by the CSD to DTCC to make a capital investment of 10% and unify DCV Directory. By making this investment and join the Board of DCV, DTCC has demonstrated its commitment to the region and their high expectations for future cooperative efforts with DCV