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It took fastrak and a seriously upset stomach to push me to an appreciation of the fine points of globalization. as a hi-tech aficionado from the san francisco bay area, i know about the global reach of technology and multinationals' drive to envelop new markets. but the last place i expected to see the robot toll collectors was on the broad, landscaped highway to town from kuala lumpur international airport -- after all, we just got the contraptions a few months ago back home. a few days later, when local microbes made themselves comfortable in my digestive tract, i raced for a remedy at a familiar refuge that seemed to be on every corner: 7-11. after that, i passed on such specialties as nasi goreng and kari ayam for the safer mcdonald's -- although i can't remember the last time i ate at one back home. these were packed with locals, many of whom perceived eating and working at the western establishment a sign of status. but it is the poor who benefit most from globalization, according to goran lindahl, special advisor to the un secretary general for the global compact, speaking at a regional business conference in hong kong. they gain because jobs are created, and mobility and technology are improved. but just a peek beneath the surface of malaysia's shiny high rises and ambitious "multimedia supercorridor" reveals that not all the poor are better off. in the microchip plants of such companies as motorola, texas instruments, seagate and harris semiconductors, young women from poor rural areas of malaysia spend long hours staring through microscopes configuring miniature circuit boards. they do it until their vision begins to quiver and blur. these women -- about 90 percent of the workers in these factories are women -- were chosen because they exhibited a high tolerance for the task, employers say. but irene fernandez, founder of the 10-year-old tenaganita women's spirit ; , thinks women are hired because they are too docile to protest against the damaged vision that often results from the intense work. over the more than 20 years that fernandez and others have worked to establish unions in malaysia's electronics plants, they have heard complaints of health problems ranging from breathing difficulties and hair loss to miscarriages and stillbirths. fernandez suspects all are the product of exposure to chemicals or radiation, but without systematic monitoring, her organization -- and doctors -- are helpless to demonstrate any connections. another obstacle is that sick workers are paid a lump sum in exchange for a promise not to take legal action, she says -- typically , 000, a sizable sum for a worker paid 2 per month. such abuses have been well documented across asia, and there seems little chance of any change. yet at the business conference, some comments from a surprising source -- prime minister of thailand thaksin shinawatra -- offered some distant hope. he warned that asia's share "in the value chain of producing goods of the world" will face greater pressure to produce at ever-lower prices, "pitting our farmers and unskilled labor against each other in an unending and ruinous price war." he went on to say that the cycle of financial crisis and devaluation is actually brought about by the competition to sell human labor and skill at the lowest price. as the next leader of the world trade organization, shinawatra is in a position to act on his understandings. he has suggested that asian countries, including his own, reject dysfunctional patterns of dealing with multinationals. by referring to all of asia collectively, shinawatra is asking nations in the and betting rule poker. play three card pokerHeaded the new york branch of the schweizerbankverein -- zurich's financial colossus, the swiss bank corporation. that job was important to him, but he once told me that what he really wanted engraved on his tombstone was this sentence: "he gambled and won." frank henry and i started to talk about speculation while i was in high school. he would look at my report card and grumble that the curriculum was incomplete. 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"what is this?" i asked gloomily. "i invested prudently and get nowhere. you buy moose pasture and get rich. is there something i don't understand?" "you have to know how to do it, " he said. "well, okay. teach me." he stared at me silently, stumped. what he had in his head, it turned out, were rules of speculative play that he had absorbed over a lifetime. these rules are in the air -- are understood but seldom articulated -- in swiss banking and speculative circles. having lived in these circles since he got his first clerk-apprentice job at age seventeen, frank henry had or free download strip poker.play three card pokerTons of online free download strip poker games with high wagering limits and poker hand rule.Readers of charles handy's excellent book, the elephant and the flea, are aware that being a flea can be immensely satisfying, but there aren't very many of them who can sustain success! we also came away from our research with the view that a pure price-based strategy in most banking markets was not a durable one. in our view, competitors must inevitably follow, as have hbos' rivals in the uk. nonstandard mortgages offer interesting opportunities, but in the face of market saturation and rising non-performing loans, perhaps not exciting ones. and in the investment banking world, the wave of competitors attacking the leaders goldman and morgan stanley in the lucrative business of prime brokerage is evidence of the ability and willingness of a host of global banks to invest heavily to win a share of a growing market, whether prime brokerage, power trading, credit derivatives, or clos. one interesting dimension of this issue of size and diversity is cross selling. banks like citigroup and lloyds tsb make a virtue of their small market shares in national markets or specific products like mortgages or cards. we're in the midst of a major study of the evidence of cross-selling success and the outlook for the future, and the jury is still out on our conclusions. it is reasonably clear, however, that trumpeting one's cross sell potential is evidence more of management's ambitions and constraints than the proven ability to offer a unique service level or product array. countries. here's how banks come out: none of the world's 20 most respected companies is a bank. only citi, which ranks 22nd and would not necessarily be on everyone's list today, ranks among the top 50 none of the 10 highest ranking companies for shareholder value is a bank none of the 10 highest ranking firms for customer service is a bank none of the 10 highest ranking firms for innovation whether nominated by ceos or by fund managers ; is a bank none of the top 20 most respected business leaders is a banker, although josef ackermann, emilio botin and fred goodwin rank among the top 50 overleaf ; demonstrates how risk adjusted roes nominal roe less government bond yields ; have reached double digits for the leading uk, spanish, italian and dutch banks in 2004 an impressive performance to which the german banks can now aspire. the quality of bank management has improved markedly over the past decade, with sophisticated risk management systems and cost management technology transforming the typical bank p & l. most recently, banks in italy and germany have reflected the application of best practice management. shinsei in japan is another example of what can be done to improve performance in a traditional market. innovation in banking has increased immeasurably in recent years, in particular in the world of derivatives. entirely new asset classes, such as credit derivatives and clos, have been created to meet customer needs. while risks certainly exist in some of these instruments, and losses going back to procter & gamble in 1994 still resonate, most observers feel that, on balance, they add value as well as heft to the banks' bottom lines. 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