GERALD CELENTE BLOG: JP Morgan in Bribery Probe for China Hiring Practices

Monday, August 19, 2013

JP Morgan in Bribery Probe for China Hiring Practices

JP Morgan is under scrutiny by the US Securities and Exchange Commission, because of questionable hiring practices in China.

Due to China's business and political environments, companies with the right personal connections, or "guanxi" can sometimes gain a competitive advantage. But the SEC is investigating to see whether JP Morgan has gone too far, and violated bribery laws by hiring the children of state-owned company executives, in order to win contracts.

Watch Mike Chen as he discusses the practice of hiring the children of officials or executives in China, and when this may be a problem.

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"You know the future is coming … attack it before it attacks you."

Gerald Celente, a pioneer trend strategist, founded the Trends Research Institute in 1980. He is the author of the national bestseller Trends 2000 and Trend Tracking: Far Better than Megatrends (Warner Books), and publisher of the internationally distributed quarterly Trends Journal.

For more than three decades, Celente has built his reputation as a fearless teller of the truth, an accurate forecaster and an analyst whose expertise crosses many arenas, from economics to politics, from health to science, and more. Most important, Celente is a pure political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente—whose motto is "think for yourself"—observes and analyzes the current events forming future trends, seeing them for what they are – not as what he'd like them to be.

As with a doctor who gives his diagnosis after gathering the facts, whether or not you like the prognosis doesn’t alter the outcome, it’s simply what is. And while Celente holds a US passport, he considers himself a citizen of the world.

At the heart of Celente's work - and his remarkable durability as an innovative, accurate forecaster - is his unique perspectives on current events forming future trends. He developed the Globalnomic® methodology to identify, track, forecast and manage trends.To this day, this methodology stands by itself for its accuracy, vision and penetrating insights into the trends taking shape across the globe.

Covering scores of diversified trends fields, Gerald Celente and the Trends Research Institute provide trend research studies and consulting services to individuals, professional organizations, businesses and governments worldwide. Celente also designed the nation’s first professional course in trend forecasting.

Prior to founding the Institute, Celente was a Government Affairs Specialist and an Executive Assistant to the Secretary of the New York State Senate. He earned an Honorary Doctorate Degree in Law from the National University of Health Sciences and a Masters in Public Administration from West Virginia University.

In the final analysis, it's about the quality, frequency and accuracy of the forecasts Celente has made. He earned his reputation as "The most trusted name in trends" by accurately forecasting hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends