minimax 2011 #2
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Minimax 2011 #2 TinyTRANSCRIPT
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The student association at the stockholm school of economics -‐ sept 2011MINIMAX
After the wait - the arrival of småttingar.
Stepping out of the classroom and into business.At the LAB
Tiny
WHY WATCH LONG FILMS
WHEN YOU’RE SHORT OF TIME?
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LEGALLY RESPONSIBLE PUBLISHER Louise Berndtson
EDITOR-IN-CHIEF Responsible this issue
Malin Werin [email protected]
EDITOR-IN-CHIEF
Anna Rosén [email protected]
NEWS directorNora Hansson-‐Bittár
LAYOUT
Proof readingJesper Bernhardsson
Web MasterAmanda Vestberg
TREASURER Johan Collin
VISITING ADRESS Saltmätargatan 13-‐17
PHONE NUMBER 08-‐506 929 24
ADRESS MINIMAX / HHSS
BOX 6501 113 83 STOCKHOLM
ON THE COVER
Broad bean
PRINTING HOUSE Elanders Fälth & Hässler
Websitemiminax.hhss.se
MINIMAX SASSE magazine. MINIMAX is religiously and politically independent. Opinions uttered in MINIMAX do not necessarily represent the opinions of the editorial staff or the Student Association. The magazine is printed in approximately 2000 copies and is published
MINIMAX is liberated from VAT and sorted under the Media Committee in SASSE. The editorial staff may edit and reject con-‐tributed material. MINIMAX is not responsible for any material sent to the magazine.
Are you interested in writing for us? Contact [email protected] or [email protected]
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SASSE main partners
SASSE Legal adviser
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opening.A WorD from the editors
The summer has once again come to an end and it is with anticipation and fresh air in our lungs that we are now facing the fall. A fall with more question marks than usual as the world economy has come to some tip-‐
a time of change. Although it may be a different sort of change than the one Obama spoke of when he won the U.S presidential elections. When so many
really?
-‐
small things in life that make the big ones worth going through. For what would
1800. What would the early mornings be without the mandatory coffee-‐rush dur-‐
Friday beer is the highlight of life here and now.
will always play an important role in the life that is here and now. By being tiny you are big.
Malin WerinEditor-in-Chief
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contentopening.........................2content..........................3contributors.................4
words from the president...6words from the principal....8news from SASSE...........10
education.......................12introduction weeks...............14
business lab......................19
ask dr. kull......................25micro credit.................27
30............theme: tiny31..............tiny tweets32........being productive33..................postcards34...................with love35.......alumnus of the month36..................barcelona38..............from tiny to tall41....business without boring
40..........from the archives41..................calendar
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contributors
in this issueViktor Söderberg Emma Forsman Pär Holmbäck NIck Larsson Alexander Seilittz Erik Östgren
Adam Åbonde Antonia ansgariusson Erik arvidson johan ström kristian kullPhoto
Jacob Westerberg Jenny Ahlen So!a HellsteN Malin werin sophia peacockEditors
Malin werin anna Rosén Nora Hansson BittárLayout
Sara Ekwall So!a Hellsten
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words from
the
president.M
AX S
IHVO
NEN, P
RESID
ENT 11/
12
First of all, I want to start by once again welcoming all new students to SSE and SASSE. Hopefully you enjoyed the introduction days as much as I did and are now looking forward to a great year ahead. While you hopefully used the summer to recharge your batteries and prepare for an exciting fall, the SASSE Board tried to make the most of the empty corridors and
-‐
order to keep it that way we hope for the help of all SSE students.
-‐cess. What we mainly noticed is the need to communicate better with students about what is happening in the Student Association: What does the Board do?
take part?
create an “Ask the Board”-‐feature on the web-‐portal, where students can post their
to answer them to the best of our capabilities. Secondly, the portal also features two
is happening around the SA.
regularly in the future!
Another exciting change that will take place later this fall is the upcoming integra-‐tion of SSE Retail Norrtälje into SASSE. All the ground work has been done and there is only some minor tweaking left to attend to. Before Christmas we hope to be able to welcome around 180 new members into our Association. Extended information about how this will influence the SA will be presented after the Student Council
With hopes of a wonderful and exciting fall!
Sincerely,
President 11/12
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words from the principal.LARS BERGMAN ON THE IMPORTANCE OF MACROECONOMICS
Ilisted on the Stockholm Stock Exchange. I think Mr. Nyrén´s comment supports one
interest and currency exchange rates.
-‐entated economy such as Sweden. Thus, not surprisingly, economics has always
at business schools in the US and other large economies. In line with the SSE tradi-‐
courses are supported by in-‐house research, with the seminal contribution to the theory of international trade by Eli Heckscher and Bertil Ohlin as an early example of successful research at SSE.
predictions. While the more or less complicated models that the students struggle
model, if any, is best suited to explain a certain real world situation. As a result
and the future but also about the past. An excellent example of this would be the
after the depression in the 1930s.
and predict? My own possibly biased opinion is that the concepts and theories of economics are extremely useful for structuring and interpreting macroeconomic
Lars Bergman
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News from the
student
association It has become a tradition of the Sports Committee to participate in the yearly ESADE arranged tour-‐
-‐
spring. Hot weather, nice beaches, good partying and so on. We enjoyed all of this to the maximum.
trips to Barcelona so special and remembered. For me it is actually the feeling of belonging to a team.
that is usual among fellow students that, like me,
not the hard pre-‐season training that we miss, but
great things together. To feel the team spirit that you can feel in a sports team is something that is hard to reach in other ways. The trips to Barce-‐lona bring out the team spirit. For the readers that
-‐-‐
will feel the power of team spirit then.
1st placeSASSE came home as the overall Champions of
the Eurosade tournament in Barcelona. Out of the
pressure is on for Koblenz this fall!
-
AFK. With the hours of gaming taking place at
avatar…
Look at the pictures from Barcelona on
pages 32-33
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Handels-‐TV has a new, more much more professional
If you are interested in borrowing it to record your own
Media Committee.
-‐eos we showed during the introduction days? Of course you do! Now we are recruiting a new project group
M2 this spring. Seize the opportunity and apply, you
the spring semester:
75 company presentations2 career fairs2 trips to London1 self-‐produced Case Competition.
We made some history In this issue we were hoping to bring you photos from the legendary Summer Party in the Atrium, but we were too dis-‐tracted with celebrating the end of exams and the beginning of the summer that we forgot to take pictures. Nine hours of
Red or DeadSTRANGE TRADITIONS
-‐-‐
states that the tradition came about during a stormy night close to Christmas when the
members did not let the fact that the liquor was ice cold stop them from consuming it in large amounts. Since that night, the BC bar
*NB: in Handels-‐speak all events still talked about one year after they took place qualify as legends.
SU hosted the traditional Norwegian dinner party on syttende
-‐pearance of the toastmasters Anna Edding Heijde and Julius
National Day. Kempegrejt!
We’ve heard that…
participants in London Career Week. Minimax crew are currently polishing our CVs and practicing our puppy eyes to secure our spots. Are you up for a trip to London?
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EDUCATIONWhat’s really going on in school? Minimax brings you
the news about your program!
Regarding the integration of Center for
Retail into SASSE…
-‐Does anyone except for the SASSE Board and FUM know what is happening?
In anticipation of a new reign.-‐
date as principal terminates in June 2012. The SSE Board is therefore beginning to look for a replace-‐ment, and what changes this will bring about is yet to be seen. Will the chosen one be another faculty
-‐
how should we work in the year to come? Should
of a successor or should we continue as if all is as
-‐sponsibility for the future of SSE, acceding in a
of economic and business education.
A serious game of Trivial Pursuit On a night in May, the Media Committee room was
between the Education-‐ and Social Committee. After
about the original band name of Westlife was matched -‐
ing years of the Harry Potter books, the Education
dare to challenge the reigning champions?
-‐tions or input regarding our education? Please con-‐tact [email protected].
LAtest from fumStarting this year, Bachelor Students will no longer
-‐gram. Instead these students are referred to a quota system, where a certain number or students will be able to continue their studies after the Bachelor De-‐gree based on their study pace.
Congratulations!-‐
ners of the National Championship in Business and Economics: Sten Tärnbro, Henrik Nilsson and Robert Cedermark! After winning the local SSE tryout, the
-‐tition Sweden has to offer. I am happy to say that they walked out of there with their heads held high, with a ridiculously large trophy in their hands. Winning is a great honor for SSE and we can all be proud to say
economics!
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-‐
-‐
-‐ing to one of 3,91 in Language, Law and Statistics.
The most pronounced critique amongst the students has been against the way the change in regulation has come about and the fact that students with grades from the period of 2007-‐2010 will look worse in compari-‐son to new students. What can be said in response to this is that the new
them. Furthermore, an attempt to increase grade transparency and com-‐
-‐mates, and not people from other years.
-‐
-‐
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17
introductionweeks
18
on the other side.WORDS Adam Åbonde
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Our saga begins in mi-‐February when it was still well cold out-‐side and the Swedish winter was raging on at its best. Between
-‐
They started to shape an idea about how they wanted their introduction to be like, and soon it was time to expand the pair of them to a whole group of people, the Småt-‐ting committée. An ensemble of 17 com-‐mitted people with different functions and
was, together with Zorica Trkulja, to create -‐
sion of the Student Association: the Småt-‐
ing to keep up the good humour among the students, old ones as well as the new.
“We in the committee, I promise you, were almost certainly as nervous as you might have been that day.”
days in school this year is fuzzier than those -‐
that will stay in my mind probably for a long,
witnessed during this summer. At one hand
before the plunge, the weeks prior to the ar-‐
summer still gazing outside through the windows. Someone talks about the new café in the corner hopefully opening shortly and
the library, preparing for a new attempt at a tricky exam. Then in the middle of this dol-‐
hear something under the calm surface. It was the sound of preparation. Our feet
dragged, towed, stapled and packed. Spon-‐
-‐ules and plans being discussed again, and again, and again. Despite all the work need-‐
of us had wanted to be just that. As Småtting
school, from older students and of course also from a range of companies longing to get
-‐ed. It was in March that we occupied our-‐
the remainder of my spring semester kept a
studying for the exams, while trying to learn -‐
and struggling to collect all the material -‐
ing! It was jolly good luck that we were two
with my position within the Småttingcom-‐mittee was that my actual responsibilities were completed shortly after the June ex-‐
took the role of something like “factotum”, helping the others where needed and try-‐
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Billboard: Småttinglåt edition
Five fast for storpappa
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Nice energy in this one. The text is pretty simple and it is easy to embrace. -‐
Nice with a song in Swedish for once! According to the myth they really
lounge” in one of the classrooms during the whole introduction for people to relax and listen to the Småttinglåt, which of course was playing on repeat
as much in the sense of Småttinglåt. It goes up and down and gets a little to
pretty gloomy but according to the story they projected the lyrics on the big screen in the Aula and got all the new Småttingar to stand up and sing along.
to push this song further on the list.
Whitelines and beef bouillon.
Uppsamlingsheatet.
Småttingresan.
Småtting committée-‐Mathias dancing skills.
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Theme tiny
with their logo on. To be straightforward:
soon took for granted that generosity. But now, with the power of the pen, I just want to encourage you dear readers to pause for
something as simple as a pencil. Think about
whole chain, but just from company, to eager student who calls this company, to a decision
-‐
of students collecting them, sorting them and putting each one of them in a bag togeth-‐er with other sponsored products. Although the work leading there most of the time both is rather fun and worthwhile, there is a lot of work behind the fact that you now hold that pencil in your possession. Do not forget this.
The other side of SSE:s two-‐sidedness is the chaos and bustle bursting out the same
thing does not start until a quarter past -‐
about and among the new students. We in the committee, I promise you, were almost
that day. The laying of the red carpet was
SASSE Boardthen took to their positions,
Småtta and pointing them in the right direc-‐tion. This led to a fairly early morning for us in the committee in order to be able to get it
time to see if all our work would pay off, if -‐
tingarna feel welcome at SSE. While you took a seat in the Aula and waited for something to happen, we changed into our dancing out-‐
we were supposed to know by now. I must
It is almost impossible to foresee all differ-‐ent thinkable scenarios, and all we could do
many new impressions for you to digest that -‐
takes, unless something really out of order
-‐cludes a lot of things happening around you, I know. It is easy to be stunned by all the dif-‐
Student Association. Furthermore there are a lot of new people around you all the time
could occupy a great part of your brain ca-‐
learn a whole new way of studying and tak-‐ing care of information this period can get
for a moment during a late lecture. My tip to you is to take it easy. Sooner probably than later you will get a grip and understand how this game is played. How you should study, how to engage yourself in the Student As-‐
there is to know. It will turn out that it is not so hard after all.
“The feeling of expe-riencing the introduc-tion weeks again (but this time feeling that you have things some-what under control) is hard to beat.”-‐
ers in the computer rooms, I promise. It feels somewhat unreal to think about, but only a year ago I myself among 300 other students with me were in the exact same position as
-‐times, and it is a shame you cannot slow it
confusing was the strange numbering of the
and then climbed to the next one, then sud-‐-‐
other part of the house, if you did the same
my Småtting parents, desperately question-‐ing him what it meant if my schedule said
seemed like mountains impossible to climb. But that is just in the start, since nothing re-‐ally is especially hard when you know how to do it.
As part of the Småtting committée there was both pros and cons with the introduc-‐
a touch of your ideas, a chance to pass on to the new students something from your bank of experience. Con: early mornings and late
get to meet a lot of new people. Correspond-‐ing con: Something I had not really thought
a parent you focus on a smaller group of stu-‐dents instead of the whole population, you then socialize with this group for more or less two weeks. The result: you hopefully re-‐ally get to know them. This is much harder as a member of the committee since you then
-‐
take the time to hang out with a single group -‐
ample Vattendagen, where you act more like
-‐ties. The introduction day starting with an adrenaline-‐stuffed stage performance, fol-‐lowed by grateful smiles when you hand out lunch packages in the great hall. Later in the
and check the spirit in different Småtting groups. Followed a few days later by Rebus-‐jakten, where we were dressed as pirates and boarded different lorries. In summary,
-‐-‐
own way. Finally, the feeling of experienc-‐
at ease knowing how to orientate yourself in SSE:s and SASSE:s premises, you know a
know where to look for the answer if there is something you do not know.
One of the main reasons why I chose to ap-‐ply for the Småtting committée 2011 was my own experience during the introduction a year ago. Those two weeks opened my eyes
welcome and a part of SASSE was something I wanted to help mediate to the new bach-‐
in some of you to make your own contribu-‐
-‐
something special you would like to try, be a part of or start up. Many things are possible
-‐
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Business lab
Did you know that there is a Business Lab at the Stockholm School of Eco-nomics? A lab where you can try out your business ideas and make them happen? Now you do. At Saltmätargatan 19A the lab accomodates approxi-mately seven companies and lets them try their wings in order to realize their dreams. Minimax decided to dig deeper into this entrepreneurial gold mine and get some inspiration and gain insight into the companies in progress.
WORDS Photo Malin Werin
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Fraktus-‐
tion sector and those in need of their services. Minimax met
-‐
between the two.
Business Lab informed us about the lab. There were two things
if your business will hold together or not. Secondly, because of
-‐
like the “wild wild west” without a clue what you are doing.
business plan I told her that we had a 50% chance of succeeding
-‐tion. Haha, no but a spider in the web.
Scenter
us more about running the business.
weekends sometimes. Tough as a self-‐employed you may stay in bed some mornings if you like.
with whom you can discuss ideas.
“Dare to ask for advice and use your connections”
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Founders:Anders NorellMattias Nordlöf
Founders:Jenny tengvallTehri Suhonen
What: A business incubator and wholly
Vision:
the world. We create professional entrepre-‐neurs, sustainable companies and employ-‐ment at a low cost.”
Partners: -‐
Operations: Hosts and supports
times a year.
Offers: Free business incubator, edu-‐
capital, alumni Etc.
other entrepreneurs.
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order to lower the credit costs of Swedish individuals. After an
-‐
-‐ The story behind our concept is that we read an article about
matter since it is incredibly fun.
as possible. Then you can adapt your product to those who are actually going to use it.
“We are two founders working more than full-time but it doesn’t matter since it is in-credibly fun.”
for one or two years before it was introduced to the Swed-‐
idea. We had to work together with the insurance companies to come up with a completely new sort of insurance. It was a chal-‐lenge to both get them to take interest in our idea and then to form an insurance that would be good enough. There are a lot of
-‐ I think without a doubt the most fun has come now after the site -‐
than 41 meters from each other. That was fantastic, feeling that our idea really worked.
If you were to describe FlexiDrive with three words, which
perhaps? Haha.
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Founders:Magnus EngervallAhmed Al RahmA
Founders:KristoffeR LindqvistRasmus Adler Wahlberg
Requirements: -‐ At least one person in the team shall be student or alumnus at SSE.
-‐ Performing sales within 3 months from admission-‐ Sustainable idea that meets SSE Business Labs ethical guidelines
CEO: Mikael Samuelsson
Performance: -‐ 54 companies 2003-‐2009
-‐ 570+ jobs created
listed companies
Projects: SSE Business Lab also
at SSE encouraging entrepreneurship among the students. In addition to that, SSE Business Lab arranges an annual business
Homepage: www.ssebusinesslab.se
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Sustainergies-‐
-‐ In our case ”the concept” is more important than ”the business”
companies we work with. We do our best to create meaningful context around questions of sustainability and business respon-‐
more sustainable future.
operations. The breakthrough, of course, came between the lasa-‐gne and the dessert at a dinner, and after that things went fast.
Sustainergies Cup 2010, a national case-‐competition that put us on the map among students and businesses. Since then a steady
been running this for two years our strategic focus lies on build-‐
us all the way through with their meeting facilities, their reputa-‐tion, all the inspiring people and of course with their coffee.
-‐
resources are always limited and the balancing act between in-‐spiring work and too much work is hard to handle.
-‐ All of the good examples and encounters with inspiring peo-‐
interest and commitment there is to seize among the young and in the business sector. There are a lot of enthusiasts, but now we are really seeing how our issues are taken seriously on a strategic
idea!
-‐
material values. Minimax set out to learn more about the two
experiences and exciting stuff that we would like to share. Then
-‐-‐
all part of a big herd. In this herd there are always some who the rest listen to, call them alpha males or females, or just cool
this: Mackan wakes up at 4 am and goes jogging. Then he sends
him to calm down and tell me about his thousand ideas, I shoot down 999.5 of them but that half idea which is left is wicked. And then we go for that one.
going for it.-‐-‐
periences.
well.
“You need more than a good business plan;; you have to be able to reach out as well.”
“They’ve supported us all the way through with their meet-ing facilities, their reputation, all the inspiring people and of course with their coffee.”
Founders:Daniel GlAsmaNMarkus FLower
Founders:Simon SlatoMarkus Danell
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Virtusize
Internet.
working full-‐time with this.
-‐
Founders:Peder StubertErik EkstrandGustaf Tunhammar
Founders & Co workers:Michael KarlströmRasmus FahlanderFredrik Stockman Susan SarabiaPascal Chatterjee
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-‐
-‐
-‐ It all started a summer ago when Rasmus and I discussed a cou-‐
for your laptop in the sun. So we made a prototype out of card-‐
them for half a year until we found this one which matched our criteria. Soon thereafter we had the fortune of meeting Fredrik,
-‐pen.
they really want to do.
It also had to be a domain that is free and that is incredibly hard
see if the domain was taken or not.
-‐ Do it with someone you trust, you can work well together with,
“...the vibe here is fantastic and every-one does what they really want to do”
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After the exams in June, many SSE students put on their best corporate wear and -‐
Nick Larsson, a third-‐year Bachelor student at SSE, who instead packed his surf board and headed off to southern Europe for his summer internship.
WORDS Nick LarssonPhoto
When I searched for a summer job, I browsed through countless job post-‐
Board, but none of them really caught my at-‐
read the golden words:
”Would you like to have the “work-‐ing holiday” of a surfer and learn all tricks and success factors of starting your own company?”
The company behind the job posting, United
surf camps in Spain, Portugal and France to
-‐bond surfer. It sounded too good to be true,
I applied by sending them a short e-‐mail with
with the two Swedish founders, Robert Sa-‐
surprisingly well and it was a practical solu-‐
the other in Shanghai. The easy-‐going tone of -‐
ing to some new friends, and I knew that I had found a company where I would feel at home.
After a meeting with the founders to dis-‐cuss the setup for the summer, I was ready
-‐dalucia. Next up were three stops along the
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Dr Kull makes a comeback after some need-‐
know-‐it-‐all does not back away from the po-‐litically incorrect. Readers be warned and
not only a pinch of salt but the whole salt-‐cellar.
The new notes that Swedish Riksbanken presented a few months ago is an interesting
-‐
in extraordinarily distinguished circles I am sure that “Zlatan” does not belong on any
-‐derground animal from the Siberian tundra.
There is only one economist depicted on the
will showcase cultural icons of the last cen-‐tury. This is an immense setback in both a historic and political manner. We only show people from the last 100 hundred years as if we were cultureless, crass Americans. Add-‐ing to that, they are all left-‐leaning cultural
The economist in question, Dag Ham-‐
bill. Unfortunately he was educated at Upp-‐
Hence, he does not count!
Do you have any questions for Dr. Kull? Send them to [email protected] and you will be en-‐lightened!
“Ask Dr. Kull” returns!
Then I headed back to Spain, this time to Santander on the north coast, before the trip
of France.
offer. Some of the locations had a high pulse and a great nightlife, while others were a bit
But all of the places had one thing in com-‐mon: friendly people sharing a laid-‐back at-‐titude about life. Not surprisingly, this aspect
clips-‐ Surfed for about 30 hours
a better photographer and not least a better surfer.
www.unitedsurfcamps.wordpress.com //
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“With great power comes great responsi-bility”Hannes Palm, Max Sihvonen and probably every KO the his-tory of SASSE. Or since Peter
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Microcredit Making money off the poor?
WORDS
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Peace Prize in Oslo 2006, it did not only mark the personal success of the Econom-‐ics Professor from Bangladesh, but also a
which has shown tremendous growth since the turn of the century. Albeit the fact that microcredit
-‐
own words and United Nations declared
More and more people were joining the
Micro!nance in numbers $35 billion
154 million 1.5 billion
-‐ 250
$13 billion -‐
: 109 $265 billion
Sources: CGAP, IAMFI, MicroCredit Summit
30
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-‐-‐
be abolished by 2025.
According to the World Bank, an estimated
-‐
often charge usurious interest rates and
caprices.
who usually would not be reached by the
or expand businesses in places most banks shun.
-‐eral against its micro-‐loans. Instead, each
-‐ber. Repayment responsibility solely rests
problems with their repayment plan.
The Indian MFI industry has grown annually at more than 80 per cent in the last three years, according to analysts,
leading to the creation of more than 3,000 MFI players, of
which over 400 are active lend-ers.
Source: Financial Times
In the last decade there has been a dramat-‐
but today there are also commercial micro-‐
the largest MFI in India, which went public
founder and Chair, Vikram Akula, argues
-‐er than the funds from charity donations
Further, Akula holds that the pro-‐cess of granting loans to the poort should
by fast food restaurants such as McDon-‐alds. At SKS, pre-‐loan training is only 4
much more time of its borrowers. 2009-‐
we try to pursue,” Mr Akula told a forum in
-‐
-‐
of microcredit should be solely social, and -‐
ers are little different to the loan sharks
make obsolete.
for focusing on “on growth of the institu-‐tion rather than transformation of the client”.
MFIs, it is clear that in order to attract external funding in the future, the Micro-‐
become more problematic than it sounds.
microborrowers, kept up their repayment
its own maladies.
of repayment problems, but they were -‐
caused by the global turmoil.During the last couple of years, greater
With the large increase in MFIs, the com-‐
-‐ment”, released by Economist Intelligence Unit in 2010, meant that credit discipline dropped. Not only did it mean that bor-‐rowers were charged lower interest rates but also that they were allowed to borrow more money than before. Credit was too easy to access. Since there is no information sharing between the MFIs it was possible for indi-‐
banks at the same time and the necessary credit checks were not being run, so the risk for defaults increased.
Therefore, many experts fear that India
prime mortgage crisis, but this time the
On a side note -‐
ing high interest rates. The average interest rate in 2006 was 28 per cent according to CGAP.
The transaction costs of microcredits are high compared to the sums being lent out. Since no collateral is needed credit checks cannot be automated and therefore costs more to carry out. . Also, it takes a lot less staff time to make a single loan of $100,000 than 1,000 loans of $100 each. So in order to cover its costs and operate sustain-‐ably, it is necessary for MFIs to charge high percentage
rates.
higher than necessary as well.
31
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While all busi-‐
which seek a second bottom line look to measure their performance in terms
issuercommon stock or shares to the public
lending methodologies at a time when it was tiny – nobody had to worry about
Centre for Financial Inclusion. in an inter-‐
with no brakes.”
The situation described in India leads to
are higher than those of regular banks.
-‐zenship. This is called the double bottom line. Or as Deutsche Bank calls it: “Uniting
When going public, a MFI risk
doing default it also means that the risk of
-‐
Andhra Pradesh -‐a warning exampleThe problems facing the MFIs cumulated in October 2010 as the region of Andhra Pradesh in India introduced legislation halting debt collections and ordering radi-‐cal changes in MFI operating methods. All
on harassment by debt collectors and high interest rates. Another trigger was the
biggest commercial banks. The legislation in Andhra Pradesh has crippled the whole micro-‐
accounts for about 30% of the Indian
to MFIs and no new funds are coming in.
-‐tary 24 per cent interest rate cap on its microloans in the region. The measures taken by the Indian region
agree that it is the right way to go about
wide legislation and also asked Andhra Pradesh to withdraw their legislation. The proposals of the RBI include a cap on
the borrowers the right to decide whether they want to make weekly, fortnightly or monthly repayments. Interest rates on mi-‐croloans should also be capped at 10 per
-‐
the cost of funds for smaller counterparts.
The measures are designed in order to hinder nonperforming loans, shortages of liquidity and funding, and to protect microcredit clients. Other suggestions aired in the debate include online credit bureaus where MFIs can share information between them, minimizing the risk of bad
If regulation is unsuccessful the future of
burst and hurt the growth of poor rural areas. //
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Patrik tran, age 17 -the youngest student at SSE
THEME:
Tiny things with mind-blowing impactsThe website Cracked.com has listed tiny things
effect, but did you know that...
...termites are warming the planetIt is claimed that there are 250 trillion termites in the world-‐ outnumbering us humans 40.000-‐to-‐one. These tiny creatures actually cause a great, quite un-‐
eating buildings. Experts actually consider termites as the 2nd largest source of natural methane in the world – these 250 trillion tiny creatures are in fact a great factor causing global warming. Quite the team-‐work!
...aircraft contrails are cooling the planet
-‐able impact on the temperature of the Earth. The tiny particles of ice and water block the sun and cool down
9/11, when airports across the world closed down. The lack of contrails caused by aeroplanes led to the
Celsius!
...jelly!sh change the currents of the ocean
to the bodies of swimming creatues, which leads to
tinylittlethings.tumblr.com
- posts inspirational pictures of
tiny little things
Tired?- try a 20min nap. That’s all the
brain needs to recover and you
will be more focused during the
next lecture.
TINY TIPS
Tiny
How come you have begun studying at SSE so
I skipped a grade during middle school and took
that I wanted to study at the school. Since high
this fall!
That has to be walking through the applaud cor-‐ridor on the introduction day!
Hm... My SIM-‐card, haha!
-‐
-‐
They are usually better than us, but not this time!
-‐
Well, we only play with one club, but this weekend I used 35 different balls playing 36 holes. The tem-‐perature of the balls is essential, and therefore I carry them in a little bag inside my pants.
Adopt a slightly more than shoulder-‐wide stance, keep your eyes on the ball as you swing and hit it,
A weekend for small balls
Tiny
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8x9-(4+789)xab+57^2y
= k m + x 893/2x@ 31
Theme tiny
Tiny tweetsT
lyckis Håkan LyckeborgSå.
29 Aug
MrPresident Max Sihvonenrelaxing @sauna_saltis2 minutes ago
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being productive.-‐
-‐
him through his studies so far.
-‐
and less stressed.
-‐
of dedicated followers. According to Allen, our brains are poorly suited for juggling the tons of stuff we need to do and constantly reminds us about them at the wrong time, resulting in a lack of focus and increase
to do the dishes once you get home, right? Allen suggests we should create an external system of organizing
your tasks after context.
do things in batches -‐ the “two birds with one stone” element of
-‐
do right away and let your brain relax knowing that the system
Until some form of half-‐human half-‐robot extraterrestrial spe-‐
most importantly there is also an abundance of digital tools for
be on top of your game. Being up to date on the best tools is an
I also want to stress the importance of sync in your digital tools, I
-‐tacts were lost thanks to online sync with dropbox and google
If you know what you want to accomplish it is much easier to
Write down what is important to you in your life. Perhaps it is
-‐
to perform the next step towards getting what you want.
Habit is the difference between success and failure. No Olympic
The crazy thing about habit is that so few consciously use it to
you can become aware and take control of this powerful tool and
Try writing down your regular routines and analyze them to see
routines.
1.
3.4.
2.
WORDS
35
POScards from far away
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With Love,WORDS Emma Forsman
Summer loving - why tiny romances are not bad romances
the sunshine, a kiss at the summer barbeque, a midnight dip in the ocean or a sweaty night
else, but that is essentially what we mean. And who can you trust in this matter if not us,
romance into something long-‐lasting we are afraid that we will disappoint you. Instead we
dark hours down in the pub. //
-‐
-‐
Theme tiny
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-‐
phenomena of using the Internet as a way to raise capital. In year 2000, EPO.com was sold to a British competitor and I realized that the hectic lifestyle had taken a toll on my physical health. I decided to get back in shape and change the way I was eating and exercising. I summarised my experiences in a book that was published in 2004.
one of 15 other books – and a few different companies– in the food-‐ and weight loss section.
with my colleagues. I spend a lot of time talking to journalists, particu-‐larly when there is a new book being released.
Also, interacting with readers and customers is really fun -‐ and challeng-‐ing.
could be my famous last words – tomorrow hell will probably break
I was chairman of Handelsdagarna. Also, a friend and I re-‐launched
What advice would you give to an SSE student who can’t decide on a
More important is to do something you are interested in -‐ then work becomes much more fun, and you more successful.
*Initial Public Offerings – when a company offers shares to the public for
alumnus of the month.WORDS Malin WerinPhoto
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39
PHOTO by Jacob Westerberg, who is currently exhibiting a bunch of photos @ Caffé Nero at Roslagsga-‐tan. Be sure to go there before the last of September to get a glimpse
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It was a sunny day in August. It was Swedish late summer at its best with a temperature of about 21 degrees and Observatorielunden lay majestically green. I cannot recall wheth-er the birds were singing, but probably not. They seldom do in downtown Stockholm.
from tiny to tallTheme tiny
What I do remember, on the other hand, was the pride and joy with which I entered the Stronghold
of Mercury through the giant oak doorway. Four days earlier, I had been on my way to a medium-‐sized West-‐Swedish city in order
of the Stockholm School of Economics since destiny had turned its back to me. Although my Upper Secondary School Diploma in-‐
been unfair to me and only rendered a hope-‐
a life in ignorance and despair, I had regret-‐fully and painfully accepted my place in life
set to take me further westwards. Shortly
the phone rang and all of a sudden the sky turned sapphire blue: Destiny had changed
hopeless. Instead of westbound, the journey went to the Royal Capital. The rest, as they say, is history.
-‐holm School of Economics. Not literally perhaps – some detours into business and
as I type these lines, less than a month to be
word, cheesy and pretentious as it may
with all those slightly odd student organisa-‐tion clubs and societies, eccentric profes-‐sors and peculiar school traditions. It con-‐tinued with a rampant “Rebus Hunt” and an equally crazy “Småtting Trip”, all but only to be followed by the somewhat schizophrenic Hwett & Etiquette banquet where fourth
on the tables to celebrate the entry of the dessert.
on Microeconomics and resource alloca-‐tion, came in October and the introduction
of splendour and enchantment from which I
did not end there though – on the contrary! – and I especially remember the Nobel Night Cap of 2006, trips with Der Verein to Berlin and Vienna and all those red wine tastings
“During my very knew I would be here for four years: an almost over-whelming amount of time.“
-‐whelming amount of time. It was longer than the time spent in Upper Secondary School and it felt, to my happiness, as if I would en-‐
of my life. How wrong I was. An exchange to -‐
len in eastern Switzerland marked my de
the spring of 2009. I returned for one more term on the premises but, as for many of us, career considerations and other duties began to consume more and more time as graduation and the “real” life approached. Now, working full-‐time and commuting back
a slight longing feeling catches my mind as
missed to partake in the student life at SSE whilst studying – I surely did – but simply because of all the joy it brought me. In ad-‐
numerous “sittningar”, Winter Balls, “Han-‐delsdagarna” and Student Council meetings
-‐self – perhaps not in the shape of academic
weeks in London in my second year. I took part in two of those “Spring Weeks” ar-‐
learn some more about this semi-‐sacrosanct -‐
ner in a Canary Wharf crystal palace during one of those weeks I got the chance to sit next to the manager running the entire UK
-‐
us funny stories and we asked him all the ingenious questions one is supposed to ask
-‐dictable. At the end of the dinner though, I asked him what he, as a leading banker and
-‐tion and career-‐wise in order to become as
answer, contrary to the earlier part of the
In more formal terms: “Do not worry, things
Well, you should not panic as your studies at SSE take off, although all people will ap-‐
feeling as we start, but it is a chimera. Rather, make sure to look after your studies but do also take your time to be a part of the stu-‐dent organisation, meet new people and go to parties. I promise it will bring you not only friends and fun but also experiences and in-‐
-‐
WORDS Pär HolmbäckPhoto
41
Theme tiny
As I conclude the Handels chapter of my life in a few weeks it will be with great relief. Not
-‐
after all, be a member of the Student Council
-‐ally end: Handels will always be a part of my life and my identity.
-‐er than you think! //
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“Make peace – not love”Famous Israeli writer and Amos Oz, author of “How to Cure a Fanatic”, visited SSE for a panel discussion on tolerance and fanaticism with among others Birgitta Ohlsson (Minister respon-sible for Democratic Issues) on May 26th 2011. .
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business without boring 2.0
This year, I plan something similar, but instead of writing from my
Week. 19 amazing shows, and streetstyle-‐moments beyond what
and be business-‐without-‐boring. The truth is that fashion is not only a piece of clothing you decide to put on one morning, it is a craft of colour, shape, material, construction, matching and detail. Rec-‐ognizing this, you should realize that choices are actually endless.
-‐
it with your current wardrobe, and the details that it already has or you plan to add. Similarily, changing just one of these factors could
black suit, wearing some dainty socks in your high heels, like at CPH Vision, or adding a statement-‐necklace might do the trick.
During those days in Copenhagen I saw some fantastic texture and
Trends that kept reappearing on the SS12-‐runway was the semi-‐
-‐sen and Stine Ladefoged in some pretty hard-‐to-‐wear executions though it can of course easily be reinterpreted into something more
The point is – not blending in does not mean not being formal. In
-‐one with something different?
Antonia AnsgariussonPresident of the Fashion Society
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Words Alexander Seilitz
Short
Theme tiny
Photo
If your life is too busy and your
time for leisure seems too short,
yourself with one of the following
Subconscius Cruelty. A long
-‐nibalize on Jesus Christ, an uncanny relationship between a
craftsmanship from the, at the time 19-‐year-‐old, Canadian
started here. A real contribution to the then upcoming hor-‐ror subgenre torture porn. Surrounding us now more than
Le jetée
made my eyes weep. Enough said.
High Falls.
information about the couple. Unfaithful-‐
Tragic but in some ways hilarious.
Le sang des bêtes
steroids. The purpose of it all is to sell more meat quicker and cheaper. All in order to stand a chance against the big corporate businesses. Time to make a stand?
Las Hurdes
by people saying that a documentary shows the reality. For me
Las Hurdes will hopefully show you this.
High falls
Le jetée
Las Hurdes
Subconcious cruelty
Le sang de bêtes
Tiny Words
Haiku & oth
er small po
ems
an interna
tional, dail
y magazine
based onl
ine: tinyw
ords.com
45
Theme tiny
Tunes
CULTURE
Tiny bites
Photo
Little lion man Tiny alienLittle bit
Last weekendTiny dancer
Mumford and sonsKatie MeluaLykke LiThe TinyElton John here’s our best spots for indulging the tiny spanish dishes.
Sardin
perfect location just next to Vi-‐tabergsparken at Skånegatan 76. They manage the food with
Might hurt the student budget, dishes are between 29-‐139 kr. But the Chicken paté with pommegranate, pear and kardammom was well worth it. No booking but well worth the wait.
Olé OléThis is like stepping into a Bar-‐celona back-‐street bar with a robust woman frying up spicy sausages and making tortilla as you sip the house wine. Rustic and oh so good.
With a glass of wine at 39kr and tapas roundabout the same there is no reason not
Olé Olé is as spacious as a student studio, so be sure to book beforehand if you want to squeeze in with the Spanish regulars.
At home
of Verdejo, pick up some nice
piece or two of Spanish cheese. Finish of with:
1 kg shrimp
Throw this in a pan for a minute or so and then mix with
long summerthe smell of rain new again
Tiny Words
Haiku & oth
er small po
ems
an interna
tional, dail
y magazine
based onl
ine: tinyw
ords.com
By Andrew Kaufman
wom
en who shrink and an old lady who splits into minicopies of herself.
46
from the archives
47
13/9 Study social day the balcony 10..00
20/9 FUM meeting Sveavägen 65, 17..00
23/9 Multiculti PUB The rotunda
24/9 Business comittee
enoksro
26/9 Culture week out- and - .about
27/9 Culture week out- and - .about
28/9 Culture week out- and - .about
29/9 Culture week out- and - .about
30/9 Culture week out- and - .about
1/10 Hwetten&Etiquetten Saltis
7/10 Octoberfest the rotunda
10/10 Lecture: Anders Borg aula, 15.00
24/10 The rotunda,
26/10 Itu: LAN itu, 18 - .24
28/10 IFSEN The rotunda
29/10 Gasquen saltis
2/11 FUM meeting Sveavägen 65, 17.00
4/11 Halloween PUB The rotunda
10/11 The atrium
11/11 city hall, the rotunda
16/11 Homecoming sveavägen 65
18/11 Mårten Gås The rotunda
Calendar