Kalistani Major History

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Kalistan Stock Exchange, AKA "Kalsie" launchesKALNAPECO and KALNAFERCO become first stocks listed and Ruble-Denominated
Kaliburg, Ananto
June 3, 4443


The Kalistan Stock Exchange opens on June 1, immediately lists KNP and KNF

One dream of Kalistani Nationalists came true this week as the Kalistan National Stock Exchange, (called the Kalsie in weeks leading up to the launch of the exchange) opened and listed KNP and KNF as their first two stocks.  Most importantly, both stocks were denominated for the first time in their history in Kalistani Rubles.

Finance Minister Julie Westin spoke proudly as she opened the Stock Exchange.  "Today, we will see our National Industries listed for the first time in Rubles.  It is a moment of immense pride for us.  It is only 3 years since we hit the depths of our economic panic.  We have slowly recovered, economy wide since then.  The National Industries were, in many ways insulated, but the private sector collapsed.  Well, now:  Look how far we've come, in three years.  KNP and KNF are denominated in Rubles!"

With that, Westin opened the stock exchange, with the ticker listed all National industries, as well as KMD, the high tech firm from Sulari, and several joint ventures.  Trading in the stocks was very light on the first day, but the day finished in positive territory, with the index of the Initial stocks up two-tenths of a percent.  Being denominated in Rubles is a benefit to Kalistani firms, because the transaction costs from currency exchanges are saved.  The Finance Minister noted that having a stock exchange in Kalistan means that the Government can order the suspension of trading to protect stock prices from foreign panics like the one which robbed Kalistan of years and years of economic prosperity.  If the index drops more than 15% during a single trading day, the Kalistani Government will immediately cease trading for three days, to allow the immediate panic to pass, and allow rational minds to prevail.

Most major firms in Kalistan, especially the Joint Ventures formed over the last three years, remain privately traded, but CEOs of several Kalistani companies have announced plans to list on the Kalsie.

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Noted Kalistani Economist Issues four point program for Economic DevelopmentJohn King's "System of Deep Understanding" promises to dramatically increase efficiency
Kaliburg, Ananto
November 17, 4442


Dr. John King vindicates theoretical Ethical Socialism and the Dual Economy

A former standard bearer of liberal economic theory in Kalistani Academics, Dr. John King of Kaliburg Polytechnic Institute, has changed his tune.  He has recently released a provocative and stunningly elegant defense of the Dual Economy and the theory of Ethical Socialism.

King said, in his Keynote lecture at this year's Annual Meeting of the Society of Kalistani Economists:

"For Kalistan, there really can be no other system than the Dual Economy.  A robust Private Sector, which manages consumer demands far better, as we see, than the Government can, and a solid public sector, to include a carefully controlled Ruble and shepherded investments, which supplies needs for the People are both intrinsic to the success of the state.  The recent crisis in Kalistan which is really only just beginning to abate, and will take years, if not decades, to completely recover from, was caused by political turbulence, combined with almost no control over market forces that are subject to radical consumer and investor irrationality, especially overseas where investors neither understand, nor particularly appreciate the Dual Economy, but are chiefly concerned with the amoral quest for profit maximization.  I admit my role in propping up the myth of complete market rationality and efficiency:  I can no longer ignore the very basic and very obvious fact, as ironclad as the law of gravity, that market forces create political crises such as deflation, speculative bubbles, and vast joblessness, and tying the hands of the political sphere to address those crises is the sole cause of disasters of monumental proportions."

King was invited to speak to the conference as the Keynote Speaker following the publication, earlier this year, of his work, which most are still digesting, and which has taken the economic theory world by storm.  The work, "Statistical Adjustment and the 4-Point Program for Efficient Development Under the Dual Economy" struck the academic world like a bolt of lightning, especially as King was the leading proponent of liberal economic theory in Kalistan over the last 50 years.  The paper, which was published in the peer-reviewed journal The Indralan Journal of Economics: Macroeconomics and International Development was a short 17 pages long, and outlined King's elegant and parsimonious argument that any developing country could escape the cycle of perpetual development through statistical adjustment in private and public sectors, and that the Government needs to lead the way with a combination of pro-business policies (lower corporate taxes, capital liberalization that allow foreign investment to flow easily in and out of the countries) and pro-labor policies (a reasonable Universal Basic Income, strong labor union policies, and National Service to bottleneck the supply of labor to the Market.)

"The best example of this we see is in Kalistan, where the Government maintains what the ruling socialists refer to as the Dual Economy.  That economic program allows the private sector to flourish, while ensuring that for-profit businesses are not responsible for provision of the basic necessities of human life.  When you separate out need from economic activity, then the market functions more correctly.  When you change the conditions under which labor and management negotiate with one another, to take away the power to starve from the business owners, you see labor and management come to an agreement that is mutually beneficial, and you give the worker a stake in the health and success of the company.  In other words, the old Metzist cannard that workers and management have nothing in common is shown to be facetious and instrumentalist on its face.  The goal is to give everyone an interest in seeing all do well, rather than pitting one class forever against another." - (King 4442, 543)

The meat of King's article came in his proposal of a four-point method for efficient planning in a Dual Economy, which he called the System of Deep Understanding", because they are based on thoroughly understanding the production process and all its components before even deciding to begin production.  "The four steps of The System of Deep Understanding are:

1.  Focus on Constant improvement.  This can include growth of the plant, ensuring that workers keep their jobs, increase in efficiency of the worker, ensuring that workers can afford to buy the products they produce if they wish, and improvement of the conditions and safety of work.

2.  Focus on decreasing costs.  This does not mean that workers must be laid off or factories must close.  Instead, it means getting rid of redundancies in the sector, getting rid of non-value added steps, and increasing the value of value-added steps in production.  If you increase the value of the value-added steps relative to the value of the non-value added steps, you will increase the quality and efficiency of your production processes, and the previously wasted money will either be saved to the consumer, or will be used to grow the company and protect the workers' jobs.  We know, from statistical analysis that there will always be some x percent of failure in any lot.  Rather than obsessing on those failures, and treating the symptoms (the failure), we should focus on decreasing the rate of failure: on consistently doing better.  Decreasing the rate of failure, whether it be in product manufacturing or in worker attrition, means we save money on rework and rejection.

3.  Focus on leapfrog development and export oriented growth.  Developing nations traditionally have trade deficits as wealthy nations rush to take advantage of cheap labor and raw materials in developing nations, and import in their wake expensive finished goods.  What leapfrog development means is that the developing world needs to acknowledge that it will always lose to economies of scale, especially in cutting edge areas of development.  So the developing nation will take the ubiquitous technologies of the developed world, the technology and processes that they are now dumping on the world as they attempt to deal with the crisis of the business cycle, and improve it.  We should use our strengths to make those technologies better, and add value to them which we will then feed into our economy, rather than sending it to them.

4.  Focus on use of weakness as strength.  This builds on point 3.  The Developing world is usually flush with potential which is not tapped.  There are a million reasons why not, but in fact, they represent a source of strength for the developing world that the developed world cannot exploit without our say-so.  We may have cheaper labor in the developing world.  But this can be a strength to attract investment.  We should do what we do well, and become the leaders of that thing, so we occupy a niche.  It is possible to do several things well, to occupy several niches.  But the most important point here is that we not compete with economies of scale.  We work to compliment them, to bring consumers across the globe our own goods and services which are significant improvements, both in terms of quality and quantity, but also in price point over the previous generation of the same thing still being half heartedly produced by economies of scale.  Producing old technology for them is an inefficiency.  They incur and bear alone the opportunity cost.  Producing the exact same thing for the developing world is an opportunities.  Since the R&D has already been completed, we merely have to take it apart, find out how it works, reduce redundancies and non-value added steps, and build one of our own, much cheaper than it cost them to build theirs.  They are then free to make new things, while we continue to improve on what they have already built.  In this way, the profit for those older technologies is re-direfted toward the developing world, rather than being monopolisitcally held by Developed nations." -  (King, 546-48)

This program, where public and private sectors work together to treat the economy as a Total Economy, will help developing countries escape the cycle of perpetual development, offering them a clear way out of the trap.  King's work has been widely hailed in Kalistan since it was published, by socialist economists.

Liberals, however, who still represent the majority of economics faculty at Kalistan's institutions of higher learning, roundly rejected King and his hypotheses.  Said leading liberal economist Timmons Algernon:  "This is heresy.  It almost feels like a betrayal for King to speak for the Dual Economy, when he so recently worked with us to dismantle it through atrophy.  If you read his published statements, he cheered the collapse and the monetary crisis as proof of the failure of socialist economics and the Dual Economy.  He was our standard bearer:  He once said that society needs to be bent to demonstrate the assumptions of our economic models.  Now, he goes to the other side."  Much of the audience in attendance at the Keynote Speech walked out on Dr. King.

"I was wrong. Forget everything I ever wrote:  Liberal Economics is a completely dead-end ideology, at least in middle economies like Kalistan's who wish to get out of the perpetual middling position they constantly find themselves in.  Blind faith in Markets is a death sentence.  But again:  so is full planning.  What we need is an economy which is flexible enough to allow consumers to obtain whatever they want from the Market, but protection from the sorting mechanisms of the markets which will always take wealth from the many and hand it over to the few.  We need a strong public sector side by side, to ensure that the Four Steps are enforced.  Doing otherwise should legitimately create an existential crisis for private sector investors.  There can be no other way, unless there is a significant enough cushion to absorb market shocks, and for the vast majority of the population of Terra, that insulation simply does not, cannot exist, because the society is mitigating risk incorrectly."

Following the convention, a group of Liberal academics attempted to have King thrown out of the SKE.  The petition made it to the floor of the Plenary session, but narrowly failed on a non-ideological vote of 43-47. Most of those who voted to keep King were Socialists, but they were joined by a dozen or so liberals, who spoke against the motion by decrying it as creeping fascism and "...a disgrace for professionals to even hint at such a thing."

"Liberal Economics works for some countries," said Dr. Sarah Matel of Neveras.  "But King's argument is convincing, even for me, a dyed in the wool market liberal.  At any rate, we can't just throw him out because we disagree with his findings or methods.  Our concern is in what is good for the economy, while most of my colleagues seem intent simply on forcing their viewpoint down everyone's throat."

The conference ended with King's reputation cemented as one of the greats, and his membership still in tact.  Meanwhile, three Liberals resigned from the professional organization in disgust.

References
King, John.  4442.  "Statistical Adjustment and the 4-Point Program for Efficient Development Under the Dual Economy," in The Indralan Journal of Economics: Macroeconomics and International Development.  Vol 141.1 (Spring): 452-469.

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Kalistani Socialists take another step toward a Single Party StateAs ineffectual opposition vanishes, Socialists move to shrink Assembly and double terms
Kaliburg, Ananto
December 8, 4443


President of the Republic Reina-Rodriguez comments on Premier's decision to reduce seats and double terms

Today, Socialists in Kalistan broke with a centuries long support for the Normal Constitutional order in Kalistan by extending their efforts to ensure Socialist dominance in the Legislature in perpetuity.  Critics see this as yet another move toward the establishment of a single Party state under Socialist Party rule.  But compared to the outcry following the ephemeral parties act, this new move, attached as a rider to an early election bill which cuts the Assembly to 200 seats and lengthens legislative terms to 6 terms met with nearly no protests or demonstrations.  Said Henry Griffin, of Vrassa City, "Well, if there was a Right wing Party in Kalistan worth anything, I might be tempted to vote for it, but as it is, there is none, and any that pop up always try to take it far to far to the Right, so I won't be voting for anyone.  Not like it makes much difference, I suppose."

For her Part, the President was ambivalent on the measure.  "Its not really my place to critique how the Legislative leaders are running things when they are socialists.  If this is the way they want to do it, so be it.  I supported strong measures against ephemeral Parties in Kalistan, and so if I see this as an extension of my work when I was the Premier, I suppose it is not too onerous."

Rightist opposition to the act was mute.  "In the Assembly Rightists hold no seats, but the different factions of the Socialist Party seem alright by the Matter," said Abe Hashimoto, Premier of the Republic. "We have a lot to worry about like getting the Kalistani economy back on track, and don't have time to run elections where one Party only ever earns seats, or I should say, one Party who shows up to vote.  It is a real waste of time to have show elections between one Party and nominal opponents who simply want to Camp their way through the Legislative process.  So, we'll deal with them as we can, and then once we have the election and then look to formalize the matter after the early elections."

The act is expected to pass easily next August.

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[quote="Luis1p"]

Thiers, Louives28th May, 4444

Manon-Maison Communications eyes investment in Kalistani Economy
Manon-Maison Comm (HQ's above), a long time successful Lourennais firm, seeks to supply and cooperate with Kalistani Economy

Following Kalistan's economic recession, Lourennais companies have been in dying nreed to expand economic opportnuites
and services to Kalistan and better the nation's communication sector slowly while Kalistan climbs out of their economic
recession. The company has decided to expand to Kalistan upon the confirmation of the Kalistani Government. Members
from the Manon-Maison Comm. Board of directors have been pushing the company's leaders to start preparing for a move
to Kalistan. According to regular workers in the company, the Board of Directors have spent months perfecting a plan in case
expansion to Kalistan is accepted. The Board has cautiously set out its plan to move to Kalistan in the spring of 4443 following
some economic turn downs faced from the Mordusian civil war and the Kalistani recession. If Manon-Maison do not expand to
Kalistan in an efficient manner, the company could face several loses and significantly impact the Lourennais economy which
seems to already be having some issues. Nevertheless, expansion to Kalistan would guarantee jobs for more than 14,000 people
as a result for the high demand of workers in manufacturing centers and administration centers that are needed for production
and research for the company.

No other Lourennais economy has taken the opportunity to expand to Kalistan since the recession. Prior to the recession, Kalistan
and Lourenne were in major talks to finally solidify peaceful relations, military cooperation and major economic opportunities
however, talks crumbled after the assassination of former Premier Al-Khali, thus the Kalistani recession came to be. The Ministry
of Trade and Industry,and the Ministry of Finance have approved the expansion from Manon-Maison Comm even though the
Lourennais government and the Kalistani government have not reached a consensus on economic deals to date. The move from
Manon-Maison Comm. is expected to encourage other companies to begin thinking on expansion to Kalsitan as well. Uncertainty
still remains on whether expansion will be a success or a drag to the Lourennais economy, yet if the expansion work, work and work
benefits will be available to those who are unemployed and it will be an important boost in both the Lourennais economy and the
Kalistani economy.

More to come

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KalMD develops first generation of Kalistani Consumer electronics"Model 1" to roll out early next year
Sulari, Suldanor
September 7, 4444


KalMD's "Model 1" has been prototyped and will begin mass production in January

The first generation of cellular phones to be produced in Kalistan will begin production in January and will reach the market by February.  Early orders for the phone, called the "Model 1" by manufacturer Kalistani Micro Divisions are promising, said KalMD spokesman Jeffery Edwards.  "There have been a decent number of early adopters for the technology who wish to invest in this program to kickstart the industry.  We've received orders for 10,000 phones from large retailers who usually sell foreign after market technology and online distributors.  If the early sales meet orders, we will see how the market sits and adjust."

The Model 1 features a battery life of 6 hours per charge, the ability to store music and pictures and the ability to text over Short Message Service (SMS).  While it does not yet compete in terms of capability with even last generation foreign smart phones, the Model 1 is not intended to do that.  "What we are launching is essentially a bare bones mobile phone which will allow us to continue funding research and development and bring out newer models sooner.  We need to start selling products sooner rather than later, and the Model 1 is more like a toe in the water than a full fledged cannonball."

The Model 1 has been positively reviewed by several independent reviewers.  Deanna Phillips, from Kaliburg's Tech Today said: "For what it is, it is better than comparable devices that other countries have been dumping in Kalistan for decades.  It has a sleeker profile, it allows us to store and play music locally, and doesn't require an internet connection.  In fact, you can't connect to the internet at all from this device, which some would see as a negative, but it will allow users to cut down on data fees that are associated with using outdated technology to connect to a modern internet.  We don't have the greatest mobile tower infrastructure in Kalistan, so this lack of capability will save Kalistani consumers in the long run.  Meanwhile, Kalistani's love their music, and having a mobile music player included upsets nobody."

The batteries in the Model 1 have come from a joint partnership between KalMD and the new startup KalTech, who got into producing batteries using lithium provided by Yoshimi Salts.  Combined with KalMD's microprocessors and motherboards, the Model 1 becomes the first all Kalistani model cell phone.  "We have the factory space to produce a million cell phones a year right now," said KalMD's Edwards.  "A few bottlenecks might slow us down:  for example, the lack of battery capacity.  But we are working with KalTech to expand production, and hope to overcome that limitation by the time that demand increases if it does.  Foreign capital might also be of some help if a deal with the Lourennaise company Manon-Maison goes through.  Further specialization will likely help reduce redundancy in the market too.  It is too soon to say right now, but smart and efficient investment will keep KalMD profitable and in a good position to supply the Market in the coming years."

The Model 1 will retail for 12,500 KRB, and while this price seems a bit steep for most casual users, Edwards insists that the all Kalistani Model 1 from KalMD represents a great step forward.  "In addition, we have included a lifetime full repair and replace warranty on all Model 1's sold in Kalistan."

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KalMD welcomes Manon-Maison to KalistanCFO Michelle Marks-Bennots opens new offices in Joint Venture with Lourennaise Firm
Kaliburg, Ananto
December 12, 4444


New KalMM CEO Michelle Marks-Bennots

Kalistani tech firm will conclude a deal this month which will open a long-sought after joint venture between Kalistani and Lourennaise investors in Kalistan.  The New Joint venture will become an autonomous division of KalMD, and KalMD investors will capitalize 51 percent of the corporation.  Lourennaise tech giants Manon-Maison will supply 49 percent of the capital for the firm.  The new spin off will tentatively be called KalMM, and shall operate two manufacturing facilities in the Sulari-Yoshimi corridor. 

Michelle Marks-Bennots, current CFO of Kalistani Microdivisions, will be appointed CEO of the new division, with the CFO  to be named by the Lourenne.  For all intents and purposes, the firm will be operated by Manon-Maison within Kalistan, and shall grant Lourenne access to Kalistani markets and resources for the first time in more than four decades.

Marks-Bennots was on hand for comment on the Joint Venture:  "We've made sure that we've got our i's dotted and our t's crossed on this deal.  The law requires Kalistani capital to control a majority stake in all firms operating in Kalistan, and so the way we accomplish this with Lourenne is to build a joint venture here where we hold 51% of the interest and the Lourennaise hold 49%.  If this partnership is positive and profitable for Kalistan, KalMD will then reciprocate and offer to open a Lourennaise Branch where Kalistani interests hold 49% and Lourenne holds 51%.  The one operation offsets the other and so forth, and the profit is split right down the middle over the entire conglomerate."

When asked whether KalMM will compete with KalMD, Banks was adamant:  "No, in fact, KalMD would not have gone into the deal if we thought that.  We expect KalMM to compliment the work of KalMD.  Manon-Maison has a long standing track record of quality and dependable products.  They have years of expertise, and will bring next generation research and development to the Kalistani market.  Our consumers are looking beyond the Model 1 already, and this new influx of capital and expertise is exactly what is needed to kick the tech sector into high gear."

When asked if she thought her new division would eventually outperform the parent company, she said "It would be amazing if we did.  But our success is their success, and so it is in everyone's interest to ensure that KalMM does well, both the Kalistanis and the Lourennaise."

KalMM has recently signed a lease on a 10,500 square feet office building outside of Kaliburg and will establish Corporate HQ there.  OEM facilities will be established next year.

KalMM will be listed independently in the Kalsie, under the symbol stock KMM.

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Kalistani Government Establishes First Board of RegentsCentralization of Curriculum and Policies the aim, says Minister of Education
Kaliburg, Ananto
December 29, 4444

Kalistan has centralized the curriculum and policy guidelines for Kalistan's public Universities.  Says Minister for Education and Culture Dr. Arin Jones: "A standardized curriculum especially will help Kalistan focus and prepare our young minds for the future.  Our system of 29 Universities, Polytechnical Colleges, vocational and arts schools across the Republic will ensure that anything any student could ever want to learn will be offered somewhere, usually within his or her own District.  We cover all the bases, and ensure that not only are our future workers the most highly skilled workers in Seleya, but also those who seek a liberal arts education are not competing with technical, STEM and vocational programs for money, and can study what they want as well.  We look forward to a more streamlined Higher Education system which allows kids to get involved at a younger age, so by the time they are done with National Service, they are the most prepared and highly skilled young minds that can be found anywhere."

The method of streamlining the Higher Ed system in Kalistan is the establishment of the Kalistani Board of Regents, which are selected from Tenured Faculty and students at the various schools.  The ratio of teacher to student on the Board of Regents is a 53/47 in favor of the tenured faculty.  There will be a total of 64 regents on the Board, and they will be responsible to set policies with regard to tuition, fees, general conduct, tenure and graduation requirements, and curriculum. The schools which have been organized under the Board of Regents system are the following:

Ananto:

• Kaliburg Polytechnic Institute, Kaliburg
  
• Kaliburg District University, Kaliburg
  
• Kalistan National University, Kaliburg
  
• Ananto District University and College of Graduate Studies, Dulnerstaad
  
• Luxor Business College, Luxor
  
• Eveari College, Eveari
  
• University of Ananto, Eveari
  

Vrassa

• Vrassa District University and Graduate School, Vrassa City
  
• Anderson School of Economics and Business, Poppistan
  
• Vrassa Technical University, Senvias
  
• Python Musical and Arts Academy, Python
  
• Vrassa Naval Warfare University, Senvias
  
• Port Sweedes Trade and Vocational College, Port Sweedes
  

Neveras

• Doceus Rex University and Graduate School, Lhasa
  
• Neveras District University, Lova
  
• Neveras Polytechnical University, High Bong
  
• University of High Bong, High Bong
  
• Vilbin Business and Vocational College, Vilbin
  

Suldanor:

• University of Suldanor and Graduate and Law School, Sulari
  
• University of Kalistan, Yoshimi
  
• Reynoldia Technological University, Reynoldia
  
• University of Temmon, Temmon
  
• University of Sulari, Sulari
  
• Lucid District University, Lucid City
  

Odufaray

• University of Odufaray and Graduate School, Gendaris
  
• Odufaray Business and Trade College, Kluptoon
  
• Kalistani Land Warfare University, Santaburg
  
• Kluptoon Technical College, Kluptoon
  
• Eshar District University, Eshar
  

All other schools and Universities in Kalistan will become private schools of higher education upon the passage of this act.

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KalMD's Model 1 sells out; KalMM looks for expansionFirst 10,000 sell in first day, second run of 25,000 sell in six weeks
Sulari, Suldanor
March 1, 4445


A typical Kalistani cellphone store.  In this photo, there are 52 different types of cellphones from 16 different countries, all after-market

Kalistani Microdivision's first product, the Model 1, has exceeded sales expectations for the first two months of 4445.  35,000 units have already been sold, and the third run of 50,000 devices has already been pre-sold.  KalMD spokesperson Jeffery Edwards, said "It is very positive news for our investors.  The Pricepoint we have set is significantly higher than our competitors, but the survey groups we've held tend to focus on the lifestyle value of owning the phone.  It's not so much that the product is superior to even foreign imports.  It clearly is not superior.  But our consumers are thrilled to be a part of owning a product which is Kalistani made, and benefits Kalistani citizens.  We all know someone who knows someone with a job in Suldanor because we are working in this field.  Coming in from the recession, Kalistanis are happy to be back to work, and our marketing has focused on this:  A Kalistani product for Kalistani Citizens."

As the new KalMM operation spins up, KalMD looks to benefit.  "We hope that KalMM gets into R&D as well as battery life and internet connectivity," said Edwards.  "Right now, our price point keeps us from serving more than a niche consumer base.  R&D is the biggest non-labor cost we face right now.  As we earn more money and dump all of our profit into R&D, especially around connectivity and battery life, we will see our prices go down and our sales go up.  We can already say for sure that the Model 2 will be light years ahead of the Model 1, both in terms of features, and in terms of price.  But for now, we are working with the Model 1."

The Model 1 has received strong reviews from Kalistani consumers, mostly around the pride they felt in owning Kalistani technology.  Complaints were of a more practical sort:  The price was too high compared to even models with more features, battery life was short, there was a distinct lack of apps and features, no internet connectivity, and Kalistan's Mobile infrastructure, designed to service a hodgepodge of foreign technology, didn't work as well with new Kalistani protocols. 

"Unfortunately, since every other country who dumps their gear off on Kalistan comes with its own Mobile tower protocols, each tower is more like a tower farm designed to service all these crazy foreign protocols and get them to speak to one another," says KalMM CEO Michelle Marks-Bennots.  "It truly is a mess.  One aspect our engineers will work on is the development of a single protocol relay system that will allow all the cell phones to talk to one another over one single network.  This is only possible now that we have a research and development infrastructure up and running in Kalistan, and will solve a very fundamental problem with having all these countries with their own rules and regulations about their own cell networks which are incompatible with one another.  We are about 8-10 months away from solving this problem, and when we do, it will result in massive savings for Kalistan's mobile infrastructure.  But we are not quite there yet."

KalMM looks to also expands into the realm of non-phone mobile devices.  Its corporate HQ is set up and the first OEM Plant in Sulari is being brought online.

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Kalistan sees opportunity beyond its shoresInks major deal with Keymon
Kaliburg, Ananto
June 15, 4445


Trade Minister Bill Sykes, center, scores another victory for diversification as two major deals are quickly concluded with Keymon

Building on the ODEN Partnership between Kalistan and Keymon, Trade and Industry Minister Bill Sykes announced that two major deals have been concluded with the Mad Dog Republic.

Minister Sykes was on hand to announce the preliminary deals.

"It seems like an age ago when Kalistani investors were panicking, and Kalistani bank customers were scrambling for Rubles from the Bank.  And now, all of that is in the past.  Through hard work, solid reassessment of our economic and fiscal priorities and a whole lot of luck, Kalistan has emerged from the dark time of Monetary crisis into the bright sunshine of economic expansion.  The deals we will soon conclude with Keymon will see KalMD open a new Branch in Keymon, to make phones specifically for the Keymonese Market. 

"KalMD's expansion there will be fully funded by new capital recruitment, both in Kalistan and in Keymon.  KalMD will experiment with a new type of corporate structure for their overseas expansion:  While this company will be entirely opened to foreign investment, with KalMD retaining 50.1% of the stock interest, Kalistan will send technical expertise in manufacturing our products and overseeing QC, but the expansion plant will be fully staffed by Keymonese managers and workers.  They will set pay and work conditions, while KalMD supplies the technical expertise, and export the semi-finished materials to Keymon.  If Keymon's demand for cellular phones is met by KalMD's production in Kalistan, the surplus will be exported abroad, with all profits returning to research and development, after the dividend is paid out.

"In addition to the KalMD expansion, ODEN's fully owned Pharmaceuticals conglomerate, led by Supereon Pharmaceuticals and Valutrex Pharma will officially merge with Keymon Pharmaceuticals.  The new conglomerate will be fully free to merge all intellectual property and will work on cornering the therapeutic pharmaceuticals market in the world.  The Multinational conglomerate will be overseen by Boards appointed by ODEN in our respective countries, and will open the door for large scale Kaymonese investment in the Kalistani Market.

"It is estimated that these deals will be worth tens of billions of Rubles to each Partner, clear, in a year.  And with such a large scale expansion of KalMD and the merger of the Kalistani and Keymon Pharmaceutical industries, production will begin ramping up sooner rather than later."

News of the new deal sent KalMD stocks on an upward trajectory, as KMD gained 14 points on the day and KalMM, which stands to benefit from the expansion, was up 7 points on the day.  Meanwhile, the Kalsie index overall was up 8/10ths of a percent.  4445 is turning into a remarkable year as Kalistan begins to erase the losses of the recession.

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KalMM Posts Promising Earnings, Announces Prototype Smart PhoneTentatively labeled "Model X"
Sulari, Suldanor
June 17, 4445


KalMM CEO Michelle Marks-Bennots addresses Shareholders at the Annual Meeting in Kaliburg

KalMM, the joint venture between Kalistan and Lourenne's Manon-Maison, announced promising earnings this June.  CEO of KalMM, Michelle Marks-Bennots laid out earnings and reinvestment strategies for the months ahead.

"Our stock is up 10 percent this year alone.  We are managing our cash flow well, we have reinvested much of our earnings back into research into battery technology, miniaturization, and development of the SPRS, which is designed to ensure that all protocols can talk to one another over our networks.  Our engineers announced that their deadline for a working SPRS relay is October 1 of this year, and they are confident that they have already met the deadline, and have moved on to beta testing with the myriad of devices that are unfortunately so common in our country.  As the SPRS is worked out for Kalistan, we expect to see this technology spread across the world, so that other nations can begin employing it.

"But more positively than these developments, our R&D teams have informed me that they have a working prototype smartphone, which will allow users to connect to the internet securely and efficiently.  We have recently acquired a controlling interest in the old Reynoldia Server Farms, which were established in Temmon three hundred years ago, and which, after being generally abandoned by initial investors, were kept alive and updated by students at the Reynoldia Technological Institute in Temmon. 

"With Reynoldia onboard, we have had the opportunity to design a new model, which we'll call the Model X for now, that can securely broadcast a signal, and make calls via the internet, as well as allow voice and video conversations, securely store credit card information locally, and allow people to use apps.  This will open a new road for mobile communications and commerce, not just by phone, but more and more often by handheld devices, such as smart phones, tablets and laptop computers.  The tech revolution now has a full head of steam.  We hope to continue to play a big part in that progress!"

The CEO says she plans to meet with her Lourennaise Partners before the end of the year and discuss expansion of KalMM into Lourenne to further expand KalMM's research capability and market.