EconomicsUSA: Small Businesses: Do small businesses really lead in job growth?
-
-
-
Open Forum, Powering small business success (Nov9,2k11)
— Reposted here by EconoMix
-
-
various stuff from my thawt and life in a news-bedevilled world, word play and semiotic experiments, with Christian intent but in hopefully creative tension with culture of North America, both USA and Canada, both hither in Toronto and yon worldwide ...
-
-
-
Open Forum, Powering small business success (Nov9,2k11)
— Reposted here by EconoMix
-
-
Posted by
Unknown
at
5:06 AM
0
comments
Labels: economics USA, midsize business, OpenForum, small business
Dordt College via yUT2ube
|
Posted by
Unknown
at
8:07 PM
0
comments
Labels: deficits, economics USA, VerbruggeDrJames
Posted by
Unknown
at
10:04 PM
0
comments
Labels: economics USA, jobIncreases, unemployment
Posted by
Unknown
at
4:17 PM
0
comments
Labels: budgetCuts, budgetDeficit, economics USA, unemployment
Posted by
Unknown
at
11:00 AM
0
comments
Labels: economics USA, free-enterpiseSystem, unemploymentUSA
State spending cuts slow US economic growth in Q4
VIDEOFeb. 25 (Bloomberg) -- The U.S. economy grew at a 2.8 percent annual rate in the fourth quarter, slower than previously calculated and less than forecast as state and local governments made deeper cuts in spending. The revised increase in gross domestic product compares with a 3.2 percent estimate issued last month and a 2.6 percent gain in the third quarter, figures from the Commerce Department showed today in Washington. Bloomberg's Betty Liu reports. (Source: Bloomberg)
By JEANNINE AVERSAThe Associated Press
Friday, February 25, 2011; 10:28 AM
WASHINGTON -- Deeper spending cuts by state and local governments weighed down U.S. economic growth in the final three months of last year.
The government's new estimate for the October-December quarter illustrates how growing state budget crises could hold back the economic recovery.
The Commerce Department reported Friday that economic growth increased at an annual rate of 2.8 percent in the final quarter of last year. That was down from the initial estimate of 3.2 percent.
The weaker figure was dis-appointing and prompted some economists to lower their fore-casts for economic growth in the current January-March quarter.
State and local governments, wrestling with budget shortfalls, cut spending at a 2.4 percent pace. That was much deeper than the 0.9 percent annualized cut first estimated and was the most since the start of 2010.
But the failure of the over-optimistic forecasts by the wide ranks of learnèd economists in regard to the overburdened lower two tiers of government is not the only factor now in play for the end of the coming first Quarter 2k11. Rather, the dynamics of the Arab Revolutions must now be factored in, as well. The Arab Revolutions are shaking the always-uneasy balance in world oil prices. While the Saudi Oilgarchs have made strenuous efforts to convince the world, in the wake especially of the Libyan Revolutionary uprising, at the same time the Saudis are on massive alert and are building up their operational security forces becawz even they have no guarantee that the Days of Outrage called for a month from now, will leave their oil production facilities functioning at full tilt. Any interference with Saudi production that slowed the outflow from the Kingdom is improbable, but no longer a madman's hallucination. The issue then is how investors and commodity-futures traders will shift some of their spendable funds into other commodities and industries.Consumers spent a little less than first thought. Their spending rose at a rate of 4.1 percent, slightly smaller than the initial estimate of 4.4 percent. Still, it was the best showing since 2006. And it suggests Americans will play a larger role this year in helping the economy grow, especially with more money from a Social Security tax cut.
Posted by
Unknown
at
12:50 PM
0
comments
Labels: coal, consumers, economicGrowthUSA, economics Global, economics USA, gold, LibyanRevolution, MongoliaMiningIndustry, oil, RussiaOil, Saudi Oilgarchs, stateBankruptices
I found this nooz item in the email nerwsletter of the Associatied General Contractors: of America [Dec17,2k10] -- Building boom in other countries pushes up materials cost
The cost of construction materials has increased by 4.8% over the past year and 0.5% in November alone, thanks to burgeoning demand in China and India, according to the Associated General Contractors of America. Prices for copper and brass have risen by 16%; diesel fuel has increased by 18%; and aluminum has grown by 14%. Such sharp cost increases can run construction companies out of business, AGC warns. Los Angeles Times / Money and Company blog (12/16)The market is hi-ly sensitive also to precious metals of the newer kind from China, under a new designation, but very important to importers into Ameroica from China of these precious materials [not comparable to 'blood diamonds' as far as i know], China where there's a relative abundance of the necessary mining operations. For a brief period, China barred exports of these commodities to Anerica
Posted by
Unknown
at
9:06 AM
0
comments
Labels: aluminum, blood diamonds, brass, buildingmaterials, China, copper, diesel fuel, economics USA, India, precious gems, precious metals
New York Times (Dec5,2k9) Op-Ed reported by Olga Orda (Dec17,2k9) for the ecology website Green Options. Dr Jared Diamond, professor of geography and physiology at the University of California at Los Angeles, is the author of Guns, Germs and Steel: The Fates of Human Societies (1997) (which I've read and deeply appreciate) and Collapse: How Societies Choose to Fail or Survive (2005):
[Diamond's] article struck me as unusual -- both with its street smarts and nuanced analysis -- for two reasons.I join her in urging you to read it, and to click on and read Ordo's own write-up in Green Options (see above for the live-link to her article).
One, the author ... [has] a real ear to the street and clearly, the boardroom, [and, of course, he is now a target whom] stoic environmental advocates immediately write off as nothing but “greenwash”. [Err, "greenwasher," shoud I re-write? -- rW]
I am talking about household names like Coca-Cola, Chevron and Wal-Mart that the author says [is a corporation] “many critics of business love to hate, in my opinion, unjustly.”
In the case of Chevron: “Not even in any national park have I seen such rigorous environmental protection as I encountered in five visits to new Chevron-managed oil fields in Papua New Guinea [on the geography-attuned anthropological history of which Diamond is a/the leading expert - rW]. (Chevron has since sold its stake in these properties to a New Guinea-based oil company.) And, the publicly traded company gives five savvy reasonson why it needs to care and is spending the money to prove it cares.
And then there is Wal-Mart, for whom scale is both a beast and blessing. Case in point: “This is what Wal-Mart did with fuel costs, which the company reduced by $26 million per year simply by changing the way it managed its enormous truck fleet. Instead of running a truck’s engine all night to heat or cool the cab during mandatory 10-hour rest stops, the company installed small auxiliary power units to do the job. In addition to lowering fuel costs, the move eliminated the carbon dioxide emissions equivalent to taking 18,300 passenger vehicles off the road.”
Second, Diamond states exactly what underpins and is attractive about the whole "sustainability means consuming less" argument. It is that consumption rates and standards of living are only loosely correlated, because so much of our consumption is wasteful [the waste does not meet the norm of optimality; see Hendrik Hart, Understanding our world: An integral ontology (1983, subsequent editions) - rW] and doesn’t contribute to our quality of life. Hello, Western Europe with less of our American stuff and more happiness due to more access to medical care, financial security after retirement, infant mortality, life expectancy, literacy and public transport. So, happiness is more complex than that, but definitely the social foundation matters.
Third, Diamond spoke with striking clarity on some of the actions Washington, D.C. can take to stimulate more businesses to adopt sustainability practices that keep the planet healthy. Namely:
“My friends in the business world keep telling me that Washington can help on two fronts: by investing in green research, offering tax incentives and passing cap-and-trade legislation; and by setting and enforcing tough standards to ensure that companies with cheap, dirty standards don’t have a competitive advantage over those businesses protecting the environment.”
So, if you have not already, read Diamond’s article. It will grab your attention too.
Posted by
Unknown
at
9:37 PM
0
comments
Labels: atheism/s, atheisms, Christian evolutionary thinking, DiamondJared, economics USA, environment, evolution, mega-corporations, pollution
In a recent article, Dr James Skillen (executive director of Citizens for Public Justice USA until October 2009) bristled indignantly, "Can Trust Be Restored?" (Root & Branch (Feb23.2l9).
Let me put it more bluntly. People are not just angry about bankers’ big bonuses and auto company CEOs’ private jets; they are angry that they got taken by “the system” — by banks, by mortgage companies, by investment advisers, and by the government that aided and abetted and gave no warning of the coming collapse. As in a stagecoach robbery, writes Janet Tavakoli, “Wall Street bankers made off with the loot without firing a shot. They were enabled by Washington overseers and financial regulators who—when not beneficiaries of the good times—behaved like ostriches. Meanwhile, news of the fact that no one in the US has been brought to justice has not escaped notice” (Financial Times, 2/5/09). The authorities oversaw and even encouraged the increasing leveraging of debt until the whole country was overextended, leading to the crash. One of the biggest culprits, according to John Kay, was the “diversified financial conglomerates” created after Washington abolished the Glass-Steagall Act that separated commercial and investment banking. The conglomerates, says Kay, “are riddled with conflicts of interest” and their growth “served only the ambitions of the greedy men who ran them and the financial interests of traders, who were allowed to play with sums of money that should never have come into their hands” (Financial Times, 2/11/09). With government having not yet done much to change the system and after several months of trying to prop up all kinds of financial services companies, the hole is getting deeper. Even two months ago, Niall Ferguson could write, the Fed itself “increasingly resembles a public hedge fund, leveraged at more than 50:1” (Financial Times, 12/19/08).
Posted by
Unknown
at
6:58 AM
0
comments
Labels: banks, credit crunch., economics, economics USA, housing
CNN.com carries a Reuters article, "Greenspan: 'Very unusual' economic conditions -- The former Fed chief, noting a 'very unusual' situation in which interest rates around the world are low, defended his trademark circumspection and reflected on the surprising lesson he got from 9/11." (Jun1,2k7):
Former U.S. Federal Reserve Chairman Alan Greenspan said Friday that U.S. interest rates are low, but that rates are low all over the world.
He said the prevalence of low interest rates throughout the world was one of the things that surprised him as he prepared his reflections on his past for the new book he was promoting, The Age of Turbulence [Sept2k7, Penguin Press].
CNNMoney.com's Allen Wastler discusses U.S.-China trade issues and Alan Greenspan's ominous warning. ... Greenspan warns China stocks primed to fall
Posted by
EconoMix
at
12:24 AM
0
comments
Labels: bookSept2k7, economics, economics USA, economics world, FedReserveBank, GreenspanAlan