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Further
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Working at Home - The One Thing You MUST Know - Trent Brownrigg
You will spend more time, effort, money, and headaches in the beginning of starting a home business than with practically anything else in your life. However, when it all comes together, the hard times will seem like a distant memory because it...
Easing Your Way Into Homeownership: How Your Real Estate Agent Can Help You Qualify For A Low Down Payment Mortgage - W Troy Swezey
For many renters, the first step in buying a home is becoming educated about the process. If you’re like many people considering a home purchase, you’ve spent nights and weekends poring over your local real estate section. You’ve talked to...
Start a Business without a Masterplan for Success and You're 95% Certain to Fail! - Jim Green
Fact: Only 5% of People Who Start a Business Make it into Year 6. “95% of small business start ups fail within 5 years. Two-thirds of new employer firms survive at least two years, and about half survive at least four years.” (Source: Small...
Extended Enterprise In The Nesting And Cutting Business - Luca Vignando
In Italy there are a lot of small and medium enterprises (SME) that often act as subcontractors to bigger firms. For example, most of the Italian shoes come from industrial districts, where the organization heavily relies on subcontracting. ...
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Business After the Iraqi War
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Written By:
Carlos T. Fernandez
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The rewarding of high compensation packages to top executives who turned over weak quarterly earnings, or who were involved in corporate scandals, adversely affected short-term investing, and collectively contributed to the downturn of the global economy over the last couple of years. Even the help and expertise of Federal Reserve Chairman Alan Greenspan and several notable Nobel Prize winning economists in the President's Council of Economic Advisers, wasn't enough to revive the economy. September 11 then turned our attention towards terrorist threats against the markets.
Many, including the Bush administration, believed that a short war was the answer to both of these enormous problems. That is, if done quickly, a war would induce an increase in government spending that will be injected into the economy and a multiplier effect will, in turn, create jobs for the unemployed. But now that it's over and coalition forces have taken control of Iraq, should we expect to return to business as usual? Unfortunately, this is easier said than done.
The facts are that the underlying and axiomatic problems are still present in the global economy. First and foremost, we have America's account deficit, which is increasing by the second. The cost of the war is certainly adding to this burden and is currently hovering at approximately $20 billion dollars. Some experts say that this cost could reach up to $95 billion dollars. We, inevitably, will have to - continued below ...
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pick up the majority of this bill.
The United States' Gross Domestic Product (GDP) is also not in good shape. It has trickled down to an annual GDP growth that is expected to reach only 3.1% and both France and Germany have recently downgraded their annual GDP growth forecasts to 2.4% and 2.0% respectively. Moreover, the "uncertainty factor" as I like to call it, most likely will keep businesses and consumers cutting back on expenditures for the remainder of 2003.
Fortunately, there are some signs that the economy is beginning to recover. A report that was recently released by the U.S. Department of Commerce showed a rise of over 2% in retail sales for the month of March and a slight rebound in consumer confidence. Also, the national unemployment rate, which was released by the Bureau of Labor Statistics, remained unchanged at 5.8% for March 2003. While the majority consensus is that the economy will eventually recover, it is apparent that this will definitely take more time and effort than what most people had originally predicted.
Carlos T. Fernandez is the business columnist for Dominican Times Magazine, a publication that focuses on the hispanic culture and the issues affecting its communities. He is also the publisher of a popular financial planning and management website entitled Building Wealth (http://buildingwealth.blogspot.com).
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HOW TO MAKE MONEY PUBLISHING YOUR VERY OWN NEWSLETTER - Kevin Purfield
People who sell information are still very unfamiliar with the profitable marketing advantage online newsletters can actually be to their business. In fact, most of these people will avoid them completely simply because they don't understand...
Taking Paypal on eBay - Terry Gibbs
Accepting Paypal as a payment method might increase your selling prices and your profits. This depends on what you are selling. I sell collectibles to collectors. My clients are like junkies. They will buy regardless of the payment options, so not...
Is it time to stop filling your Landlord’s Wallet? - Josh Dorkin
Is it time to stop filling your Landlord’s Wallet? As a renter, you are subject to the whims of your landlord. They work at their own pace, and improve their property as they see fit. You have no control over the property that you reside in. Do...
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