August 9 2011
Is there any good business news to report these days? Frankly, there is not. Even if there were it would pale in comparison to steep decline we’ve seen on Wall Street in the past two days. Sadly at this point the only people the American people have less sympathy for than politicians is folks on Wall Street. [...]
July 15 2011
For the past few years businesses have made a concerted effort to utilize the incredibly fertile and ever growing world of social networking for their advantage. It is a fantastic marriage when done correctly but far too often businesses exploit these practices in ways that make them unappealing to the vast majority of people using [...]
June 23 2011
Greece is still in a sticky situation. When the IMF members meet this week, they will decide on the fate of this Mediterranean country, and how to deal with its onerous debt. If Greece defaults on its debt and drops out of the Euro zone, the complications for business around the world could be catastrophic. [...]
March 28 2011
Global business and business to business trading has not suffered much from the ongoing Jasmine Revolution, despite fears that oil will push up to $120 per barrel. As rebels have taken control of important oil ports, the price of crude has dropped. If the rebel offensive can successfully navigate through Sirte, Gadhafi’s hometown, hopes are [...]
March 3 2011
The oil business to business hasn’t really suffered from Libya’s unrest. While a 10% rise in oil prices is supposed to drop global GDP by a quarter of a point, the 4.5% growth won’t be badly affected, even if oil rises to $150 a barrel. There has been much reassurance from the Saudis that they [...]
February 10 2011
A fascinating article in the Economist discusses a new business on the brink: 3D printing. It’s just as it sounds. If you have the software capability and know-how to design a certain product, or even the ability to download a design off the internet, you can press print and cut out the manufacturing industry to [...]
July 29 2010
For years China has been the place for cheap labor. But with workers taking home a pittance – less than $200 monthly – of what Americans yield, labor strikes have been springing up like wildfire in August. Foreign multinationals are the target of these outbursts, and the Commie government is happy to displace its people’s [...]
July 7 2010
The Dow was up 2.82% today at 10018.28, the first time it broke 10000 since June 28. After last week, when stocks were at their lowest point this year, this is a welcome rebound. State Street, the world’s second largest custodian bank was up 9.9% as it projected profits well above analysts’. Worries about the [...]
June 29 2010
It all started in China, when a revised index scared investors around the globe that one of the economic powerhouses could slow. Then everyone remembered the European debt crisis, and by the time the bell rang in New York, the Dow was below 10,000. By the end of the day it was at 9870.30, down [...]
June 18 2010
Estonia joined the E.U. yesterday, becoming the 17th member. The small Baltic state will switch from the kroon to the Euro on Jan. 1 2011.. There remains mild concern over the sinking currency, as voiced by Dmitri Medvedev. Austerity measures are being enacted all around the Euro Zone – France will up their retirement age [...]