Archive for June, 2009

SHRM reveals the 50 Best small and medium employers to work for in America

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The Society for Human Resource Management (SHRM) and the Great Place to Work Institute, Inc. (GPTWI)  announced the nation’s top 25 small and top 25 medium-sized companies to work for in America. The winners and their rankings were revealed [...]

While business isn’t better, the worsening has slowed

Carolinas AGC Construction Barometer(TM)
For first quarter 2009, the Carolinas AGC Construction Barometer(TM) posted a modest 3.3% gain due to growing empirical evidence of a slowing rate of economic deterioration in Carolinas commercial construction. The rate of downward change in first quarter was much less severe than the drop in activity experienced in latter 2008.
In [...]

Consumer Watchdog to Obama: No Cash for Clunkers without compensation for GM victims

Consumer Watchdog called upon President Obama to prioritize the purchase of an insurance policy for victims of defective GM vehicles in the company’s bankruptcy over the “cash-for-clunkers” program. Read the letter to the President at http://www.consumerwatchdog.org/resources/LtrObamaReGM.pdf.
“The same $1 billion allocated for clunkers could purchase an insurance policy in the GM bankruptcy proceeding to provide for [...]

When homeowners walk away: New research reveals more than 25 percent of mortgage loan defaults are strategic

Financial Trust Index Researchers Study Economic and Moral Factors In Strategic Default
While the Obama administration’s housing policy has been largely influenced by a study of the Boston housing market during the 1990-91 recession in which homes devalued by approximately 10 percent, new research suggests that a novel phenomenon is at hand in the fallout [...]

Going Beyond Borders to Beat the Recession Battle

Last month, California’s unemployment rate rose to its highest level since World War II. But Huntington Beach native Michael Douglas has a one-two punch solution to beating the recession battle. He has taken his education and professional outreach beyond California’s borders to Europe and Asia.
“I’ve always considered myself open-minded,” says Douglas. “But being around the [...]

Frost & Sullivan projects strong growth for European commercial vehicles telematics market despite current economic slowdown

The impact of the economic downturn on the European heavy and medium commercial vehicles telematics market will be outweighed by strong market-driving factors including fleet process optimisation and cost cutting. Moreover, the replacement cycle in mature markets such as the Benelux as well as nascent demand in emerging markets like Poland, where fleet management system [...]

Mobile advertising will be worth in excess of EUR950 million in Western Europe by 2013 announces FirstPartner

Mobile Advertising is Demonstrating Strong Growth Which is Outstripping the Rest of the Economy. Big Brands are Beginning to see Mobile as an Increasingly Effective way to Reach Consumers.
Mobile advertising will grow at a CAGR of 50% from 2009 to 2013, with the UK being the strongest market valued at over EUR200 million by [...]

Merrill Lynch Global Wealth Management and Capgemini release 13th Annual World Wealth Report

HNWI Population and Wealth Shrink Below 2005 Levels – HNWI Wealth Drops to $32.8 Trillion
World’s High Net Worth Population Now Stands at 8.6 Million; Wealth Expected to Reach $48.5 Trillion by 2013
Following a year-long period of exceptional volatility in 2008, the world’s population of high net worth individuals (HNWIs(1)) was down 14.9 percent from [...]

Survey: No clear consensus in stabilization but CFOs anticipate economic recovery within next two years

CFOs’ Confidence Boost in Obama, but Reveal Displeasure with Geithner Performance
Decreased Hiring Signals Bleak Prospects for Recent Graduates and Interns
Chief financial officers’ confidence in the U.S. economy saw signs of improvement for the first time in over two years, but revealed declined optimism toward their own companies, according to the most recent survey of CFOs [...]

Recession changes investing, spending patterns of high net worth individuals

Wealthier Americans Making Changes in Both Their Investment and Social Behaviors: AICPA Survey
U.S. economic woes and stock market volatility have prompted changes in the investment and social behaviors of high-net-worth Americans, according to a new survey of CPA Personal Financial Specialists conducted by the American Institute of Certified Public Accountants.
Lyle K. Benson, Jr., CPA/PFS, [...]