Archive for January 18th, 2008

About six months from now the government will come out and tell us we’ve been in a recession.  It always works that way, because the numbers lag.  Keep in mind that recessions are uneven in their impact.  I will grant you that a recession caused by some idiots in our financial industry can be farther reaching then just a down-turn in aircraft sales.  Still, I know that China and Canada are still buying large mining equipment from manufacturers in my city.

As a small business person you may not be immune to recession, but you may not suffer much from it either.  Know your local business community.  If your local economy is heavily dependent on the financial industry and they are laying off lots of people or cutting bonuses then you have a problem.  If the businesses around you’re heavy exporters then your situation might be stable.

Other areas to understand are the situations of your suppliers and customers.  AT&T is replacing a very big number of lithium batteries because of explosions.  Unfortunately, their Canadian supplier went belly up, so they’ve to cover the cost.  Fortunately, there are alternate suppliers.  What if there weren’t?  What if you were in that situation?  Suddenly your suppliers problems can hurt you badly.

Banks and other lenders are your suppliers of capital.  How is you bank doing?  How do they feel about lending to you?  You need to know the answer to those questions.

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Yesterday’s estate had 70 pics, today, just seven but what a lovely seven they are. This modern house in Phoenix, Arizona just hit the market. The five-bedroom home has around the same square footage as yesterday’s home but with less land and a far better view. You couldn’t ask for a dreamier infinity pool than this one. The home has three levels, each with expansive decks.There is a large media room on the lower level that’s built into the mountain. The contemporary blue kitchen has Snaidero cabinets, Miele appliances and a Gaggenau pizza oven. It is listed at $7.9 million.

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Continue reading Camelback Mountain, Estate of the Day

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iShares Russell 2000, Microsoft: Money Flow Leaders (IWM, MSFT) - Wall Street Journal

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Brown seeks to take China relationship to new level
Reuters - I believe by 2010 we’ll see 100 new Chinese companies investing in the UK, we’ll see 100 partnerships between our universities and Chinese universities and we’ll double the number of firms listed on the London Stock Exchange and thousands of

Asia-Pacific Bond Risk Rises to Highest on Record, Swaps Show
Bloomberg - Jan. 18 (Bloomberg) — The danger of Japanese and Australian companies defaulting on their debt jumped to the highest since the credit default swap indexes started in 2004. The Markit iTraxx Japan Series 8 Index rose 11.5 basis points to 71 basis

Superior security urged for ammonia pipeline
St. Petersburg Times - Within days of the accident, emergency officials convened a task force to review how the 28 government agencies, companies and organizations responded to the hazardous breach. Miscommunication Their actions came into question after reports of

Kenya opposition states will stop protests
Boston Globe - Lone said ODM would switch to other forms of action like small strikes and boycotts of companies run by what he called government hardliners backing Kibaki. “One of the purposes is to weaken the hardliners and strengthen the moderates,” Lone stated

Grumblings of a Bear Market
BusinessWeek - But such a bounce hardly signifies a recovery for stocks, according to S&P, which like BusinessWeek is a unit of The McGraw-Hill Companies ( MHP ). “Any multiday or near-term upturn should be considered as an opportunity to liquidate any long-term

Directors reach deal with studios
BusinessWeek - The deal between directors and the Alliance of Motion Picture and TV Producers, which represents studios, was lauded by top executives from eight major companies, including Fox, Paramount Photos Corp., The Walt Disney Co., CBS Corp., Sony

NYSE snaps up Amex, ending long rivalry
BusinessWeek - The Amex, which once hosted the likes of big-name stocks such as The New York Times Co. and The Washington Post Co., now trades generally smaller companies that are often too illiquid to meet the standards of bigger rivals. NYSE Euronext said it would

FDA: Cold medicines too risky under age 2
Philadelphia Inquirer - WASHINGTON - The Food and Drug Administration yesterday declared that over-the-counter cough and cold products were too risky for children under 2. The agency’s warning, aimed at parents and caregivers, has been expected for months. Drug companies in

Market Chatter — Corporate finance press digest
Reuters - LONDON, Jan 18 (Reuters) - The following corporate finance-related stories involving U.S. and European companies were reported by media on Friday: * The UK is expected to see a wave of corporate restructurings this year, turning it into the centre

Warsaw shares TFN at a glance outlook
CNBC - with PKO (Dziennik) - PGNiG may lose 600 mln zlotys on gas tariffs hike delay (Parkiet) - Bioton targets 15 pct of Chinese insulin market in 2008 (Parkiet) - Finance ministry targets budget surplus in 2011 (Rzeczpospolita) COMPANIES

AP Business NewsBrief at 2:36 a.m. EST
CNBC - BEIJING (AP) _ The London Stock Exchange opened a Beijing office Friday, stepping up its rivalry with U.S. markets to attract listings by fast-growing Chinese companies expanding abroad. The opening of the office came as British Prime Minister Gordon

URMC plans to break into the top 20
Rochester Democrat and Chronicle - UR is among the top 10 universities in the nation for royalty revenue from inventions it licenses to companies, taking in $51 million in fiscal 2007. UR comprises multiple colleges and divisions, including the URMC’s Strong and Highland hospitals

French Say ‘Fire Me’ and Sarkozy Listens
Baltimore Sun - To counteract the new protections for workers in France, companies will get more flexibility, such as longer trial periods for new hires. The government states the plan is a step on the way to simplifying labor laws. What remains to be seen is whether

BlueBay, Carphone Warehouse, Northern Rock: U.K. Stock Preview
Bloomberg - Jan. 18 (Bloomberg) — The following is a list of companies whose shares might have unusual price changes in the U.K. and Irish markets. Stock symbols are in parentheses after company names and prices are from the last close. The FTSE 100 lost 40.50

WGA, divide and conquer
Los Angeles Times - Because AMPTP actions have opened writers’ eyes wide to controlling their own work on new media, picketing writers enthusiastically meet with venture capitalists and on the internet media companies, already working for the future. All it takes are open eyes

Waxman Challenges White Home Emails Claim
CBS News - is to archive and store everything in a system that’s searchable for e-mail and kept in an orderly and organized way,” stated Rurik Bradbury, vice president of strategy for Intermedia, which runs e-mail systems for a quarter of a million companies. “In

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