By Martin Crutsinger – Huffington Post
WASHINGTON — Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government’s Cash for Clunkers auto sales program. Incomes, the fuel for future spending, were flat.
While the government reported that the overall economy grew in the July-September period, signaling the end of the worst recession in seven decades, the weakness in spending and incomes as the quarter ended underscores the fragility of the recovery.
Another ad for a college education
Two accused burglars in the US who covered their faces with permanent marker as a disguise were arrested soon after an apartment robbery with their faces still blackened.
Read Hilarious Article.
Governor Arnold Schwarzenegger’s California Recovery Task Force today announced that more than $156 million in American Recovery and Reinvestment Act (Recovery Act) funds are now available for application for energy efficiency and solar projects in California. A package of options under the State Energy Program (SEP) and the Energy Efficient and Conservation Block Grants (EECBG) Program offer local jurisdictions, non-profits and private organizations the opportunity to invest in energy efficiency and photovoltaic energy projects – while helping to stimulate their local economies. Governor Schwarzenegger announced that California was the first state in the nation to apply federally for SEP funding available under the Recovery Act.
The Small Business Administration has raised the limits for 504 and 7a programs, along with relaxing some requirements. Since the SBA doesn’t actually make the loans (banks do) and doesn’t have to service them or carry them on their books (banks do), it remains to be seen if this will launch a renaissance in small business lending or is just another feel good photo op.
I’ve found wrestling often acts as a carnival mirror to our culture, stretching and magnifying the underlying fears, prejudices and tension points amongst us. However, I think wrestling provides all sorts of learning that corporate America should pay attention to as well.
Ashley Qualls is an accidental entrepreneur. Her website, Whateverlife.com, which she set up in 2004, was created mainly as a way to share her custom MySpace.com templates with friends and family.
Frank Lloyd Wright’s Fallingwater home is iconic and it is now opening its doors to overnight guests (sort of).
Fresh raw almond milk is delicious, healthy, unprocessed, and economical. There is no waste, no unrecyclable plastic-lined tetra-pak boxes or cartons to put in landfills and drink BPA out of, and this tastes much, much better than storebought.
“You need a brand makeover when the marketplace tells you so directly: Sales are slowing and market share is shrinking,” Adamson says. “But it’s often too late to change things when they are really off. You have to catch it just at the tipping point when things are going great, but the increases are diminishing and momentum is giving out.”
2009 UN World Drug report – The Big Picture – Boston.com.
The 2009 United Nations World Drug report, released earlier this year, notes that 2009 marks “the end of the first century of drug control (it all started in Shanghai in 1909)”, and that the illicit drug market worldwide has now become a $320 billion-per-year industry. As drug-related violence in Mexico appears to continue unabated, and crackdowns in Afghanistan are being made against its massive opium crops, new efforts are also being made worldwide in methods of enforcement and treatment of recovering addicts. Collected here are a handful of recent images from the rough world of illegal drugs across the globe. (37 photos total)
I’ve said it once, I’ll say it again: Nothing good can come of teaching bears to ice skate.
We just ran across this issue with one of our clients, so I thought this would be good information to pass along. Note that the ‘good will’ limitation was $250,000 or 50% before, so this is a big policy change.
As always, all SBA deals are done according to individual bank policies so it remains to be seen if this change will actually help someone.
Effective Oct. 1, good will and other intangible assets can amount to up to $500,000, with no limit on the percentage of the loan. When intangibles exceed $500,000, the S.B.A. will recommend that banks limit the S.B.A.-backed loan to 75 percent of the purchase price.
This meeting took place between Hank Paulson, then Treasury Secretary and the Board of Goldman Sachs, in Moscow, in secret. This was two months before the collapse and subsequent bailout.
Goldman Sachs was a hugely powerful for-profit investment bank, and there he is, giving private chapter and verse on his opinions about the US and global economy, talking about internal Treasury matters, and previewing an upcoming (and surely market-moving) speech. All in secret, at a “social event” which somehow got kept off his official calendar.
Testing a user interface
When brand control becomes damage control:
“Scantily clad gyrating women” who give lap dances to men on your company’s dime can damage your brand within seconds.
For a sample of the outrage, click here. Especially entertaining are the dozens of Twitter posts.