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pryvateer.news
pryvateer.news : Global online news portal for business success. Provides daily information on economics (and a little politics) necessary to identify and act on global business opportunities.
JOBS are going begging, with employers hunting for a record 166,900 workers.
There is now one vacant job for every 2.8 unemployed people, according to the Australian Bureau of Statistics.
The heat of the jobs market is keeping economists and employers alert to signs of excessive wage increases.
However CommSec chief economist Craig James yesterday said there was still no evidence of this.
“While
the job market is healthy, there are still no signs that wage pressures
have intensified,” he said. “The increase in the supply of labour,
coming from increased participation locally and migration has been
enough to offset the increased demand for workers.”
The job
vacancy figures underline the renewed strength of the NSW economy,
where employers are looking for 51,900 workers, a 24.5 per cent
increase from a year ago
8:32:36 AM comment []
THE Australian dollar is set to remain at high
levels for the remainder of the year, and could be fetching almost
US90c by Christmas.The currency is
having a boom year in 2007, with all the flags in favour of it marking
new 18-year highs over the next six months.
Ongoing expectations of an interest rate rise in Australia, softness
in the US economy, a commodities boom driven by demand from China and
India are just some of the fundamentals combining to support the unit.
Meanwhile, rampant carry trade activity - where traders selling
low-yielding Japanese yen to buy high interest rate currencies like the
Australian dollar - is set to continue, creating in a solid floor for
the unit's advance.
With a +9% plus economic growth, rising stock prices and many people
becoming richer, Indians should be getting happier, more fulfilled, and
feeling better about life, right?
No. On the contrary, India,
along with Pakistan and Egypt figures near the bottom of the table of
nations, as per the first survey to rank nations in terms of
prosperity. The three countries are better than only Zimbabwe.
The
survey by Legatum, a privately owned Dubai-based international
investment firm, through its Legatum Prosperity Index, saw a three-way
tie between Norway, Sweden and the United States for the title of the
most prosperous nation.
“India’s low position may seem puzzling,
given the country’s achievement of democracy and Indians’ oft-noted
spiritual strength,” says Legatum, in a press release. But these
strengths, it seems, cannot make up for an extreme deficiency
in health. “Health is the second-strongest determinant of life
satisfaction, trailing only freedom of choice, and India has one of the
three lowest values in our study,” it explains.
8:19:29 AM comment []
China’s subsidies for exports, barriers to imports, a phenomenal
savings rate so high there is a totally distorted consumer economy,
corruption so widespread it is an economic factor, politicized lending
for bankrupt state-owned enterprise, giantism in premature
infrastructure, a skyrocketing military expenditure, an overload of
mammoth foreign exchange holdings, a collapsed tax system, regional
boondoggling out of the center’s control, a falling rural standard of
living, etc., etc., have despite its rapid GNP growth created a totally
distorted economy hurtling toward crisis.
8:02:07 AM comment []
Our bodies work like our small businesses. They work best by word of
mouth, networks, referrals, etc. The Internet also works this way to
serve the most good thru networks, portals and referral links; of
course the Internet could work better, but all in all we are well
served by using such systems and we are most hurt when those systems
are used against us. For instance a virus in the blood stream, an
International Terrorist in an airliner, a drug dealer in your
neighborhood or a computer virus which worms its way through your
system doing its dirty deeds like the evil doers or an evolving organic
virus on our bio-systems.
7:59:32 AM comment []
Branding is a monumental part of growing a business.And
while I don’t have massive amounts of experience with developing
brands, I do have a great deal of experience with promoting companies
and brands online through press releases, articles, web copy, etc.
From an internet marketing perspective, I’ve
worked with many brand names that are disastrous to promote and some
that are sheer joy.
Here are some points to ponder about how your brand name may hold up in terms of online promotion.
Brand Names and Press Releases
The title and summary of a press release are where the most messages are conveyed.Most people will only
see either the title or summary and will never click through to read
the entirety of the content so I feel it’s important to include the
company (brand) name in one or both of these areas.
According to Communications Consulting Worldwide (CCW), if Wal-Mart were to have the brand reputation of Target,
then its stock price would increase 4.9% and its market capitalization
would increase by $9.7 billion. CCW also estimates that if drugstore
chain CVS had the reputation of its chief rival, Walgreens, then CVS’s stock would increase by 6.9% and would add $3.9 billion to its market cap.
Whoa!
It’s no secret that a strong brand reputation has a halo effect
within the consumer marketplace and financial marketplace. What’s new
is the ability to more precisely measure a brand’s reputation in order
to predict how changes in brand’s reputation will impact the company’s
stock price.
In this MUST-READ BusinessWeek article,
we learn that CCW has constructed a model which is able to link the
positive/negative attributes of a brand’s reputation to the rise/fall
of its stock price.
Even with the average CEO pay in the millions, 2006 can be viewed
as the year when many local companies right-sized the money pile.
Based on the Business Courier's annual analysis of local executive
compensation and how it ranks against company performance, more
Cincinnati-area CEOs were considered fairly paid in 2006 than in the
previous two years. Of the 41 public-company CEOs, 27 ranked as
appropriately paid. That compares with 18 CEOs in 2005 and 20 in 2004,
the year we launched our "bang for buck" evaluation.
The law, passed in 2002 to clean up corporate America's act, still
has some provisions yet to take effect for small companies. But those
companies are scheduled to join the compliance crowd at the end of
fiscal 2007, a time frame that has Congress still debating how to
handle the law's rigors.
As a business owner and as an individual, there are various types
of IRS audits that you might face. While an audit notice from the IRS
is often intimidating, it is important for you to understand what
triggers audits, the types of audits and your rights in addressing an
audit.
Ian Sobieski has this to say about new legislation that would
create tax breaks for angel investment and a federal office to promote
it: If it ain't broke, don't fix it.
The angel investor and managing director of Band of Angels says
he's "nominally in favor" of the $250,000 proposed tax break proposed
for qualified angel groups introduced June 25 in the U.S. House of
Representatives. But he's against creating a layer of bureaucracy that
will use tax money to create more competition where it's not needed.
Some local venture capitalists have zeroed in on one more way to
maximize their returns -- invest in a proven technology, from a proven
corporation.
During the past year Atlas Ventures has invested in two spinout companies. Atlas, which was joined by Matrix Partners and Polaris Venture Partners in the deals, has found that spinout companies take more time, but present less risk in the long run.
The Small Business Administration's
venture capital programs would be streamlined and expanded under
legislation approved this week by the Senate Small Business and
Entrepreneurship Committee.
The Small Business Venture Capital Act reauthorizes the Small
Business Investment Company and New Markets Venture Capital programs
through 2010.
"There is no security on this earth. Only opportunity."
Entrepreneurs would do well to heed the words of Gen. Douglas MacArthur--and to dive into the following package of stories
on risk and how to deal with it. We tackle everything from digital
threats and porous insurance policies to hospital horrors and casino
strategies. We also examine why we misperceive risk--and even unearth a
refreshing upside of failure.
Enjoy the package. And remember: While managing risk is smart, security is for wimps.
7:07:39 AM comment []
If everything goes right this week for recently retired National
Guard Reservist Dave Krasner, he, his wife and four children won't lose
their house.
Back in 2004, when Krasner was shipped off to Iraq,
he left behind a nine-month-old technology consulting franchise. The
company was off to an auspicious start, landing contracts with several
hotel chains in only a few months. But with Krasner gone, things
unraveled and the company was forced to abandon projects and lay off
technicians; worse, Krasner and his wife couldn't pay their bills
during his leave, and their credit quickly deteriorated.
When he
got home, Krasner applied for a Military Reservist Economic Injury
Disaster Loan (MREIDL)--funded by tax dollars and aimed at helping
businesses that suffer from the sudden absence of a key employee called
to active duty. Thanks to a processing glitch, he missed the 90-day
window for filing his application. And with his credit in shambles, he
was unable to secure other financing.
