Economy Thawing as GDP Expands

Now that the long, cold winter is fading into the past, spring is bringing warmth as well as growth to the US economy. According to the government, the US economy saw 4.6 percent annualized growth during the 2nd quarter of 2014, compared to a 2.1 percent slowdown in the first quarter. Analysts expressed optimism that the data bodes well for the economic growth for the rest of the year.

The announced GDP numbers were even better than that predicted 4.2 percent growth projected one month ago. The new data reflects improvements in business investments and exports. Analysts at JP Morgan foresee a 3 percent growth in GDP in 2015, a serious improvement over the growth rates of previous years which hovered in the vicinity of only 2 percent ever since the recession ended in June, 2009.

Policymakers at the Federal Reserve made a decision last week to keep an important short-term interest rate close to zero, close to record lows, for a “considerable time” into the foreseeable future.

Alibaba Opening Doors to US Investors

The excitement on Wall Street is becoming palpable as investors, analysts and observers watch carefully what magic the Chinese on-line giant Alibaba is going to create when it launches its initial public offering. Some are saying the stock-offering will break records as it ventures to expand its already huge role as a global company looking…

Dangerous US Volcanoes Not Monitored Well

According to a government report, the US is much more vulnerable to volcanic disasters even than Iceland, and yet is failing to monitor the threat as needed. The government report, issued by the US Geological Survey, sited 169 active volcanoes in the US- almost one third of them classified as ‘serious threats.’ Of those 55…

Low Profit Margins Do Not Always Mean Low Profits

A survey conducted by the financial information company Sageworks revealed US industries with the lowest profit margins over the past 12 months. The company examined over 1,000 industries and discovered that the vast majority of sectors are showing positive profit margins, while the most profitable industries have two digit margins. Profit margins are a good…

NABE Survey Feels Good About Economy

According to a survey conducted by the National Association of Business Economists, most economists believe that the Federal Reserve is “on the right track” with its programs to repair the US economy. The NABE survey, which was released on Monday, also showed that a majority of economists believe that there is only a small risk…

Survey Shows Businessmen Lax on On-line Security

According to a poll conducted by Swivel Secure, 74.2 percent of business owners either write down or otherwise record off-line their collection of passwords. That means that a vast majority of heads of companies have their passwords saved on post-it notes or Excel documents, perhaps not the best way to maintain security of websites. The…

Regulators Warn Consumers of Risks of Bitcoins

Virtual currencies such as Bitcoin are coming under increased scrutiny by federal regulators as their popularity continues to advance, triggering a cautious reaction from officials. The Consumer Financial Protection Agency announced that they will begin to take grievances by people who utilize currency-like products such as Bitcoin and internet exchanges where these forms of money…

Ethiopian Business Leaders Visit Houston

In a friendly prelude to the upcoming US Africa Summit, the Fourth Ethiopian-US Business Form took place in the Texas city of Houston. Leading the delegation of Ethiopian businessmen was President Mulatu Teshome. President Teshome stated that he believes an excellent business climate has been created not just for Americans, but for investors from other…

Former Toys R Us CFO Louis Lipschitz Dies at 69

Louis Lipschitz, the man who played a key role in keeping the finances of the giant toy company Toys ‘R’ Us strong, passed away at the age of 69 after a brief illness. As the chief financial officer of Toys ‘R’ Us, Lipschitz led his company from 300 stores and annual sales of less than…

Japan Reverses Fifty Year Defense Sharing Ban

In a move which represents the first defense technology transfer since they relaxed their military export rules last April, Japan has given the go ahead for the export to the US of a locally manufactured part for a missile defense system. Japan also will pursue a joint research project with Britain on technology for air-to-air…