Oil prices dropped below $91 per barrel this week, mirroring the falling stock markets as economic outlook takes a turn for the worst. According to BusinessWeek, “Benchmark crude was down 59 cents to $90.78 a barrel by midmorning London time in electronic trading on the New York Mercantile Exchange. The contract dropped 56 cents to… Continue Reading
Carroll County Times’ Mark Luterman recently wrote an article discussing the most successful entrepreneurs in today’s economy. He explained that the best business owners thrive because “they see challenges as opportunities.” Most entrepreneurs do not, however, and their responses are often detrimental to their businesses. Luterman offers three tips: When you’re mentally paralyzed with fear,… Continue Reading
USA Today’s Rhonda Abrams recently discussed a common problem among small business owners- the addiction to business adrenaline. Of course, the ability to handle crisis situations and challenges is a must when it comes to management, but Abrams claims the thrill may actually push entrepreneurs to create their own obstacles. She lists a few ways… Continue Reading
Yes, the economy is in the doldrums and all that, but it doesn’t mean some great companies with good business sense can’t succeed, even in a downturn environment. Down in the Sunshine State in Fort Myers, two entrepreneurs have been controlling the pests in Lee County, Florida, on their own for the past five years,… Continue Reading
Christine Lagarde, Managing Director of the International Monetary Fund, has warned about the United States’ fiscal conditions numerous times. Her most recent discussion took place at the Asia-Pacific Economic Cooperation Summit in Russia, where she explained that the nation’s tax increases and spending cuts are likely to have significant negative impact on the global economy.… Continue Reading
Recently, twenty impressive women including Inger Rood were honored at an awards breakfast on September 6th at the University of North Florida University Center. They were the Northeast Florida 2012 Women of Influence honorees and were recognized for their achievement in business and their involvement over the past year with the Northeast Florida community. The… Continue Reading
Ben Bernanke, the chairman of the Federal Reserve, was in Jackson Hole, Wyoming on Friday discussing the intentions of the Fed to help the faltering US economy. Still undecided about another round of quantitative easing, Bernanke did not announce bond buying by the Fed to stimulate the economy, nor did he rule it out. Labeled… Continue Reading
Economists are preparing for the announcement by the Institute for Supply Management’s announcement which will show whether or not the US economy is in fact growing. The analysts are predicting that the ISM rose slightly from July to August, reaching 52.8; a slight increase from the 52.6 July figure. This analysis was based on a… Continue Reading
Emerging economies and numerous crises have shaken most, if not all of, the world’s economies today. Evaluation of size and growth varies greatly amongst analysts, while GDP is measured with two different approaches- nominal GDP and purchasing power parity or PPP GDP. The latter considers the dollar’s buying capabilities in different countries, thereby providing a… Continue Reading
The ranking member of the Senate Budget Committee is not happy with the national debt, not with the direction that debt is heading. The United States Treasury reported on Tuesday that for the first time in US history the debt exceeded $16 trillion, an increase of $5.4 trillion since President Obama came to office on… Continue Reading