Tag Archive | "recession"

The iPhone App Created For Entrepreneurs - An Interview With Kadence Creations' Founder, Craig Stluka

The iPhone App Created For Entrepreneurs – An Interview With Kadence Creations’ Founder, Craig Stluka

What is the name of your business and URL of you APP? The company name is Kadence Creations, LLC, and the name of the iPhone app is MLMipedia Pro. The website is www.mlmipedia.com A brief synopsis of the smart phone app Or A short bio of your company : MLMipedia Pro is a smart phone [...]

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Value-Based Intellectual Property Law Firm

Value-Based Intellectual Property Law Firm

It was very clear that there were two sets of values in the law firm: Ours and Theirs. Nobody was going to change and the company was split in two very different directions. So, we packed up our bags and our Values and walked out to start our own Firm. The recession was in full [...]

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The small business recession continues . . .

The small business recession continues . . .

What recovery? Making the rounds below the radar are the November 11 comments from the ever-wise Jan Hatzius, senior economist at Goldman Sachs, about how the current “recovery” statistics don’t include much of the small business picture, particularly small businesses shutting down. Today’s comment attempts to gauge whether the recent official estimates might have overstated [...]

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The Roundup September 29

The Roundup September 29

For the real estate agent, it’s a “starter home.” For the seller, it’s a “fixer-upper.” For the buyer, it’s a “pile of crap.” If they can agree on a price, for the statistician, it’s an “outlier.” Here endeth the statistics lesson. Housing prices have gone up for the third straight month! Unless, of course, housing [...]

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So what exactly is a reverse repo and why should I care?

So what exactly is a reverse repo and why should I care?

Don’t panic! I’m an economist! Last week, Ben Bernanke announced that the recession maybe just possibly could be there’s a chance cross your fingers might be over. Unless, he added, maybe just possibly could be there’s a chance the recession might not be over. Today, news leaked that the Fed is drawing up plans to [...]

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Costco as a startup

Yesterday, stock analysts upgraded Costco stock to “Outperform” as the warehouse discounter goes gangbusters in this recession (well, gangbusters is a relative term when everyone else is losing money). CNN has a must read interview with Costco founders Jim Sinegal and Jeffrey Brofman, who go into great detail how they started the company with their [...]

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The Roundup September 19 & 20

The Roundup September 19 & 20

Why the stupid grin? Because I still have my job. So there. It was an Onion kind of week in the wacky world of business news. As Voltaire once said, “If The Onion did not exist it would be necessary to invent it.” Well, not really, but here’s just a few of the more Oniony [...]

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The Roundup August 21

And in genuinely good news for the economy . . . Sales of previously owned single-family homes were up 7.2% compared with June and 5% from July 2008, The National Association of Realtors (NAR) reported Friday. The monthly gain was the largest on record for existing-home sales, which NAR has tracked since 1999. (“http://money.cnn.com/2009/08/21/real_estate/home_sales_rise_in_July/index.htm?postversion=2009082114,” CNN [...]

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The Roundup August 17

It may not be “business,” but it’s not like there’s any news on Fox News, either. The News Corporation needs television viewers to find the Fox Business Network, and it thinks the cowboy-hat-wearing radio host Don Imus could help. . . . So far the upstart’s audience is measly. Nielsen Media Research estimates that in [...]

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The Roundup August 5

Repair rather than replace. While not recession-proof, small business contractors, electricians, plumbers and even car repair shops seem to be weathering the latest economic downturn somewhat better than other businesses. It may not be time for an employed repairman to strike out on his own, but those already established in business are finding ways to [...]

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The Roundup July 31

The Roundup July 31

They’re having a great recession on Wall Street! The big bonus was for scamming the Bush Administration. Nine banks that received government aid money paid out bonuses of nearly $33 billion last year — including more than $1 million apiece to nearly 5,000 employees — despite huge losses that plunged the U.S. into economic turmoil. [...]

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The Roundup July 29

The Roundup July 29

Not only does it make a great tax, it’s pretty cool as a state flag, no? Nothing says “tax me” like a good joint. Oakland pot activists, fresh off a victory at local polls on the taxing of medical marijuana, took their first official step Tuesday toward asking California voters to legalize pot. A proposed [...]

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Why CIT matters

Why CIT matters

Where the CIT failure will be felt first . . . In the grand guignol of faltering banks, CIT, which ranks 26th in size, seems little more than a sideshow in the wholesale slaughter of giants like Lehman, Bear Stearns, and WAMU. It’s imminent demise, despite its desperate, last minute loan of $3 billion, however, [...]

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The Roundup July 20

The Roundup July 20

I hear they’re hiring at CIT. The good news first? The bad news isn’t as bad as we thought. More plans to build homes, higher stock prices and fewer people filing first-time claims for jobless aid sent a private-sector forecast of American economic activity higher than expected in June. It was the third consecutive monthly [...]

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The Roundup July 18 & 19: The Week By The Numbers

The Roundup July 18 & 19: The Week By The Numbers

“Why, oh, why did I pick the BLUE pill?” Zero The amount of further bailout money the Obama Administration made available to CIT this week. CEO Jeff Peak first tried washing Presidential motorcade windshields, but has now taken to standing on a street corner with a cardboard sign. Face it, friends, everything’s over at CIT [...]

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The Roundup May 29

The good news first: the bad news is not as bad as we thought. Revised commerce department figures showed on Friday that US gross domestic product declined by an annualised rate of 5.7 per cent in the first three months of the year, compared with last month’s estimate of 6.1 per cent. The decline was [...]

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At Burt’s Bees, the recession never happened

I have been following Burt’s Bees closely as a marketing professional since 1999 and, I’m happy to say, did a biz analysis of the company in 2004. Today’s LA Times is the first newspaper outside of North Carolina to realize that the recession seems to have had zero effect on the company’s sales and it’s [...]

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The Biz Roundup January 8

Seven-point-two The economy lost 2.6 million jobs in 2008, government figures showed, the most since World War II ended in 1945. Nearly two million of those losses were in the last four months alone, a sign that the recession accelerated as the financial crisis intensified, and should drag on well into the new year. Meanwhile [...]

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Why are we trying to stop the slide in home prices?

Tim Cavanaugh in this month’s issue of Reason states the obvious about the housing market (“House of Pain”). We all knew that housing prices had gone way, way out of control, particularly in markets like mine (Los Angeles), where people were buying small fixer-uppers-just-to-make-them-a-fixer-upper homes for nearly half a million dollars. The type of homes [...]

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The Biz Roundup January 3

We never see a headline about a breadline today. In the midst of the deepest recession in the experience of most Americans, many professional forecasters are optimistically heading into the new year declaring that the worst may soon be over. For this rosy picture to play out, they are counting on the Obama administration and [...]

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