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Thursday, 18 September 2008 |
 In the events of an economic downturn, what would be the likely choice for key decision makers when they want to cut down operational cost? For most corporations out there, wages is likely one of the biggest contributors to their operational cost.
According to history, companies would be likely to fire their workers rather than asking them to take a pay cut.
Just imagine this – companies are more profitable whenever they fire workers who under perform rather than asking them to take a 40% pay cut over their salaries. In fact, this might just be the right ‘opportunity’ to trim their workforce which does not perform up to standards.
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Friday, 12 September 2008 |
 The prospects ahead isn’t that bright after all, even though the Bush administration has announced a $700 billion rescue plan and President-Elect Barrack Obama would further inject another $500 billion to help stimulate the economy.
Economists reported that developed nations have in fact slid into economic recession and the next year wouldn’t be bed full of roses either as the GDP is expected to under perform.
On the other hand, investors continue to sell stocks at hand, fearing that the stock market will be bearish for the next couple of weeks.
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Saturday, 06 September 2008 |
 President-elect Obama stated that his primary objective once he steps into office would definitely to focus his entire attention into rebuilding the economy. Generally, US leads the largest economy in the world, there are simply so many areas which he could focus on.
So what does the business leaders wants from Obama?
Finance?
Taxation?
Energy?
Technology?
It wouldn’t be honeymoon for the President-elect as he would be fighting fire with a little hose.
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Monday, 01 September 2008 |
 ASUS continues to introduce more laptops into the market despite weaker spending by consumers. Their latest additions to their range of laptops are the ASUS N80V and N50V.
Generally both would utilize T9400 / P8600 / P7350 Intel Core 2 Duo CPU, can support up to 4GB of RAM, comes with NVIDIA's GeForce 9300M GPU with 512MB of VRAM, 320 GB hard disk.
Price and availability has yet to be unveiled by ASUS.
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Thursday, 25 September 2008 |
 It’s the holiday season and with thriftier spending from consumers due to the forecasted recession ahead, Walmart and Kmart has announce a Black Friday to help increase consumer spendings. The Black Friday would be held today on Saturday November the 8th.
Some of the items that were slashed in price were Compaq CQ-139WM for $298, PS2 for $129, PS3 for $399 and 32-inch Sylvania LCD HDTV for $439.99.
Head to their stores today! It’s Black Friday!
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Wednesday, 20 August 2008 |
 Since the US economy is heading into a forecasted recession, we could already see that the job market is ultimately slowing down. US jobless rank has already hit 10 million and the prospects of mid-aged workers are being targeted.
The unemployment rate soared to a record high 6.5 percent which is a 14-year high. With an ailing economy, automakers are also feeling a huge pinch to their cash flow with several billions already spent to keep them afloat in the economy. |
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Friday, 15 August 2008 |
 US automakers namely, General Motors, Ford and Chrysler has recorded billion dollars losses due to weak auto sales nationwide as well as slower sales overseas due to lesser spending by the general public.
The US government has stepped in to help bail out these automakers by offering a $25 billion dollars fast track bailout plans.
It’s inevitable that the nation might hit recession sooner that we think. Let’s just hope that Obama could revive such fragile economy when he steps into office January next year.
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