Saturday, December 4, 2010

Franchise Your Business

For the enhancement of business, people are looking for "how to franchise your business or how to franchise my business". It is the fact that franchising your business is the fastest way to grow the business with great profit.
For franchising your business, you have to hire a person who will take care of your business with proper knowledge and responsibility. The person is known as franchisees. The proper training is provided to that franchisee so that he can understand your product and strategies of the business properly.
Now, there are several advantages of buying a franchise, these are:
- A franchise system is the best way to take the brand name of your business at top of the hill. It is already proved that it is the best way of generating profits at low budget. You can indulge in this business even if you have weak skills in sales and marketing.
- When you buy a franchise you get a great opportunity of dealing with minded entrepreneurs who help in improving your business skills.
- Dealing with established franchises help in improving the brand names as they have great awareness about the current market scenario.
- You can easily hire good employees which is a great factor for the success because employees make the business not business makes the employees.
So, these are some facts about buying a franchise. If you have not thought in this way yet then start thinking about this and grow your business at a faster scale.

Tuesday, November 30, 2010

How to start a small business - the fastest way to profits actually




If you learn how to start a small business, you will probably learned quickly that you face a roadblock, the lack of capital. Or simply - there is very little money available to start your new business.

If you are not rich or accumulated significant assets and want to start a business, you need to start small and slow, and build your business as your profits allow. This process takes time. No windows, no employees, no inventory, etc., etc. To start a small business with limited start-up capital, you must be flexible to the business model must be simple, and the plan must be profitable. My top 3 choices are e-commerce, affiliate marketing and online commerce.

The beauty of this business model are, apart from their inherent simplicity, is that the start-up capital costs are incredibly low! If you can afford a Starbucks coffee occasionally, you can make sure your own profit can create potential for profit is unlimited venture.The, and you can be working in business, an incredibly short time! If you have a PC and access the Internet, then you can begin to profit with your very own internet marketing project, literally within hours in start
small business.

Saturday, November 27, 2010

Bestbuy Promo Deals And Offers

Bestbuy of running and visiting shops in your city? With this evolving technology, now, buying your things has become as easy as ever. Today, most of the electronic gadgets are available online which can be bought with just a click in minutes. In this era of technology, day-by-day, new electronic gadgets are being made which not only save your time but also reduce labor. These gadgets include mobile phones, home appliances, computers etc. Many enterprises have come out these new ideas of selling their electronic items through their websites.

Get-for-free understands the value of time. It has many things to offer in their website. It has got many deals for the online customers. One of them is a best buy coupon. This coupon can be bought online and used to buy electronic goods online with a reduced price and hence, money and time, both are saved. At any time, a best coupon can be bought online here. Exchanging coupons with goods for lower price is a fast and convenient method of shopping. Apart from electronic goods, educational materials, health and beauty related materials; foods and drinks are also available online with a minimal rate. It also provides auto insurance quotes and diabetes meter.

These best buy coupons carry a promo code for a particular item to be bought. With the help of this promo code, items can be bought in a discounted rate thus saving a little money. This is one of the best ways to attract a large number of customers. So, next time when you plan to buy the latest LCD television or mobile phone, then eagerly come forward to Get-For-Free and shop without a worry and financial restraint. For better satisfaction, you can compare price of the items you are going to buy online, and finally purchase it with the Bestbuy.

Sunday, November 21, 2010

RBI and REC Under Profit Pressure

Reed Elsevier held its AGM last week. In summary, the management bragged that 80% of their profits came from the professional information business which, whilst not immune to the downturn is nevertheless pretty robust.

By contrast the marketing driven businesses, RBI and Reed Exhibitions are having a very rough time indeed. These are direct quotes from the Interim Management Statement;

Reed Exhibitions: Budget pressures on promotional expenditure are leading to reduced exhibition space sales and a decline in paying delegates at certain shows. Attendances are showing encouraging resilience. The revenue pressures, together with the net cycling out of biennial shows this year, will result in revenue decline and lower adjusted operated margin against an exceptional year in 2008. Of most significance to date are the reductions in size of events in the property and retail sectors. The cycling out of biennial shows will particularly affect first half comparisons.
Reed Business Information: Advertising markets are being significantly impacted by the global economic downturn across geographies and sectors. Subscriptions and other user revenues, which now account for over 50% of the business, remain relatively robust. In this difficult environment, the focus in RBI is on right sizing the cost base to match reduced revenue expectations. Adjusted operating margins will be lower, as the impact of the revenue decline can be mitigated only in part by the significant cost savings from restructuring and other cost actions.


The last sentence is interesting isn't it? Trading is so bad that not even the cost cuts can offset the decline. What if it turns out to be true, that this year is not the nadir of the downturn for business media, but the best year we are going to see fro some time to come. B2B blogger, Neil Thackray has argued that a new model is required if the industry is to escape from its current malaise. It looks like Reed Elsevier may be looking at hard financial evidence that he is right.

New Reed CEO Ian Smith will already be forming a view about what to do. The failed sale process means that even though the RBI business is small it will be an obvious boil on an otherwise alabaster skinned face. Until it is lanced it will ooze pus at every presentation to analysts.

Saturday, November 20, 2010

United We Fall

You could argue that UBM has done a lot of things right. It has invested judiciouslyin some online,it has reduced its dependence on print and has a substantial events business. Even so,
Operating profit from print magazines dropped 77.9 per cent in the first of half to £3.3m, profit from events dropped 12.7 per cent to £37.8m and profit from data, services and online dropped 43.6 per cent to £16m.

According to Press Gazette, CEO David Levin thinks the world is over published and has already culled fifteen titles this year. More to come no doubt.

Oddly Levin claims that forward bookings for shows are up 5.9% but there is certainly a timing issue here. IN downturns, show sales teams get better on onsite contracting, but late sales all but dry up. It is not necessarily the case that good forward bookings now will lead to improved final bookings at show time.

This year has seen a drop in attendee revenues of 39% for UBM. I am hearing from many people that selling tables at awards evenings (another version of attendee pay events) is like selling hog roast at a Bahmitzvah. The recssion is long from over.

There is a growing realisation amongst b2b houses that sitting tight and waiting for the upturn won't cut it. What is not yet clear is whether they have yet calulated the vision for the business after the apocalypse.

Meanwhile following the collapse of the RBI sale, Reed Elsevier is raising cash through a placement. This will reduce debt but also be dilutive for shareholders. Mor importantly, with much of the Reed Elsevier business market leading and high priced, and the remainder in the same mess as the rest of them (RBI) it is not yet clear what Reed can do to provide the next generation growth. Reeds share price went backwards on news of the placing and has not really gone anywhere in some years. Its a blue chip stock. Reed Elsevier has less to worry about than many (it has manageable debt, lots of profit and stable revenues from information) but its challenge is that it won't grow fast when or if the recovery comes. So for different reasons, Reed has the same challenges as every other business media company.





Reblog this post [with Zemanta]

Monday, November 15, 2010

Small Business Credit


Building credit for a small business is quite simple. Businesses that plan ahead can still build up their credit history with the credit bureaus and acquire the financing that they require.
When you are attempting to build small business credit you should attempt to receive the loan from a major business credit reporting agency. The major credit reporting agencies for businesses include Dunn & Bradstreet and Experian. There are some businesses that say that they specialize in selling references or credit histories for businesses. The credit bureau will investigate these false credit files and will purge them from your credit history if they are discovered.
The best method to build small business credit is to first take out a small secured loan. Small business credit does not have grow overnight. A business that is successful will receive a better credit rating.
If one part of the business is failing, all parts are failing. Buying Products: Don't ignore the prospect of buying from other businesses. On one hand, you'll be able to source out which businesses sell the best products for your business, creating a trustworthy and lucrative partnership. Business credit reporting agencies will take their inside information and build your credit history based on their information.
The hardest part of running any business is establishing a good credit base and keeping that base solid. If you go through the proper channels and maintain a great credit history, you'll be able to keep your small business afloat and generate some great revenue.

Saturday, November 13, 2010

BusinessWeek MBA Rankings


Online education has been gathering momentum for some time. Now a well-regarded BusinessWeek MBA Rankings is planning an ambitious online venture that represents a new model for online education.
The Thunderbird School of Global Management (Thunderbird Full-Time MBA Profile) intends to announce its plans in the coming months, says President Ángel Cabrera. Thunderbird already has some experience with online education. Since 1998, Thunderbird has also offered live satellite courses to students in learning facilities throughout Latin America. Combined, the two programs have about 500 students enrolled.
As Cabrera envisions it, the partnership would allow Thunderbird to retain control over the educational experience, including curriculum and faculty, and make use of Thunderbird’s strengths in international business education.

Competition and Congressional Scrutiny

At first, Cabrera says, the partnership will offer non degree executive-education programs online. Based in Glendale, Ariz., Thunderbird operates at ground zero for the U.S. online education industry. Arizona State University in Tempe offers nearly 50 online degree programs while the private, for-profit Grand Canyon University and the University of Phoenix, a subsidiary of the Apollo Group (APOL), both operate out of Phoenix.
In 1998, the school had just 3,000 students enrolled in its online programs, says Brian Mueller, formerly chief operating officer and senior vice-president of the University of Phoenix online campus and now chief executive officer of Grand Canyon University.
Notwithstanding phenomenal growth, Brian Lindquist, associate vice-president of academic affairs and dean of the business school at University of Phoenix, maintains that online educational programs are still in growth mode. He says there’s plenty of room for Thunderbird.
For his part, Cabrera says he believes that Thunderbird’s strengths as a bastion of international business education will play well online.
Harvard Business School took this year’s number two spot, and the University of Pennsylvania’s Wharton School came in at third. Stanford Graduate School of Business rounded out the top five.
On a separate international ranking, INSEAD moved into the number one spot, followed by Canada’s Queens University, Spain’s IE Business School, ESADE (also in Spain) and London BusinessWeek MBA Rankings. Notably, the number of ranked schools more than doubled this year, with Bloomberg BW assigning a ranking to the top 75 schools

Friday, November 12, 2010

A small Business Success

I would now like to travel with you what I see as the foundation of the house, the success of small businesses or online.
Believe in your product or service
First, you must believe in your product or service. If you do not believe in him, you will have great difficulty selling the product or service to others. You must also have confidence in your ability to provide and promote your product or service. An old saying sums up the situation best: "Everything is possible for those who believe."
Aptitude for business
Secondly, you must have an aptitude for business. You'll also need the motivation to acquire at least basic skills and experience before you start your business. If you have been introduced as an electrician, but the house has no skills or training in this area, then you will almost certainly fail. However, if you are employed as an accountant and you like the job, then set up your accounting department should be a wise choice, with a greater chance of success.
Be responsible
Thirdly, you must be responsible for your customers. This is achieved through the commitment, you can keep and do not engage in misleading or deceptive. If you want to build long-term success in your home business, then you need to develop long-term customer satisfaction. When their needs are met, customers are happier than their own.
High-quality lens
The principle is that you must have a high quality product or service. This will be your best advertisement. of inferior products usually generate poor customer satisfaction. A dissatisfied customer can be very dangerous for your business. Usually, they say, on average, about fourteen other people who are so inclined to purchase the product or service based on experience that a person dissatisfied. Therefore, always aim for a high quality product or service.
Make a profit
However, it is not enough to have a high quality product or service. You also need a product or service that can generate enough income to cover all business expenses and give you a satisfactory wage. A friend of mine once said that businesses are only two things: customer satisfaction and profit. A simple statement but very true.
Sufficient initial capital
You also need access to enough money to create and manage your business, and sufficient income to meet your personal expenses during the startup phase. A major problem with many home and small businesses is that they can not get enough money to ensure their success. There's nothing more frustrating than to have a good idea to start with a limited budget, not being able to grow because of cash shortages and to see a competitor come in and steal your market.
Starting small
Another fundamental principle of home business success is that you start small. This will help to reduce overheads to a minimum until you are sure of your success on the market. For many of you, then go part-time, keeping your source for full-time income. When you can expand your business to full-time. This is a great way to minimize the risk of failure.
Be well organized
Successful businesses are organized at home. Have a system for monitoring expenditure and income. This level of organization in your company will help ensure that you provide your clients or customers with a quality product or service. It will also ensure you have sufficient information to maximize profitability and meet the legal requirements for storage.
Be prepared
Preparation is another important ingredient in the success of your business. This preparation includes being aware of laws and regulations affecting small, at home or online business in your region or country. Armed with this knowledge, you should be safe, unintentional violations of the law.
A business plan
Finally, successful companies at home have developed a global business. This is their path to success. He told them where to go and how we get there. E 'useful for comparing the actual performance than expected and you can make changes to lead to greater success. There are many useful software to help you with your preparation of
small businesses plans.

Wednesday, November 10, 2010

Tips for buying liability insurance for small businesses

Many small businesses operate without liability insurance, operating costs, but in the current economic climate, brought in the frivolous lawsuits against companies on a daily basis, which is a practice without liability insurance, very volatile. can often be the cost of defending a right without insurance, a small company grow in extreme debt or bankruptcy.Small business liability insurance can save a company from financial disaster in the long term and there are ways entrepreneurs can reduce their prices. take In addition to implementing a quality control of sound and a risk management program, there are many active companies can do to keep costs low business insurance coverage at a distance, including:# Shop around: read about corporate liability insurance coverage of the company, what is covered and what is not. political view, compare and book more insurers.
# Consider the contractor's policy (BOP): Instead of buying different types of insurance policies from different companies, the purchase of a package of measures. If you have insurance offer is available on the balance of payments, make sure you know what is contained in the reports. BOP, not all types of insurance. For example, protects professional liability insurance, also known as errors and omissions insurance, not organizations against claims of professional negligence and errors or omissions in professional work, usually included in the BOP.
# Ask a specialist broker, if the small businesses operating in a niche, there is often need specialized insurance to protect certain risks. Insurance broker will know what are the necessary guarantees for the company and know where to get the best deals.
# The companies in the industry: To understand what is needed for small business insurance, which other companies are looking into the industry. Recent research disputes and settlements companies in the same area. Talk to colleagues about their level of coverage. Using this information, small businesses can determine the average legal costs and settlement, to better assess the reporting of the quantities needed for their business.
While the costs can be expensive for the rescue of a company and its owners with insurance may be a little due diligence to help you find the best coverage at the best prices. Small business liability insurance not only protects a business owner and costly litigation, it is also a solid foundation for success. Entrepreneurs should invest time in finding insurance coverage and examine their own liability insurance needs. This can be done simply by talking with peers, associations or representatives of the insurance. After adequate insurance can be one of the most important steps an entrepreneur takes the company's survival.

Tuesday, November 9, 2010

look for money for your small business

Many entrepreneurs start times for the companies was a budget for the capital they need to see the entire $ 50,000 or $ 100,000 or more, and then demoralized because they have no idea where to find that much money. An alternative to the standard method of budgeting is to raise capital to break the task into a series of small tactics that can be used. I hope so, they have sufficient capital has to start your business.
First, take a look at what you make of personal resources without depleting your savings or damage to your credit card. It is important not to borrow, so go the other strains your finances. It is enough to create a business without worrying whether you will find the monthly payments on time stress.
Then take a look at both your suppliers and your customers. If you choose to finance capital for inventory purchases, may have one or more suppliers would consider the goods on consignment, at least for the first month you're in business.
With customers, is a clever tactic to give discounts for prepaying for goods or services. An example would be for office markets to offer prepaid cards to make photocopies or broadcast packets. You receive immediate cash flow when you need it most, how to start. The "Buy One, Get one free" promotion of the type you often see in supermarkets is a variation on this point. In fact, you have your customers buy more than usually found at some point.
Some companies, such as to make landscaping company, the plans for their clients, requires a deposit of 25% and 50%. This is a smart way to, in effect, creating capital for your business. And it reduces the risk of unethical by your business customers who did not intend to pay injured.
Some small companies are outsourcing not just the right furniture, accessories and equipment they need. The purchase of equipment is used, a great alternative. It is a resale market in most types of office equipment and furniture, items purchased by companies that reduced or upgrade to the new one. The savings can be substantial.
You could also consider offering, suppliers and even your landlord an equity stake in your company in exchange for a discount from what they typically charge. You might also consider shifting payments for several months while you get the money in your new business ramp. The only way to find out is to ask. Remember to have the hope of a provider, a long-term relationship with your company, they want you to succeed.

Friday, November 5, 2010

Venture Capital for SME growth

In recent years the attention of venture capital as a relatively challenging feat for most entrepreneurs and small business owners are considered. With a solid business model and a good growth strategy, it seems pretty easy, financial investment and support that are needed to stimulate the company to the next level was obtained. However, the past few months have certainly changed the face of venture capital, and it is important to understand the most effective ways to investors, given the economic downturn approach.
There are many small businesses have shied away from the concept of venture capital in recent times, for three main reasons. The first reason tends to be a general uncertainty about the economy is affected. With global financial institutions and domestic banks are in ruin as a direct result of the collapse reckless or risky investments, it is possible to find a good and solid investor? The last thing a company needs is an investor to fund promising and failing to deliver.
The second concern is that entrepreneurs tend to be in lately that the investment is probably not easy to obtain. Investors are clearly much more cautious approach to possible investment. This seems to encourage small business, their own assumptions about business model that can or can not be true. In particular, it is assumed that their activity is not likely to attract the interests of investors, and therefore it is useless to try.
The third problem facing entrepreneurs is the long-term viability of their business. Their plans and hopes more than just lost dreams? If you have any doubts or concerns about the future strength have their company, it is clear that investors see, the lack of enthusiasm and the pass. You have self-doubt should be carefully studied before a capital increase is being requested.
are venture capital as a concept has been around for at least several hundred years, but only in the last two decades that private venture capital investors have tried to invest in small companies. There are today some venture capitalists who have a legacy much more than a decade or two. For this reason, it is unlikely to try in a small business, financing by an investor, the generations of experience in venture capital received.
Ultimately, however, the potential to be considered investments in one or two aspects: the long-term viability and profitability of the business model. For this reason, it is essential for any company looking for venture capital, is to ensure the viability of their core business and has strong growth potential.
This makes sense because in a world where nothing can not be held companies for granted, regardless of their size or assets, it is essential that they not be fooled to think they have a profitable business in manufacturing. Every good investor, have experience and understanding to questions that bore to put in flower presentations and to establish exactly how the company is viable, is sound, it will be, and what evidence and research has been provided that support these facts.
There are facts, not fluff, in which investors are interested in and will be for exactly the same reason, so apply if the company for funding. To the interest of today, more than any other time, it is critically important for companies look at the nuts and bolts of their business potential, market research and facts that support their long-term plans and forecasts. Soon as they are then they have reached a closer to win the interest of a private investor or capitalist enterprise.

Wednesday, November 3, 2010

Working capital for small businesses

Working capital for small businesses is a key element in maintaining the daily operations of the business operation of the establishment of the new company to service and beyond. This form of debt financing is required to perform tasks such as staff recruitment of capable and competent staff to buy you in your goal, the success of the company, stock, buy the raw materials needed to perform to help make and produce marketable products marketed to, and finally on The financial gain. On a more technical working capital for businesses can be used as the operating cash that you will end up with liabilities under this definition of current assets of the company.
Working capital for small businesses to be available to ensure the sustainability of the company, feeding life into its cyclical operations. Not able to obtain sufficient quantities are used as operating capital causes the liability of companies with more weight than assets. From there, things can go downhill with other financial matters and realize in a bankruptcy case, face serious.
With the increasing number of small businesses or in urgent need of this service, it was the proliferation of credit card companies offer various types of working capital for small companies. In general, these types of available resources not used for the purchase of fixed assets investment, but mostly for advertising, debt and salaries. And to find the increasing availability of sources of working capital in terms of not only the physical location where you have an office in your area, but no matter where you are on the Internet using a This is not an argument to a pulp.
You do not have access to sufficient working capital for small businesses is a major obstacle in the path of growth and success. Without it, every company can realize their full potential in order to miss the opportunity or the possibility of expansion in the market and reach a wider range and variety of consumers. Taking advantage of resources but a high value would bring the company through their support for the development of strategic plans for profitable gain more profits, the continuation of an ongoing business relationship, the recovery of those at risk, or the removal of companies that went bankrupt.
The acquisition of working capital for small businesses is designed to be easy. In the application process, credit score and financial background checks can be avoided. It is not even a risk that one of your properties as collateral is not required. And faster, faster than you fill in a position in the details and respond to several conditions are met, the answer to your request for funds.

Monday, November 1, 2010

10 ways to make money online and earn money

The Internet provides opportunities for money to people with high computer literacy and skills to earn thrive in the online environment. There are a number of ways to make money online, but the ten best ways possible to make money online are:
Try to sell things on the web. This is the easiest way to make money online over the Internet. Sell products online through shopping portals online virtual auction sites, or setting up an online store in your own Web site offers an opportunity for great returns anyone any good to sell to potential customers online. This is ideal for generating the required level of revenue on a long-term and is the easiest way to make money online options available.
For those who can impress their photography skills anyone think it is an excellent way to sell photos online and earn money. There are many agencies present photos online that help you sell your photos online. These organizations offer incentives and income opportunities for budding photographers. The amount paid per download of these photographers after payment of the royalty rights to them. It is a very useful way to make money online if you have the skill set required.
Several forums have many visitors to their websites. These forums are dependent on regular contributions from members of the forum on the community lives and grows to keep talking. Since the message boards, popular will, it is likely that other members that are new to join the forum and get answers to their questions or contribute to the discussion. These forums will be enough for ads on their most active members that were posted on a regular basis by paying them a chance to earn some money.
Through various social networking sites, it is quite possible to earn money while going through the profiles of persons who are members of these sites are. Some social networks pay money to improve the user page impressions in its profile to attract more visitors. These sites also offer money for downloading and sharing photos, and referring new members on the social networking site. The money given to an individual depends on a pro rata payment structure setup of the website, which distributes almost half its advertising revenue to its members.
Fill out surveys is another way to earn money online. Fill in market research can be regarded as a very boring activity, but the possibilities of making money in this type of work are endless. There are thousands of groups online search, the benefits of your views and takes things in this process, you pay for your feedback. For each completed survey, there are certain points or money distributed to users. Once the limit money-winners will be affected, allowing the investigation team of users, the money or the exchange to take points for a certain sum of money.
Another good way to earn money online through blogging. The process of blogging users can make big money by them online in creative content on their blogs. There are two ways to approach this business blogs: one is to create your own blog and write all the content on your own. This is a painful process where you have to earn all the hard work to make money. The second is a blog where you write sponsored reviews on products for companies to promote their economic install. This blog pages you deposit money in a positive opinion on a particular product. This is to present one of the best online income opportunities.
The Internet provides the ideal platform for freelancers to earn money from providing services on the basis of their abilities. These can also talents such as writing, programming, graphic design and training. There are many places where buyers can have positions for a specific task and professionals for the mission to offer. The buyer chooses to transfer the service provider and assign the task to them. This is one of the safest ways to make money online and the site takes a cut of some of your services as a mediator for you took the job. It is more or less a win-win for all.
The three alternative ways to make money online to Paris, creating an online business, or playing computer games. Each option offers an additional option for income security and requires a different effort, things set in motion and produce the required amount of income for you.

Monday, September 6, 2010

Design Your Business Card to promote your business

In the event you are beginning out in the business world, chances are you are on a tight budget. When they first start endeavors, all of us finish up in a rut. Regrettably, between expenses and worker salaries, it becomes difficult to get the most out of marketing. While business cards can be expensive, it is simple to design them yourself. This way any little business can basically generate more clients, as long as they are computer literate.
The first thing to do when generating your custom business cards is to find affordable business card program. While most programs usually cost under $100, there's sites which will permit you to download a free trial. These trials are great for designing business cards, because you can try it out before you buy. Fortunately, the program lets you be as creative as you'd like to be. There's not only thousands of fonts to pick from, but you can also add pics and custom designs. Business Card Designer And has been a recent favorite, providing businesses with brilliant professional business cards.
Most businesses love the fact that business card program is simple and fast to make use of. After selecting an already made template, you add the necessary information, and print immediately. While this is a fast solution for a company that does not have much of a budget, it can still get expensive in the event you are looking for a large bundle. Designing your own business cards is great in the event you only need a few hundred every few weeks. Regrettably, once you get in to the thousands, it will cause more of a headache, than anything else.
In the event you are looking for a top notch color business card, designing the cards yourself is still an option. Program and business card templates can offer you thousands of creative selections. Color business cards may even be printed on any basic printer. However, in the event you are looking for quality, it may be imperative to buy a top quality printer. While an impressive printer is useful, one must also keep in mind that graphics on the screen may look a lot different on paper. It is important to pick simple graphics, which will look great no matter what.
Another additional tip for designing your own custom business cards is to be cautious with paper. Plenty of businesses tend to make use of the same generic batch, thus leaving you with an unoriginal idea. In the event you are already using a generic template, and do not have the budget to hire a printing service, you ought to pick a colorful or distinctive package of paper. This way you can still stand out from the crowd, even in the event you haven't spent plenty of money.
No matter how large of a business you have, designing business cards can be fascinating and refreshing. You are finally able to break away of the everyday business card and generate custom business cards of your own. As a result, you will no longer must worry about uninteresting another client. With the net becoming a brilliant gizmo for any business, it is actually feasible to design professional and outstanding business cards, even in the event you are moneyless.
Natalie Aranda writes on promotion and business development. In the event you are looking for top notch custom business cards, designing the cards yourself is still an option. Program and business card templates can offer you thousands of creative selections. Color business cards may even be printed on any basic printer. However, in the event you are looking for quality, it may be imperative to buy a top quality printer. While an impressive printer is useful, one must also keep in mind that graphics on the screen may look a lot different on paper.

Saturday, August 28, 2010

A Banking System We Can Trust

by Laurence J Kotlikoff and Edward Leamer

Forbes (April 23 2009)


Turn all financial firms into mutual funds.

Before throwing more money at Wall Street, let's understand what our financial system was supposed to deliver, what it did deliver and what price it charged.

The system was supposed to channel our hard-earned savings into the best real investments: new homes, offices, factories, equipment and research. And it was supposed to correctly price our assets.

It did neither. Instead, Wall Street morphed into a vast gambling enterprise, generating massive trades of existing securities without, in fact, raising the investment rate or growing the economy.

During the dot-com bubble, Wall Street funded all manner of silly businesses, and during the housing bubble, it put millions of people in homes they couldn't afford. This "expertise", which cost one-tenth of our output, was delivered by the best and brightest, with half of Harvard's graduating classes becoming high-class croupiers.

As for pricing assets, the stock market's been on a five-decade roller coaster, notwithstanding a relatively stable real economy. The market rose dramatically from 1950 through the mid-1960s. It then spent the next decade and a half falling through the floor. Then it rose like crazy in the late 1990s, crashed, soared and crashed again.

We need a financial sector but not one like this. Nor do we need Wall Street hitting us up for its gambling debts. What we need is Limited Purpose Banking (LPB), which would transform all financial corporations, including insurance companies and hedge funds, into mutual funds. They would, henceforth, be called banks.

Under this system, banks would never fail for a simple reason. They'd never hold any financial assets and they'd never borrow except to finance their mutual fund operations. Instead, they'd be limited to their legitimate purpose - financial intermediation. Under LPB, people, not companies, bear risk as their mutual funds do well or poorly.

A new Federal Financial Authority (FFA) - would rate, verify, supervise custody, disclose and clear all securities purchased, held and sold by LPB mutual funds. Private rating companies could stay in business, but no one would need to trust them ever again.

Banks would initiate personal and business loans (including mortgages), send them to the FFA for processing and then sell them to mutual funds, including their own. Loans would activate when sold, so no bank would ever have an open position.

All mutual funds would break the buck with one exception: cash mutual funds. These funds would strictly hold cash and be valued at $1 per share. Owners of these funds would write checks against their balances and never have to worry about a bank run. Fractional reserve banking and the FDIC would be history.

LPB would include insurance mutual funds. These funds would pay off based on the losses experienced by contributors. If losses are larger than expected, less is paid out per loss. Hence, LPB prevents insurance companies from insuring the uninsurable, for example, claiming they'll pay the same life insurance claims even if there's a plague.

All risk allocation arrangements can be run through mutual funds, including credit default swaps. Take a bank that markets the GE-Defaults-On-Its-Bonds-In-2010 fund. Under this closed-end fund, shareholders specify in advance if they want to get paid off if GE does default on its bonds in 2010 or paid off if GE doesn't default. All money put into the fund, less the mutual fund's fee, would be held in one-year Treasuries and paid out at the end of the year to the winning shareholders in proportion to their holdings.

Hence, Limited Purpose Banking can accommodate credit default swaps (CDS) as well as any other risk product. But what Limited Purpose Banking won't do is leave any bank exposed to CDS risk since people, not banks, would own the CDS mutual funds.

If such mutual funds sound revolutionary, they're not. Funds of this kind have been around for centuries. They go by the name "tontines", or systems of "pari-mutuel betting".

Limited Purpose Banking would enhance liquidity, since all funds would trade in the market even if their underlying assets are illiquid. It would permit the extension of as much credit as the public - which is the ultimate source of credit - wishes to provide by buying mutual funds that purchase household and business loans. And it would force banks to charge fees and pay their employees based on their mutual fund performances as determined by the market.

What LPB will eliminate is insider rating, free-riding on FDIC insurance, self-custody arrangements, no-doc loans, institutionalized gambling, me-now compensation plans, financial malfeasance and the possibility of future financial collapse. In other words, it would be a system we can trust.

_____

Laurence J Kotlikoff and Edward Leamer are professors of economics at Boston University and UCLA.

http://www.kotlikoff.net/content/banking-system-we-can-trust-0

Bill Totten http://www.ashisuto.co.jp/english/

Friday, August 27, 2010

Wikileaks

Three digital myths

by Christian Christensen

Le Monde diplomatique (August 09 2010)


The release of the Afghan War Diaries on Wikileaks, with stories published in The Guardian, the New York Times and Der Spiegel by agreement with Wikileaks, has made news around the world. Le Monde Diplomatique, in conjunction with Owni and Slate.fr, have also made the documents available online via a dedicated website. The security implications of the leaked material will be discussed for years to come. Meanwhile the release of over 90,000 documents has generated debate on the rising power of digital journalism and social media. Many of the discussions are rooted in what I call internet or digital myths - myths which are rooted in romantic, deterministic notions of technology.

Myth 1: The power of social media

Media experts and commentators are commonly asked what the Wikileaks case tells us about the power of social media in contemporary society, particularly in the coverage of war. There is nothing wrong with this question, but it does illustrate a troubling tendency to place all forms of social media (blogs, Twitter, Facebook, YouTube, Wikileaks) under the same huge umbrella. The myth is that social media are homogenous by virtue of their technologies. But Wikileaks is nothing like Twitter or YouTube. What separates it from other forms of social media is the review process that submitted material must go through in order to be posted to the site. This might seem like a detail, but it strikes at the heart of "techo-utopian" notions of an "open commons" where anyone and everyone can post (almost) anything for all to read, hear and see.

The real power of Wikileaks is not so much the technology (it helps, but there are millions of websites out there) but the trust readers have in the authenticity of what they are reading; they believe that those working at Wikileaks stand behind the veracity of the material. There are literally hundreds of videos on YouTube from Iraq and Afghanistan showing coalition forces engaged in questionable, and in some cases obviously illegal, acts of aggression. Yet none of these clips have had anything like the impact of the single video posted to Wikileaks showing scores of civilians (and two Reuters journalists) gunned down by high-powered aircraft artillery in a Baghdad suburb. Why? Because while complete openness might be attractive in theory, information is only as valuable as its reliability, and Wikileaks has an organisational review structure in place that Twitter, Facebook, YouTube and most blogs (for obvious reasons) do not. All social media are not created equal, and so their power is far from equal.

Myth 2: The nation-state is dying

If the Wikileaks case has taught us anything, it is that the nation-state is most certainly not in decay. A great deal of discourse surrounding the internet, and social media in particular, revolves around the premise that we now live in a borderless digital society.

The notion of the nation-state in decline has had a great deal of currency within certain spheres of academia for a number of years, but the events of the past few weeks should give us pause. Those in charge of Wikileaks clearly understand the vital role of the nation-state, particularly when it comes to law. Despite New York University media scholar Jay Rosen's claim that it is "the world's first stateless news organisation", Wikileaks is very much territorially bound.

Wikileaks is semi-officially based in Sweden and has all the protection offered to whistleblowers and guarantees regarding anonymity of sources under Swedish law (although some doubt has been cast on whether or not Swedish law actually offers protection to Wikileaks). As the New Yorker reported in June 2010, Wikileaks is hosted on a Swedish ISP called PRQ. Material submitted to Wikileaks first goes through PRQ, and then to servers located in Belgium. Why Belgium, you may ask? Because Belgium has the second strongest laws for the protection of sources. And Wikileaks founder Julian Assange chose Iceland as the location for decrypting the aerial video footage of the killings in Baghdad. Iceland recently passed the Icelandic Modern Media Initiative, devised to make the country a global haven for whistleblowers, investigative journalism and freedom of speech.

Beyond Wikileaks, we have other reminders of the importance of states and laws in the fluid digital world: the recent decisions by the United Arab Emirates and Saudi Arabia to instigate bans on the messenger function on BlackBerry handsets, or the seemingly never-ending legal ban on YouTube Turkey. While it's true that the Wikileaks structure is set up to bypass the laws of certain countries (enabled by digital technology), it also makes use of other countries' laws. Wikileaks isn't lawless - it's just moving the entire game to places where the rules are different.

Myth 3: Journalism is dead (or almost)

Reports of the death of journalism have been greatly exaggerated (to borrow from Mark Twain). The Wikileaks case speaks to the power of technology to make us re-think what we mean by "journalism" in the early 21st century. But it also consolidates the place of mainstream journalism within contemporary culture. Wikileaks decided to release the Afghan documents to The Guardian, the New York Times and Der Spiegel weeks before they were released online - mainstream media outlets, not "alternative" (presumably sympathetic) publications such as The Nation, Z Magazine or IndyMedia. The reason is surely that these three news outlets are top international news agenda-setters. Few outlets (leaving aside broadcasters such as the BBC or CNN) have so much clout as the New York Times and the Guardian - and being published in English helps exposure. The Wikileaks people were savvy enough to realise that any release of the documents online without prior contact with select news outlets would lead to a chaotic rush of unfocused articles the world over.

As it was, attention turned straight to the three newspapers in question, in which a large number of the documents had already been analysed and summarised. And the role of Wikileaks was not lost in an information maelstrom. In the death of journalism thesis (as in that of the death of the nation-state), change is mistaken for elimination. The release of the Afghan Diaries shows that mainstream journalism still holds a good deal of power, but the nature of that power has shifted (compared to twenty or thirty years ago). An example is Executive Editor Bill Keller's recounting of the contact between New York Times editorial staff and the White House following the release of the documents:

The administration, while strongly condemning WikiLeaks for making these documents public, did not suggest that The Times should not write about them. On the contrary, in our discussions prior to the publication of our articles, White House officials, while challenging some of the conclusions we drew from the material, thanked us for handling the documents with care, and asked us to urge WikiLeaks to withhold information that could cost lives. We did pass along that message.

This is an astonishing admission by the executive editor of the US's most respected newspaper. For two reasons. The description of the encounter with the White House shows pride in the White House's praise, at odds with traditional notions of the press as the watchdogs over those in power. Second, the New York Times's role as intermediary between the US government and Wikileaks illustrates an interesting new power dynamic within news and information in the US.

At the heart of the death of journalism myth (and that of the role of social media) is the presumption of a causal relationship between access to information and democratic change. The idea that mere access to raw information de facto leads to change (radical or otherwise) is as romantic as the notion that mere access to technology can do the same. Information, just as technology, is only useful if the knowledge and skills required to activate such information are present. Wikileaks chose its three newspapers not because they necessarily represented ideological kindred spirits for Julian Assange and his colleagues, but because they were professionally, organisationally and economically prepared for the job of decoding and distributing the material provided.

In a digital world that is constantly being redefined as non-hierarchical, borderless and fluid, Wikileaks has reminded us that structure, boundaries, laws and reputation still matter.

_____

Christian Christensen (christian.christensen@im.uu.se) is associate professor of Media and Communication Studies in the Department of Informatics and Media at Uppsala University in Sweden. His work focuses on political, economic and cultural aspects of global media.

http://mondediplo.com/blogs/three-digital-myths

Bill Totten http://www.ashisuto.co.jp/english/

Why the Wars Can't be Won

by Professor John Kozy

Global Research (August 20 2010)


Edmund Burke's statement, "Those who don't know history are destined to repeat it" is frequently cited, but in truth, even history's obvious lessons are unrecognized by many who know history very well.

There was a time when every school child could recite the Gettysburg Address from memory, especially its famous peroration: "we here highly resolve that these dead shall not have died in vain, that this nation shall have a new birth of freedom, and that government of the people, by the people, for the people shall not perish from the earth". But that resolution has largely gone unfulfilled. So exactly what did the Civil War accomplish?

Most certainly, it preserved the union territorially and abolished slavery - two noteworthy things. But the slaves who were freed, rather than being benefited by their freedom, were left in the lurch, and the prejudicial attitudes of Confederate whites were most likely hardened; they certainly were not softened. So although the war united the nation territorially, it failed to unite its peoples, and that division is still evident today.

After the 2004 Presidential election, The Dallas Morning News ran a feature about this division titled Beyond the Red and Blue. Using the red states that went to President Bush and the blue states that went to Senator Kerry, it pointed out how red and blue states ranked in various categories.

People in red states are less healthy than those in blue states.

People in red states earn less than those in blue states.

People in red states are less educated than those in blue states.

More people in red states live in mobile homes than those in blue states.

The red states have higher birth rates among teens than the blue states.

More people are killed by guns in the red states than in the blue states.

And the Dallas Morning News missed a number of other inferior attributes of the red states.

The red states have higher rates of poverty, both generally and among the elderly, higher rates of crime, both general and violent, have higher rates of infant mortality and divorce, and have fewer physicians per unit of population than do the blue states.

These statistics do not paint a pretty picture. And since the red states are commonly referred to as the conservative heartland, one would think that the people who live in these states would vote against conservative candidates merely on the basis of their own rational, self interests. But they don't.

There's an obvious clash here, for the red states are the home of that group that calls itself "moral America". But how can a moral viewpoint countenance poverty, crime, and infant mortality? What kind of morality is it that doesn't care for the welfare of people? Just what moral maxim guides the lives of these people? Certainly not the Golden Rule, the Decalogue, or the Second Commandment of Christ. From what I have been able to gather, moral America needs a new moral code. The one it has is, to use a word the members of this group dislike, relative.

So what motivates the conservative nature of the people in the red states? Let's look at some history.

For a century after the Civil War, the south voted Democratic, but not because the people shared any values in common with the rest of the nation's Democrats. (Southerners even distinguished themselves from other Democrats by calling themselves "Dixiecrats.") These people were Democrats merely because the political party of the war and reconstruction was Republican. And when, in the mid-twentieth century, the Democratic Party championed an end to racial discrimination, these life-long Democrats quickly became Republicans, because the Republican party had in the intervening years become reactionary.

What motivates these people even today, though most likely they don't recognize it, is an unwillingness to accept the results of the Civil War and change the attitudes held before it. When a society inculcates beliefs over a long period of time, those beliefs cannot be changed by a forceful imposition of others. The beliefs once practiced overtly continue to be held covertly. Force is never an effective instrument of conversion. Martyrdom is preferable to surrender, and even promises of a better future are ineffective.

So what did the Civil War really accomplish? It united a nation without uniting its people. The United States of America became one nation indivisible made up of two disunited peoples; it became a nation divided, and the division has spread.

Therein lies a lesson all nations should have learned. By the force of arms, you can compel outward conformity to political institutions and their laws, but you cannot change the antagonistic attitudes of people, that can remain unchanged for decades and longer waiting for opportunities to reassert themselves.

Any astute reader can apply this lesson to the present day's activities in the Middle East. Neither force nor promises of a future better than the past can win the hearts and minds of people. And soldiers who die in an attempt to change another people's values always die in vain.

All wars, even when carried on by the strongest of nations against weak opponents, are chancy, and their costs, in every respect, are always much more than anticipated, even putting aside the physical destruction and the lives lost.

Nations that have started wars with the psychological certainty of winning rarely have, and when they have, the results were rarely lasting or those sought. As Gandhi once observed, "Victory attained by violence is tantamount to a defeat, for it is momentary".

The Crusaders, fighting under the banner of Christ, could not make Palestine a part of Christendom. France, under Napoleon, conquered most of Europe but lost it all and Napoleon ended up a broken man. Prussian militarism prevailed in the Franco-Prussian War, but in less than a century Germany had lost all. The Austrians in 1914 could not only not subdue the Serbs, the empire and its monarchial form of government were lost. The Germans and Japanese after 1939 and astounding initial successes were reduced to ruin.

But even the winners are losers.

Americans won the Mexican War and acquired the southwestern United States, but that conquest brought with it unfathomable and persistent problems - racial prejudice, discrimination, and an irresolvable problem of immigration and border insecurity. Americans likewise won the falsely justified Spanish American war and acquired a number of colonial states but were unable to hold most of them. The allies won the Second World War, but France and England lost the colonies they were fighting to preserve, and these two powers, which were great before the war, were reduced to minor status (although both still refuse to admit it). Israel has won five wars against various Arab states since 1948, but its welfare and security have not been enhanced, and Arab hatred and intransigence has grown more common.

People need to realize that after a war, things are never the same as they were before, and that even the winners rarely get what they fight for. War is a fool's errand in pursuit of ephemera.

At the end of World War Two, American leaders wrongly assumed that America's superpower status gave it the means to impose its view of what the world should be like on others everywhere. Then came Korea and the assumption proved false. Despite all of the destruction and death inflicted on the North Koreans, their attitudes went unchanged. The lesson went unlearned. It went unlearned again in Viet Nam, after which Henry Kissinger is reported to have naively said, "I could not believe that a primitive people had no breaking point". The Vietnamese never broke. Now again Americans are foolishly assuming that the peoples of the Middle East will change their attitudes if enough force is imposed for a long enough time and enough promises of a better future are made. History belies this assumption.

Unfortunately, history teaches its lessons to only those willing to learn, and the American oligarchy shows no signs of having such willingness.

So let's start singing bye-bye, Miss American Pie

Warring is nothing but a bad way to die!

_____

John Kozy is a retired professor of philosophy and logic who writes on social, political, and economic issues. After serving in the US Army during the Korean War, he spent twenty years as a university professor and another twenty years working as a writer. He has published a textbook in formal logic commercially, in academic journals and a small number of commercial magazines, and has written a number of guest editorials for newspapers. His on-line pieces can be found on http://www.jkozy.com/ and he can be emailed from that site's homepage.

http://www.globalresearch.ca/index.php?context=va&aid=20707

Bill Totten http://www.ashisuto.co.jp/english/

Thursday, August 26, 2010

A Modest Proposal

Limited Purpose Banking

Dallas Morning News (March 15 2009)

by Scott Burns and Laurence J Kotlikoff


In case you hadn't noticed, the foxes are still guarding the banking henhouse. The only change: President Obama is reducing how many hens the foxes can kill while on guard duty.

The foxes, of course, are the financial wizards whose leadership almost entirely wiped out the capital of the banking system.

The old system relied on trusting people who lied and cheated. They are still running the show. They will lie and cheat again. We will be called upon to pay the bill, again.

We need a new financial system. We need limited-purpose banking. It should be transparent, trustworthy and unsinkable. The key is to limit banks to their legitimate purpose. Not gambling, but financial intermediation, connecting savers to investors and lenders to borrowers.

Is this possible? Yes, it already exists in the only part of old system still above water - the mutual fund industry. Mutual fund companies like Fidelity, Vanguard, and TIAA-CREF stuck to their knitting. They didn't leverage themselves thirty-to-one and promise things they could never deliver. These companies didn't gamble with their own fortunes or the nation's future. Instead, they bought mortgages, stock, real estate, and other securities. They packaged these assets in mutual funds. And they sold the mutual funds to the public.

The public, not the mutual fund companies, held the securities and took the risk. In so doing, the fund companies ensured their solvency and prevented runs on their funds. They avoided the double jeopardy of conventional banking - financial shipwrecks that drown both the ships and the public. The one revealing exception was money market funds. There the mutual fund companies promised something they couldn't deliver - that their money market funds would never lose money.

Mutual fund companies also have other safeguards. They use third-party custodians to hold the securities purchased by their mutual funds. This precludes a Bernie Madoff or an Allen Stanford from selling claims to securities they neither owned nor purchased. Mutual fund companies divulge their investments. Whether the assets in their mutual funds are toxic or nutritional, the mutual fund companies say what they hold.

The two things mutual funds can't guarantee are the prices of the securities they purchase or the quality of the securities themselves. This can be improved (but not guaranteed) by compelling disclosure.

The compulsion must come from Uncle Sam. Sam needs to do what we proposed a year ago - set up a Federal Financial Authority (FFA) to verify, fully disclose, and rate securities, as well as audit the Fortune 500 companies. As we've seen, our private, insider-rating agencies are not to be trusted. Neither is insider-accounting.

The FFA should also appoint and pay independent directors to the Fortune 500 companies to determine compensation for top management. This is the only way to stop top management from bribing their directors to let them steal from shareholders. The FFA would also supervise all custodial arrangements.

With an FFA in place, here's how the new mutual fund-based banking system would work. Banks (our shorthand for all financial companies) would initiate mortgage, commercial, auto, credit card, and other loans. They would send them to the FFA for rating, package them in mutual funds, and sell them to the public.

Banks would not hold their loans. They would never be exposed to default risk. They'd provide no guarantee on their money market funds. Banks would also sell equity and real estate mutual funds. There would still be risk, but it wouldn't be in the financial institutions that put our money to work.

Finally, banks would accept checking account deposits. To ensure they have zero exposure to a bank run, the banks would be required to hold 100 percent reserves (in cash and short-term Treasuries) against these deposits. Incidentally, this aspect of the plan - moving from the current 10 percent to 100 percent reserve requirements - is called Narrow Banking. It was proposed by Irving Fisher, Frank Knight, and other leading economists during the 1930s. It was also advocated by Nobel Laureate Milton Friedman.

By requiring banks to stick to their fundamental purpose - financial intermediation - and to proscribe their taking risk of any kind, we will never again have either bank runs or the specter of major financial companies going under.

_____

Find more on Limited Purpose Banking at http://www.kotlikoff.net/category/op-ed-topics/limited-purpose-banking

http://www.kotlikoff.net/content/modest-proposal-limited-purpose-banking


Bill Totten http://www.ashisuto.co.jp/english/

Forty Bizarre Statistics

That Reveal the Horrifying Truth about the Collapse of the US Economy

thetruthwins.com (July 20 2010)


Most Americans still appear to be operating under the delusion that the "recession" will soon pass and that things will get back to "normal" very soon. Unfortunately, that is not anywhere close to the truth. What we are now witnessing are the early stages of the complete and total breakdown of the US economic system. The US government, state governments, local governments, businesses and American consumers have collectively piled up debt that is equivalent to approximately 360 percent of GDP. At no point during the Great Depression (or at any other time during our history) did we ever come close to such a figure. We have piled up the biggest mountain of debt that the world has ever seen, and now that gigantic debt bubble is beginning to pop. As this house of cards comes crashing down, the economic pain is going to become almost unimaginable.

Already, things are really, really, really bad out there. Unemployment is at shockingly high levels. Foreclosures and personal bankruptcies continue to set new all-time records. Businesses are being shut down at a staggering rate, more than forty million Americans are on food stamps, and the US government continues to pile up debt at blinding speed.

There is no use sugar-coating it.

The US economy is collapsing.

The following are forty bizarre statistics that reveal the truth about the collapse of the US economy ...

1 - According to one shocking new survey, 28% of US households have at least one member that is looking for a full-time job {1}.

2 - A recent Pew Research survey found that 55 percent of the US labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the recession began {2}.

3 - There are 9.2 million Americans that are unemployed but that are not receiving an unemployment insurance check {3}.

4 - In America today, the average time needed to find a job has risen to a record 35.2 weeks {4}.

5 - According to one analysis, the United States has lost 10.5 million jobs since 2007 {5}.

6 - China's trade surplus (much of it with the United States) climbed 140 percent in June compared to a year earlier {6}.

7 - This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour {7}.

8 - According to a poll taken in 2009, 61 percent of Americans "always or usually" live paycheck to paycheck. That was up significantly from 49 percent in 2008 and 43 percent in 2007 {8}.

9 - According to a recent poll conducted by Bloomberg, 71% of Americans say that it still feels like the economy is in a recession {9}.

10 - Banks repossessed 269,962 US homes during the second quarter of 2010, which was a new all-time record {10}.

11 - Banks repossessed an average of 4,000 South Florida properties a month in the first half of 2010, up 83 percent from the first half of 2009 {11}.

12 - According to RealtyTrac, a total of 1.65 million US properties received foreclosure filings during the first half of 2010 {12}.

13 - The Mortgage Bankers Association recently announced that demand for loans to purchase US homes has sunk to a thirteen-year low {13}.

14 - Only the top five percent of US households have earned enough additional income to match the rise in housing costs since 1975 {14}.

15 - 1.41 million Americans filed for personal bankruptcy in 2009 - a 32 percent increase over 2008 {15}.

16 - Back in 1950 each retiree's Social Security benefit was paid for by sixteen workers. Today, each retiree's Social Security benefit is paid for by approximately 3.3 workers. By 2025 it is projected that there will be approximately two workers for each retiree {16}.

17 - According to a new poll, six of ten non-retirees believe that Social Security won't be able to pay them benefits when they stop working {17}.

18 - 43 percent of Americans have less than $10,000 saved for retirement {18}.

19 - According to one survey, 36 percent of Americans say that they don't contribute anything to retirement savings {19}.

20 - According to one recent survey, 24% of American workers say that they have postponed their planned retirement age in the past year {20}.

21 - The Conference Board's Consumer Confidence Index declined sharply to 52.9 in June. Most economists had expected that the figure for June would be somewhere around 62 {21}.

22 - Retail sales in the US fell in June for a second month in a row {22}.

23 - Vacancies and lease rates at US shopping centers continued to get worse during the second quarter of 2010 {23}.

24 - Consumer credit in the United States has contracted during fifteen of the past sixteen months {24}.

25 - During the first quarter of 2010, the total number of loans that are at least three months past due in the United States increased for the sixteenth consecutive quarter {25}.

26 - Things are now so bad in California that in the region around the state capital, Sacramento, there is now one closed business for every six that are still open {26}.

27 - The state of Illinois now ranks eighth in the world in possible bond-holder default. The state of California is ninth {27}.

28 - More than 25 percent of Americans now have a credit score below 599, which means that they are a very bad credit risk {28}.

29 - On Friday, US regulators closed down three banks in Florida, two in South Carolina and one in Michigan, bringing to 96 the number of US banks to be shut down so far in 2010 {29}.

30 - The FDIC's deposit insurance fund now has negative 20.7 billion dollars in it, which represents a slight improvement from the end of 2009 {30}.

31 - The US federal budget deficit has topped $1 trillion with three months still to go in the current budget year {31}.

32 - According to a US Treasury Department report to Congress, the US national debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015 {32}.

33 - The M3 money supply plunged at a 9.6 percent annual rate during the first quarter of 2010 {33}.

34 - According to a new poll of Americans between the ages of 44 and 75, 61% said that running out money was their biggest fear. The remaining 39% thought death was scarier {34}.

35 - One study found that as of 2007, the bottom eighty percent of American households held about seven percent of the liquid financial assets {35}.

36 - The bottom forty percent of all income earners in the United States now collectively own less than one percent of the nation's wealth {36}.

37 - The number of Americans with incomes below the official poverty line rose by about fifteen percent between 2000 and 2006, and by 2008 over thirty million US workers were earning less than $10 per hour {37}.

38 - According to one recent study, approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in twenty years {38}.

39 - For the first time in US history, more than forty million Americans are on food stamps, and the US Department of Agriculture projects that number will go up to 43 million Americans in 2011 {39}.

40 - A new Rasmussen Reports national telephone survey has found that just 23% of American voters nationwide believe the federal government today has the consent of the governed {40}.

Links:

{1} http://www.dailyfinance.com/story/careers/what-is-the-real-unemployment-rate/19556146/

{2} http://pewsocialtrends.org/pubs/759/how-the-great-recession-has-changed-life-in-america

{3} http://news.goldseek.com/GoldenJackass/1278532800.php

{4} http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7871421/With-the-US-trapped-in-depression-this-really-is-starting-to-feel-like-1932.html

{5} http://www.wnd.com/index.php?fa=PAGE.view&pageId=173169

{6} http://www.bloomberg.com/news/2010-07-10/china-june-trade-surplus-20-02-billion-exports-rise-44-customs-says.html

{7} http://theeconomiccollapseblog.com/archives/the-declining-value-of-work

{8} http://www.cnbc.com/id/32862851/

{9} http://www.zerohedge.com/article/bloomberg-poll-finds-americans-no-longer-drinking-kool-aid-71-see-economy-mired-recession

{10} http://www.reuters.com/article/idUSNLLEIE69820100715

{11} http://www.bizjournals.com/southflorida/stories/2010/07/12/daily12.html?ana=from_rss&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bizj_southflorida+%28South+Florida+Business+Journal%29&utm_content=Google+Reader

{12} http://www.realtytrac.com/contentmanagement/pressrelease.aspx?channelid=9&itemid=9555

{13} http://www.newsdaily.com/stories/tre66d1l2-us-usa-economy-mortgages/

{14} http://www.dailyfinance.com/story/are-the-rich-getting-richer-the-data-says-yes/19356546/

{15} http://www.mybudget360.com/141-million-americans-filed-for-personal-bankruptcies-in-2009-a-jump-of-32-percent-from-2008-more-and-more-average-americans-resorting-to-bankruptcy-even-with-tougher-rules-to-file/

{16} http://theeconomiccollapseblog.com/archives/the-silent-entitlements-monster-social-security-medicare-and-interest-on-the-debt-will-gobble-up-every-single-tax-dollar-by-2020

{17} http://www.usatoday.com/news/washington/2010-07-20-1Asocialsecurity20_ST_N.htm

{18} http://endoftheamericandream.com/archives/43-percent-of-americans-have-less-than-10000-dollars-saved-for-retirement

{19} http://www.cnbc.com/id/32862851/

{20} http://money.cnn.com/2010/03/09/pf/retirement_confidence/index.htm

{21} http://www.conference-board.org/data/consumerconfidence.cfm

{22} http://www.bloomberg.com/news/2010-07-11/retail-sales-in-u-s-probably-fell-for-second-month-as-economy-moderated.html

{23} http://online.wsj.com/article/SB10001424052748704178004575351350812562256.html?mod=WSJ_article_MoreIn

{24} http://theeconomiccollapseblog.com/archives/credit-crunch-2010

{25} http://online.wsj.com/article/SB10001424052748704513104575256680430484878.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

{26} http://www.sacbee.com/topstories/story/2536025.html

{27} http://endoftheamericandream.com/archives/illinois-bankrupt

{28} http://endoftheamericandream.com/archives/money-crunch-how-can-an-economy-built-on-debt-function-if-nobody-can-get-loans

{29} http://www.usatoday.com/money/industries/banking/2010-07-16-bank-failures_N.htm?csp=34money&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+UsatodaycomMoney-TopStories+%28Money+-+Top+Stories%29&utm_content=Google+Reader

{30} http://online.wsj.com/article/SB10001424052748704513104575256680430484878.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

{31} http://www.usatoday.com/money/economy/2010-07-13-federal-budget-deficit_N.htm

{32} http://www.reuters.com/article/idUSN088462520100608

{33} http://www.presstv.ir/detail.aspx?id=128098&sectionid=3510213

{34} http://www.walletpop.com/blog/2010/07/07/compared-to-money-shortage-fear-of-death-no-biggie/

{35} http://www.dailyfinance.com/story/are-the-rich-getting-richer-the-data-says-yes/19356546/

{36} http://www.informationclearinghouse.info/article25430.htm

{37} http://endoftheamericandream.com/archives/22-statistics-that-prove-that-the-middle-class-is-being-systematically-wiped-out-of-existence-in-america

{38} http://theeconomiccollapseblog.com/archives/more-than-1-in-5-american-children-are-now-living-below-the-poverty-line

{39} http://thetruthwins.com/archives/40-million-americans-on-food-stamps

{40} http://www.rasmussenreports.com/public_content/politics/general_politics/july_2010/23_say_u_s_government_has_the_consent_of_the_governed

http://thetruthwins.com/archives/40-bizarre-statistics-that-reveal-the-horrifying-truth-about-the-collapse-of-the-u-s-economy

Bill Totten http://www.ashisuto.co.jp/english/