The 2012 presidential election is the most critical in the modern history of America, according to GOP candidate Newt Gingrich. And when Mitt Romney says America must change its direction, he is absolutely right. The information that follows will explain why.
The G-20 internet economy is projected to reach US$4.2 trillion in 2016, nearly double the size it was in 2010 according to The Boston Consulting Group. G-20 includes Argentina, Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the U.K., and the U.S.
The Global Entrepreneurship Monitor shows entrepreneurial activity revived in 2011 after years of decline
Early-stage entrepreneurial activity rates surged around the world in 2011, jumping nearly 60 percent in the U.S., according to a survey released this week by the Global Entrepreneurship Monitor. More than 12 percent of U.S. adults reported starting a business or running new businesses last year, up from just below 8 percent in 2010.
Continue reading… “Startup rates increased around the world in 2011”
The market appears to anticipate rapid growth from Apple.
24/7 Wall St. forecasts the publicly traded U.S. companies that will have the highest profits in the year ahead every January. For 2012, Apple is likely to pass Exxon Mobil as the most profitable corporation in the Fortune 500. It already passed the oil giant in market capitalization for a while last year. The market appears to anticipate rapid growth from Apple comparable to that of the past two years. The stock has reached several all-time highs recently and now trades around $425, up nearly 25 percent in the past year.
Continue reading… “U.S. companies that will be the most profitable in 2012”
American drivers are holding on to their cars and trucks for longer, new data suggest.
New data suggests American drivers are holding on to their cars and trucks longer as they put off buying new vehicles in the face of high unemployment and a struggling economy.
Continue reading… “American drivers keeping their cars longer”
More and more employees are taking on multiple jobs in order to make ends meet.
There are fewer people working part time. But, More people are working multiple jobs. The job market continues to be a mixed bag for millions of workers across the country.
Continue reading… “More employees work multiple jobs to make ends meet”
Men are grabbing most new jobs as the economy recovers.
Men are grabbing more than two-thirds of the private-sector jobs created as the economy recovers, reversing a long-running trend that came within a whisker of giving the U.S. its first-ever majority-female workforce.
Continue reading… “Men claim two-thirds of new jobs, even jobs in retail”
Renters have flexibility that homeowners don’t.
Buying a home is seen by most people as part of the “American Dream”, but for most it’s become a nightmare. Buying a home is pretty much the best way to throw your money away and here’s why.
Continue reading… “6 reasons why renting is better than buying a home”
Non-resident visitors to the United States wait in line at immigration control at a U.S. airport.
Businesses salivate over the kind of foreign traveler Agustina Ocamp is. He is a 22-year-old Argentine who recently dropped more than $5,000 on food, hotels and clothes in Las Vegas during a trip that also took her to Seattle’s Space Needle, Disneyland and the San Diego Zoo. But she doubts she will return soon.
Continue reading… “Foreign tourists could help the U.S. economy”
Today’s super-rich are different from yesterday’s: more hardworking and meritocratic, but less connected to the nations that granted them opportunity.
If you were watching television on the first Sunday morning in August last summer, you would have seen something curious on NBC. David Gregory, host of Meet the Press, was interviewing a guest who made a forceful case that the U.S. economy had become “very distorted.” In the wake of the recession, this guest explained, high-income individuals, large banks, and major corporations had experienced a “significant recovery”; the rest of the economy, by contrast—including small businesses and “a very significant amount of the labor force”—was stuck and still struggling. He argued that what we were seeing was not a single economy at all, but rather “fundamentally two separate types of economy,” increasingly distinct and divergent.
There will be more repossessions next year and tougher criteria banks are now imposing on potential borrowers.
The development of multi-family units – a category made up of apartments and townhouses – jumped 25.3 percent last month to an annual rate of 238,000, the Commerce Department said on Tuesday. That helped drive overall construction on new homes up 9.3 percent to an annual pace of 685,000, the strongest since the spring of 2010.
Rapid economic development and a smaller supply of young migrant workers are pushing up labor costs in China.
What is one of the things that’s showing up in Christmas stockings this year: higher prices, courtesy of China.
Continue reading… “Shoppers in U.S. pay for soaring labor costs in China”