Thus far we've learned that the "Recovery" that the Obama administration threatened, would "take years", has progressed faster than imagined.
FACTOIDS AFTER MIDWAY OF MAY 2010:
· Jobless rates drop in 34 states and DC
· Del net income jumps 52%
· Target net income climbs 29%
· Wal mart rises 10%
· GM post first quarterly profit in three years
· Macy reports profit sales and margin growth
· Toyota Sales soar as sales recover
· Apple selling more ipads than Mac huge revenue growth
Monday, May 24, 2010
Monday, May 17, 2010
FEAR & OR CHEER?
FEAR OR CHEER?
There are too many enjoying making money on FEAR. If you want to drop out of the “fear machine” as a false gospel, and claim your lives back, exchange Fear for Cheer, and join hundreds upon hundreds coming Tuesday of next week to the Loews Lake Las Vegas Resort. Do more business in a week than you will do in a YEAR. Now that’s Cheer!
The recovery is coming whether you are ready or not….and all the fear in the world will not dispel the cheer if you are ahead of the YEAR to claim all that is HERE!
Sales at retail sales rose and industrial production powered ahead in April, further evidence the economic recovery was strengthening.
Consumers were also a bit more confident early this month, adding to Friday's string of upbeat data that stood in sharp contrast to financial markets which sold off as panicky investors worried about Europe's debts.
Though the debt crisis is expected to have a minimal impact on U.S. economic activity, analysts worry falling share prices could dampen consumer morale and crimp household spending.
"While the economic recovery is on a very sound footing, I am apprehensive about some of the noise coming out of Europe," said Craig Thomas, a senior economist at PNC Financial Services in Pittsburgh.
Sales at U.S. retailers climbed 0.4 percent after rising 2.1 percent in March, the Commerce Department said. April's increase was double what markets had expected and marked the seventh straight monthly gain.
Separately, the Federal Reserve said industrial production rose 0.8 percent last month after a 0.2 percent increase in March. The gain exceeded market expectations for a 0.6 percent increase and highlighted the factory sector's lead role in the economy's recovery from the worst recession since the 1930s.
Capacity utilization, a closely watched measure of how fully the economy is using its productive potential, rose to 73.7 percent, the highest since November 2008, from 73.1 percent in March.
The U.S. central bank has listed resource use among factors it is monitoring to determine when to begin raising benchmark interest rates, which stand effectively at zero.
"I think that the risks, obviously, with the global situation make things a little bit more uncertain than we were expecting," he said. "So, if anything, I am even more comfortable with my assessment that accommodation continues to be important."
Consumers feeling more confident
A rebuilding of inventories from record low levels by businesses has largely driven the recovery, but consumers are now taking part and growing more optimistic.
http://msnbcmedia1.msn.com/i/MSNBC/Components/ArtAndPhoto-Fronts/AP_GRAPHICS/AP-RETAIL-SALES1.gif
The Thomson Reuters/University of Michigan's Surveys of Consumers' sentiment index rose to 73.3 in May from 72.2 in April, a touch below market expectations.
"Robust production and restocking will spill over to the broader economy via the labor market, household and business sentiment. This dynamic will help sustain growth," said Aaron Smith, a senior economist at Moody's Economy.com.
Prices for U.S. government debt rallied, while the dollar rose to a more than 18-month high against the euro.
Recent data have pointed to a fairly solid foundation for the U.S. recovery, although an expected slowdown in Europe may prove a headwind.
A Philadelphia Federal Reserve Bank survey of forecasters published Friday forecast the economy growing at a 3.3 percent rate in both the second and third quarters, up from an earlier poll.
The economy grew 3.2 percent in the first quarter and analysts expect a modest upward revision as export and retail sales growth in March were stronger than previously estimated.
Increase in auto sales
Sales last month were supported by a surprise rise in motor vehicle purchases, as well as an increase in building materials and garden equipment receipts. Excluding autos, sales rose 0.4 percent last month after rising 1.2 percent in March.
However, a measure corresponding most closely with the consumer spending component of the government's gross domestic product report — a gauge that strips out autos, gasoline and building materials — slipped 0.2 percent. It had risen 0.7 percent in March.
Analysts remain upbeat on the prospects for spending.
Commentary from Berny (Bernhard) Dohrmann, Chairman of CEOspace. To catch him at the next CEO Space, contact me for details.
There are too many enjoying making money on FEAR. If you want to drop out of the “fear machine” as a false gospel, and claim your lives back, exchange Fear for Cheer, and join hundreds upon hundreds coming Tuesday of next week to the Loews Lake Las Vegas Resort. Do more business in a week than you will do in a YEAR. Now that’s Cheer!
The recovery is coming whether you are ready or not….and all the fear in the world will not dispel the cheer if you are ahead of the YEAR to claim all that is HERE!
Sales at retail sales rose and industrial production powered ahead in April, further evidence the economic recovery was strengthening.
Consumers were also a bit more confident early this month, adding to Friday's string of upbeat data that stood in sharp contrast to financial markets which sold off as panicky investors worried about Europe's debts.
Though the debt crisis is expected to have a minimal impact on U.S. economic activity, analysts worry falling share prices could dampen consumer morale and crimp household spending.
"While the economic recovery is on a very sound footing, I am apprehensive about some of the noise coming out of Europe," said Craig Thomas, a senior economist at PNC Financial Services in Pittsburgh.
Sales at U.S. retailers climbed 0.4 percent after rising 2.1 percent in March, the Commerce Department said. April's increase was double what markets had expected and marked the seventh straight monthly gain.
Separately, the Federal Reserve said industrial production rose 0.8 percent last month after a 0.2 percent increase in March. The gain exceeded market expectations for a 0.6 percent increase and highlighted the factory sector's lead role in the economy's recovery from the worst recession since the 1930s.
Capacity utilization, a closely watched measure of how fully the economy is using its productive potential, rose to 73.7 percent, the highest since November 2008, from 73.1 percent in March.
The U.S. central bank has listed resource use among factors it is monitoring to determine when to begin raising benchmark interest rates, which stand effectively at zero.
"I think that the risks, obviously, with the global situation make things a little bit more uncertain than we were expecting," he said. "So, if anything, I am even more comfortable with my assessment that accommodation continues to be important."
Consumers feeling more confident
A rebuilding of inventories from record low levels by businesses has largely driven the recovery, but consumers are now taking part and growing more optimistic.
http://msnbcmedia1.msn.com/i/MSNBC/Components/ArtAndPhoto-Fronts/AP_GRAPHICS/AP-RETAIL-SALES1.gif
The Thomson Reuters/University of Michigan's Surveys of Consumers' sentiment index rose to 73.3 in May from 72.2 in April, a touch below market expectations.
"Robust production and restocking will spill over to the broader economy via the labor market, household and business sentiment. This dynamic will help sustain growth," said Aaron Smith, a senior economist at Moody's Economy.com.
Prices for U.S. government debt rallied, while the dollar rose to a more than 18-month high against the euro.
Recent data have pointed to a fairly solid foundation for the U.S. recovery, although an expected slowdown in Europe may prove a headwind.
A Philadelphia Federal Reserve Bank survey of forecasters published Friday forecast the economy growing at a 3.3 percent rate in both the second and third quarters, up from an earlier poll.
The economy grew 3.2 percent in the first quarter and analysts expect a modest upward revision as export and retail sales growth in March were stronger than previously estimated.
Increase in auto sales
Sales last month were supported by a surprise rise in motor vehicle purchases, as well as an increase in building materials and garden equipment receipts. Excluding autos, sales rose 0.4 percent last month after rising 1.2 percent in March.
However, a measure corresponding most closely with the consumer spending component of the government's gross domestic product report — a gauge that strips out autos, gasoline and building materials — slipped 0.2 percent. It had risen 0.7 percent in March.
Analysts remain upbeat on the prospects for spending.
Commentary from Berny (Bernhard) Dohrmann, Chairman of CEOspace. To catch him at the next CEO Space, contact me for details.
Tuesday, May 11, 2010
Berny Dohrmann Interview - Mess Before Success
CEO Space Founder, Bernhard Dohrman, is interviewed by Chris Steely of
Saturday, May 8, 2010
Mother's Day & Business
During the 60's & 70's, Bear Bryant was the coach of the University of Alabama football team, one of the most successful football coaches at the time. A few years ago, the Southern Bell Telephone Company came up with a great idea for an ad. Since everyone in the South knows Bear Bryant and reveres him, what if they could get him to do a commercial endorsing their phone company?
So they negotiated a contract with his agent and arranged for Bear Bryant to come to the television studio on such-and-such a date, such-and-such a time and stand in front of the camera and, with that angry look for which he is so famous, growl three words into the camera. The three words were: "Call your momma!"
The day came, Coach Bryant showed up, they practiced the shot, then the lights went on and a camera rolled. Bear Bryant looked into the camera and suddenly his eyes were wet and instead of growling as he was supposed to, he said in a soft and tender voice: "Call your Mother. I wish I could."
That ad with its four unrehearsed extra words turned out to be the most successful ad in the history of the telephone company. I think we can understand why. It reminds all us who have lost loved ones how much we miss them, and it reminds all of us who still have our loved ones never to take them for granted, but instead to keep in touch with them as often as we possibly can.
So...CALL YOUR MOMMA! ...and Happy Mother's Day to all the Moms!
So they negotiated a contract with his agent and arranged for Bear Bryant to come to the television studio on such-and-such a date, such-and-such a time and stand in front of the camera and, with that angry look for which he is so famous, growl three words into the camera. The three words were: "Call your momma!"
The day came, Coach Bryant showed up, they practiced the shot, then the lights went on and a camera rolled. Bear Bryant looked into the camera and suddenly his eyes were wet and instead of growling as he was supposed to, he said in a soft and tender voice: "Call your Mother. I wish I could."
That ad with its four unrehearsed extra words turned out to be the most successful ad in the history of the telephone company. I think we can understand why. It reminds all us who have lost loved ones how much we miss them, and it reminds all of us who still have our loved ones never to take them for granted, but instead to keep in touch with them as often as we possibly can.
So...CALL YOUR MOMMA! ...and Happy Mother's Day to all the Moms!
Wednesday, April 7, 2010
INFLATION ECONOMICS 101 - For Business
Deflation is an economy of crashing price values. Inflation is an economy of rising price and cost. As you know over the past 12 months oil, which is the “cost of everything” has risen 75%. Half of a barrel of oil is used for pesticides and fertilizers which directly affect food prices. The other half run the combine and trucks to deliver the food.
The iron ore producers of the world entered into a pack this April that will increase the cost of steal by 35% immediately, “another cost” of everything. Steel represents your transportation system for all goods and services and your car price plus the price of your office space. Steel will rise by a level not seen in decades. As you plan for these core assets, oil and iron to rise so dramatically, the cost of passing on cost, to all of the buyers is just beginning.
The cost to ramp up a business, of any size, is lower in the next 18 months than it will be in the next 18 years. If you miss the 18 month window, you will pay so much MORE to ramp up the same business in the future. RAMP up your business early in the recovery, the Spring being the ideal time to make a decision. Load better software on your brain and make better decisions. Inflation is coming. If you don’t know how to operate a small business inside an inflation economy, allow some of our faculty to explain these details to you in our next class. We believe FULL PARTICPATION early in the recovery cycle is the priceless information every business owner needs this May to SPRNG FORWARD finically.
The May CEO Space Free-Enterprise Forum is the shift point for moving from a deflation recession economy into a sustained long term inflation economy. For more information, contact within.
The iron ore producers of the world entered into a pack this April that will increase the cost of steal by 35% immediately, “another cost” of everything. Steel represents your transportation system for all goods and services and your car price plus the price of your office space. Steel will rise by a level not seen in decades. As you plan for these core assets, oil and iron to rise so dramatically, the cost of passing on cost, to all of the buyers is just beginning.
The cost to ramp up a business, of any size, is lower in the next 18 months than it will be in the next 18 years. If you miss the 18 month window, you will pay so much MORE to ramp up the same business in the future. RAMP up your business early in the recovery, the Spring being the ideal time to make a decision. Load better software on your brain and make better decisions. Inflation is coming. If you don’t know how to operate a small business inside an inflation economy, allow some of our faculty to explain these details to you in our next class. We believe FULL PARTICPATION early in the recovery cycle is the priceless information every business owner needs this May to SPRNG FORWARD finically.
The May CEO Space Free-Enterprise Forum is the shift point for moving from a deflation recession economy into a sustained long term inflation economy. For more information, contact within.
Thursday, April 1, 2010
Tuesday, March 30, 2010
What Obama's Health Care means to Small Business
As of 2014, you will be required to have health insurance, or face a financial penalty if you elect not to purchase coverage. Once the law goes into effect, you will be able to purchase coverage through a state exchange. How much you may save would depend on how much you earn. Individuals who earn more than about $43,000/year will be required to pay the full premium cost ($15,000 and up per person), as would couples who earn more than about $58,000/year. People earning below those amounts would be eligible for federal subsidies on both their premiums and out-of-pocket costs.
Under 27 years old? The new law lets you still be covered as a dependent on your parents’ healthcare plan.
Worried about a pre-existing condition? Group health plans and insurers will no longer be permitted to exclude coverage for preexisting conditions or place lifetime limits on coverage. Lifetime limits are prohibited effective six months from yesterday (date of enactment). Additionally, preexisting conditions exclusions will be eliminated for dependent children within six months of enactment and must be completely eliminated by 2014.
Insurance companies will not be able to deny you coverage, nor will they be able to disavow covering you or your family for a preexisting condition.
I’m a small business owner with no employees.
Sole proprietors or small businesses without full-time employees fall under the “self-employed” categorization above. The same rules apply – you must have coverage or pay a penalty for opting to go without.
I own a small business, and I have employees.
HOW THE NEW LAW AFFECTS YOU DEPENDS ON HOW MANY EMPLOYEES YOU HAVE
Businesses with fewer than 25 employees that pay an average of no more than $40,000/year will get a tax credit – up to 35 percent of the company’s share of their total health care premium – if they offer health coverage to their workers.
Companies with 26-49 workers are unaffected – no additional tax credit, but no penalties for not offering coverage.
The biggest change is that employers with more than 50 full-time equivalents (FTE’s) will be considered large employers.
Large employers will have to make available to all employees a minimum level of coverage or pay a per-employee penalty. Employers will not be required to provide coverage for part-time employees, but be aware that these workers may be counted as partial employees for purposes of determining whether an employer has 50 employees. The bill is still unclear as to how employees will be counted and what formula will be used, but it looks likely the number to be counted will be a baseline of total hours worked by all employees. For that reason, keep accurate time records.
If you offer coverage but employees are forced to purchase insurance through the state-based exchanges because the coverage you offer is not affordable, then you must pay separate fees relating to insufficient coverage options. This “Pay or Play” provision goes live in 2014 upon the creation of the state-based exchanges.
Both small businesses and individuals will have the choice of buying health insurance through state-based exchanges. The exchanges are expected to offer easy-to-understand competitive benefits at affordable prices. Depending on income and other factors, some small businesses and individuals may be eligible to receive credits toward the purchase of insurance through the exchanges.
Under 27 years old? The new law lets you still be covered as a dependent on your parents’ healthcare plan.
Worried about a pre-existing condition? Group health plans and insurers will no longer be permitted to exclude coverage for preexisting conditions or place lifetime limits on coverage. Lifetime limits are prohibited effective six months from yesterday (date of enactment). Additionally, preexisting conditions exclusions will be eliminated for dependent children within six months of enactment and must be completely eliminated by 2014.
Insurance companies will not be able to deny you coverage, nor will they be able to disavow covering you or your family for a preexisting condition.
I’m a small business owner with no employees.
Sole proprietors or small businesses without full-time employees fall under the “self-employed” categorization above. The same rules apply – you must have coverage or pay a penalty for opting to go without.
I own a small business, and I have employees.
HOW THE NEW LAW AFFECTS YOU DEPENDS ON HOW MANY EMPLOYEES YOU HAVE
Businesses with fewer than 25 employees that pay an average of no more than $40,000/year will get a tax credit – up to 35 percent of the company’s share of their total health care premium – if they offer health coverage to their workers.
Companies with 26-49 workers are unaffected – no additional tax credit, but no penalties for not offering coverage.
The biggest change is that employers with more than 50 full-time equivalents (FTE’s) will be considered large employers.
Large employers will have to make available to all employees a minimum level of coverage or pay a per-employee penalty. Employers will not be required to provide coverage for part-time employees, but be aware that these workers may be counted as partial employees for purposes of determining whether an employer has 50 employees. The bill is still unclear as to how employees will be counted and what formula will be used, but it looks likely the number to be counted will be a baseline of total hours worked by all employees. For that reason, keep accurate time records.
If you offer coverage but employees are forced to purchase insurance through the state-based exchanges because the coverage you offer is not affordable, then you must pay separate fees relating to insufficient coverage options. This “Pay or Play” provision goes live in 2014 upon the creation of the state-based exchanges.
Both small businesses and individuals will have the choice of buying health insurance through state-based exchanges. The exchanges are expected to offer easy-to-understand competitive benefits at affordable prices. Depending on income and other factors, some small businesses and individuals may be eligible to receive credits toward the purchase of insurance through the exchanges.
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