WSJ.com, WSJ Bogs - Real Time Economics
By Phil Izzo
March 28, 2011
The U.S. Economy is recovering from a severe recession, but some industries are unlikely to ever fully bounce back.
A new analysis by research firm IBISWorld looks at 10 industries that appear to be dying. The list isn't exactly shocking, but it represents a mix of sectors that are being left behind by technology or have been hurt by cheaper overseas competition.
The biggest industry profiled by IBISWorld is wired telecom carriers, largely being supplanted by cell phones and the internet. The dominance of the Web and digital media also puts Newspaper publishers, record stores and video-rental companies on the list. Meanwhile photofinishing also takes its place among the top 10 dying industries thanks to the growing influence of digital photography.
to read the full article, and see the rest of the top 10... click here.
Showing posts with label economic recovery. Show all posts
Showing posts with label economic recovery. Show all posts
Tuesday, March 29, 2011
Friday, October 22, 2010
Check out... 5 Ways to Make a Bad Economy Better
Published October 12, 2010
FoxNews.com
The economic forecasts just keep getting worse.
The National Association for Business Economics released a study Monday downgrading its growth prediction from 3.2 percent to 2.6 percent for this year, with next dragging along at the same pace. The forecast showed the jobless rate hovering above 9 percent through 2011.
The study comes after the Congressional Budget Office pegged growth next year at 2 percent, a pace the office described as "anemic" compared with other post-recession recoveries.
So what can the government do about it? Washington has been pushing out bold, new economic proposals since the recession started, but one glance at the job-fair crowds these days would prove these proposals have had limited effect.
There is no shortage of comments in the suggestion box. FoxNews.com has compiled recommendations from top economists about what Washington can do to give the country's job market and productivity a kick in the pants...
To read the full article... click here.
FoxNews.com
The economic forecasts just keep getting worse.
The National Association for Business Economics released a study Monday downgrading its growth prediction from 3.2 percent to 2.6 percent for this year, with next dragging along at the same pace. The forecast showed the jobless rate hovering above 9 percent through 2011.
The study comes after the Congressional Budget Office pegged growth next year at 2 percent, a pace the office described as "anemic" compared with other post-recession recoveries.
So what can the government do about it? Washington has been pushing out bold, new economic proposals since the recession started, but one glance at the job-fair crowds these days would prove these proposals have had limited effect.
There is no shortage of comments in the suggestion box. FoxNews.com has compiled recommendations from top economists about what Washington can do to give the country's job market and productivity a kick in the pants...
To read the full article... click here.
Business For Sale market has flatlined...
BizBuySell.com has recently released its latest economic data for Third Quarter of 2010. The company's data, which tracks trends in the business-for-sale marketplace, suggests that the business-for-sale market has bottomed out, but a recovery will still be slow in coming.
The number of closed transactions reported to BizBuySell.com in Third Quarter 2010 was 1,117, exactly equal to 1,117 reported for this same time period a year ago.
These numbers indicate that the business-for-sale market has flat-lined, with earlier signs of recovery stalling out in the second half of this year. Although we do see a slight 1% increase compared to the 1,106 closed transactions reported for Q2 od 2010, the market is still down considerably from previous years...
The biggest problem remains a lack of available credit for small business acquisitions, which continues to make life tough for business brokers and business owners looking to sell.
To read the full article... click here.
The number of closed transactions reported to BizBuySell.com in Third Quarter 2010 was 1,117, exactly equal to 1,117 reported for this same time period a year ago.
These numbers indicate that the business-for-sale market has flat-lined, with earlier signs of recovery stalling out in the second half of this year. Although we do see a slight 1% increase compared to the 1,106 closed transactions reported for Q2 od 2010, the market is still down considerably from previous years...
The biggest problem remains a lack of available credit for small business acquisitions, which continues to make life tough for business brokers and business owners looking to sell.
To read the full article... click here.
Tuesday, August 3, 2010
Let's discuss economic "recovery" for local small businesses...
By the local Business Sherpa himself, Larry Battershell.
The longer I talk to small business owners around the Indianapolis area and listen to endless tales of woe, the more convinced I am that the much touted economic "recovery" is not either U shaped or W shaped but more of a descending staircase--down a few steps-plateau, down a few more steps--plateau,etc....guess its better than a fast plunge on free falling elevator....... I will keep looking for the "green shoots".
The longer I talk to small business owners around the Indianapolis area and listen to endless tales of woe, the more convinced I am that the much touted economic "recovery" is not either U shaped or W shaped but more of a descending staircase--down a few steps-plateau, down a few more steps--plateau,etc....guess its better than a fast plunge on free falling elevator....... I will keep looking for the "green shoots".
Friday, June 11, 2010
Sometimes a bailout can actually prevent progress and growth...
I have followed with fascination the debate about whether or not to bailout banks, car companies etc and the long term effects on our economic system.
I was then struck by a recent example of a situation of where there wasn't a bailout for a struggling local business.
A local bar which was in a great location was failing because of poor and inept management--the place was a mess and eventually closed its doors and the owners suffered a significant economic loss. Enter another set of entrepreneurs who picked up the location at a bargain and who went in and did a significant renovation. A new successful and popular establishment emerged--generating lots more revenue and taxes--employing many more people. The question I ask--what would have been gained if the old bar and gotten a "bailout" and had been allowed to stay in business and limp along following its old management ways?
Tell me what you think...
I was then struck by a recent example of a situation of where there wasn't a bailout for a struggling local business.
A local bar which was in a great location was failing because of poor and inept management--the place was a mess and eventually closed its doors and the owners suffered a significant economic loss. Enter another set of entrepreneurs who picked up the location at a bargain and who went in and did a significant renovation. A new successful and popular establishment emerged--generating lots more revenue and taxes--employing many more people. The question I ask--what would have been gained if the old bar and gotten a "bailout" and had been allowed to stay in business and limp along following its old management ways?
Tell me what you think...
Friday, April 23, 2010
Small Business Owners Still Doubtful about Economic Turnaround
Blog By JULIA L. ROGERS, AOL SMALL BUSINESS
Small businesses aren't quite buying the reality of economic recovery yet, reveals a survey conducted by the National Federation of Independent Business (NFIB) in March. Most have continued to be tight-budgeted, stalling hiring and expansion in the sector.
Entrepreneurs in small companies across industries are still frustrated as they watch larger companies get low-interest credit and enjoy rejuvenated businesses. Unfortunately, their pessimism and failure to take advantage of all benefits offered to them is seriously affecting the strength and speed of the recovery. Because of sour attitudes among those in the small business community, economic experts believe that President Barack Obama has his work cut out for him as he attempts to move forward with fresh policies to help smaller companies add jobs and expand. Reuters reports that issues related to employment and job opportunities are critical in this congressional election year and could make or break results...
To read the full article... click here.
Small businesses aren't quite buying the reality of economic recovery yet, reveals a survey conducted by the National Federation of Independent Business (NFIB) in March. Most have continued to be tight-budgeted, stalling hiring and expansion in the sector.
Entrepreneurs in small companies across industries are still frustrated as they watch larger companies get low-interest credit and enjoy rejuvenated businesses. Unfortunately, their pessimism and failure to take advantage of all benefits offered to them is seriously affecting the strength and speed of the recovery. Because of sour attitudes among those in the small business community, economic experts believe that President Barack Obama has his work cut out for him as he attempts to move forward with fresh policies to help smaller companies add jobs and expand. Reuters reports that issues related to employment and job opportunities are critical in this congressional election year and could make or break results...
To read the full article... click here.
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