Tag: Recession

Gov. Schwarzenegger Announces Award of $27 Million to Fuel Nation’s Largest State-Sponsored Clean Energy Jobs Training Program

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Governor Arnold Schwarzenegger today announced the 34 recipients of $27 million in grants jump-starting the California Clean Energy Workforce Training Program (CEWTP), the largest state-sponsored green jobs training program in the nation announced by the Governor on August 31, 2009. Under the this first phase of the program, anticipated to train 5,600 participants, workers will be prepared for hands-on jobs, such as installing solar panels and maintaining electric vehicles to computer programming and researching fuel cell technologies, to help develop the state’s low-carbon, clean energy economy of tomorrow.

“California’s goals in renewable energy development, climate change reduction, clean transportation and green building are driving green job growth – and these funds are pivotal to building a workforce to meet that demand,” said Governor Schwarzenegger. “This program represents the kind of innovative thinking needed to steer our economy toward a greener future while targeting the unemployed, underemployed and new workforce members at a time when we must do everything possible to help Californians return to work.”

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Las Vegas Paper Sues Small Bloggers – Dispatches Withdraws Post, States Policy

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The article that used to appear at this URL, ‘The People Living in Drains Below Las Vegas’, has been withdrawn because it was published by the Las Vegas Sun, the sister paper of the Las Vegas Review-Journal. The Journal has engaged the services of a firm named RightHaven, who is using the copyright law to sue little blog sites like this one for posting full text reprints of their articles, even though the paper is fully credited for it.

Their theory is they are losing money through lost clicks. Anyone with a website can tell you clicks do not a conversion make. So the truth is these are extortion shake downs of people who are, in reality,  promoting the sources of the articles.

We have always only posted excerpts of articles with links to their original sources. But the Journal is suing people for doing that. On that basis, we will not link to, or run any content from the Las Vegas Sun or the Las Vegas Review-Journal. Any links or posts linked to or referencing articles published by these two papers will be deleted as soon as they are discovered.

NOTE TO LAWYERS:

This site is a small community created for our friends and clients to share business news along with the cool things we bump into on the internet. We always include a link to the original source. If we cannot include a link, we do not post it, period. We always credit the source. We are not thieves.

We also promote posted articles using both Twitter and Facebook, expanding the marketing footprint of the originating source. We think this is a nice thing to do and we do not charge for it. If, however, a source does not wish to avail themselves of our kindness, please inform us and we will remove the article, just like we did here.

Otherwise, file suit. You won’t win and you know it.

Time Magazine’s Justin Fox: “Some Financial Market Conspiracies Are Real” | zero hedge

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If you’ve swallowed the blue pill, this article will be too strong:

Tyler Durden at Zero Hedge blew the whistle on Goldman’s high-frequency trading and other frontrunning activities, and has also been called a conspiracy theorist.

PhD economist, former Assistant Secretary of the Treasury, and former Wall Street Journal editor Paul Craig Roberts says that the government and mainstream media are lying to the American public about how bad the economic situation really is.

PhD economist Dean Baker said in February that the true purpose of the bank rescues is “a massive redistribution of wealth to the bank shareholders and their top executives”.

PhD economist Michael Hudson says that the financial “parasites” have killed the American economy, and they are “sucking as much money out” as they can before “jumping ship”.

PhD economist Michel Chossudovsky says that the giant banks which received the most bailout money also finance a portion of the government’s debt, and are exercising their power as creditors to buy public assets for a song and to impose IMF-style austerity measures on the U.S. government.

If you want to understand so you can make a way for you and your loved ones read this.

Toyoda says company is ‘grasping for salvation’, fears big sales loss | AutoWeek Magazine

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We are grasping for salvation,” Toyoda said, adding that the company already has spiraled through the first three stages: (1) hubris born of success, (2) undisciplined pursuit of more and (3) denial of risk and peril. His self-admonitions echoed the apologies commonly made by Japanese executives who take responsibility for financial turmoil or corporate scandal.


Read Article.

The Small Business Advocate for Aug-Sep 2009 | SBA

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The Small Business Economy

Although many positive signs have indicated that the economy is beginning to improve and recover, at the end of 2008 America was experiencing one of the largest quarterly drops in GDP since the Great Depression. … The recession began with plummeting home values, and the construction industry, composed primarily of small businesses, has been the hardest hit.

Also:

Advocacy Interns Expand Summer Staff

Special Insert: Small Business FAQ

For the full report Click Here

Second Quarter 2009: Small Business and The Economy | SBA

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Trends

Real gross domestic product fell an annualized 1 percent in the second quarter of 2009. While this was the fourth consecutive quarter of declining output, the decline was significantly less than the previous quarter’s 6.4 percent drop, and it may be one of a handful of signs that the worst of the recession may be past. Real consumer spending, which accounts for 70 percent of real GDP, was down 1.2 percent annually, and real exports were off 7 percent. Other declines were more marked: real gross private fixed investment declined an annualized 20.5 percent, and real imports fell 15.1 percent. Measures of manufacturing output were mixed, with industrial production falling and the Institute for Supply Management’s purchasing manager’s index rising. Proprietors’ income fell 5.4 percent on an annualized basis during the quarter, and by 8 percent year to year.
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