Luiz Inacio Lula da Silva, the former President of Brazil who served two very successful terms, has been diagnosed with throat cancer
The Sirio-Libanes [Syrian-Lebanese] Hospital in Sao Paulo said in a statement that Lula, 66, has a tumor in his larynx, a statement from the
“After multiple investigations, initial chemotherapy will start in the next few days. The patient is well,” the statement read.
Line of credit business loans used to be a basic part of 99% of the businesses in operation. It used to be that these loans were relatively easy to get, and were a real boon to business. Nearly every business has its ups and downs throughout the annual cycle, and the line of credit was there to help out.
No more. Now a line of credit is just as hard to capture as a standard loan, if not harder. The banks claim that they are being held to higher standards for granting loans of any kind, but I find that very hard to believe. Banks don’t seem to have any trouble lending to big companies, to the favored few. And they even get brownie points for lending to exporters, so those companies fare pretty well.
But standard small businesses of all ilk are still having a really tough time.
The first round of stimulus spending was intended to go to local banks which could then re-lend it to local businesses, and the hiring engine was to have kicked into gear. Well, it didn’t work like that. The money did make it to regional banks, and a bit of it made it to local banks, but it stopped there. Read more…
There are small business services in the Internet. We can use like business resources online. Anyway online services typically cost one time or recurring charges, while the resources generally allow free access to business owners. These services are more particular than the resources, and they give you a possibility to manage accounts and attract a database of more customers.
A type of online services for small businesses is accounting software. Many companies offer software that allows companies to easily enter, modify and manage financial information such as payroll and accounts receivable. The obtaining software online allows entrepreneurs to keep financial information via a website. The owners must generally pay a monthly fee to access the software. Read more…
Qantas Airways has grounded its entire fleet over a labour dispute, prompting the government to ask a tribunal to stop the conflict out of concern it is putting both the airline and the economy at risk.Tens of thousands of passengers and almost 20 world leaders were affected by the unprecedented decision on Saturday, which came a day after a stormy shareholder meeting and clearly took the government by surprise.It came as an embarrassment for Prime Minister Julia Gillard who was hosting a summit of Commonwealth leaders in the western city of Perth, 17 of them booked to fly out on Sunday with Qantas.Unions, from pilots to caterers, have taken strike action since September over pay and to oppose Qantas plans to cut its soaring costs, as it looks at setting up two new airlines in Asia and cutting back financially draining long-haul flights.It plans to cut 1,000 jobs and order $9 billion of new Airbus aircraft as part of a makeover to salvage the loss-making international business.”They are trashing our strategy and our brand. They are deliberately destabilising the company.
Stock Index Futures Rise
Wall Street continues the up and down ride seemingly on the headlines that emerge from the European debt crisis on a daily basis. Investor fear keeps the market reacting to the news. There is hope however that as Europe stabilizes the signs that the economic and earnings news is positive and will strengthen investor confidence. The headlines today on the heals of potential turmoil and rally as Greece implements austerity is that Euro zones bailout facility will be cleared to buy bonds on the secondary market.
Investors continue to monitor the situation with a close eye. Today AT&T and Microsoft are expected to report results for the quarter. As a result the S&P Futures rose 3.2 points, the Dow Jones added 55 points and the Nasdaq 100 futures up 0.25 points.