Saturday, April 23, 2011

Guide to USA Corporate Freeloaders (List) *Who profits billions, don't pay taxes, some get refunds & bailouts!*

Guide to USA Corporate Freeloaders

Exxon Mobil, Bank of America, General Electric, Chevron, Boeing, Valero Energy, Goldman Sachs, Citigroup, Conoco Phillips, Carnival Cruise Lines, et. al. in Corporate America have figured out the system. Make billions, don't pay taxes, possibly receive tax refunds and benefits, and if that doesn't work, get a USA Taxpayer Bailout! Why do you think they spend all those millions of dollars lobbying in Washington D.C.?

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Wednesday, April 20, 2011

Apple to Begin Shipping New iPhone in September

Apple suppliers will begin production of its next-generation iPhone in July this year, with the finished product likely to begin shipping in September, three people familiar with the matter said on Wednesday.

The new smartphone will have a faster processor but will look largely similar to the current iPhone 4, one of the people said. They declined to be identified because the plans were not yet public.

Suppliers to the current generation included camera module maker Largan Precision, touchscreen panel maker Wintek Corp and case maker Foxconn Technology, two of the people said.

The companies would begin production either in July or August before shipping components to Hon Hai Precision Industry, flagship of Foxconn Technology Group, for assembly, they said.

Apple to Begin Shipping New iPhone in September - CNBC

Monday, April 18, 2011

S&P Cuts USA Outlook to Negative *Affirms U.S. AAA Rating*

Standard & Poor's on Monday downgraded the outlook for the United States to negative, saying it believes there's a risk U.S. policymakers may not reach agreement on how to address the country's long-term fiscal pressures.

"Because the U.S. has, relative to its 'AAA' peers, what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these is not clear to us, we have revised our outlook on the long-term rating to negative from stable," the agency said in a statement.

"The headline has enough of a shock value. The initial reaction is that this is negative for dollar assets across the board." said Lou Brien, a market strategist with DRW Trading in Chicago.

The S&P said the move signals there's at least a one-in-three likelihood that it could lower its long-term rating on the United States within two years.

Monday, April 11, 2011

CEO Confidence Increases Again

07 Apr. 2011

The Conference Board Measure of CEO Confidence™, which had bounced back in the final quarter of 2010, improved further in the first quarter of 2011. The Measure now reads 67, up from 62 last quarter (a reading of more than 50 points reflects more positive than negative responses).

Says Lynn Franco, Director of The Conference Board Consumer Research Center: “CEOs’ confidence has improved, yet again, and expectations are that the economy will continue to expand in the coming months. As for the employment outlook, CEOs are more bullish than last year, with half now saying they intend to ramp up hiring.”

CEOs’ assessment of current economic conditions was much more upbeat, with 85 percent saying conditions are better compared to six months ago, up from 56 percent last quarter. In assessing their own industries, business leaders were also more positive. Now, nearly 61 percent say conditions have improved, compared with 55 percent in the fourth quarter of 2010.

CEOs’ optimism about the short-term outlook continues to grow. Currently, 66 percent expect an improvement in economic conditions over the next six months, up from 56 percent last quarter. Expectations for their own industries, however, are slightly less optimistic, with 49 percent of CEOs expecting conditions to improve in the months ahead, down from 51 percent last quarter.

Hiring Plans to Pick Up in 2011

Half of all CEOs anticipate an increase in employment levels in their industry, up significantly from 30 percent a year ago. The proportion of CEOs who anticipate a decrease in hiring declined to 16 percent from 22 percent a year ago.

On a separate question, CEOs say regulation and litigation are major obstacles to hiring new workers, followed by health care costs and wage and salary costs. Other fringe benefits are of lesser concern when hiring new workers.

Sunday, April 3, 2011

Quake drives Japan manufacturing PMI to 2-year low

(Reuters) - Japanese manufacturing activity slumped to a two-year low in March and posted its steepest monthly decline on record as a devastating earthquake and tsunami disrupted supply chains and production operations, a survey showed on Thursday.

The Markit/JMMA Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 46.4 in March, the lowest since April 2009 and down from February's 52.9.

The data provided one of the first quantitative assessments of the severe damage to production from the March 11 quake and tsunami in northeast Japan, which triggered a nuclear safety crisis and widespread power shortages.

"The impact from the power outage, supply chain disruption and a halt of many factories' activity after the quake is large. There is a possibility that the PMI index will further weaken," said Takeshi Minami, chief economist at Norinchukin Research Institute in Tokyo.

"It is a major issue now how the nuclear crisis develops, and stock market players are also closely watching it. The outlook for business activity depends on progress in reconstruction and recovery."

Japan's government is struggling to contain the world's worst nuclear crisis in 25 years that triggered wide power outage, while carrying out a huge humanitarian relief effort following the March 11 quake and tsunami that devastated coastal areas of northeast Japan and left 27,500 people dead or missing.

It is set to compile several extra budgets to cope with the disaster with the first likely due next month but it will initially focus on urgent steps such as construction of temporary housing, leaving markets few clues about when reconstruction demand will start to give a much needed lift to the economy.

In the survey, the headline index slipped below the 50 threshold that separates contraction from expansion for the first time in three months, while the extent of the drop from the previous month exceeded those seen after the attacks of September 11, 2001, and the collapse of Lehman Brothers in 2008.

"Suppliers' delivery times lengthened at a survey record pace amid widespread disruption in the supply chain resulting from the disaster," said Alex Hamilton, economist at Markit.

"These delays could affect production in coming months and drive input price inflation even higher than the two-and-a-half year peak seen in March."

The output component of the PMI index dropped to a two-year low of 37.7 in March from 53.9 in February, logging the fastest decline on record with a number of respondents saying rolling blackouts and logistical problems in their supply chains restricted production, the survey showed.

The index for new orders also dropped to a two-year low of 39.6 from February's 54.3. Some manufacturers responded that customers had to cancel or postpone orders.

Dealing an additional blow to manufacturers, the input price index increased to 65.2, the highest since September 2008, due to higher costs of raw materials such as crude oil and naphtha.

The survey, conducted between March 11 and March 25, received only two-thirds of its average number of responses.