'American'에 해당되는 글 9건

  1. 2009.01.29 Americans receiving jobless benefits hit record by CEOinIRVINE
  2. 2009.01.29 The American Dream Is Still Strong by CEOinIRVINE
  3. 2008.12.22 Smart Tax Moves To Make Right Now by CEOinIRVINE
  4. 2008.12.12 Delay in American TV bids may help Chicago 2016 by CEOinIRVINE
  5. 2008.12.08 American Autos Worth Saving And Writing Off by CEOinIRVINE
  6. 2008.12.02 American Autos Worth Saving And Writing Off by CEOinIRVINE
  7. 2008.11.29 businessmen of the year by CEOinIRVINE
  8. 2008.11.07 Hispanic Activists Cite an Uptick in Threats of Violence by CEOinIRVINE
  9. 2008.10.10 The End Of American Capitalism? by CEOinIRVINE 1

The number of people receiving unemployment benefits has reached an all-time record, the government said Thursday, as layoffs spread throughout the economy.

The Labor Department reported that the number of Americans continuing to claim unemployment insurance for the week ending Jan. 17 was a seasonally adjusted 4.78 million, the highest on records dating back to 1967.

A department analyst said that as a proportion of the work force, the tally of unemployment recipients is the highest since August 1983.

The total released by the department doesn't include about 1.7 million people receiving benefits under an extended unemployment compensation program authorized by Congress last summer. That means the total number of recipients is actually closer to 6.5 million people.

Meanwhile, the tally of Americans filing new jobless benefit claims rose slightly to a seasonally adjusted 588,000 last week, from a downwardly revised figure of 585,000 the previous week.

That's close to the 26-year high of 589,000 reached in late December, though the labor force has grown by about half since then.

The Labor Department's report comes as large corporations from virtually all sectors of the economy are announcing massive layoffs.



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It takes a lot to blunt the optimism of the American people, and this recession has certainly put a dent on our outlook. However, when we measure how people feel about their long-term goals in life, it is remarkable how optimistic they remain.

At Zogby International, one unique way we measure those attitudes is by asking whether people believe they and their families can achieve the American Dream. In December, I wrote about the growing number of people who see the American Dream as a measure of spiritual, rather than material, achievement. Given the hard economic times, let's look more closely at its financial dimensions.


 

Over a two-month period, separate Zogby Interactive polls found the percentage of likely voters saying they believe in the American Dream dropped from 67% immediately after the election to 56% in the second week of January. Anytime you see a dip of 11 points over such a short period, you know something significant is happening.

Yet, I am even more struck that a majority still believes they can realize the American Dream during a time that many say is the worst since the Great Depression. There was not a single demographic group we measure (age, income, race, religious habits, etc.) where the plurality did not express this belief. The near exception was among those with family incomes of $25,000 to $35,000, who were equally as likely to believe they could achieve the dream (36.6%) as to say it does not exist (36.6%).

What motivates our citizenry to see that ideal within reach when banks are failing and jobs are being shed by all sorts of businesses? In an early January Zogby Interactive poll of nearly 3,500 likely voters, we offered reasons why they might believe or disbelieve in their chances of achieving the American Dream and asked them to choose the two that most applied.

We found that the objective reality of their current job or financial situation was often secondary. For believers, faith in themselves and the American ideal of opportunity for those who want it ranked highest. Those who said the American Dream did not exist were most likely to blame the powerful who didn't care about them. Next was rejection of the idea of U.S. exceptionalism.

Here are the top reasons for believing in the national dream:

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At no time in American history has it been more important to keep tabs on changes in the tax code--and believe us, plenty are on the way.

Dealing with the impending deluge won't be fun, but better to be prepared and sulking than caught off guard and suddenly short of cash. Meanwhile, there are plenty of moves to make before the end of the year--and certainly by next April.


Assuming your business runs on a calendar year and you want to cut this year's tax bill, you have three basic options: collect less money from customers, increase expenses or both. To what degree you do any of these should depend on how much cash you need today--and what you think President-elect Obama and company have in store for the tax code down the road. (That second part matters a lot to entrepreneurs looking to pass on their fortunes to the next generation.)

In Pictures: 11 Tax Moves To Make Right Now

Have questions about running your small business better? Go to the Forbes.com Small Business Exchange and ask our cadre of experts.

If you keep your books on a cash basis, every penny you collect before Dec. 31 will be taxed in April; likewise, every penny you spend will reduce taxable income and shrink your tax bill in four months.

If you keep your books on an accrual basis--meaning that you match revenues and expenses regardless of the timing of cash flows--you have a bit more flexibility. With big changes to the tax code on the way, "clients are asking more questions about the timing of income than ever before," says Mark Nash, a partner at PricewaterhouseCoopers.

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From a pure financial perspective, Chicago would have the most to gain if the International Olympic Committee delays the bidding on American television rights for the 2016 Games until after the site is chosen.

The IOC's top negotiator said Wednesday that delaying the bidding process for the 2016 Olympics until after the location is known makes the most sense in the current financial climate. Normally, the bidding takes place before the site is selected.



Chicago, Madrid, Rio de Janeiro and Tokyo are the finalists. One of the four will be chosen Oct. 2.

"In that sense, it removes some of the uncertainty, which may work to our advantage or not," IOC finance commission chairman Richard Carrion said of the possible delay.

It's a delicate subject, one the Chicago 2016 people didn't want to delve into too deeply.

"Our official public stance would be that that decision is separate from the bid race, and we don't believe it has any impact on us trying to win the bid," said Chicago 2016 spokesman Patrick Sandusky.

U.S. Olympic Committee officials and officials from NBC declined comment.

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American Autos Worth Saving And Writing Off

Jacqueline Mitchell, 12.01.08, 04:00 PM EST

Some cars are worth it to Detroit to keep building--others are to blame for the automakers' demise.

This week, Detroit auto executives will deliver a plan designed to convince Congress--and consumers--that they're worthy of a $25 billion bailout that will help keep them in business. But some cars made by the big three--Chrysler, GM and Ford--are so unpopular with consumers that it's hard for many to consider the idea of keeping the automakers afloat with taxpayer money.
 

Detroit automakers have been hit particularly hard because of the automakers' longtime reliance on gas-guzzling SUVs and big cars. Those models are seeing some of the worst sales, even with gas prices well off their July highs--currently at $1.82 per gallon on average in the U.S.

Market-research firm J.D. Power and Associates says 12.5% of GM's year-to-date sales were utility vehicles, compared with 5.9% of total sales for Toyota (nyse: TM - news - people ). But while Toyota's total sales are off 11.5% during the first 10 months of the year, GM's are down 20.4%.

The Hummer brand in particular, is too big, too expensive and too gas greedy for most of today's consumers. Hummer sales were off nearly 22% in 2007 compared with 2006, and when gas prices reached $4 a gallon this summer, Hummer's fate was sealed. Its sales were off nearly 49% during the first 10 months of the year, compared with the same period last year




However, the big three do build plenty of cars that are enjoying strong sales even during the tough economic times (though 2.5 million consumers chose not to buy a car this year because of tighter credit and economic uncertainty). It's the automakers' poor performers that are helping drag down the industry.

Posted by CEOinIRVINE
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Some cars are worth it to Detroit to keep building--others are to blame for the automakers' demise.

This week, Detroit auto executives will deliver a plan designed to convince Congress--and consumers--that they're worthy of a $25 billion bailout that will help keep them in business. But some cars made by the big three--Chrysler, GM and Ford--are so unpopular with consumers that it's hard for many to consider the idea of keeping the automakers afloat with taxpayer money.

However, the big three do build plenty of cars that are enjoying strong sales even during the tough economic times (though 2.5 million consumers chose not to buy a car this year because of tighter credit and economic uncertainty). It's the automakers' poor performers that are helping drag down the industry.
 

Detroit automakers have been hit particularly hard because of the automakers' longtime reliance on gas-guzzling SUVs and big cars. Those models are seeing some of the worst sales, even with gas prices well off their July highs--currently at $1.82 per gallon on average in the U.S.

Market-research firm J.D. Power and Associates says 12.5% of GM's year-to-date sales were utility vehicles, compared with 5.9% of total sales for Toyota (nyse: TM - news - people ). But while Toyota's total sales are off 11.5% during the first 10 months of the year, GM's are down 20.4%.

The Hummer brand in particular, is too big, too expensive and too gas greedy for most of today's consumers. Hummer sales were off nearly 22% in 2007 compared with 2006, and when gas prices reached $4 a gallon this summer, Hummer's fate was sealed. Its sales were off nearly 49% during the first 10 months of the year, compared with the same period last year




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businessmen of the year

Business 2008. 11. 29. 07:27

Businessmen of the Year

Rebecca Buckman, 12.08.08, 12:00 AM EST

China's Yang Yuanqing and American William Amelio pursue a different PC strategy for Lenovo, challenging mindsets and market dips along the way.

image

William Amelio and Yang Yuanqing

Forbes Asia's first such honorees from a Chinese company are actually not to be found in China in the normal course of business. Silicon Valley correspondent Rebecca Buckman did get lucky on her visit to the Beijing offices--Lenovo Group Chairman Yang Yuanqing was in China for a Wal-Mart conference and other company business. Usually he's in Raleigh, North Carolina, as Buckman's story that follows explains. ceo William Amelio can be anywhere: working out of his office in Singapore, jetting to a foreign locale or hunkering down in a hotel (as long as it has a gym). Such is the stuff of a modern technology concern, although Lenovo is clearly a special case.

In this year of crashing markets few companies are immune from the effects. Yang and Amelio now have something else to work through. But the record to date, including managing the absorption of a signature Western brand, bodes well for the future of a global company with Chinese characteristics. As tech analyst Ezra Gottheil says, "They're trying to pull something off in two years that takes most companies five or ten." And they're doing pretty well.

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Janet Murguía, president of the National Council of La Raza, speaks, flanked by the Rev. William Barber II of North Carolina's NAACP and activist Andrea Bazán.
Janet Murguía, president of the National Council of La Raza, speaks, flanked by the Rev. William Barber II of North Carolina's NAACP and activist Andrea Bazán. (By Octavio Jones -- Associated Press)

Andrea Bazán said she has thick skin and is not easily frightened by death threats. But when the Hispanic activist arrived home one day to find her voice mail packed with profanity, and when she noticed a man watching her house in Durham, N.C., from a white commercial van with no license plates, her heart started to pound.

On a recent Monday night, she said, an unidentified man pounded on the front door of her house, frightening her. About a month earlier, on Labor Day, her house was broken into, and the smoke detectors were removed. "I am a mother. . . . I was scared," said Bazán, president of the Triangle Community Foundation in Durham and a board member for the National Council of La Raza. "I've been open with them about the fact that sometimes I have a bodyguard."

For some Hispanic activists such as Bazán, this is life on the front lines of the debate over illegal immigration. Leaders of the largest Hispanic civil rights groups -- the Mexican American Legal Defense and Educational Fund (MALDEF), the League of United Latin American Citizens (LULAC), and La Raza -- have received anonymous threats of violence and death. Bazán's home address and the names of her daughters were posted on a Web site.

Last month, a Raleigh man was convicted and sentenced to 45 days in federal prison for e-mailing death threats to La Raza and a Muslim advocacy group, the Council on American-Islamic Relations. Christopher Michael Szaz, 42, pleaded guilty to two misdemeanor charges of sending e-mail threats, and the U.S. attorneys said his prosecution was a message to others that sending anonymous threats and racist e-mail is a federal crime. Szaz, who said he was drunk when he sent the e-mails, must also perform 100 hours of community service at a Hispanic or a Muslim organization.

There are no statistics that specifically track threats against Latino activists. But leaders of several groups cite anecdotal evidence of increasing attempts at intimidation. "We've seen a rise in threats directed at Hispanic groups," said Janet Murguía, president and chief executive of La Raza. "We've seen a rise in hate groups. This is not just a feeling."

Some Latino leaders say the increased number of threats against Hispanic rights groups is part of a growth in attempts to intimidate Latino people. The FBI reported that hate crimes against Hispanics rose from 595 to 819 from 2003 to 2006, the year of the massive immigration demonstrations.

"I think people do feel afraid, and legitimately so," said John Trasviña, president and general counsel of MALDEF. "I'm really struck by how easily people can find me, how high their voices are, the frustration and anger, yet they're talking to a machine."

Brent Wilkes, executive director of LULAC, said: "Most of them don't threaten you individually. Most of them say there's going to be blood in the streets, or you're forcing us to take this kind of action, or you're creating a war. The part I haven't seen yet is an actual advocate like in the civil rights era being beaten."

That is because the intimidation cited by the Hispanic groups and the Southern Poverty Law Center is largely a fabrication, said William Gheen, president of Americans for Legal Immigration in Raleigh. They are "trying to use those statements for a political purpose," he said. "We haven't seen any documented manifestation of violence against" the staff of the N.C. nonprofit advocacy group El Pueblo or any Hispanics in the state, he added.

Conversely, Gheen said, Americans are threatened by illegal immigrants. "Legal immigrants are screened for a criminal background," he said. "Illegal immigrants are not screened. El Pueblo . . . tries to label anybody who speaks out against illegal immigrants as hateful or mean-spirited."

Immigration has been a difficult subject since the mid-1980s, when an amnesty was extended to illegal immigrants, but federal reforms to curtail the migration -- such as tough sanctions against businesses that hire illegal immigrants -- were never enforced. The issue exploded again in 2006 when millions of illegal immigrants, many wearing the colors of their native countries and enthusiastically waving their flags, and their supporters took to the streets to demonstrate for workers' rights, a path to legal citizenship and other reforms.

Many Americans watched in disbelief, saying they were upset that 12 million to 15 million immigrants, mostly from Latin America, were living in the country illegally, and that hundreds of thousands more were sneaking across the border with Mexico every year to take jobs, buy houses and attend schools, often with falsified documents.

North Carolina's Hispanic population started growing in 2002, spiking sharply in recent years as undocumented immigrants chased the state's numerous meat processing and farm worker jobs. "I think people here were not prepared for this fast-growing community to come," said Bazán, a U.S. citizen and a native of Argentina.

Bazán helped to start El Pueblo, which lobbied North Carolina's General Assembly in 2005 to allow immigrants -- legal and illegal -- to pay in-state tuition at universities and colleges. North Carolinians objected, and the legislation failed. "It hit a raw nerve," Bazán said.

Hate mail poured into the offices of El Pueblo, prompting state police to monitor the group's computers. El Pueblo mounted cameras in the offices and told its employees to take precautions. "It changed the way we operated," Bazán said. "We were in this whirlwind."

Tony Asion, a Cuban American and former police officer who is executive director of El Pueblo, said he is concerned enough to take a different route home every day, check under his car, and order his staff members to never work or travel to events alone.

"My staff is scared to death," he said.


 

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Washington Post Staff Writer
Friday, October 10, 2008; Page A01

The worst financial crisis since the Great Depression is claiming another casualty: American-style capitalism.

Since the 1930s, U.S. banks were the flagships of American economic might, and emulation by other nations of the fiercely free-market financial system in the United States was expected and encouraged. But the market turmoil that is draining the nation's wealth and has upended Wall Street now threatens to put the banks at the heart of the U.S. financial system at least partly in the hands of the government.

The Bush administration is considering a partial nationalization of some banks, buying up a portion of their shares to shore them up and restore confidence as part of the $700 billion government bailout. The notion of government ownership in the financial sector, even as a minority stakeholder, goes against what market purists say they see as the foundation of the American system.

Yet the administration may feel it has no choice. Credit, the lifeblood of capitalism, ceased to flow. An economy based on the free market cannot function that way.

The government's about-face goes beyond the banking industry. It is reasserting itself in the lives of citizens in ways that were unthinkable in the era of market-knows-best thinking. With the recent takeovers of major lenders Fannie Mae and Freddie Mac and the bailout of AIG, the U.S. government is now effectively responsible for providing home mortgages and life insurance to tens of millions of Americans. Many economists are asking whether it remains a free market if the government is so deeply enmeshed in the financial system.

Given that the United States has held itself up as a global economic model, the change could shift the balance of how governments around the globe conduct free enterprise. Over the past three decades, the United States led the crusade to persuade much of the world, especially developing countries, to lift the heavy hand of government from finance and industry.

But the hands-off brand of capitalism in the United States is now being blamed for the easy credit that sickened the housing market and allowed a freewheeling Wall Street to create a pool of toxic investments that has infected the global financial system. Heavy intervention by the government, critics say, is further robbing Washington of the moral authority to spread the gospel of laissez-faire capitalism.

The government could launch a targeted program in which it takes a minority stake in troubled banks, or a broader program aimed at the larger banking system. In either case, however, the move could be seen as evidence that Washington remains a slave to Wall Street. The plan, for instance, may not compel participating firms to give their chief executives the salary haircuts that some in Congress intended. But if the plan didn't work, the government might have to take bigger stakes.

"People around the world once admired us for our economy, and we told them if you wanted to be like us, here's what you have to do -- hand over power to the market," said Joseph Stiglitz, the Nobel Prize-winning economist at Columbia University. "The point now is that no one has respect for that kind of model anymore given this crisis. And of course it raises questions about our credibility. Everyone feels they are suffering now because of us."

In Seoul, many see American excess as a warning. At the same time, anger is mounting over the global spillover effect of the U.S. crisis. The Korean currency, the won, has fallen sharply in recent days as corporations there struggle to find dollars in the heat of a global credit crunch.

"Derivatives and hedge funds are like casino gambling," said South Korean Finance Minister Kang Man-soo. "A lot of Koreans are asking, how can the United States be so weak?"

Other than a few fringe heads of state and quixotic headlines, no one is talking about the death of capitalism. The embrace of free-market theories, particularly in Asia, has helped lift hundreds of millions out of poverty in recent decades. But resentment is growing over America's brand of capitalism, which in contrast to, say, Germany's, spurns regulations and venerates risk.

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