NEW YORK | Evan Horowitz, Small Business Advisor: “I don’t see many people picking up their phones and talking to their customers in person. And they are not building the kind of personal connections to lasting business relationships.”
NEW YORK | There was a time when entrepreneurs innovated and capitalism was mainly creative. And that is finished, according to Edmund Phelphs. Inspiring behavior has been suffocated by several years of Keynesianism and new Corporatism.
In what felt like an unexpected slap, US factory production shrank in November, the Institute for Supply Management’s factory index falling to 49.5 (50 marks the dividing line between expansion and contraction) from 51.7 in October instead of the expected 51.4. It’s the biggest contraction since July 2009, a clear sign of fiscal cliff angst.
Discretion advice: If you are an European businessman struggling to get credit, or a US home buyer looking for a reasonable interest rate mortgage, this may hurt your feelings: Canada’s banks are lending money.
The IMF gave a pat on Spain’s back on Wednesday. Although recovery is not at full speed, the country has made “important progress” in reforming the financial sector and will come out of recession in 2014 with a 1 per cent growth.
A country divided about economic uncertainties and foreign affairs issues is indulging in oversized family dinners this Thursday. Thanksgiving Day revives the Pilgrims’ legacy of the XVII century, the feast that became national holiday on 1863 thanks to President Lincoln. And it is also considered the Super Bowl of the big boys of retail.
As anger and despair over austerity spread in Europe, more US analysts are expressing their solidarity towards protesters and skepticism towards policy makers. A turning point was IMF’s shift, saying that tax hikes and spending cuts causing far more economic damage than experts had assumed.
This 2012 Black Friday edition American giant retailer Wal Mart is facing the biggest protests in its 50-year-history.
In a changing demographics America, Hispandering–trying to reach out Latinos by showing up with Hispanic stars in the campaign, dropping a few words in Spanish in the middle of the speeches–has become a must. The Republicans did not get it.
New York correspondent Ana Fuentes explains just-reelected President Barack Obama his duties, at home and abroad. The (T) party is finished, it’s time to work.