September inventory and sales figures are helping renew optimism in the economic recovery after August figures fed fears that the economy was entering another slump. August’s bad news was found in the miniscule 0.1 percent rise in business inventories. August’s tiny rise was the smallest in over a year. August sales also fueled skepticism with… Continue Reading
Last week’s midterm elections not only favored Republicans in overwhelming numbers, but also said yes to the continuing trend to liberalize marijuana laws. Two additional states joined Colorado and Washington in permitting recreational use of cannabis, along with an overwhelming vote in favor in Washington DC. As more states come aboard the weed wagon, it… Continue Reading
Just a tad more than 14 years after the horrifying events of September 11, 2001, a new building has re-opened on the site of the destroyed Twin Towers. Also called the World Trade Center, the country’s tallest building stands at 104 stories and cost $4.22 billion to construct. The new tower is the centerpiece of… Continue Reading
Barrett Wissman is a businessman with a passion: to bring performing arts to the people. Under the auspices of his Los Angeles, California-based company IMG Artists, Wissman can do exactly that. The idea behind IMG is to bring dance, theater, music and more to the maximum number of people while still maintaining the highest level… Continue Reading
In another burst of “out-of-the-box” thinking, Tesla Chief Executive Elon Musk wrote in a blog on October 25 that customers leasing the company’s new Model S electric car will have the option of returning the car within 90 days and have the remainder of their lease obligation nullified. This offer is for purchasers of cars… Continue Reading
On October 17, 2014 the American and Ceylon Chambers of Commerce joined with the Ministry of Industry and Commerce to co-host a US-Sri Lanka Business Forum. The event took place in parallel with the 11th Trade and Investment Framework Agreement, known as TIFA, joint council meeting. Two business leaders, Anura Siriwardena, the Secretary from the… Continue Reading
The third possible buyer in as many years decided not to jump into the purchase of T-Mobile US. The French affordable telecom operator Iliad SA stepped down from the deal, which was never formalized, when it faced resistance from T-Mobile’s majority owner Deutsche Telekom. Detutsche Telekom, according to a person familiar with the company’s mindset,… Continue Reading
Despite data showing that the US economy grew at its fastest rate in eight years during the second quarter of 2014, Americans still believe that the country is still in the midst of a recession. The economy swelled during the Q2 at an annualized rate of 4.6 percent, duplicating the fastest quarterly growth since 2006.… Continue Reading
Now that the long, cold winter is fading into the past, spring is bringing warmth as well as growth to the US economy. According to the government, the US economy saw 4.6 percent annualized growth during the 2nd quarter of 2014, compared to a 2.1 percent slowdown in the first quarter. Analysts expressed optimism that… Continue Reading
The excitement on Wall Street is becoming palpable as investors, analysts and observers watch carefully what magic the Chinese on-line giant Alibaba is going to create when it launches its initial public offering. Some are saying the stock-offering will break records as it ventures to expand its already huge role as a global company looking… Continue Reading