Just moments ago, on the anniversary of Lehman Brothers bankruptcy, President Obama warned Wall Street against taking more reckless risks with Americans money. He told Wall Street that there would be no more bailouts and he credited the $787 billion ‘stimulus package’ for saving America from another Great Depression.
Times continue to be difficult for businesses about a year into this recession. So many small and medium businesses I’ve recently spoken with are either going under or selling out, I’m beginning to take it personally (yeah, it’s all about me!). During good times, anyone can drift along, and during tough times, the weaklings fall off the grid, but during particularly hard times like right now, only the best survive. Being average no longer cuts it.
Starting today, Starbucks is testing a new idea by converting a few of its Seattle locations into a completely new storefront: (drum rolls!) selling beer, wine, and specialty foods in addition to its current line of coffees and pastries, and (double drum rolls!) debranding
With every economic downturn, there’s a flurry of mergers and acquisitions as a result of lowered market value, lower-tiered companies threatened to fall off the grid, and companies with a cash hoard searching for bargains.
In a lengthy interview with Alex McArthur, the VP of Search at OrangeSoda—a company which specializes in Search Engine Optimization and web-based marketing, I discovered that figuring out the bottom line is a bit more involved than I originally thought.
Later this year Copenhagen will host the final meeting on international climate policy at the government level before declaring the Copenhagen Protocol—a follow up to the 1997 Kyoto Protocol which expires in 2012.
Although measures of investor confidence are up from their December 2008 low, the dizzy American market still teeters on fear. And it’s no wonder. With a full basket of financial woes and dominoes still toppling around the world, the economic prophets declare the Great Recession will persist through the rest of 2009.
Synergy, a combination whose value is greater than the sum of the individual parts, danced like sweet business jargon through eBay’s corporate head when it acquired Skype in 2005. Indeed, former chief Meg Whitman paid $2.6 billion, or 43 times revenue, for its young telecommunications bride.