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February 20, 2008

February Business Check

Business news isn’t so hot lately. Consumer debt levels are alarming and many worry about a reduction in consumer spending in the ensuing months. Homes sales continue to fall. Coupled with rising costs in the supermarket for bread, milk and other staples business owners wallets might prepare for lean times ahead.

Consumers spending accounts for 70% of the manufacturing of goods and services in the U.S.

Meanwhile the U.S. sends out $37 billion in tax breaks to multinational corporations (like IT companies, credit card companies, telephone companies, … etc) gamed by lobbies to the politicians.