May 20
PROVIDENCE – Providence’s debt earned a C+ and ranked No. 49 among 100 U.S. cities’ to be “in the red,” according to Men’sHealth.com.
In order to calculate its “American Cities With the Most Debt,” the publication looked at personal bankruptcy rates (FDIC); average credit scores, debt, late payments, and credit usage (Experian); percentage of homes facing foreclosure (RealtyTrac); percentage of homeowners and renters who spend more than 30 percent of their income on housing (U.S. Census); and average 401(k) contributions (BrightScope).
The most in-debt city, at No. 100, was Las Vegas.
“Have you heard about the new high-stakes game in Vegas? It’s a gamble cal
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May 19
Despite committing to reducing red tape, Government plans to extend flexible working and parental rights will burden liability insurance holders.
The Government plans to extend flexible working and introduce changes to parental leave. These changes are expected to hit small business with more administration although allowing for effective planning.
The Federation of Small Businesses (FSB) acknowledges that parental leave is already complicated for small businesses to administer and the group have been calling for a reform for quite some time.
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May 18
Flags on campus are lowered for Professor Emeritus Norman Macintosh.
Professor Macintosh came to Queens in 1967 where he served for more than three decades. He was the only professor to garner the School of Business Research Excellence Award twice. He was inducted into the Queens School of Business Faculty Hall of Fame in 2009.
His visiting appointments in Europe, the United States, Australia and Asia testify to the international reach of his research and teaching. Two of his books are regarded as classics in the field of behavioural accounting. His articles, published in the top academic journals in his field, attracted worldwide attention and continue to be widely cited by his peers.
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May 17
Hewlett-Packard, the world’s largest IT company, revealed today that its revenue grew by just 3% in its most recent financial quarter.
By way of comparison, the average rate of revenue growth in the business IT industry – as measured by the Information Age Index – is currently just over 10%.
The company’s overall performance was blighted by a 5% drop in sales for its PC and laptop division, down to $9.4 billion. This drop reflected a 23% plunge in consumer device sales. The
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May 16
Job growth is slowly on the rise according to analysts. Recently the annual list of Best Cities for Jobs was release with some surprising results. Last year the reports showed a gloomy outlook when only 13 of 397 metropolitan areas experienced any growth. For this year’s list, which measured job growth in the period between January 2010 and January 2011, most of the best-performing areas experienced increases in employment increases.
Almost 400 metropolitan statistical areas are ranked based on employment data from the Bureau of Labor Statistics reported from November 1999 to January 2011. Rankings are based on recent growth trends, mid-term growth and long-term growth and momentum. Read more…
May 12
A group of US senators has written to the country’s stock exchange regulator calling for tougher rules on the disclosure of cyber attacks.
The senators want the Securities and Exchange Commission to oblige publicly listed companies to tell the market if they suffer a “material network breach,” the Wall Street Journal reports, and to disclose what data or intellectual property might have been stolen.
“In light of the growing threat and the national security and economic ramifications of successful attacks against American businesses, it is essential that corporate leaders know their responsibility for managing and disclosing information security risk,” the five senators wrote in their letter.
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