Business Pivot Point

The number of people for employment from the past week has increased rapidly. The people applying for insurance of unemployment have also gone up. The first time claims for this insurance showed rise in joblessness in US. The labor market is struggling as the recovery is not still in sight. The economic recovery is uneven as the market is struggling to rebound.

The applications have a sudden rise from 22,000 to 496,000 in the past few days. The weekend of February 20 showed the initial jobless increase. The survey was released by the labor department on Thursday in Washington. The number of people who attained the benefits of unemployment insurance gained. The number of people who availed the benefits of extended benefits decreased marginally.

The recession is one of the worst seen from 1930s the report said. Companies around the globe are excepting sustained sales. The increase in sale will benefit the employees adding to their payrolls. The manufacturers should help the US to come out of the recession. The average forecast of 9.8% of unemployment rate is seen in this year. Around 70 % of US economy is from housing and consumer spending.

Have you ever wondered that how are parents, who did not have as much income as we do or rather only one of them use to work, managed to rear us, their children, without compromising on our upbringing? If you are to commence argument saying that today’s standard of living is costlier than that of theirs, then you should also consider the fact the if on an average, the older generation had 3 children, the current generation has only one.

We, the current generation, are taken away by the luxury surrounding us. We do not have the control over our temptation to spend lavishly and seek all comforts possible. Our parents only went for minimal comforts. They thought twice before spending. Now, we take spending on luxury as a measurement of our status.

We want our friends, our known ones, our relatives to all know that we live a high standard of living. We tend to spend more than our earning capacity, by way of using credit cards, loans etc. and when we have a financial crisis, default payments and get into legal problems.

When we earn, we also should learn to save. But , it is very important that by investing some money and getting loans which might be multiple times more than the investment is not wise way of saving.

In the recent time, we have heard so many children taken to violence. The number of incidents are many, though most of them go unreported. Why do children get violent? Why do they do things that we would dare not think at our childhood?

The answer will be because of adults. More because of their own family members. Kids, right from the time they are in womb, should have been experiencing positive approach and love in the family. Rather than teaching them love, sharing, unity etc, they should automatically get it from their family members. They should feel all these from them.

Unfortunately, what happens these days are that parents fight right in front of the children. Especially, when both the mother and father are working, they come home after a tiring day from their workplace and spend very little time with their children. They have to finish their house chores, cook, tidy etc. By this stressful life, they get frustrated and fight with each other. Sometimes, they ignore the children altogether or even worse, take it on them.

By these the kids get depressed. Some may turn violent to escape from the depression, some may develop insecurity that shows as lapse in their personality.

So far the US authorities have been worried about the security issues and hence banned the usage of social networking sites like Twitter, Facebook and You-tube. The increasing popularity of the social networking sites in the last few years has made the US authorities to review the security issues and the benefits of using these sites.
The authorities have concluded that the benefits are far higher than the security concerns and hence have allowed all the US troops across the globe to use Twitter, Facebook and Youtube websites officially. The troops spread thousands of miles away can now feel at home by chatting and tweeting with their friends and relatives on a regular basis. In fact the US administration can check out on cutting down their recreation / comfort costs for their troops as they would be getting benefits through the use of social networking sites.

Stimulus measures introduced to boost the Indian economy during the downturn will be reviewed, the government said as it unveiled its annual budget.

Indian federal finance minister Pranab Mukherjee said the measures had helped to maintain strong growth, but inflation must now be controlled.

The government also pledged to cut debt levels and review public spending.

The Indian economy is expected to grow by 8.7% in the current fiscal year, Mr Mukherjee added.

“The Indian economy now, is in a far better position than it was a year ago,” he said.

“The first challenge before us is to quickly revert to the high GDP growth path of 9%.”

India’s economy is recovering faster than expected - it grew at an annual rate of 7.9% in the three months to the end of September 2009, after growing 6.7% in the year to the end of March 2009.

People get insured all the time. There are insurances for almost anything and everything now. There is health insurance. There is life insurance. There are all kinds of other insurances as well. But, the trick invariably is getting that insurance quote which would give you the kind of insurance cover you need and also fit into your pocket in terms of the spends that is affordable to you.

Almost all economies seem to be recovering pretty fast now. It is the turn of the US now. The US economy grew at an annualised rate of 5.9% in the last three months of 2009, revised official figures have shown. The rate is higher than the first estimate of 5.7%.

The figures confirm the world’s largest economy is emerging rapidly from recession. According to economists, the rise was down to an increase in manufacturing output rather than stronger consumer spending. In fact, growth in consumer spending was revised down from 2% to 1.7% in the quarter. Manufacturing rose to meet the demand from retailers and businesses who had allowed stock levels to fall.

Business spending on equipment and software, for example, saw an 18.2% rise, while exports of US goods rose by 22.4% - the fastest pace in 13 years.

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The UK economy grew by 0.3% in the final three months of last year, faster than previously estimated. The revision was due to stronger growth in services and production.

The initial estimate released last month said the UK economy had grown by 0.1% in the last quarter of 2009, meaning it had emerged from recession. However, the size of the overall contraction in gross domestic product (GDP) during the recession increased, from a 6% fall to a 6.25% drop. Prior to the October to December period, the economy had contracted for six consecutive quarters - the longest period since quarterly figures were first recorded in 1955.

Getting business intelligence becomes actually more and more difficult at a time when collecting data becomes easier and easier. It might look like a paradox. If the data collection is easier and is becoming a lot cheaper, why should the intelligence part of it become more and more difficult? That is where the factors such as data overload and the need for intelligent software arise.

With more and more data being available from every single facet of the business, it also becomes very important to be clear about what all you want to see as information. What chunks of data should form the information for you? What is the critical information which will help you to take the decisions that you need to take?

That is where you need an intelligent reporting software. That is where you also need a dashboard software which can integrate all the data that you get from various sources and pool them into one single place.

This is where the business intelligence comes on its own. You can integrate diverse pieces of data using the rules and you can see the dashboard the way you cant to see. You can get the ERP data into it. You can get financial and production information along with the shipping data into it.