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May 18, 2010

Written by Bob Meyer, Editor of BarterNews

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From the desk of Bob Meyer... 05/18/2010

“60 Minutes” Reports On Homeowners Getting Unshackled

On Sunday, May 9, “60 Minutes” featured Morley Safer exploring the growing trend in the U.S. that sees homeowners who can afford their house payments, choosing not to pay. Instead they are making the decision to “walk away” from their home because the valuation has dropped dramatically.

According to Safer, “The decision to walk away from the sinking home, by people who can afford to pay, is spreading like a virus.” There is now a web site (www.youwalkaway.com) that urges homeowners who are underwater to unshackle themselves from their mortgages and, for a fee, shows them how to default on purpose.

Full Job Recovery Expected By 2018

A Cal State Long Beach economist says the country may not return to pre-recession employment levels for eight more years. Joseph Magaddino, chair and professor of economics at the California university, noted that the country has lost 8.4 million jobs during the recession. So far this year, it has created about 600,000 jobs.

But with population growth alone, the U.S. needs 1 million new positions to just stay even. If 2 million new jobs are created each year, half of those will go to normal growth, leaving only 1 million new positions to be filled by those who are out of work. At that rate, it will be 2018 before we get rid of the deficit in jobs.

Tax Break For Employers Also Benefits Employees

Employers can make awards to workers valued as much as $400 a year for good attendance, safe driving, years of service, and so on. The criteria must be objective and fair, but the awards aren’t taxable to the employee and are fully deductible by the employer.

Trade Exchange & Business Network Sponsors Free Movie Night

“The Friends In Business Network” (TFIBN) is the marketing arm of the ITEX network in San Diego. The two entities are sponsoring a free movie night on the last Tuesday of every month.

For more information click here.

Correction On April 27 Announcement

In our April 27 edition of From The Desk Of..., we reported a web site where Bartercard members can purchase real estate. That site, we’ve been informed, is not operated by Bartercard.

The official Bartercard site, which has the real estate section, is www.Bartercard.com.au.

All back issues of "From the Desk...” can be accessed by clicking here.

(Please feel free to forward our newsletter to your friends and colleagues. We have a “box” at the end of the newsletter for your convenience. See you next week. . .)


ITEX Holds 28th Annual Convention

This week from May 17 to 19, the nation’s largest barter company, with over 24,000 members, will be holding its 28th annual convention in Las Vegas.

A full slate of sessions are scheduled in addition to general business sessions. An array of subjects will be covered which include:

·         Creating control out of chaos

·         Adding non-profits to the trading community

·         Super media’s super trade exchange

·         Strategies for building member loyalty and improving member participation in trade activity

·         Trade directing round table

·         Corporate overview (by CEO Steven White)

·         Overview of Microsoft products including Windows 7 and Office 2010

A special recognition and awards-presentation ceremony will be held at the gala banquet Wednesday evening.

ITEX To Pay Cash Dividends

The ITEX Board of Directors (OTCBB:ITEX) has approved the initiation of a cash dividend to their shareholders. Quarterly dividends of 2.5-cents a share (10-cents annually) will be paid to shareholders of record at the close of business on June 15, 2010.

On April 15 ITEX announced a one-for-five reverse stock split, which took effect on May 3, 2010.

For more information on ITEX click here.


Is Your Trade Exchange Missing Out On Valuable New Business?

If your barter company’s listing on BarterNews.com isn’t current, you are definitely missing out on new business. The web site BarterNews.com receives heavy traffic — with over 150,000 page-views every month. Entrepreneurs and corporate executives check the thousands of articles, the weekly “Tuesday Report,” and the “Contacts Section” of our site. They use the latter to find barter companies with which to do business.

Is your barter company’s listing up-to-date?

To keep your listing current is very easy. See the links below to (A) update any changes to your company’s listing, such as new location, phone number, web site or other information, and (B) if your company has not been listed.

Here’s how to get on board:

To make changes to your listing click here.

For new listings click here.


CNBC’S “Power Lunch” Had Featured Segment On Barter

On Thursday May 13 the national business cable channel CNBC, devoted time to a piece about the commercial barter industry. It was aired on their “Power Lunch” segment under the banner, Business Coast-To-Coast.

Filmed and featured was entrepreneur Richard Sallone, a New York City florist and a member of IMS Barter. He was effusive in his comments about how barter has affected his business, exclaiming, “I would not be here today if it wasn’t for barter.” He went on to explain that 20% of his sales are done on trade, including travel to Holland for flowers.

Also interviewed by CNBC was CEO Don Mardak of IMS Barter.

For more information click here

* * ANNOUNCEMENT * *

25 Years Of BarterNews Issues Now In Digital Format

Welcome to the largest repository of barter contacts, strategies, and barter techniques in the world. All 64 issues of BarterNews now available in digital format at http://www.barternews-ezine.com.


·         International visitors look for BARTER CONTACTS in our Global Barter Section. If YOUR exchange isn’t listed see the forms on the lower left of the page. (Click here.)

·         Attention trade exchange owners...thousands of visitors every month visit our BARTER CONTACTS section on our web site where we have names & addresses of barter companies in the USA. If YOUR exchange isn’t listed, or the information is incorrect, you can correct the situation by using the forms to the lower left of the USA map. (Click here.) 

Click here www.barternewsblog.com.


BizXchange Offers Health-Care Trade Options

BizXchange, a barter company with offices in Seattle, San Francisco and Dubai, reported they have been offering their 2,000 members health care services, via barter, for the past eight years.

Members have saved nearly $4 million on health-care related services since BizX was founded in 2002. Members of the medical community (doctors) accept BizX trade dollars offered through the business-to-business barter network.

The benefits to companies using barter through BizXchange is that they are able to offer health care to employees and their families without spending cash. Services offered on trade include dentists, vision care specialists, chiropractors, physical therapists and plastic surgeons.

For more information on BizXchange click here.



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The Growth and Use of Secondary Capital (New Money) Creates Unprecedented Wealth In Today’s New Age Of Possibility

There are many forms of secondary capital—which can be defined as any financial instrument that measures and communicates value in a common language. Would you like to see and learn more about the many forms of secondary capital?

 We have 70 free, informative and inspiring, articles for you in our “Secondary Capital Section.”

Check it out... www.barternews.com/secondary_capital.htm.


Get New Money-Making Ideas And Valuable Contacts!

You can obtain useful, informative ideas and contacts in every available back-issue of BarterNews.


Every barter company in the world is listed on our web site, click through to our Global List of Barter Companies.


Give A Gift To A Friend Or Associate. If you know someone who might benefit from this newsletter, feel free to forward it to them! (See the “box” at the end of the newsletter for the forwarding service.)


We welcome your comments, questions, and observations.

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