May 18, 2010
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
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
For more information
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
The official Bartercard site, which has the real estate
back issues of "From the Desk...” can be accessed by
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
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.
full slate of sessions are scheduled in addition to general business
sessions. An array of subjects will be covered which include:
control out of chaos
non-profits to the trading community
media’s super trade exchange
for building member loyalty and improving member participation in
directing round table
overview (by CEO Steven White)
of Microsoft products including Windows 7 and Office 2010
special recognition and awards-presentation ceremony will be held at
the gala banquet Wednesday evening.
Pay Cash Dividends
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.
April 15 ITEX announced a one-for-five reverse stock split, which
took effect on May 3, 2010.
more information on ITEX
Is Your Trade Exchange Missing Out On
Valuable New Business?
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.
your barter company’s listing up-to-date?
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:
make changes to your listing
CNBC’S “Power Lunch” Had
Featured Segment On Barter
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
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.
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
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
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.
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
more information on BizXchange
Money-Making Reports Available From BarterNews
How To Get More Sales In
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant’s sales & profits.
The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today’s New Age
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...
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back-issue of BarterNews.
barter company in the world is listed on our web site,
click through to our Global List
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