July 10, 2012
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
Inflation’s Effect On Earnings
Here’s an example on the effects of the gradual loss of
purchasing power over time. To keep up with inflation, for
example, on a $100,000 salary earned in 1990 you would have
to earn $172,103.29 in 2011. And what would have cost you
$100,000 in 1976 would cost you $381,000 today.
Trade Exchange Opens With Much Fanfare In Jamaica
The first trade exchange in the English speaking Caribbean,
Anbell Trade Exchange, was launched on June 29 at the
Wyndham Kingston hotel. Among the honored guests and
speakers were the country’s prime minister, the minister of
Industry, Investment and Commerce, and the International
Reciprocal Trade Association’s (IRTA) executive director.
Anbell Trade Exchange is an IRTA member.
IRTA’s 33rd annual international convention will be held in
Jamaica on September 13-15, at the all-inclusive Sunset
Jamaica Grande Resort & Spa in Ocho Rios. A never before
offer of $500 UC trade-dollar discount is being made by IRTA,
if convention plans are made by August 1.
For more details on the first-ever offer
Professional Advice Online
A new question-and-answer site offers professional advice to
people willing to pay for it. On Pearlcom LLC’s web site,
answers on legal and health topics will average about $30
apiece, and response times generally take 7.5 minutes. (Pearlcom
raised $25 million in financing from investors.)
Trillion Is A Staggering Number …
As a nation we spent $3.6 trillion last year on federal
government services, and about 33% (one of every three
dollars) of that was borrowed. That’s why our national debt
stands at $15.8 trillion. But how do you get your mind
around such numbers?
Consider this, if you stacked $100 bills on top of one
another, the pile would be 678 miles high to reach $1
trillion. For our national debt, which is 15.8 times that
amount, the stack would be 10,712 miles high!
Convention Coming August 2012
The National Association of Trade Exchanges (NATE)
convention on August 16 thru 18 is coming up soon. This
year’s venue will be the beautiful Atlanta Marriott Gwinnett
Place, with special pricing available for early
registration. Plus big discounts are offered for brokers who
For more information on the convention and its activities
www.natebarter.com or e-mail
Employee Training Programs Are Huge These Days
According to the American Society for Training and
Development, companies are offering more employee training
and leadership development than ever before to boost company
efficiency and output. In 2010, the most recent year of data
available, U.S. businesses spent $171.5 billion on training
and education programs.
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See you next week. . .)
Former Barter Baron Now
A Spa Mogul
Moreton Binn, former Chairman and CEO of Atwood Richards, is now CEO
of Xpres Spa, a leading retailer of spa services. With 38 locations
in the biggest airports in the U.S. and the Netherlands, they offer
travel related products as well as the usual spa services.
After earning a finance degree from New York University in 1958,
Binn worked in advertising and ran a promotional services agency
before purchasing Atwood Richards (a New York based corporate barter
company) in 1974, thus becoming its CEO at age 38.
Barter was taking on a greater prominence in those days, when the
U.S. broadcasting industry found a new use for it. Radio and TV
stations needed a lot of new expensive equipment, but didn’t have
the cash to buy it. So Atwood would provide whatever was needed in
return for airtime, of which the stations had plenty. Atwood would
then sell the acquired media time to its clients’ with companies
looking for exposure to plug their products.
relieving corporate clients of huge quantities of unsold goods,
ranging from Lotus cars to hockey pucks to bat manure, and giving
them goods/services in return, Binn became known as the Baron of
lived with his wife Penny, a clinical psychologist, for 37 years in
a 12-room Colonial home on Long Island near their 80-acre farm
(known as Pen-Mor — a blending of his name with that of his wife)
where Binn bred and raised thoroughbred horses. When Penny
tragically and suddenly died in a 1997 accident, Binn’s life was
subsequently made the decision to divest his interest in Atwood
Richards. Eventually remarrying, Binn founded Asian Business
Solutions, an international barter company, in 2001. He and his new
wife, Marisol, lived in China for five years where they learned that
spas and massage are an important part of the Asian culture.
Returning to the U.S. after the 2001 tragedy on 9/11, they were
awestruck at the changes encountered at the U.S. airports. It was
then that the Binns envisioned an unusual business opportunity at
hand. Time at airports had lengthened and they discerned that a need
for massages and spa services would be welcomed by many passengers.
Quickly taking advantage of the opportunity at hand, they
established Xpres Spa. Now, after a decade of hard work, former
barter baron Moreton Binn has become a spa mogul.
more information on Xpres Spa
Home Ownership Will
Change In Days Ahead
couple of weeks ago we reported on how the housing bubble has
affected the economy. Let’s now take a look forward, by surmising
that a future housing turnaround occurs. What will it look like, and
how will it differ from the past? We could well see a home-price
recovery without a home-ownership recovery. And here’s why:
Investors (pools of credit-worthy individuals who wish to become
landlords) are the biggest change now underway, regarding today’s
home purchases. So if prices rebound, the home-ownership rate, which
peaked at 69% in the third quarter of 2006, will likely keep
falling. The rate is presently 65.4%, but John Burns, president of
John Burns Real Estate Consulting, anticipates it hitting 62.9% by
2015 — the lowest since records have been kept. Burns claims there
is no way we’re going back to the 69% peak, because many first-time
buyers during that boom weren’t qualified to own the homes they had
lower home-ownership rate will have broad economic implications,
because home equity will be a less-critical part of household wealth
in the future. But on the positive side, fewer, less-leveraged
individual homeowners will pose less risk to banks and taxpayers who
backstop housing. Another positive effect from rising prices will be
a boost in construction, as recent new-home sales showed unsold
inventory at its lowest since the early 1960s. In short, a
home-price recovery without a home-ownership recovery is a definite
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
A recent poll
of adults age 18 and over revealed the following:
planning to take a vacation trip this summer?
Do any of the
following apply to your travel plans because of cost?
Stay closer to
None of these
vacation plans been affected by gasoline prices?
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The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today’s New Age
There are many forms of secondary
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to see and learn more about the many forms of secondary capital?
We have 70 free, informative and
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Check it out...
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