The weekly newsletter for everyone interested in barter--the world's most versatile business tool!
October 2, 2001
FCC Changes Ahead
The Federal Communication Commission, on Thursday, September 13th, voted unanimously to review laws that limit the number of customers one cable television company can control and prohibit companies from owning a newspaper and a television station in the same city. (The vote is part of a biennial review of telecommunications rules required by law.)
FCC Chairman Michael K. Powell has promised to eliminate decades-old rules that he views as antiquated by technologies such as satellite, cable, and the Internet that have given Americans a multitude of choices for receiving entertainment and information.
The changes would likely eliminate many existing rules and propel further consolidation of the media industry after a decade of mega-mergers. And of course, changes in ownership will have an effect on the bartering endeavors as well...in some cases positive, others will see the reverse.
International Investments Will Drop...Big Time
A dramatic downturn in international investments, the worst in 30 years, will be one of the fallouts of the slowing world economy and terrorist attacks.
DRI-WEFA, an economic forecasting company based in Lexington (MA), estimates the entire $32.3 trillion world economy will be one-half percentage point lower than previous predicted, which will lop off $160 billion. (They now predict a 1.5% growth in the global gross domestic product, which was 4.8% last year...a dramatic drop-off this year for the world economy.)
The decrease in cross-border investments in 2001 will be the first decline since 1991, when a global recession caused a 23% drop from $200 billion to $155 billion. Last year an incredible $1.3 trillion cross-border investments were made. It's expected the number will drop to under $700 billion for 2001.
Many M&A's are done on a trading of equity...acquiring another company in exchange for the acquirer's stock, rather than any cash payment. Over 40% of M&A's in the U.S. were done in that manner last year, an all-time high.
IRTA Convention Rescheduled
The IRTA Global Executive Committee has decided to postpone the International Reciprocal Trade Association's Convention. It will be held November 8-11...same venue. For more information call IRTA (716) 424-2940.
NATE Regional Convention Canceled
National Association of Trade Exchanges (NATE) has canceled
the upcoming regional convention, "Barter By The Lake,"
which was scheduled in Akron, Ohio, October 4-6. John Sobolewski,
Executive Director, says the focus will now be on the National
Convention in New Orleans, May 16-18, 2002.
Here And There. . .
We welcome your comments, questions, and observations.
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