October 12, 2010
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
Business Loans Now Easier To Obtain
The $30 billion Small Business Job Act just signed into law
should make getting a bank loan easier because it is
earmarked for small community banks and credit unions. And
that money is available for SBA guaranteed loans where the
federal government guarantees 90% of the loan.
Plus, the one big change in the law is the expansion of the
SBA’s micro-lending programs from $35,000 to $50,000. (The
typical micro-loan is $13,000) The SBA micro-lending is at
an all-time high ... in the past 12 months the agency
approved $16.84 billion for 54,826 small business loans.
New Employee Hiring Greater Among Large Firms
The National Federation of Independent Business’s Optimism
Index reports that only 8% of small business owners plan to
increase staff. By contrast, 31% of larger firms plan to
hire, according to the Business Roundtable CEO Economic
Outlook Survey of leading U.S. companies. (Both studies were
released in September.)
New Trend In Workforce
For years demographers warned that the aging of the Baby
Boomer generation would cause talent shortages and force
companies to beg Boomers to return in some capacity. Guess
what? Since the economic downturn a new trend has suddenly
emerged, which sees many employees now planning to delay
By one government estimate, 93% of the growth in the U.S.
labor force from 2006 to 2016 will be among workers ages 55
Day Spas Popularity Still Growing
Less time and less expensive services push the growth of day
spas. The International Spa Association (a trade group)
reports that since 2007, day spas added 4,564 locations to
now total 16,300 nationwide. And hotel owners added 465 spas
to number 1,810. In the same span of time destination spas
in the U.S. fell to 79 from 80. (Destination spas typically
charge $5,000 and up for a one week stay.)
Selected trade exchanges around the country have day spas as
Amazing Technology Keeps Expanding
The world’s fastest computer, announced by Japan a few days
ago, is beyond comprehension. It is able to do 10,000
trillion (10 quadrillion) calculations per SECOND.
The K Computer, as it is known, will stitch together 80,000
processors, each equipped with eight cores for a total of
640,000 electronic brains. Such a machine can do remarkable
things. For example, running a simulation of how a beating
heart reacts to new medicine today takes about two years,
but the new machine would cut the wait time down to two
It Only Happens Once Every 823 Years!
An interesting fact about October 2010 is that it has 5
Fridays, 5 Saturdays, and 5 Sundays all in one month! This
happens once in 823 years. These are considered “money bag”
months, based on Chinese feng shui. Legend says pass the
bags to 8 good people and money will appear.
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. . .)
Scott Whitmer Barter
Hall-Of-Fame 2010 Inductee
By David Wallach,
Today the members of the Barter Hall of Fame announced that they
have selected Scott Whitmer to receive the 2010 Hall-of-Fame award.
Scott will receive his award during the closing ceremony on the
final evening of the annual IRTA convention that will be held
October 28-30 at the Hilton Hotel in Pittsburgh, Pennsylvania.
“Scott exemplifies the qualities we look for in a barter
Hall-of-Fame inductee,” offered Bob Meyer, a long time barter
Hall-of-Fame member and publisher of BarterNews. “He
represents the best our industry has to offer.”
Hall-of-Fame is the highest honor the modern trade and barter
industry can bestow. This honor recognizes individuals of the
highest professional character and ethical conduct who are regarded
as indisputable leaders of the industry. An inductee must have a
minimum of ten years of continuous industry service and have made
recognizable and specific contributions to the industry as a whole.
Created in 1997, there are currently 17 members in the barter
industry’s Hall-of-Fame. Each year previously chosen members of that
highly regarded group select a qualified candidate to be inducted.
When Scott was notified that he had received the Hall-of-Fame award
he was surprised and delighted, “I am much honored to be recognized
by the Hall’s members. For the past 28 years IRTA has played an
instrumental part of my company’s growth and development. My
services to barter industry have been very rewarding. I have learned
so much from the IRTA family and have always tried to give back to
IRTA and the industry as a whole. This is the highest possible
1982 Scott founded Florida Barter in Orlando (FL). With three
offices in central Florida and under his able leadership, Florida
Barter has grown to over 2000 members making it one of the largest
exchanges on the Eastern Seaboard.
During the second of his two terms as President of the IRTA Global
Board of Directors, Scott exercised and demonstrated his exceptional
vision and clear leadership abilities by guiding that Board through
the complex process of creating and founding the IRTA Universal
the first time, barter exchanges were able to use a truly universal
currency as a transparent credit-clearing system which maintained
high standards that allowed them to conduct business among
themselves with confidence as part of a worldwide network.
“Today Universal Currency is the world’s largest exchange to
exchange trading platform and stands as a monument to Scott’s vision
and leadership ability,” expressed IRTA Executive Director Ron
Whitney. He presently serves as the very active and effective
Chairperson of the Universal Currency Committee.
Scott has been a member of IRTA since 1982. He served on the IRTA
Global Board of Directors for more than 20 years, was IRTA President
for two terms, and held all other Board officer positions for a
least one term. On three occasions he’s been honored with the
highest award IRTA offers — the Paul St. Martin Distinguished
Service Award. And has also received several of IRTA’s Outstanding
Achievement and Ambassador Awards. He has also received numerous
awards from NATE (National Association of Trade Exchanges). Always
willing to share his expertise with others in the industry, Scott
has led numerous seminars and discussion groups during industry
Scott graduated from Georgia Tech in 1977 where he attended on a
football scholarship and received his BA in Industrial Management.
He is a dedicated husband and father and is active in local affairs
more information on IRTA
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
24-Percent Growth For TTi
Gary Lasater, CEO of TeleTrade int’l, says that the economy within
the world of organized trade and barter and the eValues proprietary
worldwide barter systems is healthy and growing. Overall the
year-to-date volume for the eValues platform is $42,359,409.20,
which is nearly 24% better for the first three quarters of 2010 than
over the same period in 2009. September 2010 saw a total volume of
$4,510,324.85 which is an 11% increase over August 2009. September
2009 saw a 12% increase over August 2008.
(The YTD total volume for all worldwide platforms using its
proprietary systems for the organized trade and barter industry
showed figures of $50,903,019.90. Total transactional volume for all
platforms since TTi took its systems online in 1999 is
system is the world’s oldest continuous developed online-systems
software, designed for independent trade exchanges. It enables trade
exchanges to run their day-to-day operations through their browser
and a good internet connection. Thus an exchange can run its local
operations, plus have a seamless connection to the global
more information contact Gary Lasater at (303) 840-7172 ext. 101, or
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
Highest Among Business-Owners & Entrepreneurs
recurring themes in Thomas J. Stanley’s book, The Millionaire
can become a millionaire, you must learn to think like one.
learn how to motivate yourself; to counter fear with courage.
critical decisions about business, investments, and your career
conjures up fear—fear that is part of the process of becoming a
achievement was not an important factor. Millionaires had a solid
but hardly spectacular under-graduate point average of 2.92 on a 4.0
along with people is more important than graduating at the top of
Stanley says if you are creative enough to select the ideal
vocation, you can win big time. “The really brilliant millionaires
are those who selected a vocation that they love—one that has few
competitors, but generates high profits.”
surprisingly, business owners and entrepreneurs made up the biggest
group of top “wealth accumulators” — about 32% of the millionaires
surveyed by Stanley. (Another 16% were senior corporate executives.)
Money-Making Reports Available From BarterNews
Five frogs are sitting on a log. Four decide to jump off. How many
Because there’s a difference between deciding and doing, five are
left. Execution is always more difficult than it seems, and far too
many decisions remain pious intentions.
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The Growth and Use of Secondary
Capital (New Money) Creates Unprecedented Wealth In Today’s New Age
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Get New Money-Making Ideas And
obtain useful, informative ideas and contacts in every available
back-issue of BarterNews.
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
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