November 13, 2012 Written
by Bob Meyer, Editor of BarterNews
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From the desk of Bob Meyer...
11/13/2012
Americans Concerned That Nest Egg Not Enough
According to the fall
2012 Merrill Edge Report (compiled by Bank of
America/Merrill Lynch), Americans with $50,000 to $250,000
in investable assets don�t feel they�ve saved enough for
retirement. And, they�re planning on retiring later than
they thought 12 months ago. The report also noted that
Generation Y (18 to 34 years old) is the generation most
concerned about meeting their financial goals.
Generation Y�s Organization Plans To Fight Back
A new group called
the Can Kicks Back (www.theCanKicksBack.org)
aims to give Americans age 19-to-34 years old a voice in the
debate over tax hikes and budget cuts, looming next year if
the U.S. Congress and the president cannot agree on a
deficit reduction plan. As motivation for Generation Y to
support this effort, the group is using the seriousness of
the $71 trillion national debt � which includes not only the
official national debt of $16 trillion, but the unfunded
liabilities such as Social Security, Medicare, government
pensions and military obligations.
The Can Kicks Back
goal is to pressure Congress and the White House to a �bold,
balanced and bipartisan �grand bargain� on fiscal issues� by
the Fourth of July. To accomplish that, the group wants
young people to commit to making a 30-second phone call each
week to a member of Congress, pushing for a deficit
reduction deal.
Restaurants Changing Strategy To Lure Diners
During the recession,
offering deals on meals was the key to getting patrons into
restaurants. With the economy improving, that�s no longer
the attraction it once was. Now there�s an increased focus
on healthful eating and premium options on more upscale
foods. Young patrons are also more interested in ethnic
foods and alcoholic drinks.
A Wise
Man�s Insights Regarding Wealth �
"The art of getting
rich consists not in industry, much less in saving, but in a
better order, in timeliness, in being at the right spot."
�Ralph Waldo Emerson (1830-1882)
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IMS Unveils
Third-Quarter Report
International Monetary
Systems (ITNM), a worldwide leader in business-to-business barter
services, has recently filed its third quarter report on Form 10-Q (www.imsbarter.com/investor-relations).
The following highlights are from that report.
Revenue & operations:
-
Revenue increased
4.2% in the first three quarters of 2012, compared to the same
period in 2011.
-
Income from
operations increased to $334,730 in the first three quarters of
2012, compared to an operating income of $149,378 in the first
three quarters of 2011.
-
IMS has completed
the sale of two franchise-territories during the year, with a
third sale to be completed in the fourth quarter. (These
transactions are not expected to materially affect the results
of operations for the next twelve months.)
Shareholder returns:
-
During the nine
months ended September 30, 2012, the company repurchased 815,668
shares of its stock under the stock buyback plan and stock
buyback guarantees.
-
The company retired
624,385 shares of treasury stock, during the nine months ended
September 30, 2012.
Current quarter:
-
During the third
quarter of 2012, IMS generated revenues of $3,256,392, an
increase of $51,606 or 1.6%, compared to the third quarter of
2011.
-
Operating expenses
for the quarter were $3,134,982, an increase of $119,498 or
3.9%, compared to the previous year�s third quarter. This
increase is primarily due to higher employee costs (including
staff costs in offices acquired in 2011), higher variable
compensation tied to higher revenue, and expansion of the
company�s tele-selling staff.
-
IMS generated
operating income of $121,410 for the third quarter, compared to
$189,302 in 2011. After adjusting for interest and income taxes,
the net income for the quarter was $25,256, compared to net
income of $105,490 in the third quarter of 2011. (Interest
expense has increased as the company services the increased debt
load, taken on strategically to fund the stock buyback program
expanded in 2011.)
For
more information,
click here.
Economic Boom Foreseen
For U.S.
There are three areas
that could ignite a coming economic boom in the U.S. over the next
few years. Here�s a look at those possibilities.
Rebound in housing:
In much of the nation,
housing construction has been well below average for five years
running. Replacement needs have yet to be met, let alone the needs
of an ever-expanding population. Since the �needs� are there,
housing could (and should) be a strong economic driver and job
creator in the years ahead.
Rise in domestic energy
production:
Due to new fracking
technologies, the growth of American energy output since 2008 has
surpassed any other country in the world, according to energy expert
Daniel Yergin. Plus, the International Energy Agency says that the
U.S. is expected to become the world�s largest oil-producer by 2017,
and energy sufficient by 2030.
End of consumer debt
de-leveraging:
Household debt payments
are now at the lowest level in twenty years (since 1993). Thus,
consumers are beginning to spend again.
Add
it all up and better economic times are expected in the days ahead.
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.
The Business World Has
Two Distinct Financial Tiers
The
aware entrepreneurial business owner realizes the corporate world is
divided into distinct financial tiers � the �have�s� and the �have
not�s.�
In
short, large corporations with abundant assets will continue to be
able to tap the conventional banking avenues and equity markets. But
for the vast majority of businesses in our country, we�re on our
own!
Banks don�t embrace the small business owner like decades ago, when
one was given the benefit of the doubt and the bankers often trusted
their instincts to provide loans. In order to survive and prosper
requires a certain amount of maturity on the business owner�s part,
and an expanded outlook on what constitutes their wealth. Hence,
it�s much more than just the cash in one's bank account ... it�s
resourcefulness and the ability to perform.
One
of the ways to create additional wealth is to use alternative
methods of financing. Working through your trade exchange expands
your ability to create income and wealth. Thus making it a very
practical and beneficial way to increase the use of your resources.
Money-Making Reports Available From BarterNews
How To Get More Sales In
Hyper-Competitive
Restaurant Industry
Our street-smart restaurant
marketing report shows proven ways to rapidly boost your
restaurant�s sales & profits.
More-->
Every
barter company in the world is listed on our web site,
click through to our Global List
of Barter Companies.
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