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Uneven Growth, Recovery Detected in The Global Economy

globe.jpgAlthough the world was once primarily bipolar in terms of geopolitical influence, today it is mostly bipolar in terms of economic recovery and growth.

At present, the global economic engines are turning at vastly different speeds and show an uneven growth between East and West. Even within one region the difference in GDP growth is very noticeable in the first half of 2010.

Japan recently revealed that their second quarter GDP grew at 0.1% in comparison with a first quarter gain of 1.2%. China has now officially replaced Japan as the world’s second largest economy and its continued growth, although at a slightly slower pace, indicates that by 2020 China will bypass the US as the largest economic engine in the world.

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Ag Economist: Today's Farmer Should Think Like a CFO

PurdueLogo.jpegFarmers who want to make money in today's unpredictable economy would do well to assume a corporate mindset and think like a chief financial officer, a Purdue University agricultural economist says.

With many farm businesses now multimillion-dollar operations and the operating risk in agriculture increasing, producers should focus more time on the financial side of their business, said Mike Boehlje. CFOs think about profitability, capital structure and debt service, size and growth, risk and financial documentation, and creating shareholder value, he said.

CFO-type thinking will help farmers navigate swings in commodity prices and production costs. Although price volatility is inherent to farming, price fluctuations are greater today than they were in the past.

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Report: Indiana Crop Conditions Hold Steady Despite Weather

PurdueLogo.jpegDespite the unpredictable Indiana weather this spring and summer, the adage "rain makes grain" seems to be ringing true throughout the state as crop conditions remain good.

After heavy rains, flooding, extremely hot temperatures and some delayed planting and replanting, there was some fear that crop conditions might deteriorate as the season progressed.

That doesn't seem to be the case. According to the USDA National Agricultural Statistics Service's Aug. 1 "Indiana Crop and Weather Report," 63 percent of corn and 64 percent of soybeans fell in the range of good to excellent, compared with 66 percent for both corn and soybeans for last year.

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Skype Files Registration Statement for Initial Public Offering

skype_logo_online.jpgSkype S.A., a global technology leader that enables real-time communications over the Internet, today announced that it has filed a Form S-1 registration statement with the Securities and Exchange Commission for a proposed initial public offering of its ordinary shares. The number of shares to be offered and the price range for the offering have not yet been determined.

Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated will be the joint global coordinators as well as joint book-running managers for the offering. BofA Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. will also be acting as joint book-running managers. Lazard Capital Markets LLC, RBC Capital Markets Corporation and UBS Securities LLC will be...

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TraderPlanet.com's TraderTube Educational-Video Service Attracting Attention From Successful Trading Educators

TrPlanet_Today.jpgwww.TraderPlanet.com , a social-networking site for traders and investors, announced today that it recently added another expert to the TraderTube educational-video service. This free service continues to attract interest from successful trading educators who wish to provide to the TraderPlanet member audience exclusive instruction on trading today's global markets.

The service debut in May 2010 premiered a channel with Larry Williams, a commodity and stocks trader with over 45 years trading experience. Williams is the only futures trader in the world to repeatedly trade $1 million of his own money live at seminars around the globe. One can access the Larry Williams Channel with the following link - http://www.traderplanet.com/tradertube/index/549

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Parents: Time for Your College-Bound Student to Get Some Financial Savvy

Listen up, parents of college-bound children. If your student isn't prepared to handle his or her financial affairs, it's time for a money-management crash course.

Sharon Burns, a clinical associate professor in Purdue University's Department of Consumer Sciences and Retailing, offers this timetable for getting your student financially ready for college:

  • Immediately visit a financial institution such as your credit union or bank. Each college-aged child should have a checking account, the most basic money management tool. Make a small deposit to open the account, then begin moving college funds into it. You may want to deposit only enough for the first...

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Ag Economist: Commodity Prices Cyclical, but Unpredictable

PurdueLogo.jpegWhat goes around comes around, even with commodity prices.

Prices climb unusually high and then drop quickly about every 30 years, said Chris Hurt, a Purdue University agricultural economist. The price spikes often are brought on by wars and currency devaluation - unexpected events that are difficult to predict, he said.

Hurt will discuss price spike cycles during a session of Top Farmer Crop Workshop. The 43rd annual workshop, hosted by Purdue Extension and Purdue's Department of Agricultural Economics, will take place July 18-21 in the Pfendler Hall Deans Auditorium on Purdue's West Lafayette campus and at Purdue's Agronomy Center for Research and Education, located west of campus.

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Report: Indiana Crop Conditions Better than Expected

PurdueLogo.jpegAlthough wet weather across Indiana has hampered fieldwork and raised questions about crop conditions, things may not be quite as bad as they seem.

The "Indiana Crop and Weather Report," issued June 28 by the U.S. Department of Agriculture National Agricultural Statistics Service, shows 65 percent of the state's corn crop and 62 percent of soybeans are in good to excellent condition, and only 11 percent of corn and 12 percent of soybeans are poor to very poor.

"There are areas where fields were ponded, and in some areas of the state crops look better than others, but when we look at the overall average of the state, we're seeing pretty good crop condition numbers," said Greg Preston, USDA-NASS Indiana Field Office director. "We have to think of the entire state of Indiana as one big field. You can lose a few acres and still have a great...

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Report: Americans Saving Less, Spending More

IndianaChamber_clr.gifKiplinger.com issued a report indicating that, despite recent economic woes, the general trend in America remains that Americans are spending more and saving less. Whatever your thoughts on personal finance, this, of course, would seem to be good news for the business community:

In 2008 and 2009, consumer spending collapsed and the saving rate climbed. After hitting an all-time low of 1.4% in 2005, the rate averaged 4.2% last year and even briefly exceeded 6% during the month of May. But instead of some fundamental and lasting change in consumer psychology, the heightened thrift is better explained by cyclical forces that are already in retreat.

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TraderPlanet.com Achieves 40,000 Member-Milestone And Announces Launch of Web Video Service

TrPlanet_Today.jpgwww.TraderPlanet.com, a social-networking site for traders and investors, announced today that the TraderPlanet community has reached its 40,000-member milestone. Since its launch in January 2009, the TraderPlanet community has attracted over 350 contributors offering educational information and resources to its members from over 150 countries around the world.

"We're happy to have achieved this significant milestone -- bringing us one step closer to achieving our mission to provide the best educational resources for individual traders and investors to help them navigate today's volatile global markets," said Lane J. Mendelsohn, Founder and President of www.TraderPlanet.com. "Our community allows experts to share their knowledge and experience with traders and investors who want to learn more about the challenges and...

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Standard & Poors Assigns 'A+' Bond Rating for Proposted Portage Municipal Sewage Works Revenue Bonds with 'Stable' Outlook

The City of Portage received excellent news last week when it received astrong investment grade rating from Standard & Poors, a National bond rating agency. The City’s underlying bond rating, relative to its proposed issuance of $16.5 million of sewage works revenue bonds, is a key factor in the upcoming bond sale and underwriting process.

City Officials were pleased with the S&P rating and believe that the City’s diligence in planning for this project, including the recent implementation of storm water user fees, will pay off when the bonds are sold in April pursuant to a competitive bidding process.

The proposed bonds are being issued in order...

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