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Industry News
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By Joseph F. Kovar
The nascent economic recovery will help increase worldwide IT spending in 2010 compared to 2009, but it may be a while before that spending reaches the levels experienced in 2008.
That's the conclusion of the Worldwide IT Spending Forecast, a report from analyst firm Gartner, which assumes the economy starts a tentative recovery by the end of 2009.
Gartner predicted worldwide IT spending in 2010 to be about $3.3 trillion, up about 3.3 percent over the estimated spending of $3.2 trillion in 2009. However, Gartner said, spending actually peaked in 2008 at $3.4 trillion. | |
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Economic Conditions Snapshot, November 2009: McKinsey Global Survey results
Executives' optimism about the economy continues to climb, especially in emerging markets and in developed economies in Asia. Executives are a little less sure about their companies' prospects and say low consumer demand is the biggest barrier to growth. undefined
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Better-than-expected readings offer hope for the budding recovery
NEW YORK - U.S. manufacturing activity rose to its highest level in 3-1/2 years last month and pending home sales contracts unexpectedly surged in September, offering hope the budding economic recovery would be sustained. | |
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Construction's Unemployment Rate Rises to 17.1% in September 2009.
10/02/2009 By Tom Ichniowski
Despite a pickup in federal stimulus projects, construction's unemployment rate grew worse in September, rising to 17.1%, from 16.5% in August, as the industry lost another 64,000 jobs, the Bureau of Labor Statistics reported.
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Competition Intensifies as Recession Deepens
Costs post rare declines as contractors and suppliers cut margins to find work
9/23/2009 By Tim Groganwith Tom Nicholson
Some economist have dubbed the current economic troubles “The Great Recession” to differentiate it from the Great Depression of the 1930s. While there are significant differences between the two economic calamities, there is one striking similarity: a sharp and prolonged decline in construction costs.
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Table: The Best States For BusinessKurt Badenhausen, 09.23.09, 06:00 PM EDT
How the states match up.
Our Best States ranking measures six vital categories for businesses: costs, labor supply, regulatory environment, current economic climate, growth prospects and quality of life. We factor in 33 different points of data to determine the ranks in the six main areas. Business costs that include labor, energy and taxes are weighted the most heavily. We relied on nine different data providers. Moody's Economy.com is the most utilized resource.
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September 2009 Business Outlook Survey
The region's manufacturing sector is showing signs of growth, according to firms polled for this month's Business Outlook Survey. Indexes for general activity, new orders, and shipments all registered positive readings for the second consecutive month. Indexes for employment, work hours, and the prices received for manufactured goods remained negative, suggesting continued weakness. The survey's broad indicators of future activity continued to suggest that the region's manufacturing executives expect business activity to increase over the next six months.
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Posted by: Michael Mandel
Consider this a memorial service. Back in June, I wrote a post called “A Lost Decade for Jobs”, where I pointed out that 10-year private job growth was rapidly heading for zero.
Well, folks, it finally happened this morning. The employment report shows that private sector employment in August 2009 was lower than it was in August 1999—the first time this has happened since the Great Depression. | |
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SYS-CON Media, the world's leading i-technology media and events company, has announced the winners of its Virtualization Journal Readers' Choice Awards. SYS-CON's Readers' Choice Awards, also known as the "Oscars of the Software Industry," has been one of the most prestigious industry award programs for over a decade. | |
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Xiotech Corporation has been named a leader in the midsize enterprise storage area network (SAN) marketplace by Info-Tech Research Group, in Info-Tech's 2009 "SANs for Midsize Enterprises" report released yesterday. | |
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| Application and Infrastructure Management GOLD Award goes to eG Innovations | |
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| The timeline of converting to IFRS is sooner that you may realize. | |
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