http://news.bbc.co.uk/2/hi/business/8257032.stm
In BBC News' article, "Cash for clunkers boosts US sales," the US automotive industry saw an increase in sales because of the "Cash for Clunkers" idea. The idea was to have consumers buy more new vehicles and get rid of their old. The program had to end when the funding for it ran out in August, which makes some people skeptical that the market will continue to rise. Instead, they believe that the only reason the market rose was due to the program, and because it is over, the market will decline as it had in the previous months. I am pessimistic that the automotive industry is going to be increasing anytime soon, I fear that the market will continue to fall until new innovations are brought forth and utilized for struggling Americans.
Tuesday, September 29, 2009
Business Publication #2 - Business Week
http://www.businessweek.com/magazine/content/09_12/b4124078381283.htm?chan=top+news_green+business+news+index+page_top+stories
In Business Week's "BMW's Push into Electric Cars," the automotive company is looking to the future with the creation of a vehicle that is completely battery powered. The automotive industry is not looking great right now, and it is just going to get worse in the future. BMW knows this and in order to stay a respectable car company, they want to keep their customers in the future with greener cars, specifically electric. There are optimists and pessimists about the idea however, on the upside, people are still willing to pay for a quality vehicle compared to that of Mitsubishi. On the down side, battery prices may not decline, but increase, which would raise the cost of the car. Ten years into the future, people may not be willing to have a high monthly payment for a vehicle that only goes so far on a battery. I love BMW, so when the time comes that America has to rely on electric cars, I am going to buy the BMW over the competition.
In Business Week's "BMW's Push into Electric Cars," the automotive company is looking to the future with the creation of a vehicle that is completely battery powered. The automotive industry is not looking great right now, and it is just going to get worse in the future. BMW knows this and in order to stay a respectable car company, they want to keep their customers in the future with greener cars, specifically electric. There are optimists and pessimists about the idea however, on the upside, people are still willing to pay for a quality vehicle compared to that of Mitsubishi. On the down side, battery prices may not decline, but increase, which would raise the cost of the car. Ten years into the future, people may not be willing to have a high monthly payment for a vehicle that only goes so far on a battery. I love BMW, so when the time comes that America has to rely on electric cars, I am going to buy the BMW over the competition.
Sunday, September 20, 2009
Career Fair Evaluation
The two companies that I visited at the Career Fair on Wednesday, September 16, 2008, were Hyatt Hotels & Resorts, and Enterprise Rent-a-Car.
The questions I asked the companies were:
- How great are the salaries for someone working in the company?
- How happy are you with your position? And how does the company rank in competition to others?
Answers I got from the companies:
Hyatt Hotels & Resorts-
- "Depending on which positions are available, anything from $40,000 for a hotel manager position to $100,000 or more for a higher position like general manager."
- "I am satisfied with my position, and it has really opened up great opportunities for me. The hotel company has a lot of competition and is higher ranked among the other chains."
Enterprise Rent-a-Car-
- "The salaries can range but the average for a managerial position, which is what you are looking for, is around $60,000."
- "Having this job has really helped me get farther in my life, and it is a great beginning job. The competition is tight, there are a lot of rental car companies out there."
The hardest part of attending the career fair was the overwhelming number of booths and how many students were looking for these internships or careers. It really made me think about what I should be doing with my education to get a good job.
The next time I go to the Career Fair I am going to have more questions for the recruiters and prepare more by bringing my resumes and looking more professional.
The recruiter taught me that getting involved really is important and looks great for my resume, it may be repeated to me a thousand times, but it's because it really does count to be involved in clubs and organizations.
Tuesday, September 15, 2009
Business Publication #1 - Forbes
http://www.forbes.com/2009/03/25/best-cities-careers-bizplaces09-business-places_lander.html
For the article I read in Forbes, "The Best Place for Business and Careers," that really caught my attention. The article is about the top 100 places for business in the country. Ranked number one is Raleigh, NC. This is a good piece of information for me to know because if I continue with my business career, this city would definitely be a place of interest to me. The city that caught my attention the most, with the predictions and results of this article, is that Fort Collins, CO was ranked number two out of the country for a great place to start business. This really interests me because I love Colorado, and if I plan on working for great businesses, or starting my own, I can remain local. The ranking system was based on a number of things, such as the employment, education, and housing, and with all of these in account, Colorado had two metro's ranked in the top ten! This article gives me a little hope with our current standing with the economy, knowing that after I graduate, Colorado can remain my home for business as long as I would like.
For the article I read in Forbes, "The Best Place for Business and Careers," that really caught my attention. The article is about the top 100 places for business in the country. Ranked number one is Raleigh, NC. This is a good piece of information for me to know because if I continue with my business career, this city would definitely be a place of interest to me. The city that caught my attention the most, with the predictions and results of this article, is that Fort Collins, CO was ranked number two out of the country for a great place to start business. This really interests me because I love Colorado, and if I plan on working for great businesses, or starting my own, I can remain local. The ranking system was based on a number of things, such as the employment, education, and housing, and with all of these in account, Colorado had two metro's ranked in the top ten! This article gives me a little hope with our current standing with the economy, knowing that after I graduate, Colorado can remain my home for business as long as I would like.
Business Publication #1 - Denver Post
http://www.denverpost.com/business/ci_13337622
I read an article in The Denver Post, "Credit-card companies making a final campus drop," that was quite interesting. In the article it explained how there is now a new policy that will be enforced in February that will ban credit-card companies from trying to "recruit" college students to their cards. Some campuses have already lost the credit-card advertisers simply because of the economy. However, many campuses believe that until February, there is going to be a high amount of credit-card companies that are going to try and retrieve as many students as possible until the policy will take effect. This seems as though it will be an excellent policy because new college students, specifically freshmen, are the targets for these companies. Without proper knowledge, and just the fact that these students are naive, many are going to agree to getting a piece of plastic that will put them in debt for the rest of their lives. That's what credit-card companies want, they would love for these new card-holders to constantly be in debt, because they are making more money. With this policy going into effect, students are not going to be as susceptible to these credit companies, and they will be able to make a wiser decision as soon as they are old enough to get the credit-card.
I read an article in The Denver Post, "Credit-card companies making a final campus drop," that was quite interesting. In the article it explained how there is now a new policy that will be enforced in February that will ban credit-card companies from trying to "recruit" college students to their cards. Some campuses have already lost the credit-card advertisers simply because of the economy. However, many campuses believe that until February, there is going to be a high amount of credit-card companies that are going to try and retrieve as many students as possible until the policy will take effect. This seems as though it will be an excellent policy because new college students, specifically freshmen, are the targets for these companies. Without proper knowledge, and just the fact that these students are naive, many are going to agree to getting a piece of plastic that will put them in debt for the rest of their lives. That's what credit-card companies want, they would love for these new card-holders to constantly be in debt, because they are making more money. With this policy going into effect, students are not going to be as susceptible to these credit companies, and they will be able to make a wiser decision as soon as they are old enough to get the credit-card.
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