Economic News

The State of Small Business

How are small businesses doing? Whether you are a grocery store owner, a tourism operator or a local plumber, things recently have been pretty tough. However the good news is they seem to be getting better.

Thanks to our friends over at Docstoc we were able to show you this infographic which outlines exactly how small businesses are holding up.

small business


Current Economic Collapse News Brief – Episode 720

Save Money When Repairing Your Driveway

driveway repair

It is easy to forget in this time of cars, trucks and petrol powered vehicles that there was once a time when horse and carriages ruled the earth. Many houses still stand that were built to accommodate this old technology. Because we now need to keep our cars in garages, driveways have become a necessity in most modern homes.

It doesn’t matter how short or long, big or small your driveway is – from time to time you will need to maintain and repair it. If this sounds like you then you are in the right place. Below we are going to go over some driveway repair tips, tricks and advice.

Do you have an asphalt driveway? Go outside and check for cracks and holes. Small ones can easily be repaired yourself, you will just need to buy some special materials from your local hardware store. The staff should be able to give you good advice on what to use depending on the specifics of your driveway. You may want to reseal the whole driveway – in this case you will want to use a sealer that you can put over the whole surface. This will be a bit more work but you always have the option of hiring a driveway repair company.

On the other hand if you have a concrete driveway you will need to either make your own concrete mix or hire someone to do it for you. You can buy sacks of concrete in many places but again your local hardware store should help you out. It’s important to note here that if you want to go down the path of mixing your own concrete – you will need to hire a small mixer for the day. We recommend hirepool.

Gravel driveways are a whole other story. They require much more ongoing maintenance and you will need to get them graded all the time. They can quickly develop ridges and depressions, especially after heavy rainfall and you will find your ongoing expenses mounting up with gravel driveways. You can help out and make your maintenance costs fewer and further between with a simple garden rake, a good work ethic and a can-do attitude. Simply even out the gravel over the driveway and fill it the ridges with excess stones from other parts of the driveway.

If you are looking to get your driveway repaired or leveled then spring is definitely the best time of year to do this – especially if you live in the south island. This is because the frosts can be really annoying and undo all of your hardwork very quickly so it is better to set yourself up for summer and enjoy the rest of the year. Less rain will mean your driveway will be compacted better and easier during the summer.

How Is The Global Economy Doing In 2014?

The global economic meltdown that was experienced across the world in 2008 had very serious implications on the US economy and it has taken almost five years for the country’s economy to recover. Most American economic forecasters have rosy expectations because the last five years have been very promising and 2014 is not in any way different. I tend to agree with the optimistic forecasters because there are signs that 2014 is going to be a great years in terms of economic growth. The ever improving consumer confidence and the buoyant stock markets are perfect signs of good things to come. I will try my level best to explain why the world economy will experience tremendous growth in 2014.

To begin with, the 2013 annual share index gain was the biggest in over twenty years and it is expected that the same rate of growth with be maintained. The 30% rise that was recorded n 2013 was a sign of good things to come for America’s S&P 500 share index. The global economic trends are in most cases influenced by America and therefore the global economy will also benefit from America’s rising share index. It is estimated that the global growth will be close to 5% in 2014 and this largely depends on America’s performance. The purchasing power of a particular country is in most cases used to determine the county’s economic growth. The global growth will definitely improve in 2014 because this has been the trend in the last few years. There has always been upbeat expectation every financial years especially after the financial crisis came to an end but it is important to point out that some of the expectations are never met.

Major world economies such as Britain and Japan have been on the recovery path and the future looks bright for the rich world. The eminent rise in Japan’s consumption is nothing to worry about because the country’s economy can cope with it. The large part of global economic recovery is attributed to America although some credit should also be given to Europe for their effort. The financial crisis hangover is still being felt in the Europe but the Americans have completely dealt with that situation. Most European nations are still performing poorly when it comes to reducing their private debt and that is why their corporate and household balance sheets are not in good shape.

The strong foundations in America are the reason why America is experiencing tremendous growth compared to the rest of the world. America has once again become very competitive because of its cheap energy and that has led to its in house revival of prices. Years of a relatively weak dollar and wage restraint have also been major factors when it comes to the Americas economic revival because they have led to higher investment, stronger consumer spending, higher share prices and faster job growth. The recent spending cuts have also had a significant impact on the economy. The recent trend rates and federal allocation are some of the major reasons why America’s economy is likely to grow by 3% in 2014. The real economic facts on the ground convince me to be more optimistic about America’s economic growth in 2014.


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