Category Archives: Economy

Rebuilding Missouri Flood Plains, Agriculture, Economy

*Using a flood simulator, MU researchers reveal cottonwood trees as a profitable crop in devastated flood areas* 

COLUMBIA, Mo. ­­­–When the Missouri River flooded in 1993 and 1995, it left a deep layer of sandy silt that covered thousands of acres of rich farmland. Now, MU forestry researchers may have found a crop that can survive a flood and act as a sustainable source of biomass.

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2011: The Year Of The Tax Increase

Unless the U.S. Congress acts, there is going to be a massive wave of tax increases in 2011. In fact, some are already calling 2011 the year of the tax increase. A whole host of tax cuts that Congress established between 2001 and 2003 are set to expire in January unless Congress chooses to renew them. But with Democrats firmly in control of both houses that appears to be extremely unlikely.

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IBM Reports 2010 Second-Quarter Results

ARMONK, N.Y. – 19 Jul 2010:

  • Diluted earnings per share of $2.61, up 13 percent;
  • 30 consecutive quarters of EPS growth, 12 of last 14 at double digits;
  • Full-year 2010 EPS expectations raised to at least $11.25;
  • Net income of $3.4 billion, up 9 percent;
  • Pre-tax income of $4.6 billion, up 7 percent;
  • Pre-tax margin of 19.3 percent, up 1 point;
  • Revenue of $23.7 billion, up 2 percent, as reported and adjusting for currency;
  • Growth markets revenue up 14 percent; first-half revenue as large as total Euro zone revenue;
  • BRIC countries revenue up 22 percent;
  • Business Analytics revenue up 14 percent;
  • Software revenue up 2 percent, 6 percent excluding divested PLM operations;
  • Systems and Technology revenue up 3 percent;
  • Services revenue up 2 percent;
  • Services backlog of $129 billion, up $1 billion, adjusting for currency.

IBM (NYSE: IBM) today announced second-quarter 2010 diluted earnings of $2.61 per share compared with diluted earnings of $2.32 per share in the second quarter of 2009, an increase of 13 percent.

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Between the Nightmare of the Gulf and the Magic of Solar Impulse

While the BP Deepwater Horizon well spits tens of thousands of barrels of oil offshore on the Gulf of Mexico, an environmental disaster of proportions never before imagined, a beautiful new kind of bird flies silently in the skies on its first test flight. 

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Football Saves Spain’s Economy from Decline

The victory of the Spaniards over the Dutch in the World Cup will help the economy, experts say.  

The euphoria of the victory improves the mood of the population, and the population in a good mood begins to spend more money and shop more frequently.

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World Market Nervous over BP’s Possible Collapse

The British Cabinet of Ministers gathered for a special meeting to discuss the future of one of the world’s largest oil companies in the world, British Petroleum, in connection with the liquidation of the consequences of the ecological disaster in the Gulf of Mexico.

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UN Predicts Global Rise of Food Prices

In the next ten years, prices for agricultural products in the world will grow in real terms by 15-40%, say experts from the Organization for Economic Cooperation and Development and the Food and Agriculture Organization of the UN. The reason for it is the increasing demand for food in developing countries and production of biofuels.

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