Bits N' Pieces BISBEE’S BUZZ How bad is bad? Growth in the IT – Information Technology world is unstoppable. The information systems have evolved into an ever-growing powerful and essential part of our infrastructure for the public and private sectors. I have a CDL I can enter the diversion program. Free DUI Consultation. It is important to understand that. Decora Stil Slatina Program. DEKOPANELI - DECORA. IT is an imperative for “survival” in every aspect of our modern world. The IBS – Integrated Building Systems are a competitive reality in commercial real estate as well as most other sectors of our economy. The cabling is the base highway over which our information flows. This critical component is mandatory for the efficiency of virtually every system we use in the public and private sectors. Will a recession stop the construction and maintenance of the cabling world? Having said that, the economy is in far worse shape than the press has reported and may take much longer to recover (2-3 years). I believe that the US and much of the global economy is like a flimsy leaky ship sinking in a sea of red ink. It seems like a ship of fools has been guiding the world economy. We are in a depression and it is more severe than the Great Depression, but I dare not put the really scary news in the news for fear of being the one in the theater to yell “FIRE!” when there is only one exit. If there are few lifeboats, at least I am involved in one of them (the cabling industry). As the world enters what many see as the worst economic crisis since, several factors begin to interfere with your daily life. Economic turmoil can result in rapid increases in fuel prices as well as staple products and services, large layoffs and cutbacks (including bankruptcies) at top U.S. Companies, and major stock market losses and market volatility. Foreclosure and Unemployment rates are increasing nationally at an alarming rate and the credit crunch is affecting millions. Gliss love virgins zip programs. Manufacturing falls to a 26-YEAR LOW A measure of U.S. Manufacturing activity fell to a 26-year low in November as new orders dropped for the twelfth consecutive month. The Institute for Supply Management's monthly index of manufacturing activity fell to 36.2 from October's 38.9. The reading is worse than Wall Street economists' expectations of 38.4, according to a survey by Thomson Reuters. A figure below 50 indicates the sector is contracting. The November reading is the lowest since May 1982, the ISM said, when the economy was in the midst of a painful recession. The survey's new orders index fell to 27.9 from 32.2, the report said, its lowest level since June 1980. The production index fell to 31.5 from 34.6, its third straight month of decline. Manufacturing employers continue to cut jobs, the survey found. The employment index fell to 34.2 from 34.6, its fourth straight drop. Manufacturers have been hit hard by the housing slump and financial crisis, which have led to cutbacks in business and consumer spending. Projections for global IT spending in 2009 Some experts forecast that the market will grow 2.6 percent next year instead of the 5.9 percent predicted prior to the financial crisis. In the United States, IT spending will eke out 0.9% growth. The slowest IT markets will probably be the United States, Japan and Western Europe, which all will experience around 1 percent growth. The healthiest economies will be in Central and Eastern Europe, the Middle East, Africa and Latin America. Global IT spending will reach $3.8 trillion in 2008, up from $3.15 trillion in 2007. Expect a gradual recovery throughout 2011, and by 2012 we should be back into a more normal kind of environment. If the recession turns out to be deeper or last longer than four quarters as most economics expect, it could turn into a contraction in IT spending. In that case, the IT market would still be weak in 2011 but we'd see a gradual recovery in 2012, and we'd be back to normal by 2013. Remember 2001 Even the grimmest predictions for global IT spending during the next two years aren't as severe as the declines the tech industry experienced between 2001 and 2003. Global economic problems are impacting IT budgets, however the IT industry will not see the dramatic reductions that were seen during the dot.com bust.. At that time, budgets were slashed from mid-double-digit growth to low-single-digit growth. The reason IT won't suffer as badly in 2009 as it did during the 2001 recession is that operations now view IT as a way to transform their businesses and adopt operating models that are leaner..
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