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April 30, 2009
Posted: 837 GMT
April 29, 2009
Posted: 731 GMT
April 27, 2009
Posted: 1953 GMT
I have a general rule in business journalism – never count dollars before lives. (Always worry about the effect on people before balance sheets or bank accounts.) I have been trying to stay close to this mantra as I cover the swine flu crisis. I am finding it hard to do so this time. Because while the death and suffering of those who have caught the flu must be paramount, I can't forget that this crisis is taking place in the first global recession for 60 years. The IMF is forecasting a downturn of at least 1.3 per cent globally, with much worse numbers in developed countries like the U.S. where the downturn could hit 3.5 percent this year. According to the World Bank report two years ago, industries that are most affected are those like hotels, travel, tourism and restaurants. The very industries that have felt the brunt of the recession. So while there is never a good time to have a pandemic, this is a stunningly bad time. When the EU health commissioner says that people should rethink travelling to Mexico AND the United States, then we are in getting into deep trouble. The transatlantic market is the most important single travel market in the world. And, heaven forbid, if the crisis worsens in the U.S., so people are put off domestic travel – well, the global slump which might have been slowing down, could get worse again. A quick question for you. Have you changed your plans at all? or are you intending to take any special measures? Wear masks? I would like to know. Posted by: CNN Anchor and Correspondent, Richard Quest April 24, 2009
Posted: 1929 GMT
A Friday Profitable Moment....Just for the readers of this Blog. All week we have reported horrible economic news – whether it's Britain's tax the rich budget, or Spain's double digit unemployment. We have been battered by US company results and beaten up by the IMF telling us it's the first global recession since the second World War. The losses will rack up to more than $4 trillion dollars. Phew. That's a lot to take in over one week. There is so much to worry about that it's hard to switch off at the weekend. We can try and escape but there are always the nagging worried of bills unpaid, jobs at risk and financial dangers ahead. But the weekend is now upon us, and I asked on the show, whether or not you would be worried by money this weekend. Here are some of your thoughts. Let me know whether you are worried, and what you can do about it. I am in Paris this week, filming, but I hope that whatever you're upto this weekend (a brisk walk, some gardening, a bit of shopping) It's profitable ! ====================================================== jade59@richardquest No we will not worry about money this W-E,we learn a while ago worrying won't change a thing,W-E is a break,so we'll have one qM@richardquest I don't worry about money. I worry about the lack of money! Gotaclue@richardquest No. It's not as though I'm going to buy a new Rolex this weekend. swortman1@richardquest i worry about money all the time. prices keep going up and there not showing sign of going down. healthysalone@richardquest No. Worrying is a pointless activity regardless of the situation. I know of no situation that has changed because I worried. eastcoastjac@richardquest I do not worry about money – I have more than enough to meet my needs. Positive thought and Law of Attraction in action. boezel@richardquest NO! From a terrace in the Netherlands jbtorres@richardquest with all of the recent company financial reports, I should worry ixVintageKissxi@richardquest I think that it's hard for people not to be worried about money right now. Very few people have that luxury anymore about money everyday until the recession ends. boxtersushi@richardquest nope! About to run to the bank for our weekly cash (since beginning of year cash only excl travel) now tons of money on hand! Gatorfitz@richardquest Not Worry, I wiiJust watch what I spend and be smart. woodythehawk@richardquest Affirmative!!! I am on a fixed US retirement income and living in Egypt, and the end of the month is drawing near. Tacarigua@richardquest Money is no problem - the problem IS money. PepsiZecoon@richardquest We might be tight on budget, but we do manage. So I myself, won't. javiaven@richardquest Worry? Why worry? I'm going skydiving! Like the economy! Gerooonimoooo!!!! mananqureshi@richardquest We worry about money every weekeend richard1 where it goes! heaven knows! (giggle) Rikki_ND@richardquest What's the point in worrying? Economies are cyclical and we will recover from this too, we've been through worse and survived! R_P_Perry@richardquest They can't take money I dont have. No need to worry I have a shotgun and enough food for the weekend Should be fine come Mon buklah@richardquest I find myself worrying,itsnot something I can help. Will I lose my job, Can I afford my standard of living? Can I pay my bills foxybacon@richardquest I must admit that I am not majorly worried about it. Que sera, sera. Whatever will be, will be Posted by: CNN Anchor and Correspondent, Richard Quest Posted: 1450 GMT
By now we are just about equal on reds and greens – which makes Thursday's crop of Apples signficant. Here we go.
Apple - This was one of the easiest Greens of the week. With strong sales of 3.7 million by iPhone, and nearly 1 billion downloads from the App store, Apple easily topped expectations.
UPS – A solid Red as the Brown van company failed to meet expectations This is hardly surprising, since as the recession takes its toll on business and consumers alike there is less demand to ship products. Whilst all this is obvious, we give UPS a red apple because shipping volumes continue to fall and guidance has to be lower
Concoco Philips – The company is the third largest US oil producer. Even though its profits fell, it was less than the consensus had believed. And there is some hope that the company is improving production which should pay dividends in the future…oil prices are likely to rise over the rest of the year so a Green apple for black gold.
Herschey – Any company that gives us comfort during a recession with chocolate deserves a Green apple (and the fact it managed to raise prices and hold its share is the icing on the chocolate ho hoho) Posted by: CNN Anchor and Correspondent, Richard Quest |
Quest Means Business is the definitive word on how we earn and spend our money. Monday to Friday, 1900 London, 2000 CET, 0300 HK, host Richard Quest presides over a cast of experts and correspondents to deliver unrivaled facts, figures and analysis from the business world. JobQuest introduces you to real people looking for jobs. Follow their progress on the road to recovery every Tuesday on Quest Means Business. Jargon buster gives clear and concise definititions of baffling terms often used in business. Contact us
@richardquest: @RickSanchezCNN more than a thousand bankers in London earn more than a million pounds a year ($1.6m per year) Are you one of them ??
Updated: Fri, 11 Dec 2009 19:06:49 +0000 @richardquest: http://twitpic.com/t12lr - Foggy Morning in London
Updated: Fri, 11 Dec 2009 07:44:03 +0000 @richardquest: filming today in the House of Lords..standing outside looking at Big Ben..its 0719 in London
Updated: Fri, 11 Dec 2009 07:18:31 +0000 @richardquest: what IS she doing ? oh dear. where is HR when you need 'em.....
Updated: Tue, 08 Dec 2009 21:15:47 +0000 @richardquest: twitaxmas party...at the staff party. some people will regret tomorrow
Updated: Tue, 08 Dec 2009 21:14:07 +0000 Recent Posts
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