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" Supporting Asian and Minority Businesses" |
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o There is no end to the rise of prescription drugs cost which went up 17% in 2001 to $175.2 billion, an increase of $27 billion over 2000, according to the National Institute of Health Care Management. The Institute is a private, nonprofit, non-partisan research organization led by physicians, insurance executives and policy makers. o Are farm subsidies a safety net for small family farms? Hogwash! Last year, 157 farms got $1 million each in subsidies, wile the average subsidy was around $170,000. Some of the recipients include Chevron, Dupont, etc. Family farm? No! Corporate welfare? More like it. o Last year Samsung rolled out stylish models that keep our calendars in color and can pinpoint our exact location. Now the company is introducing phones with always--on text messaging and wireless video that allows you to play games and watch movie clips. o Verizon Wireless and Lucent have announced a trial run of a new wireless that will allow businesses to access the Internet at speeds close to those from cable modems or DSL. This kind of wireless access is garnering a great deal of interest in the community, as companies begin ramping up their 3G capabilities. o Microsoft said Cingular will roll out its stinger smart phone, marking the debut of the product and an important milestone in the softworld giant’s quest to expand computing beyond the personal computer. o Sprint PCS said it will introduce a new handheld computer based on Microsoft’s Windows Operating System for its advanced data-capable wireless network this summer.
o Rep. Connie Morella (R-MD) sponsored the Thrift Savings Plan bill, allowing a Govt employee 50 or older to put an additional $1,000 into the TSP next year, on top of the regular contributions allowed by law. o FCC sided with cable companies in a ruling that will allow them to offer high-speed Internet service without being forced to open their networks to rival Internet providers. o GSA will suspect Enron which has more than $35 million in federal contracts last year, and its subsidiaries from future contracts for one year. o SBA no longer requires second-tier subcontractors to comply with the subcontracting provisions of P.L. 95-507. Subsequently, flow-down subcontract small business award information is no longer reported. o CIA was caught with their hand in the cookie jar. Its public web-site used software that installed cookies on user computers to monitor their Internet habits.
o Recent weeks have seen signs of rising demand for semiconductors, but whether these orders are only the false dawn of inventory replenishment or real demand from corporations and consumers remain a mystery. o China has sought compensation from the U for steel import tariffs that threaten $350 million in Chinese sales annually, according to State media. o Nobel Prize winning economist Joseph Stiglitz said the size of Hongkong’s fiscal reserves put it in a better position to manage a fixed exchange rate than virtually any other economy. o South Korean and Japanese lenders have launched a study into setting up a free trade zone, but analysts say the single market dream is a long way off. Return to Top |
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