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For those you haven’t noticed there are new applications on the side of the blog that can help you keep up to date on all your business news needs including new podcasts and the Nobosh top 10. Both features include daily business news topics helping you the up and coming business mogul the opportunity to stay on top of the game. Thanks for your support and hope you are having a great time on the blog.

AIG $85 Billion Dollar Bailout

American International Group Inc. was seized by the United States for an estimated $85 billion deal proving that the companies collapse could pose too great a threat to our own financial system here in the United States. "The ability of AIG to meet its obligations is important to the stability of the U.S. financial system and to getting credit flowing to households and businesses," Federal Reserve spokeswoman Michelle Smith said. (http://www.huffingtonpost.com/2009/03/16/aig-90-billion-bailout-fu_n_175190.html). Through the hard negotiations between the United States government gains 79.9% equity in the company in the form of warrants called equity participation notes. The two-year loan will carry an interest rate of 8.5 percentage points. The loan will be secured through the assets of AIG, including its profitable insurance businesses protecting the FED if the market continues to sink. And if AIG rebounds, taxpayers could look forward to a huge payoff through the government’s equity stake. AIG’s shares have are now down 94% for the year and this financial pain has been through is horrible corporate level management. Also the company lost billions through the crumbling housing market causes them to seek the help of the FED. With this money AIG will be paying off foreign and domestic banks some of whom received their own multibillion-dollar U.S. government bailouts. All this is fine and dandy if AIG ends up paying off their debt but what happens when they don’t. The FED is in more debt trying to bail themselves out through the down fall of multibillion dollar companies. Let us know how you feel and be sure to check the link on the side for additional information.

The Florida Marlins New Stadium and Its Promising Economic Gains

Let’s play ball!!! The Florida Marlins have finally came to agreements with the Miami Dade city council to build a state of the art baseball stadium in the middle of Little Havana on the old Orange Bowl grounds. The retractable roof ball park will seat 37,000 fans with plans to be done by 2012. The owner Jeffery Loria, hopes to host the World Baseball Classic Finals in 2013 gaining a higher fan base and promote the futuristic stadium. Not only are the Marlins management giving the Miami community and Marlins fans a new home for ball games; they are promising huge economic gains for the community. The Marlins are speculating that through the construction of the new ball park it should create $609 million dollars in direct construction expenditures and they are promising that $457 million will be spent locally to purchase goods and services and provide labor necessary for construction. They are predicting that the construction of the stadium will create a total economic output of $815 million for Miami. The Marlins are also promising approximately $341 million of income for Miami area workers during construction period and generating $24 million of fiscal revenues (taxes and fees) for state and local governments. Along with the construction benefit’s they are hoping to provide 2,708 jobs for the operations of the new ballpark and this would be an estimated $140 million of income for these workers. This sounds like a no brainier for the Miami Dade city council to sign this agreement but, the reason for their concerns is the $347 million that they have to dish out to make sure that this amazing new stadium gets built. The city has pushed off this stadium for almost ten years and many people think that this stadium could lead the city into a debt that is not needed during our economic recession. Though if the Marlins follow through on their promises this could allow for a ton of jobs for the city. For more info check out the executive summary for the Marlins new stadium at http://www.marlinsnewballpark.com/pdf/executive_summary.pdf . Are you behind the new ballpark?

Overview of President Obama's trip to the G20 summit this Week

On Obama’s Weekly Video Podcasts, President Obama explains to the United States the extreme importance of keeping good relations with nations all over the globe. During this week President Obama has certainly added to his frequent flyer miles meeting with the G20 Summit, Chinese President Hu Jintao, and Russian President Dmitri Medvedev. These meetings taking place in London were conducted for building reforms to help neutralize our economic, terrorist and environmental problems on a global scale. At the G 20 summit President Obama explains that each country is building economic strategies trying to help their banks to start lending in this global economic recession. President Obama states on the importance of the G 20 summit trying to create innovative techniques to spur growth and gain jobs for the millions all over the world. Also, the G20 summit is constructing a reform to our financial framework that should help end the market abuse and risky speculations that continues to drive our global economy into debt. Following the G 20 summit President Obama meet with Chinese President Hu Jintao where both parties agreed that the mutual benefit of our economic relations are extremely important to the growth and progress of each nation. Russian President Dmitri Medvedev and President Obama meet signing a treaty to making strides on reducing the nuclear arsenals of our countries as well as making an effort to ride the loose nuclear material that is floating around the globe. Do you think that these strides that the G 20 summit are good enough for now or do you think they should be making more direct reforms instead of promising speculations on future reforms? Please comment and discuss. And for additional information check out Obama’s Weeky Video Podcasts link on the side of the blog page.

Economic Globalization Outpacing Political Globalization, Commission Chief Says, Proposing Creation of Economic Coordination Council, Global Reserve System

"Ethics refers to standards of behavior that tell us how human beings ought to act in the many situations in which they find themselves-as friends, parents, children, citizens, businesspeople, teachers, professionals, and so on."

We're in danger of entering a new Dark Age
By forgetting what made us who we are, we risk losing the hard-won gains of the Enlightenment, warns Liam Fox.

The Ecomony Can't stop the Party at the Winter Music Conference

Winter Music Conference is the most important worldwide networking event in the dance/house music industry connecting people from all over the global. It has tons of international superstars in the dance music industry represented every year and it allows DJs from the amateur level all the way to the professional tycoons the ability to gain new knowledge through the many seminars, networking events, and parties. Every part of the dance industry is represented in this magnificent week from radio stations, video programmers, producers, and distributers to name a few. Also, it allows thousands of DJs to get the national exposure needed to launch them to superstardom. The annual winter music conference has been gone for almost a week allowing everyone to get back to their regular routine without the hangover of the pool party from the day before or the all night concerts on south beach. Though the Winter Music Conference might seem as just a week to party and let loose, it provides enough revenue for our world renowned nightlife to continue running well after the spring breakers have left the Miami area. The amount of revenue might have dropped off a little from prior years but the world exposure has not. Industry insiders say that there has not been a drop off in tourism having numerous hotels, including the Gansevoort South, the Doubletree Surfcomber and the Shelbourne were all sold out, with rates ranging from $299 to $900 a night. Proving even in a down economy people want to party and it is obvious that Winter Music Conference gives people the reason to spend money on mojitos for the annual weekly festivities. For any more information on the Winter Music Conference check out the links under Winter Music Conference on the side of this blog.