Friday, April 2, 2010

“Midwest business conditions keep improving - St. Louis Business Journal” plus 3 more

“Midwest business conditions keep improving - St. Louis Business Journal” plus 3 more


Midwest business conditions keep improving - St. Louis Business Journal

Posted: 02 Apr 2010 08:56 AM PDT

An index of business conditions for the nine-state area that includes Missouri rose for the fourth month in a row.

The March Business Conditions Index for the Mid-America region reached 64.3, improving on February's 61 and reaching the highest level since May 2006. A reading of 50 is considered growth neutral; higher points to growth.

The survey includes input from supply managers and business leaders in the region.

"The region's manufacturing and value-added services sectors are experiencing very strong business activity," Ernie Goss, a Creighton University economics professor, said in a statement Thursday. "I expect this increase in activity to extend over to the rest of the regional economy in the months ahead."

Goss said he expects overall job growth in the region during the first quarter, despite firms' continued cautious hiring. During the next six months, 28 percent of firms said they expected to add employees, and 11 percent predicted layoffs. The rest expected no change.

The regional employment index topped 50 for the third month in a row, reaching 57.9 in March, compared with 56.1 in February. There had not been three consecutive months of 50-plus readings since July 2007. Twenty-eight percent of supply managers said their firms added jobs in March; 12 percent said they would cut jobs.

Even so, Goss said, unemployment probably will stay high because businesses are "overly cautious about hiring new workers."

Prices also have been rising, with the prices-paid index — which tracks raw materials and supplies costs — more than 50 for the 10th consecutive month. It reached 80.5 in March, compared with 78.3 in February.

"While we have yet to experience rising inflationary pressures at the consumer level, record-low interest rates from the Federal Reserve, combined with the stimulative federal government spending, are creating price bubbles in various commodities and will ultimately contribute to inflationary pressures at the consumer level — above the Fed's goal of 1.75 percent to 2 percent," Goss said.

He said he expects the Fed to raise the federal funds rate by a quarter of a percent before the end of the second quarter.

Find more about the state of the regional economy here.

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tri-state business - Dubuque Telegraph Herald

Posted: 02 Apr 2010 07:58 AM PDT

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Realityworks Teaches Business Ed with Online Simulation ... - The Journal

Posted: 02 Apr 2010 08:05 AM PDT

Gaming in Education

Realityworks Teaches Business Ed with Online Simulation Games

A company that made its mark in developing education products for substance abuse and social services, among other topics, has turned its attention to business education for high school students. Realityworks recently launched Business Education, a set of online games that tests students' knowledge of business strategies. Users create their own company and product and participate in simulations, including The Business Game, The Entrepreneurship Game, and The Finance Game.

The Business Game gives students the chance to experience a business scenario, in which they develop and market a new product. This provides training in pricing issues, product positioning, sales and marketing budgets, stock levels, and production versus demand.

The Entrepreneurship Game explores pricing strategies, marketing budgets, product quality, sales channels, and production levels. The simulation requires students to complete particular tasks before moving on in the program and teaches them about product launches and responding to market and consumer demands.

The Finance Game, intended for more advanced classes, provides a simulation of a turn-around situation involving a medium-sized manufacturing company, in which students learn about profit and loss statements and other corporate performance reports.

Students build relationships with simulated mentors and co-workers through daily interaction using e-mail and video phone calls. The programs are adaptable to single class sessions or semester courses and align to National Business Education Association standards and curriculum topics. The Association focuses on business-related professional development.

The company said a site license for access to all three games is priced at less than $1,000.

About the Author

Dian Schaffhauser is a writer who covers technology and business. Send your higher education technology news to her at dian@dischaffhauser.com.

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Business calendar for April 2 - Rapid City Journal

Posted: 02 Apr 2010 08:20 AM PDT

WEDNESDAY, APRIL 7

"Credit When Credit Is Due," 6 p.m. to 9 p.m., Consumer Credit Counseling Service of the Black Hills, 2310 N. Maple Ave.; 348-4550

THURSDAY, APRIL 8

Business seminar, 9 a.m., Jacket Legacy Room, David B. Miller Yellow Jacket Student Union, Black Hills State University Student Union; cheryl.templeton@bhsu.edu or call 642-6321.

The South Dakota Center for Enterprise Opportunity business luncheon seminar, 11:30 a.m. to 1 p.m., Canyon Cottage at Michael J. Fitzmaurice Veterans Home in Hot Springs; www.BHSU.edu/SDCEO, Chris.Coolidge@BHSU.edu or 642-6435.

TUESDAY, APRIL 13

Rapid City Area Chamber of Commerce mixer, 5:30 p.m. to 7:30 p.m., Grandstay Residential Suites Hotel, 660 Disk Drive; 343-1744.

WEDNESDAY, APRIL 14

"How to Write a Marketing Plan," 11:30 a.m. to 1 p.m., Jacket Legacy Room of the Black Hills State University Student Union; register by April 9 at www.BHSU.edu/SDCEO, Chris.Coolidge@BHSU.edu  or 642-6435.

Free homebuying class, 6 p.m. to 9 p.m., Consumer Credit Counseling Service of the Black Hills, 2310 N. Maple Ave.; 348-4550.

WEDNESDAY, APRIL 21

Free homebuying class, 6 p.m. to 9 p.m., Consumer Credit Counseling Service of the Black Hills, 2310 N. Maple Ave.; 348-4550.

WEDNESDAY, APRIL 28

"Introduction to Grant Writing," 8 a.m. to 4:30 p.m., South Dakota School of Mines & Technology; 394-2693 or www.sdsmt.edu/learn/adult

Send your Business Calendar items to rcybusiness@rapidcityjournal.com.

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