Diversity MBA Magazine - April 2008 - (Page 8) ivMBA - BUSINESS BRIEFS - DivMBA he good news, according to a major economic survey, is that faith in the economy didn’t get too much worse in January. The bad news is that it didn’t get any better. Worker confidence in the employment market remained virtually unchanged in January’s Hudson Employment Index, declining three-tenths of a point from December’s rating to 89.0. Only 11% of respondents indicated that their finances were excellent, and only 32% said their finances were getting better. Hudson officials noted that typical new-year optimism was severely muted in 2008 due to the ongoing effects of the struggling economy. ■ conomic activity generated by the nonprofit arts industry in the United States increased 50% over the past five years, found a study by Americans for the Arts. Based on data from 156 communities and regions representing all 50 states, the study, Arts & Economic Prosperity III, revealed that the nonprofit arts industry generates more than $1 billion from organization and audience expenditures in Chicago, the greater Philadelphia area, San Francisco, and the greater Washington, D.C., area. (The two largest U.S. cities, New York and Los Angeles, each of which generates more than $1 billion in organizational expenditures, were excluded from the study in order to avoid inflating national estimates.) Twenty-five regions participated in both Arts & Economic Prosperity III and the previous study five years ago. Comparative data from those communities shows an average increase of 58% in organization expenditures, 50% in audience expenditures, and 50% in T overall economic activity. Four cities/regions — Mesa, AZ; Miami-Dade, FL; Boise, ID; and Newark, NJ — had increases of more than 100% since the last study. ■ .S. Asian Wire, the national newswire targeting Asian-American media outlets and organizations, and Collegiate Presswire, provider of electronic content and services to the nation’s print, broadcast and online college media, have forged a strategic marketing and targeted news-distribution partnership. The new distribution circuit, comprised of each newswire’s national media reach, will be offered to clients as a bundled package at a discounted rate compared to ordering the two distributions separately. Through the alliance, the two companies plan to increase dissemination of news content to national AsianAmerican media and organizations and national college and university media alike. ■ U E 8
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