The information is then analyzed by sectors for each district and a summary is prepared. The report for the 12 districts is prepared by a Federal Bank branch in rotation. The current beige book has been prepared by the Federal Reserve Bank of Kansas City. The beige book serves as a handbook for the Fed for its policy setting meetings, the next being on March 16. The first beige book report for 2010 was released in January followed by the current one released this month. Subsequent reports are to be released in April, June, July, September, October and December.

As per the new beige book report, the US economy activity continued to improve in nine out of the 12 districts. However, severe winter conditions and blizzards resulted in slowdown in economic activity in certain districts. While, economic activity continued to expand, the gains made were modest. The current report compares results to the last beige book report of January. As per the report, consumer spending continued to grow though severe winter conditions dampened the growth in some districts.

Tourist activity also displayed modest gains and the demand for services like healthcare and information technology also firmed up. Manufacturing activity also experienced expanded in most districts in the sectors of automobile, high tech and metal industries. Barring the impact of the winter conditions, the real estate market for homes also firmed up. While, the residential real estate side made gains, the commercial real estate and construction activity remained weak and even declined in some districts. Agricultural activity was dampened by the harsh winter conditions. Credit off take was also weak.

The labor markets continued to remain weak, something that is a cause for concern as it impacts the long term prospects of demand in the economy. While the rate of layoffs continued to decline, fresh hiring was weak across most districts. A poll of economists revealed that nonfarm payrolls fell by 75,000 in December followed by 20,000 in January. The February jobs report reveals an increase in the unemployment rate to 9.8% from 9.7%, which is not a healthy sign for economic recovery. However, weak labor markets kept cost push inflation under check leading to little inflationary pressures in the economy.

The dollar did not react sharply on the beige report results and gained marginally against some currencies and dipped marginally against a few. The dollar’s reaction seems to be in line with the beige report’s findings that while, the economy is in positive territory, the gains are only modest.

Do you want to know how top forex traders make more profits than the rest? They get the latest currency trading updates faster than the competition. You can do that too by visiting: Forex News Analysis. Pete is a freelance article writer, expert link builder, article marketing expert, and a seo freelancer specialist.

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Mr. Hill announced in this passage that a new race, with high stakes was about to begin in his world. He boldly stated that there were huge fortunes that were going to be made by the masses. This was a shift in the rules of the money game, because in the past it was the elite and not the masses that were bringing home the gold.

For this economic change to happen, Mr. Hill asserted that the world would demand new ideas¸ a new way doing things, and new leadership. In order to enlighten and re-educate the masses, he said that there would be a need for new methods of teaching. Marketing methods would have to change as well, according to Mr. Hill.

To transform the world into Napoleon Hill’s idealistic vision, there was a demand for practical dreamers who would be quick to act on their dreams. He saw a need for tolerance and an open mind as dreamers began to recreate and reinvent the way the world did business. Mr. Hill cautioned that anyone afraid of new ideas would be doomed from the start. He exhorted his readers to believer that this was the most favorable time for entrepreneurial pioneers to succeed. Success demanded that people everywhere catch the spirit of the great pioneers of the past who had laid the foundations of past and current business empires.

Napoleon Hill’s final exhortation was, if the thing someone wanted to do was right, then they should step out and make it happen. He emphasized that there was no time to look back or hesitate. The race was on and this was the time for dreamers to act and establish their dreams.

If you have your ear to the ground today then you realize that the economic structures as we know them are very weak. I do not have to dissect Napoleon Hill’s exhortation for you. The old economic world is on the verge of total collapse. There is really no easy way to put it back together. Utter corruption really cannot be repaired. The only thing feasible action now is to count our losses and usher in a new economic world.

I believe that there is a force of entrepreneurial dreamers who have already begun to exert their passions into a battle weary workforce looking for leadership and answers. As Napoleon Hill said, the race is on. The big question now is, are you in or are you out? If you are looking for a way to prosper in a failing economy, catch the spirit of the dreamers of the past. Connect with the dreamers of today who have not given to hopelessness and despair. Go out and exert your passions, live your dreams, and create untold wealth in a world that they say is hopeless. Here is to your overwhelming and amazing success.

If you are looking for a way to overcome the despair of the current economic conditions, check out my resource box and let’s connect today.

Lindy Diffenbaugh is a Mental Health Therapist and Life Coach by Profession. She has followed the trend of Internet Marketing and the Home Base Business in order to help others move forward and get beyond the perils of the current economic threat in our nation, to a place of personal and economic strength. For more information on how Lindy can help you prosper, even in a down economy, visit, http://www.LindyzBiz.com.

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There is a solution to the current economic meltdown and I have termed it Participative Capitalism. Capitalism is not dead or even dying. In reality it has not even got going: it’s in its infancy and has simply been hijacked by those captains of industry who are masters of the competitive plane. Wallace D. Wattles predicted this crises way back in 1910; he also predicted the solution in rather broad terms. I have taken up his prediction and filled out this solution and termed it: Participative Capitalism.

Wattles hints at a solution in a single sentence and I see it very much the same way and would like to open up a conversation on the subject; but it requires you to have read The Science of Generating Wealth a free download available on my website. I believe it is also essential that you have read Power versus Force by David R. Hawkins. And in due course it will be important to have read two books by Ricardo Semler: Maverick and The 7 Day Weekend – preferably at least the latter.

OPENING TO NEW POSSIBILITIES

But reading these books just once may not be sufficient. You may need to read them through at least 3 or 4 times while opening yourself up to that which “you don’t know that you don’t know”. New possibilities do not exist in the realm of what we know; they only exist in the realm of “what we don’t know that we don’t know”. But how to get into that realm you may ask? All four of these books operate outside of our social conditioning, the very force I believe that is involved in the causes of the current economic meltdown. Read these books with an open mind and you will take your first steps into the world of new possibilities.

THE ADVANCING PERSON

Participative Capitalism encourages entrepreneurship and individual achievement while also uplifting all those with which it comes into contact. It operates within and upholds the 25 Laws of Wealth Creation (read: Awakening to Wealth – The 25 Laws of Wealth Generation by Rod Finnie) and underlines the principle of the advancing person by giving increase of life to all with whom it interacts. Participative Capitalism is a solution for the man in the street and will work for each individual whether the world is in turmoil or whether it isn’t.

THE END OF AN ERA

The current economic crisis is not simply an economic downturn; it is the end of a particular economic system based on selfishness and greed. But we must be very careful not to link this to Capitalism and say that Capitalism is rotten and that it must be replaced. In my opinion this is a shallow view that overlooks a number of important distinctions. The following story which was told to me is informative.

An economics professor at a local college made a statement that until now he had never failed a single student, but now he had failed an entire class. That class had insisted that socialism worked and that under that economic system no one would be poor and no one would be rich, that socialism was a great equalizer.

A WORLD OF AVERAGES

The professor then said, “OK, let’s run an experiment in this class whereby we introduce a socialist approach to administration of grades”.

The professor said that in future all grades would be averaged and everyone would receive the same grade; so that no one would fail while someone else was being rewarded with an A grade.

After the first test, the grades were averaged and everyone got a B. The students who studied hard were upset, but the students who had studied less or even very little were happy. As the second test rolled around, the students who had done little study studied even less and the ones who studied hard decided they wanted a free ride too so they also studied less.

LOWERING EXPECTATIONS

The second test average was a D! Now no one was happy. There was concern that life was not as good as they had hoped it would be. When the 3rd test rolled around, the average was an F. So did the students apply themselves and get down to work? Apparently not!

The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else.

All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when a big brother takes all the rewards away, no one will try or want to succeed.

LEVELS OF CONSCIOUSNESS

The question is not about the difference between the poor and the rich and that we need a system to rescue the poor. The poor are quite capable of rescuing themselves when they find out how to do this. The question is not that Capitalism has failed and that the answer is to be found at the opposite end of the spectrum. The question has to do with human nature and its misuse of force as opposed to power in its desire to create wealth. The problem as I see it is not with Capitalism or Socialism; the problem is with the level of consciousness of human nature. We are preoccupied with winning to the detriment of all others who we engage with. We do not have as our priority the desire to advance all those who we engage with by targeting a win-win scenario as the only possible outcome.

SCIENCE OF GENERATING WEALTH

The Science of Generating Wealth, originally entitled “The Science of Getting Rich”, in my opinion is one of the most important books of our time. Wattles clearly foresees the impending crash of the current economic system and predicts the system that will replace it; but points out that the world is not going to the dogs as many are claiming, but that the world is in state of becoming. And I agree. We are now in that phase whereby the economic system based on competition has shot itself in the foot and is being replaced by a creative economic system that rewards the advancing person who brings life and wealth to all those stakeholders with which he or she is engaged. But we are only in the very early stages.

Wattles insists that if you follow his guidelines exactly and follow “the certain way” of doing things that you will generate wealth for yourself and will assist those around you to do likewise no matter what is happening around you.

Continued in Part 2 – The World is in a Process of New Becoming

Author Rod Finnie is a professional writer and personal, executive and transformational coach. He has 37 years experience in business in marketing and change management. He has operated in the corporate world of international business as well as in the world of the independent entrepreneur. His focus is on personal wealth and wellness as well as on business break-throughs to optimising peak-performance.

Rod writes on the subjects of health, wealth and prosperity and has his own unique and invaluable approach to the subjects. He is a creative thinker and innovator and is developing a new approach to economics entitled Participative Capitalism. His latest book is entitled: Awakening to Wealth – The 25 Laws of Wealth Generation and you can find out more about this at Science of Generating Wealth under “Key Downloads”. He specialises as a transformational coach for both personal and business transformation and is an exponent of Participative Management and Generative Leadership coaching; the required business management styles for the leading companies of the 21st Century.

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Readers and Viewers must discover and know the content of economics. This article will be tackling fundamental and basic principles of economics. Fundamentals of economics is focus on banks or banking, business, business cycle, depression, economic freedom, income, inflation, investment, labor force, manufacturing, marketing, money, monopoly and competition, consumer price index, cost of living, physiocrats, price, production, profit, property or dealing with real estate business, recession, rent, standard of living, supply and demand, trust, unemployment, value added tax in which I believed that this term will be understand by the viewers. The meaning of economics is very simple. According to Fajardo, the author of his book titled “Economics” third edition, The meaning of economics is the social science that deals with proper allocation and efficient use of available resources for the maximum satisfaction of human needs and wants.

Here in economics, there is also an economic system and theories to be learned by the readers and viewers. They must know the information of capitalism, communism, economic determinism, Facism, laissez faire theory, Theories of business cycle, Manioralism, Mercantilism, Socialism, and Syndicalism. They must take note that economic system is a set of an economic institutions that dominates a given economy. There is also a history in Economics from past to present times, even in the future. According to Fusfeld, who has a knowledge of John Meynard Keynes or known as “Baron Keynes of Tilton” that has a famous books which is very popular until now titled “Keynes General Theory of Employment, Interest and Money” which was written in the year 1936 which ranks among the most important books on economics. Aside from this, among his other works are A Tract on Monetary Reform written in year 1923, The End of Laissez Faire Theory written in year 1926, and also A Treatise on Money written in year 1930. There are also future in economics and these are called “ethico-economics in which I will discover it on my next article and next is economic crisis that cannot predict when will it happen so it belongs to the future.

After mentioning the introductory part and historical background of Economics, this time I will proceed to domestic approach. The writer of this article will focus on the Philippine Financial System in order to share ideas, thoughts, and opinions from other nations. This article is a big help for those who will take Master’s and Doctoral Degree in Economics. In Philippines, the most common financial institutions are based on banking, pawnshops, insurance companies,lending, financial or lending companies. The Banngko Sentral ng Pilipinas or known as BSP (former Central Bank of the Philippines) is the central monetary authority and their purpose is to maintain monetary stability, and to promote a balance and sustainable economic growth.

The last part content will be international approach because it deals with global economy. In our planet Earth, seven continents around the globe gather to participate in International Trade. To those who are interested in this part of my article, they can find or search it in tariff, trade, International Monetary Fund or known as IMF, Asian Development Bank or known as ADB, Exports and Import, Common Market, Exchange Rate, World Bank.

To understand the meaning of international trade, according to James B. Calderwood, “International trade is the exchange of goods and services between countries and it is sometimes called “world trade” or “foreign trade”. to explain this meaning, it enables a nation to produce the goods it can make the most cheaply and exchange them for goods it finds more costly to produce from one country to another countries. That is how the international trade means to the economics. The good example that practice International Trade is Japan because they can compete with other countries.

The World Bank, International Monetary Fund, and Asian Development Bank are the major lenders to our country. Their development funds have been focus on economic development such as agriculture.

After mentioning my content of economics from domestic up to global approach, they must take note that we are in the concerns of social responsibility this is not referring to the rich or poor people.

A. Books

Calderwood, James B. “International Trade” Vol. 10, The World Book Encyclopedia. Chicago, World Book, Inc.,1985.

Fajardo, Feliciano R. “Economics” 3rd Ed. Sta. Mesa Heights,Quezon City:Rex Printing Company, Inc. May,1996.

Fusfeld, Daniel R. “Keynes, John Maynard” Vol. 11, The World Book Encyclopedia. Chicago, World Book Inc.,1984.

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