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PROFNET EXPERT ALERTS: Net Generation / Manufacturing Trends / Problem Assets
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1. Economy: What Happens When Trillions Fight with Billions?
2. Finance: Taken by Surprise: What Lenders Aren't Seeing
3. Manufacturing: Clean Energy/Sustainability: U.S. Manufacturing Trends
4. Technology: Net Generation Changing Workplace Dynamic
1. ECONOMY: WHAT HAPPENS WHEN TRILLIONS FIGHT WITH BILLIONS? JAMES
FRISCHLING, president of NEWOAK CAPITAL, an asset management, capital markets
and advisory platform in Manhattan: "I've learned that when millionaires fight
billionaires, it's the billionaires who come out on top. It's just like our
economy, now facing billion-dollar problems, but the government is confronting
them with trillion-dollar commitments and has made the decision to win this
fight. The expansion of the U.S. deficit and the tremendous borrowing must
come with a cost attached to it, but how far out in the future will the bill
for all this come is an open debate. For those who argue that the government
is merely throwing kerosene on the fire in order to keep it going -- and that
without the stimulus, we'd be in far worse shape -- recognize that the
government has a lot of gas in the tank. So, yes, you can, in fact, fight
billion-dollar problems with trillion-dollar solutions." News Contact: Marisa
D'Vari, MDVari@newoakcapital.com (11/9/09)
2. FINANCE: TAKEN BY SURPRISE: WHAT LENDERS AREN'T SEEING. MIKE KAIN, an
associate in Richmond, Va., with ANDERSON BAUMAN TOURTELLOT VOS, a turnaround
management company based in Greensboro, N.C., has served as interim executive
and revitalization consultant for companies in a wide variety of industry
sectors in the role of turnaround professional: "Lenders are aware that many
of their client companies are struggling, but aren't concerned about undue
risk with some of them because of how well structured the original loans were
to ensure sufficient collateral. Based on what I'm seeing in the field right
now, however, lenders need to prepare for some nasty surprises. Collateral is
deteriorating faster than anyone imagined. Lenders swamped with problem assets
aren't focused on clients where they think the financial performance risks are
compensated for by a relatively high level of collateral. Lenders need to find
creative ways to pay closer attention to the financial performance and the
collateral diminishment of these clients to avoid some unpleasant and
unexpected outcomes." Kain can point to specific indicators that identify
companies at risk of deteriorating assets and describe intervention steps to
take to avert the unexpected drying up of collateral. News Contact: Martha
Murphy, martha@thebloomagency.com Phone: +1-336-397-5407 (11/9/09)
3. MANUFACTURING: CLEAN ENERGY AND SUSTAINABILITY ARE KEY TRENDS FOR U.S.
MANUFACTURING. DONNA ZOBEL, president of MYRON ZUCKER, INC., which has
provided power quality solutions for manufacturing, industrial, and commercial
facilities since 1954, can discuss comments on the U.S. Commerce Department's
Sustainable Manufacturing Initiative (SMI) program, which was launched in
2007: "Now, two years later, there is clearly a failure of the government to
communicate adequately the goals sought and potential benefits available to
U.S. manufacturing firms and other institutions who adopt green practices."
Zobel was among the business leaders who spoke at a U.S. Commerce Department's
"Sustainability and U.S. Competitiveness Summit" in Washington, D.C. She so
impressed the officials there that she was invited to speak at the White House
in late October at its Clean Energy Economy Forum, hosted by Commerce
Secretary Gary Locke. In preparation for her presentations, Zobel conducted a
survey among 350 of the power product firm's customers. The survey revealed
that 75 percent of the 175 respondents have not heard or read anything about
the Sustainable Manufacturing Initiative (SMI) program. Zobel is based in
Sterling Heights, Mich. News Contact: Sue Voyles, sue@logos-communications.com
Phone: +1-734-667-2005 Web site: http://www.myronzucker.com (11/9/09)
4. TECHNOLOGY: NET GENERATION CHANGING WORKPLACE DYNAMIC. BILL BRIKIATIS,
marketing director, NUANCE COMMUNICATIONS, INC., a provider of speech and
imaging solutions for businesses and consumers around the world: "With every
new generation comes an increased technology savvy and evolving work approach.
But the Net Generation -- the first group of 'digital natives' -- is shaking
up the office workplace such as no other age bracket. These natural-born
techies see paper as archaic. Paper in the workplace also strikes against the
environmental instincts of this age group." Brikiatis can outline the steps
organizations can take with office technologies to help the Net Generation
thrive in the workplace -- and contribute to their potential. He is located in
Burlington, Mass. (11/9/09)
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SOURCE ProfNet
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