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Best and Worst Bang for the Buck Cities-by Abha Bhattarai- |
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By UCFABC on
10/15/2008 7:58 AM
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The economic storm sweeping the country has left Americans with few places to hide.
But those looking to hunker down might want to head to Texas, where they can get the best value for their dollar.
That's because Austin and San Antonio lead our list of places where your money goes farthest. Residents of both enjoy affordable housing and promising prospects for job growth in coming years. Houston and Dallas also land in the top 10, at Nos. 4 and 7, respectively.
"Texas, as a whole, is one of the few economies that's performing extremely well because of the energy and technology sectors," says Andrew Gledhill, an economist at Moody's Economy.com. Plus, he added, military bases in San Antonio have continued to draw a steady steam of personnel and federal employees to the city, spurring widespread job growth.
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A Biblical Seven Years-By THOMAS L. FRIEDMAN, The New York Times |
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By UCFABC on
8/28/2008 5:47 AM
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After attending the spectacular closing ceremony at the Beijing Olympics and feeling the vibrations from hundreds of Chinese drummers pulsating in my own chest, I was tempted to conclude two things: “Holy mackerel, the energy coming out of this country is unrivaled.” And, two: “We are so cooked. Start teaching your kids Mandarin.”
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First Chinese traveling to US under new agreement-By CHRISTOPHER BODEEN Associated Press Writer |
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By UCFABC on
6/18/2008 8:24 PM
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BEIJING—Chinese tour groups headed to the U.S. on Tuesday under a new agreement that the American travel industry hopes will bring in billions of dollars.
An initial group of more than 200 tourists was flying from the cities of Beijing, Shanghai and Guangzhou for a 12-day visit that will take them to destinations including New York, Washington and Los Angeles. The trips cost about $4,000 each.
Chinese with visas have long been permitted to travel to the U.S. but the agreement signed last December considerably eased the way by conferring China's "approved destination status" on the country.
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China yuan hits new high against US dollar----By Elaine Kurtenbach, AP Business Writer |
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By UCFABC on
6/18/2008 7:14 AM
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Chinese currency hits fresh high against US dollar as strategic economic talks resume
SHANGHAI, China (AP) -- The Chinese yuan gained against the U.S. dollar on Wednesday, hitting a fresh high as American and Chinese officials resumed talks centering on trade and other strategic issues.
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Washington wants Beijing to loosen controls on currency trading and allow the yuan's rate to set by market forces. U.S. manufacturers contend that the restrictions keep the yuan's value artificially low, giving Chinese exporters an unfair advantage and boosting China's trade surplus.
The yuan has gained about 20 percent against the U.S. dollar since Beijing revamped its foreign exchange trading system in July 2005, revaluing the currency by 2.1 percent to 8.11 yuan to one dollar.
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China Earthquake Relief Fund to Help the Survivors |
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By UCFABC on
5/27/2008 3:06 PM
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A powerful 7.9 magnitude quake has struck China, killing more than 15,000 and injuring more than 10,000. More than 10,000 are reported missing. Additionally thousands of victims, including hundreds of school children, remain buried under rubble in this earthquake, China’s worst in three decades. Make a donation today to help the people of China hardest hit by this giant quake.
US-China Federal Association of Business Councils (UCFABC) will assist your donation, transfer fund by Consulate General of P. R. China to China’s Red Cross Organization. Thank you in advance for your generous support and prayers for China quake survivors. Please contact with us at 713-988-1181
UCFABC-China Earthquake Relief Fund
9894 Bissonnet St. Suite 330
Houston, Texas 77036, USA
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America's Recession-Proof Cities-By Joshua Zumbrun, Forbes.com |
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By UCFABC on
5/13/2008 1:53 PM
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Nationally, home prices are falling, unemployment is on the rise and the economy is expected to grow slowly--or even contract--in the first half of the year.
But some cities are doing just fine.
Take Oklahoma City, Okla. With falling unemployment, one of the country's strongest housing markets, and solid growth in agriculture, energy and manufacturing, it looks best positioned among the nation's largest metropolitan areas to ride out the current crisis.
San Antonio is right behind. It also features solid employment figures and affordable home prices that continue to rise. Its industries are growing; it can't hurt that the new AT&T was formed when San Antonio-based SBC Communications swallowed the old AT&T Corp. and BellSouth.
The others holding steady or improving include Austin, Texas; Houston; Charlotte, N.C.; Dallas; San Jose, Calif.; Raleigh, N.C.; Salt Lake City; and Seattle.
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China reports it's tied US for most Internet users-By Joe Mcdonald, AP Business Writer |
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By UCFABC on
4/24/2008 12:51 PM
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China's Internet population ties US for world's biggest, though it lags in many respects
BEIJING (AP) -- By some measures, China has tied the United States as the online population leader with its government reporting that the number of Internet users there has soared to 221 million.
The figure, reported Thursday by the Xinhua News Agency, reflects China's explosive growth in Internet use despite government efforts to block access to material considered subversive or pornographic. It was a 61 percent increase over the 137 million Internet users reported at the start of 2007.
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Paulson Tells China Progress on Credit-By Joe Mcdonald, Associated Press Business Writer |
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By UCFABC on
4/2/2008 4:39 AM
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Paulson Tells China US Making Progress on Credit Crisis, but 'Bumps' Ahead
BEIJING (AP) -- U.S. Treasury Secretary Henry Paulson says he told Chinese leaders that Washington is making progress in resolving the U.S. credit crisis but cautioned them that there will be "more bumps" ahead.
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Paulson met on Wednesday with President Hu Jintao and Beijing's new point man on strained relations with Washington, Wang Qishan.
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