|Tuesday, May 20, 2008 • Volume 4, Issue #291||Home||Research||Magazine||Contact Us|
|Top Stories||Complimentary Hispanic Business subscription|
There's a glitch in the government's plans to pump $150 billion into the economy by sending taxpayers a rebate: the rebates aren't arriving. Millions of taxpayers could be waiting for their checks until June or July. In addition, an IRS spokesperson in Florida confirmed last week that some economic-stimulus payments have gone to the wrong bank accounts. The stimulus snafu may touch the millions of taxpayers who take out refund anticipation loans or who allow tax preparation firms to deduct their fees from the taxpayer's refund.
Spanish power corporation Iberdrola will invest 8 billion U.S. dollars in renewable energy in the United Sates between 2008 and 2010, the company said in a statement Sunday.
A NASA-led study found that human-caused warming since 1970 has had an effect on a range of the Earth's physical and biological systems. Globally, the study found that about 90 percent of observed changes in the Earth's natural systems are consistent with global warming trends.
For more than two decades, the annual Hispanic Business 500 directory has served as a barometer of the U.S. Hispanic economy. A purchase of the 2007 directory provides the top 500 Hispanic-owned companies list in Excel format including: CEO names; company addresses and telephone numbers; e-mail addresses for 375 companies and Web addresses for 430 companies; and company revenue and employees numbers for 2005 and 2006.
HispanTelligence estimates that existing trends support the projections of at least 2.2 million Hispanic-owned businesses generating close to 388.7 Billion Dollars in revenues in 2008 according to a new report released by Hispantelligence. With a compound annual growth rate of 9.1 percent over the last 5 years, Hispanic-owned businesses are increasingly impacting the overall U.S. Economy.
|From the current issue of Hispanic Business magazine...|
Green: we're not only convinced that it's here to stay, we think it's likely to become "the new black." In the past, green investments were morally fueled in an effort to promote environmental protections or support companies with socially responsible labor practices or products. Today, consumers can't get enough green products, and their sales are shoving many companies' margins into the black.
Despite the current downturn in housing, the long-term prospects of green housing look promising. Backing up that belief is a recent American Institute of Architects poll that indicated that a remarkable 91 percent of registered voters nationwide would pay more for a house if it has a reduced destructive impact on nature. Just exactly what constitutes a "green" house is up for interpretation, but anything that saves energy, and reduces waste and pollution qualifies.
In the financial world, green can beget green--in all sorts of ways. In the past, "going green" meant protecting the planet, but today, it increasingly also means the potential profits reaped from environmental investments. "Green investing" focuses on a range of environmental and social concerns. Also called Socially Responsible Investing, or SRI, by analysts, its assets have blown through the roof in the past few years.
There is a shadow looming over the world of Hispanic nonprofits, threatening many with insolvency. Hundreds of charitable organizations confront the disturbing fact that a mere 1.2 percent of the donations from national foundations go to Hispanic nonprofits. One organization, however, that has bucked this trend is the highly successful San Francisco-based Hispanics in Philanthropy, or HIP. Aggressive, savvy, and international in scope, HIP is filling a small but critically important niche.
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