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Thursday, August 15, 2002

Volume 3, Issue 24

Minority Business Development Agency

In the news this week...

U.S. Hispanics' Buying Power Up in Last Decade
The buying power of U.S. Hispanics has increased almost 30 percent over the past decade, according to the Census Bureau, which noted that most of the extra money went toward real estate purchases and to start up businesses.

U.S. Latino Leaders Give High Grades to Democrats
The National Hispanic Leadership Agenda (NHLA) on Wednesday released its congressional scorecard, giving Democrats high marks for their support on issues that affect Hispanics.

Fed Leaves Key Interest Rates Untouched
The Federal Reserve kept interest rates steady, as expected, but signaled that it would be willing to lower rates in the future should the nation's economic weakness continue.

Stocks Gain as Corporations Certify Financial Results

Complying with a campaign that aims to stampout auditing fraud, hundreds of U.S. executives beat a Wednesday deadline to swear that their companies' financial statements are accurate. Wall Street stocks booked their biggest gains in more than two weeks Wednesday, in part because confidence in U.S. companies' accounting practices recovered among investors, traders said.

Report Reveals Disparities in Los Angeles Media Pay
Significant disparities in the salaries earned by broadcasters in the Spanish-language media and their English-language counterparts exist in the Los Angeles-area news business, according to a UCLA study published on Thursday.

H&R Block Recruiting to Meet Hispanic Market Needs
Initiative to hire 5,000 Spanish-speaking tax professionals is key to meeting needs of growing Hispanic client base.

Greater Workforce Diversity Forecast
The 2002-03 Workplace Forecast, a bi-annual analysis by the Society for Human Resource Management, forcasts greater workforce diversity, higher health insurance costs, more reliance on technology and increased security vigilance.

El Sentinel Promotes Ad Manager to Publisher
Anibal Torres, an advertising manager with the Orlando Sentinel for six years, has been promoted to publisher of El Sentinel and elSentinel.com. El Sentinel, a bilingual weekly, has a circulation of 60,000 in Florida's Orange, Osceola, Seminole and west Volusia counties.

Crossover Interactive to Co-Produce "Urban Latino" Show
Costa Mesa, California-based Hispanic advertising agency Crossover Interactive announced that it will procuce segements for "Urban Latino" syndicated television series.

Hispanics Key in Fall Races
Eager to win support from America's fastest-growing minority, both major political parties are fielding record numbers of Hispanic candidates in this fall's elections and seeking votes in key cities and states where the Hispanic population is surging.

U.S. Postal Service

From the current issue of

Hispanic Business magazine

A New Deal for Auto Dealers? Premium member content
The new National Association of Hispanic Automobile Dealers (NAHAD) has established itself with the mission of getting more import dealership into Hispanic hands.

No Slam Dunk
A favorable regulatory environment notwithstanding, Univisionís merger with HBC could become unraveled by SBSís lawsuit.

Visit our other sites!

HBEvents.com provides the most up-to-date information on Hispanic Business Inc. educational services and events, including the Hispanic Business Magazine Entrepreneur of the Year.

HispanTelligence.com contains quantitative data and a qualitative analysis on the U.S. Hispanic market. It allows researchers and business planners to access data on the Hispanic market.

HireDiversity.com, the recruiting branch of the family, offers an efficient place for minority job-seekers and diversity-minded employers to meet. The site also offers an array of diversity news.

SuperOnda.com is the site of the sister magazine of HISPANIC BUSINESS. It aims at passing along the Hispanic heritage of success to the next generation of young Hispanics. The site features a list of the best schools for Hispanic students, career development resources, musical and entertainment reports and much more.

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