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Oil Falls Below $90 a Barrel
Oil fell below $90 a barrel on Monday to its lowest level in eight months, pressured by expectations that the global credit crisis will bring a sharp fall in oil demand.

Sen. Charles Schumer yesterday called on the Bush administration to create a temporary small-business direct-loan program to serve as a bridge until funds kick in from the $700 billion federal bailout for Wall Street banks.

Countrywide Financial Corp. has agreed to modify home loans for 400,000 struggling homebuyers as part of a settlement, Legal Newsline reported Sunday.

While it was no secret that senators Barrack Obama and John McCain announced weeks ago that they would vote for the $700 billion so-called "bailout bill," signed by President George W. Bush earlier today, some national Hispanic and commerce groups are weighing in with their opinions about how the financial-market rescue plan should have been handled.

The U.S. House of Representatives today passed the widely debated $700 billion package to prop up the country's financial system. HispanicBusiness.com spoke with several groups, including Citizens Against Government Waste and the U.S. Hispanic Chamber of Commerce, to get their perspectives on possible implications.

HispanTelligence Research
Hispanic Economy in Transition Cover Art
Hispanics are now the largest ethnic minority in the United States and during the past decade, U.S. Hispanic purchasing power has rapidly increased. This report takes an in depth look at how today's Hispanic Economy is transitioning into an economic power in the U.S. Click here for the executive summary and table of contents!

The number of Hispanic-owned businesses in the United States is expected to grow 41.8 percent in the next six years to 4.3 million, with total revenues surging 39 percent to more than $539 billion, according to new estimates by HispanTelligence. Spurred by growing entrepreneurial trends and affluence among the nation's largest minority population, the increase is expected to come at a robust rate of 8.5 and 8.7 percent, respectfully, over the next couple years.

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.

From the current issue of Hispanic Business magazine...
100 Influentials, 2008: The Complete List
Presenting Hispanic Business Magazine's 100 Influentials for 2008, including the special spotlight on the 40 influentials from Los Angeles.

California and Los Angeles have emerged nationally as centers of Hispanic economic and political influence. We recently caught up with charismatic LA Mayor Antonio Villaraigosa to talk about the opportunities for Hispanics and the reawakening of the "City of Angels."

Welcome to our list of the best and the brightest. They are changing the nation in all sectors, including business, politics, education, and entertainment. This year the focus is on Los Angeles as it moves to the center of U.S. Hispanic influence.

One year into the current financial downturn, it seems the recovery formerly expected during the second half of this year will not actually occur for at least another year. The initially anticipated $100 billion of write-downs is surpassing the $500 billion mark, not yet counting the unknown costs from the U.S. takeover of Fannie Mae and Freddie Mac. The impact of a few states' real estate losses, previously believed to be fairly circumscribed, is spreading nationwide. Our quarterly breakdown follows:

Upcoming Events
Thursday, October 16, 2008 - HOUSTON, TEXAS
8:00AM - 10:00AM - NETWORKING BREAKFAST
A collaborative effort to bring together an elite handful of influential Hispanic business leaders, Hispanic Business Media has partnered with Aflac Insurance to present these exclusive opportunities to interact with top executives, leaders and thinkers. This is a unique chance to take a look behind the curtain, witness how these forward-thinking individuals operate and see how they have become a progressive force within the Hispanic business community. Call 305-852-3255 for more information or register online HERE

Thursday, November 6, 2008 - LOS ANGELES, CALIFORNIA
DAYTIME CONFERENCE & EVENING GALA
The 2008 Hispanic Business magazine EOY Awards will be held this year at the luxurious Millennium Biltmore Hotel in Los Angeles. We will once again recognize and honor Hispanic entrepreneurs who have demonstrated uncommon drive, innovative courage, prosperity and civic responsibility. Call 805-964-4554 x 308 for more information or register online HERE






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