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Thursday, February 7, 2002

Volume 3 Issue 6


In the news this week...

Economic Stimulus Legislation Shelved
Legislation that would have tried to stimulate America's still-sluggish economy with new aid to jobless workers and tax breaks for business was shelved Tuesday, the victim of partisan gridlock.

Militarization of the Border?
Human rights groups and legislators have accused the federal government of being insensitive to the situation in the U.S.-Mexico border area with the plan to send military troops into the region.

Minority Business Ownership Nears 15 Percent
Minorities now own nearly 15 percent of American businesses, according to a report issued today by the Office of Advocacy of the U.S. Small Business Administration (SBA).

SBA Adjusts for Inflation
The U.S. Small Business Administration has increased its revenue-based size standards for small businesses by 15.8 percent to account for inflation since 1994, SBA Administrator Hector V. Barreto announced Friday.

After Enron, Debt Stalks Corporate World
For many corporate giants wondering if they will survive the downturn or go the way of U.S. energy titan Enron, debt is emerging as the be-all-and-end-all, a little word -- but a big problem on the balance sheet.

Ferrer Appointed to DNC Advisory Committee
Democratic National Committee (DNC) Chairman Terence R. McAuliffe has announced the selection of former Bronx Borough President, Fernando Ferrer to the 2004 Democratic National Convention Site Advisory Committee.

Report: Minorities Turning Backs on Business Careers
Despite a robust economy and greater emphasis on business diversity in the 1990s, the number of African-American, Hispanic and Native American students earning business degrees dropped significantly.

Success Story: Latina Turns Home Hobby Into a Thriving Business
What started out as a hobby of designing and sewing handbags has blossomed in ways that Yolanda Chavez never thought possible. Her company, Carmen Handbags, is now a full-scale manufacturing operation in downtown Albuquerque.

Hispanic Business Magazine

Editor selections from the current issue of

Hispanic Business magazine

Hitting Their Stride
This year's Hispanic Business Corporate Elite directory includes a total of 928 executives - a 43 percent increase since last year, when the directory featured 651 names.

A Mixed Forecast for 2002
With the U.S. recession approaching its one-year anniversary in March, CEOs and consumers are eager for it to end. A consensus of forecasters points to a recovery in the early months of 2002, although experts use different data to back up their projections.

Visit our other sites!

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.

HBEvents.com provides information, coverage, and registration services for Hispanic Business Inc. events and educational services including the Hispanic Business magazine Entrepreneur of the Year.

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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