Presentation on theme: "Business. 2011 Business Review 1.The US Economy Unemployment rate at 9% 25 million remain unemployed Housing market burdened by foreclosure and falling."— Presentation transcript:
2011 Business Review 1.The US Economy Unemployment rate at 9% 25 million remain unemployed Housing market burdened by foreclosure and falling prices US credit downgrade US deficit hits the debt ceiling again at 15 trillion Record gas prices
2011 Business Review 2.The Euro Zone Crisis PIIGS Require bailout as borrowing cost soars Potential debt default Slow down in Europe, America #1 trading partner, will cut US economic growth next year
2011 Business Review 3.Bay Area business news: Social Media IPO’s: LinkedIn, Pandora, Groupon, Zynga, Facebook (2012) Solyndra (solar energy company folded after $535 million government loan guarantee, 1,100 layoff) Bay Area leading California in job growth – added ~41,000 jobs in 2011
2011 Business Review 4.Companies facing bankruptcy American Airline Sears Radio Shack Rite-Aid Jamba Juice Borders
2011 Business Review 5.Kingdom Business started by SJCAC Word of Grace Chinese School Gateway Preschool and Academy
2012 Business Prayer Points 1.Job Growth 2012 prediction South Bay: +1.9% (17,000 jobs) East Bay: +1.6% (22,000 jobs) West Bay/Marin: +1.6% (17,750 jobs) Statewide: +1.1% Jobs lost since 2007: 219,000 jobs
2012 Business Prayer Points 2.Pray for the overall US economy: Federal Reserve Quantitative Easing (printing money) may result in fall in US dollars and high inflation in the next few years. High inflation will lead to high interest rate which make borrowing difficult. Property values will tumble further as interest rate rises and cause more foreclosure and falling housing price.
2012 Business Prayer Points 3. Pray for existing SJCAC business owners and brothers and sisters working in the marketplace to live out God’s calling by bringing God’s dominion and presence into their sphere of influence. 4. Pray for existing Kingdom Business to thrive in Pray for more Kingdom Business to start by SJCAC brothers and sisters.