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Hollywood,USA also Caught Up in the Financial Crisis

For some people, there was a thought that the movie industry in Hollywood wouldn't get hit by the financial crisis. It turns out that the industry got hit quite hard. Banks aren't so confident to lend producers sums of money for months. While income from theaters nationally decreased, the income from DVD sales aren't good either.The problem got more complicated when the Screen Actors Guild will make a strike again. As the city of angels, LA is getting to be a more and more expensive place to produce a television series says an executive in the industry. Other states like Illinois, Michigan and New York gave tax incentives up to 40 percent for movie or TV production. Two top serial TV had moved to New York.One is 'In Treatment'(HBO) and the other is 'Ugly Betty'(ABC). The governor ,Arnold Schwarzenegger is worried of this situation and asked the State legislators to pass the incentives. Total box office movies produced this year was 67 less than last year...

Latest 2009 Lay Off Prediction

(BelajarEkonomi.Com)Enterprise Owner Association (Apindo) has recently revised their prediction of total lay offs in Indonesian industries. As mentioned before by it's chairman,lay offs are a must and very difficult to avoid. Actually there are choices for company owners to deal with the crises: 1. A Salary Cut 2. Homing employees, which means only receiving basic salary and no presence and transport pay, and .. 3. The hardest choice which is Total Lay Off. At a recent press conference, the Apindo chairman, Sofyan Wanandi said the figures would reach 1 - 1,5 million lay offs which would peak at the mid of 2009.This is above the ILO prediction of 650,000 (six hundred and fifty thousand) . To support his statement, joined with him in the press conference was Chairman of the Textile Association, Chief of the Association of Shoemakers, Head of Food and Beverages Association, and the Motorcycle industry Association's chief. The unemployment rate would rise 9 percent caused by t...

Indonesian Banking Sector Update

(BelajarEkonomi.Com) The Indonesian banking sector seems to have some growth in the credit sector eventhough the crisis proceeds. The Central Bank's governor said that there has been a lowering of the liquidity because of some policy adopted. Yearly credit growth are 37.1 percent.Investment credit grew at a record figure of 42,9 percent, Working Capital credit went 39 percent.While consumption credit grew 33 percent. The Non Performing Loan(NPL) or known in Indonesia as 'kredit macet' figure is at a stabil rate of 3.9 percent. The Banking sectors CAR (Capital Adequicy Ratio) is still as high as 16 percent. From the central bank's point of view, credit and market risk is currently in a safe level, but could worsen along with the crisis. Projected economic growth for next year of 4.9 to 5 percent would grow the credit rate from 15 to 20 percent says the governor. ( Microblogged by Tresna.Source : KCM) Visit the beauty of Bandung. http://www.visit-bandung.com

Fwd: The Fed Lowered Rates , Stock Market Confident

(BelajarEkonomi.Com) As a good sign for the world market.The effect of one percent decrease of the Fed Rate already gave confidence to the Indonesian Stock Exchange. The index strenghten 21,15 points to 1.363,98. The LQ rose 1,91 percent to 274,31(Kompas 18 dec 08) These increases are due to the confident market which predicts that the lowering of the Fed Rate would stimulate the US economy real sector which further would hopefully increase world products demand. It is also a good sign that the US government is taking the appropriate actions.

Obama on Economic Recovery

Congratulations. The US of America has voted and they have voted for Barrack Obama. US citizens have great hopes on him. And so does much people around the world is also expecting so much from him. This is also for us in Asia especially in Indonesia . What would be his steps to tackle this crisis? From his campaign it is quiet clear what he will do. Let’s just make this simple. Roosevelt at his time had plans for the US to recover from the Great Depression. His plans while campaigning were also interesting and got the minds of voters. Obama is in some sort of the same situation now. But the thing is .. Can Obama pull it off this time? What Roosevelt did was he created projects such as building the great Roosevelt Dam to absorb the unemployment because he thinks the enemy of an economic crisis is unemployment. This fiscal expansion policy is to regain the economic growth and is also known as a Keynesian economic approach. Now what Obam...

What We Can do Facing this Economic Crisis.

We all know now that the crisis is right here in front of us.   World Oil prices are reaching the heights higher than ever before. To save the national budget the government increased the petrol prices. This causes cost of distribution to increase, which will then increase the prices of daily goods and services. When the prices are higher this means people are holding more money then saving it in the bank. This is what you call inflation. When inflation occurs, the value of money that we are holding gets lower. Cost of living is getting higher each day.   But did you know that there are some people that aren't effected by the crisis ?   Should we go out and join civilians in demonstrations that strike against fuel increases? We can do that. But we will only add one person to the demos. And would the government change their mind lower again the price? I think not.   Let's see what is relevant for us to do. And let's see what we must think now and ...

Economic Conditions,1st Quarter 08

(Belajarekonomi.com) As the economy of Indonesia moves to the second quarter, there are significant events that could revise the state budget.   As predicted earlier this year the impact of the US Sub-prime mortgage crisis has effects to the world economy. More over, other things that have effects are the on going rising of the world oil price. This rise is carefully monitored by the economic coordinating minister and is said to be a serious issue to the Indonesian economy.   At the near future the program for limiting the petrol consumption is near reality. Some people agree more on just raising the price then limiting the usage. This is because if this limitation occurs then it would affect the economic wheel that runs the economy. Nowadays, people could feel the rise of daily commodities. Some say it is more caused by the distribution problem. Cooking oil is one of them. Small businesses are suffering a lot because of this condition. Al though the conver...