|By PR Newswire||
|January 2, 2013 10:46 PM EST||
DAVIE, Fla., Jan. 2, 2013 /PRNewswire-iReach/ -- As Washington took last minute action to avoid the so-called 'Fiscal Cliff', businesses are changing their outlook for the next year. Avoiding the Cliff means that the Bush Tax Cuts will remain in place for 98% of Americans. The Cliff, an artifice manufactured by Congress to force action on the budget, would have raised taxed and cut federal spending across the board. By putting a deal together at the 11th hour, Congress was able to avert billions of dollars from exiting the economy.
Wall Street reacted to the news immediately, adding nearly 2.4% to the Dow Jones Industrial Average on the first day of trading in 2013. Although how small and medium sized businesses, as well as consumers, will react to the deal still remains dubious, the early indicators are positive.
The prospects for some have improved dramatically since Tuesday, however. Steve Green, Lead Sales Strategist for American Auto Move, believes that 2013 would be an even stronger year than expected after a deal had finally been struck. "The truth is that if people don't have money in their pockets, they can't spend. And if they're not spending, everybody gets burned – especially small and medium sized businesses like ours. Transport is considered by some to be a luxury, so even the perception that taxes are going up, that people are going to have to budget their expenses more, and so on, forces a bit of a pull back on what people are willing to spend with us. But with a deal in place, we know that things aren't going to get any worse, at least from a consumer spending perspective. And now that we know more or less what our tax situation will look like in 2013, we are ready to make the necessary investments to grow."
The automotive industry, which appears to have made a sizable resurgence since the Auto Bailout Deal, is one of the most important sources of business for American Auto Move, and a fiscal deal in Washington means that the outlook for that sector should remain upbeat. "Specifically, we're looking at how the automotive industry is going to perform in light of this deal. Car dealerships are a huge revenue stream for us. If people are buying new cars, the dealerships have more work for us." Mr. Green also suspects that internet sales will continue to grow at fever pitch as consumers will most likely have a sunnier economic outlook in general.
But the deal that averted imminent disaster on Tuesday does little to solve the long term fiscal issues that the country faces. Both parties are digging in for another showdown over the nation's debt limit, and the overall deficit problem has yet to be tackled in earnest. And while these issues still loom large in the mind of decision makers, the immediate relief of actions taken by Congress will suffice for now. "We're not worried about the debt limit debate right now. The way we see it is that if Congress can make it through [the Fiscal Cliff negotiations] without utterly imploding, then we'll most likely be able to do enough dealing to avert disaster."
Many forecasters had seemed to take the idea that Washington would reach a deal as inevitable, but given how close the country came to stepping over the precipice, some are still unsure, but optimistic about the future. "It all boils down to what people are willing to spend," says Mr. Green. "If people are ready to spend a little extra on auto transport, I'm sure consumer spending will be up across the board."
Media Contact: Bobby Russell, American Auto Move, 954-854-0694, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE American Auto Move
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Oct. 26, 2016 07:30 AM EDT Reads: 11,490
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
Oct. 26, 2016 07:30 AM EDT Reads: 2,777
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
Oct. 26, 2016 06:45 AM EDT Reads: 3,384
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...
Oct. 26, 2016 06:15 AM EDT Reads: 2,072
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Oct. 26, 2016 06:00 AM EDT Reads: 1,413
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Oct. 26, 2016 06:00 AM EDT Reads: 1,874
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Oct. 26, 2016 06:00 AM EDT Reads: 2,040
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and microservices. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your conta...
Oct. 26, 2016 06:00 AM EDT Reads: 1,548
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Oct. 26, 2016 05:45 AM EDT Reads: 2,556
SYS-CON Events announced today that Streamlyzer will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Streamlyzer is a powerful analytics for video streaming service that enables video streaming providers to monitor and analyze QoE (Quality-of-Experience) from end-user devices in real time.
Oct. 26, 2016 05:30 AM EDT Reads: 1,041
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Oct. 26, 2016 05:30 AM EDT Reads: 1,020
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Oct. 26, 2016 05:00 AM EDT Reads: 998
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Oct. 26, 2016 05:00 AM EDT Reads: 2,581
Today every business relies on software to drive the innovation necessary for a competitive edge in the Application Economy. This is why collaboration between development and operations, or DevOps, has become IT’s number one priority. Whether you are in Dev or Ops, understanding how to implement a DevOps strategy can deliver faster development cycles, improved software quality, reduced deployment times and overall better experiences for your customers.
Oct. 26, 2016 04:45 AM EDT Reads: 949
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
Oct. 26, 2016 04:30 AM EDT Reads: 1,760