The chief executive of Ford Motor Co., Alan Mulally, said recently that the company is planning to add 7,000 jobs in the United States over the next two years.

Mulally, speaking to a small group of reporters in Bangkok, however declined to comment on progress in negotiations on a new labor contract in the United States with the United Auto Workers.

From in.finance.yahoo.com:

Asked if he was worried about a double-dip recession in the Unites States, Mulally said he expected the economy to continue to expand.

He said Ford, the second-largest U.S. car maker, would not be slowing its expansion in Asia, despite slower economic growth in China and India.

Joe Hinrichs, the head of Ford’s operations in Asia, said the company was keeping a close watch on capacity in China but he remained confident in the market there.

Hinrichs added that he expected to see “tremendous” growth in the Indian market.

The Federal Reserve said on Wednesday that it will be shuffling $400 billion of its portfolio in an attempt to drive down long-term interest rates and get the economy going.

However, economists doubt whether it would do much good. The stock market sold off and the Fed itself was unusually divided over the strategy.

From finance.yahoo.com:

Lowering interest rates makes it cheaper for people and companies to borrow money and spend it throughout the economy, which has slowed sharply more than two years after the Great Recession. Consumer spending makes up most of the nation’s economic activity.

But rates are already at historic lows. Americans, still feeling insecure about the future, might not be willing to take on more debt, even at lower rates. Others see no reason to jump into the housing market when prices are still falling. Others can’t get credit.

“Frankly, I don’t see it having any meaningful impact on the economy,” said Bernard Baumohl, chief global economist with the Economic Outlook Group. “What the Fed did today was a distraction.”

“It’s being viewed as perhaps an admission that this is a longer-term issue that the U.S. economy is facing and not one that’s going to be solved over a couple of years,” said Oliver Pursche, president of Gary Goldberg Financial Services.

The BSE benchmark Sensex was pushed up by 148 points in early trade today with fresh buying at FMCG, realty, and banking counters despite mixed global cues.

The activity, however, remained restricted ahead of the release of quarterly GDP numbers later today.

From in.finance.yahoo.com:

The BSE benchmark Sensex resumed higher at 18,266.61 and shot up further to quoted at 18,380.85 at 1015 hours, showing a net gain of 148.79 points, or 0.82 per cent.

The NSE’s 50-share Nifty also firmed up by 50.35 points, or 0.92 per cent, to 5,523.45 at 1015 hours.

Among the major gainers from the Sensex pack, ITC rose by 2.80 per cent, DLF by 2.45 per cent, HDFC Bank by 1.81 per cent, SBI by 1.57 per cent, Wipro by 1.55 per cent and HDFC by 1.50 per cent.

The key benchmark indices edged higher in early trade, tracking mostly higher Asian stocks. The market breadth was strong. Index heavyweight Reliance Industries (RIL) nudged higher. Banking stocks rose for the fourth straight day.

They said, however, participants were cautious and kept their activity restricted ahead of the quarterly GDP numbers to be announced later today.

The key benchmark indices in Hong Kong, Japan, Singapore, South Korea and Taiwan rose while the key indices in Indonesia and China fell.

India still remained a favored destination for international players to invest, according to Union Finance Minister Pranab Mukherjee.

The Union Finance Minister said this while addressing delegates of the Global Advisory Council of People of Indian Origin, a forum of non-resident Indians, in the national capital.

From in.finance.yahoo.com:

Mukherjee said this while addressing delegates of the Global Advisory Council of People of Indian Origin, a forum of non-resident Indians, in the national capital.

“In the first half of the year 2010-11, the Indian economy recorded a GDP growth of 8.9 percent at a time when developed economies are still fragile, and offer limited productive opportunities for investment,” Mukherjee said.

“The vibrancy and the vitality of the Indian economy remains an attractive place for investments and an important source for global growth,” he added.

About 1,500 overseas delegates and several Chief Ministers are attending the three-day conclave that would conclude on Sunday.

Despite the waves of recession hitting almost every economy of the world, India has remained tall and posted record growth to stun the world.

In the times so far, we have seen that economists are born not made. Education doesn’t really make a man with the right management tricks, the innovative ideas but it is just created. The mind is developed in a view to target the business tactics and do something great in the market without even bothering about the risks in the industry. Educating a person in economics just gives an outline to the subject and the rules of the game are clearly defined. It’s the person who with the right bend of mind makes use of the knowledge and develops a strategy to become an economist. There are people like who made news by establishing huge brands such as Apple computers – Steve Jobs and Microsoft’s Bill Gates never completed their studies.

There is huge improvement to be made in schools where economics is just taken as a subject making students disinterested with the large theoretical database. The schools need to evolve with time and so do the teachers who should act economically correct. Today’s market seems to be much above the books and the real economists need their experience to bring out the market from the recession times.

The real marketers are the one who see the future and work ahead with the right element of passion, hard work and play the mind game whenever required. It’s the marketers’ world today which gains the greatest popularity for every firm. To refrain from prank marketing, a consumer needs to choose the real marketer and get the best out of him.

Recession has hit every part of the world and every business of the world was affected to some extent. While things are now in a safe place, the negative vibes of recession are yet to die down completely and this is the reason why every business must try promoting its products and services at the lowest possible costs to reap optimum returns on investments and play it safe.

So if you are running an offline business and wondering about the reason of reducing sales, the reason is obvious but somehow you are unable to see it.

With more than 72 percent of world’s potential customers on the web and looking for product manufacturers and service providers on the web itself, you are putting your business at a dead end by staying offline. It is high time that you take your business online else these reducing sales might get reduced to such an extent that it could be difficult for you to sustain the business operations.

This means that if you, as a business owner, want to run your business for some more or many more years to come, offline marketing is an obsolete thing and the bad fate would continue to hurt you as long as you stay away from the benefits of online presence. Think right, act right by opting for online marketing so that your business can fly those unexplored business lands without any burden on the infrastructure.