ASA Insights
Oct. 13, 2011

Calling All CFOs: Networking Council Event to Be Held Nov. 15 in Chicago
American Supply Association
ASA will be conducting a CFO Networking Council event from 9 a.m. to 3:30 p.m. Tuesday, Nov. 15, at the Doubletree Hotel in downtown Chicago. CFOs are welcome to attend the event not only for networking value, but also to lend their experience to their industry peers and learn at the same time. Topics and issues to be discussed include: annual budgets, financial metrics (both tracking and presentation) and cases of fraud and embezzlement. Please click here for more details.More

ALL IN at NetworkASA 2011
American Supply Association
"Best convention in years," "An efficient and effective mix of great speakers, vendor meetings and peer networking," "Outstanding!" and "Wow! I can't wait for next year in Orlando" are just a few of the comments recently attributed to last month's NetworkASA 2011 at the Bellagio in Las Vegas. The launching of the highly anticipated ASA University and its College of Leadership and College of Sales, a 30 percent attendance growth over last year's event, 468 pre-scheduled Wholesaler and Vendor Conference Appointments and overflow crowds for each speaker were some notable event highlights. Photos from the event are now posted online and can be accessed by clicking here. Mark your calendars now for NetworkASA 2012, to be held Oct. 17-20, 2012, at the Hilton Orlando Bonnet Creek. Watch for more 2012 event information in coming weeks.More

House and Senate Tackle Job Creation In Their Own Ways
American Supply Association
In contrast to the Senate's struggles to have an up or down vote on President Barack Obama's jobs measure, this week the House begins its own jobs agenda through various committees. Their agenda is a mix of pushing back against an onerous regulatory regime that continues to choke businesses, as well as the elimination of a tax on contractors who take orders from government entities. The House Education and Workforce Committee will take the first step to ending the executive branch-imposed "card check," and hold a legislative hearing on the recently introduced Workforce Democracy and Fairness Act.More

3 Percent Withholding Tax Inches Closer to Repeal
American Supply Association
Another encouraging area of movement in the House is the push to repeal the 3 percent withholding tax, a tax which ASA has long opposed. The House Ways and Means Committee is scheduled to mark up this legislation today before sending it to the House floor in the coming weeks. The tax would require withholding at a rate of 3 percent on all government payments for products and services (including purchase orders) made by federal, state and local governments. It also would impose significant administrative costs and information reporting requirements on both governments and businesses.More

Register Now for 2012 University of Industrial Distribution
American Supply Association
Registrations are now being accepted for the 2012 University of Industrial Distribution. Held March 5-8 in Indianapolis, UID is a four-day institute that offers superb concentrated learning and excellent peer-to-peer networking. With distribution-specific seminars covering sales, finance, management, leadership, personnel productivity, and more presented by recognized experts in the field of wholesale distribution, UID has become this industry's most popular training resource. The program provides an excellent opportunity to align the development plans for your management and management candidates with excellent learning opportunities. There is limited enrollment and space fills quickly, so register early!More

China Manufacturing Contracts, Hit by US, Eurozone Woes
The Telegraph
Manufacturing activity in China contracted for the third straight month in September, early data showed, as turbulence in the United States and Europe hurt demand for exports. The HSBC preliminary purchasing managers' index fell to a two-month low of 49.4 in September from a final reading of 49.9 in August, the bank said in a statement. A reading above 50 indicates the sector is expanding, while a reading below 50 suggests contraction. The gauge stood at 49.3 in July, which was the lowest level in 28 months and the first contraction in a year.More

Thefts of Copper Up in Shenandoah Valley
The News Leader
There's gold in them thar hills! And in large spools at local power substations, along area train tracks and even hanging on phone lines. Actually it's copper, and thieves have been busily mining the not-so-precious metal the past few years as its price per pound continues to entice. Copper recently peaked at $3.10 a pound before a precipitous drop, according to Investigator Joey Good of the Augusta County, Va., Sheriff's Office. Not coincidentally, like a Wall Street chart showing gains, reports of stolen copper also were on a steady climb upward.More

Manufacturing May Help Fight Off New Recession
Reuters
Factories grew more quickly in September as production and hiring increased, suggesting that manufacturing would help keep the economy from slipping into a new recession. Other data on Monday offered more good news for the troubled U.S. economy, with strong demand for new motor vehicles putting sales on track to surpass August's rate, and construction spending unexpectedly rebounding in August. "That hardly sounds like an economy flat on its back. The economy is still moving forward. But no one should confuse direction with speed," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pa.More