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ASA Home   Membership   Education   Advocacy   Networking   Benchmarking Jul. 19, 2012

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Beaulieu to Provide Industry Forecast at NetworkASA 2012
American Supply Association    Share   Share on FacebookTwitterShare on LinkedinE-mail article
Recently added to the agenda for NetworkASA 2012 is Industry Forecast speaker Alan Beaulieu, one of the country's most informed economists, who will provide attendees with a blueprint of what they can expect from the PHCP and PVF industry over the next several years. During this session, Beaulieu will examine short- and long-term economic forecasts, how they will affect individual businesses, relevant economic indicators that attendees should be watching for and strategies that should be implemented. The 2013 Industry Forecast is being brought to you by Rheem and Ruud. NetworkASA 2012 will be held Oct. 17-20 at the Hilton Orlando Bonnet Creek. More

WANE Wraps-Up Busy Spring for Regional Events
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Wholesalers Association of the North East, the regional affiliate that represents Region 5 of the American Supply Association, held its Executive Leadership Conference at Baltimore's Inner Harbor on June 27-29. This first-time event enjoyed participation from 73 registered attendees representing 46 different companies, including 19 wholesalers, one master distributor, 13 manufacturers, and 13 independent manufacturer representatives. More

Building and Construction Industry Leaders Announce Formation of Coalition
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
More than 27 leading associations representing a wide range of interests in the building and construction industry, including ASA, announced Wednesday the formation of the American High-Performance Buildings Coalition. These organizations have come together to promote and support the development of sustainable building standards, which are based on consensus and scientific performance data. The coalition will provide critical experience and expertise to the development of green building standards, and will support performance-based building codes, standards and rating systems developed in conformance with the American National Standards Institute, the established voice of the U.S. standards and conformity assessment system. ANSI-accredited systems recognize transparency, balance of interests represented and consensus decision-making. More

New Report Sheds Light on Administration's Tax Proposals: What Does it Mean For Small Business?
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A report just released by accounting firm Ernst and Young explores what many opposed to the President's plan have long said: Tax hikes on the wealthy will affect small businesses, particularly those organized as S Corporations or what are known as "pass-through entities." The report, titled Long-Run Macroeconomic Impact of Increasing Tax Rates on High-Income Taxpayers in 2013, was prepared for a number of business groups, including the Chamber of Commerce, the S Corporation Association and the National Federation of Independent Business, all of whom ASA works closely with in Washington. More

June Housing Starts Up 23.6% Over a Year Ago
Modern Distribution Management    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Privately owned housing starts in June were at a seasonally adjusted annual rate of 760,000, 6.9% above May and 23.6% above June 2011, according to the U.S. Census Bureau and the Department of Housing and Urban Development. Single-family housing starts in June were at a rate of 539,000, 4.7% above May. The June rate for units in buildings with five units or more was 213,000. Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 755,000, 3.7% below May and 19.3% above June 2011. More

'Harvesting Connections' Event to Take Place Sept. 19-21
Western Suppliers Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article

This year Western Suppliers Association is celebrating 60 years in the business of promoting goodwill and the best interests among all of its members and their respective companies. Please join WSA in Napa, Calif., to "Harvest the Connections" around you.

US Economy Appears Weaker as Retail Sales Slump
The Associated Press via Industrial Distribution    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The outlook for the U.S. economy appeared dimmer Monday after a report that Americans spent less at retail businesses for a third straight month in June. The report led some economists to downgrade their estimates for economic growth in the April-June quarter. Many now think the economy grew even less than in the first quarter of the year, when it expanded at a sluggish 1.9% annual rate. More

Oil at Seven-Week Peak on Middle East Tensions, Strong Gasoline
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Oil prices rose Wednesday, hitting a seven-week peak as violence in Syria and tensions with Iran reinforced geopolitical fears and U.S. Federal Reserve Chairman Ben Bernanke downplayed the risk of a double-dip recession. Crude futures posted their sixth straight gain with lift from U.S. gasoline futures, which notched the biggest percentage gain in the oil futures complex. Gasoline moved above its 200-day moving average, boosted by the government's inventory report showing gasoline stocks fell last week, against expectations for a rise. More

China's Growth is Slowing, Raising Risks for World Economy
Los Angeles Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
China's economy appears to be weakening more rapidly than official statistics would suggest, raising fears of a painful slowdown that could be felt around the globe. Second-quarter gross domestic product statistics to be released this week are expected to show growth of around 7.5% compared with the same period last year, according to analysts' estimates. That would be the slowest pace since the depths of the global financial crisis. But government data widely are believed to understate the extent of China's woes. More

Copper Cuts Gains After Bernanke Testimony
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Copper cut its gains Tuesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank was prepared to take further action to boost a slowing economy but offered few details. Investors had hoped the central bank would signal it was moving closer to a third round of bond purchases to support the economy. But the Fed chief hewed closely to the message of watchful waiting and gave few new clues. More


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