Over the last few months our business has been holding up well, we have seen an uptick in business over the same quarter last year and we have picked up quite a number of new customers. Many of the new customers have known about us for years, but when times were flush they did not need to cut back maintenance costs. But the economic winds have shifted and while many people are busy pointing fingers and assigning blame we are concentrating on helping our customers get through the rough patch. Zerowait is a service business and the longer we keep our customers happy, the better our business will be. Most of our new business is still gained by word of mouth referrals, which means that we must be doing things right by our customers.
As a service business we are concentrating on the long term, and not the unit sales going out the shipping dock’s door. By using our service and support our customers can concentrate on their long term issues, because they know that we will keep their Filers running reliability for them for the foreseeable future.
WASHINGTON (AP) — The economy shrank at a worse-than-expected 6.1 percent pace at the start of this year as sharp cutbacks by businesses and the biggest drop in U.S. exports in 40 years overwhelmed a rebound in consumer spending.
The Commerce Department’s report, released Wednesday, dashed hopes that the recession’s grip on the country loosened in the first quarter. Economists surveyed by Thomson Reuters expected a 5 percent annualized decline.
Instead, the economy ended up performing nearly as bad as it had in the final three months of last year when it logged the worst slide in a quarter-century, contracting at a 6.3 percent pace. Nervous consumers played a prominent role in that dismal showing as they ratcheted back spending in the face of rising unemployment, falling home values and shrinking nest eggs.
April 26 (Bloomberg) — The U.S. economy will continue to contract “for some time to come,” said Lawrence Summers, director of the White House National Economic Council.
“I expect the economy will continue to decline,” with “sharp declines in employment for quite some time this year,” Summers said today on “Fox News Sunday.”