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December 11, 2012
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Daily news for the equipment finance sector

  Industry News 
  • Dreamliner hits stride, then stumbles again
    Problems have cropped up recently for Boeing's 787. An electric generator failed during one flight, requiring the plane to divert to a nearby airport. The Federal Aviation Administration has ordered an inspection of fuel-line connectors on all 787s. There is also a question of whether the cost of building the aircraft is dropping fast enough. Airlines that have the 787, however, are pleased with its performance. The New York Times (tiered subscription model) (12/10) LinkedInFacebookTwitterEmail this Story
  • Chinese bank lending falls short of forecasts
    Yuan-denominated loan origination last month in China fell short of economists' expectations. The People's Bank of China says banks issued $84 billion in loans. Economists surveyed by Bloomberg News had expected $88 billion. Bloomberg (12/11), Reuters (12/11) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • "Fiscal cliff" is already affecting construction jobs
    In November, the construction industry shed 20,000 jobs and its unemployment rate reached 12.2%, according to an analysis by the Associated General Contractors of America. Such data might indicate threat posed by the "fiscal cliff," which has contractors laying off workers and reducing hiring. "As disappointing as these numbers are, they will only get worse if Congress and the White House allow huge tax increases and spending cuts to occur," AGC Chief Economist Ken Simonson said. American City Business Journals/Albuquerque, N.M./Morning Edition blog (12/10) LinkedInFacebookTwitterEmail this Story
  • U.K. and U.S. growth is picking up, OECD says
    Economic expansion is accelerating in the U.K. and the U.S., and growth might pick up in Italy and China, according to the Organization for Economic Cooperation and Development. The OECD expects weak growth in Germany, France and the broader eurozone, as well as Canada, Japan and Russia. Reuters (12/10) LinkedInFacebookTwitterEmail this Story
  • Long, tricky transition to consumer-driven economy is seen for China
    China's transition to a consumer-driven economy is no small task, likely requiring many years and the overcoming of many obstacles along the way, the Conference Board predicts. "The state-led, investment-driven growth model that has been driving growth for the last 30 years, closely related to exports, needs to diminish. The investment model relies on consumer savings, household savings and investment in real estate to survive. So you have this difficult shift where the investment model needs to be de-emphasized without slowing the economy too much and at the same time consumption drivers need to be enhanced," said the board's China expert, David Hoffman. The Business Times (Singapore) (12/10) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Watchdog: Auditors' tests of internal controls are inadequate
    The Public Company Accounting Oversight Board said it discovered that Big Four and second-tier audit firms are failing to adequately test companies' internal financial controls in some audits. The U.S. government's audit watchdog said it found the problem more often in 2011 than in 2010. Reuters (12/10) LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • What's hot and what's not in equipment leasing and finance?
    Find out at the ELFA Equipment Management Conference & Exhibition, scheduled Feb. 24 to 26 at the Grand Hyatt Tampa Bay in Tampa, Fla. Nearly 300 equipment managers, appraisers and remarketers will hear the latest on trends in equipment value from industry veteran Carl Chrappa, president of Independent Equipment. Chrappa will provide insight into equipment markets, emphasizing regulation, legislation, technology, valuation issues and various existing and future residual challenges and opportunities.

    See the agenda and register.
    Make a hotel reservation by Feb. 1. LinkedInFacebookTwitterEmail this Story
  • Access customer-education resources for your sales staff
    ELFA has launched a website, Equipment Finance Advantage, to educate businesses about the benefits of equipment leasing and finance. The site is a one-stop resource to help existing and potential end users of equipment financing make the best decisions. We encourage you and your customers to visit the site. Don't have time to read all of the articles, tip sheets and success stories? Visit the Videos section for expert insight on topics including maximizing cash flow, staying ahead of the curve and end-of-lease factors to consider. LinkedInFacebookTwitterEmail this Story
Learn more about ELFA ->ELFA Home | Events and Training | Research | Store | Twitter | Facebook

Get the Equipment Finance Advantage!
ELFA's new website for end-users, www.EquipmentFinanceAdvantage.org, is a one-stop resource to help current and potential end-users of equipment financing make the best possible decisions. Visit the site today to access resources to help your customers learn all the benefits of equipment finance.

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  SmartQuote 
Put a grain of boldness into everything you do."
--Baltasar Gracián,
Spanish writer


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