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Chinese New Year Issue
The Rabbit’s a mild creature, but this New Year hardly is. It’s starting out very treacherously with the Middle East crisis, relating to consumers paying more at the pump at $100.00 a barrel for crude oil.  This fuels inflation. “The wabbit’s got rabies ! “  I t sends shivers up our spines, markets gyrate and nerves are racked with fears of derailing the US economic recovery.
 
In spite these problems, the economic figures have been looking good for this last quarter. In my talks , with  US Commerce Secretary Gary Locke and Senior White Economic CounselGinger Lew, we discussed issues that impact the AAPI small business community. As mentioned,actual loans that have been transacted are at $8billion for the AAPI business community, this is quite impressive. The trade missions to China , India and Indonesia have been quite successful. According to Secretary Locke, the small business delegates brought back millions of dollars worth of contracts, that even they did not expect. This reminds me of Asian Enterprise Magazine’s brokered first ever Minority Business Trade Mission to APEC, 1995’-’96,The Asian Pacific Economic Cooperation with 18 head’s of State’s and representative’s from their respective Fortune 500 equivalent companies of participating countries. Our delegates brought back millions of dollars worth of contracts too.
 
On September 16th 2011, we will be honoring US Commerce Secretary Gary Locke, for his outstanding achievements in Public Service. This wonderful event will be at the Beverly Hilton, Beverly Hills, California, at “The Annual 18th National Asian Entrepreneur of the Year Awards and the Announcement of Fortune 500’s Best Companies for Asian American and Pacific Islanders.
 
My take on all these things going on, from the Middle East Crisis, to the Congressional gridlock on Federal budgets over deficits, is that our policy makers  ought to assist entrepreneurial companies in making more money. If we make more money ,we can hire more people which stimulates the US economy. As it is, we’re taxed to the hilt on just about everything. The less jolts we have, the better for business so we can continue to grow out of this recession.
Publisher's Message   
Willy S. Borromeo
Join Us In Celebration of Excellence & Diversity at the Beverly Hilton, Beverly Hills, California on September  16, 2011
The Wabbit’s Got Rabies