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Spending Cuts By U.S. Defense Dept. To Hit Travel Industry in Big Way

2013-09-06 14:44:13| Airlines - Topix.net

With all government agencies and contractors saying they are cutting back travel by 10-20 percent and making the stark choice between cutting back or furloughs for employees, it won't be a pretty fall season for the airline and hotel industry.

Tags: way big travel industry

Gartner cuts worldwide IT spending forecast

2013-07-02 12:14:00| Telecompaper Headlines

(Telecompaper) Worldwide IT spending is projected to total USD 3.7 trillion this year, a 2 percent increase from 2012 spending of USD 3.6 trillion, according to a study by Gartner. Last quarter, the researcher's forecast for IT spending growth in US dollars was 4.1 percent. The 2.1 percentage point reduction mainly reflects the impact of recent fluctuations in US dollar exchange rates; growth in constant currency is forecast at 3.5 percent for this year, down only slightly from last quarter. The forecast for spending on devices has been revised down from 7.9 percent growth in Gartner's previous forecast to 2.8 percent. The decline in PC sales recorded in the first quarter continued into the second quarter with little recovery expected during the second half of this year.

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Spending review: environment suffers worst cuts once again

2013-06-26 16:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Environment secretary Owen Paterson had, I'm told, battled hard in the fight over which departments' budgets would fare the worst in Wednesday's spending review. He failed. One insider told me: "Paterson was lucky to escape with a department at all." George Osborne inflicted the highest level of budget cuts 10% - on the Department for Environment, Food and Rural Affairs (Defra), alongside a few other unfortunates just as he did in the 2010 spending review. The casualties will be flood defences...

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