Spend Matters Friday Latte

Porsche vs. Honda = dating vs. marriage for dudes??
Whether It's a Peacock Or a Porsche, Men Like to Show Off, Study Finds -- Peahens often choose their mates by the size of their trains. And so it is with Porsches. They are objects of conspicuous consumption. And reflect similar qualities of the peacock in terms of practicality and functionality. But they do attract the ladies. Those are the findings of a new study – no, not an Internet survey – but a bona fide scientific study carried out by researchers at three respected universities – Rice, University of Texas at San Antonio and the University of Minnesota.

Way to go Chicago.
City building commission overstated money to minority firms by 40 percent -- A city agency that oversees hundreds of millions of dollars of construction projects "grossly overstated" the amount paid out to certified minority contractors in 2009, according to a report issued today by the city's top internal watchdog. The Public Building Commission reported paying $89 million to certified minority-owned businesses two years ago, but a review of actual payments and certifications indicates those payments were overstated by nearly 40 percent, the report concludes.

Green police!
EU accuses UK of breaching green vehicle procurement rules -- The European Commission has given the UK government just two months to comply with procurement rules designed to promote the adoption of green vehicles or risk legal action that could result in multimillion pound fines. The Commission announced yesterday that the UK, along with nine other EU member states, is in breach of a European Directive that requires governments to use their purchasing power to support clean and energy-efficient vehicles.

Yikes.
US Businesses May Not Be Able To Pass Higher Shipping Costs To Consumers -- According to a business logistics study released Wednesday by the Council of Supply Chain Management Professionals, US businesses will likely pay even more this year to hold and move goods than in 2010. Unfortunately, due to the softening of the economy, businesses may not be able to pass these higher rates to consumers. In 2010, total US business logistics costs soared to $1.2 trillion, or jumped 10.4%, due to higher post-recession freight volume, some rate hikes and fuel surcharges.

- Sheena Moore

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