Spend Matters Afternoon Coffee

Cuts cuts cuts.
Euro-Zone Growth Hit by Spending Cuts -- The sharp slowdown in the euro-zone economy during the second quarter was due to a combination of government spending cuts and a drop in consumer spending, raising doubts about the wisdom of pushing ahead with austerity programs and further increases in the European Central Bank's key interest rate. The European Union's official statistics agency Eurostat on Tuesday said the combined gross domestic product of the euro zone's 17 members grew 0.2% from the first quarter, and rose 1.6% from the second quarter of 2010.

Hopefully this one is legit.
Apple to open first store in Hong Kong to boost sales -- Apple is planning to open its first store in Hong Kong as it seeks to capture a greater share of the booming Asian market. The store comes as Apple's outlets in Beijing and Shanghai continue to be among the best performing ones across the globe. According to Apple, its sales in the Asia-Pacific region surged 247% to $6.3bn (£3.9bn) in the third quarter.

"A light bulb went off and they realize that health care is a business."
Adjusting, More M.D.'s Add M.B.A. -- Under heavy pressure from government regulators and insurance companies, more and more physicians across the country are learning to think like entrepreneurs. As recently as the late 1990s, there were only five or six joint M.D./M.B.A degree programs at the nation's universities, said Dr. Maria Y. Chandler, a pediatrician with an M.B.A. who is an associate clinical professor in the medical and business schools at the University of California, Irvine. "Now there are 65," she said.

People are pissed about public procurement.
Public tendering complaints soar -- The number of disputes between companies and central government over the way contracts are put out to tender has more than quintupled in three years, according to data provided under Freedom of Information legislation. Seventy-three complaints were made to the government about public sector procurement last year – up from 47 a year ago, figures compiled by the law firm McGrigors show. That compares with only 14 in 2007-08.

Sheena Moore

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