His telegraph was then, as it is to-day, a business failure
Raised in unrivalled prosperity, we inherit an economy that is still the world's strongest, but is weakened by business failures
, stagnant wages, increasing inequality, and deep divisions among OUR OWN people.
THE business failure
rate on Teesside is among the lowest in the country, according to a report published today.
The BDO report says: "A combination of factors including a weakening world economy, tougher international competition, high oil prices and decline in production are predicted to increase business failure
rates in the manufacturing sector to 1,994 in 2008 from 1,887 in 2007.
Max Firth, managing director of Business Information Services at Experian UK & Ireland said: "With business failure
rates and financial strength fluctuating across different regions and sectors, it is especially important that any organisation extending credit to or relying on other businesses for goods and services is able to understand the level of risk associated with their commercial partners.
Neil Munroe, Equifax's external affairs director, says he's not surprise by the huge annual jump in business failure
rates: "At the beginning of last year we were only just starting to see the impact of the credit crunch and certainly the word 'recession' had not yet been uttered.
Yorkshire was the bestperforming region in the UK - while there were also big falls in business failure
rates for Scotland, the South West, the North East and London.
Deteriorating economic conditions and changing attitudes me an a previous history of business failure
is not automatically a black mark against an entrepreneur obtaining funding for a new business, according to the region's investment specialists.
AS economic turmoil continues to cause soaring levels of business failure
across almost all industries, the region's digital sector could be set to weather the storm.
In this section we report the results of tests investigating the association between the implementation of the Tax Reform Act of 1986 and business failure
It could be that in lighter retail and leisure businesses there are more females at the top and the business failure
rate in these sectors is higher.
Irving Grousbeck, a consulting professor of management at Stanford University Business School, explains it another way: "Blaming lack of capital for business failure
is like saying a lot of people die of old age, when in most cases, people die of some disease.