Monthly Archives: April 2014

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Knock your socks off with Social Security online services
During your working years, you can use my Social Security to view your Social Security Statement to check your earnings record and see estimates of the future retirement, disability and survivor benefits you and your family may receive. If you already …
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Self-employed handle Social Security notification at tax time
The calculator allows you to estimate your Social Security benefit if you have a pension from work not covered by Social Security. For privacy reasons and to protect your records from unauthorized users, this calculator is not linked to your record of …
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10 Charged With Stealing More Than M From Social Security
CHICAGO (STMW) – Ten people in the Chicago area have been charged in separate federal cases with stealing more than $ 1.27 million by receiving fraudulent Social Security benefits. Many of the charged cheated Social Security by using false identities, …
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New York, NY (PRWEB) April 05, 2014

The global recession put the brakes on the Car Rental industry, but rental agencies have slowly shifted gears as travel demand increased. According to IBISWorld Industry Analyst Andy Brennan, Air travelers, the industry’s primary revenue source, were not using industry services due to the economic uncertainty, slow income growth, rising unemployment and tighter corporate travel budgets during the recession. In response, operators cut expenses and searched for revenue streams aside from airports. However, air travel began to recover from 2010 onward, and improvements in domestic trips by Canadian residents have driven the industry. The economy’s recovery has also led to increased consumer confidence, which has translated into greater spending. Also, business expenditure has been spurred by a strong rise in corporate profit, which has increased at an impressive annualized rate of 9.3% per year on average over the past five years. As a result, industry revenue is expected to increase at an annualized 3.0% on average to reach $ 4.1 billion in the five years to 2014, and includes a jump of 1.3% in 2014.

Over the past five years the industry has continued to consolidate, leaving three dominant global brands: Enterprise, Hertz and Avis. Consolidation is evidenced by a decline in the number of industry enterprises, which dropped an annualized 1.0% to 714 operators over the five years to 2014. The industry also experienced acquisitions, with the most notable occurring in 2012 when Hertz obtained Dollar Thrifty in an attempt to gain market share in the price-oriented leisure travel market. However, the Federal Trade Commission made Hertz sell its Advantage brand, which was purchased in 2009, as part of the agreement. Nevertheless, the independent Advantage filed for bankruptcy in 2013 and was sold off to private equity group Catalyst Capital Group in early 2014.

The industry’s recovery is expected to continue over the next five years, as demand is expected to increase due to growing domestic travel rates, bolstered by a recovering Canadian economy. In addition to escalating air travel, growth will be underpinned by rising personal income and generous corporate travel budgets, with corporate profit increasing an annualized 5.0% through 2019, says Brennan. Consequently, the industry revenue is forecast to grow over the five years to 2019.

The Car Rental industry’s concentration has increased during the five years to 2014, which is attributable to merger and acquisition activity by the industry’s major companies. For example, Enterprise Rent-A-Car acquired Vanguard Car Rental (which operated National and Alamo) in mid-2007, and Hertz acquired Advantage Rent a Car in April 2009 (although it later divested the brand) and Dollar Thrifty in 2012.

For more information, visit IBISWorlds Car Rental in Canada industry report page.

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IBISWorld industry Report Key Topics

Operators in the Car Rental industry rent and lease passenger cars without drivers, which are often used for short periods of time. Car rental agencies provide hearses, limousines and passenger cars, including automobiles, minivans and sport-utility vehicles (SUVs). Car rentals typically last a short time, that is to say 30 days or fewer, while leasing agreements are typically longer, or 12 months or more. The industry excludes the rental or leasing of cars with drivers.

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognized as the nations most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.







More Filing Bankruptcy Press Releases

City Council to review get-out-of debt measures
Woman shoots self after Canton police arrive, dies at hospital … City Council to review get-out-of debt measures … AEP hopes to restore power to Canton's south side soon … City Council to review get-out-of debt measures. Massillon City Council …
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How to Get Out of Debt
The best system for getting out of debt has to accomplish two objectives: 1) eliminating all debt while 2) reaching your retirement age with adequate savings. Mathematically, it can be proven that a dentist who focuses on debt elimination between the …
Read more on Dental Economics


Belleville, Ill. (PRWEB) March 04, 2014

Individuals with multiple sclerosis (MS) who cannot continue working may have to endure a lengthy wait if they apply for Social Security Disability Insurance (SSDI), according to Allsup, a nationwide SSDI representation company. In observance of MS Awareness Month in March, Allsup offers insights in the article, “Spotlight on Multiple Sclerosis and SSDI,” in its online community, AllsupPlace. Click here to read the article.

A 2010 government report found that individuals with MS are among those most often denied SSDI benefits at the initial level (47 percent), yet subsequently approved at the appeals level, when they are most likely to have professional representation. The report concluded that SSDI representatives can help individuals shave as much as 500 days from the process.

More than two-thirds of initial SSDI applications are denied. On average, those who appeal their denials wait more than a year to receive a hearing date, as the number of people waiting to attend a hearing grows close to 1 million. More information on the SSDI backlog is available here.

“As the backlog of cases increases, its also becoming more difficult to get an SSDI award,” said Allsup senior representative Ed Swierczek. The SSA reported a 30 percent decline.in benefit approvals from December 2012 to December 2013.

“There is significant value in securing expert help with the initial application,” said Swierczek. “It increases the likelihood of getting approved in a matter of months at the initial level instead of years later on appeal.”

About half of MS patients are denied SSDI benefits at the initial level. Allsup outlines the following next steps for MS patients filing an SSDI appeal:

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BUSINESS IN BRIEF 29/4
However, he warned many difficulties still remain such as low growth of aggregate demand, low credit growth, slow disbursement of construction capital, and a high number of dissolved and bankrupt businesses. … The most important issues facing the …
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Myths & Facts: Student Debt Crisis
AP: "Surging Above $ 1 Trillion, U.S. Student Loan Debt Has Surpassed Credit Card And Auto-Loan Debt." The Associated Press reported in 2012 that student debt "surpassed credit card and auto loan debt," resulting in a "debt explosion." The AP continued:.
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Detroit planning to fix its broken meters
Specifics on new meters haven't been decided but Brown said the new parking meters could allow drivers to pay using a mobile application on a smartphone or tablet in addition to paying with coins or credit cards. … Brown said a portion of that money …
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Retire Early? Make the SMART Choices: Take it Now or Later?

Retire Early?  Make the SMART Choices: Take it Now or Later?

Are You Considering Early Retirement?Do You Know Someone Who Is Considering This Momentous Decision?With Retire Early? Make the SMART Choices, Steven Silbiger, CPA, offers a short guide to the big issues of retirement planning—packed on every page with detailed, step-by-step advice. Choosing when to retire is one of the most important—and overlooked—decisions we will make about our lives. Silbiger, author of The Ten-Day MBA, has written the first guide that untangles the complicated issue

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