Table of Contents

• COMMITTEE REPORTS
  • MEMBERSHIP REPORT
  • SOCIAL REPORT
  • SPEAKER COORDINATOR REPORT
  • TREASURER REPORT
• LEADS
• NOTABLE MENTIONS
• QUESTION OF THE DAY
• MAIN SPEAKER

Committee Reports

Membership Report
(Click here to go to the Membership page)

None.

Social Report
(Click here to go to the Social Event page)

The Holiday Party will be at the Landmark Restaurant on Tuesday, December 4th at 6:30pm.  It will be a sit down dinner with choices of prime rib, salmon or chicken.  There will be a cash bar.  We are bringing back the white elephant gift exchange.  Signup sheet went around today - Please make note of your menu choice.  Cutoff to signup/cancel is a week before.

We talked about a trip to mid-coast California in March (maybe 7th-10th).  Carole is looking into discounted fares.  We would like to know who is interested so we can start crunching the numbers.

If you interested in signing up for either event, please use the signup sheet at the front table.

Speaker Coordinator Report
(Click here to go to the Speaker Schedule)

11/09 - Greg Stewart

Treasurer Report

We still have a few members that have not paid their 4th quarter dues.  Please contact Melissa if you need another copy of your invoice.

Leads Report

21-34, 22-53, 20-04, 20-19, 20-23, 06-46, 03-23.

Notable Mentions

None.

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• Phyllis Prater - Prices are going up.  Predictions are scary.  It might actually be good for me because I am reasonable.  I would hate to own a store right now.  You have to be creative and think of new ways. 
   
• Dave Crissman - I was curious about this so I did a route recently.  Customers don't seem to be bothered.  The customers that moved far out are affected.  They over extended themselves and can't afford the gas.  Overall consumerism in Arizona is probably strong.  The news causes people to be more cautious.
   
• Bob Bush - Groceries have gone up drastically in the past 3 years.
   
• Mark Dreher - Some reports focusing on the East Valley economy....The short term forecast is not positive at all.  Sales tax is down.  Immigration is flat.  Migration from California is down.  But Phoenix is has the best potential for growth because we have five main industries.  But we do need to control pollution if we want to keep tourism.  We are only getting about 1% of the venture capital funding in the United States.  We have great potential but need nurturing.
   
• Nick Mawrenko - My feeling is that everybody in here can better predict the future than the economists.
   
• Jim Bache - Economists can do a lot with numbers but they can't predict the future.   The fact is the Federal Reserve lowered interest rates twice because they foresee a slowing economy.  They want to stimulate the flow of money.  We see speculators driving up the price of oil.  I have been inflation in food prices.  We have the two pressures right now.  It doesn't bode well in the short term.  Prices going up and people feeling strapped at the same time. 
   
• Greg Stewart - I have yet to see any one positive report about Christmas spending this year.  They are predicting that people won't spend as much.  People hear these reports and decide to cut back.
   
• Don Ellis - I am seeing it where I am at.  With food prices and even hair cuts.  After 9-11 everything tanked and we lost some employees.  Those that stayed picked up the slack.  It is better off to let a high priced manager go.  You may struggle a little but you will save money.
   
• Mike Whalen - I get a good indication by the spending habits of my larger clients.  When Intel and Motorola slow down their spending the smaller companies feel the pinch.  Intel is still spending.
   
• Joe Zingale - This reminds me of when I worked in the garbage business.  I didn't want to lay off people.  I cut the hours back instead.  There were still complaints.
   
• Andy Jensen - The fed to me is a good early indicator of what is going on.  What they did recently will do nothing more than help the economy for six months out.  But if you see them lower interest rates month after month then their is reason to be concerned.  They could cut rates another full point and a quarter before I will get concerned.  Unfortunately, Americans borrow tons of money.
   
• Steve Chilton - It is a worldwide problem.  The dollar is slipping.  There is a ripple affect.