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US consumer spending grows but experts warn of precarious outlook is CNNs weekend Market-Watch Headline Another from ABC News is Experts Express Concerns about Continuing Fragility in Economys Key Elements Finally the CBS Evening News Headlines included The worst may be overor is it Without doubt the past year has been truly rattling and unnerving from an economic standpoint as well as others Several corporations have dissolved with CEOs accused of being deceitful while others have succeeded Some have lost so much in failed bonds stocks and securities while others have found comfort in venture capitalist funds and other areas Business organizations have found that an increasing amount of support innovation integrity and reform are needed for success and if these components of new business are not present then almost certain financial failure is unavoidable This new paradigm is supported by examining failed and bankrupt companies organizations that are being affected by the arduous economy changes to business structure combined with innovative thought mergers and outside help given to companies and the concepts governing new economics and new business Failed and bankrupt companies can reveal the scope of the new economic paradigm A little over a month ago WorldCom Inc a renowned telecommunication provider worldwide filed for Chp 11 bankruptcy protection a result of an economic downtown which depleted the companys profits This was a clear reflection of the downfall of the decades recent economic success An SEC investigation has begun trying to decipher some records regarding faulty accounting specifically low expense reporting that would in turn increase earnings The companys high-ranking officials are under fire from government officials many accused of obstruction of justice and criminal wrongdoings this all as the company is desperately trying to avoid bankruptcy This case has promoted widespread calls for more government intervention in business
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