Government and Economy
Small Business Optimism Falls
Small business optimism fell another 1.5 points to 82.6 in February, according to the National Federation of Independent Business's Small Business Optimism Index. This the second lowest rating in the 35-year history of the survey. Forbes.com
Treasury Promises Spur to Small Business
In a closed-door meeting with House Democrats, Treasury Secretary Geithner said Obama officials are working on plans to boost liquidity for small businesses as part of the administration's broadening efforts to spur lending and arrest the pace of job losses WSJ.com
Management and Financial Issues [Read Full Article]
Government and Economy
SBA Applauds Treasury Action to Bolster Secondary Market for Small Business Loans
A plan by the Treasury and the Federal Reserve to improve market conditions for asset-backed securities – including those composed of SBA-backed small business loans – should be welcome news to credit-hungry small businesses across the country, said U.S. Small Business Administration Acting Administrator Sandy K. Baruah.
Holiday Sales Season: One of the Weakest in Years Increased retail shopping over Thanksgiving will not be enough to keep this from going on record as one of the weakest sales seasons in recent years.
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We expect a fair degree of corruption, arrogance and drooling self-interest from our elected officials. After all, in the last 206 years, we have fallen a great distance from the days of the “virtuous republic” that existed—or was thought to exist—in that first decade after the Revolution. Yes, we expect it, but I would have more respect for the operatives, the party-men and the politicos themselves if they could be just a little intelligent about it. The current issue with the Bush Administration, Congress, the SBA and the awarding of a great deal of money earmarked for small business, is a case in point.
When Big Business Seems Small
It is illegal, a felony that comes with fines and a prison term, to try to pass your big business off as a small business to get one of the 23% of Federal contracts reserved for small businesses. Yet, it happens all the time. According to the American Small Business League, a non-partisan watchdog group, some $... [Read Full Article]