Government and Economy
A GM Bankruptcy: Disaster in the Making
When it comes to the auto industry, President Obama isn't just ruling on the fate of a single company. A GM bankruptcy could easily devastate the very economy he is attempting to stabilize. BusinessWeek.com
Auto Crisis Hits Minority Dealers Hard
After years of work to bring minorities into the automobile industry, minority car dealers are now expected to be hit hard as GM and Chrysler make cuts in their retail networks. WSJ.com
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Government and Economy
American Business Grapples with Pending Climate Bill
The "American Clean Energy and Security Act," better known as the Waxman-Markey bill, isn't a law yet, but it has become the basis for the debate over how the US should respond to pressure to slash its carbon emissions. WSJ.com
What Qualifies for an Emergency Business Loans?
Not all businesses will be eligible for the SBA's forthcoming loan-relief program. For example, the loans cannot be used to pay down existing SBA loans. Past borrowers, however, will still be eligible for help with other debts. CNNMoney.com
Management and Fi... [Read Full Article]
Government and Economy
Obama: Small Business Key to Economy
In a speech welcoming winners of an SBA award to the White House's East Room, President Obama acknowledged that small business is responsible for half the nation's private sector jobs and so deserves support from Washington. Google.com/AP
Congress Failing American Small Business
While they talk a fine game, when it comes to action on supporting what they, themselves, describe as the “backbone of the economy” our legislators seem happier to play possum. HuffingtonPost.com
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Government and Economy
Emergency SBA Loans to be Available in June
According to the SBA, a new emergency loan program to help struggling-but-viable small businesses will be open for applications in mid-June. CNNMoney.com
Merced County: Desperate for Small Business
With a staggering 22% unemployment rate and ranking Number Two in the nation in foreclosures, Merced County in California is now pinning its economic hopes on small business. BusinessWeek.com
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Government and Economy
Geithner: Economy Stabilizing, Pain Ahead
Treasury Secretary Timothy Geithner said on Monday the U.S. economy was beginning to stabilize, but cautioned that consumers will still feel the pain of the current recession. Reuters.com
Post-Recession America: A Vastly Different EconomyWith the US economy beginning to show some early signs of stabilization, people are wondering what the “new normal” economy is really going to look like? Here are some thoughts. MSNBC.com
Management and Financial Issues
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Government and Economy
Mills: Banks Are Loaning Again
According to SBA chief Karen Gordon Mills, efforts to get money to capital-strapped small businesses are beginning to pay-off, with banks starting to make government-backed loans. WSJ.com
GM Begins Cutting 1,100 Dealers
Facing General Motors, facing a probable bankruptcy filing by June 1, is telling 1,100 U.S. dealers they will be terminated as the automaker starts shrinking its retail network. Bloomberg.com
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Government and Economy
White House: A Bit Loose with Stimulus Success Figures
It is difficult to capture the full effect of the stimulus at this early stage, but with the high bars set for success, the White House seems to be playing fast and loose with the facts in their first report on the effect of the program. Google.com/AP
Will Business Forward Help Small Business?
Business Forward, a Washington-based group soon to be launched by the Democratics, is dedicated to improving the business climate in the US, especially for small business. But the group prefers to remain silent on specific issues and now some are counselling caution about the... [Read Full Article]
Government and Economy
Is Obama Anti-Business?
The weekly assault on business by President Obama is becoming a fixture of this administration, or is it, as some Democrats say, merely an assault on business-as-usual? Yahoo.com/USNews & World
Climate Bill: It's On Its Way
There is a compromise in the works on carbon caps and while it may not garner Republican votes, it could bring skeptical Midwestern and Southern Democrats on board. BusinessWeek.com
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