Has the US Become the New Russia?

  Government and Economy Has the US Become the New Russia? In the May issue of the Atlantic Monthly, Simon Johnson, former chief economist at the IMF and a professor at the Sloan School of Management at MIT compares the “financial oligarchy” running US policy with the business elites in emerging countries. FT.com SBA Lending Assistance Stalling T he parts of the federal government's stimulus program aimed at small-business owners aren't working as they should, say local owners and small-business experts who are trying to figure out what to do about the problem. Management and Fina... [Read Full Article]


Is a Payroll Tax Holiday the Answer?

Government and Economy Would a Payroll Tax Holiday Boost Employment and Spending? Taking a six-month holiday from the federal government's 6.2% payroll tax would reduce labor costs to small businesses and help prevent layoffs, says a major small business organization in a recent pitch to Congress. Consumer Price Drop Greater Than ExpectedA record plunge in consumer prices in November puts pressure on the Federal Reserve to act decisively to guard against a debilitating bout of deflation. Probe: Small Business Funds Squandered... [Read Full Article]