Lesson in Leadership: How to Make a Difference

  Government, Politics and the Economy Obama Supports Bank Fees for Risk and Wealth Surtax for Healthcare President Obama signaled his support for a proposal to impose fees on some of the nation’s largest financial firms to cover losses from risky transactions and avert another market meltdown. He also said that a surtax on the wealthy fits with his ideas on paying for healthcare. Bloomberg.com GOP Financial Services Overhaul Republicans have developed their own version of legislation aimed at overhauling regulations of the financial-services industry. The GOP version relies more on free-market principles than on additional... [Read Full Article]


Merchants May Find Help With Credit Card Costs

  Government, Politics and the Economy Partisan Lines Forming Over Healthcare Reform The top Senate Democrats and President Obama appear aligned in support of a government-run health insurance option, facing off against Senate Republicans who say they refuse to won't back such a measure. WashingtonTimes.com New Bill Could Help Merchants with Credit Card Costs Under a new bill before the House of Representatives, merchants would be able to negotiate with banks to reduce the costs associated with credit card purchases. Reuters.com [Read Full Article]


Small Business and the Stimulus Package

  Government and Economy The Stimulus and Small Business Sales are slow, banks are holding tight and many small businesses are strapped for operating capital. The good news is that both the House and Senate versions of the stimulus bill address this issue, to an extent. The bad news is they can't agree on how to handle it. New TALF Plan Wins SBA Approval Newest Version of the Troubled Asset-Backed Securities Loan Facility (TALF) includes Changes Requested By SBA to Help Unclog Secondary Market for Small Business Loans. [Read Full Article]


White House Pushes Bailout as Senate Republicans Balk

Government and Economy Economy shrinkage Rate is 3.8% in Q4 The economy shrank at a rate of 3.8% at the end of 2008, the worst showing in a quarter-century, the result of consumers and businesses throttling back their spending. Obama: Bailout Will Deal With Executive BonusesThe White House promises that the upcoming financial plan will clamp down on the salaries and bonuses paid to Wall Street executives from companies receiving taxpayer money. Republican Senators: We Will Fight... [Read Full Article]


Obama Pleads for the Automakers, Chances for Passage Slim

Government and Economy Obama Calls for Auto Industry AidPresident-elect Barack Obama is appealing for passage of an auto industry rescue package. Obama: “The government can't just stand by and watch the industry collapse.” Murky Future for Auto RescueProspects for the $14 billion auto industry rescue package dimmed amid strong Republican opposition, despite urgent appeals from Congress, President-elect Barack Obama and the Bush White House. New Unemployment Surges UnexpectedlyNew claims for jobless benefits rose more than expected last week, one... [Read Full Article]