Is the Recession Stimulating the Growth of Small Business?

  Government, Politics and the Economy Recession May be Stimulating Increase in Non-Employer Businesses According to the latest Census figures, 2007 saw a million new non-employer businesses in 2007, for a total of 21.7 million, that together had sales of nearly $1 trillion, about 7% of the 2007 US GDP. BusinessWeek.com Senate Plan to Overhaul Healthcare may Advance on $1 Trillion Pricetag According to Senate Finance Committee Chair Max Baucus, the cost of the healthcare reform options before his panel can be cut to $1 trillion, which could remove a major barrier to the bill’s passage. Bloomberg.com... [Read Full Article]


Small Business Taxes Still Up For Grabs

  Government and Economy GOP Continuing Fight With Dems Over Small Business Taxes While there would be only a few small businesses that would see a tax increase under President Obama's budget plan, those companies in line for higher taxes employ the most workers and could be hit hard. ABCNews.com SBA Raises Surety Bond Limits The SBA is raising the guarantee ceiling on contractor surety bonds to $5 million, more than double the previous $2 million ceiling. BizJournals.com Congress Not Consulted About Wagoner Ousting [Read Full Article]


It's Mr. President Now: Barack Obama Takes the Oath of Office and Asks America to Choose Hope

Government and Economy Obama Takes Office, Saying Choose 'Hope Over Fear' Stepping into history, Barack Hussein Obama grasped the reins of power as America's first black president on Tuesday, saying the nation must choose "hope over fear, unity of purpose over conflict and discord" to overcome the worst economic crisis since the Great Depression. Wall Street Falls Amid Increasing Banking Worries The dawn of the Obama presidency could not rouse Wall Street from its worries over the banking industry's mounting problems as investors continued to sell and the major indexes drop... [Read Full Article]