According to The Economist's report on aging, one in three Americans will be over 60 in the next 11 years. The impact of this number of older people on public spending will be unprecedented.
I have talked to hundreds of Hispanic business owners and Hispanic chambers of commerce across the country that want nothing to do with the USHCC.
As details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.
The lack of clear ethical rules and the frontier justice mentality in Iceland continues to cause confusion and raise questions about the legal profession's ability to regulate itself in Iceland.
Children are staying home and hanging out with their parents instead of attending summer camp. And guess what, we might end up happier for it all.
As soon as anyone calls for tight controls on Wall Street, pundits and politicians rush to the defense of "financial innovation."
Government must step in to remedy the failure of the market. This is, of course, the great lesson that Keynes imparted.
The Green Shoots supporters accuse the Brown Weeds advocates of using charts that are too long and miss recent movements. So I've decided to dig up my own charts, looking at the last month or two.
With the start of Haute Couture Week in Paris, luxury is on the ropes. Christian Lacroix is going under. Meanwhile, Prada and Armani are offering their brands to cell phone and car makers.
The president has been telling Americans that a public plan will create competition, lower the cost of private insurance, and improve care. The data from San Francisco is proving that he's right.
Larry Summers, Timothy Geithner and Ben Bernanke may go down in history as the three horsemen of the global financial and economic apocalypse
As the recession continues and perhaps even deepens, it is difficult not to wonder about the next cycle. It appears that the economy will continue to ...
The world at large was being told something which was plainly not true. The real innovators were ignored, the faked ones were glorified.
All this talk about a second stimulus package is fundamentally besides the point. What we need is a comprehensive policy package that is very simply focused on one thing and one thing only: jobs.
Gloom and doom is the way of blogs lately. Nothing is good; everything is bad. Unfortunately, lost in this translation is a set of monthly trends that shows the worst is over.
The world's eighth largest economy is not going quietly into that pit of debt and devastation that has devoured Third World countries whole.
The dismal unemployment report released last week inspired renewed interest in a second economic stimulus, and economists, from Krugman to Feldstein, have led the charge for another injection.
It astonishes me to see how quickly this country has embraced a socialist mentality and how readily it has accepted the belief that the source of our problems was an unfettered free market.
Vague talk about future innovations, a post-industrial society, or an explosion of services exports is not the stuff on which to bet the prosperity of a nation.
The economy has absolutely not been "measurably worse than anyone expected." It has been pretty much following exactly the course that some of us predicted.
In order to confuse those who from time to time come across something that I write, I have decided to deal in one article with some of the "transgress...
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Tough economic times call for tough business leaders, large and small, to make the tough decisions that will allow their businesses to prosper. Those tough decisions do not include running to the government pleading for a handout. As the owner of three small businesses, engineering, manufacturing, and oil & gas production, I will submit these are indeed difficult economic times. My businesses are not immune to adversity, but they have proven to be resilient. Business owners must understand, when business is down you must be innovative, creative, and daring. We must draw on our experience and develop new ideas, new technologies, and new products, and provide additional services for our customers and for the market place if we are to survive and prosper. We cannot blame our competition for unfair trade practices, we must challenge them and provide superior products at a competitive price. This is the time for entrepreneurs to re-invent their businesses, to be bold with a re-kindled can-do spirit that allowed for us to go into business in the first place. To accept government bailouts is to permit the government to tell you how to run your businesses, and that my friends is a sure recipe for failure. No thank you Mr. President, I will not only save my businesses, I will grow them with boldness, ingenuity, and determination. I will do it as I always have, on my own dime.
its too late for my very small business, but I hope it helps others and gets this messed up economy back on track. GObama.
Why not just issue convert the $US to the Chinese Yuan and be done with it. Another stimulus package, what a joke.
OH please - first this article says these are "early" discussions. Don't hold your breath. But frankly, that would be better than subjecting a flotilla of small businesses to the ineptitude of the SBA 7(a) program. Their loans might be ready by 2013. And a 90% guarantee - it is already 85%!!! If banks aren't lending based that, do you think upping it 5% will make a difference???? The problem for small business, especially truly small ones, like 1 - 20 employees (SBA's definition of "small business" is up to 500 employees in manufacturing, $7mil in receipts other industries) is that they have LACK OF COLLATERAL and/or damaged credit reports from the LOCs that have been reduced on their small biz cards, killing their utilization. The whole credit system was not set up for our present freefall, and the SBA is not set up to aid MODERN businesses, in which intellectual property propels innovation. The SBA was built for a manufacturing economy, which we are not. Any program administered through SBA will FAIL in creating the kinds of jobs Americans need, unless we are to become a nation of serfs working at sub shops. Because a franchise run by a non-college graduate has fifteen times a better chance at getting a SBA loan than a software company. Look into it. The problem isn't government guarantee, its lack of collateral, and banks don't take IP as collateral. Google, any biotech, the list goes on could NEVER have gotten an SBA loan.
Obama supporter says: How about a bailout for us salaried workers who work at big companies? Or better yet, how about some bailout money for unemployed workers who use to work at big companies? Where does it end? Oh, and let's cap the income of all the small business owners, and take away all their bogus tax dedcutions. You know, the company cars for every member of the family and the compamy boat and the vice presidency for your daughter who lives 1000 miles away.
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