Some feel we're on the road to recovery, others shout doom. What objective criteria can we use to assess the economy. How Fragile Is The U.S. Economy Right Now? Concern over the state of the U.S. economy has reached a fever pitch. Political pundits tussle over whether the end of the U.S. as the global economic engine has arrived. Opportunists are peddling “doomsday” kits so your family will survive the inevitable downfall of society. Conspiracy theorists are having a field day misinterpreting … [Read more...]
Is Gold The Currency Of The Future?
Both the dollar and the euro are losing their strength. What does this mean for the future of currency? Gold The Currency Of The Future? As actors in the world’s largest economy, business owners need to reflect on the important role that trust plays in our daily activities. Every transaction requires that a certain level of trust be placed on others with whom we have little or no direct connection. Simply refilling a prescription at a pharmacy requires you to trust with your life the source of … [Read more...]
How Brian Moynihan Is Transforming Bank Of America
What exactly is going on at Bank of America and what does this mean for your company? Brian Moynihan, CEO of Bank of America, has one of the most stressful jobs in the country today. With the entire world watching and waiting for disaster to strike, he is attempting to transform (in record time) an organization with 280,000 employees, over 55 million customers and revenues in excess of $134 billion. There are varying opinions regarding the decisions he is making, but few people argue that … [Read more...]
How To Start Planning For The Section 3091 Provision
Do you know how Section 3091 of the Housing and Economic Recovery Act of 2008 will affect you? Over the past three years, there have been numerous proposed laws enacted that have a material impact on how you run your business. Because there has been so much legislation, it’s easy to lose track of what’s changing, what stays the same and what you need to do. The Housing and Economic Recovery Act of 2008 had far reaching implications for the country. One provision which I mentioned last year is … [Read more...]
Breaking Down President Obama’s American Jobs Act
President Obama presented the American Jobs Act in his address last night. Here's what it means for small businesses. Last night, President Barack Obama presented his long anticipated plan for creating jobs: the American Jobs Act. The plan calls for a combination of tax incentives and spending that are intended to motivate companies to hire people and raise salaries while also providing economic support to unemployed people. The price tag: nearly $450 billion. Small businesses are a central … [Read more...]
IRS Makes It Cheaper To Pay Late
Every once in a while, we receive some good news from the IRS. Here's the latest. Every once in a while, we receive some good news from the IRS. Today is one of those days! The IRS recently announced changes to the interest rates used to calculate underpayments and overpayments on income tax payments sent to the agency. The bottom line is that underpayments will accrue interest charges at significantly lower rates than before. The new changes go into effect on Oct. 1, 2011. When the IRS … [Read more...]
Millionaires Hooked On Facebook – Start Selling To Them Now!
The number of affluent consumers on Facebook is increasing rapidly. Here's how to take advantage. According to the latest official statistics published by Facebook, the social networking website has over 750 million active users around the world. Fifty percent of its active user base is logged into Facebook on any given day. If your company has tried to use Facebook as a marketing channel to reach average consumers, odds are the results haven’t been as expected. Using Facebook as a marketing … [Read more...]
Should You Start Pricing In Foreign Currencies?
With the US dollar taking a prolonged beating, the question arises: should we start pricing in foreign currencies? The U.S. dollar has taken a beating lately. Since July, it has fallen significantly in value against the Yen, Euro, Pound, Canadian Dollar and Gold among other currencies and commodities. This downward trend may be accelerating, but it isn’t something new. Back in August 2000, a single U.S. dollar could be exchanged for 108 Yen, 1.1 Euros, 0.67 Pounds 1.47 Canadian Dollars or .0036 … [Read more...]
What’s Happening To Hewlett Packard?
Why has Hewlett Packard lost half its stock value in recent months? Here are the business lessons to take away. Hewlett Packard is a legendary company. Founded with $538 in 1939 by Bill Hewlett and David Packard in the proverbial Palo Alto garage, HP has grown into one of the largest companies in the world. They currently employ over 324,000 people and generated over $126 billion in revenues last year. Additionally, HP generates nearly $1 billion per month in operating income. Despite their … [Read more...]
Business Theft May Be On The Rise – Protect Yourself
Protect Yourself: There are several proven strategies to stay safe and prepare for criminal activity. According to recent research released by the National Crime Survey (NCS) and the Federal Bureau of Investigation (FBI), crime statistics have improved in the U.S. over the past several years. The NCS is conducted by the Office of Justice Programs at the Justice Department. It surveys individuals directly to capture data on crime that isn’t reported to the police. The FBI compiles data from … [Read more...]
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