small business

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Reid Promises Vote on Jobs Bill Next Week

But so far, not one Republican senator is on board

(Newser) - Harry Reid plans to bring the first of several Democratic bills aimed at creating jobs to the Senate floor on Monday, with the goal of passing the measure by the end of next week. “For Senate Democrats, creating jobs is job number one,” the majority leader said. “...

Obama Budget Winners and Losers

Education, R&D are up, oil and gas companies down

(Newser) - The 2011 fiscal budget says much about the state of the country—and the state of the president. "Like any politician, he’s focused on rewarding friends and not enemies," write Eamon Javers and James Hohmann for Politico . A look at this year's winners and losers: Winners
  • Education:
...

Obama's Suddenly a Centrist
 Obama's Suddenly a Centrist 
Peggy Noonan
Dec 11, 2009 8:34 AM CST

Obama's Suddenly a Centrist

Shifting president must be worried about independents

(Newser) - President Obama must be worried about independents and moderates, because he’s made a dramatic shift to the center in recent days. In an economics speech Tuesday, Obama lavished praise on small businesses, promising tax cuts as incentives to grow. “This is how Republicans, moderates and centrists think, and...

Twitter Creator Unveils Phone Credit Card Reader

Dubbed 'Square,' the device will be free

(Newser) - Twitter co-founder Jack Dorsey gave the public its first look at “Square” today, a free credit card reader that will plug into the headphone jack on your phone. Small business owners will be able to plug the 1-inch device into their phone, swipe their customer’s cards, and have...

Goldman Pumps $500M Into Small Businesses

Blankfein apologizes— but not for the $16B payout to employees

(Newser) - In a move that definitely has nothing to do with spiraling public hostility, Goldman Sachs has announced a $500 million small-business assistance program. Headed by an advisory panel that includes Warren Buffett and Lloyd Blankfein (he who works for God ), the so-called “10,000 Small Businesses” program will...

Swine Flu Highlights Debate Over Paid Sick Leave

Half of US doesn't get sick pay; businesses defend policy

(Newser) - The second coming of swine flu has reignited the debate over paid sick leave. “You have all of our top officials saying, ‘Do the responsible thing. If you're sick, stay home,’” an advocate tells CNNMoney. “And at the same time, we have a country where...

Obama: Health Bill Will Help Small Businesses

(Newser) - President Obama sought to win over small-business owners in his push for health care reform today, Politico reports. The president, whose planned overhaul has come under fire from the US Chamber of Commerce and other business organizations, cited a White House study showing that small businesses pay much more per...

Bailouts May Be Offered to Small Businesses

TARP funds, meant to save banks, could be used to save jobs

(Newser) - The Obama administration is working on a plan that would take money from the TARP—the $700 billion fund intended to rescue banks—and lend it to small businesses, the Washington Post reports. The money would come with few restrictions, and the government would pick up as much as 90%...

No Recovery In Sight for Small Business

(Newser) - Wall Street and Washington financial gurus may be seeing “green shoots” of economic recovery, but small businesses are still stuck in the mud, Kevin Kelly writes in Newsweek. Kelly, the CEO of a bag manufacturing company, says too many colleagues' businesses are losing sales, laying off workers, or shutting...

In Dog Times, Peddling Franks Gets Hot

White-collar workers open 'recession-proof' businesses

(Newser) - A frank look at the economy is driving white-collar workers to open small businesses they call “recession-proof”—hot dog carts. Long limited to big cities, stands are turning up even in tiny towns, and are often run by professionals who haven’t quit their day jobs, the Wall ...

Some Spending Hard to Trim in 'Guilt Economy'

Many shell out to ensure favorite businesses survive

(Newser) - Charitable contributions are down in a tough economy—but that may not mean people are feeling less philanthropic. Feeling too guilty to let the masseuse go under or a favorite shop die, many who can afford it are spending in an effort to help those around them, the Wall Street ...

Obama to Reach Out to Small Business
Obama to Reach Out to Small Business
Mar 15, 2009 12:33 PM CDT

Obama to Reach Out to Small Business

Prez to unveil a $730M effort after GOP backlash on spending

(Newser) - Amid misgivings over his spending blueprint, President Barack Obama will provide billions of dollars in federal lending aid aimed at struggling small business owners, the AP reports. The package, to be announced tomorrow, includes $730 million from the stimulus plan that will immediately reduce small-business lending fees and increase the...

In Barren Job Market, to Get a Job, Create One

Recession becomes the mother of invention for would-be businesspeople

(Newser) - New businesses are sprouting up across America as unemployed people running out of time and money decide that the only way to get a job is to create one, the New York Times reports. Economists say now is the time in the downturn cycle when "forced entrepreneurship" starts,...

10 Best Cities for Small Business
 10 Best Cities 
 for Small Business 
GLOSSIES
Feb 8, 2009 10:59 AM CST

10 Best Cities for Small Business

(Newser) - Despite tough economic times, an analysis of the country’s 100 largest metropolitan areas offers hope for those looking to launch a small business. Portfolio and BizJournals list the cities that are most conducive:
  1. Raleigh, NC: The only market to rank among the top 10 in many key categories—growth,
...

Laid-Off? Be Your Own Boss

Interest in small business is booming as unemployment rises

(Newser) - The pink slips are flowing, but that’s not halting thousands from using severance packages and savings to found their own businesses, the Christian Science Monitor reports. The new gigs often bear little resemblance to past ones—one Wall Street exec now walks dogs—and differ from the economy at...

Japan Throws $16.7B Lifeline
 Japan Throws $16.7B Lifeline 
Jan 27, 2009 7:03 AM CST

Japan Throws $16.7B Lifeline

The bailout aims to help smaller business outside of banking or corporate sectors

(Newser) - Following in the footsteps of America and Europe, Japan is offering $16.7 billion to companies threatened by the financial crisis, moving outside the banking sector to take equity stakes in smaller companies that otherwise can't find financing, the Financial Times reports. The 1.5 trillion yen package aims to...

Obama Wants to Revive 'Death Tax'
Obama Wants
to Revive
'Death Tax'
Jan 12, 2009 10:52 AM CST

Obama Wants to Revive 'Death Tax'

Estate levy set to expire in 2010; Dems want richest 2% to pay up

(Newser) - With the estate tax—a levy on inheritances dubbed the “death tax” by opponents—set to expire in 2010 as a last gasp of President Bush’s 2001 tax cuts, Barack Obama and fellow Democrats are looking to keep America’s richest paying up, the Wall Street Journal reports....

Debate Puts Spotlight on 'Joe the Plumber'

McCain mentions make Ohio man America's most famous plumber

(Newser) - Joe Wurzelbacher found it "pretty surreal" to become the focus of last night's presidential debate, the Ohio plumber tells the AP. "Joe the Plumber" was mentioned more than 20 times in the debate—more than Iraq or the economy—as John McCain and Barack Obama sparred...

Federal Cash Is Not Welcome at Small Banks

But US will pressure some to accept it anyway

(Newser) - The government’s plan to buy $250 billion worth of bank investments was greeted with cheers on Wall Street and in Congress, but with jeers by many bankers, the Washington Post reports. “We don't need a bailout,” said one indignant small-bank chief, “and if other banks had...

Small Businesses Feel Credit Crunch Trickle Down

High rates, worry about economy keep many from expanding

(Newser) - Small businesses, which employ 40% of the workforce and account for half the nation’s output, are starting to be squeezed by the credit crisis, reports the New York Times. Many find themselves denied credit, offered loans at exorbitant rates, or too worried about the economy to borrow. “Small...

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