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Click here to visit the new home of Politics Daily!Want to succeed in business and real estate development? Eat a koala. That's the message promoted by an angry Australian businessman who contends that local government is more interested in protecting cute marsupials than "saving" business. Queensland local Graham Parker has designed and distributed car stickers encouraging Australians to "Save the Redlands ... Eat a Koala," making reference to his area's wild koala population and struggling businesses. "The stickers I have been making are a protest against the council's single focus on koalas and lack of interest in protecting ...
(Oct. 29) -- American economic growth picked up over the summer but not enough to substantially improve the jobs market, and President Barack Obama used the news to push a program aimed at getting small businesses to hire and invest. U.S. gross domestic product, the broadest measure of goods and services produced within the country, grew at an annual rate of 2 percent in the third quarter, up from a 1.7 percent pace in the spring, the Commerce Department said today. Consumer spending -- by far the most important engine of U.S. economic growth -- also grew faster and more rapidly than it has ...
(Oct. 28) -- When my mom starts to collect the brochures from various health insurance plans, she tends to start losing sleep. For years, my parents have run a small, small business in New Lenox, Ill., providing health safety consulting for hospitals and some industrial clients. The payroll has included, at various times, my dad (company founder), my brother (current president), my sister and me (both providing secretarial and janitorial talent), along with a rotating group of two to 10 employees. My mom already serves as accountant, course planner, supply manager, scheduler, human resources ...
(Oct. 19) -- While economists, public opinion and the media go back and forth on the recession's status, recent poverty figures in the U.S. remind us of how severely it has already taken its toll. The poverty rate for Hispanics and African-Americans nationally has climbed to more than 25 percent -- approaching levels more characteristic of the developing world than the U.S. As we look to recovery and growth, we need to ensure continuous awareness of, and support for, measures and activities that plant the seeds of an economy of greater equality. The Small Business Jobs and Credit Act of ...
(Sept. 27) -- President Barack Obama today signed into law a chain of tax cuts for small businesses and up to $14 billion in federally funded loans aimed at stimulating job creation, in what's likely to be the government's last bid to boost the economy before the midterm elections. Enactment of the Small Business Jobs Act, passed with the support of just two Republicans in the Senate and one in the House, comes at a time when economic growth has yet to generate enough momentum to replace the more than 8 million jobs taken by the recession -- the majority from small businesses. A dearth of ...
Good morning Capitolists! Did you feel that slight movement under your feet this morning? It might have been the early signs of a power shift in the country (not to mention the Senate). Read about that and what's happening in Washington in the next 60 seconds: - DeMint is Da Man. Every reporter loves the story of a kingmaker, and after Tuesday's eye-popping primary results, Washington's press corps has anointed South Carolina Republican Jim DeMint the man responsible for taking out eight of the national party's picks for Senate and replacing them on the ballot with Tea Party newcomers. ...
(Sept. 14) -- Senate Democrats cracked a months-long GOP filibuster of a bill to provide new loans and tax breaks for small businesses after two Republicans broke with their party to back a measure President Barack Obama has promoted as one of his top economic priorities. Republican Sens. George Voinovich of Ohio and George LeMieux of Florida today joined a unanimous Democratic caucus in the 61-37 vote to close debate on the Small Business Jobs Act. The bill would create a $30 billion fund that community banks can access for loans to small businesses and provides some $12 billion in tax ...
A senior Republican senator, Ohio's George Voinovich, says he will support a small business jobs bill backed by President Obama because the "country is really hurting" and the Senate cannot afford to wait. Voinovich's vote would give Senate Majority Leader Harry Reid the 60 he needs to break any Republican filibuster and move ahead with the bill when Congress returns from recess next week. It comes on the condition that the Senate also consider an amendment that would reduce the amount of paperwork required of business owners on Main Street, the Washington Post reported. No other Republicans ...
In an unprecedented example of new-media outreach, White House Press Secretary Robert Gibbs spent about two hours Thursday night debating The Weekly Standard's Stephen Hayes on Twitter about the small-business bill before Congress. The debate appeared to be spontaneous -- and even spilled over into Friday morning, as Gibbs Tweeted, @stephenfhayes I have enjoyed our tweets – shows that a good debate doesn't have to be a nasty debate The debate was heated but civil. Still, some on the left were not pleased by Gibbs' outreach to a conservative pundit. For example, The American Prospect's ...
America can't shake its recession blues, even if the recession is officially over. The painfully slow recovery is typical in the wake of a financial crisis like the Wall Street collapse, economists say. Still, the hard times are so persistent that I have been feeling twinges of guilt about President Obama's stimulus package. Many of Obama's ideas for a new economic foundation ended up in that package: expanded broadband coverage, competitive grants for innovative schools, computerized medical records, more science research, more investment in clean energy. I wanted all that, and the stimulus ...
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