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streettalklive.com / By Lance Roberts / The release of the National Federation Of Independent Business (NFIB) Small Business Survey for December was much like the report we discussed in November. In short – there were very few positives to be found.
According to the NFIB survey optimism among small businesses crept higher by 0.5% over November’s historically low report with a reading of 88.0 which is the second lowest reading since March of 2010. This poor [...] Washington (CNN) – Karen Harned has been going to the Supreme Court every day it has met since June 11 so there would be no chance she would miss the health care law ruling. Harned is director of the small business legal center of the National Federation of Independent Business, one of the plaintiffs in the lawsuit that seeks to strike down the law. She and her group have worked through all [...] Small businesses are waiting longer for commercial customers to pay their bills as many big companies continue to hoard cash to bolster their own working capital. The trend, which began in the recession and has worsened in recent years, is putting growing pressure on people like Nirav Sheth, who owns a Web-development company in Washington. Mr. Sheth’s seven-person Anatta Design has been forced to postpone hiring and expansion because of the longer [...] For the first time in four years in Michigan, the gap in compensation between public sector employees and private sector employees declined, according to research by James Hohman, fiscal policy analyst with the Mackinac Center for Public Policy. The average compensation of public sector employees (state and local government, public schools and universities) dropped from $60,620 in 2010 to $58,400 in 2011. At the same time, private-sector workers had an increase [...] By ROBBIE WHELAN Keith Mullin’s start-up snack-food company, Gamer Grub, needs cash to become a player. The San Diego company, which makes bags of high-energy snack food for videogame fanatics, recently struck a promotional partnership to sell its product at stores across the U.S. as part of the launch of “Call of Duty: Modern Warfare 3,” the country’s top-selling videogame. While more than 3,000 stores have agreed to sell the snacks, Mr. Mullin [...] Democrat criticizes Obama for ’4,200 pages’ of pending regulations By Joshua Altman – 11/22/11 12:29 PM ET Former Democratic Sen. Blanche Lincoln (Ark.) attacked the Obama administration Tuesday for proposing a litany of new regulations she says are hurting the economy. “You’ve got 4,200 pages of pending, new regulations to be put on the books that just create huge uncertainty,” Lincoln said. Lincoln lost her reelection bid last year to Sen. John Boozman [...] The Obama administration chose not to ask the 11th Circuit Court of Appeals to re-hear a pivotal health reform case Monday, signaling that it’s going to ask the Supreme Court to decide whether President Barack Obama’s health reform law is constitutional. The move puts the Supreme Court in the difficult position of having to decide whether to take the highly politically charged case in the middle [...] byPhilip Klein, Washington Examiner
Judge Andre Davis, an Obama appointee to the 4th Circuit Court. / AP A three-judge Fourth Circuit panel comprised of two juges appointed by President Obama and one named by President Clinton, has dismissed a Virginia-based lawsuit challenging the constitutionality of the national health care law’s individual mandate, saying the state lacked standing to sue. The court did not get to the merits of [...] A payroll tax credit would motivate Zalmi Duchman (R), owner of TheFreshDiet.com, to hire more quickly. But his CFO says access to capital is what really fuels growth. NEW YORK (CNNMoney) — President Obama has passed 17 tax breaks and credits for small businesses. But when it comes to job creation, they don’t add up to much. The scope of the tax breaks and [...] by Lance Roberts of StreetTalk Advisors Why Unemployment Is About To Surge
Unemployment is potentially set to rise sharply in the coming months. That is a pretty bold claim on the surface and one that flies in the face of both mainstream economists, and the White House which is about to unveil a new “jobs plan”. Let’s take a quick look at some numbers: 8, [...] By JOHN BUSSEY, WSJ Small-business lending has been in trouble, but is there an explanation beyond the widespread perception that banks are denying credit, and starving small entrepreneurs? Clearly, the financial crisis and recession whacked banks and curtailed lending to small companies. Lending still hasn’t returned to prerecession levels. But here’s an alternative view of the principal cause: A range of observers report that, in many cases, [...]
By JENNIFER HABERKORN The 11th Circuit Court of Appeals on Friday ruled that the health care reform law’s requirement that nearly all Americans buy insurance is unconstitutional, a striking blow to the legislation that increases the odds the Supreme Court will choose to review the law. The suit was brought by 26 states — nearly all led by Republican governors and attorneys general — and the National Federation of [...] DANA MATTIOLI And SARAH E. NEEDLEMAN Many big public companies are likely to report strong second-quarter profits, but that isn’t the story on Main Street, where small businesses are grappling with jittery customers, rising costs and tight credit. The owners of many small businesses say economic uncertainty and inflationary pressures have led them to delay hiring and capital expenditures. Seventy percent have no plans to expand [...] Job seekers, like these people waiting in the rain outside the Brooklyn Job Fair in April, face grim prospects from small businesses. NEW YORK (CNNMoney) — Small business owners have a grim outlook on the economy, with a gathering number planning to reduce jobs over the next three months, according to survey results from an industry group. The percentage of independent businesses planning to increase employment in [...] Skeptical questions from three federal judges in Atlanta suggest they may be ready to declare unconstitutional all or part of the healthcare law promoted by the Obama administration and passed last year by Congress. Reporting from Atlanta— A top Obama administration lawyer defending last year’s healthcare law ran into skeptical questions Wednesday from three federal judges here, who suggested they may be ready to declare all or [...] By Kathleen Madigan, WSJ Small-business owner pessimism worsened in April for a second consecutive month, even though current sales performance was the best in 40 months, according to data released Tuesday. The National Federation of Independent Business‘s small-business optimism index dropped 0.7 point to 91.2 in April. That followed a 2.6-point decline to 91.9 in March. The NFIB called the April index “a disappointing outcome following the March decline.” The report [...] Here is the link: The first sentence of the article states: “The National Federation of Independent Business Index of Small Business Optimism lost 0.6 points in December, dropping to 92.6, and disappointing those who were anticipating a rebound that might signify more growth in the small business sector.” More noteworthy stuff from the first paragraph: “Weak sales remains the top problem, stagnating hiring and spending on capital projects. [...] “CAPITAL SPENDING Small businesses, i.e., independent enterprises employing up to 250 people, represent more than 99 percent of all U.S. employers, according to the U.S. Small Business Administration, and have created 64 percent of all new jobs in the past 15 years. Yet, while the government’s Birth/Death model adjustments show there was a 115,000 add for small business jobs, small business confidence from July to August experienced [...] WASHINGTON (MarketWatch) – U.S. small business owners grew more pessimistic in June after two months of modest improvement, according to a monthly survey released Tuesday by the National Federation of Independent Business. The small-business-optimism index fell to 89 in June from 92.2 in May. The index has been trending sideways for more than a year at historically weak levels. Read more on the NFIB website. “Owners have no confidence that economic policies [...] The National Federation of Independent Business Index of Small Business Optimism lost 1.2 points in March, falling to 86.8. The persistence of index readings below 90 is unprecedented in survey history. “The March reading is very low and headed in the wrong direction,†said Bill Dunkelberg, NFIB chief economist. “Something isn’t sitting well with small business owners. Poor sales and uncertainty continue to overwhelm any other good news about the economy.†|
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