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ECONOMY: GDP Growth Lags Because Business Investment Lags
by Raymond J. Keating- The U.S. Bureau of Economic Analysis released its second estimate on fourth quarter 2019 gross domestic product (GDP). The real GDP growth rate remained unchanged from the first...
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Solid Income Growth in January Will Help in an Uncertain Time
by Raymond J. Keating- The U.S. Bureau of Economic Analysis released a positive personal income report for January 2020 on February 28. The topline story noted that personal income grew by 0.6 percent...
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PREPARING FOR ECONOMIC CHANGES: MEETING THE CHALLENGES FROM THE CORONAVIRUS
BY BARBARA WELTMAN– The world first heard about the coronavirus a month ago. Yet it has intruded on many aspects of life and certainly has a negative economic effect. People are changing travel plans....
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The Fed’s Meaningless Rate Cut
by Raymond J. Keating- Government sometimes takes action just for the sake of looking like it’s doing something. It may not matter if the action makes sense or not, it’s simply that an elected...
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12 Tax Increases (At Least) Proposed by Bernie Sanders
Photo courtesy of Bernie Sanders for President (Facebook page.) by Raymond J. Keating- If you’re a self-proclaimed socialist running for president, then you’re probably going to be proposing a...
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The Fed’s Beige Book: Modest Growth Coupled with Coronavirus and Election Risks
by Raymond J. Keating- The latest edition of the Fed’s Beige Book points to an economy expanding at “a modest to moderate rate” in a majority of Federal Reserve districts. However, the St. Louis and...
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Protecting Your Business in the Coronavirus Economy
By Karen Kerrigan- No doubt the effects of the coronavirus are hitting small businesses more directly in certain industries and specific parts of the country. Travel, tourism and all types of...
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Joe Biden’s Tax Agenda: Big Tax Increases
$4 trillion drained from the private sector (not including the proposed carbon tax) by Raymond J. Keating- Tax increases are never a good idea for the economy. But they are particularly burdensome...
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Communicating with Customers and Clients in the “Coronavirus Economy”
By Karen Kerrigan- Effective communications and engagement with customers are critical differentiators in a competitive economy, and this is especially important now. If you want customers to keep...
View ArticleDon’t Limit U.S. Response to Coronavirus with Knee-Jerk Trade Policies
by Raymond J. Keating- The steps being taken by both the private sector and government in response to the coronavirus are unprecedented. On the public policy front, a major emphasis should be placed on...
View ArticleImportant Steps You Can Take to Immediately Prepare for an SBA Loan
Important steps you can take immediately to prepare for an SBA loan application By Ami Kassar, CEO of Multifunding, LLC ● For those wishing to apply for SBA disaster relief loans, as of yesterday, all...
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Small Business Grittiness: A Virtual Pub Crawl on Long Island
by Raymond J. Keating- Never underestimate American entrepreneurs, even in the face of a pandemic and big chunks of the U.S. economy essentially being shut down. No doubt, this necessary battle...
View ArticleFederal Government Guidance on COVID-19 Related Paid Leave and Tax Credits
DOL Publishes Guidance Explaining Paid Sick Leave and Expanded Family and Medical Leave Under the Families First Coronavirus Response Act (HERE) IRS/DOL Provides Guidance on Tax Credits Related to Paid...
View ArticleWhat’s in the CARES Act for Small Businesses, the Self-Employed and Gig Workers
Phase III Coronavirus Response Package by Karen Kerrigan- The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed the Senate in the early morning hours of March 26 by a vote of 96-0. As I...
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COVID-19 Strategies: Prioritizing Your Bills When Revenues Are Down
By Barbara Weltman- The COVID-19 pandemic has impacted businesses, some much more severely than others. Many businesses have seen their revenues dry up completely, while others have had less than...
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CARES Act Become Law: Provisions for Small Businesses and the Self-Employed...
By Karen Kerrigan- The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed by President Trump on March 27. The timely implementation is critical to millions of small businesses and...
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The Latest from SBA and U.S. Treasury on “Paycheck Protection Program” Loans...
by Karen Kerrigan- The U.S. Treasury and SBA have launched CARES Act “Paycheck Protection Program” (PPP) webpages, which include information for borrowers, lenders and a sample application form that...
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Small Business Promotion Ideas During the Coronavirus Crisis
by Raymond J. Keating- For many – far too many – small businesses in the U.S., the coronavirus crisis and the related sharp economic downturn means a struggle to survive. Here are few examples of how...
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Three Tricks to Keep Kids from Interrupting While You Work From Home
By Ann Dolin- You wake up, pour a cup of coffee, and set your kids up with schoolwork at the kitchen table. As they focus quietly on their work, you retreat to the solitude of your home office to...
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Small Business Insider: Business Intelligence, Policy Update and News
Re-Opening the Economy, PPP Politics and Update, Tapping Private Capital, Resources and Tips, and More By Karen Kerrigan- The PPP money has run out and “economic injury disaster loan” (EIDL) funds are...
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