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This week, Federal Reserve Chairman Ben Bernanke delivered his semiannual monetary update to the Senate Committee on Banking, Housing, and Urban Affairs and the House Committee on Financial Services. The prospect of higher commodity prices has the potential of squeezing business owners’ profitability at a most inopportune time – when otherwise the economy itself is starting to get some traction.
When you talk to anyone in government this week, one word is on everyone’s mind: “shutdown.” The federal government is already setting up contingency plans on what it will do if the Congress cannot agree on a new continuing resolution by March 4.
America needs more startups, especially those which might someday grow into high-impact, high-growth firms. Despite adding over one million net new jobs in 2010, the U.S. has over 7 million fewer nonfarm payroll employees today than at the end of 2007 when the recession began. Research from the Kauffman Foundation and others support this notion, with startups accounting for most of the net new jobs in the economy and adding new vitality to the marketplace.
On March 9, the Senate Small Business and Entrepreneurship Committee reviewed the “SBIR/STTR Reauthorization Act of 2011” (S.493). It would reauthorize the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for the next eight years.
Last week, Rep. Sam Graves (R-MO), the Chairman of the House Small Business Committee, made headlines when he proposed nearly $100 million in cuts to the U.S. Small Business Administration’s FY 2012 budget.
One of the hot topics in Washington – at least among business interest groups – is the issue of regulation, or as many of them would suggest regulatory overreach. The U.S. Chamber of Commerce, for instance, has made this one of their top concerns this year...
Innovation is the lifeblood for many entrepreneurial ventures. As William Baumol has written, innovative inventors help to push our economies forward in “revolutionary” ways, helping us to stay competitive and bring new ideas to the marketplace.
When making long-term investments, either on physical capital or for research and development, businesses need certainty from Washington. When President Obama signed the “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” (H.R. 4853) on December 17, 2010, among its many provisions, he reauthorized the Research & Experimentation Tax Credit, which is more commonly known as the R&D tax credit.
In the last few days, two big names have announced they aren’t going to run for President. So what bearing does that have on the race for the White House in 2012? Here are five ways these non-announcements will have an impact on the race.
Austan Goolsbee, the Chairman of the Council of Economic Advisors, addressed the members of the NABE at their annual policy conference in Arlington, Virginia discussed the dramatic steps taken by policymakers to tackle the economic crisis.
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