Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Bernanke warns recovery is slowing: Federal Reserve Chairman Ben Bernanke on Tuesday told lawmakers that the already sluggish economic recovery has further lost momentum in the last few months, offering little hope for job creation. However, the chairman didn’t say whether the central bank would take any new steps to try to boost growth.
Budget cuts could eliminate 2 million jobs:Sweeping federal budget cuts slated to take effect at the beginning of next year could cost the economy more than 2 million jobs and lift the unemployment rate by 1.5 points in 2013, according to new economic forecasts published by the Aerospace Industries Association.
Consumer prices hold steady: Consumer prices remained unchanged last month as relief at the pump was offset by increasing costs of food and medical care, according to the latest data from the Labor Department. Weak economic growth is limiting many business owners’ ability to raise prices on goods and services.
Keep an eye ‘on’:
Education start-up expanding free courses: Coursera, an online education platform founded by a pair of Stanford University professors, aims to offer free courses from prestigious universities to students across the world. Already, the start-up has raised $22 million in series A funding and partnered with the likes of Princeton University, Duke University, University of Michigan, University of Pennsylvania, and California Institute of Technology.
Helpful advice ‘on’:
How to request LinkedIn recommendations (OSB)
How to inspire your dull employees (Open Forum)
How to think about business bankruptcy (NFIB)
How to diversify your client base (Yahoo Small Biz)