Get Started: Fed extends Operation Twist, gas prices look primed to plummet

Our daily blend of the latest news, trends and tips for the small business community.

What’s going ‘on’:

Fed extends Twist: The Federal Reserve on Wednesday renewed Operation Twist, a program meant to spur economic growth by reducing long-term interest rates. The central bank noted that “growth in employment has slowed in recent months” and made clear that it’s prepared to take additional steps to increase hiring in the future.

North America no longer home to most millionaires: The Asia-Pacific region’s millionaires now outnumber North America’s for the first time, according to a new report by Capgemini and Royal Bank of Canada. However, North Americans still hold the biggest share of the world’s wealth at a collective $11.4 trillion.

Gas prices primed to keep falling: Oil industry insider Philip Verleger has predicted that gas prices could fall as low $2.50 per gallon by November, largely because of over-production in Saudi Arabia and falling demand in Europe. That would be good news for small business owners across the country in various sectors.

Keep an eye ‘on’:

Farm bill bringing Senate together: Could the partisan freeze finally be thawing in the Senate? Recent cooperation across party lines on the nearly $1 trillion farm bill may very well demonstrate the chambers’ capacity to come together on other fiscal issues in the coming months, according to a story by Paul Kane.

Helpful advice ‘on’:

How to avoid the risks of doing business in Europe (OSB)

How to prepare for the upcoming health-care ruling (TWP)

How to identify a workplace bully problem (Entrepreneur)

How to get the most out of your company’s data protection program (IT Business Edge)

J.D. Harrison covers startups, small business and entrepreneurship, with a focus on public policy, and he runs the On Small Business blog.

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