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Posted at 06:30 AM ET, 08/23/2012

Get started: Household income levels sink, Obama offers new options to young immigrants

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

What’s going ‘on’:

American income levels sink: Household income dropped 4.8 percent to $50,964 between the summers of 2009 and 2012, according to a report by Sentier Research released Thursday, further evidence of a stubbornly sluggish recovery. In fact, incomes have dropped more since the beginning of the recovery than they did during the recession

New Obama policy helps young immigrants stay put:The White House has introduced a new initiative allowing many educated young immigrants (30 or younger) to apply for temporary work authorization and placing them further down the list of priorities with regards to deportations and other enforement meausres.

Keep an eye ‘on’:

Fiscal cliff poses long, hard economic fall:Should Congress allow tax hikes and spending cuts to take place as scheduled in 2013, the country would fall into a major recession and unemployment would likely shoot to 9.1 percent, according to increasingly the latest forecasts from the nonpartisan Congressional Budget Office.

Helpful advice ‘on’:

How to make focus groups work your business (OSB)

How to learn exactly what customers want (Inc.)

How to maintain security with remore workers (Entrepreneur)

How to out-market your bigger competitors (Open Forum)

By  |  06:30 AM ET, 08/23/2012

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