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Posted at 06:30 AM ET, 04/11/2012

Get started ‘On’ Apr. 11: Santorum suspends campaign, small business optimism drops

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

What’s going ‘on’:


Rick Santorum turns to his wife Karen on Tuesday after announcing his decision to bow out of the GOP race. (Gene J. Puskar - AP)
Santorum suspends presidential bid: Rick Santorum has announced that he is suspending his presidential campaign, all but bringing to a close the 2012 GOP presidential contest and effectively handing the nomination to Mitt Romney. The former Pennsylvania senator had been Romney’s top opponent, but he suffered a trio of crippling defeats last week in Wisconsin, Maryland and the District of Columbia.

Small business optimism sinks: The NFIB’s Small-Business Optimism Index fell by almost 2 points to 92.5 in March, the first decline in six months. Moreover, nine of 10 index components dropped, most notably hiring plans and expected sales growth, which both fell 4 percent from the previous month.

Obama again pushes Buffet Rule: President Obama is renewing his public push for the Buffett Rule, hoping that the proposal to raise taxes on millionaires will deepen distinctions with his political rivals. On Tuesday, he urged the Senate to approve the Paying a Fair Share Act, which would require anyone earning at least $1 million a year to pay at least 30 percent of their income in taxes.

Keep an eye ‘on’:

Gas prices on their way up: The Energy Information Administration says gasoline will cost an average of $3.95 per gallon from April through September, an increase of 6.3 percent (or 24 cents) from the same period last year. The peak price at the pump should come in May at $4.01. However, the government says there’s a small chance the price for a gallon could climb as high as $4.50 in June.

Obamacare looking more and more costly: President Obama’s landmark health-care initiative, long touted as a means to control costs, would actually add more than $340 billion to the nation’s budget woes over the next decade, according to a new study by a Republican member of the board that oversees Medicare financing.

Helpful advice ‘on’:

How social media snooping can cause real trouble (OSB)

How to be a better leader and manager (Tweak Your Biz)

How to re-inspire exhausted employees (Fast Company)

How to pitch your start-up to Diddy (Huffington Post)

By  |  06:30 AM ET, 04/11/2012

Tags:  small business, get started on

 
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