Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Small firms paying the price for big corporations: When large corporations take advantage of offshore tax havens, small businesses pay the price, according to new analysis of census data released by U.S. PIRG. The report suggests that, if firms with fewer than 100 employees were to cover the cost of corporate abuse of foreign tax havens, they would each have paid $2,116 last year.
Consumer prices edge higher: Gas and food costs pushed consumer prices 0.3 percent higher last month, according to the latest data from the Labor Department, slower than the 0.4 percent rise in February. Overall, inflation has eased since last fall and is expected to stay tame.
China’s economy slows: China’s economy has cooled to its slowest pace of growth in three years, the result of a decline in export demand and a weak property market. The country’s gross domestic product grew 8.1 percent year-over-year in the first quarter, down from 8.9 percent growth in the fourth quarter of 2011.
Keep an eye ‘on’:
Battle of the sexes, recession style: Between 2006 and 2010, men’s average earnings fell by $2,433, while women’s earnings fell by about one-tenth as much, $253, according to analysis by Measure of America. Meanwhile, women have also been less likely to drop out of the workforce, further highlighting stark differences between how men and women have fared during the recession.
Helpful advice ‘on’:
How to safely move your business to the cloud (OSB)
How to tweeting can improve your business (USA Today)
How to fail less often in the start-up world (Tech Crunch)
How to learn from the success of Instagram (ABC News)
How to pick a company name (Sydney Morning Herald)