Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Obama’s budget to include higher taxes for wealthy: President Obama on Monday will propose a multi-trillion-dollar government budget that seeks to impose higher taxes on the rich to help reduce the deficit. The budget’s broad themes, according to a draft outline viewed by The Wall Street Journal, contrast sharply with Republican proposals for smaller government and lower tax revenue.
Consumer confidence slides: Confidence among U.S. consumers declined more than forecast in February as growing optimism about job prospects failed to ease concern wages will stagnate. The Thomson Reuters/University of Michigan preliminary index of consumer sentiment dropped to 72.5 from 75 in January, a one-year high.
Greece OK’s austerity package: The Greek Parliament voted Sunday to approve a package of austerity reforms, marking a key step toward securing a second bailout for the debt-riddled nation. The country needs the money to avoid default on a €14.5 billion bond redemption in March.
Keep an eye ‘on’:
Google adding experience center, secret test labs: The company is working on $120 million in construction projects at its Googleplex headquarters, including work on a series of hardware testing labs that hint at the company’s interest in crafting consumer devices like its rivals Apple and Microsoft.
Start-ups helping users sell their personal data: Internet users have long been giving away information on which companies make money, but there is some momentum for the idea that personal data could function as a kind of online currency for users. A number of start-ups allow people to take control and perhaps profit from the information they share online.
Helpful advice ‘on’:
How wacky perks can help retain employees (Open Forum)
How to choose the right tablet for your business (PC World)
How to build a community before building a business (Portfolio)
How to leverage a brand using Pinterest (TechCrunch)
How to retool your business after the downturn (Entrepreneur)