Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Older workers bludgeoned by recession: The economic downturn took an especially hard hit at older workers, many of whom are out of work and finding it particularly tough to find jobs. Nationwide, more than a third of job-seekers 55 and older have been out of work for more than a year, and the majority have been out for six months or longer, according to government data.
Markets suffer IPO drought: On the heels of an altogether disappointing debut from Facebook, the market for initial public offerings has gone dry for three straight weeks, the longest such stretch in five months, according to data from Ipreo. The slowdown will likely continue as no IPOs are slated for the coming week.
Facebook finally gets a lift: The social networking company’s stock got a boost to end the week after ComScore reported that marketers can use the site effectively to encourage users to buy products by harnessing the selling power of their “likes.” Facebook’s stock climbed 3 percent at the close in New York on Friday.
Keep an eye ‘on’:
Obama private sector gaffe’s permanent damage: The president’s “private sector” moment will haunt him through November, according to our Chirs Cillizza, who argues that Obama’s electoral chances laregly hinge on his ability to turn the race “from a referendum on his handling of the economy into a choice between the two candidates’ views on how best to manage the country’s financial situation.”
Helpful advice ‘on’:
How to avoid a major data security disaster (OSB)
How to turn your workspace into theater (Entrepreneur)
How to protect your firm from cyber attacks (Mashable)
How to decide if you’re truly an entrepreneur (Forbes)