Our daily blend of the latest news, trends and tips for the small business community.
What’s going ‘on’:
Romney rips Obama’s business remarks: Mitt Romney is blasting the president’s comment that “If you’ve got a business, you didn’t build that,” calling the remark “insulting to every entrepreneur, every innovator in America.” Romney acknowledged the role of government, but argued that success ultimately results from individual drive.
Defense contractors warn of job losses: During a House hearing Wednesday, executives from some of the country’s biggest defense contractors warned that thousands of jobs will disappear if massive federal spending cuts take place as scheduled in 2013. Lockheed Martin alone would likely lose around 10,000 positions.
Economy showing tepid growth: The United States’ economy expanded modestly over the last couple months, but hiring actually slowed down in a number of regions, according to the latest Federal Reserve survey released Wednesday. The housing market enjoyed the best news, posting gains in all 12 districts.
Keep an eye ‘on’:
Raising top tax rates could plague small businesses: President Obama’s proposal to let the tax rates for the nation’s highest earners expire at the end of the year could force millions of small businesses to cut jobs and wages, according to new data from Ernst & Young. Researchers also suggested the plan would cost the economy $200 billion in output and more than 700,000 jobs.
House to vote on new regulation freeze:The House of Representatives plans to vote next week on a bill to prevent federal agencies from introducing any significant new regulations until the unemployment rate falls to 6.0 percent. Another bill would prevent a lame-duck president from imposing new rules after the election.
Helpful advice ‘on’:
How pets could improve your office (Fast Company)
How to keep your employees competitive (Inc.)
How to send better e-mail promotions (Main St. ROI)
How to run a seasonal business off-season (Intuit)