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

What’s going ‘on’:

Recession wiped out 40 percent of wealth: The recession stripped Americans of roughly two decades worth of wealth, according to a new report from the Federal Reserve, which showed that the median net worth of families plunged 39 percent from $126,400 in 2007 to $77,300 in 2010. Middle-class families suffered the largest declines.

GSA weeding out obsolete contract listings: The General Services Administration plans to begin removing obsolete contracts from its schedules, which business owners use to browse for government work opportunities. Officials estimate the initiative will save $24 million by weeding out contracts for things like typewriters and trophies.

Apple revamps iPad, Siri, Facebook, Safari: The tech headliner announced a slew of product updates at WWDC on Monday, including Siri and Facebook applications coming to the iPad, Facetime over cellular networks and improvements to the Safari browser — all part of the new iOS6 operating system coming this fall.

Keep an eye ‘on’:

Obamacare’s ‘job killer’ reputation challenged: The president’s health care reform law won’t likely kill jobs like many critics have suggested, according to new analysis conducted by the Urban Institute of Massachusetts’s very similar health care reform measures. Moreover, there was also no apparent employment damage to small firms.

Helpful advice ‘on’:

How to turn work trips into mini vacations (OSB)

How to use hashtags for business (Small Biz Trends)

How to approach the freemium model (NY Times)

How to draft a business concept statement (Forbes)

How to ramp up employees’ creativity (Open Forum)