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

What’s going ‘on’:

Obama delivers annual address: President Obama announced plans to cut by half the number American troops in Afghanistan during his annual address, and he called on Congress to take actions immediately to support green energy and the environment, encourage foreign trade and ease the nation’s strict immigration laws.

Small business optimism rises: Despite a slight payroll tax hike, the NFIB’s Small Business Optimism Index jumped 0.9 points last month, reaching 88.9 in January. Nevertheless, that’s still the fourth lowest reading in the survey’s 40-year history

Fed continuing forceful action: The Federal Reserve plans to continue its aggresive actions indefinitely in light of the still-slow economic recovery, which can be partly attributed to the budget debacle in Washington, according to Fed Vice Chairman Janet L. Yellen.

Keep an eye ‘on’:

Small firms preparing for climate rule changes: Some mall businesses are already preparing for expected changes to the federal government’s regulations pertaining to greenhouse gases and alternative energies, which could hit their bottom lines hards.

Helpful advice ‘on’:

How to avoid writing a bad press release (SB Bonfire)

How to hire a small business attorney (Entrepreneur)

How to get the most out of online coupons (Mashable)

How to decide whether you need a CFO (Open Forum)