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Keating’s CyberColumn

Economists Who Get it Wrong – and Right – on Trade and IP

By at 17 March, 2015, 8:59 am

by Raymond J. Keating- When it comes to free trade, there are the usual suspects who, despite the economic realities of expanding opportunity via reduced trade barriers (as noted in recent SBE Council analyses here and here) and stronger property rights, stand in opposition. Labor union leaders rank among these protectionists, with a Wall Street […]

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The Beige Book Economy and Small Business Decision-Making

By at 5 March, 2015, 12:14 pm

by Raymond J. Keating- Eight times a year, the Federal Reserve releases its “Beige Book,” which is an assessment of current economic activity in each of the 12 Federal Reserve districts based largely on anecdotal evidence. It’s a report that helps Fed policymakers make decisions regarding monetary policy. Similarly, it can be a tool for […]

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5 Key Points from Annual Global CEO Survey: Over-Regulation Tops the List

By at 25 February, 2015, 9:27 pm

by Raymond J. Keating- In late January, PwC started to release information from its 18th “Annual Global CEO Survey.” This survey of 1,322 CEOs from 77 nations offers a valuable business take, if you will, on an assortment of issues. Some key points are worth highlighting on the economy and policymaking: 1) Growth Outlook. “CEOs […]

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5 Facts on Private Investment

By at 18 February, 2015, 9:05 pm

by Raymond J. Keating- Private-sector investment is vital to economic growth. Investments in new and growing businesses; in new or improved machinery, tools and technology; in buildings, facilities and homes are the sources of innovation and economic growth now and into the future. Unfortunately, the deep recession running from late 2007 to mid-2009, and the […]

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The NLRB vs. Small Business America

By at 12 February, 2015, 10:41 pm

by Raymond J. Keating- For many individuals, franchise ownership is the best path to entrepreneurship. There certainly are advantages. A franchisee owns and operates a small business, while benefiting from the franchisor’s products/services, business model, reputation, brand, and support. And in fact, franchising is a strong, significant part of the entrepreneurial sector. According to Steve […]

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7 Huge Problems with the Obama Budget Plan

By at 3 February, 2015, 9:19 pm

by Raymond J. Keating- The federal budget has been a mess for a very long time. No news there. Unfortunately, the new budget proposed by President Obama only promises to make matters worse, and this after some very minor improvements, at least on the spending side, in the last few years. And make no mistake, […]

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Four Key Points on the GDP Data

By at 30 January, 2015, 3:12 pm

by Raymond J. Keating-  In his State of the Union address, President Obama painted a rosy portrait of the U.S. economy. According to the President, the U.S. economy experienced a “breakthrough year” in 2014. Well, with fourth quarter GDP data out on January 30, it turns out that 2014 was just another under-performing year in […]

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President Obama and Taxes

By at 22 January, 2015, 10:27 am

by Raymond J. Keating- Given his track record on the issue, President Obama did not surprise with his proposals on taxes during his State of the Union, but he did disappoint. While short on details in the actual speech, the same tax themes that the President has pushed throughout his administration came through in this […]

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New Congress Pledges To Take on Excessive Regulation

By at 6 January, 2015, 10:39 pm

by Raymond J. Keating- Many in the new Congress seem to understand the ills of burdensome regulation. The new Senate Majority Leader Mitch McConnell (R-KY) says the growth and breadth of new regulation in recent years has been a serious drag on the economy. On CNN’s State of the Union on January 4, McConnell identified […]

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5 Issues to Watch for the 2015 Economy

By at 3 January, 2015, 10:49 am

by Raymond J. Keating- The latest read on U.S. economic growth was a clear positive during an economic recovery that has grossly underperformed since it officially  started in mid-2009. We will not get a read on economic growth for the fourth quarter and all of 2014 until late January. The most recent take was on […]

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