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Fact of the Week

The Troubling Downward Trend in Industrial Production

By at 18 May, 2015, 9:32 pm

One month does not a trend make. Five months? Yes. The Federal Reserve reported on May 15 that industrial production declined in April, and that was the fifth straight monthly decline. Industrial production is an index measuring the physical output of all manufacturing, mining, and electric and gas utility establishments in the U.S. The drop […]


National Small Business Week: 4 Big Points on Tax Reform and Small Business

By at 6 May, 2015, 4:01 pm

Tax reform has been getting some hot political buzz and attention in recent months. During National Small Business Week, it should be highlighted that small businesses and entrepreneurship would benefit significantly from tax reform, as long as tax reform is done right.   As for action on tax reform, Senate Finance Chairman Orrin Hatch (R-UT) […]


FACT OF THE WEEK: Worst Productivity Data in Over Two Decades

By at 6 May, 2015, 10:43 am

The U.S. Bureau of Labor Statistics released its first quarter 2015 estimate of productivity on May 6, and the news was dismal.   The report sums up: “Nonfarm business sector labor productivity decreased at a 1.9 percent annual rate during the first quarter of 2015…, as output declined 0.2 percent and hours worked increased 1.7 […]


National Small Business Week: 4 Big Points on Internet Regulation and Small Business

By at 5 May, 2015, 11:52 am

On February 26, the Federal Communications Commission (FCC) voted to move from a light regulatory touch, as authorized by Congress and President Bill Clinton in the 1990s, to a heavy-handed utility-style regulation of broadband Internet – both wired and wireless networks. The FCC, by a vote of 3-2, claimed it could apply legislation initially passed […]


Small Business Hollywood’s Battle Against Piracy

By at 27 April, 2015, 4:00 pm

For small businesses and entrepreneurs, every day needs to be World Intellectual Property Day Go to the website for the World Intellectual Property Organization, and you’ll discover that April 26 was World Intellectual Property Day. The purpose of this date? “Every April 26 we celebrate World Intellectual Property Day to promote discussion of the role […]


FACT OF THE WEEK: March Durable Goods – Some Concerns on Business Investment

By at 24 April, 2015, 12:41 pm

The headline story from the Census Bureau’s March durable goods report was excellent, with durable goods orders up 4.0%, well ahead of market expectations and up from the 1.4% decline in February. Durable goods orders are considered to be a leading indicator for manufacturing activity. Unfortunately, there is a “but” here, and a big one. […]


FACT OF THE WEEK: The U.S. Must Welcome Immigrant Entrepreneurs

By at 8 April, 2015, 7:58 pm

Late last month, the Kauffman Foundation published “The Economic Case for Welcoming Immigrant Entrepreneurs,” a snapshot of immigrant entrepreneurs and their importance to our economy. A few key points include: “[M]ore than 40 percent of the Fortune 500 companies in 2010 were founded by an immigrant or the child of an immigrant.” “Immigrants were almost twice as likely to […]


FACT OF THE WEEK: The Latest Consumer Confidence Data

By at 31 March, 2015, 1:46 pm

On March 31, The Conference Board released its latest gauge of consumer confidence, and the top line told what appeared to be a positive story. After all, the Index came in at 101.3 (1985=100) for March, which was up from 98.8 in February. But when you look inside the numbers, and consider the assessment of […]


FACT OF THE WEEK: Trade Under Bush and Obama

By at 27 March, 2015, 9:47 am

by Raymond Keating- Many important issues were covered at Hofstra University’s conference (March 24-26) on the presidency of George W. Bush, which I attended this past week. That included international trade. Protectionist? It caught my attention when a professor from Suffolk University, Shahruz Mohtadi, labeled President George W. Bush a “protectionist.” That’s an odd declaration, […]


Global Trade: Encouraging Survey Results

By at 9 March, 2015, 8:58 pm

There is some very encouraging results in the latest Gallup poll of U.S. adults on trade. Given all the bizarre and false arguments being launched against trade agreements these days, it’s good to see that 58% of adults see foreign trade “more as an opportunity for economic growth through increased exports,” while only 33% see […]


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