Posts tagged ‘Economy’

As per the first quarter report of FSB, unemployment has increased to 2.5 million in UK. Because of high unemployment rates, Federation of Small Businesses (FSB) is expecting a boom. As per the FSB, about 300,000 people are expected to become their own boss and to set up their own small business because of high [...]

The legislation is allowing investors for excluding the profits in the sale of particular small business stock from their income with the intention of tax when a stock is on hold for more than 5 years. In this way it is encouraging investment in small businesses. Owners can get to access more private capital to [...]

Based on Business News daily A small business should have less that 500 or 500 employees according to the US Small Business Administration. 99.9% of all US businesses represent firms fewer than 500 employees. 29.6 small Business in the US based on SBA estimates in 2008. 21.7 businesses have owner but no employees(2007) 52.2% US [...]

The US hotel industry posted significant decline in the month of January, this year. The reason is obviously the economic downturn, which compelled people to cut their expenditures on hotels and hospitality. The situation is same with many industries, due to the recession. STR releases the statistics for the decline in the hotel industry performances. [...]

The recession is driving companies towards cutting on their jobs to more and more extent every day. We saw that many companies are simply slashing their jobs in order to comply with economic downturn. This doesn’t mean that they don’t require people to work. But they are looking for people who work more effectively for [...]

Why are companies into wild spree of job cuts? The answer is obviously – “to reduce extra costs”. Isn’t there a strategy other than slashing jobs that helps organizations to reduce costs? The answer might be “yes!” Before recession, when the times were extremely good, employees and their organizations were into lavish expenditures. Most of [...]

Dick works as an emergency medical technician in some part of America. He actually hates to be called so. He wanted to be a biologist but he was compelled to take up the profession. And now it has become his career and he cannot do anything regarding that. Choosing a career may be very easy [...]

People didn’t want to be in such a situation. But they are forced to be so. With the lost jobs, plummeting businesses, how can they pay their loans? And this obviously increased the number of delinquencies in the nation to a record high. According to American Bankers Association, the number of late loan payers has [...]

President Bush in a meeting said that government’s drastic economic rescue efforts will eventually pay off and there is no need for Americans to get anxious about credit crisis but he didn’t give any quick revival. The economic crisis didn’t occur in one night and situation does not change in overnight. It is an ongoing [...]

In last two months, there is huge financial crisis in all most every country. People are concentrating more on savings then spending. Confidence of consumers is low because of ongoing financial crisis and economists believe that consumer’s spending power is dropped to half. Consumer spending dropped by largest amount in last four years in September, [...]