The Business Big Shots Blog

This is an important time in American history. Depending on how we recover from the Great Recession, which we have already begun to do (but still have a long way to go), the next ten to twenty years will be dramatically affected. Unemployment is still absurdly high. The budget deficit is ...

Default looks imminent for Greece. How will this affect the Euro business? The benefits of the continent accepting the Euro have been great: about 10 to 15% GDP greater trade growth than it would have been otherwise. But the cons - namely, economic inflexibility - have been also. Wage cuts have been ...

Jobless claims fell to their lowest rate in two years, evidencing further optimism for the new year. John Silvia, chief economist at Wells Fargo, expect about 160,000 jobs to be added monthly in 2011 as compared to 90,000 monthly in 2010. Even so, it will take years to recover the ...

For many in our grand country, there is still a lot of pain from the defunct business or the many small business that cut workers over the past three years. Relief for these folks comes in three primary ways: unemployment insurance, food stamps and Medicaid. The first is the best deal. ...

A 59-page proposal ominously entitled "The Moment of Truth" is a new partial solution to our deficit. By 2020, the report explains, the U.S. Government will have 200,000 less jobs, and seriously trim defense spending.A reduction of $4.1 trillion is expected if the proposal passes. Tax breaks, especially mortgage-interest deductions will ...