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 8.4 million jobs lost in [...]

Ireland made headlines as the government took control of Allied Irish Banks, which was once the country’s largest. It will have a $4.85 billion injection of cash taken from pension reserves to prevent further loan losses. It will also be delisted on major stock exchanges. This comes as Spain and Portugal’s credit ratings are downgraded [...]

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. It used to last [...]

Everyone is gearing up for the new year, and that includes business folk. Ron Paul was just named head of the panel that oversees the Federal Reserve. Obama continues to receive smack for ceding to the Republicans requests. And along with quantitative easing, the American Way looks even more anti-European today than it did three [...]

In the Senate, a jobs bill passed 68-29 with 11 votes from Republicans. This new bill will increase tax breaks for small businesses by providing them with incentives to hire the long term unemployed (those who have been out of work for more than 60 days). Business tax breaks add up to about $15 billion. It [...]

In today’s fast-moving digital world, CEOs of companies are becoming younger and younger. Some common traits many successful CEOs under 40 share are their early entrepreneurial spirits. They had good ideas young and built on them. They started their companies young, and many of them began running them as publicly traded entities.  Here are just [...]