Category archives for: Economics

Tesla Model S – The First 5,000 miles


After months of constantly checking the Tesla Motors website and blog for production information, I took delivery of my Model S December 19, 2013.  I took advantage of the buyback guarantee (in case the vehicle ended up being the 21st century version of the Edsel) which was a bit of a pain.  I had […]

Big Companies, Small Benefits


If you work for a Fortune 500 company you likely get a host of employee benefits.  If you work at the corporate headquarters you likely get even better perks.  After all that is where executive management are and they can’t have their perks appear exclusively for them.  Many large companies have free gyms for employees.  […]

Higher minimum wage spurs small business equipment purchases

min wage

The President’s intent to raise the minimum wage to $10.10 form its current level will have the exact OPPOSITE effect.  Small business owners will begin buying equipment that does what those minimum wage earners do now.  Want proof?  When was the last time a deli counter person took your order?  For me it has been […]

It’s Jobs, Stupid!


If there was ever any doubt about what has held the economy down for the past two years, just look at the recent mid-term election results for your answers.  Unemployed people have the time and desire to vote, and they do not often vote for the group in charge when they lost their jobs. The […]

What Small Businesses Really Need to Recover


Regulatory Roadblocks to a Recovery Until the regulators ease their underwriting criteria for new and impaired loans, small business will not get access to credit.  If a lender grants a new loan to a business with marginal credit, the regulators will immediately call for the loan to be impaired.  This has the effect of making […]

Tips for surviving the downturn

Biz Survivial Kit

Business best-seller lists teem with titles touting prosperity strategies.  But what if you simply need to keep your business afloat during troublesome times?  Even when difficulty looms, there are still many ways to successfully keep your business going. 1. Begin with your banker. As the saying goes, dig your well before you’re thirsty. The best time […]

New Mexico Defaults?


Is a Non-appropriation the same as a default? The State of New Mexico may be the first of the states to “non-appropriate” funds for various existing contracts.  What is a non-appropriation?  A non-appropriation is when a government decides to cancel a contract early because it does not have the money in the budget to complete its […]

Small Business Sentiment Flat in February


The Discover small business economic confidence index was essentially flat for February 2010.  Perhaps the only good news in the report was the fact that the index is actually up 13 points year-over-year. While the small business economy is still frighteningly weak, it is hard to believe that we are substantially better than a year […]

SBA Direct Lending a Bad Idea


Today’s Wall Street journal (3.4.2010, page B6) had a very scary article. The author seemed to promote the idea of allowing the Small Business Administration to lend directly to small business and not make small businesses go through local banks to obtain an SBA loan.  Clearly, the SBA needs fixing but this is not the […]

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