A weekly roundup of small-business developments.
What’s affecting me, my clients and other small-business owners this week.
The Big Story: A Shift in Europe
France simmers, Greece boils and an economic crisis threatens Europe’s “storied way of life.” Spain owns up to its banking mess. Jeff Miller says no one should panic. Richard Bailey explains why the euro zone is undergoing a seismic shift. And maybe there is a reason France has so many 49-employee companies.
The Economy: The President Makes a List
Catherine Rampell reports that men are participating in the work force at lower rates, but Mark Perry believes the decline in participation may not be as bad as reported. A study finds that employee turnover in the retail industry is increasing. Job openings have risen to their highest level since 2008. Michael Sivy says there are three reasons there aren’t more jobs, including “corporations are not using their profits to hire additional workers.” Joshua Rauh and Robert Novy-Marx say that state and local governments face a $4 trillion pension shortfall. President Obama gives Congress a to-do list. John Aziz says Treasury bonds are so overbought that they are producing negative real yields.
Data: Optimism Up, Beer Down
An infographic from Paychex shows the big impact
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