Small business in USA is left all alone and have never had a harder time getting a loan, prominent banking analyst Meredith Whitney wrote today in her WSJ website column.
“Why do small businesses matter so much? In the U.S., small businesses employ 50% of the country’s workforce and contribute 38% of GDP. Without access to credit, small businesses can’t grow, can’t hire, and too often end up going out of business. What’s more, small businesses are often the primary source of this country’s innovation. Apple, Dell, McDonald’s, Starbucks were all started as small businesses.“ -Whitney wrote. Read the rest of this entry »
The new Bulgarian government should not look for an IMF loan, U.S. economist Steve Hanke said. Hanke, Professor of Applied Economics is described as “Father of Bulgarian Currency board”. Hanke added that he expects better budget deficit figures, than previously estimated.