Fact of the Week

August 30th, 2017 by

by Raymond J. Keating- Second quarter real economic growth was stronger than initially reported, as explained in the second estimate from the U.S. Bureau of Economic Analysis released on August 30. There were two pieces of good news that bumped growth up from an original estimate of 2.6 percent to 3.0 percent. First, personal consumption […]

August 2nd, 2017 by

Entrepreneurs and small business owners, sign the Petition for Tax Reform in 2017! by Raymond J. Keating- Discussions about tax reform are heating up, and that’s good news for entrepreneurship, small business, workers and the overall economy. The last time we saw tax reform was in 1987. Since then, the U.S. tax system certainly has […]

May 17th, 2017 by

Damaging to Small Business Growth, Competitiveness and Investment by Raymond J. Keating- As the tax reform debate proceeds, it’s important to understand that the U.S. currently imposes one of the highest corporate income tax rates on the planet, and that rate affects small companies as well as large firms. Consider some key points, based on […]

May 5th, 2017 by

  by Raymond J. Keating- The Bureau of Labor Statistics served up April jobs numbers on May 5, 2017, and the numbers were a mix of some positive news as well as some persistent concerns. Let’s consider 5 key points: 1)Nonfarm payrolls increased by 211,000 in April. That was up from a poor showing of […]

April 21st, 2017 by

  by Raymond J. Keating- Two notable takes on the economy were served up this week. Let’s take a quick look at key points from each. Manufacturing Production Off. For March, industrial production (which measures the real output of the manufacturing, mining, and electric and gas utilities industries) rose by 0.5 percent. But that was […]

March 31st, 2017 by

  by Raymond J. Keating- The February personal income report from the U.S. Bureau of Economic Analysis offered a few numbers that warrant concern for early 2017. First, real disposable income (i.e., personal income less personal current taxes, which is the amount of income left for spending, saving and investing) rose by 0.2 percent in […]

March 17th, 2017 by

by Raymond J. Keating- According to the latest industrial production numbers released by the Federal Reserve on March 17, while production in the overall industrial sector was flat for February, both manufacturing and mining output rose solidly. The big negative in industrial production came on the utilities front – with output there dropping by 5.7 […]

February 8th, 2017 by

By Raymond Keating- For the 21st year, SBE Council has published its Small Business Policy Index, which ranks the 50 states based on their policy climates for small business and entrepreneurship. The Small Business Policy Index: Ranking the States on Policy Measures and Costs Impacting Entrepreneurship and Small Business Growth is based on 55 different […]

January 28th, 2017 by

By Raymond Keating- Imposing additional regulatory costs on entrepreneurs, businesses, investors and banks was a hallmark of the Obama administration. Early signs from the Trump administration point to a major shift in direction on regulatory policy. My recent report on regulation – Regulation: Costs, Incentives, and the Need for Reform — included assessments of regulation […]

December 20th, 2016 by

We all know how critical the elves are to the entire Santa Claus Christmas operation. Indeed, elf productivity is legendary. However, even Santa and his elves could not accomplish all the gift-producing and gift-giving on their own. Make no mistake, small businesses are critical helpers to Santa Claus. For example, when you look at the […]

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