Word: businessese
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Economists and other experts say it's critical that small businesses recover for the broader economy to truly rebound. "Smaller firms, with fewer than 20 employees, account for 25% of all jobs, but they generated 40% of the [job] growth in the last expansion in 2001," says Brusuelas. He believes...
"If you can get small businesses train or hire employees, that's going to impact the jobless rate," concurs White.
Brennan isn't convinced a tax credit for new hires will work. "I don't have any work for someone, so giving me a $5,000 tax credit to hire someone and pay them $40,000 a year with health benefits and vacation, that's $60-grand. Do the math...
See which businesses are bucking the recession.
French President Nicolas Sarkozy has spent the past year hammering away at the excesses of American-style capitalism. In September, European Commission President Jose Manuel Barroso declared that workers' rights and "social cohesion" were top priorities on the Old Continent. And Italy's veteran Economy Minister, Giulio Tremonti, went out...