Word: scheme
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...Lanka's economy, particularly in the north, which has suffered not just war but two decades of neglect. Aside from an application for an IMF loan, Rajapaksa's only major economic initiatives are a $1 billion port in his hometown in the south and a $26 million loan scheme for small businesses in the north, both of which, critics say, may be politically popular but are unlikely to make an economic impact. Muttukrishna Sarvananthan, principal researcher at the Point Pedro Institute of Development, notes that Rajapaksa has so far failed to explain how he will generate enough growth to sustain...
This is no get-rich-quick scheme. But eHow.com whose popularity has soared during the recession as DIYers seek advice on topics like "How to Run Bathroom Plumbing," will pay any Joe Blow for content. All writers are welcome, regardless of expertise or ability to string sentences together. Since 2007, the site has paid its Everyman scribes more than $1 million. A single how-to might net all of $20 a year, but the prolific can earn much more. Maria O'Brien, a stay-at-home mom in northern Virginia, has written 367 (and counting) articles, for which eHow deposits...
...surprisingly, the scheme has accounted for more than half of all new companies founded thus far this year. "The auto-entrepreneur plan has been an impressive success, beyond what we'd been counting on," says Hervé Novelli, secretary of state for small- and medium-size businesses...
...there are some caveats to the scheme's success. First, it's primarily aimed at individuals who already have jobs or unemployed or retired people who yearn to try their hand at a service they think might find a market. Because of that, new companies created by auto-entrepreneurs start out as single-person operations and usually as part-time or moonlighting ventures. If business starts booming, neophyte owners seeking to expand by taking on employees have to register under the normal labor regime, which means assuming the taxes and salary-linked social charges that prove so dissuasive to many...
...average, are age 40. About 33% are salaried employees starting up a sideline business, 25% are unemployed and 6% are retirees. Later this year, the program will take private enterprise to the public sector by opening auto-entrepreneur to civil servants. If it continues at its current pace, the scheme will prove that France not only has a word for entrepreneur, but also a growing army of people it fits. Read "Much Greater Paris...