Archive | Business

Congress Has Six Weeks to Avoid Debt Ceiling Crisis

On Monday, Treasury Secretary Jack Lew gave Congress until the middle of October to raise the U.S. debt ceiling, or risk a possible debt default. This means that the rate of currently authorized spending will drive the U.S. debt above the $16….

Read the full story

Posted in EconomyComments Off

Your Credit Score Can Affect Your Love Life

If you’re looking for love, you might need a good credit score to settle down. A recent survey from FreeCreditScore.com revealed that a good credit score is a big deciding factor for women and men in the dating realm these days. More women tha…

Read the full story

Posted in FinanceComments Off

Closing for Holidays – Must You Pay Employees?

You decide to close your business on Labor Day. Or any holiday. Do you have to pay employees for that day? The answer is, no. No federal or state law requires you to pay for holiday time off.   But…

You do have to pay employees for holidays if:

  • They are salaried. You aren’t really paying them for the holiday, because you pay them monthly. But you can’t take away pay from these employees if you are closed on a holiday, if they worked during the week of the holiday.
  • You put paid holidays in writing. If you have an employee handbook or policy manual that lists paid holidays, don’t try to get out of paying for holidays.
  • Your company has a government contract which requires holidays be paid.
  • Your employees are working under a labor contract that specifies paid time off for holidays.

You can pay some employees for holidays and not others, depending on their status. For example, you can state in your employee handbook that full-time employees receive holiday pay but part-time or temporary employees do not. Or you can pay part-time employees a pro-rated amount for holidays.

Most employers pay for holiday time off for at least some employees; it’s a good business practice not to do less than what other employers are doing.

If your business needs employees to work on a holiday, you must pay them. There is no specific federal or state law that requires you to pay extra for holiday work, but most employers pay extra, some at “double time.”

More on holiday pay practices from About’s Human Resources site.

Source: About.com

Read the full story

Posted in EconomyComments Off

VA Paid Incompetent, Missing Doctors Bonuses

The Department of Veterans Affairs (VA) paid bonuses to many of its doctors even though they had been disciplined for incompetent performance and negligent patient care, according to a report from the Government Accountability Office (GAO).

I…

Read the full story

Posted in EconomyComments Off

Bliss Fuzz Off

Review: The Pitch Season 2. Episode 2 – Bliss

Have you heard of Bliss? They specialize in beauty products, and spa treatments. It was a new one on me, but I guess some people know them very well. This week, it was the turn of two more agencies to battle it out, and Bliss was the client….

Read the full story

Posted in BusinessComments Off

A “Nudge Squad” Comes to the U.S….

A few years ago, David Camerson created a Behavioral Insights Team within the U.K. government in order to better understand people’s decision making processes and, in some cases, “nudge” them towards making better decisions. (The term “nudge”…

Read the full story

Posted in EconomyComments Off

A Handy Guide for Finding Your Economic Soul Mate…

No, I’m not talking about a Match.com specifically for economists. (That would be both amazing and terrifying.) Instead, a clever economist with a knack for web programming used the questions posed to the IGM Forum Economic Experts Panel to …

Read the full story

Posted in EconomyComments Off

This Is What Happens When People Don’t Take Econ 101…

Anyone who understands that basics of supply and demand gets that an increase in supply, in which more of a product is available at every possible price than before, is going to cause a surplus in the market at current prices and will therefor…

Read the full story

Posted in EconomyComments Off

Monetary Policy, Interest Rates, and Investment Bubbles…

One of the main criticisms of using expansionary monetary policy to try to stimulate economic activity during a recession goes something like this: The purpose of expansionary monetary policy is to lower interest rates in order to encourage …

Read the full story

Posted in EconomyComments Off

Durable Goods Down 7.6%, Signaling Economic Soft Spot

Business orders for aircraft, machinery and equipment fell 7.9% in July, adding up to just  $226.6 billion. This was largely driven by a 52.3% drop in orders for commercial aircraft.  However, even when this was stripped out, orders for non-transportation durable goods were down .6%.  Nondefense capital goods orders, for just machinery and equipment, also fell 3.3%.These disappointing numbers means that the economy may have hit a soft spot, and signals that businesses are hesitant about purchasing expensive equipment.

However, this downturn follows three months of strong growth:  3.9% in June,   5.5% in May, and 3.6% in April’s 3.6%.

Shipments of previously ordered durable goods were down .3%. July is the first month in the third quarter, so this is not good news for the future Gross Domestic Product (GDP) report. Shipments are an important component of the nation’s economic growth. (Source: Census Bureau, Advance Report on Durable Goods, August 26, 2013)

How This Affects You

The only goods news is that July’s downturn followed three months of strong growth. Therefore, it could just be a temporary soft spot, and August orders could return to the long-term trend. Nevertheless, it’s important to keep an eye on it, and to remain cautious. The durable goods report is the most important leading economic indicator for future GDP growth.

Related Articles

  • Durable Goods as a Component of GDP
  • Other Leading Economic Indicators
  • Types of Manufacturing Jobs

Connect with: NEWSLETTER | E-COURSE | TWITTER | GOOGLE PLUS | FACEBOOK

Source: About.com

Read the full story

Posted in EconomyComments Off

See Fresh News

From Around The World

News By Month

News By Date

October 2017
M T W T F S S
« Sep    
 1
2345678
9101112131415
16171819202122
23242526272829
3031