Small Business BlogThe Bottom Line - Charles Cooper's insights about today's news

taxes

Voting With Your Feet: Entrepreneur Quits New York

Tom Golisano, founder and board chairman of Paychex, Inc., is pulling up stakes, leaving New York and heading to Florida. Why? Taxes. Golisano, one of the wealthy job-creators whose taxes support the State of New York, is withdrawing that support and voting with his feet. Somehow, it is hard to imagine that he is heading out alone.

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economy

Credit Card Overhaul Passes Senate

The US Senate has passed sweeping credit card legislation aimed at reining in an industry that most Americans love to hate. The question is, however, what will the industry do in response?

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financing

Pulling into Their Shell: Advanta Shuts Down New Credit Purchases

Advanta, the small business credit card company, is going to extremes to protect itself during these economic hard times. If you have one of their cards, you won’t be able to use it by mid-June. What does that mean for you and is this a harbinger of things to come?

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employment

Will Unionizing Your Business Help Rebuild the Middle Class?

Vice-President Joe Biden made an interesting comment. He declared that union growth is the way to rebuild America’s middle class. Is that true?

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politics

After the Bailout: GM to Increase Foreign Production

Now here is a real “rock and a hard place” quandary for the President and his Car Czar: GM plans to send more manufacturing jobs overseas once they reorganize. The rock is that if the jobs remain here, GM’s labor costs would rise, harming its ability to compete; the hard place is the utter outrage that would ensue if the automaker, after receiving billions of taxpayer dollars, is allowed to send the jobs out of the country.

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politics

The Other Side of the Chrysler Hedge Fund Fight

The President’s sharp words against those investment companies—he called them ‘speculators’—who refused his deal regarding the Chrysler bankruptcy, have been aired far and wide. Now, you should get the other side of the argument and decide for yourself who is right. In an open letter to the nation, Clifford S. Asness, the Managing and Founding Principal at AQR Capital Management, LLC, answers the President.

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economy

The New Language of Global Warming

With the way that economic and environmental issues are so powerfully linked together by this administration and this Congress, not to mention the way the issue of global warming is being reexamined and treated with growing skepticism, its no wonder that the environmental movement is coming out with a whole new lexicon to describe global warming and the economy-killing cap-and-trade energy taxes they want to impose to fight it.

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politics

US vs. Them in the Chrysler Bankruptcy

Chrysler is entering bankruptcy, which—along with its wayward big brother GM—it should have done a long time and billions of wasted dollars ago. That is the good news. The bad news, and a troubling glimpse into how the President sees capitalists, is that he has decided that those investors who didn’t like the deal he and his car czar were offering are nothing more than speculators.

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financing

When the FDIC Sells Your Loan

The FDIC is getting into the practice of bundling bad loans and selling them for pennies on the dollar. The question is, what can you expect if that happens to you and, more to the point, what can you do about it?

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politics

The Myth of “Green” Jobs

Going green is a very good thing; there is no question of that. Being eco-conscious is both responsible and can be lucrative as well. In fact, the Obama Administration is always talking about the coming “green” economy, which is to have all sorts of great jobs, business opportunities, collective benefits and so on. Sounds great, right? Problem is, it might not work.

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politics

And So It Begins: The EPA Gets into the Global Warming Act

The EPA has declared that the issue of greenhouse gas emissions and global warming is, for all intents and purposes, settled. Greenhouse gases, they say, pose a real threat to human health and therefore must be regulated. This begs the question of whether it science or politics that will be raising your electric rates as a result.

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customerservice

The Customer is Always Right, Unless He is too Fat

United is joining a few other airlines in demanding that obese passengers buy a second seat. Is this a good idea or simply rank discrimination?

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employment

Someone's Gotta Go

In the spirit of the current and ongoing economic slump, Fox television is rolling a new reality series based on laying people off. What's next, “Bowling for Welfare?”

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politics

GM Human Resources: Obama Style

There is an old adage: Beware what you wish for, you might get it. Well, the hope-wreathed wishes for change are coming to fruition as the President takes one unprecedented step after another. Over the weekend, he ordered the departure of General Motors' Chairman and CEO, Rick Wagoner, ostensibly as part of the effort to save the century-old automaker. There needed to be a shake-up at the top of GM, no question, but the real issue is the fact that the President did this at all.

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safety

In Defense of the Workplace

An incident at a Florida Burger King raises the question of how to deal with an armed robber coming into your business. What would you do?

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