Major Developments Major Developments by Calendar Year

June 24, 2010

Impact of Health Care Reform Bill on Small Businesses

Filed under: Small Business — Tags: , , — Winson @ 6:39 AM

Senate recently approved the health care reform bill. The state senate said that the health care legislation enhances economic growth by providing small businesses with immediate health care cost relief they need to retain and create jobs.

A study released by the UC Berkeley Center for Labor Research and Education survey stated that small bussinesses with less than 50 employees account for 44 percent of the state’s total uninsured working population.

The Health care reform bill provides a lot of benfits to employees of small businesses as well as helps small business, which are facing some finacial problems by providing loans. small-business owners from california may get benefits of health care reform first as billions of dollars in federal tax relief becoming available to help them purchase medical coverage for their employees.

It is estimated that the legislation delivers a premium relief of about 10 to 15 percent for small businesses to save and reinvest in themselves and their workforce.

April 1, 2010

The U.S. Internet Economy

Filed under: 2010 — Tags: , — Winson @ 8:52 AM

The United States overtakes other nations in the count of .com addresses with nearly 63 million active .com domain names in 2009. The United States has encountered rapid growth in enrolled .com domain names in the past decade. In between 1999 and 2007, the number of enrolled .com domain names in the United States was raised by 1,300 percent. In 1999, there were approximately the same number of firms in the United States as .com domain names, but by 2007 that number had increased to 9 .com domain names for every single enterprise. Clearly some part of .com domain names are for personal blogs or others are not-for-profit sites, the rate at which the number of .com domain names has grown clearly shows that they are very essential for most of the 21st century businesses.

The geographic organization of the dot-com economy across the United States is quite different. Forty-four percent of .com domain names in the United States are enrolled to addresses in five states, California, New York, Florida, Texas, and Illinois, which collectively comprises of less than one-third of the U.S. Population. But, Nevada, Virginia, Arizona, Utah, and Washington direct the nation in the number of .com domain names as a part of overall enterprises. The number of domain names per firm differs considerably by state across the country. Nevada consists of 6.5 times as many domain names per firm as that of lowest ranking state, South Dakota.

There is logically strong relationship between states consisting of number of domain names per firm and states with high comprehensive broadband deployment. Between 2004 and 2007 the average number of domain names in states nearly became twice from 242,000 to 400,334, indicating that all states are playing major role in the dot-com economy.

March 18, 2010

Barack Obama Creates Budget Deficit Taskforce

Filed under: Politics — Tags: — Winson @ 7:05 AM

President Barack Obama has prepared a taskforce to deal with the growing US budget deficit. The task force body will summarize on what steps should be taken to attain the deficit down to 3% of GDP. This 2010 year’s deficit is supposed to increase to 10.6% of GDP. Last year it attained 9.9%, the highest rate from World War II.

The US budget deficit for the year cessation 30 September 2009 was $1.415 trillion (£907bn). It is suspected to hit a record $1.56 trillion in 2010. President Obama has organized the bi-supporter taskforce after plans for a congressionally-accepted body were frequently poosed by Republicans in the Senate. A congressionally-appointed commission can have high power to necessiate lawmakers to vote on its approvals.

The huge size of the deficit is due to the impact of a extreme recession, which has decreased government tax receipts, and raised spending on programmes like unemployment insurance and food stamps. Government finances were also influenced by the billions of dollars forced into the economy in 2008 to support the banking system.

March 10, 2010

Automobile Industry Suffers Recession

Filed under: Business — Tags: , , , — Winson @ 3:29 AM

Recession started to effect on global scale economy from the mid of 2008. This resulted in declining automobile sales and triggered widespread automotive industry crisis. This recession majorly affected the US automotive car industry. Many US car manufacturers face the problem of bailout and restructuring.

As per the New York Times, recession occurred mainly to US car industry because of bad business practices by “Big Three” U.S. automakers. These are:

  • General Motors
  • Ford
  • Chrysler

This fact can be justified by the example of Asian car manufacturer. These foreign-owned car companies also manufacture automobile in US and experienced no such problems. They have deep pockets and ample credits.

Because of following reason the US Big Three suffered in the recession:

  • Expensive automobile fuels price in the 2003-2008 oil crisis led to turn from SUV’s (sport utility vehicles)
  • High labor costs and their other counterparts like salaries, benefits, healthcare, and pensions.
  • Uncompetitive cost structures

The year 2008 heavily destructed the US automobile industry.

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