Local arts groups hit by recession (Inside Business)
(Free once you register) Since the arts are seen more as a luxury than a necessity, they are first in line for job and production cuts and smaller budgets. Arts groups depend on contributions and government largesse. In tight times, such as the state’s $2.9 billion budget shortfall and the battered economy, the ax falls first on these organizations. Grants are shrunk while contributions diminish.
Economy Strains Under Weight of Unsold Items (Washington Post)
The unsold cars and trucks piling up at dealerships and assembly lines as consumers cut back and auto companies scramble for federal aid are just one sign of a major problem hurting the economy and only likely to get worse. The world is suddenly awash in almost everything: flat-panel televisions, bulldozers, Barbie dolls, strip malls, Burberry stores
Barter Fits the Bill for Strapped Firms (WSJ)
As small businesses find it impossible to borrow money and customers are slower to pay bills, the barter economy is becoming a crucial way for many companies to find the cash they need to keep operating.
Protecting Your Personal Assets (Business Week)
As an entrepreneur, you’ve put a lot on the line. So take a few steps to protect your assets if your business should fail or get sued.
New Tax Tips for Businesses (Entrepreneur)
Recently, the IRS released a list of 11 important changes that affect business tax returns for 2008. A few key changes: