Many small business owners are unable to offer their employees retirement savings plans because they are overwhelmed with concerns regarding current regulatory issues and fiduciary responsibilities. This situation has become more critical in the past decade. The Federal Reserve issued a report last year showing that less than half of all private sector employees are…
If one wonders whether the sharing economy is here to stay, one piece of data from “The Economist” will easily answer that question. In March 2015, more than 250,000 rooms were booked by 40,000 people in 192 countries across the globe through Airbnb. Airbnb provides individuals with the ability to rent or “share” their home,…
After months of speculation as to when the party was about to end, everything changed on Aug. 21 with steep declines in U.S. markets, followed by a rollercoaster ride that saw the Dow Jones Industrial Average (DJIA) start the trading day on Monday, Aug. 24 off by more than 1,000 points. Major ups and downs,…
For several months, the Federal Reserve Board has hinted that it will begin to raise the target range for the federal funds rate when it sees progress toward its objectives of maximum employment and 2 percent inflation. Many experts believe that rate hikes are likely to begin before the end of the year. Over the…
The Congress at Work series of articles is designed to give you a glimpse of various types of legislation currently under consideration. While either the Senate or the House of Representatives may initiate a bill proposal, be aware that many bills never become law; they may never make it out of committee, be blocked by…
