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4/29: Trump v. Biden, Rasmussen Reports |
Approve 42,
Disapprove 55 |
B |
4/28: Trump v. Biden, Federalist/Susquehanna |
Trump 46,
Biden 48 |
H |
4/28: Trump v. Harris, Federalist/Susquehanna |
Trump 46,
Harris 49 |
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QUICK CLICKS
Speaker Pelosi in Ukraine, Student Loan Debt Doubts, Obama's Ministry?
World:Â Pelosi makes unannounced trip to Kyiv, becoming highest-ranking US official to meet with Zelensky since the war began (CNN)
US:Â Former top Pence aide: Forgiving student loan debt an âasinine policyâ (The Hill)
US:Â Tulsi Gabbard suggests Obama behind 'Ministry of Truth,' says Biden just 'front man' (Fox News)
World:Â Russia strikes U.S. weapons at airfield near Odesa, defence ministry says (Reuters)
World:Â Hacktivists and cybercriminals wreak havoc in Russia (WaPo)
US:Â Firefighters battling New Mexico blaze brace for wind (AP)
US:Â GOP strong on crime, boosted by trust in inflation: POLL (ABC)
US:Â Trevor Noah Holds Nothing Back in Brutally Funny White House Correspondentsâ Dinner Roast (Daily Beast)
US:Â Bill Murray responds to âBeing Mortalâ complaint: âI did something I thought was funny, and it wasnât taken that wayâ (Daily News)
US:Â Biden calls former VP Mondale 'giant' of political history (AP)
US:Â Country singer Naomi Judd dead at 76 (The Week)
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ECONOMY
The State of Small Business
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RIGHT-LEANING SENTIMENT
Inflation and Crime Crush Small Businesses, Who Are Looking to Expand
- While the nationâs economy may be cooling overall, small businesses remain in expansion mode, especially when it comes to hiring.
- Small businesses drive Americaâs larger economy, but elected officials are failing to provide conditions in which they can thrive.
- Politicians and pundits who downplay the effects of inflation are out of touch with consumers and likely never ran a business.
âMore Jobs and More Raises at Small Businessesâ James Freeman, Wall Street Journal Opinion: âThe US economy is sending mixed signals but the consistent message from small firms is an intense desire to hire. Jobs increased and so did compensation in March. Thatâs according to the latest monthly employment survey from the National Federation of Independent Business ⊠Small firms added an unspectacular 0.16 worker per firm in March, but this number is definitely moving in the right direction. ⊠Owners would be happy to add many more workers if only they could find them. ⊠The labor shortage is especially acute in transportation, construction and manufacturing. Warehouse firms also have a wealth of open positions. ⊠The NFIB data also show that despite a number of recent signs that the economy is cooling and a consensus among professional economists that weâre headed for mediocre growth, the appetite to expand the workforce remains healthy among small firms.â
âSmall business owners keep America runningâ Mick Rich, American Thinker: âThe biggest challenges that small business owners face were created by national and local governments. Â These challenges include our broken justice system, unsafe neighborhoods, the homeless crisis, a failed education system, an ill equipped health care system, a convoluted tax code, burdensome regulations, out-of-control inflation, and worker shortages. Criminals prey upon small businesses without fear of prosecution. Â Our firm has had over $100,000's worth of trucks and equipment stolen. Â Despite some of the thieves being caught by the police with the stolen equipment, the district attorney never prosecuted the criminals. Â Today, police are just the first step in filing an insurance loss form, not the first step in prosecuting the criminals. Police have left small businesses to defend themselves. Â Our firm, like many others, spends thousands of dollars on security monitoring systems with an armed response capability, security cameras, and tracking devices for equipment and vehicles.â
One more opinion piece from the Right: Inflation Is Eating Away at the Heart of America's Small Businesses Salena Zito, Real Clear Politics
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LEFT-LEANING SENTIMENT
Close Gaps in Healthcare and Business Education To Promote Equity
- As the economy looks to recover from the pandemic, the nation has an ideal opportunity to promote equity among small business owners.
- One of the biggest challenges facing small business owners is providing health insurance, and government assistance is vital.
- Close to half of all small businesses fail within five years of launch, but better financial education could increase the chance of success.
âPrioritize small-business racial and gender equity as part of economic recoveryâ Mike Fong, Seattle Times Op-ed: âSince the start of the pandemic, the U.S. Small Business Administration (SBA) has worked to save the nationâs small businesses. ⊠Unforeseen circumstances are a fact of life for small business owners and entrepreneurs, but nobody anticipated the worldwide upheaval we have experienced since the first confirmed COVID-19 case in our country ⊠Recently, a new report found that during the pandemic, historically underrepresented communities were disproportionately likely to experience closure, revenue decline, or a reduction in customers than other businesses. Undoubtedly, these findings are tied to pre-pandemic realities faced by Black, Latino and women-owned businesses that were magnified during the public health crisis. ⊠ââWe have demonstrated that under extraordinary circumstances, we can knit together an incredible safety net for our community during the COVID-19 crisis. I know we can do the same with intentionality in advancing equity as we build back better.â
âWhat I wish Iâd known about health insurance when starting a businessâ Matt Morning, Reno Gazette Journal Opinion: âI am relatively healthy and thanks to the Affordable Care Act, I had been able to stay on my parentsâ insurance until I was 26. After that, I was focused on hustling and growing my business. Premiums, deductibles and co-pays were not necessarily at the top of my list of priorities. I only had one other employee at the time and offering benefits of any kind just wasnât in the cards for me ⊠Through Nevada Health Link, I was able to access federal subsidies that actually made insurance affordable for my family while I was still growing my business. ⊠Luckily, in the last few years, my business has successfully grown to a place where I am able to offer coverage to my employees, something that gives me pride â but also feels like how the government should be supporting entrepreneurship.â
One more opinion piece from the Left: Why financial literacy matters for small business owners Sunshine Foss, AM New York Metro
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FLAG THIS
More Small Business Owners Face Closure as Inflation Soars
A poll released just last week shows small business owners are increasingly worried about their ability to keep the doors open, with inflation and other difficult economic conditions cited as the reason.
More than a third of all owners have considered shutting down in the past 12 months. Over 40% say rising prices have had a âsignificant impactâ on their business (NEXT Insurance).
In late March, 500 of the countryâs small business owners were surveyed in an opinion poll â 83% strongly or somewhat agreed that small businesses want a more equitable playing field with larger corporations (Small Business Majority).
Flag Poll: Are US small businesses held back by large corporations? Join our discussion here.
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FLAG FINDS
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WATERCOOLER
Nessie Gets Published, Laser Focus, Tasteless Gold
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On May 2, 1933, the modern legend of the Loch Ness Monster was born when a sighting makes local news. The newspaper Inverness Courier relates an account of a local couple who claim to have seen âan enormous animal rolling and plunging on the surface.â Above is the infamous "Surgeon's Photograph" taken a year later, which is now regarded as a hoax.
Science Focus:Â Be more productive: A neuroscientist explains how to get more done in less time
InsideHook:Â What Happened to All the Limos?
The Washington Post:Â What to do if you lose your phone and canât access your accounts
Today I Learned gold has no discernible flavor. The fad of adding edible gold to expensive food items does nothing in terms of taste and is more of a gimmick than a way to create a unique flavor.
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Itâs pretty much a reality, it takes money upfront to make money in the future. Big corporations have the ability to expand rapidly due to their immense resources and prior loan paybackâs and stock market backers. Iâm all for helping small businesses get started but, whatever the government loans them must be repaid otherwise weâre throwing money down the tube for something that has no future sustainability. Otherwise, known as whatever the small business is providing is not what the public is looking for and thatâs just how things should work in a Capitalistic society. The best survive, the ones who make profit and those that do not fade away. Iâm not sure why liberals disagree with this philosophy since they are the ones who believe in evolution which states âsurvival of the fittest.â
Small business is not being held back by anything other than, inflation, high crime, and a broken supply chain. But these problems are hard to solve so the Administration will likely focus on blaming big corporations, Trump, Putin, and a lack of gender and racial equity of outcome. But donât look for any meaningful action to solve the underlying problems.
I agree with Tim below that it takes money to make money. As the wife of a person who started his own business and was turned down the ability to borrow from specific banks in our area because we had a ânegative net worthâ, I agree definitely yes, there is no equity along the lines not of race or gender, but of power and income levels. Large corporations get roads built for them, stadiums built for them, and a lot of other things handed to them by local governments and even up to the federal government. Small businesses donât have the ability to float on taxpayer money as the larger ones do. An update â we borrowed out of state and all our debts eventually were paid off- including small business loans, school loans, mortgage (variable-rate 14.5% â you had to have money to get a better deal in the 80s), and car loans â there was no AOC trumpeting forgiveness for our loans and we didnât expect that. Because we paid off loans and were given nothing by the governments, we did just okay but did not make what the large corporations do comparatively and certainly not the outrageous amount of money that people who never bothered to start their own business think we made and have some kind of mental image of what you face. Itâs tough. And you are on your own â especially if you are poor and not supposed to be because you were not declared needy due to race or gender.