stimulus

Penny pinchers have put even the all-powerful Chinese central government on its back heel

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Penny pinchers have put even the all-powerful Chinese central government on its back heel

China’s local governments, long the engines of infrastructure-driven growth, have turned into reluctant **penny pinchers** amid a crushing debt overload and plummeting revenues from the property slump. This widespread austerity at the provincial and municipal levels is now putting unprecedented pressure on the **all-powerful central government**, forcing Beijing into a delicate balancing act as it … Read more

Small Business Loan Update – Stimulus Bill Helps Bailout…

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As we continue to dutifully sift through the more than 1,000 pages of the stimulus bill (the American Recovery and Reinvestment Act of 2009), there’s one provision that isn’t getting much attention, but could be very helpful to small businesses. It is possible If you’re a small business and you’ve gotten an SBA loan from … Read more