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Turkey launches trade center in Chicago   Turkey set up a trade center on Jan. 8 in the U.S. city of Chicago to expand Turkish exporters’ network and to ensure products exist in target countries with their name, brand and quality. “The U.S. is among 44 countries where we broke an export record last year,” Turkish Trade Minister Ruhsar Pekcan said during the online opening ceremony. “Now, the important thing is to make this momentum we have achieved with the […]

Even as the economy shrank because of Covid-19, the small-business startup rate stayed steady. Between May and June, more than 930,000 new businesses were started, a small increase from the second quarter of 2019’s 910,000 small-business launches. And over the past three months, more new businesses were launched in the U.S. than in any quarter in history. Between June and September, nearly 1.4 million startups were founded, a 49 percent increase over the second quarter–and a 67 percent […]

Here are some sombering facts: Americans engaged in R&D has jumped by more than twentyfold since 1930 while their collective productivity has dropped by a factor of 41. A study found a fraction of firms where research productivity — as measured by growth in sales, market capitalization, employment and revenue-per-worker productivity — grew decade-over-decade since 1980. But overall, more than 85 percent of the firms showed steady, rapid declines in productivity while their spending in R&D rose. So many game-changing […]

Is Remote Work More Productive and Better? Not so says Stanford professor on the new remote work economy: A ‘productivity disaster’ and ‘ticking time bomb for inequality’.   One of the biggest changes brought on by the coronavirus pandemic has been the inundation of working from home — and it doesn’t come without challenges. The biggest issues with remote work are; One, employee engagement. and Two, having the set-up and space for proper work.   Here is the article link […]

More millennials regret college debt as pandemic kills their jobs by Jay Heflin, Business Editor |  | October 08, 2020 11:00 PM Since the pandemic hit the country, a growing number of millennial college graduates regret going into debt to pay for their education. Over a quarter (26%) of millennial college graduates said their college time “definitely” wasn’t worth their student […]

An article from HBR of a subject which comes across very often: Can Entrepreneurship Be Taught in a Classroom? The simple answer, by the way which many tend to shy away from for fear of getting bludgeoned and attacked by academia is: NO There is plenty of  skepticism regarding whether one can learn entrepreneurship in a business classroom setting. Decision making process in true entrepreneurship involves disruptions of the usual business rules, norms, and analytical models. When one looks at […]

The administration disclosed the names of many small businesses which received loans under a program intended to blunt the economic damage from the coronavirus pandemic. The disclosure comes amid demands for more transparency around the Paycheck Protection Program, or PPP, funds established as part of the $2 trillion CARES Act, which was signed this spring. https://sba.app.box.com/s/tvb0v5i57oa8gc6b5dcm9cyw7y2ms6pp     &nbsp […]

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Taxpayers can use IRS Select Check tool before Donating  | Internal Revenue Service Giving Tuesday is an annual event celebrated the week after Thanksgiving to kick off the season of charitable giving. Taxpayers making donations may be able to deduct them on their tax return. As people are deciding where to make their donations, the IRS has a tool that may help. Exempt Organizations Select Check on IRS.gov is a tool that allows users to search for charities. It provides […]

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