Five Lessons from the JPMorgan Chase Crisis

The banking community was having plenty of image trouble as it was, so JPMorgan Chase did the industry no favors when it was discovered that the firm’s trading department lost at least $2 billion in a series of derivative trades earlier this year. As if $2 billion is...
Overtime Pay: Who Qualifies?

Overtime Pay: Who Qualifies?

Just when you think you know the answer, someone changes the question. Rules regarding overtime pay, which were fairly stable and consistently applied for decades, are suddenly subject to a great deal of attention. At issue is exactly which employees, based on job...
Why Bank Failures Matter to Your Business

Why Bank Failures Matter to Your Business

Bank failures don’t dominate the financial headlines like they did two years ago, but they still occur frequently enough to send negative ripple effects through the economy. In mid-March, regulators shut down two banks in Georgia and Illinois, marking the fourteenth...
The Election Year’s Magic Number

The Election Year’s Magic Number

One theme that continues to appear in these postings is that decision makers, especially those in the business community, hate uncertainty. More information is always better than less, and that includes information about matters outside of your control. Not knowing is...
Repealing Okun’s Law

Repealing Okun’s Law

Whether or not your company has brought new employees on board recently, it’s worth noting that 2011 ended on a positive note on the jobs front, as U.S. payrolls added a net 200,000 positions in December alone. Even with seasonal adjustments and allowances made for...
Small Business, the SBA and the Kids’ Table

Small Business, the SBA and the Kids’ Table

Remember the kids’ table at family holiday dinners? That’s where you were exiled until something – an illness, geography, the passing of an elderly family member, etc. – created an opening at the adult table. Heck, I didn’t make the adult table until I was 35. The...
Will the Euro Debt Crisis Impact Your Business?

Will the Euro Debt Crisis Impact Your Business?

The Euro Debt Crisis – which refers to the difficulties experienced by countries in the region trying to make payments on their bonds and other debt obligations – has become a sort of “go to” story for editors of newspaper business sections. That’s appropriate, of...