Biz Law Blog
The 2nd Circuit Court of Appeals in McNamee v. IRS, No. 05-6151 just affirmed a federal trial court’s determination that the owner of an LLC (limited liability company) can be held personally liable for unpaid payroll taxes. This is a significant decision, which may well be appealed to the Supreme Court.
Go [...]

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Ace got me thinking about Real GDP. He has a great piece about where the old media sets the bar, for Europe and for the United States.
I started digging and created two graphs.

This graph tries to illustrate the similarities and differences between this President’s economy and his predecessor. The major point that I take away [...]

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Dr. Cornwall reminds us of a number of issues in business that every business person should read daily.
Beware of the Growth Myth. Focus on growing profits, not sales! Too many entrepreneurs assume that profits always follow sales. This is not always the case. And even when profits do begin to follow sales, cash flow can [...]

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Bill Quick is beginning to persuade me that a recession is close, very close.

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NRO prints an interesting column criticizing current Federal Reserve policies. The current policy is to control inflation through rate changes.
I’ve been equally critical of the Fed’s policies based on the Greenspan induced recession that ended just after Bush took office in 2001. I am not at all certain that the Fed is managing inflation or [...]

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Apples and oranges time again for job growth analysis.

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Larry Kudlow thinks oil prices will drop, a lot.

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Analysis of latest oil import numbers

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Another of the Walmart battles being fought nationwide. More at the link. Note my bolded phrase.
Wellsville Daily Reporter
The commonly known Allegheny Alligator surfaced at the public hearing concerning the expansion of Wal-Mart in the village of Allegany Wednesday night.
David J. Seeger, a Buffalo environmental attorney well-know to Allegany County nuke dump fighters, attended the meeting [...]

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The Los Angeles Times has a good piece about the Dubai Port situation, that spells out reality. Not that this will change the fevered minds of most opponents of the P&O purchase.
Before getting the approval of the Committee on Foreign Investments in the United States, Dubai Ports World agreed to enforce the existing security standards [...]

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Energy Information Administration

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All I can say is that I wish these numbers had been available on Monday. Can you imagine what the vote would have been then?

Nonfarm payroll employment increased by 337,000 in October, and the unemployment rate was about unchanged at 5.5 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported [...]

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