Lack of Capital for Small Business Prevents Economic Recovery

A dangerous trend is hindering the financial growth of small businesses and our economic recovery on a national scale: young firms feel that banks have increasingly denied loans or credit to them, with 2009 standing out as a banner year for the sentiment that tougher lending restrictions are curbing growth.  Research released by Kauffman Firm Study (KFS),...

Recreating Our Economy: The Untapped Power of Community Wealth Building

We have before us an incredible opportunity to transform our economy. The disastrous turn our fiscal health took in 2008 has forced us to really think about the way our country creates and distributes wealth. One positive outcome of the recession is a zeal and enthusiasm around the idea of community wealth building, a sustainable approach to building and...

How to Create Jobs for the Next Generation

Unemployment is bad, and our progress in creating new jobs has been unacceptably slow. Youth unemployment is often where the problem is worst, and it’s becoming a global phenomenon with 20 percent of British youth and 40 percent of Spanish youth unable to find jobs. The labor force in the developing world, not including China with its one-child per family...

“Move Your Money” and Help Your Local Community

It’s been 64 years since George Bailey and his friends and neighbors saved his community bank in the classic “It’s a Wonderful Life.” Today, the desire and need to save local communities is just as important and urgent as it was in that wonderful film. In fact, one grassroots movement has empowered an estimated two million people to succeed...

Time to Try Something New? Job Creation in the United States Hits 29-Year Low

America’s largest companies are, more often than not, contributing to a disastrous trend: a decline in job creation. When compared to 2006, in 2009, there was a 25 percent decrease in overall job creation and a 34 percent decrease in job creation among startups. These are the lowest levels in nearly 30 years (US Census Bureau). One might wonder, then, why...

Watch Out State Legislatures, There’s a New Evil Force in Town

You’ve probably never heard of ALEC, but depending on where you live, you may be living under the state laws they made possible. ALEC – which stands for the American Legislative Exchange Council –  secretly exerts incredible influence on how your state laws are made. Big business, not satisfied with controlling federal public policy, buying politicians...