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January 22, 2013
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Business Finance Today 
 
  • U.N. agency expects record-high unemployment worldwide
    Global unemployment will exceed 200 million this year, a record high, despite economic improvement, according to the International Labor Organization. The U.N. agency says it expects joblessness to increase by 5.1 million people. Reuters (1/21) LinkedInFacebookTwitterGoogle+Email this Story
  • China looks abroad to lift mainland markets
    With a dearth of investors domestically, China is reaching out to foreigners with fresh batches of Qualified Domestic Institutional Investor quotas. And they're getting a warm reception, as investors see opportunities in an undervalued market. Meanwhile, a poll of Chinese securities brokerages finds an upbeat mood for the near term, with expectations of an improving economy and rising investor confidence. China Daily (Beijing)/Xinhuanet (1/21), The Wall Street Journal (1/20) LinkedInFacebookTwitterGoogle+Email this Story
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Your Bottom Line 
  • Mixed signals are seen on lending environment
    Some lending indexes have shown that the climate for small-business lending is improving, but not every piece of data is positive. For example, the IFA/BoeFly Franchise Lending Index showed a month-to-month decline in lending in October, but it also revealed a 2.55% uptick in lending on a year-over-year basis. Business Finance (1/21) LinkedInFacebookTwitterGoogle+Email this Story
  • SEC chief to push for Dodd-Frank, JOBS Act rules
    Securities and Exchange Commission Chairwoman Elisse Walter says rule making under the Dodd-Frank Act and the JOBS Act are the agency's top priorities. She said she has embarked on a "listening tour" of ideas, questions and complaints from people inside and outside the agency. AdvisorOne (1/21) LinkedInFacebookTwitterGoogle+Email this Story
In the C-Suite 
  • Employment trends that may affect your business
    Companies may increase their recruiting efforts this year, which means small businesses will have plenty of competition as they search for talent, Rieva Lesonsky writes. Companies will also leverage social networks to train staff and to find new employees, and businesses may have to deal with additional employment regulations. NetworkSolutions.com (1/18) LinkedInFacebookTwitterGoogle+Email this Story
  • Tips to get more efficient, to help you and your boss
    "[M]anagers love efficient workers because they take a huge load off of their backs, make them look good and save the company money in significant and cascading ways," Adria Saracino writes. She suggests ways to improve your efficiency, such as not taking on too many commitments. Brazen Careerist (1/16) LinkedInFacebookTwitterGoogle+Email this Story
Off the Charts 
  • Unvarnished cover letter gets an investment bank's attention
    A college student with a "near perfect GPA" but "no unbelievably special skills" probably has secured an internship with an investment bank by means of a refreshingly straightforward cover letter. Among the gems from his letter: "I won't waste your time inflating my credentials, throwing around exaggerated job titles" and "I have no qualms about fetching coffee, shining shoes or picking up laundry." Business Insider (1/15) LinkedInFacebookTwitterGoogle+Email this Story
SmartQuote 
Certainly there will be bumps in the road, but we feel the overall trend for small-business lending is an upward trajectory."
--Terry Robinson, president of The Lending Circle and Sunovis Financial, as quoted by Business Finance
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