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- Equipment loans and leases increased 10.7% in May
Loans and leases for business equipment increased 10.7% last month compared with May 2011, an ELFA survey found. Volume rose 1.6% from April to May. "Although overall spending has steadily increased since the financial crisis, pockets of the market are still tenuous as some customers are canceling or postponing [capital-expenditure] purchases amidst softer commodity prices or weaker demand from abroad," said Maureen Carr, managing director of corporate asset finance at CapitalSource. Reuters
(6/25), The Wall Street Journal
(6/25)     
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| Economic Indicators | | |
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- U.S. could face permanently higher unemployment, OECD warns
Long-term unemployment could permanently increase the U.S. rate of structural unemployment as workers' skills degrade and they become isolated from the labor force, the Organization for Economic Cooperation and Development said. The OECD called on the U.S. to create training to help the long-term unemployed return to the workforce, to minimize damage to the economy. Reuters
(6/26), Market News International
(6/26)
| Inside & Out | | |
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- How to make manufacturing sexy again
The manufacturing sector is seen as profoundly unsexy by young people, Rob Lemos writes. To give the industry the makeover it sorely needs, managers will have to paint "a compelling vision of applied innovation that solves big problems in addition to saving money," Lemos argues. MIT Entrepreneurship Review
(5/25)
| Policy Update | | |
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- Health care ruling to be issued Thursday
The Supreme Court will issue its ruling Thursday on the constitutionality of President Barack Obama's health care changes. Thursday is the last possible day on which the decision could have been handed down. Justices "may want the extra few days to make sure that they're happy with their written opinions," said Georgetown law professor David Cole. CNN
(6/25)
- Ruling on Ariz. immigration law could affect small businesses
Small-business owners in Arizona say the Supreme Court's decision on the state's immigration law could hurt their income and access to workers. They fear people could boycott the state and worry the population could be static. "Just because a few people passed a bill that is not reflective of the state, don't stop doing business with us," Phoenix Mayor Greg Stanton said. The Wall Street Journal
(6/26)
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