Discrimination is a multimillion-dollar cost factor in the business of doing business. Perpetrators have to pay up when caught: victims must be compensated; lawyers must be paid; and, in the aftermath of due process, there are hefty fees to shell out to clean up the image of the business. Meanwhile, the damage to productivity is irreparable.
On Saturdays, I like to walk around the commercial section of my community. It’s a bustling enclave of small businesses, stretching several blocks in either direction of the intersection of two of the borough’s busiest thoroughfares.
If imitation is the best form of flattery, then the jobless immigrants who introduced dollar vans to U.S. commerce are due for some puffing up. So, too, does the informal economy, where dollar van-type “popular entrepreneurship” thrives.
As a child I learned to fear ignorance. My mother would open her eyes wide and wag her hand menacingly as she dismissed a senseless argument with the words, “I don’t deal with ignorance!”
Nothing is sweeter than the cry “Fight!” on a warm day in grade school. As summer temperatures tug at lawmakers in Washington, a fight has broken out between Sen. Byron L. Dorgan, a North Dakota democrat, and Anthony Travers, chairman of Cayman Finance, voice of the Cayman Islands’ financial services industry.
In his State of the Union address in January, President Obama announced a goal of doubling the country’s exports over the next five years to support two million jobs.
At January’s World Economic Forum in Davos, Switzerland, the five co-chairs, including Aetna Chairman and CEO Ronald A. Williams, shared their thoughts on actions most urgently needed as we revamp the global financial regulatory framework and try to extract ourselves from the economic morass into which we have sunk.
We read so often of heads of state, their families and other well-to-do individuals in Africa who travel to developed countries for medical treatment that we may be inclined to think that the term “medical tourism” was invented for Africans
Americans deserve an honest discourse on how to fix their health-care system. That’s not what they’ve gotten on the notion of a public insurance plan.
I am one of 300-plus million consumers in the United States. I consume, therefore I spend, and I spend in dollars. How much and how frequently I spend determine in large measure the health of the U.S. economy. Consumer spending fuels a whopping 70 percent of this country’s economy.