Tag Archives: Economy

In the News

FedEx Pumps $1M into Small Business Economy in Support of Second Annual Small Business SaturdaySM


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FedEx Teams with American Express to Drive Consumers to Shop Main Street During Busy Holiday Retail Season

MEMPHIS, Tenn., Sept. 27, 2011-FedEx Corp. (NYSE: FDX) is injecting $1 million into the small business economy of the United States with its support of Small Business Saturday 2011.  The commitment, announced today, will send tens of thousands of additional consumers into Main Street merchants on November 26, helping to drive holiday sales for local businesses at a time when customer demand remains among their biggest challenges.   

As the premier sponsor in the , FedEx will give away for free 30,000 Shop-SmallSM American Express gift cards, each worth $25, to consumers through a Facebook promotion leading up to Small Business Saturday on November 26.  Ten thousand additional cards will be distributed directly to FedEx customers.  The contribution means more money in the cash registers of locally-owned independent businesses. Continue reading FedEx Pumps $1M into Small Business Economy in Support of Second Annual Small Business SaturdaySM →

Education, Our Community

New Cash for Clunkers Program Targets Household Appliances

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Early this year, the federal government will launch a cash for clunkers program that offers rebates for purchases of new efficient appliances. The success of the cash for clunkers  model with the automobile industry is now spreading to a new arena -appliances . In much the same way that the automobile program was designed to reward Americans for buying newer and more efficient vehicles in exchange for old gas guzzlers, the new program will provide small rebates to people who are replacing old appliances with new ones.

Continue reading New Cash for Clunkers Program Targets Household Appliances →

Dining, Education

NEW JERSEY RESTAURANT ASSOCIATION AND LOCAL RESTAURATEURS RALLY BEHIND PROPOSED INCREASE IN BUSINESS MEAL TAX DEDUCTION

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 Higher Business Meal Tax Deductions Can Translate into More Jobs

 

HOBOKEN, NJ (December 2009) – Chris Onieal, owner of Onieal’s in Hoboken, NJ and a member of the New Jersey Restaurant Association (NJRA), is one of thousands of restaurant owners who say the limited tax deductibility of business meal expenses is eating into their profits.

            Onieal and others are driving a national movement to restore tax deductibility for business meals and entertainment to its former level. In 1986, Congress reduced the allowable tax deduction from 100 percent to 80 percent. Congress further reduced the deduction to 50 percent in 1993. Continue reading NEW JERSEY RESTAURANT ASSOCIATION AND LOCAL RESTAURATEURS RALLY BEHIND PROPOSED INCREASE IN BUSINESS MEAL TAX DEDUCTION →

Cover Story

Good Times in Bad Times-July 09

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When the Yellow Brick Road Hits a Speed-bump,these seven Hudsonities follow their hearts

By Sally Deering

Most folks weren’t around to witness The Great Depression of 1929 cover-photo-2-monya-mccarty-nurse2when the stock market crashed and people lost their savings, their jobs and sometimes their lives. But many of us do remember the Dotcom crash of 1987 that caused the stock market to nosedive and Internet entrepreneurs to lose their cybershirts. Well, here we are again, folks, rafting through the troubled waters of another photo-6-laura-schaffnit-of-another-mans-treasures-vintage-shop3recession in a yellow rubber dingy without a paddle.
Uncle Sam is up to his red, white and blues in I.O.U.’s. We owe a trillion and change to to China and according to CreditCard.com, every household in America has more than $8 grand in credit card debt with no end in sight. But Americans are a rugged bunch. When all we have are lemons in the fridge, we thumb our nose at the bad times and toast to better days with a swig of lemonade. 
It’s the American Way and it’s the Hudson way, too.

Continue reading Good Times in Bad Times-July 09 →