d's Prime Minister Geir Haarde said his government would step down with immediate effect. Haarde said last Friday that he would step down as leader of the Independence Party at a party conference in March and has called for elections on May 9. Iceland was one of the richest countries in the world per capita in 2007 but plunged into crisis in October due to the global credit crunch. The country negotiated an 8 billion euro aid package put together by the International Monetary Fund to stay afloat.
Additional Business Week article here.…
on to small and medium-sized enterprises (SMEs), the drivers of the British economy.
Research from uSwitchforbusiness.com has revealed that the nation's SMEs are feeling abandoned and disenfranchised as the general election nears, with four in ten business owners believing politicians do not care about them.
Nearly one-third of those polled would like to see laws, regulation, taxes and red tape cut to encourage economic recovery as they believe these factors are making British businesses less competitive.
"Small businesses are vital to the wealth and wellbeing of the nation," commented the website's small business expert Jake Ridge, who added they are the backbone of the UK.
"For this alone they deserve to be heard, which is why it's so worrying that so few believe the main political parties have small business interests at heart."
The Institute of Directors recently stated that UK businesses spend £80 billion a year dealing with paperwork.…
y formation advice in the hope of going into self employment could be affected by government plans to put in place an immigration cap.
According to the Recruitment and Employment Council (REC), which has expressed disapproval of the plans, a cap on migrants from outside the European Economic Area will lead to greater skills shortages
People who are starting a recruitment company could face a shortage of qualified candidates as the move could impact negatively on sectors where much needed skills are already difficult to find locally.
"An artificial cap on immigration will affect business growth and delivery of core services such as social care," commented Kevin Green, chief executive of the REC.
"We ask that the government seriously considers the impact of preventing skilled workers coming into the country if the positions they are being recruited for cannot be filled locally."
Immigration was one of the most volatile issues during the campaigns for the last general election.…
it sounds like they are hesitant to make a move due to the economy. I'd probably probe a bit to try and find out the reason. Are they stalling because THEY are scared or is it an order from upper management? You can't do much about upper management (unless you've developed relationships with them, which would be advisable).
If it is the hiring authority who is hesitating you need to create urgency. For instance, if you have an "A" candidate they love, it is your responsibility to let them know that hesitating is sending the wrong message to the candidate and stalling momentum. It is your job to make sure they aren't missing out on an "A" producer.
Now, if you don't have an "A" candidate, then I wouldn't suggest pushing a "B" or "C" just to get paid. That will hurt your credibility in the long term.
What I would be doing is pounding the phones! Not since 2001, has there been a better chance to be building a pipeline of "A" candidates who are nervous about their jobs or who just got laid off. Although you may not see revenue immediately, this is a "buy low" situation that may pass shortly after the elections.
Hope that helps!…
ound to try and make everything fair, right and equal.
Any and every business has the right to decide who they want to work with to provide goods and services to their company.
Many professions have license and regulation requirements and it certainly does not insure the capability of those who practice within that profession.
My suggestion is that if you were going to use a CPA, an attorney, a plumber or someone to repair your roof you would be furious if the gov or some association told you that you could not use the provider of your choice because the one you wanted to use had too much business.
It's my take that what you are suggesting here would have all of us working for the government at a set rate determined by someone else and would achieve nothing but lower the quality of service. Think about the last time you tried to get anything done with any gov. agency and the level of intelligence of the person you had to deal with. And a sure fire way to drive an entire industry offshore to get out from under excessive regulation.
I think the next election in the US is going to be a strong comment about regulation and what it does to business.…
as hanging out with about 15-20 other students in her dorm lounge. The conversation turned to politics and she said (when asked) that she voted for Romney because she felt she'd have a better chance at finding a job in 4 years under a Romney presidency. She was immediately taken to task by the majority of the students and one girl actually said (very snidely) "Are you even allowed to call yourself a woman if you vote Republican?"
Too many in our "younger generation" don't know shit. Suresh said:
Bill, all I can tell you , Republicans really have to understand the demographics and stop the blatant or racial undertones.
Heck, the younger generation seem to get it better.
binge drinking primarily out of fear/panic they'd have astronomical student loans without a sufficiently paying job to pay them off.
This was really a racially divided election. The overwhelming majority of minorities and almost 40% of Whites voted Obama and supported Obamacare, raising taxes on the rich, abortion, gay marriage, amnesty, subsidized birth control for women, and expanded government.
But it wasn't due to Romney's campaign rhetoric. Obama directly pandered to all his base groups including women on contraception/abortion, Hispanics on amnesty, Blacks on government programs, Gays on Gay marriage,and Youth on student loan assistance persuading all Romney was waging a war on them.
Plus, they supported Obamacare/bigger government.The war was waged by Obama IMO, and he succeeded getting re-elected.I blame the people for re-electing him despite his economic failure--not Romney. Obama was the better Santa Claus.…
like the gas is so high,..this election year...,food prices are getting higher (which is the basic stuff we all need), cost of doing business is getting higher,.the strange weather pattern we are gettting...I can go on but there must be something we have hope for.
What are some of the ways that you are making the most out this situation. I wasn't born during the depression or any weird era..I was a product of the 60's or least that's when I came into the world.
I miss the old days when life was simple....but then again it's how we all look at things.
I still see all of us pulling through all of this. I wish we can motivate our young people
to get into engineering (we so short of theses) more in nursing ( we're short of these) or any other profession where we can be the producers instead of being the comsumers...when we have to depend on other country to produce the stuff we need, where we have to spend and be in debt.
Am I off base on my observations?…
able, according to the Federation of Small Businesses (FSB).
Those who have set up recruitment companies may be facing financial difficulty due to the economic climate as the latest Red Flag report has revealed that there has been a rise in the number of businesses in distress.
A 14 per cent increase in companies facing financial distress was recorded in the first quarter of 2010 compared to the last quarter of 2009, which is the second consecutive quarterly rise.
The FSB's national chairman John Walker said the government can help by "making it harder for HM Revenue & Customs to close small businesses down if they are late on tax payments".
Companies should also be given better access to affordable finance and credit and the government and big business should "pay invoices on time to ensure a steady cash-flow in the small business community".
Outsourcing back office services, such as invoice requirements, can help companies free up time to concentrate on growth.…