Every business starts small. But more than ever, it's harder to turn small businesses into bigger companies that employ more people. In a country that desperately needs more jobs, this is a big problem.
Small firms represent about 99 percent of all U.S. businesses, but a study by the Ewing Marion Kauffman Foundation shows that while businesses are being formed at roughly the same rate as in the past — the number of startups is even rising — these small businesses create fewer jobs than in the past.
"Pakistan allowed Chinese military engineers to photograph and take samples from the top-secret stealth helicopter that U.S. special forces left behind when they killed Osama bin Laden," The Financial Times says it has been told by "people close to the White House and the Central Intelligence Agency."
The Obama administration is after your Lucky Charms, or at least your children's. The public comment period closed on July 14 for a set of "voluntary" guidelines for the marketing of food to children. If adopted, these rules will transform the advertising of breakfast cereals.
Seemingly coordinated bombings in more than a dozen Iraqi cities today have left more than 50 people dead and even more wounded, according to various media reports. The Associated Press reports that "the blasts were coordinated to go off in the morning and included a combination of parked car bombs, roadside bombs and a suicide bomber driving a vehicle that rammed into a police station."