FILE PHOTO: An empty street is seen in Little Havana, Miami, after local authorities restricted the activities of restaurants, bars, gyms, movie theaters and other similar businesses for precaution due to coronavirus disease (COVID-19) spread, in Miami, Florida U.S., March 23, 2020. REUTERS/Carlos Barria/File PhotoReuters
(Reuters) – Florida is one of the five best states in the nation in which to do business, according to a new survey. It’s also one of the five worst, according to the same survey, thanks to COVID-19.
Every three years, Development Counsellors International, an economic development marketing firm, surveys executives to rank business climates in the various U.S. states. For the first time since they began doing the survey in 1996, a single state landed in the top five in both categories: Florida. The DCI report was released on Tuesday.
“The rationale for Florida being on both the best and worst lists was
as payment volumes took a hit with the pandemic. But bullish trends may be building—pointing to gains for the card stocks, along with online payment companies like
according to several Wall Street analysts.
Signs of life in cross-border travel could boost Visa’s (ticker: V) earnings by 10% next year relative to current estimates, according to Mizuho Securities analyst Dan Dolev. Cross-border travel accounted for 7% to 9% of Visa’s total payment volume pre-Covid, he estimates, but it has fallen more than 65% this year as borders closed and travel slumped.
The tide could be turning, though. Checks at 14 online travel and airline websites point to a slight uptick in demand, Dolev says. It’s too early to say how fast cross-border
Joe Biden’s economic plan is getting solid reviews, with research firms such as Oxford Economics and Moody’s Analytics predicting it would modestly booth growth and employment, if enacted.
But there’s one silly and probably unworkable idea in Biden’s plan: an alternative minimum tax on companies that use legal tax deductions to reduce their tax burden.
During a recent webinar sponsored by Yahoo Finance and the Bipartisan Policy Center, two prominent economists—Jason Furman of Harvard University and Doug Holtz-Eakin of the American Action Forum—both trashed the idea of an overlapping second tax system for businesses. Furman is a Democrat who was chair of the Council of Economic Advisers under President Obama. Holtz-Eakin is a Republican who was director of the Congressional Budget Office and chief economic adviser to John McCain during his 2008 presidential campaign.
Biden’s alternative business tax would be a new 15% tax on “book income” for companies with
I successfully started and grew two coaching businesses during the 2008 economic recession and 2020 pandemic, respectively. Although I wish the world’s circumstances were better when I chose to start these businesses, the truth is sometimes those harsher conditions make a better business.
How do you create and grow these brands when all warning signs are telling you to wait? I asked three other people who started or grew their companies under seemingly dire circumstances and used our collective stories to give you a six-step plan for starting a business at any time.
Take advantage of forced conditions
Although we can never control outside conditions like a pandemic or economic recession, we can choose how we respond to them. In 2008, I started my business because I needed to get out of my parents’ house after graduating college. I didn’t choose the circumstances, but