Government opportunities prompted an increase in minority business startups and lead to the formation of more successful companies; minorities are also more dependent on government opportunities.
Do not expect to hear details about the economic proposal of the Republicans or the Democrats– the issue that is of most concern to the population. Therefore, we outline what needs to happen.
If $641 billion is extracted from the economy, it would lead to a contraction in income and jobs by an amount that is much greater than the original spending cuts. That is, the multiplier will work in reverse.
The court ruled the federal government’s Section 8(a) Program is constitutionally valid. This second part profiles minority firms in the 8(a) Program by race and revenue and explains the decision.
In the case of DynaLantic v DOD, the court ruled that the program on its face is constitutionally valid; however, the way in which the program remedies were applied in the DynaLantic case failed to pass muster.
The Congressional Budget Office (CBO) projects that GDP growth will average 2.2% in 2012. However, if the fiscal cliff occurs, growth in 2013 will decrease to 1.1%. This will occur if stimulus policies expire.
The economy will not benefit from QE3. The best thing the FED can do for now is sit on the sideline and wait for the actions it has taken in the past to have their full effect. Sometimes the best action is no action.
The high unemployment and poverty among Blacks and Hispanics and the location and employment patterns of their businesses suggests they can help restore the nation’s economic well-being.
Government sector contracting is fundamentally important to the success of minority businesses. However, public sector procurement officers are adjusting to austerity budgets by bundling contracts.
The economy continued to grind along slowly and did not show any signs of moving away from its current growth path of 1.5%, neither in an upward nor downward direction. Things not expected to change soon.