N.J. Chamber on Why the Legislature is the Last Hope for Business
"States across U.S. are using federal pandemic relief to help strengthen their business climates. New Jersey should, too,"
N.J. Chamber President Tom Bracken wrote in an op-ed today. "We urge the members of the state Legislature to step in and act. Make an investment in our business community" (ROI-NJ)
Pennsylvania Drops its State Corporate Tax, While N.J Stands By
U.S. Economy Shrinks for a Second Quarter, Raising Recession Fear
The U.S.
economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the gross domestic product — the broadest gauge of the economy — followed a 1.6% annual drop from January through March. Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession. (The Associated Press)
As Markets Struggle, So Does New Jersey's Pension Fund
Due to volatile financial markets, the
pension fund appears to be in danger of having its first full fiscal year with net negative returns in more than five years, but retirees won't see any change in benefits. (NJ Spotlight News)
Eight Signs that It's Time to Update Your Business Plan
