Main Street Hit by Credit Freeze U.S. Chamber Works to Thaw Capital Markets
If all goes according to plan, credit markets should soon begin to unfreeze, and small businesses like Vanessa Fine Jewelry should have an easier time getting loans as the financial rescue package is implemented.
Vanessa Baugh, owner of Vanessa Fine Jewelry in Lakewood Ranch, Florida, is one of millions of business owners hurt by the credit crunch. Struggling with slower than usual summer sales and the skyrocketing costs of goods, Baugh turned to her local bank to buy Christmas inventory. She was shocked and dismayed when her bank said "No." Says Baugh, "I have had my line of credit reduced to the point that I have no cash influx for my business. Read more:.
To aid the president-elect and his team of advisors during this historic transfer of power, the U.S. Chamber's Institute for 21st Century Energy released a Transition Plan for Securing America's Energy Future . What makes the Institute's plan different from others released in recent years is that it is practical, actionable, and measurable. It details what our political leadership should implement, where in government responsibility should lie, when action should be taken, and how the president-elect should sequence this plan.
Organized labor is seeking to dramatically rewrite American labor law with legislation that would essentially abolish secret ballot elections during union organizing drives. The Chamber strongly opposes taking privacy, power, and choice away from America's workers.
In these uncertain times of overall economic challenges, there are many things affecting the shipping industry. Be assured FedEx remains strong and reliable. U.S. Chamber members receive discounts of up to 26% on select FedEx Express® services, and up to 20% on select FedEx OfficeSM services.
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