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Bernard Sands

RISK CLIMATE USA: BUSINESS BANKRUPTCIES INCREASED BY 40% IN 2009

Business Bankruptcy Filings Increased by 40% in 2009 according to statistics released by the American Bankruptcy Institute.   Business bankruptcies increased to 60,837 filings in 2009 which represents a 40% increase from the 43,533 filings during the 12-month period ending Dec. 31, 2008. The 12-month business filing total for 2009 was the highest since the 62,304 filings that were recorded for ... Read More »

U.S.A. SMEs BATTERED BY CREDIT CRUNCH

A recent survey by the National Federation of Independent Business indicates that more than 25% of small business owners felt the current economic downturn is threatening their ability to survive.   Context:  Definition of SME:  Fewer than 5000 employees; represent 99.7% of all employer firms;  employ about half of all private-sector employees; pay nearly 45% of total U.S. private payroll;  have ... Read More »