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Today in Small Business: Frauds and Cyber-attacks

by anonymous

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What’s affecting me, my clients and other small-business owners today?



  • The Better Business Bureau and the Federal Trade Commission have put together a list of a few popular small-business scams to watch for, including charity pitches: while many charity requests are legitimate, “every year small-business people become victims of fraudulent or deceptive charitable solicitation schemes. Make sure to always check out the charity at”
  • A Home Depot wedding proposal video goes viral.


The Economy

  • Lawrence H. Summers withdraws from consideration for chairman of the Federal Reserve.
  • Here’s what might really happen if Congress plays chicken with the debt ceiling.
  • On the fifth anniversary of the collapse of Lehman Brothers, President Obama warns his opponents not to oppose raising the nation’s debt limit, not threaten to close down the government in a budget fight, and not to push to delay the health care law or starve it of federal money.
  • Gretchen Morgenson thinks little has been done to protect us from another financial collapse: “For all the new regulations governing derivatives, mortgages and bank holding companies, a crucial vulnerability remains. It’s found in our vast and opaque securities-financing system, known as the repurchase obligation or repo market. Now $4.6 trillion in size, it is where almost every financial crisis since the 1980s has begun. Little has been done, however, to reduce its risks.”


Around the Country

  • On the Jersey Shore, dozens of businesses were destroyed by the recent fire — including a much beloved family business — and many of them did not have fire insurance.


  • PayPal pledges to overhaul its approach to crowd funding.



  • Oxford researchers say 45 percent of America’s occupations will be automated within the next 20 years.
  • A record number of cyber-attacks are targeting small business.
  • Want your very own e-mail address? It’s only $100.

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