Disrespecting Business Success Goes Global

I thought that America under the Obama administration was the only government that actually tries to prevent businesses from making money. Through an onerous tax system, oppressive regulations, an ill-conceived energy policy and a lack of banking options, American entrepreneurs are castigated for succeeding and making a profit. The exceptions, of course, are companies that give big donations to Obama’s Democratic Party. But China has mastered the art of not only diminishing... Read More

In Defense of the Ex-Im Bank

The good news is that it looks like the Export-Import (Ex-Im) Bank will be reauthorized for the short term. The bad news is that it is widely misunderstood, to the detriment of small businesses and entrepreneurs. To complicate things the Ex-Im Bank is a misnomer. It has nothing to do with imports and is not a bank. It provides loan guarantees to private banking institutions on behalf of American exporters. It also provides credit insurance. Everything it does, it does so... Read More

America’s Corrupted H-1B Visa Program Is Killing American Jobs

There was a time when I was a big proponent of the H-1B visa program, which is a temporary non-immigrant employment visa for highly educated foreign professionals in “specialty occupations” that require at least a bachelor’s degree or the equivalent. The visa lasts for three years with the option to renew for an additional three years for a total of six years. H-1B visa holders can be sponsored for permanent visas by their employers. This visa program,... Read More