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The Senate passes a $17.6-billion measure meant to spur job growth through targeted employer exemptions and credits.

Jobs bill headed to Obama’s desk Reporting from Washington:

The Senate today passed by a 68-29 margin a $17.6-billion measure intended to spur hiring nationwide, sending the bill to the White House for the president’s expected signature.

Once the bill becomes law, it would mark the first significant piece of job-creation legislation to pass since President Obama and the Democratic Congress earlier this year declared that they would “pivot” and focus on reversing widespread unemployment.

The bill would grant employers an exemption from their 6.2% Social Security payroll contribution for every new employee hired through the rest of the year, as long as that employee had been out of work for at least 60 days. An additional $1,000 income tax credit would be allowed for every new employee kept on the payroll for 52 weeks.

Experts are split as to whether the payroll tax holiday will boost hiring.

The measure also would make it easier for businesses to write off equipment purchases and would pump billions into federal highway and mass-transit funding programs, which Democrats hope will jump-start construction projects. The bill’s cost is offset by tax code modifications.

“The bill we passed today is a targeted approach designed to get Americans back to work right away by creating jobs to rebuild our country’s infrastructure and providing tax cuts for businesses to hire new workers,” said Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee.

The bill, Baucus said, “represents a critical victory in our job-creation agenda, and we will continue working to get Americans back to work this year.”

The bill had passed the Senate last month, but was modified by the House, which required a second Senate vote.

The House is currently considering a $140-billion package passed by the Senate last week that contains a series of […]

Wall Street is now!

Time to reform Wall Street is now

WASHINGTON (CNNMoney.com) — The head of a key banking panel on Monday released a draft bill of sweeping regulatory changes aimed at warding off future collapses in the financial system.

The bill put forth by Senate Banking Committee Chairman Christopher Dodd, D-Conn., would create a new


“We must plug the gaps and eliminate the inefficiencies that allowed this crisis to happen in the first place,” Dodd said in a news conference.

The bill also includes a version of the controversial rule proposed by former Fed chairman Paul Volcker — and heralded by President Obama — aimed at prohibiting financial firms from owning hedge funds or from engaging in proprietary trading on their own accounts.

But the Senate proposal isn’t as strong as some were expecting and would create an oversight panel that would have leeway to set rules.

Tight timeline

Dodd wants the banking committee to consider the bill next week and vote before the next congressional recess, which is scheduled to start March 29. He wants to ensure the regulatory overhaul makes it to the Senate floor before the last week of May, because midterm elections could complicate getting a final agreement.

The House passed a version of regulatory reform in December.

Late Monday, Republicans started blasting Dodd’s speedy process and decrying the bill’s length, which comes in at more than 1,300 pages.

“Forcing the banking committee to vote on this proposal in a single week is unrealistic and undercuts the potential for bipartisan agreement,” said Sen. Richard Shelby, R-Ala., the lead Republican on that panel.

Meanwhile, the White House, Treasury Secretary Tim Geithner and several Senate Democrats on the banking panel all issued statements signaling support.

“Chairman Dodd’s bill modernizes regulations for the financial industry while also preventing future […]

Ad Blocking is hurting the sites you love

Did you know that blocking ads truly hurts the websites you visit? We recently learned that many of our readers did not know this, so I’m going to explain why.

Blocking ads hurts the websites you love

There is an oft-stated misconception that if a user never clicks on ads, then blocking them won’t hurt a site financially. This is wrong. Most sites, at least sites the size of ours, are paid on a per view basis. If you have an ad blocker running, and you load 10 pages on the site, you consume resources from us (bandwidth being only one of them), but provide us with no revenue. Because we are a technology site, we have a very large base of ad blockers. Imagine running a restaurant where 40% of the people who came and ate didn’t pay. In a way, that’s what ad blocking is doing to us. Just like a restaurant, we have to pay to staff, we have to pay for resources, and we have to pay when people consume those resources. The difference, of course, is that our visitors don’t pay us directly but indirectly by viewing advertising. (Although a few thousand of you are subscribers, and we thank you all very, very much!)

My argument is simple: blocking ads can be devastating to the sites you love. I am not making an argument that blocking ads is a form of stealing, or is immoral, or unethical, or makes someone the son of the devil. It can result in people losing their jobs, it can result in less content on any given site, and it definitely can affect the quality of content. It can also put sites into a real advertising death spin. As ad revenues go down, many sites are lured into running […]

60pc rise in electronic bugs as council snoopers plan pay-as-you-throw tax

Spy chips hidden in 2.5 MILLION dustbins: 60pc rise in electronic bugs as council snoopers plan pay as you throw tax

wheelie bins

The growing threat of a stealth tax on the rubbish we throw away was exposed by startling figures yesterday. More than 2.5million homes now have wheelie bins fitted with microchips to weigh their contents. This is an increase of nearly two-thirds in just a year. The bins, which can be electronically identified and weighed, are designed for ‘pay-as-you-throw’ rubbish tax schemes. Under such schemes – which are likely to be hugely unpopular – families who put out more waste will pay higher taxes to their local council. Disclosure of the rapid spread of chipped bins followed the announcement this week of the first council to bring in a bin tax. Bristol City is presenting its scheme as a reward for recyclers, with cash payments to homes that leave out less rubbish.

The spread of chipped bins marks the revival of a tax idea that the Government appeared to have abandoned last year. Gordon Brown promised to ditch bin taxes in the spring of 2008, at a point when the unpopularity among voters of fortnightly collections, strict bin rules, and the threat of pay-as-you-throw was at its height. In January last year, ministers acknowledged that not one council had applied to test pay-as-you-throw schemes. But yesterday, research by the Big Brother Watch campaign group showed that the use of chipped bins has quietly spread over the past year.

In March 2009, a survey based on Freedom of Information inquiries showed there were 42 councils which used bins with microchips. But the latest check, also based on FOI requests, put the number of authorities with electronic bins at 68 – one in five of all […]

Entrepreneurs Journey

Yaro Starak

Entrepreneurs-Journey.com content is produced by Yaro Starak, an entrepreneur from Australia. Yaro has created, managed and sold several different Internet businesses since 1998 and currently teaches people how to make a full time income from blogging part time through his Blog Mastermind coaching program.

Yaro operates from a home office or a laptop while traveling. He draws on his experience and passion for web business to teach others how to build and manage successful Internet enterprises.

You can find out more about Yaro and exactly what he does to earn a living online by reading the articles below.

Get the full story in the business timeline of Yaro Starak. Learn what a typical day in Yaro’s life is like. (read the old 2005 edition too) How exactly Yaro makes money from the Internet. And Five things you probably don’t know about Yaro.