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Small Business Optimism Drops Amid Inflation and Labor Woes

The National Federation of Independent Business (NFIB) reported a decline in small business optimism in August, as rising inflation and labor shortages dampened the outlook of entrepreneurs. The NFIB Small Business Optimism Index, a quarterly survey of U.S. small businesses, fell 0.6 points to 91.3, the lowest level since March 2021. The index has been below its historical average of 98 for 20 consecutive months. Inflation Concerns Top the List…

Business motorists hit by stealth tax as reimbursement rates remain unchanged

The government has been accused of relying on a stealth tax from hardworking business motorists who use their own vehicles for work purposes. The approved reimbursement rates, which are the maximum amount an employer can pay an employee for each business mile travelled without creating tax or national insurance issues, have not been updated since 2011/12. This means that many employees are effectively subsidising their employers by bearing some of…

IRS suspends new claims for employee retention tax credit amid fraud concerns

What is the employee retention tax credit? The employee retention tax credit (ERC) is a tax relief program that was enacted during the Covid-19 pandemic to help small businesses and tax-exempt organizations that paid employees during government-mandated shutdowns or experienced a significant decline in gross receipts. The ERC allows eligible employers to claim a refundable tax credit against certain payroll taxes for up to $5,000 per employee in 2020 and…

How Strategy and Leadership Can Help Businesses Navigate Change

The global economy is constantly evolving and presenting new challenges for businesses. To survive and thrive in this dynamic environment, organizations need to adopt a strategic mindset and a leadership approach that can help them adapt and innovate. This is the core idea of the book Strategy as Leadership: Facing Adaptive Challenges in Organizations, written by Roberto Vassolo and Natalia Weisz, professors at IAE Business School in Argentina. Strategy as…

Michigan State Fires Football Coach Mel Tucker Over Sexual Harassment Allegations

Michigan State University has announced that it has fired its head football coach Mel Tucker, following an investigation into sexual harassment allegations against him. Tucker, who was hired in 2020 and signed a 10-year contract extension worth $95 million in 2021, was accused of sexually harassing a rape survivor and sexual violence educator who was contracted to provide a training program to the Michigan State football team. The Allegations Against…

Spain’s Soccer Star Jenni Hermoso Speaks Out After Being Left Out of the Team

Jenni Hermoso, Spain’s all-time leading scorer, was not included in the 23-woman squad for the upcoming matches against Sweden and Switzerland. Jenni Hermoso, who scored the winning goal for Spain in the FIFA Women’s World Cup final against England in August 2023, has been left out of the national team roster by the new coach Montse Tomé. Tomé said she decided not to call up Hermoso “to protect her” following…

Ibtihaj Muhammad: A Muslim American Olympian who broke barriers in sport

The first hijabi athlete in the US Olympic team Ibtihaj Muhammad is a fencer who made history in 2016 by being the first US-team member to compete in the Olympics wearing a hijab. She won a bronze medal in the team sabre event, becoming the first Muslim American woman to earn an Olympic medal. She also became an inspiration for many young girls and women who face discrimination and stereotypes…

Michigan State Fires Football Coach Mel Tucker Over Sexual Harassment Allegations

Michigan State University has announced that it will fire its head football coach Mel Tucker for cause, following allegations that he sexually harassed a rape survivor and activist who was hired to educate the team about sexual violence prevention. Tucker denies the allegations Tucker, who was in the third year of a 10-year, $95 million contract, was suspended without pay last week after USA Today reported that he was under…

Chelsea launches Jewish fan group to celebrate culture and combat antisemitism

Chelsea Football Club, one of the most successful and popular teams in England, has announced the launch of its first Jewish supporters group, following the footsteps of its rival Arsenal. The group aims to celebrate Jewish culture and identity, and work closely with the club on initiatives and campaigns to help ensure Chelsea FC is a welcoming and inclusive environment for everyone. A timely launch for Rosh Hashanah The club…

Union Berlin’s remarkable rise to the Champions League

Union Berlin, a soccer club from the German capital, has defied the odds and made history by qualifying for the Champions League for the first time. The team, which was on the brink of financial ruin two decades ago, will face 14-time champions Real Madrid in Spain on Wednesday. A club with a cult following Union Berlin is based in the Köpenick area of Berlin, in what was East Germany…