Small Businesses Face More Fraud in Downturn -WSJ
Cash-squeezed privately held companies are facing another threat in this struggling economy: rising employee fraud.
Employee fraud -- from check-forgery schemes to petty-cash theft -- tends to rise during tough economic times, when workers are feeling financial pressure in their personal lives, experts say. And small companies are especially vulnerable because they often lack stringent internal controls to prevent fraud. Sometimes, managers at affected companies attribute lost funds to lower sales -- never even suspecting
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Long Term Interest Rates – Watch China
China is engaging in some sabre rattling with comments about its holdings of US Treasuries. China is the single largest holder of US treasuries. If China sells, long term interest rates will be under pressure to go up.
"The US sought to ease Chinese Premier Wen Jiabao’s concern about the security of his country’s investments in US government debt,
reiterating pledges to cut the budget deficit in half in four years."
(Link to Economic Time