Companies having less than 25 workers had wages which are less than $50,000 a year. As they have higher premium costs they achieved benefits from the tax credit. The benefits under health overhaul law were also not expected. According to a report from consumer groups, Families, USA and Small Business Majority, health coverage was offered to only 46 percent of employers having three to nine workers. About 72% of small businesses having 10 to 24 employees offered with the health coverage for workers. More than 95 percent of companies of 50 or more workers offered coverage to their employees.

The tax credit help small businesses, which tend to lack the purchasing power of larger employers, maintain coverage by pooling risk. According to the federal government website HealthCare.gov., payment for the same insurance policy by small businesses was found to be 18% higher than that paid by larger firms. The tax credit was provided for companies on the cusp of dropping coverage for their workers.

The sales of Toyota Motor Corp rose 24 percent. This was weaker than the result that was expected. Due to massive safety recalls the sales tumbled in the earlier year. The company incentives were extended for third consecutive month to jump-start sales.

The largest percentage gain at 35 percent was reported by the Nissan Motor Co. Ltd. Following it are the Hyundai Motor Co at 30 percent, and Chrysler and Ford Motor Co at 25 percent. When compared to the previous year, General Motor Co posted 6.4 percent sales increase. The company was in the first position as the top seller in the United States. Ford and Toyota followed the General Motors. The auto industry was bracing for bankruptcies by GM and Chrysler in the previous year. However, even by excluding the discontinuing brands of the company, the sales of GM in April rose 20 percent. Chrysler was filed for bankruptcy at the end of April 2009 and presently it has been under the management control of Fiat Spa of Italy.

Honda Motor Co. Ltd is considered in the fourth position in the United States. This is based on the number of vehicles sold and it is the most closely shopped brand to Toyota. A 12.5 percent sales increase was reported by Honda. The costly incentives had hurt profit margins and used car prices.

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The survey states that, during the last 3 months, 60% of companies have maintained current levels of employee numbers, but 29% of companies had experienced a decrease in employee numbers in the same period. Just under a quarter (24%) of companies expect a further decrease in the next 3 months.

The Q2, 2010 survey shows for the next 3 months, 14% of companies indicated the introduction of short-time working (a decrease of 1% on Q1, 2010) and 7% implementing lay-offs (a decrease of 4% on Q1, 2010). With an increase in 3% from Q1, now 50% of small firms will implement a recruitment freeze in the next three months. And 24% of firms will not extend any current employment contracts; this figure remains unchanged since the end of 2009.

In regard to training, 37% of survey respondents indicated that in the next 3 months they will be training and improving the skil of the staff.

Small Firms Association’s director stated that many of the small businesses are reluctant to recruit mainly because of economic and financial uncertainty.

With three out of five companies are hoping employee numbers to stay at their current level and 19% of firms expecting to increase their employee numbers, and with regard to training, 37% of survey respondents indicated that in the next 3 months they will be training and improving the skill of the staff, 2011 looks much better than the current year.

• There was a decrease in accounts in moderate deliquency or those which were behind by 30 days or more in May by 3.36 percent from 3.47 percent in April.
• Accounts which were 90 days or more behind in payment or in severe delinquency also dropped to 1.11 percent in May from 1.21 percent.
• The accounts which are behind 180 days or more or in default and also which are unlikely to ever get paid also declined to 0.91 percent of the total receivables in May from 0.94 percent during April.

Regardless, the regulatory overhauls in the US healthcare and finance industries are making it hard for the small businesses to estimate the costs of the future. This is resulting in holding back of spending by small businesses.

As per the study by Keybridge Research, there are many effects of credit cards on small businesses growth and US job creation. It also showed that for every 1 percent rise in business credit card credit availability to small businesses, there is an increase of 0.051 percent in firm employment and there is also increase in firm revenue by 0.14 percent.

According to the study findings, it was found that the increase of credit card lending to small businesses from 2003 to 2008 has tremendously contributed for the creation of 1.6 million US jobs. There was direct contribution for creation of 592,000 small-Business jobs. There were also 1.0 million jobs which were created additionally throughout the US economy.

It was also figured out that the cumulative increase in the US economy of around $142 billion on an annual basis is equal to about 1 quarter percentage point of total US Gross Domestic Product which resulted in increase of credit card lending to small businesses from 2003 to 2008.

Finally, the Keybridged study identified that there was a positive relationship between increase in issue of credit and small-Business employment and revenue.

A study released by the UC Berkeley Center for Labor Research and Education survey stated that small bussinesses with less than 50 employees account for 44 percent of the state’s total uninsured working population.

The Health care reform bill provides a lot of benfits to employees of small businesses as well as helps small business, which are facing some finacial problems by providing loans. small-business owners from california may get benefits of health care reform first as billions of dollars in federal tax relief becoming available to help them purchase medical coverage for their employees.

It is estimated that the legislation delivers a premium relief of about 10 to 15 percent for small businesses to save and reinvest in themselves and their workforce.

The geographic organization of the dot-com economy across the United States is quite different. Forty-four percent of .com domain names in the United States are enrolled to addresses in five states, California, New York, Florida, Texas, and Illinois, which collectively comprises of less than one-third of the U.S. Population. But, Nevada, Virginia, Arizona, Utah, and Washington direct the nation in the number of .com domain names as a part of overall enterprises. The number of domain names per firm differs considerably by state across the country. Nevada consists of 6.5 times as many domain names per firm as that of lowest ranking state, South Dakota.

There is logically strong relationship between states consisting of number of domain names per firm and states with high comprehensive broadband deployment. Between 2004 and 2007 the average number of domain names in states nearly became twice from 242,000 to 400,334, indicating that all states are playing major role in the dot-com economy.

The US budget deficit for the year cessation 30 September 2009 was $1.415 trillion (£907bn). It is suspected to hit a record $1.56 trillion in 2010. President Obama has organized the bi-supporter taskforce after plans for a congressionally-accepted body were frequently poosed by Republicans in the Senate. A congressionally-appointed commission can have high power to necessiate lawmakers to vote on its approvals.

The huge size of the deficit is due to the impact of a extreme recession, which has decreased government tax receipts, and raised spending on programmes like unemployment insurance and food stamps. Government finances were also influenced by the billions of dollars forced into the economy in 2008 to support the banking system.

As per the New York Times, recession occurred mainly to US car industry because of bad business practices by “Big Three” U.S. automakers. These are:

• General Motors
• Ford
• Chrysler

This fact can be justified by the example of Asian car manufacturer. These foreign-owned car companies also manufacture automobile in US and experienced no such problems. They have deep pockets and ample credits.

Because of following reason the US Big Three suffered in the recession:

• Expensive automobile fuels price in the 2003-2008 oil crisis led to turn from SUV’s (sport utility vehicles)
• High labor costs and their other counterparts like salaries, benefits, healthcare, and pensions.
• Uncompetitive cost structures

The year 2008 heavily destructed the US automobile industry.

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