By Rob Basso on
4/26/2012 11:07 AM
“Brian drain” has been a much discussed topic of conversation on Long Island for the past few years. Last year, I had the opportunity to speak at the “We LIVE NY” Long Island Summit to Empower Tomorrow’s Leaders” where civic-minded young adults participated in a discussion revolving around the future of Long Island. Those who attended represented a generation of vibrant, intelligent and passionate Long Islanders who wanted to paint a positive picture. The Basso On Business team also went on a little one day whirlwind road trip to remind everyone what a diverse and incredible place our Island really is. We recorded ourselves taking a tour from Riverhead to Great Neck and highlighted five towns and one city that make Long Island a great place to live and work...
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By Rob Basso on
3/12/2012 12:06 PM
Good news! According to ADP’s National Employment Report released March 7 th, U.S. Private-Sector employment increased by 216,000 jobs in February. More good news: another February report compiled by the Bureau of Labor Statistics showed that the number of workers quitting has been steadily rising. Wait, employees quitting their jobs is good news? BLS says yes, “Quits tend to rise when there is a perception that jobs are available and tend to fall when there is a perception that jobs are scarce...”
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By Rob Basso on
8/25/2011 2:06 PM
Recent press suggests that our economy is painstakingly creeping its way back – but that this is definitely a jobless recovery. According to this Newsday article, Long Island isn’t immune to the damage – 7,800 jobs have been lost in the past 12 months, even though job numbers are inching up throughout the rest of the US. Over 43,000 Long Island residents are no longer eligible for extended unemployment. It’s a grim outlook for sure. But as the president of Advantage Payroll, the company that processes payroll for thousands of businesses on Long Island, I have some job insight for our area that might provide a (small) sigh of relief...
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By Rob Basso on
2/1/2011 1:57 PM
Employees are receiving a surprise raise and may not even realize it. There have been changes made to employee payroll tax/social security tax rate which will put some extra cash in many pockets. Americans can use the extra money to stimulate the economy, lord knows we need it. Take a look at the clip below for some further detail about this “surprise raise...”
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By Rob Basso on
1/10/2011 12:43 PM
I had the opportunity to appear on the Sean Hannity Radio show on recently. We discussed everything from Black Friday shopping, economic indicators, recent laws that were passed, outsourcing, the stock market and the effect of small businesses on the economic recovery...
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By Rob Basso on
10/21/2010 10:22 AM
Fox Business Network asked me to share my thoughts on the latest legislation passed by Congress, and whether or not it’s simply another bailout, or if it would have the power to actually boost our small businesses and our economy. Check out the video for my thoughts and don’t forget to comment. I want to know what you are thinking.
http://www.bassoonbusiness.com/TheBassoNewsroom.aspx
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By Rob Basso on
9/10/2010 10:00 AM
In case you haven’t heard, in June of this year more than three dozen billionaires pledged to donate more than half their fortunes to charity. “The Giving Pledge” is a program started by none other than Bill and Melinda Gates and Warren Buffet. This move was surprising to many since it comes at a time when most have sustained heavy losses from the recession, but now the top 40 wealthiest families in the country are donating eye popping amounts of money to charities. Even the founder of Oracle, Larry Ellison, who notoriously made headlines for retracting a $100 million dollar gift to Harvard, wrote a brief note stating that 95% of his wealth was assigned to a trust to be given to charity, totaling billions of dollars.
All this comes on the heels of an annual report completed by the American Association of Fundraising Counsel, which announced that donations were down over 3.6%, the biggest decline since 1956. Interestingly enough, the greatest portion of charitable giving in 2009 was made not by the nations’ wealthiest, but by the average household, at a time when finances are stretched tight. This decline also hits our local charities hard as the demand for their services rise while public and government funding declines.
What can we do to help and create our own Giving Pledge? Aside from writing a check...
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