Small businesses doing business internationally need to understand their legal obligations so that they don’t become another ING, the bank recently levied with 619 million USD in fines. The fines penalize ING for its failure to abide by US trade laws. ING to pay $619...
In another example of how our globalized economy makes the concept of U.S. vs. “them” obsolete, recent news broadcasts have announced that it may soon become more expensive to get our clothes dry-cleaned. Why? The cost of steel wire hangers may soon go up. Why? The...
President Obama has declared the week of May 20th – 26th National Small Business Week, 2012. The Presidential Declaration refers to small businesses as the backbone of the US economy. It also uses the opportunity to highlight two key initiatives begun by the Obama...
Earlier this year, I was asked to write an article that would anticipate Jamaica’s place in the global economy in 2030. What would the trade rules look like then, and what would Jamaica be trading? It was supposed to be a very futuristic approach. As I wrote, however,...
Wal-Mart is accused of having paid out over US $24 million in bribes to Mexican officials in order to acquire the over 2,000 stores located in Mexico. If true, Wal-Mart has violated the U.S. anti-bribery law, the Foreign Corrupt Practices Act (FCPA), which makes it...
