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Belarus: Silicon Valley Of Eastern Europe

PYMNTS

This week, our Tech Center Roundup heads to Belarus to see how the nation has become one of the largest and most established places in Europe for information technology outsourcing. The nation is known for its well-educated population and low labor costs. million people.

Taxes 100
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A Decline in Personal Savings

TrustBank

The only time US personal saving has been this low was back in 2005 when it bottomed out at 2.1%. The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. in October. Recall the NINJA loans (No Income, No Job, Apply).

US 52
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Why Banking The ?Accidental Entrepreneur? Takes Baby Steps

PYMNTS

accounting for more than a third of the nation’s workforce, according to stats from Upwork and Freelancers Union. “There is a fundamental market shift happening, both in terms of the way the labor market is changing and, in correlation, the way the nature of entrepreneurship is changing,” he said.

Software 142
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24 Lessons From Warren Buffett’s Annual Letters To Shareholders

CB Insights

For investors as a whole, returns decrease as motion increases.” ( 2005 ). “Be Market volatility. He increased his holdings dramatically during the bear market of the mid-70s when GEICO was struggling. Berkshire Hathaway bought See’s, and by 1982, it was up to producing $13M after taxes on just $20M in net tangible assets.

Omaha 78
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BizFi Reaches $1.8 Billion Small Business Lending Milestone

Fintech Labs Insights

Bizfi founder Stephen Sheinbaum credited partnerships with Western Independent Bankers (WIB), announced in March , and the National Directory of Registered Tax Return Preparers & Professionals (PTIN), announced a few weeks ago , for his company’s ability to provide financing to an expanding universe of small businesses.

Lending 12
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11 Lessons From Startup Chapter 11s

CB Insights

Founded: 2005. Coda Automotive was an early player in the electric vehicle market, an early failure, and a great example of why being early is not always an advantage — even if the future your company envisions is probably the right one. Dart Music. Earth Class Mail. Declared Bankruptcy: 2011. Total Funding: $1.2B. Founded: 2009.

Apple 78