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	<title>Rudofsky Associates</title>
	<link>http://www.rudofskyassociates.com/news</link>
	<description>Financial News for Business Owners</description>
	<lastBuildDate>Fri, 30 Jul 2010 11:42:30 +0000</lastBuildDate>
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		<title>Obama Visits Tastee Sub Shop to Talk up his Small Biz Agenda</title>
		<description><![CDATA[As a way to promote his small business agenda, President Obama visited the Tastee Sub Shop in Edison, New Jersey on July 28th, order half a #5 Super Sub to go, and talked business with Sub Shop co-owner Dave Thornton; Brian Bovio, owner of a family energy business; Rochelle Park restaurant owner Theo Mastorakos; and [...]]]></description>
		<link>http://www.rudofskyassociates.com/news/2010/07/30/obama-visits-tastee-sub-shop-to-talk-up-his-small-biz-agenda/</link>
			</item>
	<item>
		<title>NY State Creates $50 Million Loan Fund to Aid Small Businesses</title>
		<description><![CDATA[New York State has put up $25 million, which when matched by private lending institutions, will create a $50 million loan fund intended to aid NY State small businesses blocked from access to traditional sources of credit, the 7/19/10 &#8220;Westchester County Business Journal&#8221; reported.  Successful applicants may use the funding for &#8220;working capital, acquisition and [...]]]></description>
		<link>http://www.rudofskyassociates.com/news/2010/07/22/ny-state-creates-50-million-loan-fund-to-aid-small-businesses/</link>
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		<title>Credit Crunch Hitting Small Businesses Hard</title>
		<description><![CDATA[Only half of small businesses that tried to borrow last year got all or most of what they needed, while in the mid-2000&#8217;s 80% got the loans they needed, according to the National Federation of Independent Businesses.   As reported  by Emily Maltby in the 6/21/2010 &#8220;Wall Street Journal,&#8221; possible explanations range from over-zealous bank examiners [...]]]></description>
		<link>http://www.rudofskyassociates.com/news/2010/07/15/credit-crunch-hitting-small-businesses-hard/</link>
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		<title>Taverna Kyclades is Doing Everything Right in Astoria</title>
		<description><![CDATA[A recent visit to Taverna Kyclades, located at 33-07 Ditmars Boulevard in Astoria, Queens left me thinking that they may be the most profitable restaurant of its size I&#8217;ve ever seen.   From a business perspective, they seem to be doing everything right:

No Empty Tables &#8211; The food is delicious, the seafood is as fresh as [...]]]></description>
		<link>http://www.rudofskyassociates.com/news/2010/06/22/taverna-kyclades-is-doing-everything-right-in-astoria/</link>
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		<title>Will Italian AP Exam be Reinstated?</title>
		<description><![CDATA[The &#8220;Wall Street Journal&#8221; reported that Margaret Cuomo, sister of NY Attorney General Andrew Cuomo, is leading efforts to get the College Board to reinstate the Italian Advanced Placement, or AP exam, which it announced (in January, 2009) would be cut, &#8220;due to low numbers and financial losses.&#8221;
The College Board, or more formally the College [...]]]></description>
		<link>http://www.rudofskyassociates.com/news/2010/05/13/will-italian-ap-exam-be-reinstated/</link>
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		<title>Why Businesses Go Bankrupt: Movie Gallery &#8211; The Sequel</title>
		<description><![CDATA[Movie Gallery filed for bankruptcy on February 2, 2010,  announcing plans to close 760 stores. The company had previously filed for bankruptcy in October 2007, emerging from Chapter 11 in May 2008, with private equity firms Sopris Capital Advisors and Aspen Advisors as its primary owners.   Movie Gallery&#8217;s website is asking consumers with rented movies [...]]]></description>
		<link>http://www.rudofskyassociates.com/news/2010/03/15/why-businesses-go-bankrupt-movie-gallery-the-sequel/</link>
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		<title>Lehman Brothers Examiner&#8217;s Report Reveals Inaccurate Disclosure</title>
		<description><![CDATA[The Lehman Brothers Bankruptcy Examiner&#8217;s report is out, and anyone interested in knowing more about the reasons behind the largest bankruptcy in U.S. history should at least take the time to read the Executive Summary.  Much of the initial press coverage has focused on Lehman&#8217;s use of &#8220;Repo 105&#8243; transactions to reduce reported net leverage,  [...]]]></description>
		<link>http://www.rudofskyassociates.com/news/2010/03/14/lehman-brothers-examiners-report-reveals-inaccurate-disclosure/</link>
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		<title>Long Live the Independent Bookstore</title>
		<description><![CDATA[I got to visit the independent Northshire Bookstore, at 4869 Main Street, Manchester Center while on vacation with my family in Southern Vermont last month, and took the time to ask a member of their staff what they think has attributed to their successful 34-year run, counter to the long-term downward trend in independent bookstores. [...]]]></description>
		<link>http://www.rudofskyassociates.com/news/2010/03/02/long-live-the-independent-bookstore/</link>
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		<title>&#8220;The Firms that Should be Borrowing Aren&#8217;t There&#8221;</title>
		<description><![CDATA[A National Federation of Independent Business November &#8216;09 survey indicated that while one-third of respondents worry about weak sales, only 4 percent of small-business owners viewed financing as their top concern, and only 10 percent reported problems getting a loan.   &#8220;It has been 35 years since businesses were this reluctant to boost inventories or [...]]]></description>
		<link>http://www.rudofskyassociates.com/news/2010/02/07/the-firms-that-should-be-borrowing-arent-there/</link>
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		<title>A Syllabus for Small Business</title>
		<description><![CDATA[I was pleased to see an announcement that Goldman Sachs would put aside $500 million to seed &#8220;10,000 small businesses,&#8221; including $200 million for &#8220;practical business education and training programs.&#8221;
Goldman Sachs has established an advisory council to guide the investment, with Warren Buffet and Dr. Michael Porter of Harvard as co-chairs.  In addition, the [...]]]></description>
		<link>http://www.rudofskyassociates.com/news/2009/12/18/a-syllabus-for-small-business/</link>
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