Consider the Lobsterman, Gutting the JOBS Act, Knowing When to Hire: Aug. 30

Illustration by André da Loba

Falling lobster prices put Maine fisherman on the brink of going out of business, so why are restaurants still charging top dollar? James Surowiecki says lobster is less a commodity and more a luxury item. [New Yorker]

Union Square Ventures’ Fred Wilson writes that new U.S. Securities and Exchange Commission rules governing how startups can market themselves to investors will cancel out the most important provision in the JOBS Act. [AVC]

Small business optimism surged in July and August, according to the Wall Street Journal/Vistage Small Business CEO Survey, writes Adam Janofsky. [Wall Street Journal]

Many small business owners remain hesitant to hire, writes Suzanne Sataline. [New York Times]

Mia Saini reports on Hong Kong tech incubator Cyberport (video). [Bloomberg Television]

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