Today in Global Small Business: Discover the Design of Japanese Toilets

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What's affecting me, my clients, my colleagues and other global small business owners:

• Global regulators say tougher bank rules do not curb small business lending.
• Quote of the week: “Let us find out what is desperately needed, although people may not know it, let us find out what will beautify the world, although people may not know it, then let's learn and learn and teach ourselves and support each other in doing that until we lose ourselves in those tasks." – 20th century inventor Edwin Land
• On Instagram @toilets_a_go_go, Hidefumi Nakamura documents the astounding breadth of public-toilet design in Japan.  International travel exposes you to different cultures yet even doing your routine daily activities can broaden your horizons :-).
• Global finance leaders meeting in Japan recently said they were increasingly worried that the trade dispute between the United States and China, which shows no signs of abating, could propel the world economy into a crisis.
• The retailer Ulta Beauty will be going international in order to "establish Ulta Beauty as a successful global brand," CEO Mary Dillon said in a statement. The first step of that process is launching operations in Canada, according to Dillon.
• President Donald Trump dangled the prospect of renewing his tariff threat against Mexico if the U.S. ally doesn't cooperate on border issues, while some of his Democratic challengers for the White House said the last-minute deal to avert trade penalties was overblown.

Age-Old Question of International Trade

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Q: We are a small manufacturer and want to purchase some component parts overseas. The overseas entity doesn't want to ship without payment. Yet we don't want to pay before we are sure that the goods will come and they will be of the quality represented. What are our options?

-- Marc Chafetz, Washington, D.C.

A: You're asking one of the age-old questions of international trade: How do a buyer and seller handle payment so neither gets burned? Read WSJ reporter Kelly Spors's answer here.

And I'd like to add my two cents on the subject.

Web Sites for Discerning Global Finance Students

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John Wachowicz, Jr., Ph.D., CPA and Professor of Finance at The University of Tennessee contacted me in response to a letter I wrote in February to the editor of CEO Magazine. (Wo)Man did I sound off! He apparently liked the horn-blowing so much that he decided to link it -- Globetrade.com not the letter! -- to his own educational financial management website. Seeing that John is a Ph.D. and CPA, I paid a visit to his site and found it to be quite good. You might like it too.

Wachowicz's Web World

Thanks John!