Last week: 1
It came to Terry Wallace as an epiphany. On a Sunday about two years ago at his Palmer Township home, Wallace’s daughter Michaella posed a question before his weekly commute to New York City, where he kept an apartment for a job at WeWork.
“Are you going home tonight?” she asked.
Wallace, thinking he was home, realized it was time for a change, after two decades of commuting to New York. So he left WeWork and decided to start his own business — near home, in
As if things were not bad enough, with the U.K.’s government announcing fresh restrictions in an effort to stem the advance of the long-anticipated second wave of the coronavirus, research published this week reveals many of the country’s businesses to be in pretty bad shape. The report by Goldsmiths, University of London in partnership with the technology company Microsoft finds that more than half of organizations surveyed have seen a decrease in revenue this year compared to last year, with more than one in five experiencing a drop greater than 15%. The same proportion had to scrap an existing business model within days of entering the lockdown announced in March, with 45% of leaders questioned expecting their current business
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These days, nothing goes without saying
Tech, finance, media and other executives are calling on Americans to stay cool during a heated election season. “The health of our economy and markets depends on the strength of our democracy,” the LinkedIn co-founder Reid Hoffman said in a statement signed by more than 50 business leaders, provided first to DealBook. The group, convened by the Leadership Now Project, also includes Eddie Fishman, the chief operating officer of D.E. Shaw; Seth Klarman, the C.E.O. of Baupost Group; Lisa Lewin, the C.E.O. of General Assembly; Marissa Mayer, the former Yahoo and Google executive; and Alan Patricof, the founder of Apax and Greycroft.
The executives expressed support for three key principles:
• “Every vote will be counted,” and election officials should “encourage patience” during potentially protracted counts of absentee ballot.
• The news
Senate Majority Leader Mitch McConnell announced Tuesday that he plans to bring up a bill to fund the small business loan program next week.
He said the bill will include new funding for the popular small business Paycheck Protection Program.
“There is no excuse for Democrats to keep blocking job-saving funding for the Paycheck Protection Program while other conversations continue,” Mr. McConnell, Kentucky Republican, said in a statement. “Democrats have spent months blocking policies they do not even oppose. They say anything short of their multi-trillion-dollar wish list, jammed with non-COVID-related demands, is ‘piecemeal’ and not worth doing.”
“Republicans do not agree that nothing is better than something for working families,” he added.
With Republicans having only a narrow majority in the Senate, they’d need a handful of Democrats to join them in order to overcome another filibuster on this proposal.
The last time Senate Republicans brought up coronavirus relief
When will the pain end? The San Francisco 49ers have no business losing these games. They can’t afford to lose any more games against opponents that are far less talented.
How do the 49ers get out of the hole they dug?
No more Brian Allen
They didn’t lose solely because of Allen but he certainly did not help. On Monday’s press conference, head coach Kyle Shanahan sounded optimistic he’d have Cornerback Emmanuel Moseley back for Week 6.
If Moseley is not able to go, then hopefully for the 49ers the former 2017 third-round pick, Ahkello Witherspoon, finds the motivation to start the game this time instead of waiting until the game is out of reach.
Regardless of who is on the other side of Jason Verrett, the 49ers will see an upgrade at corner as it’ll certainly not be Allen this go around.
Runaway with victories
Much of the 49ers’
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This week in advertising: Media giants reorg, ad reviews pick up, and Disrupter Media’s departure from traditional media.
Disney and NBCUniversal made big leadership changes this week to adjust their business operations to the pandemic. A few thoughts about who the winners are of all this:
- The content. With its theme park and cinema businesses tanking, Disney had to double down on its streaming business that includes Disney Plus, Hulu and ESPN Plus. That puts the intellectual property that fuels it and the executives behind it center stage.
- Data and commerce. One of NBCU ad boss Linda Yaccarino’s new tasks
TAMPA, FL — The South Tampa Chamber of Commerce wants to remind diners that there’s no shortage of eateries to share a meal or enjoy take-out and delivery during Taste of South Tampa Restaurant Week 2020 in South Tampa this week.
To lure diners back to South Tampa residents following the coronavirus pandemic closures, dozens of restaurants in South Tampa are offering customers discounts on food and drinks this week.
“We’re just excited to continue to support local businesses and promote South Tampa as open for business,” said Kelly Flannery, president and CEO of the South Tampa Chamber of Commerce. “This is our call to action opportunity for us to say come into South Tampa, come experience our restaurants.”
Following mandatory restaurant closures and then limits on diners, restaurant owners, along with laid-off and furloughed restaurant workers, are struggling to recover from the economic impact of the coronavirus pandemic.
By Chuck Mikolajczak
New York (Reuters) – The dollar index was little changed near three-week lows on Monday as optimism over the possibility of a COVID-19 relief bill was curbed by concern over the pandemic, while China’s yuan fell after the People’s Bank of China (PBOC) changed its reserve requirements policy.
On Sunday, the Trump administration called on Congress to pass a stripped-down coronavirus relief bill using leftover funds from an expired small-business loan program, as negotiations on a broader package continue to run into roadblocks. A White House spokeswoman said on Monday that Senate Republicans will go along with what Trump wants in legislation.
The greenback has held within a range of about 2% over the past three weeks as talks have gone back and forth. The dollar had its biggest loss in six weeks on Friday amid rising hopes a fiscal stimulus package would be agreed to stem
FILE PHOTO: An empty street is seen in Little Havana, Miami, after local authorities restricted the activities of restaurants, bars, gyms, movie theaters and other similar businesses for precaution due to coronavirus disease (COVID-19) spread, in Miami, Florida U.S., March 23, 2020. REUTERS/Carlos Barria/File PhotoReuters
(Reuters) – Florida is one of the five best states in the nation in which to do business, according to a new survey. It’s also one of the five worst, according to the same survey, thanks to COVID-19.
Every three years, Development Counsellors International, an economic development marketing firm, surveys executives to rank business climates in the various U.S. states. For the first time since they began doing the survey in 1996, a single state landed in the top five in both categories: Florida. The DCI report was released on Tuesday.
“The rationale for Florida being on both the best and worst lists was