LOS ANGELES, Oct. 13, 2020 /PRNewswire/ — Scott Yahraus (www.scott4business.com), America’s leading expert in business turnarounds and dispute resolutions, was featured in an article in Business Management News offering strategies to help companies successfully navigate this current economic storm.
In an article titled, “How to Save Your Business During these Challenging Times,” Yahraus offers 7 ways that business owners and senior executives can create an environment that is less susceptible to the merciless impact of the Covid economy.
“America is going through its worst economic times since the Great Depression. Millions are out of work. Thousands of businesses have closed – at least temporarily,” the article stated. “Make sure your business isn’t one of them.”
The first piece of advice Yahraus shares is perhaps the hardest to swallow. “Know when to pull the plug,” he states. “There could be an opportunity for you to merge or acquire a competitor
New Delhi, Oct 11 (PTI) Lower fare limits decided by the government for economy class seats of domestic flights on May 21 would now also be applicable to premium economy class seats, the Ministry of Civil Aviation has said.
However, the upper fare limits set by the government for economy class seats would not be applicable on the premium economy class seats, according to a ministry order dated October 5 which was accessed by PTI.
The Ministry of Civil Aviation (MoCA) had on May 21 placed upper and lower limits on domestic airfares through seven bands, classified on the basis of flight duration, till August 24. Later, it was extended till November 24.
Among the Indian domestic carriers, only Vistara has premium economy class seats in its flights.
Domestic passenger services resumed in India on May 25 after nearly two months of suspension owing to the coronavirus pandemic situation.
Government-employee unions are an economic army devoted to destroying business and industry — unless the business is dependent on government spending.
Here in New Jersey, the unemployment rate is 10.9%. Because of coronavirus safety restrictions, we are living under a central-command economy where the government decides who can be open for business and how they can open their businesses.
No sense of shame stopped the state from raising the gasoline tax 9.3 cents a gallon this month (under a formula triggered by a previously approved road-funding mechanism) during an economic downturn that this government caused. This does not bother the government unions one bit. No matter how bad the economy is, they will get their money.
The government and the media incited the masses with the fear of coronavirus. I think the danger is being exaggerated for political purposes. Through media propaganda and the promise of more compensation from taxpayers,
U.S. Treasury Secretary Henry Paulson (L) shares a laugh with financier Warren Buffett, Chairman and CEO of Berkshire Hathaway, at the Conference on U.S. Capital Market Competitiveness in Washington March 13, 2007.
REUTERS/Jim Young
Warren Buffett phoned Treasury Secretary Hank Paulson at the height of the 2008 financial crisis with a suggestion that likely saved the US economy from an even deeper recession.
The famed investor and Berkshire Hathaway CEO proposed the government plow capital directly into banks instead of only buying their distressed assets.
Paulson quickly gathered the bosses of the nation’s biggest banks and convinced them to accept billions of dollars in investment.
The Treasury demanded preferred stock paying chunky dividends, as well as stock warrants in return, emulating Buffett’s bailout of Goldman Sachs in September 2008.
Former President George W. Bush called it “probably the greatest financial bailout ever” and said it “probably saved a depression.”
The Associated Press
Published 7:02 a.m. ET Oct. 9, 2020 | Updated 8:49 a.m. ET Oct. 9, 2020
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The Southwest Airlines gates of National Airport are almost completely without flying customers, showing the impact COVID-19 is having on air travel.
Wochit
HONG KONG (AP) — Some 637 million Chinese traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time when China hopes to get consumers to spend more and perk up the economy.
More than 45% of China’s 1.4 billion people traveled during the holiday, which began Oct. 1. They spent 466.6 billion yuan ($69.5 billion), according to data from China’s Ministry of Culture and Tourism.
That’s 21% fewer trips and 30% less spending, but the numbers still show consumption is beginning to bounce back following the battering it took earlier in the year from the coronavirus pandemic.
HONG KONG (AP) — Some 637 million Chinese tourists took domestic trips during the eight-day Golden Week holiday, spending the equivalent of tens of billions of dollars at a time when China is seeking to boost consumer spending to stimulate the economy.
The holiday, which began Oct. 1, saw more than 45% of China’s population take trips within the country and spend 466.6 billion yuan ($69.5 billion), according to data from China’s Ministry of Culture and Tourism. That marked a decline of 21% for domestic tourists from last year’s Golden Week and a 30% decline for spending.
Still the numbers show consumption is beginning to bounce back following the battering it took earlier in the year from the coronavirus pandemic.
Travel within the country, and sometimes even within cities, was restricted beginning with the Lunar New Year in January as China fought the spread of the coronavirus that emerged in
President Trump on tax cut plans for his second term.
If elected, Democratic presidential nominee Joe Biden would repeal President Trump’s tax cuts and raise taxes by the “largest percentage” in the country’s history, the president warned Thursday night.
“He wants to take all that away,” Trump told Fox News’ Sean Hannity during an exclusive “Hannity” phone interview with less than a month to go before Election Day.
“So therefore, if you do nothing else, you’re raising taxes by the largest percentage in the history of our country. If … he terminated my tax cuts, which is one of the reasons that our economy has done so great even now in this pandemic. … But he’s looking to do big, big tax cuts, big, big tax increases, like at a level that’s never been seen.”
Trump said Biden’s tax plans would be a “disaster” and would put the country into
SINGAPORE–(BUSINESS WIRE)–Roxe Chain Foundation Limited (“RCF”), a Singapore non-profit that owns and operates the Roxe Chain blockchain, today announced its plans to debut DO (pronounced “dough”), the world’s first algorithmic central bank stablecoin native to a fully decentralized economy, and the Roxe Payments Protocol. DO is an algo stablecoin with no fiat attribute that is designed to solve the intermediate currency problem in cross-border payments and operates on the new Roxe Payments Protocol (“RPP”). Enabled by the Daollar protocol, the DO family of stablecoins is designed to provide better price stability than existing fiat and digital asset-backed stablecoins.
While many fiat and digital asset-backed stablecoins on the market today use blockchain technology, none are a completely decentralized, algorithmic stablecoin based on a central bank model. For example, USDC is a stablecoin backed by the U.S. dollar, a centralized asset, and DAI is a stablecoin collateralized by assets from
SINGAPORE–(Business Wire)–Roxe Chain Foundation Limited (“RCF”), a Singapore non-profit that owns and operates the Roxe Chain blockchain, today announced its plans to debut DO (pronounced “dough”), the world’s first algorithmic central bank stablecoin native to a fully decentralized economy, and the Roxe Payments Protocol. DO is an algo stablecoin with no fiat attribute that is designed to solve the intermediate currency problem in cross-border payments and operates on the new Roxe Payments Protocol (“RPP”). Enabled by the Daollar protocol, the DO family of stablecoins is designed to provide better price stability than existing fiat and digital asset-backed stablecoins.
While many fiat and digital asset-backed stablecoins on the market today use blockchain technology, none are a completely decentralized, algorithmic stablecoin based on a central bank model. For example, USDC is a stablecoin backed by the U.S. dollar, a centralized asset, and DAI is a stablecoin collateralized by assets from other systems.
MEXICO CITY (Reuters) – Mexico’s government presented an almost $14 billion infrastructure investment plan on Monday as President Andres Manuel Lopez Obrador seeks to repair rocky relations with business leaders and lift the struggling economy.
The package, mostly privately financed, is the first clear sign of corporate bosses’ readiness to invest under Lopez Obrador since the coronavirus pandemic plunged Latin America’s no. 2 economy into its biggest slump since the Great Depression.
Ranging from a concession to revive a planned train link between Mexico City and the central city of Queretaro, to investments for state oil firm Petroleos Mexicanos (Pemex), the raft comprises some 39 projects, the government said.
Unveiling the plan, worth over 297 billion pesos ($13.83 billion), at a news conference, Lopez Obrador extended a hand to corporate bosses with conciliatory language.
“We have no problem with business leaders. On the contrary, they deserve our utmost respect and
