Coronavirus Archives - Zxcoachoutlet

South Africa’s post coronavirus economic recovery faces risks -Moody’s

September 28, 2020

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JOHANNESBURG, Sept 28 (Reuters) – South Africa’s post coronavirus economic recovery will face a number of constraints, with risks of a larger than forecast contraction this year tilted to the upside, ratings firm Moody’s said on Monday.

A recession deepened by the impact of the coronavirus has frustrated economic reform efforts in the country aimed at reducing government debt and attracting foreign investment.

Moody’s rates the country’s debt at sub-investment grade – as do the other two main ratings firms S&P and Fitch – and forecast earlier this month that the South African economy would shrink 6.5% in 2020.

In a virtual conference Moody’s lead analyst for the country, Lucie Villa, said the main concern was the government’s “exit strategy” as it unwound COVID-19 economic support measures and reinstated the fiscal consolidation promised before the pandemic.

Villa said the firm’s next credit review

Michigan House legislators ponder business and personal tax exemptions for coronavirus PPE

September 28, 2020

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The Michigan House of Representatives took its second tentative steps to eliminate sales taxes on COVID-19 personal protection equipment for Michigan businesses.

If approved as currently amended, a package of bills would render all businesses expenses for PPE retroactive to March 10, the day Gov. Gretchen Whitmer declared a public health emergency, and sunset on Dec. 31, 2021.

The House Tax Policy Committee heard arguments Tuesday for and against House Bills 6033, 6034 and 6035. The three bipartisan bills were introduced on July 23.

HB 6033 would amend the 1937 General Sales Tax Act to allow an exemption for costs incurred by employees for the purchase of PPE and equipment required as a condition of employment. The bill is sponsored by Rep. Michael Webber, R-Rochester Hills.

HB 6034, also sponsored by Webber and Rep. Jim Lilly, R- Park Township, would amend the 1937 Use Tax Act by exempting PPE

Amazon Prime Day set for October 13 and 14 after coronavirus delayed original summer date

September 28, 2020

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Amazon Prime Day will take place on Oct. 13 and 14 this year, the company announced Monday.
The company postponed its biggest shopping day of the year after the coronavirus generated unprecedented strain on its warehouses and shipping and logistics networks.
The timing means the holiday shopping season will kick off earlier than ever.

Men work at a distribution station in the 855,000-square-foot Amazon fulfillment center in Staten Island, New York.

© Provided by CNBC
Men work at a distribution station in the 855,000-square-foot Amazon fulfillment center in Staten Island, New York.

Amazon has finally set a date for this year’s Prime Day after months of coronavirus-related delays.

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Prime Day will once again run two days this year, with discounts kicking off at midnight PT on Oct. 13 and lasting through Oct. 14, Amazon announced Monday. Members of Amazon’s Prime subscription program will get access to “over 1 million deals across every category,” including toys, electronics and apparel, the company said.

It had already been

Brexit and coronavirus spur EU to deepen capital market

September 27, 2020

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By Huw Jones

LONDON (Reuters) – The European Union on Thursday presented plans to expand and bolster its capital market to help reboot companies hit by the coronavirus and reduce the bloc’s reliance on the City of London after Brexit.

Companies need to refund themselves as they emerge from recession caused by pandemic lockdowns, with Brussels wanting them to use stock and bond markets and reduce reliance on bank loans.

The plans would help give the EU market “strategic autonomy” when Britain exits the bloc’s single market on Dec. 31, the EU launch documents said.

Digital finance forms a core plank of the bloc’s third batch of measures in five years to create a Capital Markets Union (CMU) by including what EU officials describe as the world’s most comprehensive set of rules for cryptoassets.

“The strength of our economic recovery will depend crucially on how well our capital markets function

New Orleans City Park still seeking money amid coronavirus restrictions, loss of events | Coronavirus

September 27, 2020

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New Orleans City Park has reopened most of its attractions, and more people are flocking to its bicycle paths, play areas and picnic spots.

But with a continued burn through its cash reserves and little chance of holding big, money-making events anytime soon, park officials are again looking to Louisiana state government for an injection of money to forestall steeper spending cuts.

A quick glance these days at New Orleans City Park might suggest a thriving public space.

Chief executive officer Bob Becker said he’ll be seeking $5 million in emergency funding from the Legislature beginning Monday, to help plug a multi-million dollar hole that remains in the operating budget despite furloughs and layoffs.

Two earlier funding requests to the state have been denied. But after cutting his $22.5 million budget by 22% — and with weddings and other events that bring in a considerable chunk of the park’s yearly

Coronavirus pandemic hits most vulnerable on multiple fronts

September 26, 2020

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LaJessica Joiner decided to make some major changes at the beginning of this year. She was going to go back to school and get a job, in the hopes of saving up enough money to buy a new home in the suburbs. Joiner just needed to get her credit score up.

Then the pandemic hit.

Joiner, 39, has fallen behind on her credit card and electricity bills.

“COVID-19 has made it so hard,” Joiner of Redford Township said. “I was trying to get back into work to make ends meet and whatnot, but I’m struggling.”

She reached out to United Way for financial help, and through them, is now working with Matrix Human Services, a Detroit-based social services organization that supports children, families and seniors, on financial and job counseling.

LaJessica Joiner, 39, of Redford Twp., is reentering the workforce after 10 years and is finding it hard to find

What’s The Future Of Retail? Macy’s Thinking Outside The Mall To Recover From Coronavirus Sales Slump

September 26, 2020

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KEY POINTS

Some malls are expected to close as a result of the coronavirus while others plan to convert retail space to more experiential venues
Macy’s already had planned to close 125 stores through 2022 and slash its corporate ranks
It’s mall traffic is down as much as 48% compared to last year

Macy’s is thinking outside the mall to recover from the coronavirus pandemic, opening standalone stores and focusing on the vacuum created by the bankruptcies of Neiman Marcus, Barney’s and Lord & Taylor.

During its quarterly earnings call earlier this month, Macy’s CEO Jeff Gennette said the chain, which anchors numerous malls across the country and is in the midst of a three-year turnaround plan, is going to test small-format stores and it’s taking Bloomingdale’s with it.

Macy’s Inc., which has a total of 771 locations, lost $431 million in the second quarter compared to an $86 million

Families of 9/11 first responders, survivors who died after contracting coronavirus gain ‘insurance’ from compensation fund

September 26, 2020

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Beatrice Granberg spent part of her 79th birthday on Feb. 27 undergoing her first chemotherapy treatment. Just days earlier, she had been diagnosed with two types of lymphoma.

Family members knew something was wrong after the normally independent Staten Island mother – a proud “Nana” to 11 grandchildren and four great-grandchildren – was suddenly lethargic and could barely walk without help.

Beatrice Granberg, left, and her children: Lisa, George, Bridgette and Sharon (Photo courtesy of Lisa Vernosa)

“My mother was so out of it,” Lisa Venosa, one of Granberg’s children, told Fox News. “Everybody was like, ‘Well, does she have a walker at home?’ Nothing. My mother drove a car … [she] was a very young 78 going to 79. My mother was not my mother.”

Granberg, the “matriarch” of the family, as Venosa said, worked for the New York Police Department in the 1970s before moving on to Standard

Combating the Coronavirus | U.S. Chamber of Commerce

May 11, 2020

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Our nation and our economy are facing an unprecedented crisis. The U.S. Chamber of Commerce is marshaling all its resources to help companies stay afloat and keep paychecks flowing to American workers and families; mobilize the business community to combat the pandemic; and help companies prepare for a safe, successful, and sustainable reopening of the economy.

No family and no business should go bankrupt as a result of the coronavirus.

Resources & Guidance | Policy & Advocacy | Business Community Response

Economic Impact | The Path Forward

RESOURCES, GUIDES & WEBINARS

Help for Small Businesses

For a full list of resources, webinars, research and advocacy for small businesses, and to find out how you can help small businesses in your community, visit the Save Small Business Initiative.
Todas las guías para pequeñas empresas están también disponibles en español. Presiones en cualquier enlace a continuación para acceder a la

What to Do When Your Business Is Unprepared for a Black Swan Event Like the Coronavirus

May 4, 2020

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Don’t panic. There are a few very simple things you can and should do.

You have a receptionist or guard watching the front door, an alarm system at night, anti-virus software protecting your computers and a firewall protecting your servers. It’s all good except for one thing. You just sent your staff to work from home. You can’t let your business information, including some data with compliance requirements that must be protected, become exposed to the internet.Don’t expose your business, your employees, or your customers to internet pirates and scammers or worse. If you have suddenly found yourself in this position, consider providing your employees with these basic tools to allow them to work from home securely.

We live in an age where the level of risk to our confidential information grows greater every day. The need to safeguard digital communications places a tremendous burden on a business and requires … Read More

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Tag: Coronavirus

South Africa’s post coronavirus economic recovery faces risks -Moody’s

Michigan House legislators ponder business and personal tax exemptions for coronavirus PPE

Amazon Prime Day set for October 13 and 14 after coronavirus delayed original summer date

Brexit and coronavirus spur EU to deepen capital market

New Orleans City Park still seeking money amid coronavirus restrictions, loss of events | Coronavirus

Coronavirus pandemic hits most vulnerable on multiple fronts

What’s The Future Of Retail? Macy’s Thinking Outside The Mall To Recover From Coronavirus Sales Slump

KEY POINTS

Families of 9/11 first responders, survivors who died after contracting coronavirus gain ‘insurance’ from compensation fund

Combating the Coronavirus | U.S. Chamber of Commerce

No family and no business should go bankrupt as a result of the coronavirus.

Jump to:

Resources & Guidance | Policy & Advocacy | Business Community Response

Economic Impact | The Path Forward

RESOURCES, GUIDES & WEBINARS

Help for Small Businesses

What to Do When Your Business Is Unprepared for a Black Swan Event Like the Coronavirus