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Regal owner Cineworld to shut all theater screens, putting 45,000 jobs at risk

October 5, 2020

Shares in Cineworld plunged 57% on Monday, after the world’s second-largest movie chain confirmed it will temporarily close its cinemas in the U.K. and the U.S., putting 45,000 jobs at risk.

U.K. Prime Minister Boris Johnson acknowledged there would be “tough times ahead” in the jobs market following Cineworld’s announcement, but encouraged people to go to the movies.

Cineworld’s move comes after the release of the latest James Bond film, “No Time to Die” was delayed for the second time. The MGM film had been due to be released in April this year, but was then postponed until November because of the pandemic. It is now expected to be released on April 2, 2021.

Cineworld UK:CINE Chief Executive Mooky Greidinger said the closure of its 663 cinemas was “not a decision we made lightly.”

“We did everything in our power to support safe and sustainable reopenings in all of our

You can ‘turn cash into anything,’ says big investor on why he’s putting more of it on the sidelines

September 26, 2020

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Jason Brady, CEO of Thornburg Investment Management, knows that sitting on the sidelines can be unpopular.

“Cash is very much maligned in the context of providing yield. It costs money to hold cash. I understand people’s reluctance,” Brady said, adding that’s also one reason why the Federal Reserve “makes cash earn zero, is so that people don’t own it.”

Even so, Brady thinks the time is ripe to put more cash on the sidelines as volatility in the U.S. stockmarket picks up, as Congress drags its feet on providing additional fiscal stimulus, and as rancor in Washington intensifies ahead of the Nov. 3. elections.

“You can turn cash into anything,” he told MarketWatch. “But you can’t turn anything into cash.”

Brady oversees strategy and direction for the Santa Fe, N.M.-based Thornburg and its roughly $41 billion worth of client assets. He’s also a co-manager of the multi-asset Thornburg Investment Income

The Legalities of Putting Up A Catering Business: Complying With All Legal Requirements

May 4, 2020

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Choosing the Type of Business Structure

As you start offering catering services, you may notice your income increase overtime, especially when you cater to corporate functions. Of course, this is good news to your business, but all your efforts will be for nothing when the governing authority flags you for operating a non-registered business. So it is very important to decide the type of business structure and then proceeding with the registration. For example, in the US, the IRS will red flag a caterer earning over $600 without being incorporated.

The chosen business structure will be dependent on how you want your business to be taxed and what liabilities you can risk. A sole proprietorship company entails you, as the owner, to be held accountable to whatever unfortunate incidents in your operation. This is riskier compared to limited liability caterers and corporations. Remember that you will be serving food … Read More

Putting Together Your Cleaning Business Portfolio

May 3, 2020

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If you are already trying to put together your cleaning business portfolio, then this already means that you are really close to start operating your house cleaning business.

What you put in your portfolio will be your client’s way of assessing your skills and expertise as a cleaner. So you will include photographs, some brochures, flyers, leaflets, some letters of recommendation, and some testimonials from your previous clients, and if applicable, some newspaper clippings that features you as a cleaner or your newly formed company. But then, the next question is, if you are a new cleaner and your cleaning business startup is not even complete yet, how do you get hold of these?

Gathering materials for your portfolio can be a dilemma if you don’t know what to do. Here are some tips on how to get hold of these stuffs even if you are just starting out as … Read More

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