In addition to the wealth of COVID-specific resources you’ll find at WorkAnswers, here we’ll keep you up to date with the latest business news. You’ll find need-to-know insights, practical tips, and creative strategies companies of all sizes are using in these highly unusual times.
|May/22/2020||Law 360 - How Courts May Interpret COVID-19 Waivers Of Liability |
As businesses begin to reopen, they may seek to release themselves from negligence claims for COVID-19 infections through contractual waivers of liability, but whether a waiver is enforceable varies significantly by state, says Jessica Kelly at Sherin and Lodgen.
|May/21/2020||Law 360 - 4 Things To Know About Plan To Speed COVID-19 Patent Apps |
A new U.S. Patent and Trademark Office program will prioritize the examination of COVID-19-related patent applications from small businesses, and while it could result in patents issuing very quickly, applicants need to make sure the program makes sense for their invention. Here are the top things to consider.
|May/21/2020||WSJ - Coronavirus Lockdowns Spark Boom in Online Learning for Adults, Too |
The online business of teaching skills like writing, calligraphy or languages thrives; ‘we’re all seeing the minutes skyrocket’
|May/21/2020||WSJ - SBA Under Spotlight as Frustrations With Small-Business Aid Programs Grow |
Bipartisan lawmakers push agency for more transparency about its response to small businesses hit by coronavirus closures
|May/18/2020||GovInfoSecurity - COVID-19: 3 Future Scenarios |
Pandemic Expert Regina Phelps Outlines Potential Paths for Coronavirus
|May/17/2020||CNBC - Apple’s retail reopening plan: Temperature checks, mandatory masks |
Apple released a set of guidelines its retail stores will follow as they reopen.
|May/17/2020||Forbes - 3 Things To Consider In Preparation For Future Waves Of The Coronavirus |
As more American states are cautiously flirting with the notion of reopening their economies and lifting restrictions, the fear of a second wave is prevalent.
|May/16/2020||CNBC - Many Americans are unaware of the coronavirus-related financial assistance that’s available to them |
A whopping 80% of unemployed Americans say they haven’t reached out for relief measures, according to Credit Karma.
|May/15/2020||Forbes - Some 42% Of Jobs Lost In Pandemic Are Gone For Good |
42% of the 36 million jobs lost since the beginning of the lockdowns are gone for good
|May/12/2020||Washington Post - The Washington Post and four other news organizations are suing the U.S. Small Business Administration for access to government records showing who received more than $700 billion in taxpayer-backed small-business loans. |
|May/13/2020||Forbes - Top 9 Questions Entrepreneurs Have on PPP Loan Forgiveness |
An increasing number of entrepreneurs received loans from the Small Business Administration's Payroll Protection Program (PPP). The article provides guidance on how to spend the money to maximize the forgivable amount allowed under the program.
|May/13/2020||ABA - SBA provides safe harbor for PPP loans under $2 million |
Following a recent announcement that the Small Business Administration (SBA) would review any Paycheck Protection Program loans made in amounts exceeding $2 million, the SBA on May 13, 2020 issued guidance extending an automatic safe harbor to borrowers receiving PPP loans with an original principal amount of less than $2 million. These borrowers “will be deemed to have made the required certification concerning the necessity of the loan request in good faith,” the SBA said in updates to its PPP FAQs.
|May/14/2020||WSJ (Subscription) - Working From Home Is Taking a Toll on Our Backs and Necks |
Weeks of poor ergonomics on the bed or sofa have led to backaches, neck pain and headaches
|May/13/2020||National Law Review - Protecting Business Information Assets in the “Work From Home” Environment |
Many organizations were forced to suddenly pivot to a “work from home” environment (“WFH”) as COVID-19 spread across our country. However, many companies did not have the necessary technical infrastructure in place to support their full workforce on a WFH basis.
|May/13/2020||National Law Review - Coronavirus Lawsuits on the Horizon: Termination and Discrimination |
A few of the prevailing trends in recent COVID-19 related labor and employment litigation and proactive steps employers can take to help avoid a lawsuit.
|May/13/2020||National Law Review - New COBRA Notices & Extended Deadlines May Create Traps for the Unwary: Benefits Guidance in the Time of COVID-19 |
Under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), when employment is terminated or hours are reduced and there is a loss of coverage, employers (generally those with 20 or more employees) must provide notices to covered employees and their covered spouses and dependent children explaining that they have the right to elect to continue receive health care coverage. In addition, when a covered employee dies, COBRA requires employers to notify the employee’s spouse and dependent children that they have the right to elect to continue health coverage.
|May/13/2020||National Law Review - Class Action Suit Claims ADA Requires Public Accommodation to Prevent Spread of COVID-19 at Facility |
The proposed class action lawsuit, Schoengood, et al. v. Hofgur LLC d/b/a Queens Adult Care Center and Gefen Senior Group, No. 1:20-cv-02022 (E.D. N.Y.), is the first of its kind seeking to hold a place of public accommodation liable under Title III or Section 504 for not taking adequate measures, in the plaintiffs’ estimation, to prevent or mitigate the spread of COVID-19.
|May/13/2020||Business Insider - Fed's Powell to assess next phase of pandemic economy. |
Federal Reserve Chair Jerome Powell, having overseen the rapid creation of the central bank's massive network of pandemic-era programs, turns his attention Wednesday morning to where things stand on the cusp of what may be a risky reopening occurring disparately across the 50 U.S. states.
|May/13/2020||Forbes - Poll: Majority Of Americans Say Gatherings Unsafe Until July |
Americans remain worried about the safety of resuming normal life, with 2 in 3 saying gatherings of 10 or more will be unsafe until July in a poll released Wednesday.
|May/12/2020||Journal of Accountancy - SBA Issues PPP Guidance on Laid-off Employees Who Refuse to be Rehired |
Businesses that received Paycheck Protection Program (PPP) loans can exclude laid-off employees from loan forgiveness reduction calculations if the employees turn down a written offer to be rehired, according to new guidance...
|May/12/2020||National Law Review - Reopening for Business: Permissible Medical Inquiries - and Mandatory Accommodation of Vulnerable Employees |
As some states are beginning to reopen for business, new legal issues are developing, such as those involving employees who fear returning to work and the implementation of modified disaster recovery plans. Among the more persistent questions: What types of medical questions can employers require employees to answer upon returning to work?
|May/12/2020||National Law Review - SEC Issues FAQs Regarding COVID-19 Order |
On May 4, 2020, the Securities and Exchange Commission (“SEC”) issued four frequently asked questions and related responses (“FAQs”) regarding the COVID-19 Order (the SEC’s Order issued on March 25, 2020.
|May/11/2020||National Law Review - NLRB Temporarily Changes Standard Notice-Posting Remedy during COVID-19 Pandemic |
The National Labor Relations Board (NLRB) is beginning to address procedural disruptions arising due to the COVID-19 pandemic.
|May/11/2020||TLNT - Now is the time to mentor, develop employees |
As many companies slow hiring during the coronavirus pandemic and its economic fallout, it is the perfect time to tap mentorship as a way to foster growth among current employees, says Katherine Plumhoff of PowerToFly.
|May/11/2020||Forbes - What brand purpose needs to look like right now |
Businesses shouldn't attempt long-term planning during the pandemic as no one can predict what the future will look like after this period of what is "highly abnormal," writes Superunion's Jim Prior.
|May/11/2020||Law 360 - Judges say they are likely to rely heavily on remote courtrooms as the prospect of fully reopening the justice system to its former capacity remains a distant goal |
Federal and state court judges say they are likely to rely heavily on remote courtrooms, including virtual trials, as the prospect of fully reopening the justice system to its former capacity remains a distant goal for many, and case backlogs and delays continue to mount.
|May/11/2020||Vox - Government loans meant to bail out small businesses could become a financial burden themselves |
A new report from the Office of Inspector General found that SBA has created rules counter to how Congress intended the PPP program to be administered. SBA has mandated that 75 percent of PPP loans must be spent on payroll. The Inspector General determined that tens of thousands of borrowers have used more than 25 percent to cover operational costs; these borrowers will likely be stuck with new debt.
|May/11/2020||National Law Review - DHS Temporary Policy Allows Expired I-9 Identity Documents
In light of safer-at-home orders, the DHS has issued a temporary policy for Form I-9 List B identity documents. Under the policy, employers may accept certain expired List B documents from new employees. Depending on the document, employees may be required to present a valid, unexpired document within 90 days after DHS terminates the temporary policy.
|May/10/2020||Las Vegas Review Journal - Restaurants reopen, find no rush for new normal in Las Vegas |
With restaurants getting the go-ahead to resume dine-in service Saturday, while adhering to specific protocols, an unscientific spot-check of dining corridors in Southern Nevada found a majority delaying their reopenings.
|May/10/2020||Canadian HR Reporter - Corporate culture takes a hit in pandemic: survey |
Lower levels of employee engagement, mental health – and many considering career change
|May/08/2020||Mitt Romney proposes hazard pay plan for essential workers |
Senator Mitt Romney presented a plan to give essential workers a temporary pay raise. Under the "Patriot Pay" plan, essential workers making less than $50,000 a year would receive a bonus of up to $12 an hour during May, June, and July. The federal government would pay for three-quarters of the raise through a refundable tax credit.
|May/08/2020||Biz Journals - What business leaders need to know about post Covid-19 return to work |
As businesses prepare to reopen, employers will need to assess how to move forward. How can employers maintain a safe workplace for all amidst Covid-19?
|May/08/2020||National Law Review - Re-opening amid COVID-19: Managing Higher Risk Employees |
As employers plan to re-open for business or ramp up to full operations, it is critical to prepare for return to work concerns expressed by employees who have been identified by the U.S. Centers for Disease Control and Prevention (CDC) or local safer-at-home orders as high risk.
|May/08/2020||National Law Review - Re-opening amid COVID-19: Managing Higher Risk Employees |
As employers plan to re-open for business or ramp up to full operations, it is critical to prepare for return to work concerns expressed by employees who have been identified by the U.S. Centers for Disease Control and Prevention (CDC) or local safer-at-home orders as high risk.
|May/08/2020||The Verge - WhatsApp ups limit on video calls to eight people |
Available now on iOS, with an Android update expected soon
|May/08/2020||Journal of Accountancy - SBA Extends Safe Harbor for Returning PPP Funds |
The safe-harbor period for returning Paycheck Protection Program funds has been extended through May 14 by the US Small Business Administration.
|May/08/2020||People - Old Navy Just Launched Cloth Face Masks for Adults and Children — and You Can Get 5 for Only $13 |
They’re available for pre-order now
|May/08/2020||Axios - Why businesses say no to free money |
Even when businesses are legally entitled to bailout funds, they will often avoid taking that money when faced with political or popular opprobrium.
|May/08/2020||Axios - China is nowhere near meeting the "phase 1" trade agreement |
U.S. stocks fell sharply in the final hour of trading Wednesday after President Trump seemingly reignited the trade war, telling reporters the U.S. would be evaluating whether China has complied with the "phase 1" trade deal to buy an extra $200 billion a year of U.S. goods.
|May/08/2020||CNBC - Answers to your biggest questions about US stimulus programs for Covid-19 relief |
Answers to your biggest questions about US stimulus programs for Covid-19 relief
|May/07/2020||National Law Review - WARN Act No Safe Harbor for COVID-19 Layoffs |
The US DOL states that the standard provisions of the WARN Act would apply during the COVID-19 epidemic, including the provisions that call for less than 60 days of notice in certain circumstances. There are two relevant exceptions: (1) the faltering business exception and (2) the unforeseeable business circumstances exception.
|May/07/2020||CNN - This restaurant in Amsterdam introduced 'quarantine greenhouses' so diners can eat while social distancing |
Missing restaurants while social distancing? You're not alone. One restaurant in the Netherlands, though, has found a solution.
|May/07/2020||Reuters - As U.S. states start to reopen, Fed official sees little sign of economic resurgence |
Though states have begun to reopen their economies, it is not clear consumers are ready to venture back to the marketplace.
|May/05/2020||How-to-Geek - How to Reduce Microphone Background Noise on a PC |
Whether you’re video conferencing with colleagues, chatting with friends, or recording content for public consumption, audio recording quality is always important. Here’s how to get a crisp, clear, audio recording and minimize background noise on a Windows PC.
|May/05/2020||Forbes - How Long Does It Take To Recover From COVID-19 Coronavirus And Return To Work |
Recovery times tend to be about two weeks for those with mild disease and about three to six weeks for those with severe or critical disease.
|May/05/2020||Reuters - Texas back in business? Barely, y'all, as malls, restaurants empty |
While protests across the United States demand state governments allow business to reopen and people to get back to work, the vast majority of Americans balk at relaxing stay-at-home orders too quickly, according to Reuters/Ipsos opinion polling.
|May/04/2020||CNBC - California Gov. Gavin Newsom says some businesses will reopen Friday, with conditions |
What DOES this include? Places like:, clothing stores, florists, bookstores, sporting goods stores. All with curbside pick-up. What does this NOT include at this time? Offices (can continue telework), Restaurants (seated dining), and Shopping Malls.
|May/03/2020||WSJ (Subscription) - Safety Advice for Reopening: How to Reduce Your Risks as Coronavirus Lockdowns Ease |
As businesses reopen, we asked public-health experts for guidance on venturing out
|May/02/2020||Market Watch - Millions of lost jobs may push unemployment rate to highest since Great Depression |
Coronavirus could drive U.S. unemployment to 15% or higher
|May/01/2020||CMO - 15 Mind-Blowing Stats About Workforce Productivity |
Many people from all over the United States are trying their hand at remote work for the very first time.
|Apr/30/2020||WSJ (Subscription) - Federal Reserve Expands Business-Lending Program |
The Federal Reserve will expand loan offerings and qualification rules for its forthcoming $600 billion lending effort designed to reach small and mid-size businesses hit by the coronavirus pandemic, the central bank said today. The Main Street Lending Program, unveiled earlier this month, will now allow larger businesses to participate, and it will relax minimum-loan amounts to help more small businesses.
|Apr/30/2020||Databreach Today - Privacy in the Pandemic Era |
IAPP's Omer Tene on Why Privacy Issues Are More Important Than Ever
|Apr/29/2020||JofA - AICPA Recommends Federal Loans Backed by Accounts Receivable |
The AICPA, citing a continuing need for short-term liquidity in the marketplace, recommended Tuesday the creation of a federally backed lending facility that would provide loans to small businesses that pledge their future receivables.
|Apr/29/2020||Accounting Web - CARES Act Bestows Four Charitable Tax Breaks |
During this time of national crisis, well-meaning individuals and business owners are pitching in, offering their support through various means. Accordingly, the CARES) Act includes several tax incentives for charitable giving.
|Apr/28/2020||USA Today - Workers face 'uphill battle' proving firms liable if they catch COVID-19 as economy reopens |
A handful of states are reopening for business following coronavirus-triggered lockdowns, raising two compelling questions: Must employers ensure the workplace is safe? And will they be held liable if employees contract the virus?
|Apr/28/2020||Forbes - Georgia Restaurants Opened Their Doors Today—Here’s How It Went |
For those that did reopen, though, it wasn’t life as normal: Restaurants are required to adhere to a set of 39 guidelines laid out by the state government, including a mandate that all employees wear masks, owners screen employees for signs of illness, and restrictions on the amount of customers allowed inside at the same time.
|Apr/28/2020||Washington Post - New York edges toward lifting some coronavirus restrictions in some areas in May |
Hard-hit New York edged toward lifting restrictions meant to limit the spread of the deadly novel coronavirus on Monday despite a shortage of testing.
|Apr/28/2020||CNBC - The US will need to spend trillions more as economy takes until 2022 to fully recover: CNBC survey |
GDP will decline by 24% this quarter, respondents to the survey predicted. The unemployment rate will rise as high as 19% and remain elevated through next year, they said. Other highlights of the survey: rates will remain at zero the rest of year, stocks will finish lower from here and there is a strong chance of a second contagion.
|Apr/28/2020||CNBC - Small business loans above $2 million will get full audit to make sure they’re valid, Mnuchin says<br>
Treasury Secretary Steven Mnuchin told CNBC on Tuesday the government will perform a full audit on any company taking out more than $2 million from the small business loan program. |
|Apr/27/2020||Daily Mail - Australia: Buffets banned, no water jugs and no standing on buses: The big changes to your everyday life that could be brought in after coronavirus lockdown restrictions are relaxed |
Prime Minister Scott Morrison said review of restrictions to take place on May 11
|Apr/27/2020||WSJ (Subscription) - Small-Business Loan Program Resumes With Reports of Delays |
The government resumed taking applications for its $660 billion aid program for small businesses hit by the fallout of the coronavirus outbreak—and with the resumption came a fresh chorus of complaints over delays and glitches in the process. The Small Business Administration’s electronic loan portal was overwhelmed by demand, according to banking industry groups, who say the process was also stymied by last-minute changes in guidance on how to submit applications.
|Apr/27/2020||LVRJ - Some Las Vegas Strip workers wary of returning during pandemic |
It’s not just visitors who Las Vegas Strip casino operators may need to persuade to come back.
|Apr/24/2020||CNBC - As working from home becomes more widespread, many say they don’t want to go back |
Once the economy reopens, 24% say they’d like to work either entirely or more from home compared to how they worked before, while 55% plan to head back to the office.
|Apr/26/2020||Marketwatch - In 3 steps, fold a T-shirt into a balaclava in 30 seconds (no elastic required) |
Do you need a face mask in a hurry? This method is even easier and faster than the DIY mask video by U.S. Surgeon General Jerome Adams
|Apr/26/2020||CNBC - Microsoft technology chief explains how A.I. could someday help rural people get through a pandemic |
Microsoft CTO Kevin Scott wrote a new book with Greg Shaw, “Reprogramming the American Dream,” which talks about the use of AI and other technology to improve the lives of rural Americans.
|Apr/25/2020||CNBC - He was approved for a Paycheck Protection Program loan. Here’s his advice to business owners who want one, too |
The attitude of the whole team after the loan was 100% different. We can think of running the business now. - Fabian Videla
|Apr/24/2020||The Hill - Trump signs $484 billion coronavirus relief package |
President Donald Trump has signed legislation providing $484 billion to replenish a popular small business lending program and support hospitals and COVID-19 testing amid the coronavirus pandemic. The measure includes an additional $310 billion in funding for the Paycheck Protection Program (PPP), $60 billion of which is reserved for community banks and small lenders; $75 billion for hospitals; $25 billion to support testing efforts; and $60 billion for emergency disaster loans and grants.
|Apr/24/2020||Accounting Today - Working From Home? Beware of the Doom Loop |
We should be able to handle a few months of working from home. It’s going to be fine. Again, just make sure that none of your habits during this temporary break in our work routine turn into self-destructive lifelong habits. After 60 days, they’ll get harder and harder to break.
|Apr/24/2020||CNBC - US Issues New Guidance for Small Business Loans, Pressures Public Companies to Return Funds |
The Small Business Administration issued new guidance on Thursday that makes it “unlikely” that big publicly traded companies can access the next round of funding for the U.S. government’s small business relief program.
|Apr/24/2020||Fox Business - PPP Coronavirus Loans: Forgiveness May Not be as Simple as Business Owners Think |
“What’s becoming evident is on the forgiveness side, it is going to be a little more difficult than they realize,” Robert Spence, a certified financial planner at Raymond James, told FOX Business. “The devil’s in the details … "
|Apr/23/2020||Washington Post - How to get a small-business loan under the new $484 billion coronavirus aid package |
A $484 billion coronavirus aid deal finalized Tuesday promises to breathe new life into two small-business loan programs that are designed to combat the economic devastation caused by the coronavirus.
WTMJ - $310B for small business loans likely spoken for, banks say
|Apr/22/2020||CNN - “We did everything right” - small businesses left in limbo waiting for government loans |
The federal money for Main Street was supposed to come fast. But most small business owners still haven't received any aid from the federal government, let alone approvals for it yet -- even though many applied at the earliest opportunity.
|Apr/23/2020||Marketwatch - What pandemic? How Goldman Sachs and Amazon may bring the office home for these interns. |
With internships from Disney to Airbnb canceled, companies are exploring bringing offices to interns’ homes
|Apr/22/2020||Bloomberg - Food Rationing Is New Reality for Buyers Once Spoiled for Choice |
North American retailers curb purchases of milk, pasta sauce, and possible meat shortage looms as packers grapple with virus
|Apr/22/2020||CNN - 90% of the world's students are in lockdown. It's going to hit poor kids much harder than rich ones |
The inequality gap between rich and poor, present in education systems at the best of times, is being exacerbated by school closures worldwide
|Apr/21/2020||LVJR - Ex-Cirque star develops COVID-19 fashion line |
The Baobab Stage proprietor and former “Zumanity” artist has launched a new line of COVID-19 pieces.
|Apr/21/2020||CNBC - Schumer says he believes Senate will pass small business bill Tuesday, with ‘agreement on just about every issue’ |
Democrats and Republicans were negotiating a deal that would allocate $310 billion more into the Paycheck Protection Program. Another $60 billion would go to the Economic Injury Disaster Loan program, which offers loans for small businesses administered by the Small Business Association. Mnuchin has said the deal could include $75 billion for hospitals and $25 billion for testing. https://www.cnbc.com/2020/04/21/coronavirus-relief-schumer-believes-senate-will-pass-small-business-bill.html
|Apr/21/2020||LVRJ - Reopened Wynn Resorts will have thermal cameras, masks, CEO says |
Wynn Resorts Ltd.'s CEO hopes to see the Las Vegas Strip "slowly begin" to reopen in the next month.
|Apr/21/2020||National Restaurant Association: Restaurants need $240 billion bailout as job losses reach 8 million |
Nation's Restaurant News - NRA introduces ‘Blueprint for Recovery’ plan to ‘save the industry from ruin
|Apr/21/2020||Bloomberg - Marriott CEO Says Coronavirus Pandemic Will Change Hotel Stays |
Marriott International Inc. is working on new ways to protect guests and hotel workers
|Apr/20/2020||CNBC - Marc Andreessen asks why we don’t build things anymore — here are some possible answers |
His solution: We need to rekindle the desire to build things in this country. We have the money, we have the know-how, but we lack the desire.
|Apr/20/2020||CNBC - Insurers are denying coronavirus claims. Restaurants are fighting back |
Restaurants are lobbying lawmakers and suing insurers to get their payouts.
|Apr/20/2020||CNBC - In-office Zooms, more breaks, testing – Dr. Scott Gottlieb offers advice to reopening businesses |
Dr. Scott Gottlieb told CNBC on Monday that employers need to have specific plans in place for how to safely return workers to the office or shop floor.
|Apr/20/2020||CNBC - Senate nears $370 billion deal for coronavirus small business loan programs |
As of Sunday night, Senate Democrats and Republicans were negotiating a deal that would allocate $310 billion more into the Paycheck Protection Program, setting aside $60 billion for rural and minority groups
|Apr/20/2020||WSJ (Subscription) - To Get Back to Work, Companies Seek Coronavirus Tests for Workers |
Testing workers for Covid-19 could prevent the virus’s spread and boost confidence about coming back to work, but it’s no easy undertaking, medical experts say
|Apr/19/2020||NY Times - ‘I Didn’t Want to Shut My Doors’: Businesses Find Ways to Survive |
Faced with closings and plunging sales while more Americans lose their jobs, entrepreneurs are becoming more nimble.
|Apr/19/2020||CNBC - How 3-D printing is helping the US fight medical equipment shortages and the coronavirus pandemic |
|Apr/19/2020||CNBC - How the coronavirus and retail closures are accelerating the rise of Amazon |
Amazon is positioned to be one of the biggest beneficiaries of the broader collapse in retail, as it attracts new customers who are stuck at home and are now turning to the platform for essential goods.
|Apr/19/2020||WSJ (Subscription) - Tools to Help You Keep Your Distance as More People Go Outside |
Outdoor-activity apps, in-store traffic updates and augmented-reality rulers can help as social distancing gets harder
|Apr/19/2020||WSJ (Subscription) - Walmart’s Coronavirus Challenge Is Just Staying Open |
The pandemic has put 10% of its workforce on leave and prompted the retailer to start requiring all staff to wear masks
|Apr/18/2020||CNBC - Here’s what life after shelter-in-place may look like in the US based on what’s happening in China and South Korea |
While many parts of the U.S. are under shelter-in-place orders in an effort to slow the spread of the coronavirus, China is beginning to ease some of the restrictions on its residents.
|Apr/18/2020||CNBC - Could you get PTSD from your pandemic experience? The long-term mental health effects of coronavirus |
Experiencing intense flashbacks, nightmares, irritability, anger and fear? In the face of a traumatic event like the Covid-19 pandemic, it’s common to feel this way.
|Apr/18/2020||WSJ - Young Americans Are Still Catching Up From the Last Recession. Now They Face a New One. |
Millennials take stock of their finances and prepare for financial uncertainty yet again
|Apr/18/2020||WSJ (Subscription) - Coronavirus Forces Tech Startup Founders to Grow Up Fast |
The drive to go-big-or-go-home has been replaced by a desperate effort to conserve cash just to survive
|Apr/17/2020||LA Times - Texas and Florida easing some coronavirus restrictions as Trump pushes for reopening |
Pressured by President Trump to reopen the economy amid the coronavirus outbreak, governors across the nation on Friday laid out varying paths as they tried to balance public health with the crushing financial pressures facing the nation’s workers. Texas is opening its parks and Florida’s governor told local officials they could let beachgoers return.
|Apr/16/2020||WSJ (Subscription) - Funding Exhausted for $350 Billion Small-Business Paycheck Protection Program |
Lawmakers again fell short of an agreement on the next round of coronavirus emergency aid as a $350 billion loan program for small businesses ran out of money and millions more Americans filed for employment benefits, bringing fresh urgency to the negotiations.
|Apr/17/2020||FTC - FTC Announces Latest Round of Letters Warning Companies to Cease Unsupported Claims that Their Products Can Treat or Prevent Coronavirus |
Continuing its efforts to protect consumers from scams and deceptive pitches related to the coronavirus pandemic, the Federal Trade Commission announced it has sent 10 additional letters warning companies, both in the United States and abroad, to cease making unsubstantiated claims that their products can treat or prevent coronavirus disease.
|Apr/17/2020||CPA Practice Advisor - Coronavirus: How Accounting Firms Are Adjusting Their Business Operations |
Specifically, researchers asked a group of 15 influential individuals working in local, regional and international public accounting firms about when they recognized the seriousness of the crisis, how the pandemic has affected their client and ...
|Apr/16/2020||SHRM - What Will Reopening Workplaces Look Like? |
When U.S. mayors and governors eventually lift the social distancing orders they imposed to curb the coronavirus outbreak, reopening businesses likely won't be as simple as switching on the lights and welcoming employees back to their desks.
|Apr/17/2020||WSJ (Subscription) - Volkswagen Reopens Europe Plants, Offering a Vision of the Postvirus Factory |
The world’s biggest car maker will require workers to check their temperatures at home, bring their own lunch
|Apr/17/2020||CNBC - Coronavirus bill talks will go through the weekend after small business funds dry up, Schumer says |
|Apr/17/2020||USA Today - Whole Foods is converting some stores to online-only to help meet coronavirus demand. Is your store affected? |
Whole Foods Market is the latest retailer to adjust to the way consumer behavior is changing during the coronavirus pandemic.
|Apr/17/2020||Marketwatch - Slow Chinese economy casts doubt on speed of U.S. recovery, analysts say |
Chinese consumer spending contracted by 15.8% in March
|Apr/17/2020||WSJ (Subscription) - A Reassuring Approach to Cooking, Three Ingredients at a Time<br> You’ll be surprised (and relieved) to find how many different meals you can get from a trio of foods you like |
|Apr/17/2020||WSJ (Subscription) - Layoff Alternative Grows in Popularity During Coronavirus |
Businesses increasingly turning to programs that reduce worker hours while providing unemployment benefits
|Apr/17/2020||CNBC - If Sanofi’s coronavirus vaccine works, CEO says it can produce up to 600 million doses next year |
French drugmaker Sanofi expects to produce up to 600 million doses of its coronavirus vaccine next year if its clinical trials with GSK go as planned.
|Apr/17/2020||CNBC - New York Fed President Williams says the economy won’t be back to ‘full strength’ by end of 2020 |
While he sees pockets of the economy, such as construction, coming back, he expects people to continue to be reluctant to attend big public gatherings.
|Apr/16/2020||Data Breach Today - COVID-19 Pandemic Puts Privacy at Crossroads |
Cryptologist Vanessa Teague Says It's Possible to Trace Contacts and Respect Privacy
|Apr/16/2020||Data Breach Today - Microsoft Issues Patches for 3 Zero-Day Vulnerabilities |
Software Giant Had Previously Warned 2 Vulnerabilities Were Being Exploited
|Apr/16/2020||Data Breach Today - Pandemic Creates 'Perfect Storm' for Insider Threat |
Researcher Randy Trzeciak on How to Monitor and Mitigate Heightened Risks
|Apr/16/2020||LexisNexis - Maintaining Your Law Firm’s Culture and Client Service While Working from Home |
Whenever employees find themselves working from home for the very first time, they usually discover that it’s not as easy as it seems. Fortunately, most attorneys are already comfortable working remotely.
|Apr/16/2020||How to Geek - 6 Ways to Get More Out of Microsoft Planner |
Microsoft Planner is pretty simple to use, but some of its more useful features aren’t front and center. If you’re just creating and moving tasks, here are six ways to get a bit more out of Planner. Here’s everything you need to know.
|Apr/16/2020||CFO - Dynamic Cash-Flow Forecasting — A Must-Have in Times of Crisis |
Having a model that is dynamic, easily updated for changing conditions, and able to support iterative scenario analysis isn’t a luxury; it’s a necessity.
|Apr/16/2020||WSJ (Subscription) - Companies Devote Shrinking Tech Budgets to Cloud, AI |
Coronavirus pandemic has put premium on technology that supports agility, according to IDC report
|Apr/16/2020||WSJ (Subscription) - Small-Business Aid Package Excludes Many Franchises in Coronavirus Crisis |
SBA says commercial cleaners, home-repair firms and other businesses aren’t eligible for the funds
|Apr/16/2020||CNBC - Jeff Bezos: Widespread coronavirus testing needed before economy can get running again |
In his annual shareholder letter, he said he hopes to test Amazon workers, including those with no symptoms.
|Apr/16/2020||US home construction collapsed 22.3% in March |
Groundbreakings occurred last month at a seasonally adjusted annual rate of 1.2 million units, down from a 1.56 million pace in February, the Commerce Department said.
|Apr/15/2020||HBSWeek - Small Businesses Are Worse Off Than We Thought |
A survey of small-business owners shows that lack of liquidity and skepticism of government programs are compounding COVID crisis recovery efforts.
|Apr/15/2020||CNBC - The economic data is even worse than Wall Street feared: ‘The economy is clearly in ruins here’ |
Consumer and manufacturing reports for March showed the hit to the economy from the coronavirus was deeper in the early weeks of the shutdown than expected.
|Apr/15/2020||TMZ - JON TAFFER: DINING OUT WILL LOOK WAY DIFFERENT... Future All About Trust |
Jon Taffer has a good idea what your favorite restaurant is going to look like when the pandemic smoke clears, and says the new key to culinary success won't be taste.
|Apr/15/2020||CNN - Here's why you probably shouldn't share your old senior photos on Facebook |
In an act of social media solidarity with high school seniors who are finishing out their final semester at home, Facebook users are sharing their own senior photos with the hashtag #ClassOf2020.
|Apr/15/2020||American Banker - BankThink Dear Congress: Don’t let initial PPP be final word on small-business aid |
Many small businesses are locked out of the $350 billion in stimulus loans that Congress recently authorized simply because the business owner banks with the “wrong” financial institution — a bank that does not make Small Business Administration loans or an SBA lender that opted not to participate in the new Paycheck Protection Program.
|Apr/15/2020||Washington Post - Another SBA program is severely backlogged, running low on fund |
Small businesses that apply are supposed to receive emergency cash within three days. Many have been waiting weeks.
|Apr/15/2020||Data Breach Today - Investing in Cybersecurity's Post-Pandemic Future |
Hank Thomas of Strategic Cyber Ventures on How the Industry Is Poised to Emerge From Crisis
|Apr/15/2020||Researchers: Fake Fingerprints Can Bypass Biometric Sensors |
Study Shows Fingerprints Made With 3D Printer Can Fool Sensors, But Process Is Difficult
|Apr/15/2020||ZD Net - Raspberry Pi sales jump: Here's why the tiny computer's in demand in coronavirus crisis |
Lockdown means more home and education use, plus the Pi finds a place in the battle to save coronavirus patients.
|Apr/15/2020||First Coronavirus Saliva Testing Site Opens In U.S. After Emergency FDA Authorization |
The first U.S. coronavirus saliva testing site opens Wednesday in New Jersey after the Food and Drug Administration granted emergency authorization for the method, which healthcare experts say is quicker, more scalable and safer to administer as the virus continues to spread across the country.
|Apr/15/2020||Washington Post - The Technology 202: Apple is now helping officials track how well coronavirus social distancing works |
Apple is the latest tech company to tap its troves of consumer data to help public officials fight the coronavirus.
|Apr/15/2020||Washington Post - U.S. stocks plunge amid steep fall in bank earnings, retail sales |
American consumers prop up about 70 percent of the country’s economy, but spending at restaurants, retail stores, malls and the like has essentially hollowed out
|Apr/15/2020||Statistics Canada for first time ever releases GDP data early — and it's the worst on record |
'Economic disruptions have been both deep and widespread in the month of March'
|Apr/15/2020||USA Today - Air travel recovery 'could take 4 or 5 years' as airlines look to split first round of government aid |
The nation’s biggest airlines have tentatively agreed to terms for $25 billion in government aid to pay workers and avoid massive layoffs in an industry that has been slammed by the coronavirus pandemic.
|Apr/15/2020||CNBC - New York manufacturing hits record low reading of -78.2 amid coronavirus collapse |
The worst reading the index had seen was -34.3 during the financial crisis. https://www.cnbc.com/2020/04/15/new-york-manufacturing-hits-record-low-reading-of--78point2-amid-coronavirus-collapse.html
|Apr/15/2020||Washington Post - Here’s what reopening the economy is likely to look like: More masks, fewer workers, high unease |
The situation at the Port of Los Angeles is a case study of what’s ahead for the rest of the country when it’s eventually time to try to reopen.
|Apr/15/2020||Washington Post - JPMorgan Chase, Wells Fargo prepare for big economic downturn |
The banks set aside billions to offset potential losses as businesses and consumers struggling with the coronavirus stop paying their bills.
|Apr/15/2020||Washington Post - Weed is deemed ‘essential’ in California, but many pot businesses are on the brink of failure |
The industry has been hammered by high taxes, local opposition to retail stores, the vaping crisis and more. The coronavirus creates a new opportunity and another potential crisis.
|Apr/15/2020||CNBC - Restaurant owner says small business loan not enough to immediately bring workers off furlough |
Junior’s Cheesecake owner Alan Rosen said Tuesday that the money the company has received through the small business loan program is not enough to immediately bring workers off furlough.
|Apr/14/2020||WSJ (Subscription) - Treasury, Airlines Reach Agreement on Aid |
The biggest U.S. airlines reached an agreement in principle with the federal government on financial assistance aimed at preventing layoffs in an industry hit hard by the coronavirus pandemic, people familiar with the matter said.
|Apr/14/2020||Travel Weekly - Marriott says about a quarter of its hotels are closed |
For the month of March, Marriott’s global RevPAR was down 60%, with North America, Asia Pacific and Europe posting RevPAR declines of 57%, 74% and 71%, respectively. In the Caribbean and Latin America, RevPAR dropped 57% for the month, while the Middle East and Africa region fell 56% decline.
Insurance Journal - Initial premium refunds for March and April coming to adversely impacted California policyholders
The Hill - All 50 states under disaster declaration for first time in US history
|Apr/14/2020||InfoRisk Today - China Builds COVID-19 Recovery on Blockchain |
Gartner analyst Avivah Litan says China is attempting to leverage blockchain technology in the country's COVID-19 recovery. What are the benefits and concerns of this approach, and how should it shape the future use of blockchain?
|Apr/14/2020||Roll Call - In letter to lawmakers, insurers say pandemic cost is too great |
Insurers don’t have enough resources to cover business interruption losses in a disaster as comprehensive as the one posed by widespread small business closures from the COVID-19 pandemic, a group of insurance industry associations told two members of California’s congressional delegation.
|Apr/14/2020||WSJ (Subscription) - Markets Have Priced In the Lockdown Period. Now What? |
Given the expected massive economic contraction, the latest stock market selloff has been relatively modest.
|Apr/14/2020||NY Times - How the Virus Transformed the Way Americans Spend Their Money |
The coronavirus has profoundly altered daily life in America, ushering in sweeping upheavals to the U.S. economy. Among the most immediate effects of the crisis? Radical changes to how people spend their money.
|Apr/14/2020||Bloomberg - Hedge Fund Managers Are Claiming Bailouts as Small Businesses |
Consultant warns that seeking aid shows ‘poor moral judgment’ as the loans are part of the $2 trillion package to prop up economy
Lifehacker - How to Customize Your Background in Microsoft Teams Video Calls
|Apr/14/2020||Accounting Today - Art of Accounting: Future of the Small Firm Amid Coronavirus |
From Accouting Today - I believe the future of the small accounting firm is bright and secure. Right now there are many challenges such as the coronavirus pandemic, along with extremely unsettling moments, unpleasant client interactions, cash squeezes...
|Apr/14/2020||WSJ (Subscription) - The Coronavirus Economic Reopening Will Be Fragile, Partial and Slow |
From airlines to car makers, companies are planning to gear up again. The new normal will look anything but.
CNBC - Hotels and retailers not paying rent due to the coronavirus pandemic spikes in April, Trepp says
Nearly 20% of all lodging CMBS loans are categorized as either “in grace period” or “beyond grace period,” according to data from Trepp, a New York-based research firm that tracks the CMBS market.
CNBC - CARES Act opens new avenue for companies to offer 401(k)-like student loan benefits, startup Goodly CEO says
One really critical provision within the CARES Act is that it allows employers to make contributions toward their employees’ student loans tax free for the first time
|Apr/13/2020||IRS Lets Taxpayer Deduct Rent for a Personal Residence |
Millions of Americans are now working from home due to the pandemic. The IRS so far has not issued any guidance on whether they would allow for a special deduction….
IRS - Treasury, IRS launch new tool to help non-filers register for Economic Impact Payments
IRS - Coronavirus Tax Relief for Businesses and Tax-Exempt Entities
Inc. - What to Do If Your Bank Is Stalling on Your PPP Loan Application
Data Breach Today - Safeguarding PHI During COVID-19 Crisis: Emerging Challenges
Info Risk Today - Faces of Fraud 2020: COVID-19’s Impact
IRS Provides Guidance Under the CARES Act to Taxpayers with Net Operating Losses
|Apr/12/2020||IRS Grants Broad Coronavirus-related Tax Relief |
American taxpayers were granted additional, broad tax filing and payment deadline relief by the IRS late on April 9, 2020, in line with the relief requested by the AICPA over the past several weeks amid the coronavirus pandemic.
Inc. - How Business Owners Are Working to Maintain Sales and Avoid Layoffs
|Apr/11/2020||CNN - How prepping for pandemics can lead to big economic returns |
COVID-19 is a natural threat, the ensuing global pandemic and disruptions to the economy and our social way of life is a human-made calamity. We have a duty to prevent COVID-19 as economically as possible and we failed to fulfill it.
Marketwatch - The mortgage industry is facing a crisis because of the coronavirus — and borrowers could fall through the cracks
USA Today - USA Today - Her daycare was already on the brink. Then coronavirus struck.
CNBC - Paycheck Protection Program aid opens for sole proprietorships and independent contractors
Coronavirus scams have cost consumers nearly $12 million, FTC says
MSN - Coronavirus scams have cost consumers nearly $12 million, FTC says
|Apr/10/2020||JOA - 5 Steps for Advising Clients During COVID-19 Crisis |
Firms can follow a strategic approach to navigate truly advisory, and sometimes difficult, conversations.
|Apr/10/2020||Inc. - How Business Owners Are Working to Maintain Sales and Avoid Layoffs |
Stress tests, cash reserves, and strategic budget-cutting can help you better predict and absorb the financial impact on your business.
MSN - Arizona pizza place uses new method to battle coronavirus: Robots
MSN - Apple and Google are building coronavirus tracking tech into iOS and Android
Might to the delight Hilton’s DoubleTree chain shares chocolate chip cookie recipe for first time
Road Warriors can now make their favorite cookie at home.