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Month: March 2020

Pelosi Floats New Stimulus Plan: Rolling Back SALT Cap

March 31, 2020 John L Leibiska

A proposal to retroactively lift a limit on state and local tax deductions would largely funnel money to relatively high earners in high-tax states. Source link

Economy Newsbusiness, economy, marketsLeave a comment

Coronavirus Prompts Instacart and Amazon Strikes Over Health Concerns

March 31, 2020 John L Leibiska

The two companies are the latest targets of labor action by groups fearing virus exposure on the job. Source link

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New York Attorney General Looks Into Zoom’s Privacy Practices

March 30, 2020 John L Leibiska

As the videoconferencing platform’s popularity has surged, Zoom has scrambled to address a series of data privacy and security problems. Source link

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LendingClub cuts approval rates for high-risk borrowers as coronavirus spreads

March 30, 2020 John L Leibiska

LendingClub Corp on Monday cut loan approval rates for some high-risk borrowers and increased income and employment verification requirements, in a sign that alternative lenders could pull back from… Source link

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NAB to offer emergency business loans

March 30, 2020 John L Leibiska

No broker commissions will be paid on these new loans, established as part of a COVID-19 govt scheme Source link

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ABA expands COVID-19 relief for businesses

March 30, 2020 John L Leibiska

98% of all businesses with a loan from an Australian bank now able to access financial support Source link

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France's Carrefour gives masks after staff walkout over coronavirus

March 30, 2020 John L Leibiska

Staff working in a supermarket of French retailer Carrefour in the southern city of Vitrolles will receive protective masks after some employees walked out over health risks associated with the coronavirus, a union said on Monday. Source link

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Orban handed power to rule by decree in Hungary

March 30, 2020 John L Leibiska

Parliament extends coronavirus state of emergency and gives government extraordinary powers Source link

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These Days, Even a Michelin Star Chef Has to Sell Takeout

March 30, 2020 John L Leibiska

Many restaurants had been planning for a future in which delivery made up a sizable share of their business. They just didn’t expect that moment to arrive right now. Source link

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Scary Times for U.S. Companies Spell Boom for Restructuring Advisers

March 30, 2020 John L Leibiska

Corporations are saving cash, cutting costs and refinancing debt to manage the economic fallout of the coronavirus. Restructuring and bankruptcy experts are already getting calls. Source link

Economy Newsbusiness, economy, marketsLeave a comment

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