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
Month: March 2020
Coronavirus Prompts Instacart and Amazon Strikes Over Health Concerns
The two companies are the latest targets of labor action by groups fearing virus exposure on the job. Source link
New York Attorney General Looks Into Zoom’s Privacy Practices
As the videoconferencing platform’s popularity has surged, Zoom has scrambled to address a series of data privacy and security problems. Source link
LendingClub cuts approval rates for high-risk borrowers as coronavirus spreads
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
NAB to offer emergency business loans
No broker commissions will be paid on these new loans, established as part of a COVID-19 govt scheme Source link
ABA expands COVID-19 relief for businesses
98% of all businesses with a loan from an Australian bank now able to access financial support Source link
France's Carrefour gives masks after staff walkout over coronavirus
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
Orban handed power to rule by decree in Hungary
Parliament extends coronavirus state of emergency and gives government extraordinary powers Source link
These Days, Even a Michelin Star Chef Has to Sell Takeout
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
Scary Times for U.S. Companies Spell Boom for Restructuring Advisers
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