Fast Company is looking for the best products, concepts, companies, policies, and designs that pursue innovation for good for its World Changing Ideas Awards, now in their fifth year. We want to honor clean technology, innovative corporate initiatives, brave new designs for cities and buildings, creative works that help drive change, the ways companies are responding to the pandemic, and so much more.

The winners will be featured in the May 2021 issue of Fast Company and online on Fastcompany.com. Among the honorees for 2020 were a new kind of thread made out of trees, glasses that talk to the visually impaired, a solar-powered fridge to keep things cold in communities without an electrical grid, and many more. We’ll also be naming an all-around general excellence winner and a world-changing company of the year for anyone who submits multiple entries that show a record of innovation. To get a sense

Read More

Palos Park police are warning the public about a recent unemployment scam.

Palos Park police say thieves claimed to work at local business to get IL unemployment benefits

UP NEXT

UP NEXT

The south suburban police department said thieves tried to collect unemployment benefits from a local business in Palos Park.

Loading...

Load Error

Those thieves allegedly claimed they were employees at the business, getting $484 a week.

Police call this a scam and are now investigating the fraud.

RELATED: Calumet City woman without unemployment benefits after stranger allegedly files in her name

These scammers are not only causing problems for the businesses they claim to work for but also are potentially costing taxpayers millions of dollars, authorities said.

Business owners or residents who receive an unemployment letter they know nothing about, or information on employees they do not have, should contact the local police department and the Illinois Department

Read More

Frequently, innovators are asking me which ideas to prioritize and why. Here are some early steps you can take to ensure success in your innovation endeavors: 

  1. First, focus on ideas that can solve a real business problem. Of course, there’s value in having gathered a bunch of creative people who love experimenting with emerging technologies. Those colleagues are eager to ideate and innovate with you, sometimes even under frustrating conditions. But while they’re eager to realize their own ideas, it’ll be hard to convince lines of business to sponsor such ideas and work side by side with you to overcome political and organizational barriers along the way. But if you take up a problem that has been raised by a business unit (sales, marketing, R&D) before, then chances are high that once you’ve shown that you’re capable of solving it, you’ll have found fans in the business who’ll help you
Read More

By Michelle Nichols and Stephanie Nebehay

NEW YORK/GENEVA (Reuters) – U.N. chief Antonio Guterres said on Wednesday it is time for countries to start using money from their national COVID-19 response to help fund a global vaccine plan as the World Bank warned that “broad, rapid and affordable access” to those doses will be at the core of a resilient global economic recovery.

The Access to COVID-19 Tools (ACT) Accelerator and its COVAX facility – led by the World Health Organization and GAVI vaccine alliance – has received $3 billion, but needs another $35 billion. It aims to deliver 2 billion vaccine doses by the end of 2021, 245 million treatments and 500 million tests.

At a high-level virtual U.N. event on the program, WHO chief Tedros Adhanom Ghebreyesus said the financing gap was less than 1% of what the world’s 20 largest economies (G20) had committed to domestic stimulus

Read More

SSEC -0.2%, CSI300 -0.1%

HK->Shanghai Connect daily quota used -0.9%

FTSE China A50 +0.1%,

BEIJING/SHANGHAI, Sept 30 (Reuters)China shares closed lower on Wednesday as losses in real estate and materials stocks outweighed optimism from upbeat factory activity surveys, with the markets recording their worst monthly loss since May 2019.

** The Shanghai Composite index .SSEC ended down 0.2% at 3,218.05 and the blue-chip CSI300 index .CSI300 0.1%. For the month, the Shanghai Composite index lost 5.23% and the CSI300 index 4.75%.

** Markets fell in September mainly due to worries over ongoing Sino-U.S. tensions and fluctuations in overseas markets on concerns about a second wave of coronavirus outbreak.

** Shanghai shares of Semiconductor Manufacturing International Corp 688981.SS, China’s largest chipmaker, slid by 25% during the month amid the newly imposed export restrictions by the United States, citing a risk of military use.

** China’s factory activity extended

Read More
/quality/85/?url=http://media.beam.usnews.com/a7/87ee039cdef96e24f0ef902d60586c/tag:reuters.com,2020:newsml_LYNXMPEG8T1OS:12020-09-30T132023Z_1_LYNXMPEG8T1OS_RTROPTP_3_USA-POMPEO-ITALY.JPG">

ROME (Reuters) – U.S. Secretary of State Mike Pompeo delivered a warning to Italy over its economic relations with China on Wednesday, and described Chinese mobile telecoms technology as a threat to Italy’s national security and the privacy of its citizens.

“The foreign minister and I had a long conversation about the United States’ concerns at the Chinese Communist Party trying to leverage its economic presence in Italy to serve its own strategic purposes,” Pompeo told a joint news conference with Foreign Minister Luigi Di Maio.

“The United States also urges the Italian government to consider carefully the risks to its national security and the privacy of its citizens presented by technology companies with ties to the Chinese Community Party.”

Di Maio said the Italians were aware of U.S. concerns over Chinese 5G technology, and “fully realise the responsibility faced by every country when dealing with security”.

U.S. attention has

Read More

CHARLOTTE, N.C., Sept. 30, 2020 /PRNewswire/ — As small business owners continue to navigate the COVID-19 crisis, many are grappling with significant new challenges. According to a recent LendingTree survey of almost 1,400 small business owners, day-to-day business disruptions have spurred unexpected layoffs and financial concerns. In fact, nearly three-quarters of small business owners have taken on debt to make up for financial losses. And few businesses are again fully operational. But it isn’t all doom and gloom, the survey found. The majority of small business owners still feel optimistic about their future beyond the pandemic.

LendingTree logo (PRNewsfoto/LendingTree)
LendingTree logo (PRNewsfoto/LendingTree)

Key Findings:

  • About 74% of small business owners have taken on debt to cope with the financial losses due to the coronavirus crisis. Most notably, 37% took on credit card debt and 28% borrowed from friends or family.

  • Only 10% of small business owners who received Paycheck Protection Program (PPP)

Read More

If retailers want leases that reflect modern shopping habits, should they hand over a cut of online sales to their landlords?

Some property owners think this would be a fair trade off in the clamor for more flexible rent arrangements. So far, though, there is no good way to measure what landlords might be entitled to and tenants have few reasons to play ball.

RETAILERS LOOK TO SELL PRE-OWNED CLOTHING IN PANDEMIC PERK UP

From global fashion players like Zara and H&M to mom-and-pop stores, most retailers are demanding better terms from landlords as the Covid-19 pandemic slows sales, particularly offline. In the U.K., shop owners received only two-thirds of the quarterly rent they were owed in the three months to Sept. 22, according to data by Remit Consulting. More tenants

Read More

Let’s be honest, this year has been a challenge. For many it’s hard to get motivated about much of anything new right now. Except, there’s never been a better time to start something new for your business, and it has nothing to do with the pandemic. There’s just never going to be a better time than now to get started. 

Starting a podcast for your business could be one of the most effective ways to connect with your customers and find potential customers. Before I walk you through how to get started, here are a few reasons why a podcast might be a worthwhile investment for your business:

You’re the Expert

Hosting a podcast establishes you as an expert in the minds of your audience. Not everyone hosts a podcast, but the fact you do provides a level of validation that you are recognized as someone who can be trusted. 

Read More

Investment Conclusion

Jack in the Box (JACK) has a simple story. It is a regional hamburger chain that has carved out a distinctive identity based on its innovative indulgent side items, its all day: breakfast, lunch, dinner, and late night menu, its 18/7 and 24/7 hours of operation, and its heavy focus on the drive through experience.

The company that never really evidenced the accelerated growth experienced by its peers except for brief periods in the 1970’s and 1990’s, decided to combat moderating retail sales and shrinking margins by launching a refranchising strategy in 2004. The initiative was completed in 2019 and although margins have expanded significantly over the course of the 15 years it took to enforce the refranchising effort, the effect on gross profits, operating earnings, and net income has been marginal.

To mitigate the sluggish increase in profits and accelerate growth, JACK has implemented wide ranging initiatives

Read More