Skip to content



Owner of Q-Tea Premium Tea House and The Sense Spa + Wellness Center, Quan Hoang, pictured on Thursday, Oct. 8, 2020, at 124 S. Military Ave., Green Bay, Wis. “We have to be super careful,” he said. “Customers are required to wear a mask when they enter the building. They are asked to wash their hands once they enter the building and we have installed air ventilation systems which we hope can keep us safe.” (Photo: Ebony Cox/USA TODAY NETWORK-Wisconsin)

The region’s explosion of coronavirus cases doesn’t just threaten more lives but could reverse Wisconsin’s economic recovery as it infects more of the workforce and saps consumer demand. 

Wisconsin’s Department of Health Services is reporting more than 2,300 new, positive test results each day right now with the Green Bay, Appleton, Oshkosh, Fond du Lac and Marinette areas all in counties with very high case activity. They’re among the

Read More

Karyn Kuhl loves strumming her guitar and belting out the Beatles’ Yellow Submarine to an audience of excited toddlers. Kuhl, a professional musician and the owner of Little Rock n’ Rollers, teaches weekly children’s music classes in New Jersey. But her business, and her income, fell by roughly half earlier this year as the lockdown kept her young students at home and the pandemic’s economic fallout closed the music store where she held classes.

But the arrival of warmer weather gave her the option to hold classes outside – helping to revive her businesses.

Throughout the summer and early fall, Kuhl’s kids and their grown-up caregivers socially distanced themselves on picnic blankets, sang, danced and signed up for more of her classes. But Kuhl wonders what will happen when colder temperatures inevitably drive those families back indoors – and her income back down.

“Families have been thrilled to be together

Read More

Indonesian Rupiah, Indian Rupee And Filippino Peso As Gloom Lifting From Asia's Emerging Currencies After Rate Hikes

Photographer: Brent Lewin/Bloomberg

Indian bond traders’ worst fears may be realized this week if Prime Minister Narendra Modi’s government announces a further increase to its mammoth borrowing plan.

Traders expect the government to lift its borrowing estimate for the October-March period to six trillion rupees ($81.5 billion) from the existing 5 trillion rupees, according to 10 out of 16 traders in a Bloomberg survey. The timing for this increase couldn’t be worse as the Reserve Bank of India is set to keep its policy rates on hold on Thursday amid a persistently high inflation.

“With no rate cut baked-in, the only thing the market is waiting for is the borrowing calendar, and cues in the RBI policy,” said Lakshmi Iyer, chief investment officer debt at Mumbai-based Kotak Mahindra Asset Management Co. “Additional borrowings will definitely spook the market if there isn’t a game plan to support extra

Read More

IOWA CITY — Danny Standley was expecting to have Iowa football’s home opener Sept. 5 on the television screens at Big Grove, not the Eastern Kentucky vs. Marshall college game.

There was supposed to be a DJ playing music and four signs spelling out “IOWA” on the stage.

But not this year.

A room usually full with fans donning black and gold and eyes glued to a projector screen was empty. The restaurant and brewery still had more than 125 people there, but it was a fraction of what its “Kinnick outside of Kinnick” environment usually held.

A couple miles away, Rich Wretman walked to Kinnick Stadium, like he’s done the past 45 years on the first Saturday of September. But he didn’t spend money at the pregame and postgame tailgates, nor was he wearing any black and gold. A parking lot next to Kinnick usually packed with tailgaters had

Read More

Photograph by Bobby Bruderle

Text size

Dalal Salomon, CEO and founding partner of Salomon & Ludwin in Richmond, Va., was born in Honduras to Palestinian parents, became a U.S. citizen at age 7, and was raised in Flint, Mich., above a grocery store owned by her father. She has decades of advisory experience and a business degree from Michigan State University, but it’s her immigrant, working-class roots that she credits most for her success building her almost $1 billion-under-management practice.

Barron’s: What life lessons have been important to your career?

We typically have the next three-to- five years of income set aside, so we don’t have to make adjustments when the markets are down.

— Dalal Salomon

Dalal Salomon: I learned from my parents never to judge people by their color, religion, or economic status. Because we felt the discomfort and pain of being judged, we understood

Read More

The University of Alabama in Tuscaloosa makes up a sizeable portion of the city’s population of roughly 100,000. Mayor Walt Maddox says losing an entire semester of school would be “economically disastrous for our community.”

Wesley Hitt/Getty Images

hide caption

toggle caption

Wesley Hitt/Getty Images

The University of Alabama in Tuscaloosa makes up a sizeable portion of the city’s population of roughly 100,000. Mayor Walt Maddox says losing an entire semester of school would be “economically disastrous for our community.”

Wesley Hitt/Getty Images

Across the country, colleges and universities are struggling to decide how to teach students in the midst of the COVID-19 pandemic. Some schools have turned to remote learning; some have attempted to reopen campus with various precautions in place. Others are trying a mix of both.

For the municipalities that are host to colleges and universities, these decisions can be costly. Whether it’s curtailing the spread of

Read More

BEIJING/SHANGHAI (Reuters) – Four of China’s five largest state-owned banks said they have increased their provisions against bad debt to brace for future losses due to the impact of the global coronavirus pandemic.

All five reported their biggest profit falls in at least a decade and an increase in soured loans when announcing their half-year results on Sunday and last week.

The results highlight the impact of the pandemic and the economic slowdown on Chinese banks that bucked the first-quarter global trend with higher profits and steady bad loans.

Agricultural Bank of China Ltd (AgBank) said “the lagging impact of the epidemic and the risk of uncertainty are expected to be further transmitted to the banking industry,” in its half-year results on Sunday.

China Construction Bank Corp (CCB), the country’s second-largest lender by assets, said it plans to assess credit risks and up provisions, just as Bank of China Ltd

Read More

What lies beyond the pandemic? MassForward is MassLive’s series examining the journey of Massachusetts’ businesses through and beyond the coronavirus pandemic.

a bridge over a body of water: View of Springfield from West Springfield.

© Douglas Hook |
View of Springfield from West Springfield.



Load Error

Due to the coronavirus pandemic, expenses for many businesses across Massachusetts are going up, but incomes have declined for most industries, some by fifty percent or more in many cases. In Western Massachusetts, tourism, restaurants and entertainment venues have seen the largest declines with many businesses looking at furloughs, layoffs and in some cases closures.

Steve Clark, director of Government Affairs at the Massachusetts Restaurant Association told MassLive on Tuesday that roughly three to four restaurants are closing daily across the Bay State as a result of the pandemic.

“There’s a whole number of additional costs that have been added to the industry,” said Clark. “Whether it’s [personal protective equipment] or retrofitting your restaurant or

Read More

United Flight Attendant Jennifer Ritter.

Source: Jennifer Ritter

The coronavirus pandemic has been so devastating to the airline industry that even flight attendants with decades of experience have been told that their jobs are at risk.

Jennifer Ritter is one of them.

“I can’t see myself doing anything else,” said Ritter, 50, who joined United Airlines as a flight attendant in 1998. Ritter, who is also an officer at the United chapter of the Association of Flight Attendants-CWA labor union, has endured industry traumas including the 9/11 attacks, bankruptcy, the financial crisis and a merger.

United Flight Attendant Jennifer Ritter with her husband, an American Airlines pilot.

Source: Jennifer Ritter

Then based in Boston, Ritter said she thought at the time that the Sept. 11 attacks were “probably the worst thing that could ever happen to the industry.”

Flights were called off for three days, airlines quickly furloughed thousands of

Read More

Designed using Magazine News Byte. Powered by WordPress.