(Bloomberg Opinion) — The visa program for skilled workers is a net positive for American society despite a number of problems that make it a target of critics who worry that cheap foreign workers are taking Americans’ jobs and lowering wages.

Loading...

Load Error

Fortunately, the country may already be on the way to fixing those problems. The first step, an increase in the minimum wage for H-1B visa holders, has just happened.

The H-1B program is often discussed as a way to alleviate labor shortages: Import foreign specialists to do work that native-born Americans are unavailable to do. That’s how advocates often sell the program, and it fits the common idea of jobs as a fixed resource to be parceled out. In fact, helping companies “who cannot otherwise obtain needed business skills and abilities from the U.S. workforce” is right there in the program’s mission statement.

But in reality, relieving

Read More

(Bloomberg) — Gulf banks are entering an age of weaker profits as a result of the coronavirus outbreak and a decline in crude prices, according to S&P Global Ratings.

“The pandemic and drop in oil prices could mark the start of a new era,” S&P analysts led by Mohamed Damak in Dubai said in a report. “This new era is characterized by a decline in oil wealth, a lower multiplier effect in the local economies, and lower profitability.”



chart, bar chart


© via Bloomberg


With a sluggish economic recovery likely to hold back lending in the six-member Gulf Cooperation Council, a period of reduced profitability could be “longer lasting,” according to S&P. The rating company also predicts that regional banks’ asset quality may deteriorate at a faster rate.

“Rated banks in the GCC face an uphill struggle in the next 18 months due to the protracted nature of the economic recovery and the

Read More

Running an online business and being your own boss definitely has its appeal. In fact, it’s so enticing that the number of registered online businesses in the country is now 40 times more in the past five months[1]. Definitely, the internet is a great medium to connect with customers without leaving home. However, starting an online business also has its challenges—the biggest one is coming up with enough money for capital. But don’t worry because there are many online business ideas you can start for as low as PHP 2,000.

Want to take the leap? Keep on reading to learn more about online business ideas in the Philippines you can start in 2020.

Online Business Ideas 2020

1. Make Artisanal Candles

online business ideas 2020 – candle business

Aromatherapy candles can help people relax after a tiring day. They are perfect to cap off a busy workday,

Read More

Allison Barr Allen is the Co-Founder and Chief Operating Officer at Fast, based in San Francisco.

As Covid-19 drove people into lockdown this year, it also drove them online in nearly every aspect of their lives. Entire companies relocated to Zoom. Doctors treated patients through computer screens, and e-commerce giants saw their profits soar. Meanwhile, small businesses, particularly those that depend on a physical presence to sell their products or services, have been hit hard. Just as online shopping went from a convenience to a necessity for consumers, digital channels have become a requirement for retailers of all types and sizes to survive. And even when the pandemic is over, there is ample evidence that customers will continue to shop online in ever-greater numbers.

While most retailers today have some kind of online presence, the world of e-commerce technology can be vast and confusing. It seems like it

Read More


Coaching can take many forms—life, executive, career, skills—but all share the same mission: to help people unlock answers. As human beings, we are often the biggest block to ourselves and our progress, unable to realize our potential without someone else shining a light on it. The result is that coaching businesses have been booming.

In the professional sphere, one survey found that almost one in six entrepreneurs were using business coaches for self-improvement. The life coaching market in the U.S. alone is worth $1 billion. While there is high demand for coaching, newcomers hoping to get traction in the industry are heavily dependent on establishing a reputation and starting new conversations around wellbeing, critical thinking, and positive action. Unlocking that

Read More

GRAPEVINE, Texas, Oct. 12, 2020 (GLOBE NEWSWIRE) — GameStop is rolling-out deep holiday savings early this year with the launch of its first-ever ‘1Up’ 48-Hour sale. Beginning Oct. 13, at 12AM CST, gamers, collectors and gift-givers will receive (online only) significant discounts on the hottest video game and pop culture collectibles merchandise on www.gamestop.com and the newly redesigned and recently launched GameStop mobile app, which offers more personalized and localized experiences, enhanced product find-ability, daily deals, digital wall capabilities, a gaming news hub and much more.

GameStop is not stopping there, as the holiday savings continue with the popular PRO Days event, which begins Oct 15 – 16 for PowerUp Rewards Pro members. Pro members can save more than $1,000 in exclusive deals on video game hardware, software, accessories, and pop culture merchandise, like statues, board games, and other collectible items. GameStop is extending the PRO Days sale to Oct.

Read More

In the space of just a few months,

Zoom Video Communications


ZM 1.23%

has become a household name—even a verb. But is that all the company is?

That question hangs over what has been the tech industry’s most remarkable success story in recent years. Born of a desire to improve on clunky workplace collaboration tools like WebEx, Zoom found its business upended by the pandemic in the best possible way. For millions confined to their homes, Zoom was suddenly the only way to have face-to-face conversations with people not sharing the same dwelling.

That has resulted in astounding business growth. Zoom was generating a little over $600 million in annual revenue before the pandemic struck. For the trailing 12-month period ended in July, that had more than doubled to $1.3 billion. For Zoom’s fiscal year ending in January, Wall Street projects revenue of nearly $2.4 billion.

But the stock’s sky-high

Read More

Wall Street registered back-to-back weekly gains with the S&P 500 and Nasdaq Composite Index seeing their best week since July, and the Dow Jones enjoying biggest weekly rise since August.

The optimism came primarily on the back of prospects for another round of fiscal stimulus from Congress. Per Fox Business News, there were “really good” odds of reaching a deal with Democrats in Congress on a new round of coronavirus stimulus for the battered U.S. economy. A report from the Wall Street Journal stated that Treasury Secretary Steven Mnuchin is drafting a proposal worth $1.8 trillion, closer to the $2.2 trillion package proposed by U.S. House Speaker Nancy Pelosi (read: 5 ETFs Rising as ‘Reflation Trade’ Picks Up on Stimulus Hope).

Additionally, growing expectations of a Democratic victory in next month’s presidential election is driving the stocks higher. Market speculators believe that if the Democrats take the White House and

Read More

Coaching can take many forms—life, executive, career, skills—but all share the same mission: to help people unlock answers. As human beings, we are often the biggest block to ourselves and our progress, unable to realize our potential without someone else shining a light on it. The result is that coaching businesses have been booming.



a man and a woman sitting at a desk


© ljubaphoto | Getty Images


In the professional sphere, one survey found that almost one in six entrepreneurs were using business coaches for self-improvement. The life coaching market in the U.S. alone is worth $1 billion. While there is high demand for coaching, newcomers hoping to get traction in the industry are heavily dependent on establishing a reputation and starting new conversations around wellbeing, critical thinking, and positive action. Unlocking that uniqueness is a bold endeavor in a highly-saturated business.

Loading...

Load Error

Nonetheless, the coaching landscape is constantly in motion, and there is always potential for

Read More

Spain's Rafael Nadal plays a shot against Argentina's Diego Schwartzman in the semifinal match of the French Open tennis tournament at the Roland Garros stadium in Paris, France, Friday, Oct. 9, 2020. (AP Photo/Michel Euler)

Michel Euler/Associated Press

Novak Djokovic and Rafael Nadal will meet for the ninth time in a Grand Slam final Sunday at the 2020 French Open. 

The two legendary players have not met in a title clash at a major since the 2019 Australian Open. Most of their head-to-head showdowns in Grand Slam finals occurred at the start of their reigns atop the men’s game alongside Roger Federer.  

Nadal is chasing after his 20th overall major and 13th crown on the clay at Roland Garros, while Djokovic is trying to capture his second title in Paris and 18th overall major. 

As he typically does in Paris, Nadal dominated his first six matches on the path to the final, as he won every set. 

Djokovic faced more difficulties in the previous two rounds, and he will enter at a disadvantage based off those recent struggles and Nadal’s career-long form on clay.

           

French

Read More