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The UK is running a trade surplus. No, really, I am not joking. This is from the ONS’s latest trade statistics release:

The UK total trade surplus, excluding non-monetary gold and other precious metals, increased £3.8 billion to £7.7 billion in the three months to August 2020, as exports grew by £21.4 billion and imports grew by a lesser £17.5 billion

It’s the first time the UK has run a trade surplus since the late 1990s:

And if you were thinking this was because of the lockdown, you would be wrong. The UK has been running a trade surplus since the beginning of 2020:

Admittedly, the trade surplus widened under the lockdown. But the UK economy reopened to some degree from June to August – and yet the trade surplus continues to widen.

This is no doubt music to the ears of balance of payments obsessives. Could the UK at

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The Fixed Income Market is a Growing Disaster

(New York)

The fixed income market used to be where you went for safety and steady income. Those days seem long ago, and fixed income is not just as likely as any other asset class to eb the riskiest and most volatile in your portfolio. Between COVID and the Fed, interest rates are extremely low, with yields low and bond price very high, and vulnerable. Some have been comparing the situation to Japan in the 1990s and beyond, but there is a huge difference that makes the US bond market much worse than Japan ever was—inflation. When Japan started its massive zero rate, ultra-low yield period, it was experiencing deflation, which meant there was still a positive real rate. But that is not true in the US today, as yields are actually well below real-world inflation, meaning genuinely negative real interest rates.

FINSUM: There is ultimately going to have

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(Bloomberg) — The mass extinction of species will be catastrophic for economic development, global leaders warned as they lamented that the international community they themselves are part of has failed to meet any of the biodiversity targets set a decade ago.


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No specific set of actions is expected to emerge from the United Nations biodiversity summit, during which at least 112 heads of state and government will present statements to each other and to a digital audience. Global leaders acknowledged the fragility of the environment and the need to preserve animal and plant species. One after another, they called for more action and bold steps to avoid climate collapse. 

“Much greater ambition is needed,” United Nations Secretary General Antonio Guterres said during the day-long summit’s opening speech. “Degradation of nature is not purely an environmental issue. It spans economics, health, social justice, and human rights.” 

At least 1

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The morning of Sept. 9 started out as any other for Brian Garrison, owner of Garrison’s Home and Garrison’s Sleeper in Southern Oregon. Just a few hours later, he saw two of his four stores burned to the ground in a fire that swept through the Rogue Valley, Oregon.

Fortunately, Garrison and his business are doing OK.

“We had just finished a massive remodel (of the two stores that burned) two weeks ago,” said Garrison. “The stores looked so good, and sales (after the COVID-19 shutdown) were starting to improve. The staff was so proud, and we had so much positive energy.”

Garrison’s Home store sign. (Photo: Handout)

Increasingly, small businesses are victims of natural disasters – whether it’s fires, hurricanes and tropical storms, floods or blizzards. Emergency preparedness now needs to be part of your business plan.

How does a sweet potato café survive during the pandemic?This

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Washington, Sept. 16, 2020 (GLOBE NEWSWIRE) — The  U.S. Small Business Administration today announced the 2020 National Small Business Week Phoenix Award winners for their outstanding and inspiring resilience in the aftermath of devastating disasters.  

The virtual National Small Business Week event, rescheduled from May due to the coronavirus pandemic, will be held September 22-24. This year’s National Small Business Week activities will include numerous educational panels providing retooling and innovative practices for entrepreneurs as our nation’s small businesses look to pivot and recover toward a stronger economy.

Since 1998, the SBA has presented Phoenix Awards to business owners, public officials, and volunteers who displayed selflessness, ingenuity, and tenacity in the aftermath of a disaster, while contributing to the rebuilding of their communities.

This year’s recipients include two Texas small business owners who rebounded after massive inventory losses from Hurricane Harvey; an Ohio County Commissioner who swiftly responded to the

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The “Disaster Recovery Business Continuity – Gold Edition – 2020 Edition” report has been added to’s offering.

In most organizations, Disaster Recovery Planning is the quintessential complex, unfamiliar task. Disasters happen so rarely that recovery operations are the opposite of routine. What’s more, the myriad interconnected data, application and other resources that must be recovered after a disaster make recovery an exceptionally difficult and error-prone effort. Even if you have never built a Disaster Recovery plan before, you can achieve great results. Just follow the DR Template that Janco has created and you will have a functioning plan before you know it.

All Business Continuity Disaster Recovery Planning efforts need to encompass how employees will communicate, where they will go and how they will keep doing their jobs. The details can vary greatly, depending on the size and scope of a company and the way it does business. For

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The MarketWatch News Department was not involved in the creation of this content.

Aug 19, 2020 (Market Insight Reports) —
The Global Disaster Recovery as a Service (DRaaS) Market research report primarily aims to hint at opportunities and challenges in the global industry. The report also underscores potential risks, threats, obstacles, and uncertainties in the market and helps clients in intuiting them precisely and operating their business accordingly. The report covers an extensive span of the global Disaster Recovery as a Service (DRaaS) market ranging from historical and current events to futuristic stitch of the market.

Click the link to get a Sample Copy of the Report:

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Disaster Recovery as a Service (DRaaS) Market: Microsoft Corporation, iland Internet Solutions, TierPoint, LLC, Cable & Wireless

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Hundreds of thousands of Iowa households and businesses have seen lengthy power outages after last week’s storms. The National Guard is helping to restore electric service. (Adobe Stock)

August 17, 2020

CEDAR RAPIDS, Iowa — Many parts of Iowa are still reeling from last week’s storms and their widespread damage. And lower-income residents are being reminded that emergency help is available.

The storms left scores of Iowans without power, and many are still waiting for electricity. First District Rep. Abby Finkenauer said food access is another big concern, with supplies going to waste during the lengthy outages.

She said the type of storm that happened, known as a derecho, brought hurricane-like conditions to a region not used to something so destructive coming with little warning.

“With hurricanes, you typically have days’ notice, at least usually, to be able to get medication, prepare for not having electricity, you name it,” Finkenauer

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 Last month was an odd sort of anniversary at Microsoft. In the summer of 2015, Taylor Swift’s Bad Blood and Wiz Khalifa’s See You Again topped the charts while speculation about the iPhone 6S was running wild. 

And that July, Microsoft announced one of its most spectacular fails — ever.

Satya Nadella, just a year into his tenure as Microsoft CEO, announced a $7.6 billion financial loss for Microsoft because of the company’s failed acquisition of phone giant Nokia, announced in 2013. Worse, 7,800 workers would lose their jobs. Nadella pretty much said they’d step back from the smartphone market in the near future.

“We are moving from a strategy to grow a standalone phone business to a strategy to grow and create a vibrant Windows ecosystem including our first-party device family,” Nadella said in an email to Microsoft employees at the time. “I am committed to our first-party devices,

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Joseph Semprevivo
Published 11:00 p.m. ET Aug. 12, 2020

Like many Democrats, Joe Biden is full of promises. The Democratic presidential candidate recently vowed to create 3 million jobs in caregiving and early education as part of his “Build Back Better” economic agenda.

Investing $1.3 trillion into American infrastructure. Moving the U.S. economy to net-zero greenhouse gas emissions. Rebuilding the middle class. These are all Biden promises, yet his treatment of small businesses is even more troubling than the hot air.

According to Biden’s campaign website, the plan for small business is to punish “corporate America.” In promising to help “small businesses and entrepreneurs come out on the other side of this crisis,” the Biden campaign immediately pivots to addressing bailouts for “big corporations and Wall Street.” Biden will purportedly “ensure that corporate America finally pays their fair share in taxes,” yet makes no mention of the tax and regulatory

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