Every household flooded by Hurricane Harvey faced a difficult path to recovery. But financially struggling families without flood insurance were less likely to recieve disaster assistance and more likely to go bankrupt than their more financially secure counterparts, according to researchers at the University of Colorado at Boulder and Federal Reserve Bank of St. Louis.
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The social network announced that it will soon be testing its own version of “stories” or posts that disappear after a set amount of time. Dubbed “fleets” in Twitter lingo, the new disappearing posts will be the first other than tweets to appear on its platform.
And here's another article:
Here are the topics Baton Rouge's business chamber looks to influence in the Legislature |
Coronavirus looms over local restaurants, slowing business | News | Mountain View Online |
Vina Enoteca in Palo Alto is estimating a $50,000 loss from a number of private event cancellations — and is expecting more next week.
Chef Chu's in Los Altos has watched dine-in business drop by 15%, mostly from corporate customers, but takeout is up.
"People are just being more cautious," said Larry Chu, the general manager at Chef Chu's. "It's like going to the supermarket and seeing all the shelves of dried pasta and dried foods and toilet paper all empty. I think panic comes from fear."
Defense Department Needs to Clean Up Last of Longstanding Business IT Issues, Watchdog Says -
The Defense Department has made significant progress improving management of the IT used for its business processes but work on key areas remains, according to the latest roundup report from the Government Accountability Office.
The department is the largest single organization in government and, per GAO, "one of the most complex organizations in the world." As such, DOD's business processes—all of which include an IT component—are similarly vast and complex.
While you're here, how about this:
Coronavirus outbreak impacts local bridal business
MEMPHIS, Tenn. — A local business owner says her business is already feeling the impact of the coronavirus outbreak.
WREG spoke with a local bridal shop owner who says the coronavirus outbreak has affected 20 percent of her business.
E-ling Ballew says she’s been in the bridal industry since the 1980s, helping people in the Mid-South find the wedding dress of their dreams in a timely matter.
However, she says the quick, overseas coronavirus outbreak is threatening that process. Like many Mid-South small business owners, Ballew’s products are made in China.
Business this week | The world this week | The Economist
Stockmarkets swung wildly following the worst sell-off over a week for more than a decade. The Federal Reserve made an emergency half-a-percentage-point cut to its benchmark interest rate, to a range of 1-1.25%. The Fed last cut rates by half a point in October 2008, the maelstrom of the financial crisis. This time investors fear the potential impact of the spreading coronavirus , covid-19. The yield on ten-year us Treasury bonds fell below 1% for the first time.
The impact of the coronavirus lockdown on the Chinese economy was laid bare in new data. An index of activity in services plummeted to 26.5 in February from 51.8 in January (a reading below 50 indicates a contraction in activity). In Hong Kong a measure of general business activity plunged to 33.1, the lowest since the survey started in 1998.
Clark County businesses bracing for virus impact - Columbian.com
The impact of COVID-19 on Clark County’s business community remains mild, according to business leaders, but they say that could change if the virus gains a foothold in the county.
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But overall, Takach said there’s not much of a change in business right now. Hotel franchises are reacting by calling Vesta to reaffirm their cancellation policies and their cleaning policies, he said.
At the one local hotel owned by Vesta, The Homewood Suites by Hilton Vancouver-Portland, a few people have canceled their reservations because of the virus, Takach said.
Starbucks China business is recovering from coronavirus closures
Starbucks warned investors on Thursday that store closures in China due to the coronavirus outbreak are likely to result in a 50% decline in its same-store sales in China during its fiscal second quarter.
However, it said that it was seeing signs of a pickup in its business in China, and it hasn't yet detected any slowdown in the U.S. Shares of the company fell less than 1% in extended trading.
For the entire fiscal year, the shuttered stores will cut revenue by between $400 million and $430 million in China, the coffee chain said in a filing with the Securities and Exchange Commission.
Happening on Twitter
JUST IN: Elizabeth Warren plans to drop out of the presidential race on Thursday and will inform her staff of her p… https://t.co/4rP3HTI2FZ business (from New York and the World) Thu Mar 05 15:46:12 +0000 2020
BREAKING: Fear dominated financial markets again on Thursday, with stocks closing down almost 1,000 points on worri… https://t.co/z7KIZTdfBf ABC (from New York City / Worldwide) Thu Mar 05 21:01:24 +0000 2020
Mike Pence is visiting surgical-mask maker 3M and one of the U.S. areas hardest hit by the novel coronavirus on Thu… https://t.co/OyOxWgyEvM business (from New York and the World) Thu Mar 05 18:34:05 +0000 2020
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