As COVID-19 continues its advance, it is showing that much we believed was wrong. As it turns out, thousands of businesses, universities, and other organizations can pivot to a totally virtual environment in days, not years. Societies divided by politics and inequality can quickly come together in shows of mass solidarity. The pollution over China can magically disappear.
That means these are days for challenging dogma — nowhere more so than in how we understand the role of business in our societies.
Other things to check out:
U.S. small-business revenue is down 40%. In Boston, it's nearly twice as bad. - masslive.com
Small businesses in and around Boston have lost a higher percentage of their revenue during the Covid-19 pandemic than their counterparts in almost every other major U.S. metropolitan area, including hard-hit cities like New York, according to a new Harvard-developed data tracker.
As of April 25, total small-business revenue had decreased by 74.9% in Suffolk County compared to early January, according to Harvard University 's Opportunity Insights Economic Tracker, which provides close to real-time data on the pandemic's economic effects.
Aspen Institute think tank gets $8 million in Small Business Administration funds - The
The Aspen Institute think tank accepted more than $8 million in federal small-businesses funds despite having a $115 million endowment and a board of trustees populated by billionaires.
But many other large recipients have decided to return money from the Small Business Administration fund, called the Paycheck Protection Program, with executives acknowledging they have access to capital that many smaller, independent employers do not.
Aspen's decision to accept the money has created a division among the organization's many fellows and moderators who run its programs. Fellow and moderator Dele Olojede, a Pulitzer Prize-winning reporter, called the decision to keep the money a contradiction of the organization's mission to foster service-oriented leadership for the public good.
California officials allow Tesla plant to reopen with "minimum business operations" - CNN
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Alabama businesses receive grants from Verizon's Small Business Recovery Fund - al.com
Three Alabama businesses have received grants from the first round of Verizon's Small Business Recovery Fund.
In Alabama, the grantees are Ferrill African Wear in Birmingham, Humble Beginnings Beauty & Boutique in Pennington, and Shawn Cypret Construction in Elkmont.
Applications for the second round are now closed. The next round of applications will open on May 14.
To develop the Small Business Recovery Fund, Verizon provided a grant to the Local Initiatives Support Corporation (LISC) , a non-profit developed by the Ford Foundation to support community development projects.
Murphy allowing nonessential businesses to reopen for curbside pickup
Gov. Phil Murphy said Wednesday that he will sign an executive order allowing some nonessential businesses to reopen for curbside pickup and allowing the restart of nonessential construction as the coronavirus pandemic appears to be weakening its grip on New Jersey.
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Murphy said his administration has felt the pressure to reopen some businesses, but is responding purely based on "data and science."
Murphy said his decision to reopen some parts of the state economy is tied to an expanded testing and contact tracing regime announced Tuesday. According to state figures, 21,111 individuals have already signed up since Tuesday to assist with contract tracing.
Senators, Business and Labor Feel Their Way on Virus Liability
Congressional Republicans have made liability protection for employers a nonnegotiable demand in any new coronavirus stimulus, but Senator Lindsey Graham, an ally of President Donald Trump, says that regulators have a role to play in the workplace.
The government must “tell the employers what they need to do to protect the workers and hold them accountable if they don’t,” Graham, the chairman of the Judiciary Committee, said at a hearing of his panel on Tuesday afternoon.
Happening on Twitter
Why has Trump so desperately, frantically tried to hide his tax/financial/business records in the Mazars/Deutsche B… https://t.co/yzq8VUiDDM glennkirschner2 (from Washington, DC) Tue May 12 11:28:16 +0000 2020
More good news for the Left: "Over 100,000 small businesses have closed forever as America's pandemic toll escalate… https://t.co/11BeBtpB38 IngrahamAngle (from DC) Wed May 13 01:13:47 +0000 2020
Good news, everyone. Nebraska is no longer reporting the number of coronavirus cases inside meatpacking plants. The… https://t.co/a2WCNLiQ1t jamieson (from Hotcakesland) Wed May 13 00:43:50 +0000 2020
Private equity billionaires: We want a Fed bailout GOP: No problem! Dems: We're good with that, too — and we'll g… https://t.co/F1xXKudvoQ davidsirota (from Denver, CO) Tue May 12 22:27:51 +0000 2020
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