Friday, June 11, 2021

Evansville Business Asking Maskless Customers for Proof of Vaccination

The owners of Evansville Esports say the decision to require maskless individuals to provide proof of vaccination was made based on feedback provided by customers.

By now, many businesses have dropped their mask requirements for customers fully vaccinated against COVID-19 - but one business on Lincoln Avenue in Evansville is making sure its maskless customers have truly received their shot.

Evansville Esports, a video game center located across from the University of Evansville on Lincoln Avenue, decided to drop its mask mandate for anyone who's received the COVID-19 vaccine - but the business says that any customer wishing to go mask free will have to show proof of vaccination.

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Publisher: WEVV News
Twitter: @publisher_handle
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Business Travel in the Age of Zoom - Worth

Business travel is an important part of the economy. A study from Oxford Economics found that $12.50 of additional revenue is generated in the economy for every $1 spent on business travel. Critical to the hotel industry and to the meetings and conventions industry, it is also an economic necessity for airlines who rely on business travelers because they frequently buy tickets at the last moment, often paying top dollar. According to travel software firm Trondent Development Corp.

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Publisher: Worth
Date: 2021-06-10T12:00:51 00:00
Twitter: @worthmag
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California state regulators reverse controversial workplace mask rule after outcry from business

After a controversial workplace mask regulation sparked outrage from the California business community, state regulators voted late Wednesday to reverse that decision. 

A server tends to customers in an outdoor dining area amid the COVID-19 pandemic on The Promenade Wednesday, June 9, 2021, in Santa Monica, Calif. (AP)

The board initially rejected the mask place regulation before giving it the go-ahead in early June – a decision that prompted anger from business advocacy groups that said it would place an undue burden on employers. 

Publisher: Fox Business
Date: 2021-06-10
Twitter: @FoxBusiness
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Offices are reopening, but business isn't rebounding at dry cleaners. - Chicago Tribune

As Chicago looks to put the COVID-19 pandemic behind it, residents are quickly returning to the businesses they used to frequent. But for many, the city's dry cleaners are no longer part of the weekly routine.

The pandemic has diminished the use of professional and formal attire, leaving the dry cleaning business well below 2019 levels and causing cleaners to worry that COVID-19 has permanently altered the viability of their industry, which has struggled ever since no-iron shirts become popular. It's a decline that hits particularly hard in the Korean American business community, whose members own the majority of the dry cleaners in the state.

Publisher: chicagotribune.com
Date: AAC9C18F70AC386BC4DCF4DDF9BF1786
Author: Denny Jacob
Twitter: @chicagotribune
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Business this week | The Economist

A consortium of private-equity funds, which includes Blackstone , reached an agreement to take a majority stake in Medline , a privately held supplier of medical equipment. At $34bn the deal is one of the biggest ever buy-outs involving private equity.

The American Senate passed a mammoth bill that aims to counter China's rising expertise in technology . The legislation would, among other things, fund research in artificial intelligence and quantum computing and support the American chip industry. The House of Representatives will soon debate its version of the bill. Separately, Joe Biden ordered a security review of all apps based in countries such as China.

Publisher: The Economist
Twitter: @TheEconomist
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RH takes its business inspiration from architecture and the dead - MarketWatch

In his letter to stakeholders accompanying the company's first-quarter results, RH Chief Executive Gary Friedman explained some of the attributes of the company's business model.

Friedman says RH has become a "luxury brand generating luxury margins" for a few reasons, including its 2016 move to a membership model, its luxury positioning, which makes it less vulnerable to economic downturns, and its calendar-agnostic inventory.

"We don't offer seasonal categories like Valentine's Day, Easter, Halloween, Thanksgiving or Christmas," the letter said.

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Publisher: MarketWatch
Date: 2021-06-10T12:08:00-04:00
Author: Tonya Garcia
Twitter: @marketwatch
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What OSHA's Updated Covid Guidelines Mean For Business Leaders

Group of young business team wearing protective masks and discussing work together at the table ... [+] during meeting

Berndt said, "While OSHA said they're going to use their discretion 'to avoid citing employers who miss a compliance deadline but are making a good faith effort to comply with the ETS,' this doesn't remove the urgency.

"Companies would be wise to adhere to the provided guidance" and (1) conduct a hazard assessment; (2) create a written plan to mitigate virus spread; and (3) provide healthcare workers with N95 respirators or other personal protective equipment. "By following these three steps, business leaders will take care of their employees and be able to respond affirmatively to any OSHA audit," he advised.

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Publisher: Forbes
Date: 2021-06-10
Author: Edward Segal
Twitter: @forbes
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BlackRock becomes first to operate wholly owned China mutual fund biz | Reuters

The BlackRock logo is pictured outside their headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri

BlackRock, the world's biggest asset manager, on Friday said the China Securities Regulatory Commission (CSRC) had given its Chinese fund management unit approval to begin operations.

China scrapped foreign ownership caps in its mutual fund and securities sectors on April 1, 2020, under a Sino-U.S. trade deal.

Publisher: Reuters
Date: 2021-06-11T02:53:51Z
Author: Reuters
Twitter: @Reuters
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U.S. applications to start a business rise steadily in May | Reuters

Applications to start new U.S. businesses rose in May as economic activity continued to accelerate.

The Commerce Department said on Thursday that business applications increased 1.2% to a seasonally adjusted 500,219 last month. The data is derived from business applications for tax identifications.

There were a seasonally adjusted 52,499 applications from corporations, down 0.8% from April. Applications for businesses with planned wages totaled 57,000, an increase of 0.9% from the prior month.

Publisher: Reuters
Date: 2021-06-10T14:59:36Z
Author: Evan Sully
Twitter: @Reuters
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Advice for starting your dream small business - Talk Business & Politics

As the pandemic recedes and business optimism rises, opportunities to start a small business may abound. Additionally, the disruptions of the previous year have prompted many people to dust off their dreams of starting their own business.

Should this apply to you, I'd like to share some thoughts that could prove helpful early in the process of pursuing this endeavor.

There are some basics for all first-time small-business owners. First and foremost, you need to start with an idea you're passionate about. Should you start your business, this adventure will be pretty consuming, so you want to be fired up about it. Does your heart rate speed up as you share your vision with others? Do you find yourself visualizing the success of your business? These are good signs that you may have a passion for persevering beyond hurdles and setbacks.

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Publisher: Talk Business & Politics
Date: 2021-06-10T16:13:05 00:00
Twitter: @robybrock
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