Somerville’s Main Street on June 2. A sign posted to the lamp post from the Downtown Somerville Alliance advertises curbside pickup and takeout. Downtown Somerville Alliance The pandemic is still raging on in the U.S., yet 64% of small business owners on Main Street are confident that they can survive for more than a year
Month: August 2020
By Randy Rieland, Next Avenue Contributor getty Not everyone who cares for a family member or friend with dementia or a chronic medical condition joins a support group. In fact, most don’t. But people who do, often have made deep connections with those with whom they’ve shared the confusion, frustration and even the anger they
Angel Gurria, General Secretary of the Organisation for Economic Co-operation and Development … [+] (OECD), gestures as he presents the OECD Economic Outlook at the OECD headquarters in Paris on May 21, 2019. – Global trade tensions and political uncertainty are weighing on the world’s economy, the OECD warned on May 21, 2019, cutting its
2020 has been a challenging year for everyone, but especially for those who found themselves sheltering in place in a too-tiny home, or stuck in a city that completely shut down due to COVID-19. In major cities, I’ve seen a huge uptick in people retreating to their more spacious suburban homes, which were usually reserved
A judge granted a preliminary injunction and ordered Uber UBER and Lyft LYFT to start treating their California drivers as employees. It is a sweeping court order for both companies to consider all their drivers as employees. The companies will appeal, of course, but it’s a big victory for California’s tough new law, Assembly Bill
Global cases of the coronavirus have now topped 20 million, even as many regions struggle to ramp up testing to capture the true scale of the global outbreak. In the U.S., daily new cases appear to be decreasing, though testing in several large states, including Texas, has also fallen, which could complicate the data. Russian
President Donald Trump speaks during a news conference at the White House on Monday, Aug. 10. Stefani Reynolds/CNP/Bloomberg via Getty Images President Trump’s executive order to boost unemployment benefits would give jobless Americans $708 a week in total aid, on average. Yet some may get less or none at all, given many caveats to the
President Donald Trump’s executive order to defer the collection of payroll taxes from employees through the end of 2020 has created more questions than answers for businesses and their employees. Normally, payroll tax is a 6.2% tax on a employee’s salary (up to $137,700 annually for 2020) is withheld from their paycheck to fund Social
A worker wearing a protective mask adjusts a torque wrench inside the service area at a Harley-Davidson dealership in Oakland, California, on Thursday, July 16, 2020. David Paul Morris | Bloomberg | Getty Images The dark side of good earnings: Companies are talking about turning “furloughs” into permanent layoffs. You knew this was coming. It’s
seksan Mongkhonkhamsao Americans should be wary of fraud as Washington lawmakers debate the contours of another round of potential financial relief, according to an alert issued Tuesday by the Federal Trade Commission. Consumers should be cautious of solicitations asking them to pay for access to certain financial assistance, like stimulus checks and job opportunities, according
Virginia Ali, co-owner of Ben’s Chili Bowl, one of the many Black-owned businesses on Avenue U in Washington D.C., sits near photos of her and her husband Ben, on June 15, 2020. Numerous studies have shown that African-American entrepreneurs, particularly in the service sector such as restaurants, have suffered most severely from the economic and
Boy amongst watermelons in Ajijic, Mexico Chuck Bolotin This morning, from the viewpoint of our master bedroom, I woke up to a spectacular view of Lake Chapala, in the Mexican highlands. There had been a light rain the night before. Scanning past our expansive, freshly mowed lawn with the newly planted palm trees my wife had the
Ben Harris is the President of Westview Land and Harris Investments, LLC. getty Economic downturns are typically not helpful for real estate values, and land is certainly not immune to the effects. However, the economic contraction we are currently experiencing is different. Demand for land is stronger than I have seen it in the 10 years that
The Chinese government’s efforts to tamp down speculation in property markets will mean that funds will flow to equities instead, allowing for more upside in onshore equities, an economist said on Tuesday. “We think the liquidity will likely go to the equity market,” said Zhiwei Zhang, president and chief economist at Pinpoint Asset Management. Although
Aerial view of Lujiazui Financial District at dusk, Pudong, Shanghai, China. Fei Yang | Moment | Getty Images U.S. sanctions on Hong Kong leader Carrie Lam raises uncertainty for international banks that were looking at a historic opening of the Chinese financial market. The U.S. Treasury announced Friday sanctions on the semi-autonomous region’s chief executive and
A passion for eating permeates Istanbul, a city that famously straddles Europe and Asia, one whose cuisine has long been known for its variety and quality. In addition to the traditional purveyors of impeccable grilled fish and meats, intoxicating street food and famously fragrant desserts, several restaurants are taking the concept of “Turkish cuisine” in
A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is manufacturing its Starlink satellites at an unprecedented rate for the space industry, analysts say, as the company dives headlong into building a space-based global internet service. Elon Musk’s company told the Federal Communications Commission in a presentation last month that its Starlink unit
A Social Security Administration office in San Francisco. Getty Images President Donald Trump’s executive order calling for a payroll tax holiday is prompting many to ask: What does that mean for the future of Social Security? Whether the president’s move ultimately will hurt the program depends on who you ask. Payroll taxes are taken from
US President Donald Trump signs executive orders extending coronavirus economic relief on August 8, … [+] 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images Throughout the 3 ½ years of his presidency, Donald Trump has disrupted nearly every major institution of government, save one. He
© 2019 Bloomberg Finance LP While a lot has been written about when the second stimulus check will go out, many are still waiting for some or all of their first stimulus check. Until now, taxpayers were pretty much on their trying to navigate the IRS website. Starting today, however, those still waiting for their
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