Day: September 29, 2020

Black restaurant week could help some business owners survive

This year’s ‘Black restaurant week’ comes at a time when many business owners are struggling.

Studies show the pandemic disproportionately hurt black-owned small businesses.

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Black restaurant week could be the key to helping business owners survive.

Chef Blake Cressey owns “Tasty Treat” restaurant on North Claiborne.

She says in the midst of her success over the years, nothing would’ve prepared her on how to stay afloat during a pandemic.

“About 41% of Black restaurants went out of business compared to 17% of white restaurants that went out of business,” Cressey said.

She appreciates opportunities like Black restaurant week. It’s a national initiative to highlight black-owned restaurants in 11 different cities.

The co-founder of Black restaurant week, Derek Robinson, said this year it is even more important to shine a light at places like Tasty Treat.

“It’s all about the essential businesses, these cornerstones of

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Workers And Advocates Fight NLRB Union Contact Proposal

Law360 (September 29, 2020, 6:00 PM EDT) — Withholding employees’ email addresses and cellphone numbers from unions deprives workers of information and tips the organizing scales in employers’ favor, workers, unions and others said ahead of a Monday deadline for comments on a proposed National Labor Relations Board rule change.

The bulk of the close to 200 commenters on the NLRB’s third set of revisions to union election procedures opposed the plan, which would roll back an Obama-era rule making businesses turn over workers’ emails and cell numbers ahead of union elections, limiting unions to names and home addresses.

Several business advocates including the National Right to Work Foundation…

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Prop 24 Campaign Treasurer Launches FPPC Complaint Against Opposition For Hiding Payments To Consultant Marva Diaz

SACRAMENTO, Calif., Sept. 29, 2020 /PRNewswire/ — Today YES on Prop 24 Co-Author and Campaign Treasurer Rick Arney filed a complaint against “California Consumer and Privacy Advocates Against Prop 24” for violating campaign laws and failing to disclose payments for services provided by consultant Marva Diaz of Marva Diaz Strategies, who records show has been working for the opposition campaign since July.  Campaign finance reports also show that the opposition campaign is running up debt owed to other consultants with $108,000 in unpaid invoices, even before ballots have been mailed to voters.

“It’s clear that the opponents to consumer privacy have been running a smoke and mirrors campaign to deceive voters,” said Yes on Prop 24 Campaign Treasurer Rick Arney. “They need to be held accountable for the deceptive campaign they’ve been running and for hiding the finances of their campaign. It’s important that voters see what’s behind

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Consumer confidence surges to highest level since start of coronavirus pandemic

The numbers: Consumer confidence rose in September to the highest level since the coronavirus pandemic began after the number of cases declined and the economic forged ahead, a closely followed survey showed.

The index of consumer confidence rose to 101.8 this month from 86.3 in August, the Conference Board said Tuesday. It was the biggest one-month increase in 17 years.

Economists polled by MarketWatch had forecast a smaller increase in the index to 89.6. The level of confidence in August was also revised slightly higher after initially showing the lowest reading since the pandemic began more than six months ago.

“A more favorable view of current business and labor market conditions, coupled with renewed optimism about the short-term outlook, helped spur this month’s rebound in confidence,” said Lynn Franco, senior director of economic indicators at the board.

See:MarketWatch Coronavirus Recovery Tracker

What happened: An index that gauges how consumers

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Disney lays off 28,000 as coronavirus slams its theme-park business

The company did not reveal what percentage of its workforce that entailed, but it’s believed the U.S. theme parks employ about 200,000 people, which would make the layoffs a workforce reduction of 14 percent.

Disney parks in California remain closed while Florida parks, which reopened in July, have been underperforming.

The company had furloughed 100,000 employees worldwide, many in the theme-parks division, at the height of the lockdowns in the spring. Many were brought back when Walt Disney World reopened this summer.

Theme parks have taken the brunt of the toll as the virus has limited or scuttled public gatherings. In the most recent April-June quarter, Disney’s theme-park division had less than a billion dollars in revenue, after taking in nearly $7 billion in the same period in 2019. The division posted a loss of $2 billion over the period.

Business has not significantly picked up since. On an earnings

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‘The new Covid support for business is nuts’

Sonia HawkinsImage copyright
Sonia Hawkins

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Sonia Hawkins says more jobs will now have to go

Chancellor Rishi Sunak admitted last week that his latest coronavirus economic support package won’t save all jobs. But as employers and employees digest the latest plans it’s clear many of them feel viable firms are being hung out to dry just as the economy faces the impact of further lockdown measures.

The support plan, involving ending the furlough scheme and shifting more of the financial burden from the taxpayer and onto employers, has broad support from the CBI and TUC. But many firms say the government has simply withdrawn a lifeline. The BBC spoke to four people who feel things just got worse.

‘Companies like ours are hanging on by their fingertips’

“We have struggled all the way through – and now this,” says an exasperated Sonia Hawkins. “We have done everything right and

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McKinney Los Angeles Hires TBWA Vet as Director of Strategy

McKinney hired Anita Schillhorn as director of strategy for its Los Angeles office.

She formerly spent two years as planning director for TBWAChiatDay, where she worked across brands including IMAX, QuickBooks, Principal, and the Japanese apparel brand ZOZO. Earlier in her career, she spent three years in various roles at Digitas, where she worked across clients including American Express, Delta, Diageo, Samsung and Uniqlo. She followed that with a stint as a planning director with Havas, working across Hershey, Keurig and Schwab, followed by a little over a year at Grey as global senior digital strategist on Pantene.

Schillhorn has also led her own consultancy, working with brands owned and run by women, advises early-stage startups through the UCLA Venture Accelerator, teaches digital marketing at General Assembly and writes a newsletter about marketing and culture.

In this role, she will report to chief strategy officer Walt Barron while working closely

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Scott Reed is ousted from Chamber of Commerce

A replacement has not been named, but an internal memo obtained by The Washington Post says that the chamber anticipates no disruption in its election plans, which this year included endorsing 30 Democrats seeking House seats. This shift has led to a growing rift between the chamber and top Republicans.

In an email, Reed said he was planning to leave the organization at the end of the year anyway.

“The Chamber would not let me spend Senate money down the home stretch in North Carolina and Maine,” he wrote.

The chamber’s move to terminate Reed took place Tuesday afternoon after chamber CEO Thomas J. Donohue informed the executive committee of the board’s decision.

“I am disappointed and shocked to have to inform you that we have had to terminate Scott Reed’s consulting contract for cause, effective immediately,” Donohue wrote.

“An internal review has revealed that Scott repeatedly breached confidentiality, distorted

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Tri Counties Bank Announces Contributions to Programs Supporting Minority-Owned Businesses

Tri Counties Bank announced today it will provide $100,000 in total contributions to four community organizations that support minority-owned businesses throughout the Bank’s footprint in Northern and Central California. Further, the bank is appealing to its customers and communities to raise still more funds for these programs.

The Bank will contribute $25,000 each to four organizations that offer programs that assist minority-owned businesses, including microlending programs to create or grow businesses, technical assistance, and training opportunities. Tri Counties Bank will also be encouraging its customers to support these organizations:

  • 3CORE – an Economic Development District based in Chico serving Butte, Glenn and Tehama Counties

  • Sacramento Black Chamber of Commerce

  • Fresno Area Hispanic Foundation

  • National Asian American Coalition – based in Daly City especially serving the San Francisco Bay Area

This initiative continues the Bank’s long history of investing in

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QuickBooks Online and Amazon Business now integrate

Intuit has created a software integration between its QuickBooks Online and Amazon Business. Small businesses using both platforms can now automate purchase reconciliation and categorization when making purchases on Amazon Business.

Through the new integration, all Amazon Business purchases will be automatically imported into QBO, with data being refreshed multiple times per day. Purchase details, including item descriptions, costs and fee breakdowns for each transaction will be included automatically. Each item bought through Amazon Business can be categorized separately and matched with bank transactions in QuickBooks. Should a customer return an item to Amazon Business, the returned item transaction importing into QBO automatically for review.

Once small businesses have connected the Amazon Business account to their QuickBooks Online account, they can locate transactions by navigating to the banking tab and then selecting the app transactions subtabs.

“Small businesses are increasingly looking for ways to seamlessly manage their business, while reducing

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