Day: October 7, 2020

5 tips to get help for your small business now, as relief talks remain in limbo

After calling off broader talks on an economic stimulus package, President Trump reversed course Tuesday night, urging Congress to approve smaller relief measures, including funding for small-business loans. Yet there is still a great deal of uncertainty about when another stimulus bill will deliver emergency aid to millions of Americans impacted by the Covid-19 pandemic, including small-business owners.


Load Error

“The real problem is there just isn’t enough financial help right now, especially if your business did not qualify to get it before,” said Jill Johnson, CEO of the Institute for Entrepreneurial Leadership, a non-profit business consulting firm in Newark,  New Jersey. 

The federal government’s Paycheck Protection Program approved more than 5.2 million loans totaling $525 billion in emergency relief funding. For many small-business owners who received those loans, however, that money has run out. And others are still struggling. 

More from Invest in You:

Tips for small-business owners trying

Read More

What Services Do Startups Need When Forming a Business?

Starting and growing a business requires hard work and many sacrifices, and there are several services entrepreneurs need to consider when forming a new business.

However, the growing number of new businesses annually prove those intrepid people across the U.S. love a business challenge. According to Statista, the number of new startup businesses in March 2019 that were less than a year old, was 774,725.

Services needed by startups

The legal requirements for getting a terrific business idea off the ground are generally easy and this guide outlines the basic steps.

Business structure

Choosing a business structure is vital to the business because it offers tax benefits and protects the owners from personal liability. The choice for most startups is either an LLC or a Corporation. LLC owners file their business income into their personal income, and often need to pay self-employment taxes. Corporations are more expensive to maintain, offer

Read More

Palm Springs might sell its golf courses, but the process will take a while

Buy Photo

Golfers putt on on the 18th hole of the Legends Course, one of two 18-hole city-owned courses at Tahquitz Creek Golf Resort in Palm Springs, (Photo: Jay Calderon/The Desert Sun)

David Ready says the city of Palm Springs is not selling its two municipal golf courses. At least not yet.

“This was a very initial step of a very long process,” said Ready, the city manager for Palm Springs, of the city council’s decision to spend $14,000 to appraise the land on which the 36-hole Tahquitz Creek Golf Resort sits. “And that process will consist of significant public input and I would say a series of council meetings and neighborhood meetings.”

The expenditure of $14,000, approved as a consent calendar item in the city council’s Sept. 24 meeting, covers half the cost of appraising the Tahquitz Creek land. The other half of the funding will come from

Read More

Fed’s Kashkari aims for Beige Book that looks beyond business

FILE PHOTO: President of the Federal Reserve Bank on Minneapolis Neel Kashkari speaks during an interview in New York, U.S., March 29, 2019. REUTERS/Shannon Stapleton

(Reuters) – If Minneapolis Federal Reserve President Neel Kashkari gets his way, the U.S. central bank may soon be getting a more frequent earful from what he sees as an overlooked community: workers.

Kashkari on Wednesday said he is working with the staff of his bank to retool how they contribute to the Beige Book, the pulse-taking economic survey the 12 regional banks in the Federal Reserve system conduct ahead of the eight scheduled policy-setting meetings each year.

In Kashkari’s view, the voice of business is over-represented in Fed policy deliberations, he said during a virtual conference hosted by the Minneapolis Fed. One of the contributors to that is that the Beige Book features economic anecdotes collected almost exclusively from business contacts across each bank’s

Read More

Put three First Class stamps on your absentee ballot

The U.S. Postal Service will deliver completed absentee ballots to vote counters in Alabama even if they are mailed with insufficient postage, a postal spokeswoman said. But the safest plan is to put three First Class stamps on the ballot before you drop it in the mail box.

“If a return ballot is … entered into the mainstream with insufficient or unpaid postage, it is the Postal Service’s policy not to delay the delivery of completed balloting materials,” said Debra J. Fetterly, spokesperson for the Alabama District of the United States Postal Service. “In cases where a ballot enters the mainstream without the proper amount of postage, the Postal Service will attempt to collect postage from the appropriate Board of Elections.”

The Postal Service is “fully committed to delivering the nation’s election mail securely and on-time,” Fetterly said, “and doing so is our number one priority between now and Election

Read More

Unemployment Is World’s Biggest Risk, Business Leaders Say | Investing News

LONDON (Reuters) – Unemployment is seen as the biggest worry over the next 10 years for business executives around the world, closely followed by concern about the spread of infectious diseases, according to a survey by the World Economic Forum.

Unemployment rates have rocketed due to lockdowns and other restrictions to combat the coronavirus pandemic, with fears of worse to come in countries which have furloughed workers.

“The employment disruptions caused by the pandemic, rising automation and the transition to greener economies are fundamentally changing labour markets,” said Saadia Zahidi, Managing Director at the World Economic Forum (WEF).

“As we emerge from the crisis, leaders have a remarkable opportunity to create new jobs, support living wages, and reimagine social safety nets to adequately meet the challenges in the labour markets of tomorrow.”

The Regional Risks for Doing Business survey, which surveyed 12,012 business leaders from 127 countries, makes up part

Read More

Fed Rates Near Zero Didn’t Make These Credit Cards Any Cheaper

(Bloomberg) — U.S. retailers’ credit cards with the highest cost of borrowing kept the same rate in 2020 as last year even as the Federal Reserve slashed interest rates to near-zero, a report found.

a close up of a keyboard: Mastercard Inc. chip credit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, Oct. 24, 2016. Mastercard Inc. is scheduled to release earnings figures on October 28.

© Bloomberg
Mastercard Inc. chip credit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, Oct. 24, 2016. Mastercard Inc. is scheduled to release earnings figures on October 28.

Credit cards from Big Lots Inc., Discount Tire and several jewelry retailers issued by Comenity Bank and Synchrony Financial maintained annual rates of 29.99%, said Monday in a statement. Ted Rossman, an analyst at, said two cards from Nordstrom Inc. issued by Toronto-Dominion Bank increased their average rates this year.


Load Error

Those retailers were exceptions, as most other cards cut rates from last year, according to the report from, an online marketplace and information hub. The average retail rate fell

Read More

Danny Meyer says restaurants can’t hire ‘if we go out of business’

Famed restaurateur Danny Meyer told CNBC on Wednesday that the dining industry desperately needs government aid due to the coronavirus pandemic, warning of significant economic damage without it. 

“We cannot reemploy people if we go out of business,” Meyer said “Closing Bell,” one day after President Donald Trump put an end to broader Covid-19 stimulus negotiations “until after the election.” Trump later expressed support for smaller bills targeting the airline industry, small business and stimulus checks for individual Americans.

Meyer, who is CEO of Union Square Hospitality Group and founder of burger chain Shake Shack, called the halt to relief talks a “crushing blow” for those in the restaurant business. He said that is especially true as restaurants grapple with the uncertainty around colder weather, complicating the pandemic-era lifeline of outdoor dining.  

“I think that the country needs to understand that this is an industry with 600,070 members. We are

Read More

Police accountability: Maryland Fraternal Order of Police hosts lawmakers for shoot-don’t-shoot training

The trainings are part of a major mobilization by the Maryland Fraternal Order of Police against new police accountability measures, possibly including the abolition of the powerful Law Enforcement Officers Bill of Rights.

A House work group is meeting Thursday afternoon and could vote on whether to propose repealing the bill of rights, which provides broad protections to police accused of wrongdoing.

“We’re just trying to take a proactive approach,” said Clyde Boatwright, president of the Maryland FOP, which is also considering print and television ads to sway opinions.

Boatwright said the police union is determined to not let “an incident that happened 2,000 miles away,” referring to the death of George Floyd at the hands of a Minneapolis police officer, affect the way police in Maryland do their jobs and are disciplined.

“We’re in discussions about using every available resource to get this message out to the members of

Read More

Benefits of a WEBside Chat Series

CRANBURY, N.J., Oct. 7, 2020 /PRNewswire/ — The WEBside Chat is a dynamic take on the fireside chat. This award-winning format will be utilized at the 10th Association for Value-Based Cancer Care (AVBCC) Summit and Educational Program starting October 13 and running for 10 weeks. Each 90-minute session is focused on one of more than 30 topics currently affecting the cancer care ecosystem. Each session is packed with high-octane, unfiltered discussion; real-time topics; and balanced opinions by some of the top leaders in the cancer care continuum.

Experience the award-winning WEBside Chat for yourself as AVBCC Co-Founder and Chair Burt Zweigenhaft, PhD, D.Litt, and Michael Kolodziej, MD, discuss the best way to leverage the Summit and its new format in this video.

This year’s agenda features more than 150 faculty members and in excess of 30 daily sessions. View the entire agenda here. (Please note that the

Read More