Tag: economy

ETF Strategies That Capitalize on the Post-Coronavirus Economy

Investors can consider targeted exchange traded funds strategies to take advantage of how COVID-19 is accelerating changing behaviors.

In the recent webcast, Accelerating Natural Selection. Investing in a Post-COVID World Economy, David Mazza, Managing Director, Product, Direxion, pointed out that working at home has already been occurring over the years, but the coronavirus pandemic and subsequent Great Shutdown only accelerated the trend. Prior to the COVID-19 pandemic, 5.7% of US employees worked entirely from home. About 43% of employed Americans already spend at least some time working remotely, and 8 million U.S. workers already work at home full-time. Looking ahead, 75% of Fortune 500 CEOs say they plan to accelerate the technological transformation of their companies, and about 54% of companies plan to make a remote work option permanent.

The remote work theme may also be an excellent way to recruit workers moving forward. According to a recent Deloitte

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Scott Yahraus, America’s Leading Business Turnaround Specialist, Offers Strategies to Help Companies Navigate the Pandemic Economy

LOS ANGELES, Oct. 13, 2020 /PRNewswire/ — Scott Yahraus (www.scott4business.com), America’s leading expert in business turnarounds and dispute resolutions, was featured in an article in Business Management News offering strategies to help companies successfully navigate this current economic storm.

In an article titled, “How to Save Your Business During these Challenging Times,” Yahraus offers 7 ways that business owners and senior executives can create an environment that is less susceptible to the merciless impact of the Covid economy.

“America is going through its worst economic times since the Great Depression. Millions are out of work. Thousands of businesses have closed – at least temporarily,” the article stated. “Make sure your business isn’t one of them.”

The first piece of advice Yahraus shares is perhaps the hardest to swallow. “Know when to pull the plug,” he states. “There could be an opportunity for you to merge or acquire a competitor

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N.J. public unions are enablers of ‘central command’ economy | Letters

Government-employee unions are an economic army devoted to destroying business and industry — unless the business is dependent on government spending.

Here in New Jersey, the unemployment rate is 10.9%. Because of coronavirus safety restrictions, we are living under a central-command economy where the government decides who can be open for business and how they can open their businesses.

No sense of shame stopped the state from raising the gasoline tax 9.3 cents a gallon this month (under a formula triggered by a previously approved road-funding mechanism) during an economic downturn that this government caused. This does not bother the government unions one bit. No matter how bad the economy is, they will get their money.

The government and the media incited the masses with the fear of coronavirus. I think the danger is being exaggerated for political purposes. Through media propaganda and the promise of more compensation from taxpayers,

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Warren Buffett phoned Treasury Secretary Hank Paulson with a stimulus idea when the financial crisis erupted. It may have saved the US economy

U.S. Treasury Secretary Henry Paulson (L) shares a laugh with financier Warren Buffett, Chairman and CEO of Berkshire Hathaway, at the Conference on U.S. Capital Market Competitiveness in Washington March 13, 2007.

  • Warren Buffett phoned Treasury Secretary Hank Paulson at the height of the 2008 financial crisis with a suggestion that likely saved the US economy from an even deeper recession.
  • The famed investor and Berkshire Hathaway CEO proposed the government plow capital directly into banks instead of only buying their distressed assets.
  • Paulson quickly gathered the bosses of the nation’s biggest banks and convinced them to accept billions of dollars in investment.
  • The Treasury demanded preferred stock paying chunky dividends, as well as stock warrants in return, emulating Buffett’s bailout of Goldman Sachs in September 2008.
  • Former President George W. Bush called it “probably the greatest financial bailout ever” and said it “probably saved a depression.”
  • Visit
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China Golden Week holiday sees millions of tourists, boon to economy

The Associated Press
Published 7:02 a.m. ET Oct. 9, 2020 | Updated 8:49 a.m. ET Oct. 9, 2020

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The Southwest Airlines gates of National Airport are almost completely without flying customers, showing the impact COVID-19 is having on air travel.

Wochit

HONG KONG (AP) — Some 637 million Chinese traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time when China hopes to get consumers to spend more and perk up the economy.

More than 45% of China’s 1.4 billion people traveled during the holiday, which began Oct. 1. They spent 466.6 billion yuan ($69.5 billion), according to data from China’s Ministry of Culture and Tourism.

That’s 21% fewer trips and 30% less spending, but the numbers still show consumption is beginning to bounce back following the battering it took earlier in the year from the coronavirus pandemic.

The

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China Golden Week holiday pumps up tourism, boon to economy

HONG KONG (AP) — Some 637 million residents of China traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time when officials hope to get consumers to spend more and perk up the economy.

More than 45% of China’s 1.4 billion people traveled during the holiday, which began Oct. 1. They spent 466.6 billion yuan ($69.5 billion), according to data from China’s Ministry of Culture and Tourism.

That’s 21% fewer trips and 30% less spending than last year, but the numbers show consumption is beginning to bounce back following the battering it took earlier in the year from the coronavirus pandemic.


The numbers are a “positive sign” both for China and the rest of the world that economies can revive pretty quickly once the coronavirus is under control, said Shivaji Das, managing director of research and consulting firm Frost &

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China Golden Week Holiday Pumps up Tourism, Boon to Economy | Business News

By ZEN SOO, Associated Press

HONG KONG (AP) — Some 637 million Chinese traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time when China hopes to get consumers to spend more and perk up the economy.

More than 45% of China’s 1.4 billion people traveled during the holiday, which began Oct. 1. They spent 466.6 billion yuan ($69.5 billion), according to data from China’s Ministry of Culture and Tourism.

That’s 21% fewer trips and 30% less spending, but the numbers still show consumption is beginning to bounce back following the battering it took earlier in the year from the coronavirus pandemic.

The numbers are a “positive sign” both for China and the rest of the world that economies can revive pretty quickly once the coronavirus is under control, said Shivaji Das, managing director of research and consulting firm Frost

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Trump warns Biden’s tax plan would sink US economy into ‘depression’

If elected, Democratic presidential nominee Joe Biden would repeal President Trump’s tax cuts and raise taxes by the “largest percentage” in the country’s history, the president warned Thursday night.

“He wants to take all that away,” Trump told Fox News’ Sean Hannity during an exclusive “Hannity” phone interview with less than a month to go before Election Day.

“So therefore, if you do nothing else, you’re raising taxes by the largest percentage in the history of our country. If … he terminated my tax cuts, which is one of the reasons that our economy has done so great even now in this pandemic. … But he’s looking to do big, big tax cuts, big, big tax increases, like at a level that’s never been seen.”

Trump said Biden’s tax plans would be a “disaster” and would put the country into

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Roxe Chain Foundation Announces DO, First Algorithmic Central Bank Stablecoin Native to a Decentralized Economy

SINGAPORE–(BUSINESS WIRE)–Roxe Chain Foundation Limited (“RCF”), a Singapore non-profit that owns and operates the Roxe Chain blockchain, today announced its plans to debut DO (pronounced “dough”), the world’s first algorithmic central bank stablecoin native to a fully decentralized economy, and the Roxe Payments Protocol. DO is an algo stablecoin with no fiat attribute that is designed to solve the intermediate currency problem in cross-border payments and operates on the new Roxe Payments Protocol (“RPP”). Enabled by the Daollar protocol, the DO family of stablecoins is designed to provide better price stability than existing fiat and digital asset-backed stablecoins.

While many fiat and digital asset-backed stablecoins on the market today use blockchain technology, none are a completely decentralized, algorithmic stablecoin based on a central bank model. For example, USDC is a stablecoin backed by the U.S. dollar, a centralized asset, and DAI is a stablecoin collateralized by assets from

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Trump’s Covid-19 Stimulus Delay Could Endanger the Economy

Here’s what you need to know:

Credit…Charlie Riedel/Associated Press

Speaker Nancy Pelosi of California and Steven Mnuchin, the Treasury secretary, spoke Wednesday morning about the prospects of a stand-alone bill for airline relief, as President Trump continued to walk back his own retreat from negotiations on a broader coronavirus relief package and push for more narrow legislation.

During the conversation, Mr. Mnuchin asked about the possibility of a stand-alone bill, as a critical payroll program for airline workers lapsed last week and airlines have warned of tens of thousands of more furloughs and layoffs without federal intervention.

Ms. Pelosi noted that Democrats had already thrown their support behind such a measure and reminded Mr. Mnuchin that Republicans had objected to unanimous passage of such

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