Report Refutes Claims that Corporate Profits Are Rising

Information Technology and Innovation Foundation

A vocal contingent of scholars, advocates, and elected officials has raised alarms about the economy becoming too concentrated at the expense of competition, innovation, prices, and wages. Their arguments hinge on the idea that corporate profits have been rising. But a new report released today by the Information Technology and Innovation Foundation (ITIF), the world’s leading … [More]

Pandemic Thinking: How to Keep Your Head in the (Long) Game

by RJon Robins

The COVID-19 pandemic is crippling and toppling many U.S. small businesses. Often called “the backbone of the economy,” small businesses that are managing to survive face an uncertain future. As states start to reopen, consumer spending is in steep decline while unemployment skyrockets and many people remain hesitant to venture out. But some entrepreneurs find their … [More]

Great Leaders Live Like Drug Addicts: How to Lead Like Your Life Depends on It

by Michael Brody

Leaders in the boardroom aren’t often compared to addicts struggling to survive, but they do have a few important factors in common. Instead of chasing drugs, leaders often chase professional, financial and social success–often to the detriment of themselves and the people around them–while wearing masks to hide their true selves. In Great Leaders Live Like Drug Addicts: How to … [More]

Survey Finds Employees Are Happier than Pre-Pandemic

SurveyMonkey

CNBC and SurveyMonkey (Nasdaq: SVMK), a leading global survey software company, today announced the results of their latest Workforce Survey. CNBC and SurveyMonkey together polled over 9,000 workers in the U.S. to measure the impacts of COVID-19 on employee satisfaction. Nearly half of all respondents (48%) noted they are currently doing their jobs remotely. Among all … [More]

Are You Eligible for COVID-19 Paid Leave?

by Cheryl Stanton

Many Americans affected by the coronavirus outbreak will benefit from new workplace protections and relief offered by the Families First Coronavirus Response Act. If you work for a private employer with fewer than 500 employees and are in one of the situations described below, you may be eligible for paid sick leave and/or paid family leave: Paid sick leave up to two … [More]

Phoenix College Pres. Joins New Community Bank Advisory Board to Help Give Back

Enterprise Financial Services Corp

Enterprise Bank & Trust has established a Community Connection Advisory Board to oversee its Community Reinvestment Act Program (CRA) and philanthropy efforts throughout Missouri, Kansas, New Mexico and Arizona. The Community Connection Advisory Board is comprised of at least one member from the community in each of Enterprise’s markets and is chaired by Michael … [More]

Financial Stability is Questionable, Federal Reserve Gives Overview

Federal Reserve Board

The coronavirus (COVID-19) pandemic has caused tremendous human and economic hard-ship across the United States and around the world. The pandemic and the measures taken to contain it have effectively closed some sectors of the economy since mid-March. Economic activity in the United States has contracted at an unprecedented pace, and the unemployment rate surged to 14 .7 … [More]

Retail Sales Plunge 16.4%, Lowest on Record

U.S. Census Bureau

Advance Estimates of U.S. Retail and Food Services Advance estimates of U.S. retail and food services sales for April 2020, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $403.9 billion, a decrease of 16.4 percent (±0.5 percent) from the previous month, and 21.6 percent (±0.7 percent) below April 2019. Total sales for … [More]

Vehicle Reimbursement Programs Can Offer More Options Than You Might Think

CarData

At first blush, FAVR programs can appear to be simple. "F" is for fixed costs for business use of employee-owned vehicles, for example insurance and licensing. "V" is for variable expenses such as the relative cost of living in a given geographical region and fluctuating gas prices, which have been remarkable in the past few months. But you can't judge a book by its cover, … [More]

Global Industry Leader TSMC to Build Advanced Semiconductor Factory in Arizona

by Mike Hunter

Following a national search, Taiwan Semiconductor Manufacturing Company (TSMC) has selected Arizona for its new U.S. advanced semiconductor factory. The project will create over 1,600 new high-tech jobs and generate thousands of additional jobs in the state for suppliers and other companies within the semiconductor industry. TSMC’s total spending on this project, including … [More]

New Real Estate Brokerage Plans to Make Selling a Home as Easy as Booking a Room

Rick McCartney

Homeowners in Phoenix have more options now when it comes to selling their homes, thanks to a new kind of real estate brokerage that aims to make selling a home as simple and convenient as booking a hotel room online. The Offer Company was created as a new kind of real estate brokerage that offers homeowners the option of selling in the traditional way, by listing with an … [More]

Nearly Half of Employees Now Working from Home Want to Stay Remote, Study Finds

The Grossman Group

For decades, the privilege of working from home has been largely reserved for elite, white-collar workers. In a matter of weeks, the COVID-19 crisis has forced millions more American workers into remote work, and a recent survey finds that many prefer keeping that arrangement. Forty-eight percent of employees working from home now say they'd like to continue working from … [More]

3 Million Jobless Claims Filed Last Week, 2-Month Total more than 36 Million

U.S. Department of Labor

In the week ending May 9, the advance figure for seasonally adjusted initial claims was 2,981,000, a decrease of 195,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 3,169,000 to 3,176,000. The 4-week moving average was 3,616,500, a decrease of 564,000 from the previous week's revised average. The previous week's average was … [More]

Zoom to Open R&D Centers in Phoenix and Pittsburgh

Zoom

Zoom Video Communications, Inc. (NASDAQ: ZM) today announced that it will open two new research and development centers - one in the greater Phoenix, Arizona area and one in Pittsburgh, Pennsylvania. Zoom will immediately begin recruiting software engineering talent in these geographies. Employees will work from home until the offices are built and COVID-19-related isolation … [More]

Smart Cities: Five Ways Urban Planning Can Defend against Pandemics

by Karlyn McKell

While our interconnected world helps pandemics spread faster, it can also quicken our response time. Technological advancements allow us to track disease spread, monitor citizens, and control the delivery of essential items during a pandemic response. COVID-19 continues to grip the globe, but once the virus threat wanes, there will undoubtedly be lots of reflection over … [More]

Specialized Fleet of Drivers to Transport COVID-19 Infected/Suspected Patients

Veyo

Veyo, the nation’s first and only full-service, tech-enabled Non-Emergency Medical Transportation (NEMT) broker, has announced the creation of a specialized fleet of drivers who will transport COVID-19 infected/suspected patients to and from life-sustaining medical appointments, with the aim of alleviating the extreme stress that has been placed on the non-emergency ambulance … [More]

How Businesses Can Come Back Stronger from the Pandemic

by Michael Ungar, Ph.D.

It is the paradox of resilience that the very things that make us strong can also prevent us from being nimble during a crisis. The COVID-19 pandemic has exposed the weaknesses of how we have been doing business. If we look at businesses like nested Russian dolls, one system embedded inside another, we find clues to where change is needed if we are going to come back stronger … [More]

95% of Small Businesses Fall Short of Meeting Goals, yet 77% Are Confident in Their Ability to Execute

Clutch

Just 5% of small business owners report achieving all their business goals in the past 12 months, according to a new survey from Clutch, a B2B ratings and reviews platform. Clutch found that although 95% of small businesses fall short of meeting their goals, 77% are somewhat or very confident in their ability to execute their strategy. "I think the best goals are … [More]

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