Day: August 4, 2020

‘I’m just looking for whatever I can get’

A job seeker looks at a job listing board at the East Bay Career Center February 2, 2006 in Oakland, California
A job seeker looks at a job listing board at the East Bay Career Center February 2, 2006 in Oakland, California

Young people are disproportionately affected by the economic impacts of coronavirus, several reports have found.

The UN has cautioned that the high rate of unemployment among young adults could mean “a lot of young people are going to be left behind”.

In the US, about a quarter of people between 16-25 were unemployed in May – which was about double the unemployment rate of other age groups.

It’s a myth that all young adults are supported by their parents, or only work part time. According to Statistics Canada, of the roughly 500,000 people between the ages of 15-24 who lost their jobs in April, about half were working full-time.

Young women and minorities are particularly vulnerable, according to a report by the Brookings Institution.

The BBC spoke with four

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Rishi Sunak could hike business rates for ‘most valuable properties’

The Chancellor has asked for industry feedback on whether high end shops, offices and other large premises should pay a new, higher business rate - Reuters
The Chancellor has asked for industry feedback on whether high end shops, offices and other large premises should pay a new, higher business rate – Reuters

Rishi Sunak is considering an increase in business rates for the “most valuable properties”, with fears being raised that the move could hurt firms already struggling amid the effects of the coronavirus crisis.

The Chancellor has asked for industry feedback on whether high end shops, offices and other large premises should pay a new, higher business rate, with responses due ahead of the autumn Budget.

In a call for evidence as part of a business rates review, the Treasury said failing to raise enough revenue from them could put pressure on “other parts of the tax system”.

Business rates are based on shop rental values, typically calculated every five years and paid by tenants rather than property owners. Critics say the system is unfairly

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Will Reinsurance Stabilize Trade Flows?

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.  

Both the United States and the European Union (EU) have been looking into novel ways to stabilize their supply chains amid the COVID-19 pandemic. Since their economies are highly dependent on international trade it makes sense to dig deeper into trade facilitation. The EU government has already put policies in place that stabilize the insurance side of the process. Currently, the U.S. is lagging at the stage of industry lobbying.

Transportation facilitates trade. But if it is too expensive for the consignor, then trade does not take place. Likewise, trade does not take place if importers at the manufacturer or wholesaler level feel that their retail customers downstream along the supply chain will not pay them. Many retailers are now building up stocks of fall merchandise. COVID-19 cannot

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Nordstrom Anniversary Sale 2020 preview

Our editors independently selected these items because we think you will enjoy them and might like them at these prices. If you purchase something through our links, we may earn a commission. Pricing and availability are accurate as of publish time. Learn more about Shop TODAY.

Nordstrom is hosting its Anniversary Sale this month, offering shoppers low prices on fashion, home and beauty items in stores and online for a limited time. Fashion brands featured include Ugg, Madewell and Adidas, plus home and beauty brands like Anthropologie Home and Clinique. The sale has clothing to get kids ready for back-to-school, fall fashion must-haves like coats and boots and beauty items from skincare to haircare. You can preview items being offered during the sale now before it opens to the public on Aug. 19 — and if you’re a Nordstrom cardholder or member of the Nordy Club, you can begin to

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Diane Sullivan, Blake Krueger and Joey Zwillinger Reveal the Challenges of Leading During a Pandemic

FN’s first virtual summit, “The Way Ahead,” kicked off this afternoon with a candid conversation between four key footwear industry leaders, who talked about how they and their companies have responded to monumental challenges this year.

The panel included Diane Sullivan, CEO, president and chairman of Caleres; Allbirds co-founder and co-CEO Joey Zwillinger; and Blake Krueger, chairman, president and CEO of Wolverine World Wide Inc., in conversation with FN editorial director Michael Atmore. Sponsored by Klarna, the two-day summit is being held in partnership with FFANY, FDRA and Two Ten.

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The panel talk, titled “Lessons in Leadership,” kicked off with insights about the way each executive has adjusted their leadership style during the pandemic. All agreed that communication has been more vital than ever, particularly at the start of the COVID-19 outbreak, when uncertainty was at its height.

Sullivan recalled that she responded to the moment

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Republicans Don’t Want Anyone Getting Too Comfy In The Plague Economy

A fundamental disagreement has prevented Congress from reauthorizing the extra $600 in weekly unemployment benefits that lapsed last week. 

Treasury Secretary Steve Mnuchin, the Trump administration’s lead negotiator for a new relief bill, said Sunday that he and his fellow Republicans agree on the “concept” of enhanced unemployment, but they “want to fix the issue where in some cases people are overpaid and we want to make sure there’s the right incentives.”

In other words, Republicans believe the extra $600 is too good, and it’s creating a disincentive for workers to go back to their jobs ― meaning it’s burdening low-wage employers, who would have to raise their pay to compete with the benefits. 

Democrats think the extra money is appropriate, since it reduces material hardship while allowing people to stay home and avoid being exposed to or spreading the coronavirus. For many workers, the extra jobless benefits do pay

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Julie Chen Explains How Big Brother All-Stars Is Handling the COVID-19 Pandemic

Big Brother Preparing for All Stars Season, Contestants Undergoing COVID-19 Tests: Reports

Each contestant must test negative for the coronavirus before entering the house

Ahead of the Big Brother premiere, host Julie Chen is opening up about the precautions being taken due to the coronavirus pandemic.

The hit CBS competition show returns for its second All-Stars installment on Wednesday, and potential houseguests are currently undergoing a quarantine and COVID-19 testing phase to determine who’s eligible to participate in the production.

For the first time ever, the cast will be revealed during the live two-hour season premiere.

“As we speak right now, they’re quarantining by themselves in homes that we’ve rented for them,” Chen recently told Entertainment Tonight. “They’re getting tested every few days. They will go in once they’ve been clean and clear for at least 14 days and then even once they get in the house, they’re still

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‘Miss the Hell Out of My Family’

Hans Gutknecht/Digital First Media/Los Angeles Daily News via Getty LeBron James

LeBron James is facing challenges off the court.

As the NBA restarted with an abbreviated season after a 141-day hiatus due to the pandemic, players remain quarantined together inside the so-called “bubble” at the Walt Disney World resort in Orlando. So far, the isolation from his loved ones has proved to be difficult for James, 35.

“I miss the hell out of my family,” the Los Angeles Lakers star told reporters on Monday, according to USA Today. “My wife, my kids, my mother. And so on and so on. It’s a huge challenge.”

James — who shares sons LeBron Jr., 15, and Bryce, 13, and daughter Zhuri, 5, with his wife Savannah — added that he’s looking at the return to the televised season as a way of speaking out about social issues with his platform.

“It’s given

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