Amazon is worth $1.7 trillion. Spend your pandemic dollars locally

PASADENA, CA - OCTOBER 06: Vroman's Bookstore in Pasadena may not make it through the year because of the economic devastation caused by the coronavirus pandemic. Photographed at Vroman's Bookstore on Tuesday, Oct. 6, 2020 in Pasadena, CA. (Myung J. Chun / Los Angeles Times)
Vroman’s Bookstore in Pasadena is struggling to make it through the coronavirus crisis. (Los Angeles Times)

To the editor: Since March 2020, my local brewery as well as a vegan restaurant I patronized regularly closed permanently. Another neighborhood restaurant is struggling to survive on takeout alone. (“The Los Angeles we love is dying in 2020. We must fight to save it,” column, Oct. 11)

Therefore, it is especially jarring to see long lines outside Whole Foods and Amazon trucks pull up every day outside my apartment building. Sure, buying from Amazon is quick, easy and cheap, and Whole Foods (which is owned by Amazon) has undeniably great food, often sourced from smaller businesses.

But Amazon’s market capitalization has increased to $1.7 trillion this year due in part to the COVID-19 pandemic. Just think what would have happened if every dollar shelled out to Amazon since March instead went to a

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Budget 2020: Australia’s cyber dollars are full of stale hot air


Australian Prime Minister Scott Morrison

Image: IBM

Australia’s federal budget papers, which dropped on Tuesday night, make it clear just how little attention the government is paying to its cyber policies and to good governance generally.

ZDNet has already reported how most of the Budget was pre-announced, with those previously-announced figures included in the totals of supposedly new spending. In reality, though, it’s even worse.

Yes, the “additional $201.5 million” to help deliver the nation’s disappointing Cyber Security Strategy is just another part of the AU$1.7 billion over 10 years already announced in August.

Yes, the vast majority of that total figure is the AU$1.35 billion cyber kitty for the Cyber Enhanced Situational Awareness and Response (CESAR) package already announced with much fanfare back in June.

Yes, it’s a re-announcement of a re-announcement. New is not new.

But look more closely and you’ll see that CESAR isn’t even an additional

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This DIY Mom Saves Thousands of Dollars a Year on Kids Clothing

Real Moms, Real Money – Sarah Tyau

Motherhood didn’t lessen Sarah Tyau’s love for fashion, but after the birth of her first child, Tyau’s financial priorities shifted. Tyau began to refashion clothes for less than $10 and her creativity continues to help her family save thousands.

Before marriage and motherhood, money management looked a lot different for blogger Sarah Tyau than it does these days. The Utah-based mom of three wasn’t in debt, but didn’t prioritize saving. “All my paycheck would literally just go to buying clothes,” she says. “I definitely just spent all my money on whatever I wished.”

It was soon after she got married and had her first child that she began rethinking her spending habits. “I knew now I couldn’t spend all my money on clothes, ’cause it’s not just my money and I have to be more responsible,” she shares. “I remember I was online

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The Digital Dollar’s Global Potential For Entrepreneurship

In this digital age, consumer habits are proving that modern payment solutions make a lot of sense. And in light of social-distancing concerns, consumer preferences have trended even further towards contactless payments. 

Stablecoins are Tools for Entrepreneurs

Digital payments offer a much-needed bridge between entrepreneurs and banks, suppliers, and employees. They can create new domestic opportunities, as well as elevate a business to the global playing field. For entrepreneurs, it’s crucial to maximize profitability at all times. Leveraging the power and potential of digital payments is an option too good to pass up on. 

A digital transaction between the business and its customers or suppliers introduces more convenience, safety and a cheaper option overall. Addressing the cost-effective nature of payments is crucial, particularly for smaller companies and startups. They need to keep overhead costs down as much as possible while maximizing their revenue at every possible turn. Tapping into digital

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How to make your DevOps dollars go further during a crisis

The temptation during any major (or unprecedented) financial crisis is to either massively cut costs or spend money to get you out of the particular hole you’ve found yourself in. A Harvard Business Review study from 2010 found that companies that cut costs quickly in a recession a far more likely to fall behind the competition coming out of it.

The study also found that the companies that were progressive — seeking operational efficiency over immediate cost-cutting — were significantly more successful, with higher revenue growth and lower layoffs than others.

This applies to past, present, and future crises, especially when applied to software development. In a survey my company in May 2020 took of IT professionals across America, over 60% reported that they’d seen layoffs and 36% reported a reduction in spending.

Encouragingly, we found that 34% reported a shift to more agile processes and 28% reported the

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Why a business education shouldn’t cost you thousands of dollars

Why a business education shouldn't cost you thousands of dollars
Why a business education shouldn’t cost you thousands of dollars

TL;DR: Work on your business skills without going back to school with the Complete 2020 MBA Hacker bundle for $39.99, a 98% savings as of Aug. 13.

Sure, building a successful business requires financial investment. But all the money in the world can’t buy you success. And while business school can certainly show you the ropes in a big way, it can also put you into debt fast.

Why not find a happy medium? The Complete 2020 MBA Hacker Bundle will help you develop the skills to make it in the business world with online coursework and lectures that you can explore on your own time. Think about this: about 80% of small businesses survive their first year, but that number drops precipitously in the years following. This training can help make sure you don’t fall in the latter statistic.

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Amazon spent 6 years and tens of millions of dollars making a huge new game that flopped and was pulled from stores weeks after its launch

Amazon CEO Jeff Bezos.
Amazon CEO Jeff Bezos.

Alex Wong/Getty Images

  • On May 20, Amazon launched “Crucible,” a major new video game that was in development for over five years.

  • One week later, the game completely dropped off the charts. One month later, and Amazon outright pulled the game from availability and put it back into “closed beta” — a term used in game development to signify a game isn’t complete.

  • “Crucible” is the latest attempt from Amazon to push into the lucrative video game industry, which it has repeatedly failed to achieve.

  • Visit Business Insider’s homepage for more stories.

Did you know that Amazon, the biggest company in the world, launched a big-budget video game recently?

The game is called “Crucible,” and you’re forgiven if this is the first you’re hearing about it. Despite being free-to-play and available on the world’s largest gaming platform, Steam, “Crucible” has already come and gone from the

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Billions of dollars in aid for small businesses go unclaimed

NEW YORK (AP) — Billions of dollars offered by Congress as a lifeline to small businesses struggling to survive the pandemic are about to be left on the table when a key government program stops accepting applications for loans.

Business owners and advocacy groups complain that the money in the Paycheck Protection Program was not fully put to work because the program created obstacles that stopped countless small businesses from applying. For those that did seek loans, the ever-changing application process proved to be an exercise in futility.

“It was a flawed structure to begin with,” said John Arensmeyer, CEO of Small Business Majority, an advocacy group. “It favored established businesses. It was set up to give money to people with strong banking relationships.”

The program’s shortcomings also made it more difficult for minority businesses to get loans, according to a report from the Center for Responsible Lending, a research

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