Business services hard hit by coronavirus, but corporate lawyers are doing well

Business travel agencies have been hard hit. Photo: Benjamin van Waart/Flickr

Turnover in the Dutch business services sector fell 18.5% in the second quarter of this year, with the advertising and travel sectors particularly hard hit, national statistics agency CBS said.

The last major decline in turnover was the final quarter of 2009, at the height of the credit crisis, when business service sales fell by nearly 8%, the CBS said.

The travel sector saw sales plunge 90% in the second three months of the year, as coronavirus put paid to business travel and events. Advertising agencies saw their turnover fall by around one third while market research firms lost some 20%.

Nevertheless, one sector was able to benefit from the crisis. Corporate law firms and legal advisors booked 2% more profit during the second quarter, although this is a lower increase than in previous months, the CBS said.

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Raising capital during the coronavirus pandemic?

We are living in times of great uncertainty. All businesses, big and small, are trying to preserve cash through budget cuts and layoffs. Tech start-ups that are dependent on venture capital (VC) and are running low on cash are stretching their runway while trying to raise additional capital to help pull through the pandemic and maybe allow for some growth. With a third of the major investors in Israeli tech ($2.7 billion in the past year) coming from outside Israel, and with harsh travel restrictions globally and in Israel specifically, raising capital seems like mission impossible.COVID-19 has greatly impacted VC investment activities. In Israel there has been a 50% decline in early-stage VC investments since the pandemic hit. Both serial and first-time entrepreneurs have to understand the recent changes that have taken place within the VC industry globally and in Israel if they are to successfully raise capital. Here are
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Coronavirus Live Updates : NPR

Ninety-five percent of child care providers are women, and many are losing their jobs as the pandemic devastates the industry, the National Women’s Law Center says.

Ted S. Warren/AP


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Ted S. Warren/AP

Ninety-five percent of child care providers are women, and many are losing their jobs as the pandemic devastates the industry, the National Women’s Law Center says.

Ted S. Warren/AP

Of the many sectors of the American economy slammed by the coronavirus pandemic, the businesses and individuals who provide child care to an estimated 12 million children under age 5 are among the hardest hit.

According to a report released Wednesday, more than 1 out of 5 of the nearly 1 million people employed in the U.S. as child care providers in February have lost their jobs.

Women account for 95% of the child care workforce, so they have felt the impact of those lost

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Experts share coronavirus money tips: Savings, taxes and more

The sudden economic slowdown caused by the coronavirus pandemic has many Americans thinking about their daily finances.

Money experts Andrea Woroch and Allison Kade shared their tips for making the most of your budget.

CORONAVIRUS LAYOFFS SURGE IN U.S., WITH 1 IN 5 HOUSEHOLDS REPORTING LOST WORK

“There is a lot of panic happening right now — from food shortages at grocery stores to health concerns to income and financial worries,” Woroch told FOX Business. “The best thing you can do for yourself right now is to make a financial plan to help you get through these tough times.”

1. Get your tax refund.

Tax season looks a little bit different this year because of the virus. The Trump administration authorized the deferral of $300 billion in IRS payments, although Americans

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American teachers are facing ‘a perfect storm’ of crises amid the coronavirus pandemic

The compounding stresses of the coronavirus pandemic, the sudden transition to remote learning, and the politicization of schools reopening are burning out teachers.

“I was on the verge of leaving,” an art teacher from Connecticut, who teaches kindergarten through fifth grade but did not want to be identified out of fear of professional retaliation, told Yahoo Finance. “The reason why I stayed truthfully was because of my loan payments.”

According to a survey by Horace Mann of 2,490 educators in the U.S. in June, 34% of them are considering leaving the profession due to the financial stress they’re feeling. 

“It’s like a perfect storm happening right now because the federal government hasn’t passed any legislation to give states any money,” Tish Jennings, an associate professor at the University of Virginia who studies how stress affects teachers, told Yahoo Finance. “ And so when they don’t have enough money in the

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25 Common Activities, Ranked by Coronavirus Risk

States are reopening in the face of COVID-19 and school planning has begun, but that doesn’t mean it’s safe to go out or to attend. So you’re staying home in quarantine as much as possible. Yet the pandemic isn’t going to end anytime soon. At some point, you’re going to need to take some risks. Which are the safest?

Your personal risk of catching the coronavirus depends first and foremost on community transmission rates. If you live in Florida, your risk of picking up COVID-19 is much higher than if you live in Wyoming. However, you can’t only consider your family’s risk of catching the virus, but also how sick they’ll become if they do. Older people, particularly those over 65, and anyone with underlying conditions is at particularly high risk. And if you work in a job with potential exposure, going out means you could spread the virus around

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Looking for a Personalized Shopping Experience in Coronavirus Times? 5 Online Retailers You Need to Know Now

Click here to read the full article.

Everyone’s doing it — shopping online. As the pandemic continues to escalate, e-tailers will have access to more consumer dollars than ever before. However, brands and retailers that offer enhanced shopping experiences with free services such as personal stylists to fit specialists are likely to grab a bigger share of this burgeoning market.

While most sites attempt to make the buying process as seamless as possible by posting lengthy lists of frequently asked questions (FQA) and answers, others take shopping to the next level with live chats by online or by phone, with knowledgable customer service representatives.

More from Footwear News

Meanwhile, some continue to lure shoppers with free shipping offers and liberal return policies. In one go-the-extra-mile example, Lands’ End noted a customer recently discovered an item purchased in 2000 that was misplaced during a move. The company took it back and

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The bright spot in Trump’s coronavirus response

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QUOTE OF THE DAY

“Person, woman, man, camera, TV … if you get it in order you get extra points.” — President Donald Trump bragging about his performance on a test given to screen people for dementia.

WHAT’S HAPPENING

Portland Mayor Ted Wheeler is tear gassed while visiting protesters demonstrating against the presence of federal agents on July 22, 2020.
Portland Mayor Ted Wheeler is tear gassed while visiting protesters demonstrating against the presence of federal agents on July 22, 2020.

Twitter @ByMikeBaker

US weekly jobless claims rose to 1.4 million last week, more than economists expected and the first increase in months. It signals that the recovery has stalled as the virus surges in the South, West, and Midwest. More than 50 million Americans have filed for unemployment during the pandemic.  

Senate Republicans have ditched the payroll tax cut from their proposed relief bill. They’re proposing another round of stimulus checks instead. President Trump seems

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Republicans Struggling To Finalize Their Next Coronavirus Relief Package

After days of intra-party squabbles and months of delays, Republicans on Thursday struggled to unify around another economic stimulus package that would help Americans reeling from the resurgent coronavirus pandemic.

The proposal, which was initially expected to be made public on Thursday, now won’t be released until next week due to disagreements among Senate Republicans and the White House. And that’s even before negotiations with the Democrats, whose support will be necessary to send the legislation to the president’s desk.

“We’re still developing the bill. It’s not going to come out till Monday,” Senate Finance Committee Chairman Chuck Grassley (R-Iowa) said.

The last-minute hangup on a proposal that almost certainly won’t become law in its current form follows months of delays by Republicans, who argued that Congress should pump the brakes and evaluate its earlier stimulus measures before taking action once more. Now, millions more Americans have become unemployed and

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Republicans Finalizing Their Next Coronavirus Relief Package

After days of intra-party squabbles and months of delays, Republicans on Thursday came closer to an agreement among themselves on another economic stimulus package that would help Americans reeling from the resurgent coronavirus pandemic.

The proposal, which is expected to be unveiled later this week, will ultimately need the support of Democrats and is likely to change if it becomes law.

One of the biggest priorities for President Donald Trump — a payroll tax cut — will not be in the bill. The idea had little support within the Senate GOP despite the president’s monthslong insistence on it.

The package will, however, include another round of stimulus checks, as well as some kind of extension of enhanced unemployment benefits.

“We want to make sure that the people that are out there that can’t find jobs do get a reasonable wage replacement so it will be based on approximately 70% wage

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