Weathering the Pandemic: Texas Industries and COVID-19

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Weekly initial unemployment claims declined slightly in last week’s DOL report, but still remain above levels during previous recessions. Note that these numbers will be revised in two weeks as California stopped processing claims for the two week period. “The Republican budget cuts will restrict people’s access to health care, threaten our public safety and widen our skills gap,” Whitmer said. In a message sent by department directors Friday afternoon, the state’s 48,000 employees were told the notice of temporary layoff issued last week was rescinded and any planning and preparation for the potential shutdown should stop.

• While the company stated that it had sufficient capital, it decided that it would ultimately not be feasible to keep going as children returned to attending school in person.
• Questions about the WHO’s independence from China, the country’s secrecy, and the raging pandemic had turned the anticipated mission into a minefield of international grudges and suspicion.
• Dr. Worobey and his colleagues also carried out a new analysis of over 800 coronaviruses sampled from early Covid cases.
• East-West Digital News reported on how international sanctions, mismanagement, and strategic missteps contributed to the failure of this Russian e-commerce platform that had raised $81M in disclosed funding.

While many startups were beneficiaries of this funding boom, particularly the 127 that joined the global unicorn herd, others were not so fortunate. In mid-December 2021, Binance announced that it would close its portal in Singapore by February 2022. This move came at the tail-end of a series of regulatory challenges faced by the crypto trading platform. In September 2021, the Monetary Authority of Singapore had forced Binance.com to stop providing services to Singaporean residents, compelling its subsidiary, Binance Asia Services , to apply for a license to operate a regulated cryptocurrency exchange. Payday loan platform LendUp was forced to halt loan origination and the collection of some outstanding loans as the result of a lawsuit from the Consumer Financial Protection Bureau. The CFPB stated that the company had violated a 2016 consent order, engaged in misleading marketing practices, and failed to provide adverse-action notices to consumers in a timely manner. Low rental turnover amid Covid-19 hampered the company’s ability to generate revenue, and while the startup looked to raise additional capital in the latter half of 2021, talks with venture firms fell through, as did its attempt to find a buyer.

Further outbreaks

Michelin is advancing theclosure of its Dundee factory in Scotland from June this year, with the site not restarting production when coronavirus restrictions are lifted. Ford said it would make 50,000 face shields at factories in Brazil and Argentina to donate in the fight against the coronavirus pandemic. French suppliers association, FIEV (Fédération des Industries des Equipements pour Véhicules), says it will not collect subscriptions for this year given the scale of the coronavirus pandemic. Australian new vehicle sales were down 17.9% in March, the Federal Chamber of Automotive Industries said, attributing the drop to the effects of the COVID-19 pandemic on the general economy. Staffordshire’s Faurecia now will furlough workers following pressure from union Unite. The supplier has now confirmed that its workforce would be registered under the government’s job retention scheme following pressure from the union which roped parent company PSA and customer Jaguar Land Rover into the fight. The US Department of Health and Human Services has announced the first contract for ventilator production rated under the Defense Production Act, to General Motors.

Reach Robotics, the startup behind gaming robot MekaMon, shut down after being unable to make it in the hypercompetitive consumer hardware industry. Both co-founders weighed in with their thoughts around the life and challenges of Reach Robotics. Scandals have also plagued this latest cohort of failed startups, from an IP battle over apples, to bribes offered to doctors, to an FBI raid on a poop–testing company with questionable billing practices. He added that, in hindsight, he would have looked to adopt more of an ownership business model rather than concentrating so heavily on a master lease model. Some of the vendors of the company were also not paid their dues, the former employees of the company told us. The online reviews of Awok on Trust Pilot suggest that the company was not fulfilling the orders of customers in spite of receiving payments.

To Chan, it appeared that SARS-CoV-2 was already “pre-adapted to human transmission,” she wrote in a preprint paper in May 2020. On February 14, 2020, to the surprise of NSC officials, President Xi Jinping of China announced a plan to fast-track a new biosecurity law to tighten safety procedures throughout the country’s laboratories. “In the early weeks of the pandemic, it didn’t seem crazy to wonder if this thing came out of a lab,” Pottinger reflected. To some people, it seemed natural to ask whether the virus causing the global pandemic had somehow leaked from one of the WIV’s labs—a possibility Shi has strenuously denied. For example, During Q1 and Q2 2021, a retailer’s receipts were down 25% and 20%, compared to the same periods in 2019. In Q1 the retailer paid three employees wages of $28,000; in Q2 the wages were $35,000.

3. Survival period and time required to get back to normal business

This Executive Order is effective October 25 and supplements the Community Revitalization Order, Executive Order 43. REGIONS 4 AND 10 MITIGATIONS — Region 4, the Metro East, has had a 7-day rolling average test positivity rate of 8 percent or above for three consecutive days. Region 10, Suburban Cook County, has had eight consecutive days of increases in test positivity and seven days of increased hospital admissions. In response, public health restrictions and mitigations will be implemented for Regions 4 and 10 for restaurants and bars, meetings and social events, gaming and casinos and for all workplaces, effective October 28, 2020.

Between the first and second quarters of 2020, their combined Texas GSP fell by more than $19 billion or 32 percent. Total output in the arts, entertainment and recreation industries declined by more than half .

Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, and Texas

SUSPENDS VARIOUS PROVISIONS — Suspends provisions in the Assisted Living and Shared Housing Act, the Nursing Home Care Act and the Community Care Act. For example, suspends IDPH conducting an on-site review at each facility annually. Suspends provisions regarding pest control, milk production, mobile homes, body piercing and speech language pathology. STATE FAIRS – Cancels the State Fairs in Springfield and DuQuoin scheduled for 2020, to protect the health and safety of fairgoers, entertainers, competitors, https://quickbooks-payroll.org/ vendors, employees, and those living in the surrounding areas. ILLINOIS INTERAGENCY TASK FORCE ON HOMELESSNESS – Establishes the Illinois Interagency Task Force on Homelessness and the new position of State Homelessness Chief to lead the task force. Also provides for a Community Advisory Council on Homelessness consisting of diverse stakeholders, including representation of people with disabilities, people with lived experience, the philanthropic sector, and local Continuums of Care.

• The company recorded an operating loss of 989 million SEK over the first six months of 2020, as revenue fell by 14.1 per cent to 111.8 billion SEK.
• The company’s vehicle assembly plant in Canton, Miss. and powertrain plant in Decherd, Tenn. plan to resume production on June 1, followed by its Smyrna, Tenn. vehicle assembly plant on June 8.
• Last Monday, the automaker said its popular BMW Welt , museum and group classic attractions would will be closed to the public from 17 March until further notice.
• June 2020 new vehicle registrations in New Zealand were down 17.5% year on year to 11,514 units.
• Another outbreak by imported case was reported in the northern border town of Heihe, Heilongjiang province.
• It plays a significant role in our economy by supporting tourism and hosting meetings and events.
• Governments across Europe are announcing schemes to boost their automotive sectors.

Hyundai Motor Group reported an 18% fall in US vehicle sales to 104,786 units in May from 128,296 units a year earlier, as the COVID-19 coronavirus continued to impact demand in the world’s second-largest automotive market. Unite, the UK and Ireland automotive industry union, has described the announcement that 1,100 agency workers at Jaguar Land Rover factories will lose their jobs as “more devastating news for the UK’s automotive communities”. “The job losses are a result of a sharp decline in car sales as a result of the COVID-19 pandemic,” the union added. The Thailand new vehicle market fell by over 42% to 40,418 units in May 2020 from strong year earlier sales of 88,097 units, according to wholesale data compiled by the Federation of Thai Industries . That followed a 56% plunge in April, which was expected to be the low point of the COVID-19 health crisis with the economy on full lockdown that month. New vehicle sales in Malaysia fell by over 62% to 22,960 units in May 2020, from 60,760 units in the same month of last year, as economic activity continued to be held back by measures put in place to slow the spread of the COVID-19 coronavirus pandemic.

WHOLESALE SUMMER SHUTDOWN PERIODS

Ahead of the Hubei authorities, a Class 1 Response to Public Health Emergency, the highest response level was announced by the mainland province of Zhejiang on 23. Stringent measures such as lockdown of Wuhan and the wider Hubei province and face mask mandates were introduced around 23 January, which significantly lowered and delayed the epidemic peak according to epidemiology modelling. On the following day, Hubei and other 13 mainland provinces also launched a Class 1 Response. By 29, all parts of mainland initiated a Class 1 Response after Tibet upgraded its response level on that day.

• Over the same period, retail sales declined by 17 percent.57 In terms of both sales and employment, the largest declines were in industries selling nonessential products whose purchase could easily be deferred.
• Despite the Covid-19 pandemic, global VC funding grew 15% year-over-year in 2020 to over $259B.
• PSA has elaborated on its health and teleworking measures as the manufacturer looks to manage the coronavirus crisis.
• I define startups as companies that don’t have control of their own destiny because they rely on investor cash infusions to operate.
• “We took immediate action on the planning side of the business to increase production,” McNulty said.
• In early November, Dalian reported more than 80 cases of COVID-19, the first of which occurred in a warehouse worker in the Zhuanghe district of the city on 4 November.
• Read on for the post-mortems of 4 startups that have shut down since September 2021.

Nissan’s US operations, too, have from today ordered those employees who can to work remotely. Michelin North America will start a temporary, phased shutdown of some of its tyre production facilities in the US and Canada due to the broad effects of Covid-19. European automotive supplier association, CLEPA says a poll supported by McKinsey shows 60% of respondents expect to lose 20% or more of revenue. Faurecia has donated100,000 surgical masks to the Civil Hospitals of Colmar in Eastern France, an area particularly affected by the coronavirus, while Valeo has also made a similar gesture. Faurecia has shut down a large number of its production sites in Europe and will do the same in North and South America, following similar temporary moves by its customers. Autoliv said it was withdrawing its full year 2020 guidance until the effects of the COVID-19 pandemic could be better assessed.

April 2020 Guidelines

They reported that the Huanan market samples included two evolutionary branches of the virus, known as lineages A and B, both of which had been circulating in early Covid cases in China. The researchers swabbed walls, floors and other surfaces inside the market, as well as meat still in freezers and refrigerators. They also caught mice and stray cats and dogs around the market to test them, while also testing the contents of the sewers outside.

Declares the State of Illinois as a disaster area due to the monkeypox virus effective August 1, 2022. The EO directs the Illinois Emergency Management Agency to implement the State Emergency Operations Plan, coordinate State resources, and aid with emergency purchases necessary for response. Chinese official data counts “asymptomatic” cases, when an individual tests positive for the virus, separately from “confirmed” cases, where infected individuals have their symptoms verified through medical observation.

• Until prices start increasing, some growers say they’re struggling to make a profit.
• Read on to dive into the detailed post-mortems of the startups that shuttered from February 2022 to present.
• Further, to add empirical evidence, we collected data from micro, small, and medium-sized enterprises operating in Pakistan.
• Patients should be reassured that recovery from smell or taste impairment may continue for many months after the onset,” the authors say.
• In the catalog, buyers can view digital and customized product catalogues, which Cuisinart curates based on the type of retailer and its needs.

Health care facilities, professionals, and volunteers are immune from civil liability for any injury or death alleged, unless caused by gross negligence or willful misconduct. CANNABIS REQUIREMENTS — Suspends the requirement that IDFPR issue up to 75 Conditional Adult Use Dispensing Organization Licenses before May 1, 2020. TIER 3 MITIGATIONS — In response to the recent surge of cases across Illinois, all regions of the State have triggered additional mitigation strategies.

Executive Order 2022-11

When state and local government education industries are experiencing large employment changes not tied to the normal seasonal hiring or laying off of workers, employment gains on a seasonally adjusted basis can be misleading. According to nonseasonally adjusted annual average data for 2019, food services and drinking places employment made up 73 percent of total leisure and hospitality employment. By the end of 2020, education and health services had recovered 54 percent of the 2.8 million jobs lost in March and April. After reaching a peak in February 2020, employment in leisure and hospitality fell by 8.2 million in March and April. (See chart 6.) By the end of the year, 4.4 million of these jobs, or 54 percent, had been recovered. Leisure and hospitality’s overall job loss for 2020 was 3.7 million—the largest of any major industry group.

According to the Pakistan Labor Force Survey (2017–18), the unemployment rate in the country is 5.8% . However, due to the ongoing crisis and lockdown, the unemployment rate is expected to reach 8.1% during the fiscal year 2020–21 . The impact of coronavirus on the global and Pakistani economy will leave deep scars. Therefore, it is extremely important to empirically assess the impact of COVID-19 outbreak on MSMEs to assist policymakers and practitioners to streamline their strategies to help these businesses survive from the ongoing crisis. MSMEs are 2019 Wholesale Summer Shutdown Periods the backbone of many economies worldwide that provide income and employment generation to a large number of people around the globe. Similarly, in the case of Pakistan, MSMEs2are crucial for the economy as they constitute over 90% of the estimated 3.2 million business enterprises and contribute 40% to the GDP with over 40% to export earnings (SBP, 2016; Shah, 2018). These businesses are spread all over Pakistan in rural and urban areas and represent a significant portion of agriculture, manufacturing, retail, wholesale, trade, and service sectors.

ESC Releases Guidance on How to Address CVD in COVID-19 Era

Renault’s date next week reinforces the caution with which companies are proceeding. For both companies the loss of sales in such a key market is a big issue, but especially for Nissan given the pressures on its bottom line. The additional drop to the market in China this year will further dent Nissan’s already under-pressure profitability level, piling on the pressure to make cost cuts elsewhere. A poorer cash-flow position will also reduce available funds for much-needed investment. Meanwhile, British labour body, Unite, while saying it would back any move to produce ventilators in the national interest, is urging the UK government to “pick up the phone” to discuss how the health emergency can be managed in line with protecting the economy. Adient is suspending its FY2020 outlook due to global economic uncertainty caused by the COVID-19 pandemic. In the light of the current draconian restrictions in France, which has seen most of the population confined at home,PSA CEO, Carlos Tavares held a virtual meeting with Finance Minister, Bruno Le Maire to discuss the situation.

Suspends classroom training for private security and fingerprint vendors, as any training can be conducted online. CIVIL PROCEDURE — Suspends sections in the Illinois Code of Civil Procedure that permit the service of a garnishment summons, wage deduction summons, or a citation to discover assets on a consumer debtor or consumer garnishee. It shall not be construed to apply to domestic support obligations or relieving a debtor of any liability. CANNABIS IDENTIFICATION CARDS — Suspends the requirement that a medical or adult use cannabis cultivation center agent must have a completed background check when applying for an agent identification card. Also suspends the requirement that the Department must approve or deny an application for a medical or adult use cannabis cultivation center agent identification card within a certain amount of days. RELIEF FOR UTILITY CUSTOMERS – Temporarily suspends two provisions of the Illinois Energy Assistance Act. The order expands the use of available emergency relief dollars for Illinois utility customers currently at risk of service disconnections following the end of the winter moratorium, and maximizes the number of households eligible for relief.

Executive Order Number 29

Honda Motor said it would extend a shutdown of its Mexican plants through 30 April and plans to furlough most US salaried workers for two weeks as a result of the coronavirus pandemic. Sales by Ford and its joint ventures in China fell 34.9% year on year in the first quarter. “Amid an unprecedented business slow down due to the COVID-19 pandemic, Ford’s quarterly sales declined… but fared slightly better than the industry,” the automaker said. Veoneer, currently selling yet to be launched US brake control programmes to an unnamed supplier to focus on its core electronics business, said first quarter sales fell 27% year on year to $362m.