One of the many tips I’ll talk about during the webinar is the introduction of “Yodas” into your team—named for the wise Jedi master in Star Wars. These are people on your team who are assigned the role of “truth teller” in the remote meeting. When your meeting starts to feel bureaucratic, unproductive, or downright toxic, you or one of your colleagues can channel the Yoda in order to tell it like it is. We will show you how to activate this new courage among your team. It is simple but powerful. We will march through a simple set of actions, of which many more are posted at a resource page we created that any leader can use to make an immediate difference. We will also explore how to shift the traditional boring reports into collaborative and challenging debates that help everyone go higher. … [Read more...] about ‘Virtual’ doesn’t have to mean second best. Your remote team can outrun traditional ones
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If you own a home, you could consider opening a home equity line of credit as a financial backstop. The loans let you draw on your home equity — the difference between the value of your home and any mortgage you already have. At the end of 2019, nearly 45 million homeowners with mortgages had ‘tappable’ home equity, $119,000 on average, according to the research firm Black Knight. … [Read more...] about Coronavirus | How to build an emergency fund in the middle of an emergency
When should a borrower opt for the moratorium? As Moneycontrol has explained in earlier articles, the EMI deferral is not a benefit to any category of borrower since it is not a waiver or a payment holiday. It is only a relief for the distressed borrower who has lost income during the COVID-19 lockdown and does not have the money to pay up their EMIs. … [Read more...] about SBI’s ‘automatic’ EMI moratorium offer: Watch out for this hidden risk for borrowers
"India has been at the forefront, digitising programmes like pensions and subsidies to buy cooking gas for poor families,” said Anit Mukherjee, a policy fellow at Washington-based Center for Global Development (CGD), which released a report on Tuesday titled 'Citizens and States: How Can Digital ID and Payments Improve State Capacity and Effectiveness?' … [Read more...] about India has building blocks for successful rollout of digital government transfers: Report
In Los Angeles, where around 60% of the population are renters, the city has a moratorium on evictions—as in other cities with similar moratoriums, this means that tenants should notify their landlords about why they can’t pay and provide documentation about their loss of income because of COVID-19. But the city also extended the period that renters have to pay back old rent; they’ll now have as long as 12 months. Landlords of rent-controlled apartments also won’t be able to raise rents, temporarily. The city is also discussing providing financial help to tenants to pay rent. Some advocacy groups, including Strategic Actions for a Just Economy, are pushing for stronger protections, including a temporary freeze on rent payments, rent forgiveness, and a suspension of mortgage payments. … [Read more...] about How are people supposed to pay April rent if they lost their jobs due to coronavirus?