By how much does it expect oil prices to be lower? The IMF has a benchmark based on the simple average prices of UK Brent, Dubai Fateh, and West Texas Intermediate crude oil. The average price of oil in US dollars a barrel for this benchmark was $68.58 in 2018; the assumed price, based on futures markets (as of November 27, 2018), is $58.95 in 2019 and $58.74 in 2020. … [Read more...] about Quick Take | Can the IMF predict oil prices?
Playoff predictions nfl
Pennsylvania, 378,908 Ohio, 187,784 Texas, 155,657 California, 186,809 New Jersey, 155,454 Massachusetts, 147,995 Washington, 133,478 States including Alabama, Wyoming, North and South Dakota, Arkansas, Hawaii, Mississippi, Rhode Island, Utah, Vermont, and West Virginia remain less affected by COVID-19, with under 10,000 new applicants each. New York logged 80,334 new claims. … [Read more...] about Eye-popping 3.3 million new unemployment claims: These states were hardest hit
Some businesses are adopting that approach. On a recent conference call organized by the Main Street Alliance, a national network of small business owners, entrepreneurs shared their concerns about rising debt loads, expressed appreciation for local efforts to support them through gift card purchases, and said they hoped federal low-interest loans would roll out in the coming weeks. One of the participants was Aaron Seyedian, the founder of Well-Paid Maids, a living-wage cleaning company that is paying out a $500 emergency bonus to each furloughed staff member to help cover needs in the short-term and paying for 100% of their health insurance premiums while they are closed. “I absolutely think a shared-sacrifice, community-minded approach to weathering this storm is essential,” he told me later. … [Read more...] about To save capitalism from the COVID-19 crisis, we need to act more like socialists
Will this spark long-term changes? How people work changed overnight, and the new processes may become permanent, says Stewart. “In the past, our studies found that 44% of companies wouldn’t entertain remote working, and now pretty much every company has to entertain it,” he says. “That’s a huge shift in working, interviewing, and hiring. It requires a greater level of trust, understanding credentials, and managing personalities and relationships.” … [Read more...] about How COVID-19 is changing the recruiting and hiring process
Businesses can afford to pay more The ability to grow a company without a lease is becoming more and more attractive. When Chris Neumann started his company, Cro Metrics, in 2011, he knew he wanted a remote workforce. In addition to being able to offer a flexible work-and-life balance and attract top-tier professionals, he also understood how not paying office rent would translate into happier employees. “Most companies spend 10 to 15% of revenue on rent. We use that savings to pay our employees above-market wages,” he says. “We are providing really great jobs that team members would otherwise not have access to, and in return we are able to attract the best talent from around the country.” … [Read more...] about We’re in the midst of a massive work-from-home experiment. What if it works?