In March, as part of the CARES Act, Congress passed a moratorium that prevented some evictions. Property owners with federally backed mortgages couldn’t evict tenants if they couldn’t pay rent. The moratorium protected around 12 million people from losing their homes, but after four months, it expired in late July. Like other coronavirus aid, it was supposed to offer temporary protection until the virus could be controlled—something that the United States has failed to accomplish. That early moratorium also didn’t protect the millions of Americans who live in rentals with private mortgages. Many state eviction moratoriums that protected those renters have also expired. … [Read more...] about No, Trump didn’t ban evictions
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The past few months have seen almost all businesses make dramatic shifts, and the same is true for venture investing. By April 1, I knew I’d been fooled. I had figured COVID-19 would be just a bump in the road for our portfolio companies across Southeast Asia. Lockdowns and other measures were disrupting life in countries from Malaysia to Vietnam, but the founders and CEOs of our firms expected things would bounce back to normal soon. And so did I, until the bad news and grim projections from overseas kept coming. The data points were adding up to a pattern which in no way looked like a V-shaped, or even U-shaped, global economic recovery. … [Read more...] about How my VC fund is helping our companies survive the pandemic
Says Shakti Lumba, an industry veteran who had held senior positions in IndiGo and Alliance Air: "An aircraft in control does not crash. They only crash once the pilot loses control: The question is why? Reasons can be attributable and not attributable to the pilot. To determine, there is a through investigation to help us learn and change how things are done, made, designed and operated." … [Read more...] about Air India Express crash | Do investigators take the easy way out by blaming pilots?
Speaking to analysts Rajesh Jejurikar, M&M’s Additional Director & Executive Director, Automotive and Farm Sectors, said: “We had to start prioritising models after the lockdown. Given the strong rural pull we had started prioritizing the Scorpio and Bolero. So some of our models haven't even got out yet — that's all pent-up (demand) and for Marazzo, XUV 300 and XUV 500.” … [Read more...] about Tata Motors and Mahindra in see-saw battle in key auto segments
Hyundai Motor India Ltd (HMIL) on Tuesday said its SUV Creta has crossed five lakh cumulative sales mark in the domestic market. The model also remains the best-selling SUV for three consecutive months of May, June and July this year. Its new version was launched in March this year. … [Read more...] about Hyundai Creta crosses 5 lakh cumulative sales milestone in domestic market