The current 5.9% unemployment rate, compared to 3.5% before the pandemic, shows that the country is still suffering from joblessness. But the situation becomes more unusual because there are plenty of job openings and a plethora of workers. Unfortunately, the workers who need jobs are not a suitable match for the jobs that are open. Because of this unbalanced equation, the country is finding it difficult to get back on track.
Although people spent much of the pandemic wishing that the world could return to normal, now that vaccines are administered and people can return to the office, not everyone is in a big hurry to do so. In fact, most workers who can work from home favor the idea of doing so for at least part of each week. Companies are trying to determine the best way to cater to their employees while still fostering creativity and innovation.
Revering football stars is nothing new, but when the stars have a platform of 300 million Instagram followers, whatever they say or do can become gospel. And for chiseled Portuguese football star Cristiano Ronaldo, his stance on sugary drinks has shaken the world of Coca-Cola this week. With all eyes on the European Championship, one moment of passion by a fit football phenom has taken $4 billion away from Coke’s market cap.
Thanks to scientists around the globe, the Covid-19 vaccines have effectively lowered the number of cases and deaths in recent weeks. After nearly 15 long months of wearing masks and quarantine, this miraculous “shot heard ‘round the world” is ushering in a return to normalcy. With people returning to an in-person work environment, the real question surfaces: Can employers demand that you get vaccinated?
After a year like no other, restaurant owners and retailers are smiling big this week after the CDC lifted the mask mandate, which allows patrons to shop and eat without wearing a mask. Fourteen long months into the pandemic, this is a true glimmer of hope that Americans may return to life as they knew it. And for restaurant owners and retailers, the news is more than welcome.
Dubai is one of the most beautiful, opulent, glamorous, and influential cities in the world. And it continues to hone its craft despite a worldwide pandemic and drop in tourism. With the help of social media influencers as well as forward thinking government officials and business people, Dubai is slated to remain on the cutting edge.
Last March, workers packed up on the fly and headed home for what they thought would be a few weeks at home with the threat of Covid-19 looming. One full year later, the temporary thoughts of remote work have been replaced by the idea that working from home is here to stay, at least for a while. Because many large companies are continuing the remote work, companies and politicians are trying to create some policies and procedures to make remote learning
The pandemic has turned the nation upside down and changed the way of life for most Americans. Remarkably, the positive trends for multifamily investing have been holding strong. Over the last five years, investment into non-major markets has increased 13.9%. Aside from the fact that there are more metros to choose from, and therefore more quality investment opportunities, investors are realizing that there is more value to be found in smaller
Family Offices have one consistent goal: to help wealthy families preserve and grow their wealth across generations. Increasingly important to that goal is an allocation to real estate investments. The trend favoring exposure to real estate began a few years ago, but the pandemic is accelerating the situation. With plenty of dry powder and a long-range goal in mind, many family office investors are taking another look at real estate as a viable option for wealth management.
Commercial real estate experienced a year like no other in 2020. With workers at home, office buildings are sitting vacant. And with the high unemployment numbers, some rent is not getting paid at all, or people are asking for a forbearance. The traditional retail mall and the hospitality industries have been decimated. But there has been some good news: some commercial real estate has become a desirable commodity because of the expanding need for space in the
Ten months into the economic crisis caused by the coronavirus, and clearly the effects are being felt all across the country, including in the commercial real estate business. The entire country has changed long-established habits of shopping in strip malls, going to work, and buying groceries in person. Underlying these lifestyle changes are the buildings themselves, in which people live, work, and shop (or used to). After nearly a year of coronavirus lifestyle
What do New York City; Seattle; Pryor, Oklahoma; and Arlington, Virginia all have in common? These are the homes of the newest hot spot real estate buys for the big five tech companies: Amazon, Facebook, Apple, Microsoft, and Google. In a time when the country is dealing with lockdowns and the uncertain health protocols and the nation’s economic future, these technology powerhouses are getting ready to house the employees and tech of
There is no question that a catastrophic global event such as the coronavirus pandemic affects the world economy. With people stuck in their homes during the spring lockdown, buying and selling ground to a virtual halt. Big businesses hid their cash, families stopped spending, the hotel and travel industry was decimated.
When the coronavirus came hurtling to the west coast of the United States early this year, cascading eastward, it brought with it a secondary virus: economic disaster. Much of the country went into lockdown, shuttering restaurants, bars, health clubs, spas, salons, and any business not deemed “essential.”
The past week has been a big one for China’s trade relations, with Xi Jinping and his advisors opening up the world’s second largest economy through the Regional Economic Partnership of Southeast Asia. This connection has been 40 years in the making. In 1978, Mao Zedong’s Cultural Revolution
A few days ago, lawmakers presented their opinion regarding a potential breakup of tech giants, Facebook, Google, Amazon, Apple, and Microsoft, citing stringent antitrust laws and enforcement measures. As per their argument, Microsoft, Facebook, Amazon, Apple, and Google now hold monopoly power that they utilize to erase competition and mute innovation by others.
For several years now, there has been much controversy over how investment performance is measured in the private equity world. In an economy increasingly clouded by uncertainty, investors need to know that returns for a prospective investment are an accurate measure of performance.