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  • Still, lenders report that the E Tran system was experiencing issues out of the gate amid a deluge of applications

    Still, lenders report that the E Tran system was experiencing issues out of the gate amid a deluge of applications

    However, lenders report that the system E Tran knew the problems of the door in the middle of a flood of applications. Rob Nichols (@BankersPrez) On April 27, 2020 Note, the Small Business Administration said Monday that more than $ 2 billion in PPP loans went to businesses in the first round of funding was refused or returned, and will be given in the pot for the second round. More Senator must read Fortune financial coverage. Fire? What to know about your rights and benefits Listen Leadership Next, a Fortune podcast review the evolving role of CEO VIDEO. We struggled with E Tran this morning Sunrise Banks CEO David Reiling Fortune said in a note Monday. Others, like FinTech Square, which began approving applications in a tower after obtaining the approval for the SBA program, told Fortune on Monday morning he received loans email once opened Tran rescue. lost 26.5 million jobs Why charge members of Congress with insider trading is so heavy without work, not unemployment. Our member banks across the country are deeply frustrated by their inability to access the E Tran @SBAGov system. Many lenders anticipate a 3 round will be needed to meet demand of the program. How Europe pays its workers slowed This time, banks were ready. Rob Nichols, president and CEO of the American Association of banking trade group of bankers said in a tweet on Monday that banks have been deeply frustrated by the E Tran system Monday morning. program Our mission is to help you navigate the new normal is supplied by subscribers. real unemployment rate soared to 20% and past the US How Big Four ready to survive the coronavirus Furlough against the treatment site SBAs, E Tran, problems suffer soon after its opening relief around 10:30 Despite long queues at many banks, large and small, some lenders still suggest the application of the PPP, although its first in round 2. one hand, Seattle-unemployment-rate-in-one-chart-What-we-can-learn-from-Chinas-color-coded-apps-for-tracking-the-coronavirus-The-retailers-that-are-smartest-about-tech-will-finish-on-top-after-the-coronavirus-Big-Pharma-has-the-chance-to-come-to-the-worlds-rescue-More-surveillance-and-less-privacy-will-be-the-new-normal-after-the-coronavirus-WATCH’>based Washington Federal bank has an order book of almost 1500 requests in queue for their systems, they deal in waves, over 2,000 additional applications in banks waiting list. Replenished with a new $ 310 billion, many banks say the new money will first go to a treasure of backlogged applications in the first round who were unable to obtain financing or converted into timeleaving some to wonder if the funds for this tranche will be depleted within days. To enjoy unlimited access to our journalism, subscribe today. However, the Small Business Administration said fortune in a comment that the SBA has advised lenders yesterday that stimulation applications in the E Tran system would occur, which means that all lenders would be able to submit at the same rate per hour . Whether thats 500 or 1000 every 10 hours to see how it goes, CEO Washington Federals Brent Beardall recently told Fortune. During round 1 of the PPP, the E Tran system would have had intermittent problems and down for periods of time, reminded banks. Minnesota-unemployment-rate-in-one-chart-What-we-can-learn-from-Chinas-color-coded-apps-for-tracking-the-coronavirus-The-retailers-that-are-smartest-about-tech-will-finish-on-top-after-the-coronavirus-Big-Pharma-has-the-chance-to-come-to-the-worlds-rescue-More-surveillance-and-less-privacy-will-be-the-new-normal-after-the-coronavirus-WATCH’>based regional bank Sunrise Banks recently said he Fortune about 3,000 applications in its queue for cycle 2. The stimulation mechanism prevents a lender to submit thousands of loans one hour in the E Tran system . Round 2 of the Paycheck Protection Program began on Monday morning, and small business administration systems already experiencing problems amid a flood of backlogged applications. Jackie Reses, head of Square Capital, told Fortune that weekend, the SBA has established a way for banks if the pace wasnt flooded system early (I’m so anxious [but] our loans are get through, so I feel so much better, she said)


  • unemployment rate in one chart What we can learn from Chinas color coded apps for tracking the coronavirus The retailers that are smartest about tech will finish on top after the coronavirus Big Pharma has the chance to come to the worlds rescue More surveillance and less privacy will be the new normal after the coronavirus WATCH

    unemployment rate in one chart What we can learn from Chinas color coded apps for tracking the coronavirus The retailers that are smartest about tech will finish on top after the coronavirus Big Pharma has the chance to come to the worlds rescue More surveillance and less privacy will be the new normal after the coronavirus WATCH

    the unemployment rate in a chart What we can learn from China’s color applications coded for tracking coronavirus Retailers who are smarter about technology finish on top after the coronavirus Big Pharma has the chance to come to the worlds of rescue a more and less privacy monitoring will be the new normal after the coronavirus watch. And in that case, New Yorkers attitudes to shout each other perceived misbehaviors change. The city, in the United States but calls to complain can also go too far. Dive into the stories of the print edition of Fortune. The question trillion. While New Yorkers showed their side softer largely consistent with living rules at home and make a collective racket every day at 19 am In period 1 April 23 March, the counting of social distancing complaints was second only to the music loud statement 23.623 persons or parties in a residential area, a life saver in New York, but maybe people with nerves frayed are less tolerant now. The city’s 311 emergency hotline was not the first complaint about an alleged non-compliance with social distancing person rules March 28 far will fall GDP? How each fueling industry in the US Another outbreak, but until recently rare, type of complaint emblematic of our time. The largest decline is requests for the removal of large bulky items due to the cessation of the construction. Our worlds have been reduced to only our apartments, and we’ve lost our basic level of control, said Dr. In all classes, calls to 311 were down 17% during this period, because many aspects of our everyday lives that would usually keep 311 operators busy commissioning appeals are pending. suburban Ford CEO Jim Hackett on the pivot companys coronavirus combat Subscribe to home, a daily newsletter overview of stories about coronavirus pandemic and its impact on world affairs. With the suspension side parking rules alternate, limiting parking to one side of the street for several days, complaints about illegal parking have evaporated. Even in quarantine, New Yorkers are New Yorkers. But the coronavirus solitary confinement leads New Yorkers to pay more attention to each others’ behavior, judging by new models in calls made to 311. And complaints are down for a long time target ire of New Yorkers. And with the way of driving down less New Yorkers call to complain of a locked parking. And in a sign of New Yorkers could be in the suburbs as quiet enveloping the city these days, complaints about loud talking on the sidewalk are way. Greg Kushnick, a psychologist based in New York City. New York is a city founded on an ethic of you do your thing, I’ll do mine. This first complaint on April 23, some 17,682 calls came to tell New Yorker has stood too close to another


  • Bill Gates explains how to beat the coronavirus pandemic The U.S

    Bill Gates explains how to beat the coronavirus pandemic The U.S

    Gates tells how to beat the pandemic coronavirus the United States to learn why limit hospital beds at a cost of high Instacart hiring 250,000 more workers amid growing demand whether Whether your small business loans applies Round 2 PPP ASB 14% of women considered quitting their jobs because of the pandemic coronavirus approach 3 fronts to defeat coronavirus Why coronavirus crisis makes moral leadership more important than ever podcast. FOR MORE coronavirus Fortune. This leaves Americans ineligible 1.2 million, according to the complaint filed in federal court in Chicago. Doe says he is married to an immigrant who pays taxes and files tax returns with a taxpayer identification number, which is issued by the Internal Revenue Service. podcast Covid 19 could have changed the concept of the best companies of the year VIDEO. The 2 billion Cares law, approved by Congress last month, provides $ 1,200 payments in the US The lawsuit was filed Friday by an Illinois man using the pseudonym John Doe, which seeks to represent all the others in his position. Iowa State Senator Claire Celsi said on Twitter hangar was contacted by people who are affected. Trump suit names, Majority Leader of the Senate Mitch McConnell and Acting Secretary of the Treasury Steven Mnuchin


  • These questions can help you think through how you want to position yourself: What are you most passionate about at work? What parts of your experience are unique to you and give you a valuable perspective? What experience informs your approach? How can you show people that you can deliver? Do you need to revise how you are presenting yourself for who you are now? Or where you want to go next? If youre having a hard time thinking about what you want your next accomplishment to be, start small with what youd like to be doing right now

    These questions can help you think through how you want to position yourself: What are you most passionate about at work? What parts of your experience are unique to you and give you a valuable perspective? What experience informs your approach? How can you show people that you can deliver? Do you need to revise how you are presenting yourself for who you are now? Or where you want to go next? If youre having a hard time thinking about what you want your next accomplishment to be, start small with what youd like to be doing right now

    These questions can help you think about how you want to position yourself: What you are most passionate about at work? What parts of your experience are unique and give you valuable perspective? What is the experience informs your approach? How can you show that you can offer? Do you need to revise the way you present yourself for who you are now? Or you want to go? If you are having a bad thought about what you want your next achievement be, start small with what you’d like to do right now. Your goal is to arrive at a sentence that says clearly to people what you do and what your approach is. Here are the prompts that will help you unpack your work experience: How would you describe the work you do now in one sentence? Think of someone who understands what you do well or you often work. Erin Erin Dear, you’re not the only one who has trouble talking to you professionally. When coaching new people, the first thing I focus on how they describe themselves and their work. While you’re working through how to introduce yourself, write all these things. Workspace will take a break after this column. A turning point came when I realized that I didnt need to concentrate on convincing people that I was capable. To develop a story, you’ll build on how you define your work and the arc of your career with more examples of your experience. I do not know that I need a bio or where I would put it. Your range of experience is a major asset. My please, if you do one thing this advice column do one thing is for you to start by describing the work you do in a sentence. Your next task is to frame your experience with a focus on what you want to be in your current position doingwhether thats in your work with clients, or your next role. Like you, I’ve changed a lot in my career. There is power in having you on your own terms. Once you have a bio that you are happy with, you can adapt to different contexts, shorter for social media, more when you want to share a specific expertise, as if you are speaking at a conference or posting on your website. Once you have a strong idea that summarizes what you do, build. The question was slightly modified and condensed for clarity. Q: I read your last column and gauges that freelancers can do now. At this stage of your career, its not only show people that you can do the job. These descriptions give people a place to anchor their understanding of you and how you approach your work. What do you want to be doing most? Find examples from your past that shows how you are qualified to do this job. Tell people what you are passionate about doing and that you’re excited now. You should be framed reflection on what is most important for people to know about how you approach the job. You can read all the columns here. You may need to revise the way you are introduced to be more in line with the work you’re doing now (as opposed to how you define your work in the past), or to find out where you’d like to focus more energy in the future. If you want advice on something you navigate the job, send your questions to workspace@fortune.com. People do not know where to start. Think of the parts of your InForm experience the way you approach your work. Show how you were able to move things with examples of your past experiences. If people have any questions, you Theyll ask for details if you have captured their attention with the broad strokes of what you could be. Focus on the approach you have taken and the impact that you have had in your work. I needed to help people understand what it means to work with me and what I value in your colleagues and employees. The closer you are to capture what you are interested now and how you are qualified to do based on your past work, the more you are likely to find new opportunities that match what you’d like to do. focus Whenever people ask me what I do, I usually do just something about this place I’ve recently that I think is important for them. People change jobs all the time, and people grow in their jobs. People feel secure about describing their own experience. And many fear that if they’ve changed jobs, people may think they lack attention or worse: that they’ll have to start over in a new industry. Many people find it easier to talk to other people that work themselves. Owning your past achievements and be able to give people a glimpse of what you have been able to open more possibilities for what you can do in the future, on your terms. I’ve led dozens of people to improve their résumés and grounds, and again and again, the same things to come. Its about showing them how you approach things and what you want to accomplish. You can be an event producer that designs experiences that connect people with new technologies. A summary concise allows you to drive with how you define your work, not what you think others want to hear. Or you may find that you can describe your work in a paragraph, and the need to take a few passes to boil until concise something. Now I focus on showing the larger picture of how I get things done and what I’ve been able to accomplish. Workspace is a Q biweekly column and raise labor challenges you keep night. I am in two ways: I let others guide the conversation, and, worse, I thought I had to convince people that I was hirable. Get a grip on your career arc is crucial so that you can give others an idea of ​​what you like and what you’d like to do in the future. If you have a non-linear career, your past Do not discount because its not exactly the same as what you do now. You have to show people how it has shaped you and your approach, and how it makes you a more interesting candidate or employee. Watch what you do at work for a week, and notes that the things you enjoy doing and you prefer not to do. More than once, I felt like I missed out because I was so focused on what others might be interested in what I didnt give them more context who I am. Find a direct line between your experienceseither passed through the approach you’ve to your work, the impact that you have had, or what you have accomplished in these roles. Ask them to talk about things with you to check in with you in a few weeks to see if you have written a new bio, and read things when you need feedback. Based on your process, you can start with one piece, as your title, and the need to add details for a concrete description. Having a clear narrative around your work is one of the most powerful tools you have to demonstrate your expertise. For years, I am more comfortable rambling on about the details of the work I do now that I was talking myself. Trust that your big wins will result, even if you work in a different industry than the one you were in the past. The only time I’ve had to talk about that I have job interviews, and I havent a DONE those long. A well-designed bio is a powerful way for you to share who you are, and in a professional context, its what you do and why you are qualified to do. What was your role in the project? What has been the impact of this project? Name one thing that you are proud of that role or past role. Or a restaurant committed to teaching people about mezcal and food deep in Sinaloa ritual. It should focus on what the experiences have informed your approach. Not only that will be useful the next time a stranger asks, What are you doing? This is also a great starting point for updating how you present yourself, whether thats on your résumé, in locations on your site, or chat with your colleagues and potential employers. Your bio will change over time as your experience and change objectives. Depending on your range of experience, there are many things you can do. I do not even know where start.I’m so bad to think about what I’m trying to accomplish. Find examples showing that you can deliver


  • More coronavirus coverage from Fortune : These publicly traded companies took millions in PPP loan money How Home Depot and Lowes are preparing for their busy home improvement season during coronavirus uncertainty Which companies stocks will thrive after the coronavirus crash? Late payments soar, revealing extent of coronavirus pain on European companies 5 veteran investors on how to approach the coronavirus stock market Forget wet markets and bats: For scientists, failing environmental policies have created a boom time for outbreaks Is A.I

    More coronavirus coverage from Fortune : These publicly traded companies took millions in PPP loan money How Home Depot and Lowes are preparing for their busy home improvement season during coronavirus uncertainty Which companies stocks will thrive after the coronavirus crash? Late payments soar, revealing extent of coronavirus pain on European companies 5 veteran investors on how to approach the coronavirus stock market Forget wet markets and bats: For scientists, failing environmental policies have created a boom time for outbreaks Is A.I

    cover more coronavirus Fortune: The listed companies have millions in cash loan PPP How to Home Depot and Lowes are preparing for their home Improvement busy season during the uncertainty coronavirus actions that will thrive after the crash coronavirus? Late payments are soaring, revealing the extent of the pain coronavirus on European companies 5 seasoned investors on how to approach the stock market coronavirus Forget the wet markets and bats: For scientists, failing environmental policies have created a boom time of epidemics is AI the half-dozen candidates for vaccines which are farthest along are either Phase I or Phase II clinical trials, designed to assess whether a vaccine is safe and effective in the man. This effort is based on the technology developed cansino in the production of a vaccine for the Ebola virus. better diagnose diseases that doctors? Do not believe all the hype PODCAST: Covid 19 could have changed the concept of the best companies of the year VIDEO: 401 (k) withdrawal penalties waived for harm anyone by Covid 19 Subscribe to home, a turn daily newsletter horizon stories about pandemic coronavirus and its impact on world affairs. Inovio Pharmaceuticals began the first human trials of its vaccine in early April. The University of Oxford in the U.K. The Beijing Institute of Biotechnology has partnered with the Wuhan Institute of Biological Products for the third main candidate vaccine Chinas. The vaccine developed by cansino Organic Inc., headquartered in Tianjin and the Beijing Institute of Biotechnology is in Phase I and II. Three of the most promising vaccines are under development in China, the first country to face the virus Covid 19. concept A fourth promising vaccine by Moderna Inc., and the National Institute of Allergy and Infectious Diseases in the United States, was the first to be tested on humans in mid-March, earlier than expected. In addition to the six vaccines in human trials, WHO identified 77 others who are in the first, the preclinical evaluation stageseven more than the last time the agency has updated its list. The global medical community is racing with unprecedented speed and cooperation to develop a vaccine for Covid 19, which has so far infected 2.6 million worldwide, killing 183,000 and triggered ground loops that cause economic disasters . its phase I. Phase I in his way. and Phase IV. The World Health Organization on Thursday added three other candidates to its current list coronavirus vaccines in human trials, bringing the total to six. Moderna NIAID and were able to quickly develop the vaccine, currently in Phase I, because of previous work on other coronaviruses such as SARS respiratory syndrome and the Middle East, known as MERS. The clinical trial process includes three additional steps: Phase III


  • He said that many companies are having to be innovative about the way they try to collect payments

    He said that many companies are having to be innovative about the way they try to collect payments

    He said that many companies must be innovative on how they are trying to collect payments. The companies act in their own interest to conserve cash by delaying payments or withholding. This is according to data released today by Sidetrade, a software company based in Paris, which helps companies to customer engagement, cash management and bill collection. Spluttering cash flow can have a domino effect throughout the economy, with smaller businesses often the first to collapse. Other Collect payment tactics successfully may include changing the company uses methods to pursue unpaid bills, Sheldon said, and changing the channels of payment it will accept. The picture is even bleaker when looking at the total number of bills that are now 10 days or more due. Mark Sheldon, director of Sidetrades technology, said the sudden jump in unpaid bills is unprecedented and can not be easily compared to other recessions. Even in normal times, small businesses often have trouble collecting bills large companies, as the company uses mostly its market power to obtain small business grants. stave The amount of money that is more than 10 days overdue increased 56% in France, 52% in Spain, and a whopping 82% in Italy since the World Health Organization declared a pandemic on March 11. companies across Europe are struggling to collect an unprecedented mountain of unpaid bills as clients to withhold payments to conserve cash in the face of associated coronavirus locks that sent the global economy into a sudden deep freeze. This figure has soared by 70% across the continent with the largest increasea near doubling of unpaid billshappening in the UK, closely followed by France, which saw a 87% increase in payments delay. In the UK, up to one in five small businesses were in danger of failing in May and had trouble with the emergency access cash the government in time to avert this fate, according to a report by the Corporate Network Finance, a trade body for accounting firms and consultants business services small and medium enterprises. He created a tracker to track the invoice payment data for six European countries. B2B payment has always been a pain point for SMEs and it is compounded significantly by the crisis, said Sheldon. But by not making the timely payments for products already received or services rendered, these businesses are simply transmit pain to their suppliers and other vendors. Combined with the fact that no new business is generated in solitary confinement, the bill collection problems have a dual whammy for many companies. The company reviewed the data for some 28.5 million corporate bills to business, including more than 50 billion euros (54 billion dollars) and the participation of about 4 million businesses


  • PPP : The Senate passed a $484 billion fiscal package Tuesday, including an allocation of $310 billion in additional Paycheck Protection Program funding

    PPP : The Senate passed a $484 billion fiscal package Tuesday, including an allocation of $310 billion in additional Paycheck Protection Program funding

    PPP: The Senate passed a $ 484 billion tax package Tuesday, including an allocation of $ 310 billion in financing additional Paycheck Protection Program. Facebook had $ 19.1 billion; Alphabet had $ 18.5 billion). For Facebook, is also a very competitive opportunity for growth. lack Tuesday evening, Facebook revealed that it plans to pay $ 5.7 billion to acquire a nearly 10% of Jio platforms, an Indian ISP that has exploded in recent years. Sofi acquired 8 Securities, Hong Kong-based application of trading shares, marking the first fintechs to push US base in global markets (and second acquisition this month following its purchase of $ 1.2 billion provider of infrastructure FinTech, Galileo). (Amazon has $ 36.1 billion in cash and cash equivalents at the end of 2019 in the new non-crown. After the meteoric rise of commercial actions Robinhood applications like the United States, investors see the possibility of building similar functions outside the United


  • Diversity in a downturn

    Diversity in a downturn

    Diversity in a recession. Leaders say their criteria layoff is the function of employment and is colorblind, written Kavel. According to March data, the female unemployment rate increased by 0.9% while that of men ticked up 0.7%. Kavel has advice on how leaders can avoid slashing diversity as they try to cut costs. This slowdown, of course, is different than the previous, but the pointthat treatment of marginalized workers bellwetheris data can be one to keep in mind. And 2019 research Fortune and Great Place to Work partner explains why the stakes of such consideration are so highbeyond individual livelihoods. previous The S & P 500, for example, declined from 35.5% of equity performance in the period between 2007 and 2009, while companies whose key employee groups have very positive experiences reported a gain of 14.4%. Write to HBR, Alexandra Kalev, a sociology professor at Tel Aviv University, said that based on his research, executives Whos determined laid off according to each job or money and drained terms of race diversityin and genderfrom their teams Consequently. One factor is that women are over-represented in the types of jobs being positions of slashedservice industry in hospitality, travel, and retail, for example. As Elise Gould of the Economic Policy Institute told NPR last week, discrimination in the labor market has led a disproportionate share of women in jobs that may be subject to job loss. Sixty percent of the 700,000 jobs lost last month belonged to women. thats seen some 22 million lose their jobs in a period of four weeks was particularly brutal to women. They are less likely to be managers, who are more likely to keep their jobs in rounds of layoffs, she said