Month: October 2020

ECR survey results Q2 2020: Covid-19 crisis increases the economic and political risks for US, Japan, Europe and EMs

The shock resulting from the lockdown measures taken to stop the spread of coronavirus is once again dominating the global risk picture, causing analysts to downgrade key economic factors in second quarter of 2020 and reassess the fiscal implications of the extraordinary state support provided in conjunction with liquidity injections from central banks.

Two factors in particular are affected: the economic outlook-GNP variable, which is downgraded in 127 of the 174 countries since the previous survey was undertaken in Q1 2020, and the employment/unemployment indicator, marked down in 118.

In total 79 countries have seen their total risk scores downgraded since Q1, with sharp falls occurring once again for Argentina and Lebanon, reflecting their ongoing debt-servicing problems, as well as Iran, Iraq, Libya, Syria, and Yemen, which were all high-risk options to begin with.

Czech Republic, Mexico and Sri Lanka are also notable among countries with higher risk profiles, along with a great many sovereign borrowers across sub-Saharan Africa with commodity exposures, tightened access to finance, domestic political problems and a rising tide of foreign debt.

The United States continues to descend into populist turmoil with Donald Trump, seemingly aware of his declining popularity, targeting his base through xenophobic appeals both foreign and domestic 

 – Dan Graeber, GERM Report

It has been a torrid time too for emerging and

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In the COVID-19 Era, Employee Benefits Are Placing More Emphasis on Childcare, Mental Health


When it comes to employee wellness in the age of coronavirus, employees are placing more emphasis on childcare, mental health, and maintaining a strong connection to employees, according to the “Well-Being Index,” a quarterly survey from the Principal Financial Group. The survey of 500 business leaders who provide employee benefits was released this morning. (October 6, 2020)

“COVID-19 has fundamentally reshaped the benefits landscape,” says Kara Hoogensen, senior vice president of U.S. Insurance Solutions for Principal. “Employees and employers alike are recognizing the need for coverage that protects the health and well-being of both individuals and their families. This has brought new meaning to benefits that may have previously fallen lower on an employee’s priority list, such as income protection, life insurance, and mental health programs.”


40% | Percentage of companies surveyed that allow employees to use their sick leave and/or vacation days for childcare needs.

38% | Percentage of companies that allow employees flexible work hours without reducing pay for working parents.

47% | Percentage of employers who say employees seem stressed or overwhelmed due to increased or more demanding workloads.

48% | Percentage or employers who say they’ve seen an increase in the utilization of mental health employee benefits or have had more questions about available mental health resources.

37% | Percentage of businesses that are allowing more

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Learn to Get the Most Out of Adobe Photoshop and Creative Cloud for Less Than $50

Take design matters into your own hands.

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2 min read

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.


Marketing in 2020 is all about great design. The world is so saturated with advertisements, it’s difficult for small businesses to cut through the noise to reach the right audiences. That’s why great design is so essential. But it can also be expensive. Designers are talented people and their services certainly don’t come cheap.

If you can, a more budget-friendly option would be learning some graphic design skills yourself. The first step will be equipping yourself with the right tools, and Adobe Creative Cloud is best in class. Right now, you can take a deep dive into the Adobe Creative Cloud for less than $50 in The All-Inclusive 2020 Adobe CC Essentials Course Bundle.

This 15-course, 316-lesson training can help you demystify the key tools available in Adobe CC, so you can do everything from create dynamic social ads to build entire landing pages. Each course in this bundle is built to elevate absolute

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When You Say There’s a Limited Pool of Black Talent, Here’s What You’re Revealing About Yourself


6 min read

Opinions expressed by Entrepreneur contributors are their own.


A few weeks ago, Charlie Scharf joined a list of executives who have revealed made it clear to their companies — and the public — that they have more work to do on their diversity and inclusion journey. The Wells Fargo CEO shared his views on the lack of representation at the bank, citing that there was “a very limited pool of Black talent to recruit from.” Scharf later issued an apology after swift media backlash, stating that it was “an insensitive comment reflecting my own unconscious bias.”  

Scharf is not the only executive to believe this to be true. “There just aren’t enough Black candidates.” “It’s not our organization’s issue, it’s clearly a pipeline issue.” “Look, I’m all for diverse talent, as long as they are good.” The underlying assumption being that we lower the bar for diverse talent, because they aren’t enough talented Black and Brown people in the marketplace.

When you say there’s a limited pool of Black talent, here’s what you are revealing about yourself as a leader: You don’t really know many Black leaders. In fact, maybe you don’t know any Black leaders at all.

How do you show leaders and organizations that Black and Brown talent is everywhere?

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10 Ways to Make Money During the Pandemic


8 min read

Opinions expressed by Entrepreneur contributors are their own.


Let’s not sugarcoat this: the past few months have been devastating. Even if you haven’t personally experienced a tragic loss of a loved one or your businesses, the economy right now has still probably impacted your finances.

As a consequence, you may be scrambling to find new sources of income. If you are looking for sources of income to hold you over until things pick up, you’re in luck. There are plenty of ways to make money during this current pandemic.

If you’re one of the lucky ones who came out of this unscathed, you could use the extra money to pay down your debt or place a little into an emergency savings account.

1. Capitalize on businesses boosted by the current climate.

During the early days of the pandemic, savvy business owners adapted and pivoted to meet new customer demands. Examples would be breweries and distilleries selling hand sanitizer or clothing manufacturers producing masks.

Unfortunately, the ship might have sailed on some of these new business ventures. Case in point: There are many distilleries now stuck with an inventory of unsold sanitizer. And, the mask market has become fiercely competitive.

However, there are still in-demand businesses that you could launch. These include:

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New York City Agencies Launch a ‘Comprehensive’ Small Business Resource Network | 2020

Yesterday (September 30, 2020) the NYC Small Business Resource Network was launched as “a comprehensive approach” to strengthening New York City’s economy and accelerating the recovery of small businesses in response to the crisis facing many of the city’s small businesses in the wake of COVID-19.


For more information or to sign up,
visit the NYC Small Business Resource Network


The launch of the public-private partnership is funded by a $2.8 million grant from the New York City-based Peter G. Peterson Foundation and supported by in-kind contributions from other partners.

Also participating are the New York City Economic Development Corporation (NYCEDC) in collaboration with New York City Department of Small Business Services, and the Chambers of Commerce of

Many of the city’s corporate, financial, and professional services sectors are participating, as well as universities, philanthropies and volunteers who are participating in a range of programs and services.

New York City Small Business

Statistics provided by the NYC Small Business Resource Network 

1.3 million | Number of people employed by the city’s small businesses

236,000 | Number of small businesses with fewer than 100 employees

90% | Percentage of the city’s small businesses that have fewer than 20 employees        

New York City has the highest proportion of minority-owned businesses of any major U.S. city. ·               

As of last

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