Beating COVID-19: Tips for Your Insurance, Finances, and Business - June 5, 2020

June 05, 2020
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News. Insights. Analysis. Inspiration.

 

Today's Key Question:

A report form the recent S & P Global Insurance Conference features a discussion of government bailouts of large corporations. Apparently, "too big to fail" is back. See the article below from Think Advisor.

Do you think that policy is good for the country?

 

 

"'For my sanity, 10 people is max': Small business owners make changes for public health as they reopen"

From USA Today:

* As small business owners throughout the nation look to reopen after being shuttered for two months because of the coronavirus pandemic, some say they are weighing public health with economic need.

  

"Kiddie pools are the new Instagram status symbol and are being resold on eBay for over 300% their original value"

From Business Insider:

* Since you can't stay 6 feet away from the heat, people are embracing a new, socially distant way to cool off as summer approaches: inflatable and aboveground pools.

  

"How to Offer Next-Level Customer Service on a Budget"

From Inc:

* You could call it customer bonding as much as customer service. Brooklyn-based shoe company Atoms includes a prepaid return label and a nifty collapsible box for returns with each order. Bloomscape, a Detroit-based plant-delivery service, sends a beautifully designed care card with every order. The kicker, though, is 24/7 access to Plant Mom, a six-person team of plant-care experts who can talk you and your orchid through a crisis. "You can Google pretty much anything," says founder Justin Mast. "It's finding it in a way that's personalized to you and feels human that's the hard part."

  

"We Now Have Socialism, for Amazon: S&P Conference Speakers"

From Think Advisor:

* Scott Minerd, the global chief investment officer at Guggenheim Partners, and Peter Gailliot, the chief investment officer for the financial institutions group at BlackRock Inc., said they worry that the Federal Reserve Board and the U.S. Treasury Department are encouraging big companies to take too much risk, and investors  to overlook big companies’ weaknesses, by being too quick to buy struggling companies’ bonds and commercial paper.

‘Too Big to Fail’ Returns

Some of the companies getting help may simply have problems related to the pandemic, but others had taken on too much debt before the pandemic started, and they have contributed to their own problems, Minerd said.

 

"The Real Looters are the Politicians"

From The American Institute for Economic research:

* Most of the media coverage, reciting the official narrative that shutdowns were vital and justified, has ignored the human carnage of the COVID shutdowns. Almost 40% of households earning less than $40,000 per year have someone who lost their job in recent months, according to the Federal Reserve. Politicians destroyed much of the economy in the name of “risk reduction.” Unprecedented restrictions on personal and economic freedom were justified in part by federal Centers for Disease Control fatality forecasts that turned out to be wildly exaggerated

 

 

Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here