4 Burst results for "Sarah Crozier"

"sarah crozier" Discussed on TIME's Top Stories

TIME's Top Stories

06:13 min | 8 months ago

"sarah crozier" Discussed on TIME's Top Stories

"Brought to you by Shopify, start selling today. Small businesses need help again, but more stimulus could be risky. By Martha C white an unexpected jump in new jobless claims the week of January 15th, stretched up the kind of bad news that economists fretted had been lurking under the surface of an improving economic picture. The speedy spread of the omicron variant hobbled businesses, small and large alike, as mom and pop restaurants have been relegated to shutting their doors, big retailers, like Macy's have paired back their hours and hospitals and some hard hit counties have hit pause on elective procedures to conserve scarce human resources for COVID stricken patients. To be sure, such weekly fluctuations are what economists call noisy. And they caution about extrapolating too broadly from a single data snapshot. I'm not necessarily alarmed, can Kim, senior economist at KPMG LLP, set about the 286,000 seasonally adjusted initial claims for unemployment insurance, a jump of 55,000 over the previous week, and above Wall Street's expectations of 225,000. As has been typical with pandemic predictions, the looming question is one of duration. Certainly, if it continues to escalate in the weeks ahead, that might cause the need for some kind of action, Kim said. While not nearly as severe as the sweeping shutdown the country undertook nearly two years ago, the fast replicating omicron variant, which went from being unknown to the dominant strain in Europe, the UK and then the U.S. in an epidemiological I blink has given many Americans a wearied sense of deja vu, long lines for testing, frequent closures of day care and schools, debate over which masks and how many should be worn to achieve the greatest degree of protection against an invisible enemy. Unlike two years ago, when a bipartisan sense of urgency drove lawmakers to sign off on trillions of dollars in economic aid, families and enterprises, especially small businesses have largely had to fend for themselves this time around. Many small businesses are seeing the impact of reduced consumer confidence again as the surges rolled through, said Sarah Crozier, communications director for Main Street alliance, a small business advocacy group. Consumer behavior is changing, particularly during the winter time, she said, adding that in person service sector businesses like restaurants, gems, salons, and live entertainment venues are at the greatest financial risk, as people once again are avoiding gathering with strangers and indoor spaces. According to a new survey from the national federation of independent business, a small business trade group, more than one third of the small businesses that report staffing shortages as a result of omikron say that they have lost a moderate or significant amount of sales opportunities as a result. It certainly impacting revenue for many of them said Holly weighed executive director of the NFIB research center. Wade suggested that the rapid pace of the omicron surge could mean that small businesses see a light at the end of the tunnel soon, but she stressed that many are running on fumes after nearly two years of profound disruption. Hopefully this is a very short lived added stress, but a few months of added stress on top of what they've already experienced over the last two years is a challenge certainly, she said. The speed with which oma cron has torn through the U.S. also means lawmakers would likely be unable to coordinate any additional federal stimulus in time to make a difference, even if Washington weren't polarized into a state of inaction, said Mark zandi, chief economist at moody's analytics. It would be very difficult if not impossible for lawmakers to pass a piece of legislation providing support for small businesses quickly enough to make a difference, he said. Experts say the lack of an administrative infrastructure for the delivery of federal aid today is the direct result of how Congress responded back in 2020 and lawmakers inability to conceive of the pandemic as a social and economic inflection point rather than a short term emergency. Early in the crisis, we very much advocated for direct payroll subsidies, Crozier said, many of the European countries went that route. We did not. Instead, Congress implemented the payroll protection program and beefed up unemployment insurance benefits, while these programs kept millions of individuals and families solvent. They were less effective at preserving jobs and businesses, especially when it became clear that the pandemic was not going to be a crisis brought under control in weeks, or even months. The PPP was designed to incent businesses to hold on to their workers, and calling it very effective in the short term. We let the PPP expire, he said, I think that's the mistake we made. The differences in political approaches go beyond semantics, and he said, the labor market distortions the American economy has undergone over the past two years have contributed to the inflationary pressures currently bedeviling policymakers and American shoppers alike. One of the reasons why we have an inflation problem is people got laid off during the pandemic and didn't come back quickly, so businesses have had to offer very significant pay increases, he said. By comparison, countries like Germany and Japan didn't see jobs disappearing to nearly the same extent. They haven't had the same problems getting workers back to work, he said. And with price gains notching 40 year highs, policymakers have been reluctant to add more fuel to the inflationary fire, even as small business losses mount. If there are additional stimulative measures, KPMG's Kim said, it would.

Martha C white Sarah Crozier Main Street alliance Kim NFIB research center KPMG Macy oma cron national federation of indepen U.S. Mark zandi Europe Wade Holly UK Congress moody Crozier Washington PPP
"sarah crozier" Discussed on KCRW

KCRW

02:46 min | 2 years ago

"sarah crozier" Discussed on KCRW

"We don't know the exact amount it's categorized as between 2 to $5 million. Expensive private schools were on the list law firms, including what then represented President Trump and the reason we're learning about this now, sir breeze that the Treasury Department under pressure released data for who got the biggest loans? Yeah, I remember. A few weeks ago, We were talking about some big restaurant chains taking people's phones. I mean, are these revelations particularly surprising? Well, they're confirming some of the criticisms about the PPP program that money was flowing to bigger businesses than perhaps Congress intended. The issue is that the program was supposed to be for firms that didn't have other options for quickly raising cash to continue paying employees and staying in business. And we spoke with Sarah Crozier about this of the Main Street alliance, which is an advocacy group for small business to see that the most well banked businesses you know our best represented in getting that money and ultimately, maybe didn't need it as much as other businesses, particularly in the service industries. I can see where that outrage has been justified. And closures Group now wants Congress to target age, for example, geographically, perhaps to small businesses in infection hot spots where the aide maybe most needed All right, Nova. Thank you. At the end of this month, millions of unemployed Americans will get their last $600 a week. Federal pandemic unemployment check. That is unless Congress acts to extend the program. Marketplaces. Mitchell Hartmann has more Jody Soul L is 64 works for a solar energy installer in Maryland. He was furloughed in March and recently got called back for a very partial reopening. One Wake. I had 2.5 hours another week, two hours. He is still getting $880 a week on unemployment that includes 600 in federal pandemic benefits. What will his family do if that runs out at the end of July? I haven't even thought about that. That's why they make credit Cone. Financial advisory firm. The ascent has surveyed unemployed workers and research analyst Dan Albright says almost 2/3 and go less than three months. Without the extra $600 they would borrow more money and take more drastic cuts in their expenses. A recent survey by the Urban Institute finds more than four in 10 American households have suffered job or income lost during the pandemic. I'm Mitchell Hartmann for marketplace. Let's take a look at the numbers this morning, The Dow Jones industrial average is down 221 points. That is 8/10 of a percent. The S and P 500 is down 3/10 of a percent. The NASDAQ is up 3/10 of a percent..

Mitchell Hartmann Congress Sarah Crozier Trump Treasury Department closures Group President Main Street alliance Urban Institute Maryland Nova Dan Albright research analyst
"sarah crozier" Discussed on KQED Radio

KQED Radio

02:46 min | 2 years ago

"sarah crozier" Discussed on KQED Radio

"We don't know the exact amount it's categorized as between 2 to $5 million. Expensive private schools were on the list law firms, including what then represented President Trump and the reason we're learning about this now, sir breeze that the Treasury Department under pressure released data for who got the biggest loans? Yeah, I remember. A few weeks ago, We were talking about some big restaurant chains taking people's phones. I mean, are these revelations particularly surprising? While they're confirming some of the criticisms about the PPP program that money was flowing to bigger businesses than perhaps Congress intended? The issue is that the program was supposed to be for firms that didn't have other options for quickly raising cash to continue paying employees and staying in business. And we spoke with Sarah Crozier about this of the Main Street alliance, which is an advocacy group for small business to see that the most well banked businesses you know our best represented in getting that money and ultimately, maybe didn't need it as much as other businesses, particularly in the service industries. I can see where that outrage has been justified. And closures groups now wants Congress to target age, for example, geographically, perhaps to small businesses in infection hot spots where the aide maybe most needed All right? No, thank you. At the end of this month, millions of unemployed Americans will get their last $600 a week. Federal pandemic unemployment check. That is unless Congress acts to extend the program. Marketplaces. Mitchell Hartmann has more. Jody Sel L is 64 works for a solar energy installer in Maryland. He was furloughed in March and recently got called back for a very partial reopening. One Wake. I had 2.5 hours about a week, two hours. He is still getting $880 a week on unemployment that includes 600 in federal pandemic benefits. What will his family do if that runs out at the end of July? I haven't even thought about that. That's why they make credit cones. Financial advisory firm. The ascent has surveyed unemployed workers and research analyst Dan Albright says almost 2/3 go less than three months. Without the extra $600 they would borrow more money and take more drastic cuts in their expenses. A recent survey by the Urban Institute Finds more than four in 10 American households have suffered job or income lost during the pandemic. Mitral Heart mint for marketplace Let's take a look at the numbers this morning, The Dow Jones industrial average is down 221 points. That is 8/10 of a percent. B S and P 500 is down 3/10 of a percent of the NASDAQ is up 3/10 of a percent..

Congress Mitchell Hartmann Sarah Crozier Jody Sel Urban Institute Trump Treasury Department President Main Street alliance Maryland Dan Albright research analyst
"sarah crozier" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:48 min | 2 years ago

"sarah crozier" Discussed on WNYC 93.9 FM

"We don't know the exact amount it's categorized as between 2 to $5 million. Expensive private schools were on the list law firms, including what then represented President Trump and the reason we're learning about this now, sir breeze that the Treasury Department under pressure released data for who got the biggest loans? Yeah, I remember. A few weeks ago, We were talking about some big restaurant chains taking people's phones. I mean, are these revelations particularly surprising? Well, they're confirming some of the criticisms about the PPP program that money was flowing to bigger businesses than perhaps Congress intended. The issue is that the program was supposed to be for firms that didn't have other options for quickly raising cash to continue paying employees and staying in business. And we spoke with Sarah Crozier about this of the Main Street alliance, which is an advocacy group for small business to see that the most well banked businesses you know our best represented in getting that money and ultimately, maybe didn't need it as much as other businesses, particularly in the service industries. I can see where that outrage has been justified. And closures Group now wants Congress to target age, for example, geographically, perhaps to small businesses in infection hot spots where the aide maybe most needed Nova. Thanks. At the end of this month, millions of unemployed Americans will get their last $600 a week. Federal pandemic unemployment check. That is unless Congress acts to extend the program marketplaces, Mitchell Hartman reports. Jody Soul. L is 64 works for a solar energy installer in Maryland. He was furloughed in March and recently got called back for a very partial reopening on Wake. I had 2.5 hours another week, two hours. He is still getting $880 a week on unemployment that includes 600 in federal pandemic benefits. What will his family do if that runs out at the end of July? I haven't even sold about that. That's why they make credit cones financial advisory firm The ascent has surveyed unemployed workers and research analyst Dan Albright says almost 2/3 could go less than three months without the extra $600. They would borrow more money and take more drastic cuts in their expenses. A recent survey by the Urban Institute finds more than four in 10 American households have suffered job or income lost during the pandemic. Mitchell Hartmann for Marketplace Let's take a look at the numbers. The footsie in London is down 1.6%. Dowels and P and NASDAQ futures are down in the 3/10 to 1% range with a dark future down. 251 points..

Congress Jody Soul Mitchell Hartmann Sarah Crozier Mitchell Hartman closures Group Trump Treasury Department President Main Street alliance Urban Institute Maryland London Dan Albright research analyst