In California, small clinics and physician-owned practices are being consolidated into larger healthcare systems. Because this creates a monopoly on healthcare in a given area, prices soar. CA’s attorney general wants the power to halt these mergers in their tracks. https://www.latimes.com/business/story/2020-06-01/california-seeks-more-power-to-fight-healthcare-mergers
Are your interview questions breaking the law?
Legislative and regulatory initiatives restrict what employers can ask job applicants, and many employers are not aware that they can be subject to penalties for asking questions about criminal records, salary history and credit history. Read source article here>> https://www.pizzamarketplace.com/articles/are-your-interview-questions-breaking-the-law/
Former Ghibli Official Says Studio Broke Labor Laws in the Past
“Serving tea and coffee...mandatory for all female employees”: Ghibli Studios revealed as workplace of gender discrimination, disregarded labor laws, and unfair working conditions.
In-N-Out Sues its Business Interruption Insurance Provider
Business interruption insurance has become a major issue of disputes as COVID-19 caused nationwide lockdowns. Restaurateurs such as Thomas Keller and Legal Sea Foods have sued over service denials. https://www.restaurantdive.com/news/in-n-out-sues-insurer-for-business-interruption-coverage/579004/
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Legally Sound | Smart Business covers the top business stories with a legal twist. Hosted by attorneys Nasir N. Pasha and Matt Staub of Pasha Law, Legally Sound | Smart Business is a podcast geared towards small business owners. Check it out here >> https://www.pashalaw.com/legally-sound-smart-business/
Insider Trading or Market Manipulation?
Moderna’s press release on coronavirus vaccine development might have been premature and scientifically irresponsible, but it certainly helped their share prices. https://www.cnn.com/2020/06/01/business/moderna-vaccine-stock-sales-invs/index.html
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Senate to Take Up House PPP Forgiveness Bill
Senate Majority Leader McConnell anticipates Senate will soon pass House bill to loosen restrictions on PPP loan money. The bill extends to 24 weeks the time small businesses owners have to spend the funds, and allows them to choose how best to spend more of it.
Microsoft lays off journalists to replace them with AI
In the midst of lost advertising revenue, Microsoft replaces dozens of employees with content-curating AI. They even say they’re encouraging journalists and publishers to move away from using human editors, too.
Where Retailers Failed to Seek Insurance Coverage for COVID-19 Losses, Ironically May Be Covered by Riots
Riots, civil unrest, and looting unlike plagues and pandemics are not typical exclusions for property insurance or business interruption insurance. Though property damage is not the main news story (and probably shouldn't be), for a business retail owner, a raid on a store and curfews couldn't come at a worse time. Possible insurance coverage is merely a silver lining.
Hearing concerns from struggling small business owners, House votes to let PPP recipients use more of their loan money as they deem necessary. Additionally, owners can have up to 6 months to use funds, and rehire deadline is now December 31st. Check it out here >> https://www.wsj.com/articles/community-lenders-to-get-10-billion-of-ppp-small-business-loans-11590678108
1 in 4 American workers have filed for unemployment benefits during the pandemic
With unemployment claims in decline, and the economy slowly reopening, economists and workers are hopeful that an economic surge is on the horizon. But with each state and industry reopening at different rates, and employers unable to match unemployment payouts, progress could be slow and staggered.
Texas bar owner bans customers with masks
Do mask-banning policies violate any ADA laws for those that are concerned about contracting COVID-19? Probably.