On September 11, the U.S. Department of Labor (“DOL”) promulgated revisions and clarifications to its April 1 regulations interpreting the Families First Coronavirus Response Act (“FFCRA”).  That Act, applicable to most employers with under 500 employees, provides paid sick leave of up to 80 hours and two weeks of unpaid time off followed by 10 weeks at partial pay to workers who can’t work because their child’s school or daycare provider has closed.  The DOL stated that the changes...

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1/ Introduction, Management summary: Unfortunately, as we understand now, COVID-19 will not go away in a matter of weeks or months. Even with a vaccine, scientists have doubts about a prompt turnaround of the situation we are in. It is to be considered as a major disruption on top of others, as the world trade rebalancing with the ongoing trade wars, global warming concerns, and the geopolitical instability that will contribute to profound structural evolutions of our economies for the...

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New Normal Under Construction (Life after COVID) Research is a study that aims to support anyone, especially leaders, to balance reflection and action for decision making in the present, with eyes on the possible futures. For businesses, governments, and society, it has become clear that it is crucial to keep ourselves on our feet to develop anticipatory innovation and antifragility skills. This research dives into the uncertainties of today and the decade to understand how to tackle them best...

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With the help of our members, we are creating a Thought-Leadership series on the impact of COVID-19 on Labor & Employment from the perspective of both sides of the Atlantic. Today, we present Jessica X. Rothenberg, Associate at Troutman Pepper LLP in New York, and Tabita Costantino, Associate at Portolano Cavallo in Milan, Italy, who will address “The Effect of COVID-19 on Employee Benefits: Considerations in Italy and the United States.”  | The United States and Italy have both been, and continue to...

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An analysis of countries outside the European Union. DOWNLOAD the full index here: The EIB COVID-19 Economic Vulnerability Index - An analysis of countries outside the European Union | There is a lot that we do not yet know about the health effects of COVID-19. We do not know how the virus is spreading, or why it is causing a high death toll in some countries and a lower one in others. We do not know when we will find...

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Key insights Develop a financial plan so you can evaluate strategies, consider creative alternatives, work through different scenarios, and collaborate with your team. Reimagine your business and forge a new path forward in how you serve your customers. Utilize dynamic modeling to understand the financial impact of business decisions — and so you can adjust accordingly. Identify leading indicators and forecast stimulus packages and tax credits. As you set your sights on 2021, it’s probably hard to imagine how to...

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