Member News

EU Finance Ministers welcome rapid EIB response to COVID-19 crisis

• EIB highlighted as key to mitigating economic and social impact of COVID • President Hoyer confirms COVID response and climate action priorities for year ahead • Slovakian Finance Minister Eduard Heger to be new chair of EIB Board of Governors European finance ministers today welcomed the European Investment Bank’s EUR 240 billion rapid response to mitigate the impact of the COVID-19 crisis across Europe and around the world. EIB COVID-19 response strengthening business resilience, research and public health At the Annual Meeting of...

Read more

Member News

Working From Home and Successfully Managing through a Pandemic (Especially with a Long Distance HO)

June 10, 2020 | By Len Adams CPC, CTS  CEO ACG Resources/Adams Consulting Group, LLC In March, the entire world was turned upside down due to the Covid19 crisis. As it relates to the workforce, companies were in turmoil as shelter in place polices were implemented in most cities and states. Employers that had not previously adopted a WFH policy needed to scramble to set up the proper technology, policies, etc. This may have been especially true for companies in...

Read more

Chapter News

OECD Economic Outlook, June 2020

June 10, 2020 | The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances. Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment of the macroeconomic situation, a series of notes on the macroeconomic and structural policy issues related to the COVID-19...

Read more

Trade & TTIP Related

GDLSK Upadate: USTR Announces Additional Exclusions Granted on SEC. 301 List 4 Products

On June 9, 2020, the U.S. Trade Representative (“USTR”) announced that an additional 34 items will be excluded from the Section 301 trade remedies imposed on Chinese-origin products.   The newly announced exclusions all relate to items on China 301 List 4A (which is part of the $300 billion trade action) which, unless excluded, are currently subject to an additional tariff of 7.5% ad valorem.  The list of newly-excluded items (which supplements the exclusions previously granted by the USTR) is...

Read more

Chapter News

Federal Reserve Board expands its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support

June 08, 2020 | The Federal Reserve Board on Monday expanded its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support. The Board lowered the minimum loan amount, raised the maximum loan limit, adjusted the principal repayment schedule to begin after two years, and extended the term to five years, providing borrowers with greater flexibility in repaying the loans. The Board expects the Main Street program to be open for lender registration...

Read more

Member News

Senators Introduce Bipartisan Cybersecurity Bill to Regulate Contact Tracing Apps Amid the COVID-19 Pandemic

June 08, 2020 | There is no shortage of legislation to address the coronavirus (“COVID-19”) pandemic and the emerging contact tracing applications. In late April 2020, Republican senators introduced a bill called the COVID-19 Consumer Data Protection Act that aims to provide consumers more transparency, choice, and control over information collected in connection with COVID-19. Then, in May, Democrats introduced the Public Health Emergency Privacy Act to protect personal information collected in connection with COVID-19. Now, as of June 1, a bipartisan bill—the Exposure...

Read more

Chapter News

International use of the euro broadly stable in 2019

June 09, 2020 | • Euro remains unchallenged as second most used currency globally after the US dollar • Role of euro stable as global reserve currency • International role declined after the global financial crisis, now bottomed out • Euro used as main currency of denomination globally for green bond issuance The euro’s international role remained overall stable in 2019. This was one of the principal findings in the latest annual report on The international role of the euro, published today by the European...

Read more

Chapter News, New York Related News

Survey: How is COVID-19 impacting your community?

The Federal Reserve wants to hear from you. Now, more than ever, we need to elevate community voices to inform meaningful actions. We want to hear from you and learn how the pandemic is affecting your community. In April, the Federal Reserve System conducted a survey to better understand the range of challenges facing under-resourced and low-income communities as an effect of COVID-19. The findings are available in Perspectives from Main Street: The Impact of COVID-19 on Communities and the Entities...

Read more

Member News

Littler: Bouncing Back – A List of Statewide Return to Work Protocols

Updated July 13 | Government officials across the country are easing up, or preparing to ease up, on the stringent business closures and stay at home orders that helped the nation successfully slow the spread of COVID-19. Each jurisdiction will emerge from this collective state of suspended animation by implementing different measures, and on different timetables. In many instances, businesses can expect two types of guidance from their governors and public health officials: (1) overarching framework materials, setting forth various phases of the...

Read more

Chapter News

EACCNY #COVID19 Impact Stories from Our Members – Mach Media

Together with our members we are creating a Video series of first-hand accounts of the Pandemic’s impact, both personally & professionally. We invite you to join us today for a first-hand look at the impact of the global shutdown following the Coronavirus (COVID-19) outbreak – Today we are featuring Cameron Heffernan, Director of North America, Mach Media a EACCNY member. The questions we asked our members for this series are: 1) What are some challenges you, personally and your organization have faced? 2)...

Read more