We gotta pray for the peace of America!!
Forbes Newsletters | They're not wearing masks. The kids are in school. And China's economy will grow by more than 3% this year, estimates Barclays Capital. Stimulus is the name of the game. The strong rebound in China is due in large part to infrastructure spending and rising property investment.
A federal crackdown on Portland protesters has now sparked condemnation by both local and national officials, a lawsuit by the state and revived the city's protests.
Negotiations for the next stimulus bill, which will likely include another stimulus check, are set to start "in earnest" this week, said White House Chief of Staff Mark Meadows. It could be the last major push in federal funding to an American economy rocked by the coronavirus.
Workplace diversity and inclusion enhance innovation, engagement and decision-making. Their benefits have been widely examined in terms of race and gender, but it's essential that employers remember the importance of age diversity.
Can you get coronavirus twice? Here is the latest update on reinfection.
Top NFL players—including Patrick Mahomes, JJ Watt and Russell Wilson—launched an apparent coordinated social attack warning the season is in jeopardy and demand the league do more to combat coronavirus. Almost all have the hashtag #WeWantToPlay. | | | | | |
| Accounting is the bane of small business, a tedious task made worse by its costly expense. Kurt Rathmann's startup had a magic fix: AI-powered tools. For a fraction of the cost, ScaleFactor promised to take care of bookkeeping, bills and taxes. If customers had doubts, they were reassured by the $100 million invested by big-name VC shops.
But instead of software, dozens of accountants did most of it manually from ScaleFactor's Austin headquarters or from an outsourcing office in the Philippines, according to former employees. Some customers say they received books filled with errors.
None of this was known last month when Rathmann announced that ScaleFactor was closing. The CEO blamed the Covid-19 pandemic for almost halving ScaleFactor's $7 million in annual recurring revenue as demand from small businesses crumbled.
Though the pandemic may have been a death knell, ScaleFactor was on rocky ground long before, finds staff writer David Jeans. According to interviews, ScaleFactor used aggressive sales tactics and prioritized chasing capital instead of building software that ultimately fell far short of what it promised. When customers fled, executives tried to obscure the real damage.
"If you're one of the investors that gave these clowns $100 million...You should know they've flushed it down the toilet with poor product and poor service," says one customer. "Covid-19 is just a convenient scapegoat." | | | | | |
| Forbes Advisor: As a parent, you want to help your kids learn good money habits. Opening a children's savings account can be a great first step toward learning financial responsibility. | | | | | |
| | VIDEO: ENERGY | | The Complicated Future Of Pipelines And The Energy Sector | | | Between federal rulings, protestors and falling oil and gas prices, pipelines are less profitable than they once were. This has opened the door for funding and research into making renewable energy a viable option for the future of the country's energy consumption. | | | | | | | | | | |
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