Pandemic

BAB, Inc. Reports Results for 2nd Quarter FY 2020

Friday, July 10, 2020 - 7:20pm

DEERFIELD, Ill., July 10, 2020 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB)announced its financial results for the second quarter ended May 31, 2020.

Key Points: 
  • DEERFIELD, Ill., July 10, 2020 (GLOBE NEWSWIRE) -- BAB, Inc. (OTCQB: BABB)announced its financial results for the second quarter ended May 31, 2020.
  • Royalty revenue, license fees and other income and marketing fund revenue all decreased for the second quarter 2020 because of the effect of the Coronavirus pandemic on franchisee sales.
  • The Coronavirus pandemic which occurred in the second quarter 2020 has affected the revenues and net income, creating lower revenues and a year to date loss.
  • Total operating expenses for the quarter ended May 31, 2020, were $423,000, versus $641,000 in 2019.

East Coast And Illinois Have Highest Concentratons Of Housing Markets Vulnerable To Coronavirus Impact

Friday, July 10, 2020 - 5:01am

The report reveals that a stretch of states running from Connecticut through Florida, plus Illinois, had 43 of the 50 counties most vulnerable to the economic impact of the pandemic.

Key Points: 
  • The report reveals that a stretch of states running from Connecticut through Florida, plus Illinois, had 43 of the 50 counties most vulnerable to the economic impact of the pandemic.
  • The only four western counties were in California, with none in other West Coast or southwestern states.
  • The East Coast pattern continued a trend identified in the first-quarter 2020 report, with variations from state to state.
  • The conclusions are drawn from an analysis of the most recent home affordability, home equity and foreclosure reports prepared by ATTOM.

MIT Sloan study shows potential long-term environmental effects from COVID-19

Friday, July 10, 2020 - 1:18am

In a recent study, MIT Sloan School of Management Prof. Christopher Knittel and Prof. Jing Li analyzed the short- and long-term effects, finding that the actual impact will depend on the policy response to the pandemic.

Key Points: 
  • In a recent study, MIT Sloan School of Management Prof. Christopher Knittel and Prof. Jing Li analyzed the short- and long-term effects, finding that the actual impact will depend on the policy response to the pandemic.
  • Second -- and more important but harder to answer -- what are the longer-term implications from the pandemic on those same variables?
  • The health impacts from the pandemic could stretch out for decades if not centuries depending on the policy response," says Knittel.
  • The MIT Sloan School of Management is where smart, independent leaders come together to solve problems, create new organizations, and improve the world.

VNSNY Welcomes Five Visionary Public Health And Financial Leaders To Its Esteemed Board Of Directors

Thursday, July 9, 2020 - 10:04pm

The new Members will join other notable New York leaders now serving alongside Andrew N. Schiff (Drew), M.D., Chairman of the Board.

Key Points: 
  • The new Members will join other notable New York leaders now serving alongside Andrew N. Schiff (Drew), M.D., Chairman of the Board.
  • "As we've demonstrated throughout the current COVID-19 pandemic, home health care is a critical part of today's rapidly evolving healthcare landscape.
  • "Change is ever constant, and I'm excited to be part of VNSNY as it moves forward," says Ms. Boykin-Towns.
  • She is a past President of the NYU Meyers Alumni Association Board of Directors, having served on the Board from 2010 to 2015.

Premise Data to work with USAID, NGOs to monitor humanitarian crisis in Venezuela

Thursday, July 9, 2020 - 7:51pm

Venezuela is currently the epicenter of the largest humanitarian crisis in Latin America, made worse by the COVID-19 pandemic.

Key Points: 
  • Venezuela is currently the epicenter of the largest humanitarian crisis in Latin America, made worse by the COVID-19 pandemic.
  • "Premise was chosen because with our powerful platform and global contributor network we are able to collect tens of thousands of data points in a matter of days," said Maury Blackman, CEO of Premise Data.
  • The data Premise will collect will in turn allow local non-governmental organizations to understand the critical health and social-services landscape in six of Venezuela's 23 states.
  • Thus far, Premise has collected more than 69 million data points from around the world related to the COVID-19 pandemic; data collection is ongoing .

BACK TO SCHOOL IN A PANDEMIC - New National Study Includes 50-City Review of School Systems 'Beating the Odds' for Black, Latino, and Low-Income Students

Thursday, July 9, 2020 - 6:45pm

The report, entitled"Resilience: Will Urban Schools that Beat the Odds Continue to Do So During the COVID-19 Pandemic?

Key Points: 
  • The report, entitled"Resilience: Will Urban Schools that Beat the Odds Continue to Do So During the COVID-19 Pandemic?
  • ", showcases specific urban school systems that are substantially out-performing statistical predictions based on their student populations.
  • "Even before this pandemic, too many students have faced long odds of success at school--especially African-American children.
  • When focusing on African-American students, Newark, Boston, and New Orleans have the highest share of students attending beat-the-odds schools.

Art's Way Manufacturing Announces Second Quarter And Year To Date Fiscal 2020 Financial Results

Thursday, July 9, 2020 - 6:00pm

Our second quarter sales in our agricultural products segment were $3,071,000 compared to $3,637,000 during the same period of fiscal 2019, a decrease of $566,000, or 15.6%.

Key Points: 
  • Our second quarter sales in our agricultural products segment were $3,071,000 compared to $3,637,000 during the same period of fiscal 2019, a decrease of $566,000, or 15.6%.
  • While sales in our agricultural products segment were up 13.1% at the end of our first quarter in fiscal 2020, our second quarter included new challenges, most of which were driven by the COVID-19 pandemic.
  • We saw decreased orders through the second quarter as restaurants across the nation were forced to close their doors in response to the pandemic.
  • By comparison, our first and second quarters of fiscal 2020 reflect many jobs under contract, which has driven the increases in sales.

Acosta Finds More Than a Third of Shoppers Are Worse Off Financially Than They Were Pre-COVID-19

Thursday, July 9, 2020 - 4:00pm

"As the pandemic stretches on, we see the toll it has taken on shoppers financially.

Key Points: 
  • "As the pandemic stretches on, we see the toll it has taken on shoppers financially.
  • Millennials have been hit the hardest, with 43% of shoppers worse off than they were before the outbreak," said Darian Pickett, CEO of Acosta.
  • The recession is adding stress for many shoppers, with 37% worse off financially than they were pre-pandemic including nine percent who are much worse off.
  • For 90 years, Acosta has led the industry in helping consumer packaged goods companies move products off shelves and into shoppers' baskets.

OPEC Secretary General: “No Objective Whatsoever” to Drive U.S. Shale Out of Business; Dealing with the “Double Whammy” of Demand and Supply Shocks to Oil Markets and the Need to Revisit Governance Structure of Energy, Climate Change and Geopolitics

Thursday, July 9, 2020 - 3:00pm

Without the U.S. shale probably, we could have entered into a worse crisis than we are seeing in this pandemic.

Key Points: 
  • Without the U.S. shale probably, we could have entered into a worse crisis than we are seeing in this pandemic.
  • The pandemic has proven beyond reasonable doubt the need to revisit the governance architecture of energy, climate change and possibly geopolitics, he says.
  • We had worked with this mechanism in the last four years with our partners in the non-OPEC [countries].
  • We are grateful to the U.S. and other leading producers around the world that rallied around, including the G-20.

Q Division Bringing Emerging Technology Expertise to Advanced Materials Pandemic Task Force

Thursday, July 9, 2020 - 3:00pm

"Q Division's domain expertise in commercializing emerging technology across various industries will be a critical contribution to helping build the AMPT global roadmap," said Dr. Zina Jarrahi Cinker, Director General at AMPT.

Key Points: 
  • "Q Division's domain expertise in commercializing emerging technology across various industries will be a critical contribution to helping build the AMPT global roadmap," said Dr. Zina Jarrahi Cinker, Director General at AMPT.
  • Since the COVID outbreak, Q Division has been tracking both the short- and long-term impacts that emerging technology will have across several industry verticals.
  • "Our participation in this global effort is vital in surfacing opportunities between retailers, brands, and those studying the properties of the advanced materials," said Ben Gauthier, Technology and Commerce Partner at Q Division.
  • "As a team, we will be able to more rapidly uncover applications of advanced technology in a new world post pandemic."