Economic crisis due to COVID-19 sparks helpful fears

Peter Dunn, Special to USA TODAY
Published 6:45 p.m. ET Sept. 13, 2020 | Updated 7:27 p.m. ET Sept. 13, 2020

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Many U.S. airlines are overstaffed due to reduced flying schedules and low demand for air travel amid the coronavirus pandemic.

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Dear Pete,

Other than the stock market and the occasional reemployment surge, it doesn’t feel like our economy is heading in the right direction. I’ve been through a recession or two, and this one seems as bad, if not worse than all of the other ones. Is it possible we’re looking at years, as opposed to months, to get this thing back on track? I don’t think the stock market and its swift recovery is telling the real story.  

Kris, Philadelphia 

Peter Dunn: With so many elements of American life heading in the wrong direction, it’s challenging to know what is heading in the right direction.

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Airtable to add jobs in Austin after raising $185M



a drawing of a cartoon character: San Francisco-based software maker Airtable has raised $185 million for growth that includes expanding its Austin office by adding 100 workers. [CONTRIBUTED]


© Provided by Austin American-Statesman
San Francisco-based software maker Airtable has raised $185 million for growth that includes expanding its Austin office by adding 100 workers. [CONTRIBUTED]

Software maker Airtable says it plans to expand its Austin presence after raising $185 million for growth.

Founded in 2012, the San Francisco-based company offers a cloud collaboration service that lets customers build their own custom apps and workflows with no coding required.

Over the next year, Airtable plans to add 100 employees to its Austin office, which currently has 30 workers. The company has a total workforce of 300 employees.

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Airtable opened a customer engagement center in Austin in April. As part of the expansion, the company hired Brian Hagen as the office’s general manager.

Hagen previously led sales teams at Nextdoor, Twitter and Google. Most recently he led the sales team at Austin consumer app developer Dosh.

Airtable considered

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Average Credit Card Interest Rate for September 2020

19.49%

The median rate of interest across all credit cards in the Investopedia card database for September 2020.

The median credit card interest rate for all credit cards in the Investopedia database currently stands at 19.49%, based on average advertised rates across several hundred of the most popular card offers in the market. Investopedia’s average rate data differs markedly from the overall credit card rate average tracked by the Federal Reserve (the Fed), which was most recently estimated at 14.52% for June 2020, due to the fact that the Fed samples a limited number of banks and only considers the low end of the interest rate range advertised by card issuers. Given that the average FICO credit score in the U.S. is 703 according to Experian , Investopedia believes it is more accurate to track the median midpoint value of advertised rate ranges as a 703

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Best Auto Insurance for Seniors for 2020 Compared by State

Paying for auto insurance is almost always a balancing act between getting the coverage you need and the best deal possible. As you age, this remains true. In fact, in some cases, you might end up paying higher insurance premiums.

Finding the best auto insurance for seniors is about comparing costs and taking steps to reduce your costs. If you’re looking for the best companies, here are some places to start.

Compare Car Insurance Plans for Seniors

Best Auto Insurance for Seniors

Some of the best insurance companies out there include the following three insurers, who can provide you with decent coverage at a reasonable price.

1. The Hartford

With excellent ratings and a number of discounts, The Hartford can be a good choice — if you live in one of the 41 states (and the District of Columbia) where it’s available. One of the nice benefits of The Hartford

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Farm Bureau Insurance pursuing culture of innovation by launching startups

(IBJ file photo)

Indianapolis-based Indiana Farm Bureau Insurance Co. has joined a growing number of large, established companies embracing innovation by launching independent startup companies.

Diesel-engine maker Cummins and security-products maker Allegion Plc, which has its North American headquarters in Carmel, are among them.

And now Farm Bureau Insurance has launched its first startup—Peril Protect—with plans to develop more.

That might seem like an unusual move for a traditional insurance company like Farm Bureau, which was founded in 1934 and sells home, auto, life, farm and crop, business and renters insurance statewide, as well as financial products.

But the goal is to inspire creativity and entrepreneurship among employees who have ideas for products and services that can complement the larger company.

Hayes

“We’re really trying to get at new and innovative ideas within our company. It’s something we’re very in tune with,” said Jo Lee Hayes, the company’s executive director

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Chinese investment in Australia plummets 47% in a year as diplomatic tensions rise



Photograph: Frederic J Brown/AFP/Getty Images


© Provided by The Guardian
Photograph: Frederic J Brown/AFP/Getty Images

Chinese investment in Australia has plunged almost 50% in a year, a new analysis has found, as souring relations between Canberra and Beijing contribute to a rapid fall in investor confidence.

Australian National University researchers found Chinese investment in Australia had fallen for the third consecutive year, dropping from $4.8bn to $2.5bn between 2018 and 2019.

Related: China has wine in its firing line – will Scott Morrison bail out Australian producers? | Richard McGregor

In the peak year of 2016, Chinese investors spent $15.8bn in Australia. Last year’s figure was propped up by the $1.5bn spent purchasing Tasmanian baby formula processor Bellamy’s.

ANU’s Prof Peter Drysdale, who leads the Chinese investment in Australia (Chiia) database, a unique resource collating how much and where money is being spent, said Australia was experiencing much sharper falls in investment than the global

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Stamford nonprofit SilverSource aims high with new board chairman

Serendipity is the byword at SilverSource, the Stamford nonprofit that for the last 100-plus years has served the needs of area senior citizens. Not only was it in search of a new board chair, but its selection, Thomas Getreuer, had recently retired from his career as a dentist.

“Retirement was in the works for me for the last five years,” Getreuer told the Business Journal. “It was a complete coincidence that the board approached me with the idea and that it just fit into my plans.”

Getreuer

While Getreuer has served on the SilverSource board since 2013, and also chairs the Stamford Health Commission, he said he had “not at all” been aware of the nonprofit when a fellow dentist introduced him to it several years ago.

“It’s very much a situation where, if you like what they’re doing, you can’t help but get sucked into it,” he chuckled.

SilverSource

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Index fund basics for investors

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John Bogle, who founded the Vanguard Group in 1974 and later was dubbed the “father of index investing,” has died at 89.

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Too chicken to buy Apple stock? Can’t come up with $3,100 for one share of Amazon? Eyeing other highfliers like Facebook or Netflix, too? Well, there’s an easy, cheaper, and less-risky way to buy all these leading stocks in a single investment.

It’s called an index fund.

They aren’t sexy. They’re not run by fund managers you see on TV talking about the stocks they think will double – or ones they think will crumble. Index funds are diversified mutual funds whose holdings mirror a broad stock index, such as the S&P 500. They are the antithesis of putting all your eggs in one basket.

Instead of buying individual stocks on your own, you can buy a large basket of stocks all at once, such

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How to analyze and improve

30-second summary:

  • Workflow problems can cause a lot of delays in content marketing, use value stream management to figure out the cause.
  • The next common problem is content quality. Use a range of metrics like the average time on page to figure out the problem.
  • Content distribution is one of the most straightforward things to analyze, look at website traffic, and backlinks.
  • Content conversion is more tricky to analyze, but you can use customer journey mapping and Google’s Attribution report to get a clear picture.

Content marketing is one of the most viable ways to increase website authority in the long run. Over 69% of companies actively invest in content marketing and 86% of professionals indicate it increases brand awareness, one of the most important things for long term success.

There are countless amazing guides on how to create and execute a content marketing strategy. However, when

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Best ways to use credit card points and miles if you’re not traveling

Business Insider recommends credit cards based on their overall value and ease of use. Sometimes, we receive a commission through The Points Guy affiliate network if you apply and are approved for a card, but our choices are always independent and objective.

  • If you have a stash of airline miles or credit card points, you can still redeem them even if you’re not traveling anytime soon.
  • Alternative redemption options include cashing them in for gift cards or donating to a charitable cause.
  • You could even be able to use credit card rewards to pay your bill or cover purchases you’ve already made.
  • Fortunately, cash-back credit cards usually offer statement credits, which are easy to use whether you travel or not.
  • See Business Insider’s list of the best rewards credit cards »

The World Tourism Industry estimates that, by the end of the year, international tourism will show a drop between

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