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Stimulus Talks Come to Abrupt Halt After Trump Orders End to Negotiations

  • President Donald Trump orders an end to White House negotiations with House Speaker Nancy Pelosi on a new round of COVID-19 relief
  • Move marks an abrupt departure from optimism expressed by both Pelosi and Treasury Secretary Steven Mnuchin that a workable compromise could be reached
  • Collapse of negotiations raises concerns about further business closures and a slower economic recovery
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A Return to Sailing Ships? Wingsail Technology Could Help Decarbonize Shipping

  • Wingsails could play a role in reducing fuel consumption and greenhouse gas emissions in the shipping industry
  • Autonomous system would take advantage of the wind and could be furled when not in use
  • Challenges include potential perception of risk and disconnect between who would pay for the technology and who would benefit from lower fuel costs
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Fed Chief Powell: More Stimulus Necessary, “Too Little” Risks Weak Recovery

  • Federal Reserve Chairman Jerome Powell urges more government economic relief, arguing that “overdoing” the stimulus carries fewer risks than not appropriating “too little”
  • Powell says previous stimulus package helped buoy economy, but that failure to act now could trigger recessionary factors deepen economic disparities
  • Democrats and Republicans have been inching closer to a relief deal, but so far have not produced a compromise
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Connecticut Expands Shared Work Program This Week

  • Connecticut Department of Labor says 1,340 companies and 24,300 workers have participated in the state’s Shared Work program since the start of the COVID-19 pandemic, an enormous increase over pre-pandemic levels
  • The program allows companies to temporarily reduce employees’ hours rather than implement layoffs
  • Governor Ned Lamont recently announced the expansion of the program, beginning this week
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Stimulus Hopes Buoy Markets, But Final Bill Remains Elusive

  • Stock market rises on indicators that Democratic leaders and the White House may soon strike a deal on a new round of COVID-19 relief
  • Partisan differences have plagued efforts to pass more relief, though there is broad support for small business assistance and other components
  • Complications such as a postponement of the Senate calendar could delay aid further
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Report: 865,000 Women Left the Labor Force in September

  • Women were more than four times as likely as men to leave the U.S. labor force in September, according to the National Women’s Law Center
  • Pandemic-related job losses have hit women harder than men, and they have also been hired at a slower rate
  • Home and caregiving responsibilities have fallen chiefly on women during the pandemic, increasing the likelihood of burnout if they are trying to add work to the balance
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How Machine Learning Can Streamline Small Business Operations

  • Machine learning can scrutinize large datasets for insights that can assist small businesses
  • Technology can make company operations more efficient while also helping to develop your business strategy
  • While small businesses might not have much data to start with, machine learning can be adopted as customer lists and other information grows more voluminous
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As COVID-19 Upends Retail, Some Innovations Are Likely to Endure

  • Thousands of retailers have closed their doors during COVID-19, and surviving stores are likely to retain innovative features after the pandemic passes
  • Contactless purchases, at-home shopping options, and improved sanitation among the features expected to endure
  • Customers also embrace opportunities to skip the checkout line and pick up products ordered online
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Expanding Renewable Energy in the U.S. Demands a Corresponding Upgrade in Electric Grid Capability

  • Renewable share of U.S. energy production expected to increase substantially in the next few decades
  • Traditional grids are built for energy generation from fossil fuel sources, making them ill-suited for the more variable production of renewables
  • “Smart grids” would require multibillion dollar investment but would create more flexibility based on production and demand
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Layoffs Raise Concerns About Economic Recovery Even as Jobless Numbers Show Improvement

  • Several large companies have announced tens of thousands of layoffs as revenues decrease and little headway is made on federal stimulus efforts
  • Job losses raise concerns of a weak labor market and slowing economic recovery
  • Unemployment figures show improvement, but jobless claims remain elevated
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