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Business News Roundup, July 12, 2021

A Fed report on the economic recovery, JPMorgan research on ending unemployment supplements, increased demand for warehouses, small business shipping challenges, and pet startups are among the top business news items this morning. National Labor and supply shortages have hampered…

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What Biden’s Executive Order on Economic Competition Means for Small Businesses

  • White House issues sweeping executive order on aimed at addressing competition in the American economy
  • Several measures related to banking, exporting, agriculture, and independent sales and services could impact small businesses
  • Order aims to promote innovation and economic growth, lower prices, and increase workers’ wages
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New Workplace Smoking Rules Going Into Effect in Connecticut This Fall

  • Legislation legalizing recreational cannabis in Connecticut includes updates on workplace smoking rules
  • Starting Oct. 1, workers taking a smoke break must be 25 feet away from any windows, doors, or air intake vents
  • Smoking bans extended to several other venues, but exemptions remain for businesses like tobacco lounges
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Tips For Encouraging Innovation in Your Workplace

  • Tips for fostering an innovation-friendly workplace
  • Business leaders should be willing to encourage employees to take unorthodox approaches and be willing to accept certain risks and failures
  • Breakthrough developments and rapid growth can be the rewards for such an approach
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Key Factors in Rebuilding Trust After Your Company’s Reputation is Damaged

  • Harvard Business School authors look at how businesses build, lose, and regain trust
  • Companies face greater challenges in building trust, but can adopt several strategies to do so
  • Recovering from a loss of trust is a long-term process that requires patience
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Business News Roundup, July 9, 2021

An order addressing anti-competitive behavior, further COVID-19 vaccine developments, a coalition to promote infrastructure investments, bond signals on inflation, and an impending test of Connecticut's economy are among the top business news items this morning. National President Joe Biden has…

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COVID-19 Fuels Record Prices and Sales in Connecticut Housing Market

  • Connecticut housing market sees record high prices and a 16-year high in home sales in 2020
  • Outmigration from New York City contributes to surges in sales and prices in certain markets
  • Trend is likely to continue in 2021 due to continued consumer demand and low mortgage rates
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Survey Finds One-Third of Small Businesses Have Experienced Workplace Violence

  • 34 percent of small and mid-sized businesses polled by HSB say they’ve been affected by an incident of workplace violence
  • A similar share say their employees have expressed concerns about the issue or reported feeling threatened while at work
  • Respondents say they fear the issue is becoming more prevalent and is more likely to have a negative impact in areas such as morale, productivity, and sales
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Study: Shorter Work Weeks Maintain Productivity, Reduce Worker Stress

  • Results released from two large-scale trials in Iceland on the effect of reducing the work week to 35 or 36 hours
  • Researchers concluded that improved personal well-being resulted in better work performance and no negative impact on productivity
  • Participants also reported a better work-life balance, with more time for personal activities and reduced stress at home
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Department of Energy to Provide Millions for R&D in Wave Energy Technology

  • Department of Energy to provide up to $27 million to support research and development of advance wave energy technologies
  • These technologies work to harness the energy created when wind blows over the open water of oceans and lakes
  • Research will take place at a wave energy testing facility currently under construction off Oregon
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