May 15, 2021

crisis

What Crisis Negotiation Can Teach Business Leaders About Discussing Money

Michelle is a financial advisor and the founder of MichelleAB, a lifestyle platform that enables change-makers to achieve financial freedom.

As the leader of a business or an entrepreneur, how do you talk to yourself about money? Are you empathetic and gentle with yourself? Or do you sound more like a strict, overbearing parent?

There’s a good chance that if you believe the worst thing someone could find out about you is that you don’t have it all going on when it comes to money in general or even the financial state of your company, your self-talk might

Read More

Empty Lots, Angry Customers: Chip Crisis Throws Wrench Into Car Business

Americans are shopping for cars in near-record numbers, but the world’s computer-chip shortage has left dealers with the fewest offerings in decades.

The market mismatch is driving up prices, and many buyers expecting to drive new cars off the lot have to wait weeks or months for their vehicles to arrive. Some showroom models sell for thousands of dollars over the sticker price.

“We may just be in the greatest new-car market of our existence,” Philadelphia-area car dealer

David Kelleher

said, “and we’re doing it with no cars.”

He recently woke up at 3:30 a.m. in a cold sweat and

Read More

Europe Is Heading Toward a New Financial Crisis

Photographer: Francesca Volpi/Bloomberg

Europe faces a predicament. Even as it struggles to contain the Covid-19 pandemic, it’s setting itself up for another crisis — this one financial. To ensure the viability of the common currency at the heart of the European project, the EU’s leaders will have to cooperate in ways they’ve so far resisted.

Adopting the single currency has yielded great benefits, from frictionless trade to improved global competitiveness. But the euro also obliged member states to relinquish the independent monetary policies that can help backstop national debts and financial systems.

Read More

Rowan University sues insurance company for not covering millions in losses amid COVID crisis

Rowan University has joined the growing list of businesses in New Jersey filing suit against insurance companies for not covering losses associated with the coronavirus pandemic.

The university claims in court papers Factory Mutual Insurance Company of Rhode Island has failed to honor an all-risk commercial property policy that ran from July 1, 2019 to July 1, 2020.

The lawsuit, filed last month in state Superior Court in Gloucester County, states the policy promises coverage for business losses and extra expenses due to “interruption by communicable disease.”

The policy, which covered all of Rowan’s 24 locations in the state, should

Read More

Suez Canal Crisis May Cost Insurance Companies Millions

Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here.

There were potentially thousands of insurance policies taken out on the steel boxes stacked high on the massive boat blocking the Suez Canal and upending world trade. They could result in millions of dollars in payouts — but first, a game of passing the buck.

Taiwan’s Evergreen Line, which chartered the Ever Given, says Japan’s Shoei Kisen Kaisha Ltd — the ship’s

Read More

He covered the Covid crisis in Italy. Then the disease became personal.

Claudio Lavanga, NBC News’ Rome correspondent, has reported on a wide variety of stories. Most recently, he has helped document the pandemic’s terrible toll in Italy, where over 104,000 have died and almost 3.5 million been sickened. Now, as the country goes through a third Covid-19 wave, he describes how his family became part of the story.

ROME — Since Italy became the epicenter of the Covid-19 pandemic in Europe, I have kept track of the number of people testing positive every day. It quickly reached into the tens of thousands a cold daily toll, a war bulletin in a

Read More