Recovery Thinking updated: 10 November, 2020
In this post:
Do you see the opportunity now in front of you?,
In the present pandemic moment, there’s plenty to learn from standing still.,
Not Everyone sees this as the end of ends.
Use your Fintech to start working toward recovery.,
Companies already see this as an Economic Opportunity to switch to Circular!
Let me tell you a story…
…More Job Vacancies in other posts also listed at the bottom of this post …a list at the bottom of other posts on urgent issues
Your business has been growing the last number of years……slow but sure. How could you think about stopping and RE-thinking things? …about total life cycles or closing-loops. … about sustainable supply chains? Who would loan you money to take the time to make these kinds of changes?
You might have already been thinking about how to move to the New Circular Industrial Revolution, but how could you stop what you were doing?
Do you see the opportunity now in front of you?
In this pandemic moment, there’s plenty to learn from standing still.
Plenty of time to consider RE-thinking, total life cycles or closing-loops, sustainable supply chains – circular economics and doing business a little different. Disruptions can be opportunities….. even horrible disruptions like this Pandemic.
The world changed a few weeks/months ago.
Everything has almost come to a complete stop.
This is a horrific economic disruption. Use it as an Economic Opportunity!
Use the imbalances to RE-THINK!
Turn the corner, accept it and use this opportunity to join the Circular Economy!
You have been forced to step back. Use it as an opportunity.
Take this opportunity, Do not ignore it, Use this disruption to move Forward.
Harmony with planet Earth!
This is a fantastic Opportunity to move to the circular economy!
Do not listen to “the pandemic is dooms day” economists!
Yes, this is disruption! But a disruption of Economic Opportunity.
When has there ever been a moment when we are given the time to re-think what we have been doing and change what needs to be changed!
This is a transit from the
Old Industrial Revolution to the
New Circular Industrial Revolution!
Conserve your energy. Step back. Re-think how you go forward.
Your business has been totally disrupted….take what is left. Move to Circular and give up the rest.
Delegate new functions to the people you continue to work with.
This is an opportunity to ask your experienced employees that believe in a Circular Economy to offer you their ideas about how to move truely forward.
Take this opportunity to rehire those that have already begun to re-think.
Take this opportunity to change your production to close-the-loops, turn trash to cash.
Look for new circular supply chains.
Talk to your customers about the Life Cycle of your products. When do they stop using your product? How do they throw it away?
It is going to take some time, but planet Earth will go forward. And when it does, be ready with new ideas for society, industry, economics in harmony with planet Earth.
Use this Economic Opportunity!
This transit is a challenging one for you, but it is an opportunity for the life of your business and of planet Earth.
Do not try to figure out the future. Look at what is left now and RE-THINK your plans. You can learn much from this disruption.
You can be completely clear about what you need to do! Stop. Use this horrific disruption to re-think. Take this opportunity to join so many who have already accepted the new Circular Economy.
This is a tunnel to the lite of opportunity…..
Not everyone sees this as the end of ends…..
Since there is nothing fundamentally wrong with the world economy, many are hoping that the recovery will be just as swift as the downturn itself, once the outbreak is under control or a vaccine is found.
The International Monetary Fund (IMF) hopes that assuming “the pandemic fades in the second half of 2020 or beginning 2021 that containment efforts can be gradually unwound” and that effective policy measures are taken to limit the economic harm done by lockdown measures. The IMF continues to predict a V-shaped recovery for the world economy.
Chaired by Mr. Lesetja Kganyago, Governor of the South African Reserve Bank
While the global outlook is subject to exceptionally high uncertainty, we expect a recovery next year as we continue to employ all available policy tools to defeat the pandemic, protect jobs, and restore growth. We have taken extraordinary macroeconomic action and, working together, will further scale up fiscal, monetary, and financial stability measures, as necessary, to facilitate a speedy return to strong, sustainable, balanced, and inclusive growth.
In fact….those “V’s” are already showing up.
Even people who need essentials are finding ways to buy them! We are probably a 1/2 year or year away from total control of the virus. Recovery in action is still a ways off. There is still time to RETHINK.
I have been saying this since April………….Take this opportunity to RE-Think and see what happens:
November 10, 2020 – NPR … John Haltiwanger, an economist at the University of Maryland, has been working with the U.S. Census Bureau to measure new business creation for decades. Every new business that hires workers, he says, has to apply for an employer identification number with the government, and when the coronavirus pandemic began, the data showed what you might expect: “We saw a collapse in new business applications,” Haltiwanger says. But then, about six weeks into the pandemic, the numbers started rising. At first, he says, they had to double-check that the data were correct: “We were, like, what’s going on here?”
And then the new business applications just kept rising. “The third quarter of 2020 is the highest quarter of applications we’ve ever seen,” Haltiwanger says (their quarterly data go back to 2004). …
… In both the German and American systems, the best path to a solid recovery starts with ending the pandemic. But, Haltiwanger says, given our crummy situation, it’s still good news for America that new businesses and jobs are being created. His research shows that new businesses create the majority of new jobs in America. …
And who is helping with the recovery?
Fintechs are working for Small Businesses.
Use your Fintech or sustainable Lender to start working toward recovery.
Here are some of their suggestions:
Why Customer Communication is Crucial in Times of Uncertainty
COVID-19 has many small business owners and their customers worried and confused. You might be tempted to limit communication with your audience because you’re afraid of saying the wrong thing. But now is not the time to go quiet. Your clientele needs to hear from you — not just now, but at any time of crisis.
Striking the right tone
Creating offers that help
Stay in contact
PPP Status: Kabbage is still accepting and reviewing PPP loan (paycheck protection program) applications:
The SBA is not currently accepting new PPP loan applications. Based on our contact with the government, we’re confident more funds will be available soon.*** We’re continuing to review applications so there’s no delay in processing once additional funding is approved.
Resources during COVID-19
RESOURCES FOR YOU
>Apply for Paycheck Protection Program loans
>State and local government updates, including:
-Moved income tax filing deadlines
-Created small business assistance programs
-Instituted shelter-in-place, stay-at-home orders or large gathering bans
Update on COVID-19 – If you’re a customer impacted by COVID-19, please visit our support page .
Coronavirus Business Interruption Loan Scheme (CBILS)
Resources for those affected by COVID-19
Government Assistance Resources
Resources for Employers
How to take care of your mental health as an entrepreneur
Economic relief for Wave customers
Free Instant Payouts
Free Bank Payments
COVID-19 Temporary Wage Subsidy for Employers Integration (Canada)
What small business owners need to know about the CARES Act
How the Canadian government is supporting small business owners and employees
Frequently asked questions from entrepreneurs about the consequences of corona
If you do not read Dutch, use google to translate these pages.
The impact on payment
The impact on financing
The impact on insurance
The impact on pensions
The impact on international business
Contact with Rabobank
European Commission and the European Investment Bank (EIB)
Does This Change Everything? Small business gets sick
Does This Change Everything? Capital markets and coronavirus
Does This Change Everything? Digitalisation, small businesses and coronavirus
Involvement of KfW in the German government’s package of measures to mitigate the economic impact of the ongoing COVID-19 Pandemic
The German government and KfW launch instant loan programme for medium-sized enterprises
African Development Bank Group unveils $10 billion Response Facility to curb COVID-19
8 April, 2020 – … Two weeks ago, the African Development Bank launched a record-breaking $3 billion Fight COVID-19 Social Bond, the world’s largest US dollar-denominated social bond ever on the international capital market. Last week, the Board of Directors also approved a $2 million grant for the World Health Organization for its efforts on the continent.
“These are extraordinary times, and we must take bold and decisive actions to save and protect millions of lives in Africa. We are in a race to save lives. No country will be left behind,” said Akinwumi Adesina, President of the African Development Bank Group.
JS Bank Limited
SME Financing – In light of the Covid-19 epidemic, JS Bank is pleased to offer our SME customers the option to defer re-payment of principal in the monthly instalment by up to a maximum of 12 months based upon request (Form given below). Customers now have the option to simply pay the Markup component therefore reducing the amount of the Monthly Instalment. Customers can now request Deferral of Principal Repayment through the nearest JSBL Branch. Last date for submission of requests is 30th June 2020.
What is going on in your country?
May I help you find out?
You Think This Pandemic Is Bad? We Have Another Crisis Coming Addressing climate change is a big-enough idea to revive the economy.
April 2020 -… Addressing climate change doesn’t have to slow down the economic recovery, either. In fact, it can push it forward. No one knows the depth of the recession, but it is hard to see how we will put the 16 million people who have filed for unemployment back to work without significant public investment.
If history is any indication, rebounding from an economic disruption this large requires an equally large spike in demand and production. Outside of war, climate change is the only issue large enough to provide such a spike. Now is the time to create policies that provide immediate relief to communities, such as federal assistance to transition homes and businesses to renewable energy; give “green” fiscal aid to states; and fuel economic recovery with the creation of federally funded green jobs.
14 April, 2020 – BRUSSELS (Reuters) – European politicians, companies, lawmakers and activists called on Tuesday for green investment to restart growth after the coronavirus pandemic, saying fighting climate change and promoting biodiversity would rebuild stronger economies.
… Signatories included ministers from 10 countries from Italy to Luxembourg, 79 EU lawmakers, and chief executives from L’Oreal’s (OREP.PA) Jean-Paul Agon to IKEA’s Jesper Brodin and Danone’s (DANO.PA) Emmanuel Faber.
… Ten EU countries, joined by Germany, France and Greece over the weekend, have signed a separate open letter urging the EU to ensure its rescue package supports the Green Deal.
… Some asset managers are also urging governments to design economic rescue packages to accelerate a low-carbon transition.
Already hundreds/thousands of economists and business people have moved to a Circular Economy.
This is an Economic Opportunity to move to it faster.
With COVID19, companies may be cautious, but are not Dooms-Day sayers. Companies already see this as an Economic Opportunity to make that switch to sustainability, closing-loops, to Circular!
Climate Change Central to its Investment Strategy
“BlackRock is now throwing their weight behind what already exists — a global movement to really address sustainability in portfolios,” said the Rev. Kirsten Snow Spalding, senior department director of Ceres’s investor network. “They’re not the first to the party, but just adding their weight is critical.”
BLACKROCK says: Coronavirus warrants caution
We still see the U.S. and global expansion as intact. But the risk is that a broadening of the outbreak undermines fundamentals and triggers a premature end to the economic cycle.
Mar 1, 2020 – We are reducing our overweight equity and credit exposures due to coronavirus outbreaks but maintain benchmark holdings. …
This is a temporary shock, albeit one of unknown depth and duration.
“Today, BlackRock is trusted to manage more money than any other investment firm in the world.“
Fundamental Reshaping of Finance >>> Putting Sustainablity at the center of How we invest…………………..
As an asset manager, BlackRock invests on behalf of others, and I am writing to you as an advisor and fiduciary to these clients. The money we manage is not our own. It belongs to people in dozens of countries trying to finance long-term goals like retirement. And we have a deep responsibility to these institutions and individuals – who are shareholders in your company and thousands of others – to promote long-term value.
Last September, when millions of people took to the streets to demand action on climate change, many of them emphasized the significant and lasting impact that it will have on economic growth and prosperity – a risk that markets to date have been slow to reflect. But awareness is rapidly changing, and I believe we are on the edge of a fundamental reshaping of finance.
Investors are increasingly reckoning with these questions and recognizing that climate risk is investment risk. Indeed, climate change is almost invariably the top issue that clients around the world raise with BlackRock. From Europe to Australia, South America to China, Florida to Oregon, investors are asking how they should modify their portfolios. They are seeking to understand both the physical risks associated with climate change as well as the ways that climate policy will impact prices, costs, and demand across the entire economy.
These questions are driving a profound reassessment of risk and asset values. And because capital markets pull future risk forward, we will see changes in capital allocation more quickly than we see changes to the climate itself. In the near future – and sooner than most anticipate – there will be a significant reallocation of capital.
Climate Risk Is Investment Risk
… Disclosure should be a means to achieving a more sustainable and inclusive capitalism. Companies must be deliberate and committed to embracing purpose and serving all stakeholders – your shareholders, customers, employees, and the communities where you operate. In doing so, your company will enjoy greater long-term prosperity, as will investors, workers, and society as a whole.
… because developers can build wind and solar farms more quickly than natural-gas, coal and nuclear plants, Mr. Alonso said, the renewables have become more attractive financially. In difficult economic times like these, he said, private equity investors like Quantum are eager to seize on businesses that can quickly scale up and start earning money.
… 8minute Solar was recently forced to suspend work on the Lotus Solar Project, a 67-megawatt solar farm north of Fresno, Calif., that it is building for Allianz Global Investors. Officials said it was unclear whether the work, which employed about 50 people, was considered “essential.”
But the Department of Homeland Security included electricity production on its list of essential activities last month, affirming legal advice that 8minute had received, and the company sent workers back to finish construction.
… The solar industry expected to add more panels in 2020 than in any other previous year, said Abigail Hopper, president of the Solar Energy Industries Association. That won’t happen now, but the industry is still poised to add capacity.
“We believe, over the long run, we are well positioned to outcompete incumbent generators,” Ms. Hopper said.
Poor planning for COVID-19 rings economic warning bell for climate: Don Pittis Question for governments is how much to spend now to avert potential disaster later
10 April, 2020 – … Whether due to pandemic disease or climate change, if science tells us that economic ruin is the eventual result, it may be the job of governments to compensate for our natural tendency to worry about the short term and ignore the future.
“I don’t want to lose the message that, yeah, we have a crisis now, but there’s another crisis looming on the horizon,” said Carolyn Fischer, who works with the University of Ottawa’s pro-business Smart Prosperity Institute.
“Maybe we can draw some lessons from this one for what happens when you react too late.”
No matter how bad it gets, perseverance will successfully get you through the end of the dark tunnel you now find yourself. If you look at this situation from a negative, “glass half-empty” mindset, your business is doomed to fail. So, you might as well shutter the business and stop the bleeding right now. If you look at this situation from a positive, “glass half-full” mindset, that positivity will infuse itself into the culture of the business, the team will rally around you and you will survive with flying colors. That said, always be honest with your team.
COVID-19 Pandemic: What Small Businesses Can Do
Institute for Local Self-Reliance
4. Develop New Distribution Channels and Other Ways for Customers to Reach You
6. Reward Your Customers for Their Ongoing Support
8. Apply for Business Continuation Grants and Loans
10. Closed for a Few Weeks? Use This Time Productively
The coronavirus pandemic is affecting almost every business in the US— retail, hospitality, service-sector, manufacturing, everything. It is likely that almost all business owners will have some down time over the next few weeks or months. Rather than binge-watching a streaming show, you could spend that time strengthening your business — or even launching a new one. Some possibilities: …
3 April, 2020 -… “One of the things I’ve heard is this small business program is going to be so popular that we’re going to run out of our $350 billion,” Mnuchin told CNBC this week. “If that’s the case, I can assure you that will be top of the list for me to go back to Congress on. It has huge bipartisan support and we want to protect small business.”
Editor’s note: We are updating this story regularly as more federal, state and local program details become available. Last update: April 10, 2020.
If you use the internet, maybe some of these ideas and deals are just what you are looking for…..
To save you time, this article DOES NOT contain information on how to get small business loans or anything related to coronavirus small business relief / business grants / financial assistance programs. It’s always best practice to check with your local government authorities for this information.
I am going to divide this article into two sections. First part is for small business owners looking to transition to remote work and/or establish a digital presence to grow online.
Second part is for small business owners looking for side ideas to supplement their main income. The second part can of course be utilized by anyone (including students). I highly encourage you to take action.
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As you search the web for assistance, remember to search “sustainable suppliers”, too. Also, they will be trying to find ways to overcome their problems. Working together will be even better toward reclaiming the economy and planet Earth.
Let me tell you a story, a horrific story, but one that the archaeologists in Israel are very happy to talk about.
It was the 1948 war in Palestine/Israel and the Jewish Quarter of the Old City of Jerusalem was emptied of Jews by the Arab nations and then destroyed.
Abdallah of Jordan deployed in East Jerusalem, fought the Israelis and took the Jewish quarter of the Old City. The population was expelled and the fighters taken prisoners to Jordan. … As the dawn of Friday, May 28, 1948, was about to break, the Jewish Quarter emerged convulsed in a black cloud – a cloud of death and agony.”— Abdullah el-Tal according to Yosef Tekoah (Permanent Representative of Israel to the United Nations).
The Jordanian commander is reported to have told his superiors: “For the first time in 1,000 years not a single Jew remains in the Jewish Quarter. Not a single building remains intact. This makes the Jews’ return here impossible.”
For 19 years, no Jew could enter the Old City. Finally in 1967 during the “6 day war”, the Jewish Quarter of the Old City of Jerusalem was liberated and people of all faiths could enter all of it again. The Jews cried when they saw the great destruction of the Jewish Quarter, but the Archaeologists began to smile and they continued to smile as the rubble was taken away and underneath were many many ancient remains as it had been 2000+ years even earlier at the time of the destruction of the Second Temple, another horrific destruction. …. in this case a horrific destruction created an opportunity.
Before being rebuilt, the quarter was excavated and now archaeological remains are on display in a series of museums, some of which are 2-3 storeys beneath the level of the current city as well as outdoor parks. Among the finds were a 2,200-year-old depiction of the Temple menorah, and the Burnt House, the remains of the Byzantine Nea Church, Jerusalem’s cardo maximus, a fifth-century 70-foot (21 m)-wide road and remnants of the late 8th-century BCE “broad wall”, built to defend Jerusalem during the reign of King Hezekiah.
The destruction of the Second Temple was a horrific disruption 2000+ years ago and the 1948 bombing of the Jewish Quarter was another horrific disruption, but because of them, we can see today the remains of what life was like so many years ago. It was a horrific opportunity.
Let us use the present disruption to move forward and reclaim planet Earth as it was before the industrial revolution started 200+ years ago.
At Davos: England’s Prince Charles – where the Old industrial revolution started – talks about his sustainable markets initiative in partnership with the World Economic Forum. (2:20 minutes)
I went to the woods because I wished to live deliberately, to front only the essential facts of life.
And see if I could not learn what it had to teach.
And not, when I came to die, discover that I had not lived.
Henry David Thoreau
The Clear and Present Issues that Need Action:
Too Much Methane !
COVID-19 >>> WE CAN COPE
Our Link To COVID 19 = Shrinking Bio-Diversity
Horrific Disruptive – Economic Opportunity!
I am going through all my posts to check websites for Green Jobs & Money toward recovery:
Green Recovery – Jobs & Money – Where?
look for more of these…………………………………………………..