Stung by the pandemic, hotel owners and operators have focused on finding savings in reducing staff and providing alternative services. While that has been a prudent first step, they need to go beyond those measures. RSM has identified five ways hotels can survive the pandemic. … READ MORE >
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CHART OF THE DAY: How stablecoins are helping lay the groundwork for digital currencies
As stablecoins gain a toehold in the marketplace, they are helping pave the way for traditional currencies, like the U.S. dollar, to become digital assets. … READ MORE >
5 things to know in life sciences: Week of Feb. 8
Recent industry news includes the impact of new COVID-19 variants on existing vaccines for the disease, the outlook for drug pricing reforms under the Biden administration, and the promise of 3D-printed hearts. … READ MORE >
CHART OF THE DAY: Apparel companies’ new discipline on pricing
Consumer prices for apparel continued to rise in January, demonstrating that apparel companies are focused on profitability amid a volatile environment for supply and demand. … READ MORE >
Second wave of the pandemic devastates the Canadian labor market
The surge in coronavirus infections in Canada this winter has taken a heavy toll on the economy, which has only added to the urgency for a vaccine to be widely distributed. … READ MORE >
CHART OF THE DAY: The rising cost of eating at home and the lower cost of driving
The overall cost of living remains subdued, with the Consumer Price Index rising 1.4% in January. Over the past six months, the headline inflation rate has remained muted and stands below the Federal Reserve’s 2% implicit target necessary for increased demand and sustainable growth. … READ MORE >
Hotels face a long road to recovery emerging from the pandemic
Even as the American economy continues to emerge from the shock of the coronavirus pandemic and economists predict strong growth this year, the forecast for the hospitality industry remains bleak. … READ MORE >
CHART OF THE DAY: How COVID-19 vaccines compare on cold storage requirements
Local facilities face logistical hurdles in maintaining the ultra-low storage temps needed for COVID-19 vaccines. This graphic shows how the vaccines from Pfizer, Moderna and Johnson & Johnson compare in terms of their storage requirements. … READ MORE >
Global fiscal policy: Reflation led by fiscal firepower
The policy response by governments and central banks around the world has focused on the integration of fiscal and monetary policy to offset the impact of the pandemic and create the conditions for economic expansion. … READ MORE >
CHART OF THE DAY: The bond market’s assessment of governance and economic risk
The yield on 10-year Treasury bonds continues to move above 1%, reaching 1.15% last week for the first time since the end of last February, when the severity of the coronavirus outbreak was becoming apparent. … READ MORE >