Gym Owner Who Ran To Support Local Businesses Forced To Close

MORRISTOWN, NJ – Morristown gym owner Matt Scarfo is experiencing something many local business owners have felt as a result of the coronavirus pandemic: the loss of his business despite all efforts to save it.

After months of uncertainty, attempts from supportive community members to raise money, and the governor’s go-ahead to reopen, Scarfo announced last week that his business, Full-Time Fitness, would be closing for good.

“Six months is a terribly long time for any small business to hold its breath,” Scarfo wrote in a letter to patrons announcing the closure. “The fact that we held on for this long is just as much a miracle as it is a curse.”

Scarfo, who has run Full-Time Fitness for nearly 10 years, met with his building manager just days before the governor’s announcement that gyms would be allowed to reopen. Unfortunately, he said, that wouldn’t have been enough.

“There was

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Industrial Communication Market Size, Share Research 2020, Business Opportunity, Global Trend, Future Growth, Key Findings and Forecast to 2024

The MarketWatch News Department was not involved in the creation of this content.

Sep 21, 2020 (The Expresswire) —
Global “Industrial Communication Market” Report 2020 is a comprehensive, professional report provides a detailed overview of major drivers, restraints, challenges, opportunities, current market trends and strategies impacting the global market. The Industrial Communication market report provides with CAGR value changeability during the forecast period for the market. The report covered key aspects like the existing market conditions, the pace of growth and CAGR in the forecast period.

The Global Industrial Communication market 2020 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Industrial Communication market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are

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Fed Sees Rates Near Zero Through 2023 to Boost Jobs, Prices

(Bloomberg) — Federal Reserve officials held interest rates near zero and signaled they would stay there for at least three years, vowing to delay tightening until the U.S. gets back to maximum employment and 2% inflation.

The U.S. central bank “expects to maintain an accommodative stance” until those outcomes are achieved, it said in a statement Wednesday following a two-day meeting that beefed up its description of future policy.

The fresh guidance is the Fed’s first step in an evolving communication strategy, after it unveiled a new long-term policy framework last month to allow inflation to overshoot its 2% target after periods of under-performance.

Announced by Chair Jerome Powell at the Fed’s Jackson Hole conference, officials expect to refine their approach to economic projections later this year and they may also reach consensus on how to talk about their balance sheet.

“This very strong, very powerful guidance shows both our

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IRS Updates Life Insurance Company Reserve Regulations

(Credit: Allison Bell/ALM)

The Internal Revenue Service — an arm of the U.S. Treasury Department — has completed work on two documents that might, or might not, increase U.S. life insurance companies’ federal income taxes.

One document is a set of final regulations, “Computation and Reporting of Reserves for Life Insurance Companies.” The IRS is in the process of putting the regulations into effect, by getting the regulations published in the Federal Register.

The regulations affect what happens to life insurers’ income taxes when the insurers change the methods they use to account for the reserves supporting life insurance benefits obligations, annuity benefits obligations, and other obligations.

The other document, IRS Revenue Ruling 2020-19, governs when a reserving change a life insurer makes is significant enough to count as a “change in basis” for income tax calculation purposes. That document is supposed to help life insurers apply the new final

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Owner of Buenos Aires Nights in Ashford and Maidstone warns some customers have already been hostile about new coronavirus rule

A Kent business owner has warned of confrontation with customers after the introduction of the ‘rule of six’.

Linda Pontoriero, who runs Buenos Aires Nights in Ashford and Maidstone, says she and her staff have already been challenged about the new regulations, that come into force from today.

Linda Pontoriero of Buenos Aries Nights in High Street, Maidstone. Picture: Gary Browne
Linda Pontoriero of Buenos Aries Nights in High Street, Maidstone. Picture: Gary Browne

People booking tables at her steakhouses have been trying to bend the rules by suggesting that larger groups could sit separately in the restaurant, she says.



“Some people try, if it’s 12, they want two tables of six,” said Linda.

“When they come in they say can we put the tables together and we have already explained the situation.”

Even if they sit in different parts of the restaurant, she explained, there is always the danger of them getting up and going over to the other table.

“Sometimes they

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This and 15 More Seasonal Jobs

If you’re looking for a side gig or a seasonal full-time job, you’re in luck — thanks to Halloween and Christmas, many retailers and seasonal businesses are in need of extra employees during the fall and winter months.

UPS is planning to hire an additional 100,000 workers for the holiday season in anticipation of a surge in e-commerce sales due to the pandemic, Forbes reported. In addition, FedEx is reportedly looking to hire 70,000 seasonal workers. And many retailers are hiring more employees to work in their online distribution centers.

Although you might not be able to work these positions full time, the salary for one season can be lucrative enough to warrant the time and effort — and can be especially helpful if you’re one of the millions of Americans who lost their job due to the coronavirus. With all of these gigs, you can easily rack up cash

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Falcon Insurance Company Chooses Shift Technology for Fraud Detection

Innovative Auto Insurer Views Effective Fraud Detection as Critical to Achieving Company Mission

PARIS and BOSTON, Sept. 9, 2020 /PRNewswire/ — Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, today announced the company has been selected to support fraud detection initiatives for Falcon Insurance Company. The Illinois-based auto insurer will deploy Force, Shift’s fraud detection solution to accurately and efficiently uncover suspicious behaviors in the claims processes.

Shift Technology (PRNewsfoto/Shift Technology)

Falcon has built a successful business on an ethos of simplicity, creativity, integrity, and efficiency. As such, the company strongly believes that the right combination of technology and expertise results in a fast and fair claims experience, the time when policy holders need insurers the most. Fraud negatively impacts the customer experience through not only higher premiums but also longer time to settlement. Knowing this,

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Xbox Series X And Xbox Series S Reportedly Causing Microsoft To Lose Money

KEY POINTS

  • Microsoft recently revealed the prices of the Xbox Series X and Xbox Series S
  • The Xbox Series X retails at $499 while the Xbox Series S retails at $299
  • Microsoft is reportedly selling its next-gen gaming consoles at a loss

A new piece of information surfaced online, claiming that Microsoft is selling Xbox Series X and Xbox Series S at a loss. Microsoft announced earlier this week the official retail price of the Xbox Series S. The all-digital gaming console would soon be available at a starting price of $299.

The Xbox Series S features the same CPU as the Xbox Series X but it is $100 cheaper than its sibling.  Some gaming enthusiasts are now wondering if Microsoft is selling its next-generation gaming consoles at a loss. It appears that Venture Beat’s Jeff Grubb also thinks the same.

According to Grubb, the Redmond-based tech giant is taking

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Owner of Palmetto Cheese apologizes for Facebook post, explains Black woman’s image on packaging

Posted: Updated:

PAWLEYS ISLAND, S.C. (WBTW) — The owner of the Palmetto Cheese brand, who is also the mayor of Pawleys Island, apologized Thursday for a racially insensitive Facebook post and explained the branding of his product, which is the target of calls for a boycott.

When posting on Facebook about a man who was charged with shooting and killing two people after a traffic accident in Georgetown, Mayor Brian Henry wrote: “2 innocent people murdered. Not 2 thugs or people wanted on multiple warrants. 2 white people defenselessly gunned down by a black man.  Tell me, where is the outrage? When and where will we begin rioting and burning down businesses in Georgetown.”

Henry also referred to the Black Lives Matter movement as a “terror” organization.

“Why do we stand by and allow BLM

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2 Industrial Stocks You Can Buy and Hold for the Next Decade

If the idea of investing in industrial stocks puts you off because it sounds boring, you’d certainly reconsider once you learn how big and vital the industrials sector is and how well-positioned some stocks are to grow immensely in coming years. Yes, I’m talking about potential multibaggers here. With their excellent past records and incredible growth drivers ahead, these two industrial stocks are available for you to buy and hold for as long as 10 years, and even longer.

Here’s an “industrial-tech” stock you simply can’t ignore

Honeywell (NYSE:HON) is a formidable mix of industrials and technology, which is where the stock’s appeal lies.

In August, Honeywell stock bagged a spot in the Dow Jones Industrial Average (DJINDICES:^DJI). It was part of an index reshuffle to accommodate businesses that “better reflect the American economy.” There couldn’t be a better contender than Honeywell, given its massive portfolio that serves most

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