Tuesday, March 31, 2020
EYES ON THE STREET: Temporary Bike Lane on Smith Street is Great, But … - Streetsblog New York
The temporary protected bike lane on Smith Street in Downtown Brooklyn is an unmitigated (well, almost entirely unmitigated*) success — a quick solution to a long-dangerous gap in the bike network that was undertaken efficiently by a strapped Department of Transportation.
As such, the only question is, “Can we get more of these, please?”
The answer to that is, for now, no. On Monday, the DOT declined to provide additional sites for temporary cyclist protection and declined to comment.
Now, the good news: Streetsblog took to the street over several days and can report that the barrel-and-tape-protected lanes along Smith Street between Atlantic Avenue and Fulton Street (plus the last unprotected block of Jay Street between Johnson and Tillary streets) is working as promised. (A similar temporary lane on Second Avenue in Manhattan is a failure, however, according to Streetsblog’s Julianne Cuba. Her full report is here.)
Smith Street
Context: The length of formerly busy Smith Street from Ninth Street to Atlantic Avenue has long featured a painted lane. But north of the intersection of Atlantic, all protection vanished, leaving cyclists competing with buses and many illegally parked police cars that frequent the area because of its proximity to the Brooklyn House of Detention and the nearby courthouses.
Now: As cyclists move north of Atlantic Avenue, they enjoy a blocked-off lane (albeit one that narrows a bit at the corner of State Street (photo above). The lane is similarly protected in the block between State and Livingston streets (photo below, featuring this reporter’s bike):
Protection disappears between Livingston Street and the Fulton Mall, which has long been a terminus for several bus lanes and, as such, will never ever be safe for cyclists. The same is true of the block north of the Fulton Mall for the same reason (see picture below, with a car illegally parked in the bus stop):
Above this point, cyclists return to a fully protected bike lane for three blocks where Smith Street changes its name to Jay Street. The protection abruptly ends at Johnson Street.
That “last block” of the downtown sluice has long frustrated cyclists because Jay Street between Johnson and Tillary streets is not only a key route to the Manhattan and Brooklyn bridges, but the block has long been marked “No standing,” yet is always filled with illegally parked or placarded police and fire vehicles. See photo below:
Thankfully, that strip now looks like this:
Conclusion: The bike lane is excellent, albeit still subject to human error in the form of police, who simply don’t care. (Hence that asterisk from the top of this story!)
Also, for all the success and effort of the Department of Transportation, danger always lurks one block away from any street safety improvement because of the failure of the NYPD to enforce and follow basic rules. The “No Parking” zone on narrow Hoyt Street between Livingston and Schermerhorn streets, for example, is always clogged by illegally parked official vehicles (typically NYPD, but sometimes MTA), which make the roadway unsafe for cyclists.
The NYPD has long promised to fix this problem, but it has failed to do so.
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EYES ON THE STREET: Temporary Bike Lane on Smith Street is Great, But … - Streetsblog New York
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Coast Line | Santa Cruz street repaving to begin Wednesday, Thursday - Santa Cruz Sentinel
SANTA CRUZ
Street repaving to begin Wednesday, Thursday
The City of Santa Cruz is scheduled to continue the River Street and Water Street Overlay Project this week. Paving will take place on Mission Street from Green Street to Center Street on Wednesday. Paving on Water Street from River Street to North Branciforte Avenue will begin on Thursday and continue through April 14.
Construction at both locations will take place from approximately 7 a.m. to 4 p.m. Two-way traffic will remain in place with some detours, however, travelers should expect delays. Parking, bike lanes and pedestrian access in these construction areas will be impacted. Traffic control will be in place during construction hours.
For concerns or questions, call 831-420-5198 or email RValdes@cityofsantacruz.com.
If you have a news event or announcement for Coast Lines, email newsroom@santacruzsentinel.com and place “Coast Lines” in the email subject line. Coast Lines items are run at no charge. Please include contact information for questions. Information: 831-706-3252 Tuesdays to Saturdays. To view previous Coast Lines items, visit SantaCruzSentinel.com/tag/coast-lines.
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Coast Line | Santa Cruz street repaving to begin Wednesday, Thursday - Santa Cruz Sentinel
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March Was Wall Street’s Worst Month Since 2008: Live Updates - The New York Times
Here’s what you need to know:
Wall Street’s stomach-churning month ends with a drop.
March was a month of head-snapping turns in financial markets: The S&P 500 suffered its worst one-day drop since 1987 before later recording its best three-day run since 1933, oil prices crashed, interest rates plunged and Wall Street’s more esoteric markets seized up.
The roller coaster came as investors found themselves overwhelmed by a shutdown of the world economy. Early in the month, the record-breaking, 11-year bull market ended, and trading was halted more than once to prevent a crash.
An enormous fiscal and policy response at the end of the month helped undo some of the worst of the damage. The S&P 500 recouped more than half of its losses in the final week of the month after lawmakers passed a $2 trillion spending package and the Federal Reserve said it would buy an unlimited amount of government-backed debt to keep markets functioning.
But even as stocks rebounded well off their lowest point, March was the worst month for the S&P 500 since October 2008, when investors feared a collapse of the economy in the wake of the global financial crisis. The S&P 500 fell 12.5 percent this month. The index is down 20 percent so far this year.
On Tuesday, stocks fell 1.6 percent.
Calmer markets do not mean the worst is over. As consumers stay home and factories shut down, millions of workers have lost their jobs. Economic data showing the scale of the damage has only just begun to roll in, and Wall Street analysts continue to downgrade expectations for the economy.
Goldman Sachs, for example, now expects U.S. economic output to plunge at an annualized rate of 34 percent in the second quarter. The unemployment rate will hit 15 percent, the bank said in a research note on Tuesday.
But the worst of the recent swings in asset prices seem to have ended, and investors are trying to find a footing.
“We appear to be seeing improved sentiment,” Yousef Abbasi, global market strategist at INTL FCStone, a financial services and brokerage firm, wrote in a note to clients on Tuesday. “When sentiment does start to improve around the virus and its ultimate economic impact — the market will find it difficult to ignore the size and scope of the fiscal and monetary stimulus that has been undertaken.”
With demand falling, oil companies are slashing production and jobs.
With the coronavirus pandemic all but eliminating travel, demand for energy is tumbling, and oil companies from Algeria to West Texas are slashing budgets. Refineries are cutting production of gasoline, diesel and jet fuel, and oil companies are dropping rigs, dismissing fracking crews and beginning to shutter wells.
As much as 20 percent, or 20 million barrels a day, of oil demand may be lost as the global economy slows, according to the International Energy Agency. That is roughly equivalent to eliminating all U.S. consumption. To make matters worse, Saudi Arabia and Russia are increasing oil production to regain market share from American oil companies that increased production and exports in recent years.
The Trump administration has been trying to convince Saudi Arabia and Russia that they should cut production to help stabilize the oil market; President Trump and President Vladimir Putin of Russia discussed energy markets in a call on Monday. But the energy demand destroyed by the virus now overshadows anything that Saudi Arabia or Russia could do to reduce exports.
Global oil benchmark prices hover around $20 a barrel — levels not seen in a generation — and regional prices in West Texas and North Dakota have fallen even further, to around $10 a barrel. That is about a quarter of the price that shale operators typically need to cover the costs of pulling oil out of the ground. If these prices persist, a big wave of bankruptcies is inevitable by the end of the year, experts say.
CNN’s Chris Cuomo tests positive for the coronavirus.
Chris Cuomo, the CNN anchor and younger brother of Gov. Andrew M. Cuomo of New York, has tested positive for the coronavirus and is quarantining at his home, the network said on Tuesday.
Mr. Cuomo is “feeling well,” according to a memo distributed to CNN staff members, and he plans to continue hosting his prime-time program from a studio at his home. Mr. Cuomo confirmed the news himself on Twitter.
Mr. Cuomo, 49, is one of the most prominent members of the American news media so far to test positive for the coronavirus. His illness is also notable in part because of the outsize role his brother, Governor Cuomo, has played in leading the response to the virus in the hard-hit state of New York.
Governor Cuomo, when asked about his brother on Tuesday, said “he is going to be fine.”
“He’s young, in good shape, strong, not as strong as he thinks, but he will be fine. But there’s a lesson in this,” he said. “He’s an essential worker, a member of the press, so he’s been out there. If you go out there, the chance that you get infected is very high.”
YouTube removes a video from the Brazilian president.
YouTube on Tuesday followed other social media companies in removing two videos shared by President Jair Bolsonaro of Brazil for spreading coronavirus misinformation.
“Since early February, we have manually reviewed and removed thousands of videos related to dangerous or misleading coronavirus information,” said Farshad Shadloo, a YouTube spokesman. “It remains our top priority to provide information to users in a responsible way.”
The company declined to identify the two videos removed.
This week, Facebook and Twitter took down videos posted by Mr. Bolsonaro in which he called the anti-malaria prescription drug hydroxychloroquine a “cure everywhere” and encouraged the end of social distancing in Brazil. President Trump has also touted the drug in social media posts, saying it showed “tremendous promise,” but the tech companies said this did not violate their policies because there was not a clear call to action that would cause the public harm.
Small businesses could be approved for loans in one day.
The Treasury Department detailed a new loan program on Tuesday that is intended to help small businesses hit by the coronavirus pandemic apply — and receive approval — for loans in one day.
The program, which received $349 billion in funds through the economic relief package signed into law last week, is being run through the Small Business Administration with oversight from the Treasury. It is intended to help millions of businesses keep their workers on the payroll and cover some additional expenses as much of the economy is shuttered.
From Friday, business owners will be able to seek the loans at participating lenders, banks and credit unions. The loans will be forgiven if the employers do not lay off their workers. There are also no collateral requirements or S.B.A. fees associated with these loans, and any repayments can be deferred for up to six months.
To try and ensure lenders don’t just seek out bigger loans, the program will pay higher fees to banks that make smaller loans. Lenders will be paid a 5 percent fee for loans $350,000 and under. Loans greater than $350,000 to $2 million will qualify for a 3 percent fee, and those for more than $2 million will generate a 1 percent fee.
The maximum loan amount is $10 million. The loans are available to businesses with fewer than 500 employees.
“Speed is the operative word; applications for the emergency capital can begin as early as this week, with lenders using their own systems and processes to make these loans,” said Jovita Carranza, the S.B.A. administrator.
Yes, we’re streaming: 156 billion minutes of distraction.
The number of hours Americans are devoting to streaming shows and movies has skyrocketed in the weeks since much of the country was given stay-at-home orders, according to a new study released by Nielsen.
Total streaming viewership has gone up 35 percent in recent weeks, and the size of the audience is more than double what it was this time a year ago, Nielsen said.
Americans watched a total of 156 billions of minutes of streaming shows and movies on televisions during the week of March 16, according to Nielsen, which does not measure what people watch on phone screens or tablets. In a comparable week last year, Americans streamed 71 billions minutes. All of the major streaming services — Netflix, YouTube, Amazon, Hulu — had increases, the research firm said.
Netflix had the largest share of streaming minutes, with YouTube in second place. Netflix’s viewership has jumped 28 percent in the United States in the last few weeks, and the platform has many of the most-streamed shows, including originals like “Love is Blind” and standbys like “The Office.” The Netflix documentary series “Tiger King” was released March 20 and has been the No. 1 program on the platform in the United States for more than a week.
Much of television has had rating surges, including cable news and the evening news programs. But the streaming statistics are evidence that people are looking for distractions.
Garment factories in Bangladesh face ruin as orders from Western retailers are halted.
The empty shopping malls in Western cities are a testament to the crisis borne by global clothing and retail industries. But the impact reaches further, as the daily flow of thousands of orders placed by Western retailers to supplier factories in South Asia has slammed to a halt.
Fast fashion retailers rarely own the factories that supply them with their wares. Instead, the vast majority of garment and footwear orders are outsourced to suppliers in emerging markets like Bangladesh, where overhead is cheap and the cost of human labor is cheaper.
As orders dry up, factory owners face financial ruin, while the livelihoods of hundreds of thousands of garment workers hang in the balance.
The majority of suppliers are in countries that can be the most vulnerable to large global economic shocks, such as India, Myanmar, Cambodia and Bangladesh, the second-largest garment exporter nation after China.
The Fed tries to ease Treasury markets by making dollars available globally.
The Federal Reserve on Tuesday unveiled a new program that would let foreign central banks swap out their Treasury securities for dollars in short-term agreements.
The goal is to prevent foreign nations from selling Treasuries in a scramble to acquire dollars. By stopping fire sales, the effort could help to ease strains on the crucial market, which is the backbone of the broader financial system.
“They don’t want foreign central banks selling Treasuries into very illiquid markets,” said Gennadiy Goldberg, a market strategist at TD Securities.
The new program will allow foreign central banks with accounts at the Federal Reserve Bank of New York to enter into overnight repurchase agreements, swapping out security holdings for needed dollar funding.
The Fed has currency swap lines in place — through which foreign central banks can temporarily exchange their currencies for dollars — but they exist only with 14 counterparts. Now central banks with plentiful Treasury holdings but few ways to turn them into quick cash — including the People’s Bank of China — will be eligible to apply.
This new effort, available April 6, could widen that scope, allowing the Fed to funnel funding into economies where it lacks deep and longstanding relationships with its monetary policy counterparts. Because the agreements are backed by Treasuries, they will be very low-risk.
Catch up: Here’s what else is happening.
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Tyson Foods said it would pay approximately $60 million in bonuses to 116,000 front-line workers and truckers in the United States. Eligible employees will receive a $500 bonus, payable in the first week of July.
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JCPenney became the latest retailer to furlough many of its workers, saying on Tuesday that it was making the move to protect the “future of our company.” The retailer did not say exactly how many of its 90,000 workers would be furloughed, but said it would affect the majority of its store employees.
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The Conference Board’s measurement of consumer confidence fell sharply this month, according to figures released Tuesday. It was the steepest one-month drop since August 2011. The data was collected through March 19, before many of the job losses from the coronavirus outbreak hit.
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The Treasury Department called on distressed airlines to submit their applications to receive billions of dollars of coronavirus bailout money by Friday and to identify what they will offer in stock, warrants or other compensation to protect American taxpayers.
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Walmart said it would start providing masks and gloves to workers. The company will also begin taking the temperatures of employees as they show up to work at stores and distribution centers. Any employee with a temperature of 100 degrees or higher will be sent home and cannot return to work until they are fever free for at least three days.
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Ford Motor said Tuesday that it was indefinitely postponing the resumption of auto production in North America “to help protect its workers.” The announcement came five days after the company said it aimed to reopen a factory in Mexico on April 6 and some U.S. plants on April 14. Ford said it expected to start making a federally approved ventilator in cooperation with GE Healthcare at a plant in Ypsilanti, Mich., the week of April 20, with paid volunteers from the United Automobile Workers union.
Reporting was contributed by Natalie Kitroeff, Jessica Silver-Greenberg, Michael M. Grynbaum, Clifford Krauss, Carlos Tejada, Ben Casselman, Alan Rappeport, Michael Corkery, John Koblin, Elizabeth Paton, Niraj Chokshi, Raymond Zhong, Peter Eavis, Davey Alba, Sheera Frenkel, Kevin McKenna, Mohammed Hadi, Geneva Abdul, Jonah Bromwich, Kate Conger, Ernesto Londono and Daniel Victor.
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March Was Wall Street’s Worst Month Since 2008: Live Updates - The New York Times
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Tickets Waived As Denver Prepares For Street Sweeping On Wednesday - CBS Denver
(credit: CBS)
The move came after Denver, and subsequently the state, announced a stay at home order.
The city will not enforce street sweeping restrictions for the next 30 days.
If you park on the street and you are able to move your car in preparation for Denver’s street sweeping program, which begins April 1, please do. We understand this may be a difficult task so we will not enforce parking restrictions related to street sweeping for 30 days. pic.twitter.com/J3AwC03hZt
— City and County of Denver (@CityofDenver) March 31, 2020
Ordinarily, violators could risk a $50 ticket.
Here are the Denver parking changes effective March 17:
For Meters:
- Meter enforcement is suspended until Thursday, March 19 at 8 a.m. to recalibrate meters
- Starting Thursday, people can pay to park at meters for up to ten hours between 8 a.m. and 6 p.m.
- Parking is free at meters from 6 p.m. to 8 a.m.
- Time limits are lifted
For Non- Metered Parking (where time limits are posted):
- No changes to enforcement
- Denver will continue to enforce posted time limits in non- metered areas to support the turnover of parking spaces and adjacent business activity
72 Hour Parking Rule:
- On blocks free of posted time limits, you can park in one spot for more than 72 hours
- On blocks with residential parking program restrictions, residents/visitors with valid permits can
- Park their vehicle in one spot for more than 72 hours
City-managed Surface Parking Lots and Parking Garages Accessible to the general public:
- No changes
RELATED: Latest Updates On The Coronavirus Outbreak In Colorado
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Tickets Waived As Denver Prepares For Street Sweeping On Wednesday - CBS Denver
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Wall Street just had one of its worst quarters in history - NBCNews.com
Wall Street just ended one of the worst quarters in stock market history, with all three major averages reflecting the devastating economic impact of the pandemic that has ground global activity almost to a halt.
The Dow Jones Industrial Average was down by just over 400 points by the closing bell on Tuesday, a quarterly loss of 22 percent for the blue-chip index and its worst Q1 performance ever.
The S&P 500 ended the day lower by around 1.85 percent, its worst first quarter since 1938, while the tech-heavy Nasdaq closed down by just under 1 percent.
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The quarterly losses come despite a series of emergency actions from the Federal Reserve to bolster the economy and backstop credit flow for businesses and individuals, and a $2 trillion fiscal stimulus package meant to prop up small businesses and support big corporations in the fight against the large-scale damage inflicted by the coronavirus outbreak.
Investor sentiment was further dampened Tuesday by newly released consumer confidence data that reflected the nosedive in spending, but economists said the worst was yet to come.
“The consumer confidence survey was just before we got the really massive layoffs,” said Dan North, chief economist for North America at Euler Hermes. “Next month, it’s going to plummet.”
Traders remain nervous about additional incoming economic data, including this week's jobless claims, after last week's figures showed a staggering 3.28 million Americans had filed for unemployment, the highest on record. Friday's monthly jobs report from the Bureau of Labor Statistics is also expected to disappoint, though that data was collected prior to the heaviest impact from the viral outbreak.
Adding to investor woes is the collapse in oil prices brought on by the biggest plunge in demand in history, with flights slashed and lockdowns implemented in the majority of states. A price war between mega-producers Saudi Arabia and Russia pushed the price of a barrel of crude down to a level not seen since the Gulf War, in 1991. Oil was trading at just under $20 on Tuesday, closing out the quarter with its worst percentage decline in history, as crude inventory piles up.
President Donald Trump announced Sunday that he will extend his administration's guidelines on social distancing until April 30, to which markets responded positively. The U.S. is now the epicenter of the coronavirus pandemic, with the number of cases officially higher than China, where the outbreak originated.
Trump said he expects "great things to be happening" by June 1, saying he hoped to keep the number of fatalities below 100,000.
"So if we can hold that down, as we're saying, to 100,000, it's a horrible number, maybe even less, but to 100,000, so we have between 100 and 200,000, we all together have done a very good job," Trump said at a coronavirus task force briefing on Sunday.
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Wall Street just had one of its worst quarters in history - NBCNews.com
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Ex-State Street Blockchain Team Drops DLT From New Data-Privacy Startup - CoinDesk
A group of former State Street blockchain builders are now launching their own company – but with distributed ledgers playing only a minor role.
“We could have retrofitted Hyperledger or any other blockchain project to do the management of consumers' personally identifiable information, but it would have just added so much unnecessary burden on the platform that we felt that wasn't necessary,” Kohari, the firm’s CEO, said.
The Manetu team is not short on blockchain know-how, with its mix of ex-State Street DLT builders and Hyperledger maintainers: the CTO is Greg Haskins, former State Street senior vice president; Conor Allen, Manetu’s head of product, was previously State Street’s SVP of enterprise data; and chief scientist Binh Nguyen was managing director at the Boston-based custodian.
But when it comes to defining the best way to manage personally identifiable information (PII), Manetu is light on blockchain, opting for an agile blend of machine-learning algorithms and an encrypted “self-service portal” that’s connected to “target systems” like Oracle and Salesforce, where sensitive data is being maintained.
The team is looking to tackle business challenges spurred by a slew of tough data privacy rules, such as Europe’s General Data Privacy Regulation (GDPR) and the California Consumer Privacy Act (CCPA). Manetu is designed to ease the headache these strictures can cause for any firms that hold personal data about customers (Manetu said it is currently testing with a large U.S. bank).
“Privacy acts are being introduced across the planet: Canada, Australia, Japan,” said Kohari. “Any consumer can request what data a service provider holds on them and also request to edit that data, and revoke certain parts or all of that data.”
The existing big players in data privacy compliance mostly came out of the consulting space and have designed rather cumbersome solutions, Kohari said. Typically, this involves consumers filling out a request form that goes to a global privacy officer which is routed to individual business units and then back again.
“It’s a highly manual process and very onerous for the organization. On average, about 20 hours is spent on each request,” he said. “That might be manageable for 100 or so requests a month, but it simply does not scale going forward.”
The only part of Manetu’s system where an actual blockchain is useful is its “regulatory data vault,” which maintains certain data and allows it to be shared with regulators.
“The regulatory vault part of the solution is leveraging blockchain, but we didn’t need it for the core of the business,” said Kohari.
Disclosure Read More
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
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Apple Commits to Paying Contractors After Some Were Told They’d Lose Work - The Wall Street Journal
Apple curtailed work at its Silicon Valley campus amid the coronavirus outbreak.
Photo: Sam Hall/Bloomberg NewsHundreds of Apple Inc. contract workers at its Silicon Valley campus were told in recent days that their jobs would be suspended without pay as the tech giant curtails work at the offices amid the coronavirus outbreak. But on Monday, a company spokeswoman said Apple plans to pay the hourly workers.
The tech giant, which has more than $200 billion in cash and cash equivalents, has hundreds of contractors who work as janitors, bus drivers and perform other functions on its campus. Contractors representing about three-fourths of the unionized janitors began this weekend telling workers they would lose wages and health-care benefits, according to Denise Solis, SEIU-United Service Workers West, a union that represents about 11,000 janitors in Northern California.
Chief Executive Tim Cook had assured Apple employees in a March email that the company would continue to pay hourly workers even after closing its retail stores around the world. Mr. Cook didn’t specify whether Apple would pay hourly contract workers.
On Monday, in response to an inquiry from The Wall Street Journal, a spokeswoman said the janitors’ pay would continue. “We’re working with all of our suppliers to ensure hourly workers such as janitorial staff are being paid during this difficult time,” spokeswoman Kristin Huguet said after the Journal’s inquiry about the job elimination notices.
The unionized janitors make nearly $18 an hour plus about $10 in benefits, according to Ms. Solis. Collectively, that represents an estimated $35 million a year in total compensation for 600 workers. She said many of the workers had begun preparing to file for unemployment. On Monday night, janitorial contractors were still operating under the assumption their workers wouldn’t be paid, Ms. Solis said, but she was encouraged to hear that Apple had committed to paying them.
Silicon Valley companies such as Facebook Inc. and Google parent Alphabet Inc. have continued to pay hourly workers, including contractors such as janitors, said Ms. Solis. None have been under a misapprehension about whether they would be paid from any of the other companies, she said.
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“We were really taken aback,” Ms. Solis said, who said the janitorial contractors were told over the weekend by Apple that it wouldn’t continue to pay the workers.
Ms. Huguet, Apple’s spokeswoman, said she didn’t know why some contractors were told their jobs had been eliminated.
A janitor at Apple’s campus, Patricia Cortez, 38, said she was summoned to one of the company’s offices Sunday along with colleagues and told by her supervisor that her job had been eliminated and she wouldn’t be paid. The mother of four said the news was shocking and distressing.
She feared her family wouldn't have enough money to pay for food or bills without the income from Apple. “My whole livelihood depends on this job,” she said.
A similar situation has unfolded for unionized bus drivers who shuttled Apple workers to and from the company’s Cupertino campus. WeDriveU Inc. and Hallcon Corp., who manage shuttle service for Apple, this weekend notified the local Teamsters that about 100 drivers would be laid off over the next week because Apple hasn’t committed to paying those drivers, said Stacy Murphy, a Teamsters vice president.
“Apple was being nonresponsive about it, pushing it off,” Ms. Murphy said. She said the contractors bill Apple at the end of the month and were unwilling to risk paying staff without knowing Apple would reimburse them.
WeDriveU and Hallcon didn’t immediately respond to requests for comment.
Apple said it would continue to pay drivers and connected the Journal with its largest transportation provider, Lux Bus America. The bus company’s Chief Executive Matt Brown said Apple committed in mid-March to paying the wages of about 140 drivers, maintenance and operations employees.
“We’ve been told to bill this month and future months,” said Mr. Brown, while adding that he doesn’t communicate with other transportation providers and couldn’t comment on Apple’s communication with them.
The elimination of the janitorial and drivers jobs would have added to the economic pain being felt by small businesses across the U.S. A record 3.28 million Americans filed for unemployment during the week ended March 21 as millions of small businesses cut staff after restaurants, retailers and shops closed to comply with government efforts to curtail the virus. President Trump recently signed a roughly $2 trillion stimulus package into law to try to aid the hardest hit.
“A loss of any income is devastating for these workers,” Ms. Solis said. “They live paycheck to paycheck.”
Apple has said previously that it continues to pay its hourly workers who work directly for the company, including retail employees and cafeteria staff. But janitors, parking attendants and landscapers work for independent contractors the company has hired for hourly wages.
Another contractor for a different group of hourly workers said the company has been asking Apple for more than a week if it would fulfill its commitment to continue paying those workers after letting them go. An Apple executive continually said the company would get an answer soon but still hasn’t provided one.
The delay has made it difficult for the contractor to tell employees if they should file for unemployment or look for other work. It has created anxiety among those workers, the contractor said.
Ms. Huguet didn’t immediately have a comment but reiterated that the company plans to pay hourly workers.
Other large, resource-rich institutions have been criticized for cutting pay to hourly workers amid the coronavirus crisis. Harvard University, which has a $40 billion endowment, faced pressure from students and employees to pay its subcontracted hourly workers through the end of the semester, which the school last week committed to doing.
Write to Tripp Mickle at Tripp.Mickle@wsj.com
Copyright ©2019 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Apple Commits to Paying Contractors After Some Were Told They’d Lose Work - The Wall Street Journal
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Wall Street dips, on pace for worst quarter since 2008 - - KUSI
FILE – This July 16, 2013 file photo shows a street sign for Wall Street outside the New York Stock Exchange in New York. Stocks are opening slightly lower on Wall Street, Tuesday, March 31, 2020, as investors close out a brutal month of March. The S&P 500 is headed for its biggest quarterly decline since the last quarter of 2008.(AP Photo/Mark Lennihan, File)
NEW YORK (AP) — Stocks fell in early trading Tuesday, as Wall Street closes in on its worst quarterly performance since the most harrowing days of the 2008 financial crisis.
The S&P 500 dipped by less than 1% in the first few minutes of trading, extending its loss for the first three months of the year to more than 19%. Asian markets rose earlier in the day following a stronger-than-expected report on China’s economy, where factories are reopening as the spread of the coronavirus slows there. But momentum stalled in Europe, where the number of deaths jumped in Spain.
The surge of coronavirus cases around the world has sent markets tumbling by breathtaking degrees since mid-February, halting what had been a good start to the year. Markets rose early in the quarter with expectations that the economy was accelerating due to a calming trade wars and low interest rates around the world.
Benchmark U.S. crude oil has dropped by roughly two thirds this quarter and hit its lowest price since 2002, for example, while Germany’s DAX has lost a quarter of its value for its worst quarter in nearly 18 years.
The big question is if markets will get worse. At this point, no one knows.
The reason for the huge declines in stock markets from Japan to Germany to the U.S. is that economies around the world are grinding to near standstills as businesses close their doors and people hunker down at home in hopes of slowing the spread of the virus. A record number of Americans applied for jobless benefits two weeks ago as layoffs sweep the country, and the economy will likely be in dismal shape until the spread of the virus slows.
The hope is that massive aid coming from the Federal Reserve and Capitol Hill can help prop up the economy in the meantime. Goldman Sachs economists on Tuesday said they expect the U.S. economy to shrink 34% in the second quarter, but they expect growth to rebound in the third quarter.
The S&P 500 was down 0.7%, as of 9:45 a.m. Eastern time. The Dow Jones Industrial Average dipped 116 points, or 0.5%, to 22,210, and the Nasdaq was down 0.2%.
The number of known coronavirus cases keeps rising, and the worldwide tally has topped 780,000, according to Johns Hopkins University. The United States has the highest number in the world, more than 160,000.
Most people who contract COVID-19 have mild or moderate symptoms, which can include fever and cough. But for others, especially older adults and people with existing health problems, the virus can cause pneumonia and require hospitalization. More than 37,000 have died worldwide due to COVID-19, while more than 160,000 have recovered.
“We’re also still not even close to peak coronavirus in the U.S. which has already reported more cases than any other country and will sadly likely see a huge spike in the number of deaths, meaning further lockdown measures will likely follow,” said Craig Erlam, senior market analyst at OANDA Europe. “Huge challenges still lie ahead.”
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March 31, 2020 at 09:40PM
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Wall Street dips, on pace for worst quarter since 2008 - - KUSI
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Ann Arbor’s First Street to close until September for conversion to two-way traffic - MLive.com
ANN ARBOR, MI -- A stretch of downtown Ann Arbor’s First Street will close to traffic starting Wednesday for construction.
First Street is closing for the Downtown Development Authority’s First and Ashley Improvements Project, which includes adding a protected bike lane between Kingsley and William streets and converting the road into a two-way traffic street between Kingsley and Madison streets.
Ann Arbor’s First Street conversion to two-way traffic to begin next month
The closure will be from Huron to William streets until September, according to a news release from the city.
Southbound traffic will be rerouted eastbound on Huron Street, southbound on Fourth Avenue, westbound on William Street, back to First Street.
Pedestrian traffic will be maintained on one side of the street.
The project includes a similar transformation on Ashley Street, with work there slated to begin in 2021. Ann Arbor will share costs with the Downtown Development Authority.
Two-way traffic, bike lane project to begin this spring on First Street in Ann Arbor
The Downtown Development Authority will cover the protected bikeway, crosswalk enhancements, new street lights, stormwater improvements associated with the bikeway, streetscape improvements and 73% of the cost of the street resurfacing. Ann Arbor will pay for water main consolidation work, underground stormwater improvements, 27% of the resurfacing costs, 100% of the IT conduit and a traffic signal upgrade.
Ann Arbor will cover $2.4 million of the project, using the street, bridge and sidewalk millage, stormwater sewer system, water supply system, information technology service, major street funds.
The transformation is part of the Downtown Development Authority’s People-Friendly Streets project. The city’s first protected two-way bike lane launched in October 2019 on William Street, from State to First streets.
Ann Arbor bus system further reduces services amid coronavirus outbreak
Pedestrian bridge between Gallup Park, Mitchell Field closing for safety maintenance
Ann Arbor-Detroit express bus reduces services due to coronavirus outbreak
Ann Arbor-Saline Road intersection at Wagner Road to close for 3 months
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March 31, 2020 at 09:52PM
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Ann Arbor’s First Street to close until September for conversion to two-way traffic - MLive.com
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More Than $200000 in Street Repairs Scheduled For Coal City - wcsjnews.com
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More Than $200000 in Street Repairs Scheduled For Coal City wcsjnews.com"street" - Google News
March 31, 2020 at 10:33PM
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Stocks slide as Wall Street braces for worst quarter in decades - New York Post
US stocks slid Tuesday as the coronavirus pandemic put Wall Street on track to end its worst three-month period in decades.
The Dow Jones industrial average dropped as much as 191.02 points, or 0.8 percent, at the open after posting gains in four of the past five trading days. The blue-chip index was down 21.7 percent for the year through Monday, putting it on pace for its worst quarter since 1987 and its biggest first-quarter decline ever.
The S&P 500 index fell 0.8 percent in early trading and was down about 18.7 percent for the year as of Monday, indicating it will post its worst first quarter since 1938. The tech-focused Nasdaq was on track to finish its worst first quarter since 2008 as it dropped 0.6 percent after Tuesday’s opening bell.
Investors still face a rocky future given that the coronavirus has yet to peak in the US, where it has led to widespread business shutdowns and mass layoffs. But some experts say the worst of the selloff may be over as other countries start to overcome the disease and medical companies make progress toward a vaccine.
“The sentiment pendulum has swung between extremes over the past few months, placing investors on an emotional rollercoaster ride as monetary policy bazookas and handsome fiscal packages have struggled to lift global confidence,” FXTM senior research analyst Lukman Otunuga said.
Tuesday’s drop in stocks came as Goldman Sachs predicted the US economy would shrink by 34 percent on an annualized basis in the second quarter amid the coronavirus crisis. The bank also expects the unemployment rate to skyrocket to 15 percent by the middle of the year, up from 3.5 percent in February, according to Bloomberg.
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U.S. 131 closes for demolition of frequently hit 100th Street bridge - MLive.com
KENT COUNTY, MI – U.S. 131 is closed at 100th Street to replace a bridge that has been hit multiple times by over-height trucks.
The expressway is expected to be closed until 6 p.m. Thursday, April 2, for bridge demolition. Traffic will be routed onto the on and off ramps at 100th Street to continue on U.S. 131.
There will be no access to 100th Street, in southern Kent County, during that time.
The work is weather-dependent.
The 100th Street bridge over U.S. 131 will be closed until October, the Michigan Department of Transportation said.
The detour will be Clyde Park Avenue SW, 84th Street and South Division Avenue.
The $8.6 million rebuild comes after multiple trucks hit the bridge – at least eight trucks hit the bridge in 2018 alone. Beams were damaged during one of the crashes.
During bridge construction, traffic on U.S. 131 will be maintained with traffic shifts and lane closures. There will be periodic closures for beam setting as well as paving on U.S. 131.
Ramps will also be closed at times on an alternating basis. Highway traffic will be detoured at 142nd Avenue to the south and 84th Street to the north. The bridge, once complete, will have two lanes of traffic in each direction.
The bridge will have a height of 16 feet, 3 inches over the expressway. The bridge was 13 feet, 11 inches before pavement milling on the highway added 4 inches of clearance.
What police reports from several U.S. 131 bridge strikes show
Replacement plans unveiled for beleaguered bridge over U.S. 131 struck several times
Suspected flasher admits exposing himself for decades, police say
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March 31, 2020 at 06:49PM
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U.S. 131 closes for demolition of frequently hit 100th Street bridge - MLive.com
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More Than $200000 in Street Repairs Scheduled For Coal City - wcsjnews.com
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More Than $200000 in Street Repairs Scheduled For Coal City wcsjnews.com"street" - Google News
March 31, 2020 at 06:57PM
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Rekomendasi Kuliner Street Food Enak di Kota Medan - teraslampung
TERASLAMPUNG.COM — Jika kamu liburan ke Kota Medan, makanan street food bisa menjadi pilihan. Kamu yang memang berasal dari Medan pun juga mungkin belum mencoba semuanya. Dengan banyaknya rumah makan atau kafe yang menyuguhkan makanan dan minuman lezat, tentu wisata kuliner akan makin menarik. Supaya kamu mengerti rumah makan dan cafe mana saja yang harus kamu coba, simak daftarnya.
Makanan Street Food Medan Pilihan
Daftar rumah makan dan kafe di bawah ini sangatlah beragam. Mulai dari yang menawarkan menu receh hingga menu yang relatif mahal. Mulai dari snack hingga makan berat, semuanya ada.
1. Lontong Kak Lin
Apa menu sarapanmu selama di Medan? Daripada hanya menunggu jam makan di hotel saat ke Medan, mampir saja ke Lontong Kak Lin. Jajanan pinggir jalan kali ini menjual lontong yang rasanya berbeda dari lontong lainnya.
Lontong Kak Lin buka dari jam tujuh pagi sampai dua belas siang saja. Untuk lokasinya berada di Jalan Teuku Cik Di Tiro. Jangan khawatir soal budget, karena street food yang satu ini hanya dibanderol sekitar Rp10.000-an saja, lho.
2. Rujak Kolam Takana Juo
Kulineran di siang hari cocoknya mencicipi rujak segar khas Medan, yaitu di Rujak Kolam Takana Juo. Lokasinya berada di seberang Masjid Raya Medan.
Makanan jajanan pinggir jalan ini bisa kamu nikmati bersama rombongan wisatawan lain. Tentunya, makanan seenak ini akan terasa kurang saja jika dicicipi sendiri.
Dengan rasa yang sudah pasti lezat, harga rujak di jajanan pinggir jalan ini pun juga murah. Kamu dapat menikmatinya dengan hanya sekitar Rp18.000 saja tiap porsinya.
3. Kedai Kopi Apek
Penikmat kopi wajib mampir ke Kedai Kopi Apek selama di Medan. Kedai Kopi Apek sendiri berada di Jalan Hindu Nomor 110. Di Kedai Kopi Apek Anda bisa memesan roti bakar dan secangkir kopi O Sidikalang khas Medan.
Sudah ada sejak tahun 1923, Kedai kopi yang mungil ini selalu dipenuhi para penggemarnya, tidak hanya warga keturunan China tapi juga penduduk lokal.
4. Roti Tissue Martabak Gapa
Roti yang akan Anda temui di Jalan Perniagaan Nomor 15 ini sudah pasti berbeda dengan roti pada umumnya. Sepintas mirip dengan crepe, hidangan snack jalanan di Roti Tissue Martabak Gapa ini berupa kulit martabak yang disusun tinggi. Lalu, street food ini juga diberi topping susu kental manis dan keju.
Rasanya cukup lezat dan mengenyangkan untuk sekedar makanan penutup setelah berkulineran. Untuk memakannya Anda harus menghancurkan kerucut roti tersebut. Roti Tissue Martabak Gapa buka dari jam enam sore sampai jam dua belas malam. Untuk satu porsinya kamu harus merogoh kantong mulai dari Rp25.000.
5. Kari Bihun Tabona
Kari Bihun Tabona adalah street food selanjutnya yang cukup direkomendasikan di Medan. Buktikan sendiri kelezatan kari dengan bumbu khas Medan yang menggoda lidah dan siap membuat kamu rindu saat jauh dari Medan nanti. Catat jam buka dan lokasinya sebelum kamu berwisata kuliner di sini.
Rumah Makan Tabona berada di Jalan Mangkubumi Nomor 17, Medan Maimun, Kota Medan, dan buka dari jam setengah tujuh pagi sampai jam sebelas pagi saja. Karena bukanya cukup singkat, maka jika pagi sudah tiba persiapkan diri untuk sarapan di kulineran jajanan Medan ini. Untuk satu porsinya, kari bihun disini dijual sekitar Rp27.000 saja.
Itulah lima destinasi street food yang wajib kamu coba selama di Medan. Semuanya ada, mulai dari masakan lontong dengan bumbu khas Medan.
Ada juga kari bihun yang siap membuat kamu rindu Medan, hingga kedai kopi yang menyuguhkan kopi khas Medan, semuanya ada. Cek rekomendasi Restoran di Medan versi Traveloka lainnya di aplikasi. Buka Traveloka Eats sekarang juga untuk melihat rekomendasi paling update plus diskon menariknya.
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"street food" - Google Berita
March 31, 2020 at 08:19PM
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Rekomendasi Kuliner Street Food Enak di Kota Medan - teraslampung
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