By 

Juan Sebastian Perez 

The economic crisis is different from the one in 2008 because we have not experienced a public-health crisis. The country needs to shut down the economy like we have seen in European countries, so people can stay at home and the number of the amount of people that get infected is regulated.

A business saying, if you don’t pay me off, I’m going to fire all my workers and shut the economy down. In this situation that the whole economic world is going through, the economy needs to be shut down because that is the way to slow down the spreading of the virus.

There are 3 aspects of how the taxpayers’ money should be used during the pandemic that the members of the government need to be aware of. First, provide income support to people in need giving them subsidies. Second, provide healthcare support. And third, provide equipment such as ventilators and mask for hospitales 

I think that the biggest asset and most important one that every country has is the amount of doctors they have available to work. New York is a great example because they came out with a great suggestion of using all the college seniors that are in the medical field to increase the amount of people that can be treated.

Experts say that the real danger is not that stocks continue to drop, we are going into an inevitable long recession. Businesses would still have their capital, their equipment, their installations, and if everything turns out well they will have the same workers. It will be worth the same that was worth before the pandemic after we pass through this economic crisis.

In my opinion, i think that companies should use their money to help their employees. No company would lose or close if the take the right decision, that is what the bankruptcy code is for. There are oway to trickle down economics but as a result it would affect people that lost their jobs and desperately need help. Don’t bail out workers.

Reference:

https://www.bloomberg.com/news/articles/2020-03-27/robert-reich-says-there-is-no-reason-to-bail-out-big-companies

By 

Juan Sebastian Perez 

Published:

January 15,2020

Leaders have difficulties to maintain the progression of their businesses. They are looking for a unique solution to resolve all of their problems.  The issue is that a company will always encounter new problems on a daily basis. The difference between a flourishing company and a company with no growth is that great leaders have a process in order to respond accordingly to the issues. Adam Bornstein, in the trade magazine,Entrepreneur, explains these four steps. First, you need to evaluate your enterprise. Leaders need to focus on their main objectives instead of their appearance and their image. With their team, they  need to concentrate on their strategies in order to complete their goals. If the objectives are accomplished, the image of the company and the leader will be positive because your company will be in a better shape. The second step is to know your weaknesses and your strengths. Naturally, bosses tend to focus on how they can turn their weaknesses into strengths but Adam Bornstein thinks differently. In fact, he is explaining in the article that leaders should get their attention first in what they are doing well and improve it. It depends on how these weaknesses affect your growth but if they are not impacting your business financially or timely, it can pass second.Most of the time,  it is your loyal clientele who will hold the keys to your future growth. After, you are getting better at what you are doing good, you can focus on your weaknesses. Lastly, you should take risks. In fact, when you are making moves safely all the time your potential to grow will be slower and you can still fail!Therefore, as long as you are financially aware of what you are doing and you do a back-up plan, you can take bigger risks. It is like poker, riskier you play and higher is your chance to have an exponential growth.  

By

Juan Sebastian Perez

Published: 

March 1st, 2020

Pete Mento, the vice president of Global Trade magazine gave some information about the international trade based on the different events which occur around the world and how companies prepare for these repercussions. Global trade is defined as the flux of goods and services across the world. The import and export around the world are affected because of different factors. For example, the sudden respiratory syndrome(SARS) in China in 2003 cost the global economy around 40 billion dollars. Recently, a new virus has affected the international supply chain. In fact, a virus from China called the coronavirus spread worldwide and killed more than 2,700 people. One of the main reasons this virus spread worldwide is because of the chinese Lunar New Year holiday. Between early January and mid-February, millions of chinese come to China to visit relatives for this event. This epidemic could cause many negative issues beginning with the economic aspect. China is a central manufacturing hub of many global business operations. Therefore, any instability in the chinese supply chain will affect the chinese economy but also the global economy. Another factor of this epidemic is the contract between China and the United States about the 200 billions dollars deals of sales by Donald Trump. This epidemic potentially impedes the deal by dragging on the supply chain. 

Companies are anticipating the consequences. Firms put in place what are called disaster recovery plans. For the coronavirus case, the companies are making sure that they have other suppliers, other labor production. Consequently, a war for the new best place to produce between Malaysia,Indonesia  and Indonesia opened. The coronavirus impact the health world’s population, as well as the economy.

Amazon sent an email to its employees to inform them that one of their employees had been tested positive for coronavirus.

The company confirmed that the employee works in Seattle  and went home sick on February 25. They are not the first employees of the company ecommerce to test positive for the virus, after two people in Italy, and the company has already limited travel plans and has withdrawn from events like GDC.

The location of Amazon’s headquarters made it more likely to be one of the first large companies with a confirmed case in the U.S. With the nine confirmed deaths by COVID-19 in Washington. In a statement, an Amazon spokesperson said «We are supporting the affected employee who is in quarantine».

I personally want to see how this new virus is going to affect U.S economy and how the country is going to react to it.

Dr. Myrna L. Fischman received a Special Award for 40 Years of Service to the Volunteer Income Tax Assistance Program from the Internal Revenue Service. Backed by more than 60 years of professional experience, Dr. Fischman serves as the director of the Center for Accounting & Tax Education, the director of the School of Professional Accountancy and a professor of accounting taxation and law at Long Island University. Since 1960, she has also excelled as a self-employed accountant in New York. Prior to her current position at Long Island University, she worked for the aforementioned university as a coordinator for graduate capstone courses from 1982 to 1986 and an adviser and a professor between 1970 and 1979.

Dr. Fischman became an expertise as a community fellowship coordinator and the Chief Accountant Investigator (CAI) for the Queens District Attorney’s Office. She’s also an accounting instructor at Manhattan Community College and the vice adviser at Center Commercial High School. Dr. Fischman created a new business machine project and curriculum at Manhattan Community College, she introduced the Volunteer Income Tax Assistance IRS program at Long Island University.

Devoted to her community, Dr. Fischman contributes to those in need through the business education and the accounting department advisory board at the Manhattan Community College. Dr. Fischman dedicated her free time to the Brooklyn Chamber of Commerce, Astoria Medical Center, the New York County Democratic Committee, Young Democrats of America, and the Institute for the Advancement of Criminal Justice, among other organizations.  Dr. Fischman intends to continue parlaying her knowledge to others at Long Island University and Bernard Baruch College.

Dr. Myrna L. Fischman