Bank of America Private Bank
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Join Carl Tannenbaum, Chief Economist, Northern Trust; and Jim McDonald, Chief Investment Strategist, Northern Trust, to hear the latest outlook for the economy and capital markets amid continued fallout from the COVID-19 pandemic. May 19th, 11 a.m. (ET).
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Given the ongoing health crisis and our commitment to protecting the health and safety of our stakeholders, Reinventing Our Communities (ROC): Equity InSight will no longer be hosted on May 27–29. We value the importance of this critical dialogue and thank you for your efforts to promote the event through your network. As communities are coping with the evolving economic fallout of this health crisis, the Philadelphia Fed will continue to emphasize these crucial conversations through a new series, ROC Local. Equity will be a critical component in the response to, and recovery from, COVID-19 and we will be sharing informational resources and content under the ROC Local theme in the coming months.
The first ROC local event will be a webinar on Thursday, May 28 from 3:00 p.m.–4:15 p.m. EST. During Reinventing Our Communities: Planning for Equity in Recovery – Lessons We’re Learning from COVID-19, leading experts Raghuram G. Rajan, Heather Boushey, and Andre Perry will share how local communities can advance policies and programs that promote equity in recovery. Find more and register now on the Federal Reserve System’s Connecting Communities website.
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During the latter part of the first quarter many states locked down large segments of their economies to slow the spread of the COVID-19 virus. Thankfully, those efforts were extremely helpful, with the loss of life in the United States to-date coming in much lower than the most dire predictions. With new cases tailing off in parts of the country, many states are now taking steps to reopen for business –if only in phases and with added precautions. As the economy starts to inch its way back to normal, this raises two very real and interrelated questions, both of which should at least begin to be answered within the next few weeks.
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Jenifer Jurden is a Cartoonist from Wilmington who has graciously provided her COVID line of cartoons in the DBA Digest. Jurdy® is her other-worldly "Hero of Happyness" whose cartoons bring levity to humans worldwide.
The FDIC, the OCC, the Federal Reserve, and other agencies have created webpages to provide banks and the public with updates on the COVID-19 situation.
Federal Reserve's COVID-19 Page
Treasury Department - Assistance for Small Businesses
ABA Pandemic Response and Business Continuity Resources
On May 15, 2020, Daniel Hayward will take part in the 32nd Annual RPTE National CLE Conference Virtual Experience as a speaker on the panel titled, “Mom Liked Me Better and She Will Prove It: Pre-Mortem Validation – Permanent Solution or Fad.” The panel will discuss pre-mortem validation and pre-mortem probate statutes and will explain what makes pre-mortem validation so important when it comes to defending estate plans in the event an estate plan is contested.
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On May 8, the Office of the Inspector General (OIG) of the Small Business Administration (SBA) issued a report summarizing its review of the SBA’s implementation of the Paycheck Protection Program (PPP). The PPP provides guaranteed loans to certain businesses, individuals, and organizations as a lifeline in the wake of the coronavirus pandemic and outlines provisions for lending and forgiveness of these loans. In its report, the OIG concluded that although the SBA’s interim rules for implementing the PPP are “mostly aligned” with key provisions of Section 1102 of the CARES Act, which created the program, the SBA’s administration of the PPP has fallen short in four key areas: Prioritizing underserved and rural markets; Loan proceeds eligible for forgiveness; Guidance on loan deferments; and, Registration of loans. Read the full article by Jeremy Tomes, Associate, Troutman Sanders; Mark Dabertin, Special Counsel, Pepper Hamilton; James Stevens, Partner, Troutman Sanders; and, Richard Eckman, Of Counsel, Pepper Hamilton, via the link below.
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Jennifer Penberthy Buckley has been elected secretary of the Delaware State Bar Association's Labor & Employment Law Section for 2020–2021. The section provides information, support and guidance to practitioners of labor and employment law from both the employee/union perspective and the management/employer perspective, with a particular focus on providing regular updates on developments in labor and employment law. Buckley is an associate in Potter Anderson’s Litigation Group. Her practice focuses on employment counseling and litigation.
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Loan Specialist (Gen) (Supersedes previous announcement, EXC-20-065-PDC-10753859, to amend duty location)
GS-1165-09/11; Full time (Temp)
Office of Disaster Assistance (ODA) https://www.usajobs.gov/GetJob/ViewDetails/563879000
Loan Assistant
GS-1165-05/07
Full time (Temp) Office of Disaster Assistance (ODA) https://www.usajobs.gov/GetJob/ViewDetails/563394500
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