Coronavirus forces Texas-based Luby’s restaurant chain to liquidate

Andreas Milano

Luby’s Inc., the Texas-based parent company of Luby’s Cafeteria and Fuddruckers restaurants, is ready to throw in the towel and sell off its assets in the wake of the coronavirus pandemic’s decimation of the industry.

“The novel coronavirus disease pandemic has had a significant impact on our level of operations, guest behavior, guest traffic, and the number of locations where we and our Fuddruckers franchisees operate,” the company wrote in new Securities and Exchange Commission filings.

“Liquidation is imminent,” according to the filings, and the company

Read More

Woman Charged With Scheme To Illegally Obtain Millions In Covid Relief Loans

Andreas Milano

Federal law enforcement officials arrested an Oakland woman Friday for her alleged role in a scheme to illegally obtain some $4.5 million in federal relief loans.

According to the federal criminal complaint filed by the U.S. Attorney’s office, Christina Burden, 31, is charged with one count of bank fraud after she applied for and received a $684,375 loan last June from the Paycheck Protection Program for her shell company “Blessing Box Co. LLC.”

Between April and June 2020, Burden allegedly submitted nine other fraudulent applications to the PPP, which was established last March to help businesses keep their employees on

Read More

Life Insurance Industry Says Americans Underinsured

Andreas Milano

Many Americans do not have nearly enough life insurance to support their families’ needs. In fact, about 44% of families say they would face financial hardship in six months if the primary wage earner were to die, noted David Levenson, president and CEO of LL Global, in a recent video presentation. Now, a group of life insurance organizations is aiming to change that.

  

KEY TAKEAWAYS

Key Takeaways

  • A new life insurance industry initiative is aiming to make sure Americans are adequately insured.
  • Currently, about 60 million American households are either underinsured or uninsured, industry experts say.
  • Only 54%
Read More

UK finance should ignore threat from EU, Barclays boss says

Andreas Milano

The City of London should ignore the post-Brexit threat posed by the EU and focus instead on competing with major financial centres in New York and Singapore, the boss of Barclays has said. 



Jes Staley looking at the camera: Jes Staley 


© Provided by The Telegraph
Jes Staley 

Jes Staley, a former Wall Street banker, said the UK’s departure from the EU would most likely be “on the positive side” for the City but its focus should now be international.

“What London needs to be focused on is not Frankfurt or not Paris, it needs to be focused on New York and Singapore,” he said on BBC Radio

Read More

IDrive Releases ZipDrive – a Personal Edge Cloud for Unlimited Secure File Streaming

Andreas Milano

LOS ANGELES, Feb. 4, 2021 /PRNewswire/ — IDrive Online Backup has launched ZipDrive, enabling users to create their own personal edge cloud that lets them stream, access, edit, play, and share files from wherever they are.

With ZipDrive installed, users can easily set up a personal cloud with data residing only on their computers, without having to move data to a third-party service. These files can be streamed from anywhere, appearing as is with the entire file-folder structure entirely intact.

ZipDrive is the ideal solution for anybody who has a need for a file access or file sharing

Read More

The Country Needs To Do Much More About Unemployment

Andreas Milano

People out of work. It’s become a regular topic and, therefore, something most people begin to tune out. Other than those affected, labor economics, economics journalists, and some organizations that

Read More