Why a recession can be a good time to start a business

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What do General Motors, Burger King, CNN, Uber and Airbnb all have in common?

The were all founded during economic downturns.

GM launched in 1908, when the US economy was in turmoil after “the Panic of 1907” financial crisis. Meanwhile, Burger King flipped its first patty in 1953, when the US was again in recession, and CNN started its news broadcasts in 1980, when US inflation hit almost 15%.

For both Uber and Airbnb, they set up business during the global financial crisis of 2007-09.

These examples show that many of the best, and longest-lasting, companies are set up during downturns, according to Dane Strangler, a fellow at the Bipartisan Policy Centre, in Washington DC. He says that the difficult economic backdrop makes them both tougher and more nimble for years to come.

Airbnb launched in August 2008

“There’s this trial by fire idea,” he says. “If you get

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What Is a Living Will and What to Know About Writing One | Family Finance

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Creating a living will is a task that’s often neglected on a financial to-do list — but it shouldn’t be.

One reason it’s neglected is that plenty of people don’t know what a living will is — or they know but understandably aren’t interested in thinking about end-of-life issues. According to a 2020 survey of 2,400 Americans from the caregiving website Caring.com, only 6% of people have a living will.

So if you’re wondering what a living will is — and whether you need one — we’ll try to get you up to speed.

[Read: How Living Longer Will Impact Your Retirement.]

What Is a Living Will?

A living will is a legal document, also known as an advance health care directive, that details how you want to be cared for if something unexpectedly impacts your health and you wind up on life support. A living will also forces

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Old-School Money Advice You Shouldn’t Follow Anymore

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If you don’t know much about money, you don’t have to look far for advice. You can always learn from personal finance articles, books and videos or from money-savvy friends and family.

Although there’s no short supply of guidance, money rules can shift over time. For that matter, some old-school advice should be taken with a grain of salt. Here’s what the experts said is some of the worst money advice.

Last updated: June 17, 2020

Pay Off Your Mortgage Early

Most people need a mortgage to purchase a home. However, financing a house entails paying thousands of dollars in interest. To reduce interest charges, some borrowers come up with a plan to pay off their mortgages early by making extra payments.

This advice isn’t bad in itself, but according to Paul Moyer, the founder of SavingFreak.com, this advice doesn’t make the same financial sense in our current low-interest environment

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Going to a Protest? Here’s How to Protect Your Digital Privacy

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George Floyd’s killing at the hands of Minneapolis police—the latest in a grim drumbeat of similar deaths over many years—has sparked worldwide protests denouncing racism and law enforcement’s abuse of power.

Floyd’s May 25 death may have gone largely unnoticed had it not been recorded by multiple smartphone-wielding bystanders, whose footage forced America to finally reckon with the dangers Black Americans unjustly face simply when leaving their house. And as police departments across the United States have responded to largely peaceful protests with disproportionate violence, smartphone footage has provided crucial evidence refuting official descriptions of harrowing events.

Even as protesters turn to their smartphones as a means to record their experiences on the ground, those same devices can be used against them. Law enforcement groups have digital surveillance tools, like fake cell phone towers and facial recognition technology, that can be used to identify protestors and monitor their movements and

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How the Coronavirus Crisis is Opening the Door to Universal Social Policies in the U.S.

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The coronavirus crisis has laid bare the health, social, and economic inequalities that have been growing in the United States for decades. The pandemic is killing Black Americans at over twice the rate of white Americans, Black women are experiencing some of the largest losses in employment, and child hunger among working class communities continues to grow. Together with the protests against racial injustice, this moment of upheaval is leading to calls across the U.S. for structural reforms to the social and economic systems in our country.

What do people want these reforms to look like? Our research shows broad and building support for expansions of the social safety net across the U.S.—policies that would keep people safe by ensuring that basic needs can be met. In national surveys we conducted with thousands of Americans across the political spectrum, there are now levels of support for these programs that would

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3 Growth Tech Stocks to Buy Now Despite Coronavirus Reopening Nerves

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Volatility seems to have made a bit of a comeback recently and we are only a week removed from the Dow’s worst day since March. Nonetheless, there seem to be reasons to believe that the market’s rally from its March 23 lows could continue, as economies around the world shake off the rust from their coronavirus lockdowns.

May U.S. retail sales surged 18% from April to crush estimates and help showcase that the pandemic’s worst economic days are most likely behind us. Meanwhile, the Fed continues to provide as much support to the market as it can, and there are new reports that the Trump administration is considering a $1 trillion infrastructure spending plan.

That said, the headlines about spikes in coronavirus cases are likely to remain constant as economies around the world reopen. Investors should remember that there was always going to be an increase in reported cases when

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These products won’t protect you from coronavirus. But they will make you laugh

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The COVID-19 pandemic is a crisis of the unknown. Our understanding of the disease and the best ways to fight it seem to change from week to week. This murky information environment creates opportunities for entrepreneurs offering the promise, if not always the reality, of safety.

You can find many of those entrepreneurs on crowdfunding sitessuch as Kickstarter and Indiegogo, where catchy-sounding ideas can go viral on the basis of nothing more than a demo video, raising millions of dollars from would-be customers eager to be first in line.

Right now, if you’re so inclined,, you can throw your cash at a mask that only covers your nose, or a wearable plastic bubble, or a keychain to touch elevator buttons for you.

But would you actually be backing something made of science, or just something science-flavored?

We rounded up some of the most questionable innovations and presented them to Paula

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New York firm helps small businesses emerge from the COVID-19 crisis

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Jessica Larios’ baby arrived a few weeks before her due date at the end of February.

The owner of Bella’s Event – an event planning business in Yonkers, New York, specializing in rentals and sales of all things party-related from wedding gowns to quinceañera dresses, table linens and party supplies – Larios could not afford to take time off during one of the busiest months for bookings.

In a haze of feedings and caring for the baby, Larios plowed through her work. Less than a month later, things ground to a halt as the coronavirus pandemic took hold – and cancellations poured in.

Jessica Larios owns Bella’s Events, which specializes in rentals and sales of everything party-related, such as quinceanera dresses, in Yonkers, N.Y. The Acceleration Project, a nonprofit consulting firm, helped Larios navigate the loans process and adapt her business by moving it online.

“I was so worried

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France wants its tourists back

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Diners at a cafe in Paris this week
Diners at a cafe in Paris this week

As chief executive of Europe’s largest car rental group, Caroline Parot is well placed to assess the levels of support that governments are providing for businesses struggling to recover from the coronavirus pandemic.

“At Europcar, we lost most of our customers, both leisure and business travellers,” she says from its Paris headquarters. “Getting back up to speed is very slow. For us, the lifting of the lockdown doesn’t mean the crisis is over – it’s going to last for two or three years.”

Europcar has just over a quarter of the European car rental market, with operations in the UK, France, Germany, Italy and Spain. The group normally buys 400,000 new cars a year, but has cancelled all orders. France is ploughing €8bn (£7.1 bn) into a rescue plan for its car industry, but Renault is cutting 15,000 jobs worldwide.

Europcar has

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Opposition accuses Trudeau of leading like ‘rule of a king’, PM invests $500M in AI virus research

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Yahoo News Canada is committed to providing our readers with the most accurate and recent information on all things coronavirus. We know things change quickly, including some possible information in this story. For the latest on COVID-19, we encourage our readers to consult online resources like Canada’s public health website, World Health Organization, as well as our own Yahoo Canada homepage.

As cases of COVID-19 continue to spread around the world, Canadians seem to be increasingly concerned about their health and safety

Currently, there are more than 99,000 confirmed coronavirus cases in Canada and more than 8,200 deaths.

Check back for the latest updates on the coronavirus outbreak in Canada.

For a full archive of the first month of the pandemic, please check our archive of events.

June 17

2:30 p.m.: ‘We need to work together’

Three months after Ontario initially declared a state of emergency, Premier

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