FEI Weekly

May 29, 2020

PPP Flexibility Act heads to Senate and COVID-19 drives new non-GAAP metrics.

COVID-19 Driving New Non-GAAP Metrics

Market Watch

"Like great race cars, great standards really aren’t developed in the boardroom. They’re developed in the field, on the test course, with continuous input from the person in the driver’s seat. In other words, you. And it requires a process that considers a broad range of views, out of which we forge the best product possible: a cost-effective standard that produces information investors need and use.”

Will Remote Work Drive People to Up-And-Coming Cities?

Axios

A redistribution of sought-after knowledge workers beyond the biggest five to 10 cities will go a long way in lifting up regions that have been left behind. It could also help reverse a decade-long brain drain from Heartland region cities like Kansas City and St. Louis, as well as post-industrial cities like Pittsburgh and Detroit.

PPP Flexibility Act Heads to Senate

Fox Business

The Paycheck Protection Program (PPP) Flexibility Act of 2020, passed yesterday, extends the time to use the loan from eight weeks to 24 weeks and gives businesses more time to pay back loans beyond the initial two-year term. The bill eliminates the cumbersome 75/25 restrictions that forced businesses to spend 75% of their loans on payroll and only 25% on other operating expenses like rent and utilities. The formula changes to 60/40%.

Mothers Are Paying Heavy Price for Quarantine

UCL

Researchers from UCL Institute of Education (IOE) and the Institute for Fiscal Studies found that mothers are more likely than fathers to have left paid work since February and among mothers and fathers who are still in paid work, mothers have seen a bigger proportional reduction in hours of work than fathers. The team also found that among those doing paid work at home, mothers are more likely than fathers to be spending their work hours simultaneously trying to care for children.

The Many Benefits of Peer Forums

RHR

While it will inevitably feel lonely at the top, and at times exhausting and all-consuming, leaders who surround themselves with wise fellow travelers who are navigating the same path are never truly alone. Whether organic and informal or curated and professionally facilitated, these small networks, which are typically capped at 10–12 members, offer several benefits and can serve as a safe space to develop self-awareness, gain a greater appreciation of one’s strengths, and explore gaps and blind spots.