A federal briefing note says more than a quarter of Atlantic businesses that get federal subsidies fail within five years. “The business survival rate for Agency-assisted startups is 73 percent,” said the federal briefing note “Atlantic Canada Opportunities Agency” (ACOA). However, it goes on to say the survival rate for businesses that did not get taxpayers’…
Desperate Times
When I recently opened a book of meditations given me by a friend, this line jumped at me from the page: “Desperation is better than despair.” At first, this comparison confused me, as both desperation and despair seem synonyms for hopelessness. But as I thought it over, the distinction between the two became clear to…
US Government Scrambling to Find Solution to Rescue First Republic Bank
U.S. regulators asked large banks to submit their takeover bids for First Republic Bank (NYSE: FRC) over the weekend, in an effort to rescue the troubled bank. The Federal Deposit Insurance Corp. (FDIC) reportedly held an auction, asking multiple banks to solicit bids for FRC before an afternoon deadline on April 30. As of press time, no…
IN-DEPTH: First Republic Bank Fights for Survival
San Francisco-based First Republic Bank is fighting for survival, with its shares staging a sharp relief rally early Thursday morning, though some of it faded in later trading as investors consider what’s next for the beleaguered bank. Shares of First Republic popped nearly 20 percent in volatile trading on Thursday morning following a sharp selloff…
3 Ways to Become More Resilient to Failure
Failure may be an inevitable part of life, but that doesn’t make it any less painful when it does happen. It can be particularly hard facing setbacks in your 20s and 30s, since this is the first time many people experience major “failures”—from not doing well in college or missing out on a desired job….
EU Edges Closer to Ending ‘Too-Big-to-Fail’ Banks by 2024
LONDON—The European Union’s body for dismantling failed banks said on Wednesday it would ratchet up pressure on lenders over the coming months to bolster their defenses so that none remain “too big to fail” by January 2024. The Single Resolution Board (SRB), in its first “heat map” on progress in preventing failing banks from needing…
3 Leadership Secrets Every Successful Startup CEO Knows
By Lion Shirdan Startups embody a nuanced and mostly unexplored aspect of organizational performance. A promising business venture meets a typically young yet fervent workforce, resulting in the intersection of entrepreneurship, and the demand for strong leadership. But startup teams require more precise leadership characteristics of their management than those of established corporations, as they…
How To Overcome The Fear Of Failure
Many people are afraid of trying new things because they are afraid that they may fail. This can prevent the person from learning new and exciting things in their life. As a result, here are eight tips on how to manage the fear of not making it. Learn to take things one step at a…
US Steps up Probe Into Hyundai-Kia Engine Failures and Fires
DETROIT—U.S. auto safety regulators have stepped up a series of investigations into engine fires that have plagued Hyundai and Kia vehicles for more than six years. The National Highway Traffic Safety Administration says a new engineering analysis investigation covers more than 3 million vehicles from the 2011 through 2016 model years. The agency has received…
NHTSA in Talks With Tesla Over Reports of Autopilot Camera Failure
Tesla Inc. and the U.S. National Highway Traffic Safety Administration are in discussions to replace cameras in some vehicles made by the Elon Musk-led company. What Happened: The federal vehicle safety agency said it is aware of an issue related to faulty Autopilot cameras in some U.S.-made vehicles, reported CNBC. NHTSA said it is “monitoring…
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