Oregon Update April 14, 2020 & Federal CARES Act
At link and attached is the Legislative Policy and Research Office summary of the federal CARES Act. Unemployment Senator Boquist sent me this unemployment by sector chart which I found interesting: Main Street America MSA conducted an online survey last week to assess the impact of COVID-19. More than 5,850 small businesses responded to the […]
Oregon Covid-19 Update
Today Situation Status Report is attached… Though the overall numbers are increasing, our ratio of positive results still remains right around 5%. That’s much lower than the national average (still over 19%). I thought this was an interesting new piece: Figure 1. Reported signs and symptoms for all confirmed COVID‐ 19 cases (n=1099) Rapid testing is […]
Amazon Delivers on COVID Demand, but Issues Linger
www.fdreports.com – www.creditntell.com As part of our ongoing coverage of COVID-19, the following Special Analysis examines how the coronavirus has affected Amazon, its sellers, and the U.S. consumer. Prioritization of essentials and medical merchandise is dragging deliveries of other more discretionary Prime orders by as much as a month. The businesses of third party sellers […]
Legal Considerations in Excusing Contractual Performance Due to Coronavirus
By Richard A. Walawender, Principle, Corporate Group Co-Leader, Miller Canfield Many commentators have assumed that a party to a contract will be excused from performance if the coronavirus outbreak causes its inability to perform. But in order to be sure this would apply in a particular supply contract for the sale of goods, several factors […]
President’s Message – Covid-19
Dear NACM CS Members, We’re experiencing an extraordinary moment in our country and around the world – an instance where day-to-day activities and routines, both within our personal and professional lives, have been shuttered and extremely altered. What has become strikingly apparent, is the current situation with COVID-19 is fluid and information is changing by […]
What’s an Analyst to Do? Use an Economic Dartboard.
Written by: Keith Prather, Managing Director, Armada Corporate Intelligence It is far too easy to say that these are “unprecedented times simply” and “we’ve never seen this before.” Depending on what economic or societal metrics one looks at, we can point to any number of major ‘catastrophic’ times in the country’s history and make an […]
Why CFDD?? The Importance of CFDD Membership … Perspective from a 30-year member
By Brett Hanft, CBA, American Int’l Forest Prod LLC, CFDD National Chairman The Credit and Financial Development Division (CFDD) is an organization dedicated to providing its membership with a focus on continuing education, networking, and leadership growth for credit and finance professionals. As a member of the CFDD Portland Chapter for 31 years, I can […]
Why Should My Company Report Its Credit Information?
ON-TIME. SLOW PAY. DELINQUENT. With the ups and downs of the economy, we never know what may be coming next. Data Contribution allows NACM members to work together to manage risk. When companies report, whether times are good or bad, it helps everyone make better credit decisions. We invite you to begin sharing your firm’s […]
President’s Message – Winter Wonderland
January is always a good producer of a Winter Wonderland up in the Inland Northwest! I’m nestled in with a hot cup of tea and looking out the window to an accumulation of more than a foot of snow. Outside of the constant shoveling, frozen outside hoses, and driving challenges, the blanket of snow leaves […]
Score Two Touchdowns for Chapter 11 Preference Defendants
Written By: David Conaway, Partner, Shumaker Attorneys at Law The “Small Business Reorganization Act of 2019” (SBRA) signed into law on August 23, 2019 contains two amendments to Chapter 11 preference laws, which are NOT limited to small business reorganizations. 1 – Debtors’ Burden of Proof. As creditors who have been on the wrong end […]