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Opinion: How we can avoid the next health care supply shortage — essential generic medicines
Phlow Corp. co-founders, VCU dean discuss prescription drug shortage solutions
Amid the COVID-19 crisis, America is witnessing something many of us once thought impossible: critical shortages of health care supplies. Doctors are devising ways to make one ventilator serve two patients, and citizens are sewing protective masks for donation to local hospitals. While this kind of American resourcefulness is uplifting, it is a situation that
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A shining light
Published
Welcome to the 2020 Virginia Maritime Guide! This annual publication is distributed to business readers statewide. It highlights the important contributions made by the maritime, distribution center and logistics industries to the economy of Virginia. It also serves as a valuable resource, including information on the companies and organizations serving these industries. Over the past
Setting the rules of the game
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In mid-March, Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, and two weeks later, on April 3, the Steven Mnuchin-led U.S. Department of Treasury finalized its plan to provide emergency loans to small businesses. This extraordinary action signaled a dramatic break from contemporary politics. The presumed correlation between capitalism and democracy was
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COVID-19: Y2K or Walking Dead?
Published
A hungover partier wakes up amid the flotsam of the previous night’s New Year’s Eve bash, dons his Nikes and heads into the streets for a jog. It’s Saturday morning, Jan. 1, 2000. He’s in the zone, totally oblivious to the chaos erupting around him, ranging from armed troops marching the streets to cash-spitting ATMs
Gov. Northam, sign the Virginia Values Act
Businesses are counting on governor to sign LGBTQ rights legislation, writes president of Witeck Communications.
Published
As a business leader, I’ve seen firsthand how treating people with respect, dignity and fairness is a key to success. And as a lifelong Virginian, I know that achieving equality for all in the commonwealth has had a troubled history. That’s why I was personally moved to know our lawmakers passed the Virginia Values Act.
As COVID-19 crisis continues, SBA is saving small businesses
Federal government should increase emergency business loan amounts to $10 million, reduce interest rate
Published
With the world economy in crisis, Congress and President Donald Trump are working at breakneck speed to pass a massive stimulus package. This package is necessary to restore jobs and to stop unemployment from reaching 20%. Lawmakers aren’t alone in taking action to stave off coronavirus-induced economic disaster. The Small Business Administration (SBA) has issued
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Continuing our mission to bring you timely business intelligence during a global crisis
Published
During the COVID-19 pandemic, Virginia Business continues to gather the most timely and informative news each day, disseminating it through our daily e-newsletter, as well as breaking news alerts. Our upcoming April issue, which will be available both in print and online, will include a cover story special report on the coronavirus crisis. Although news
Rethinking big
Published
Once upon a time, I worked for a big company. Not for a short time, but a decades-long time. Somewhat unfortunately, I remember those years perhaps too well. Thousands of employees, rules, policies, a big human resources department, politics and power were all concentrated inside the headquarters building. And the customers were on the outside
Why coronavirus’s impact on local business isn’t a predictor for recession
Published
The past 18 months has been a roller coaster for recession risk. Last summer, headlines and talking heads screamed of a looming recession, pointing to factors like the inverted yield curve. Those screams are ringing out again as investors are fleeing to safety and bond yields have plunged around concerns of a coronavirus-driven global economic
Navigating the agent’s power to gift under power of attorney (POA)
Such power can come at a cost and expose agents to liability — especially when gifts benefit themselves.
Published
A power of attorney (“POA”) is a document that appoints another — known as the “attorney-in-fact” or “agent” — to act in the principal’s place for business, financial, legal, or other purposes, often when the principal cannot do so on his or her own behalf. There are various types of POAs, and the terms and