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Small Business Growth

Associated Bank Welcomes Four Additional Relationship Managers to Support Ongoing Commercial Banking Expansion | PR Newswire [Video]

GREEN BAY, Wis., Dec. 19, 2024 /PRNewswire/ — Associated Banc-Corp (NYSE: ASB) (“Associated” or “Company”) today announced the addition of four experienced relationship managers to the company’s growing commercial banking

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Small Business Funding

What a government shutdown looks like [Video]

Congress has until midnight Friday to come up with a way to fund the government or federal agencies will shut down, meaning hundreds of thousands of federal employees could be sent home or stay on the job without pay just ahead of the holidays.Republicans abandoned a bipartisan plan Wednesday to prevent a shutdown after President-elect Donald Trump and billionaire Elon Musk came out against it. Trump told House Speaker Mike Johnson to essentially renegotiate the deal days before a deadline when federal funding runs out.On Thursday, Republicans did just that, putting together a revamped government funding proposal that would keep the government running for three more months and suspend the debt ceiling for two years, until Jan. 30, 2027. However, the House rejected the bill, with Democrats and some conservative Republicans expressing major concerns.Lawmakers were regrouping Friday night to figure out a viable path forward.Here’s what to know about a possible government shutdown, what agencies would be affected and how long it could last:___What does it mean if the government shuts down?A government shutdown happens when Congress doesn’t pass legislation either temporarily or more permanently funding the government, and such a measure isn’t signed by the president.When would a government shutdown start?If Congress doesnt approve a continuing resolution or more permanent spending measure by Friday, the federal government will shut down.When the fiscal year ended Sept. 30, Congress passed a temporary funding bill to keep the government in operation.That measure expires on Friday.Which government agencies would be affected by a shutdown?Each federal agency determines its own plan for how to handle a shutdown, but basically any government operations deemed non-essential stop happening, and hundreds of thousands of federal employees see their work disrupted.Sometimes workers are furloughed, meaning that they keep their jobs but temporarily dont work until the government reopens. Other federal workers may stay on the job but without pay, with the expectation that they would be paid back in full once the government reopens.The basic rules for who works and who doesnt date back to the early 1980s and havent been significantly modified since. Under a precedent-setting memorandum penned by then-President Ronald Reagan budget chief David Stockman, federal workers are exempted from furloughs if their jobs are national security-related or if they perform essential activities that protect life and property.Essential government agencies like the FBI, the Border Patrol and the Coast Guard remain open. Transportation Security Administration officers would continue to staff airport checkpoints. The U.S. Postal Service also won’t be affected because its an independent agency.But national parks and monuments would close, and while troops would stay at their posts, many civilian employees in agencies like the Department of Defense would be sent home. Court systems would be affected, too, with civil proceedings paused, while criminal prosecutions continue.Automated tax collection would stay on track, but the Internal Revenue Service would stop auditing tax returns.Will a government shutdown affect Social Security checks?No. Recipients of both Social Security and Medicare would continue to receive their benefits, which are part of mandatory spending that’s not subject to annual appropriations measures. Doctors and hospitals would also continue to get their Medicare and Medicaid reimbursements.But it’s possible that new applications wouldn’t be processed. During a government shutdown in 1996, thousands of Medicare applicants were turned away daily.What is a CR, or continuing resolution?When Congress is down to the wire on passing measures to fund the federal government, the term CR often comes up. What does it mean?CR stands for continuing resolution, and its a temporary spending bill that lets the federal government stay open and operating before Congress and the president have approved a more permanent appropriation.A clean CR is essentially a bill that extends existing appropriations, at the same levels as the prior fiscal year.What is an omnibus bill?It’s a massive, all-encompassing measure that lawmakers generally had little time to digest or understand before voting on it.There are a lot of spending measures all rolled into one, and sometimes thats what happens if the dozen separate funding measures havent worked their way through the congressional spending process in time to be passed in order to fund the federal government.But Republicans opted against an omnibus this time, hoping instead to renegotiate all federal spending next year when Trump is in the White House and they will control both chambers of Congress.Is a government shutdown going to happen?Maybe and maybe not.There is often a scramble on Capitol Hill to put together a last-minute funding package to keep the government open just before a deadline, at least temporarily. But shutdowns have happened, most recently six years ago, when Trump demanded funding for a wall along the U.S.-Mexico border. That shutdown was the longest in U.S. history.Jimmy Carter saw a shutdown every year during his term as president. And there were six shutdowns during Reagan’s time in the White House.

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Home Based Business

Case Study in Optimizing Inventory Management | CERAiT Inc. [Video]

Case Study: Optimizing Inventory Management for an E-Commerce Store Client: Online home goods store specializing in seasonal products. Challenge: Client faced frequent overstocking of slow-moving items and stockouts of bestsellers, resulting in lost revenue and high warehousing costs. Solution: Demand Forecasting:

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Home Based Business

Wayfair said womans order wasnt in stock; Why was it still for sale? [Video]

One holiday bargain hunter asked NewsCenter 5 for help after Boston-based Wayfair canceled an item she found marked down during Black Friday. The online home furnishing retailer claimed the product wasn’t in stock, but the customer found it was at a much higher price.Ashley Paine is in the market for a new patio set, and so over Thanksgiving weekend, she found herself browsing Black Friday sales on Wayfair.”I found one that was on a really good deal. It was 70 percent off,” she said. “Almost a no-brainer to buy it at that point.”Paine promptly placed the order, paying $269.99 for a five-person seating set, quite the markdown from its $900 price tag.”It did feel too good to be true,” she said.Turns out, it was. Little did she know she’d soon be seeing red over that Black Friday special.A few days later, Wayfair sent Paine an email, canceling the seating set, claiming it’s “no longer available.” Knowing that it came in three different color choices, Paine went online to see if any others were available. She found all three in stock and for sale, including the exact one she had ordered. The only difference: the price had more than quadrupled.”They had upped the price to $1,199,” Paine said. “And it was still showing in stock in every color, so that triggered me to be like, ‘OK, if it’s a stock issue, why is it still on the website?'”Paine contacted Wayfair customer service by text but was repeatedly told they would not honor her previous price. Despite getting transferred to several departments, no one could explain why the company canceled her order since the product was still in stock.”They were very happy to get me to a sales rep to assist me in ordering another one” at the much higher price, she said. “They were very clear they would not honor the price.”Wayfair’s terms of use say the company reserves the right “to limit the order quantity on any item and/or to refuse service to any customer.” The company goes on to say that “prices and availability of products on the Sites are subject to change without notice. Errors will be corrected when discovered and Wayfair reserves the right to revoke any stated offer and to correct any error.”Paine said she would understand a pricing mistake, but throughout the entire process, no one said that was the issue. She feels like Wayfair hasn’t been upfront or fair with her. The company did refund her money, but she doesn’t know if she’ll shop there again.After NewsCenter 5 reached out, a Wayfair spokesperson said this item was canceled because it was a pricing error, adding it does happen from time to time given the breadth of our catalog. It’s not clear why anybody at Wayfair customer service didn’t just say that to Paine. It shows how challenging it can be to navigate a service problem at one of these big companies.Massachusetts pricing regulations do allow companies to void a sale if the price is the result of an error.

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Small Business Funding

US effort to curb China’s and Russia’s access to advanced computer chips ‘inadequate,’ report finds WSOC TV [Video]

The U.S. Commerce Departments efforts to curb Chinas and Russias access to American-made advanced computer chips have been inadequate and will need more funding to stymie their ability to manufacture advanced weapons