Lessons learned from remote market learning during the coronavirus. Private is in its representatives were utilizing remote work and how the federal government could reduce their office workspace. [inaudible conversations] good morning. I call this hearing to order. In just the past six months, the covid19 pandemic has our everyday way of life. One of the most sudden and stark transitions to the way all of us work. Millions of americans have been unable to go to the office each day, as a result, weve had to find a way to get our jobs done and keep our economy going. The financial hit to small and larger businesses has been devastating during this crisis. Reducing expenses is increasingly important for individuals and businesses, as the country struggles with the unexpected costs of the coronavirus pandemic. Such cost savings are likely to persist after the pandemic. Nearly one in five private sector chief Financial Officers plans to keep at least 20 of their work force working remostly
The covid19 pandemic has completely upended our everyday way of life. One of the most stark and significant transitions as an to the way all of us work. Way to get to find a our jobs done and keep our economy going. The financial hit too small and larger businesses has been devastating during this crisis. Reducing expenses is increasingly important for individuals and businesses as the country struggles with the unexpected costs of the coronavirus pandemic. Such cost savings are likely to persist after the pandemic. Nearly one in five private sector chief Financial Officers plans to keep at least 20 of their workforce working remotely after the covid19 pandemic ends in order to cut costs. I believe the federal government should also be looking for opportunities to save taxpayer money wherever and whenever possible. The private sector is leading the way in recent years, private in reducing prices. In recent years, private companies have reduced their real estate footprint to save money.
Could have been close tore 10 million than the 15 to 16 that we had to provide for. Ok. Two more questions. One, as rec and park actually lease vehicles, Passenger Vehicles or s. U. V. S or anything like that . No, it does not. Ok, im you all have great ribbon cuttings and i would love to celebrate them with each of you. All right. I donated to that playground, norman, too. What is the Cost Reduction for the large concert such as a bed lands for next year . Have you been in touch with them and are they do you intend tt revenue coming into rec and park next year . Very much our hope. Obviously subject to publichealth guidances and i know i know the sector hit hard in this crisis is the arts and entertainment industry. Its our hope theyll be back. We would love to work with them on additional concerts and events if possible to kind of make up for some of the lost revenue and its all still in flux until we get guidance that we can go back to a normal life again. Ok. Got it. And any other
This is the august 12th, 2020 budget and pre prations meeting. Im sandily fewer, chair of the budget and Appropriations Committee. I am joined by Committee Member supervisor walton, mandelman, ronen and yee. Do we have any announcements . Due to the Health Emergency and to protect our members citi employees and the public, the board of supervisors and ledge lay ter of chamber and Committee Room are closed but members will participate in a meeting remotely. This is taken pursuant to the local, state and federal orders declarations and directives. Committee members will attend the meeting through Video Conference and participate in a meeting to the same extent as if theyre physically present. Public comments will be available on each item on this agenda and streaming the number across the screen, each speaker will be allowed two minutes to speak. Comments are opportunities to speak during Public Comment period are available by calling 415 6550001. 415 6550001. Meeting i. D. 1460772734, a
Anna good morning from london. Manus cranny is in dubai. These are todays top stories. It is a mixed monday for Global Equities as coronavirus cases and u. S. China tensions threaten risk appetite. Mike pompeo suggests action to protect National Security will not stop at tictoc. Shares did as earnings missed the mark. The group says it will accelerate cost cuts. More to come from our exclusive interview. We will hear from sociogeneral after a surprise sociale generale after a surprise loss. Task force head says the pandemic is in a new phase. It has just gone 6 00 a. M. In london. It is 9 00 a. M. In dubai. Normally it is yusuf and i this time. They were very clear, the single worst economy is the u. K. It is one of the weakest economies globally. They have taken a hit. They gave us a global perspective, a wide range of losses. There has been a big shift in the global economy, but it is not going to be enough to steady the ship. The next three to six months will be critically important