Categories
Forex News

US Unemployment Claims Fall Below 1 Million After 5 Months – Forex News by FX Leaders – FX Leaders

Unemployment claims surged in the US in the third week of March, increasing above 3 million, as the country shut down and then jumped higher to above 6 million for a coupe of weeks. Claims have been cooling off since then, but they have remained still quite high, despite the decline. Last week, jobless claims fell below 1 million for the first time since mid March, so the situation is getting better, but claims are still pretty high.

US Weekly Initial Jobless Claims Report

  • Weekly initial jobless claims 963K vs 1100K expected
  • Prior was 1186K (revised to 1191K)
  • Continuing claims 15486K vs 15800K expected
  • Prior continuing claims 16090K
  • PUA claims 489K vs 656K prior
  • Full report

The total number of people claiming benefits for all programs was 28,257,995, down 3065K from the prior week. This is the first time initial jobless claims were below 1 million in 21 weeks.

Categories
Business News

Gathered Foods opens new production plant | 2020-08-13 – Food Business News

NEW YORK — Gathered Foods, maker of Good Catch plant-based seafood products, opened a new production facility in Heath, Ohio.

The 42,500-square-foot facility was constructed specifically for high-tech production of Good Catch’s plant-based offerings, made from a proprietary blend of peas, chickpeas, lentils, soy, fava beans and navy beans, the company said. It will house up to 80 positions by the end of the year when it expands to full capacity.

“We are incredibly proud to establish a strong manufacturing footprint in the US as we grow our product portfolio,” said Christine Mei, chief executive officer of Gathered Foods. “With Good Catch’s rapid expansion and the launch of our new line of frozen plant-based entrees and appetizers, having our own production facility enables us to optimize productivity and efficiency.”

Good Catch’s new line of frozen entrees and appetizers features New England style plant-based crab cakes, Thai style plant-based fish cakes and classic style plant-based fish burgers.

The new facility builds on a $36.8 million Series B financing round that closed in January. The company also recently expanded its distribution footprint on an international scale with its Tesco launch in the UK and announced a joint distribution venture with Bumble Bee Foods.

Categories
Crypto News

305 Venezuelan Municipalities to Collect Tax in Cryptocurrency Petro – Bitcoin News

Venezuela’s national tax harmonization agreement has been signed by the council representing 305 municipalities. They have agreed to use the country’s cryptocurrency, the petro, as the unit of account for tax payments.

Taxing in Petro

The Bolivarian Council of Mayors signed Venezuela’s National Tax Harmonization Agreement on Sunday, placing the cryptocurrency petro as the unit of account for the payment of taxes and fines in 305 municipalities. The country is comprised of 335 municipalities, incorporated into 23 states and the capital district.

Calling the agreement “historic,” Vice President Delcy Rodríguez stressed that the prohibition of collecting taxes and duties in foreign currency has been established because the unit of account for this tax is now the petro, local news outlet Ultimas Noticias conveyed. She added that for the first time in Venezuela’s history, a municipal tax harmonization was achieved.

Venezuelan President Nicolas Maduro supports the signing, instructing Rodríguez to ensure that the harmonization of all taxes is maintained to avoid double taxation. Rodríguez explained that to achieve this, a single registry of municipal taxpayers will be created and administered by the Bolivarian Council of Mayors. It will function as a digital tool for the consultation, information exchange, and monitoring of companies with branches in different municipalities to verify declaration made in one mayor’s office but paid in another. In the future, it can also be used to cross-check information with the national tax system, she described.

Rodríguez further noted that the tax harmonization agreement also simplifies administrative procedures, such as reducing the reference codes for economic activities, industries, and businesses from 600 to 30. Sharing Rodríguez’s sentiment, Mayor Erika Farias commented:

This tax harmonization agreement, which we have reached after a great debate among the 305 Bolivarian mayors, is an unprecedented event in our country.

During the signing, Mayor José Alejandro Teran highlighted that using the petro as the unit of account for calculating taxes is not only innovative, but it also helps protect against hyperinflation, which he attributes to U.S. sanctions.

What do you think about Venezuela collecting taxes in petro? Let us know in the comments section below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Categories
Crypto News

Chainlink Is Rising in the Cryptocurrency World—Here’s How It Works, and What It’s Worth – Newsweek

While Bitcoin remains the dominant force in cryptocurrency, a new offering called Chainlink is gaining steam—entering the top five tokens in terms of market cap and enjoying a surge of attention in the online community.

According to CoinMarketCap, a platform that tracks the ups and downs of crypto-coins and global exchanges, Chainlink is now valued at roughly $6 billion, with a single token, known as a Link, currently worth the equivalent of around $17.

For comparison, a bitcoin is currently priced at around $11,500, and the cryptocurrency as a whole now has a market capitalization of more than $210 billion.

In 2017, the value of Bitcoin surged as hype and speculation about its potential shot into overdrive, forcing up the value of a coin to almost $20,000 before it eventually crashed. In 2020, its closest competitors include Ethereum, Ripple (XRP) and Tether.

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Chainlink has now entered the fray, with Google Trends indicating people are searching for news about the coin. A Reddit community has attracted over 20,000 members and— for better or worse—it has been often mentioned on 4Chan’s /biz/ finance board.

On its website, Chainlink is described as a “framework for building decentralized oracle networks that give your smart contract access to secure and reliable data inputs and outputs.” That’s a lot to take in. So we asked a crypto expert to explain.

Chainlink is at its core a means of bridging the gap between the world of blockchains and the outside world,” Charles Hayter, the CEO and co-founder of tracking platform CryptoCompare, told Newsweek over email, explaining its purpose.

Chainlink is a framework for creating decentralized oracle networks. Oracle networks act as a source of information bridging the real world and the world of blockchains.

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“Its architecture and design are quite complex, but in simple terms it aims to solve the problem of trust and centralization of sources by harnessing a secure and decentralized network of information providers where data is crowd-sourced, reliability and accuracy are incentivized, and bad providers of information are disregarded and punished,” he added. “Powering this ecosystem and system of incentives is the Link token.”

Top 5 Cryptos by Market Cap (13Aug,2020)
The top five cryptocurrencies by market capitalization, according to CoinMarketCap. CoinMarketCap/Screenshot

Broadly, Chainlink is used to enhance smart contracts, which are agreements including a buyer and seller online using crypto, in which the transaction stored on a blockchain. Link is based on the Ethereum blockchain, which is dedicated to those transactions.

It acts as a “bridge between cryptocurrency smart contracts and off-chain resources like data feeds, various web APIs, and traditional bank account payments,” CryptoCompare says, showing Chainlink had a strong upward trajectory in the past month.

Blockchains are by design intended to be trustless and decentralized, and many have applications running on their networks, like smart contracts,” Hayter told Newsweek.

“Smart contracts, programs running on blockchains like Ethereum, are tamper-proof agreements that automatically execute when real-world conditions are met.

“But in order to get information, like the price of an asset or whether an event has taken place—which is needed for smart contracts to function—there needs to be a trustless, decentralized source of information to tell the blockchain that the conditions have been met,” the cryptocurrency expert continued. “Without this, there may be all kinds of manipulation or falsification, particularly when financial stakes are high. Achieving this is a tricky problem, and one which Chainlink has been designed to solve.”

Santiment, a platform that provides daily crypto market insights, tweeted on August 10 that Link had become a “mainstay” on its Emerging Trends platform in recent days. It suggested it could be surging due to FOMO—fear of missing out.

“It doesn’t necessarily mean the long-term fundamentals of a project have changed from being solid hold options, but their presence on this list has been indicative of some artificial hype caused by crowd elation,” Santiment noted on Twitter.

Yesterday, Santiment noted the Link token was now up by 68.7% over the last week, but warned the recent price rally may not be here for the long-term.

“Speculative interest has exploded, and we’ve looked into some concerning signs for the #1 trending coin,” the platform’s official Twitter account elaborated.

Chainlink has existed since 2017, but officially launched in 2019 as a way to “provide external data to smart contracts on any blockchain,” one of its explainers says.

As with other cryptocurrencies, most famously Bitcoin, Link’s values will remain volatile, likely to fluctuate based on trading influenced by news, rumor and online chatter.

Addressing the recent swell of activity, CryptoCompare‘s Hayter explained: “Link has seen its price surge enormously in recent months with the ascent of DeFi [Decentralised Finance]—where oracles are particularly useful—and in line with a slew of impressive partnership announcements including Google Cloud and Oracle.”

“Link has seen major speculative interest. It has been one of the best-performing crypto assets of 2019 and 2020, with a year-to-date ROI of 668.65 percent,” he said.

Cryptocurrencies
In this photo illustration of the litecoin, ripple and ethereum cryptocurrency ‘altcoins’ sit arranged for a photograph on April 25, 2018 in London, England. Jack Taylor/Getty
Categories
Business News

ChartLogic Review 2020 | Medical Billing Service Reviews – Business News Daily

  • ChartLogic is a cost-effective medical billing service with some of the lowest rates we found in our review.
  • ChartLogic offers an integrated EMR system and practice management software that work in tandem with its billing service.
  • ChartLogic requires RCM clients to use its healthcare IT platform.
  • This article is for medical practices that want to learn more about ChartLogic, our best pick for medical billing services for small practices.

After conducting research and analysis of medical billing services, we recommend ChartLogic as the best medical billing service for small practices. ChartLogic offers one of the most cost-effective medical billing services in our review, enabling the outsourcing of a medical practice’s entire billing department for one of the lowest percentages we found. The company also includes its healthcare IT platform in the cost of the medical billing service, requiring clients to use its EMR system and, in most cases, its practice management software.

ChartLogic also supports provider enrollment and credentialing with payers during the software implementation period. This approach makes it an ideal service for new practices starting from scratch; not only does it roll software and billing into one comprehensive package built from the ground up, it also won’t break the budget of a pre-revenue practice.

We chose ChartLogic from a pool of dozens of medical billing services. To learn more about our full methodology and for a comprehensive list of medical billing companies, see Business News Daily’s best picks page.

Editor’s note: Looking for a medical billing service for your practice? If you’re looking for information to help you choose the one that’s right for you, use the questionnaire below to receive more information from our vendor partners.

ChartLogic begins every new client relationship with a full billing analysis, which examines the practice’s past financial performance and identifies areas for improvement. Once the billing analysis is complete, ChartLogic’s software implementation and training team ensures the practice is set up on the company’s healthcare IT platform. This includes making sure providers are properly enrolled and credentialed with all relevant payers.

During the implementation process, ChartLogic will set up a direct deposit of funds into the practice’s bank account. Some medical billing services use a digital lockbox to store funds temporarily before disbursing them to the practice; ChartLogic sends the money directly to the practice’s account, minus its monthly fee.

Each practice working with ChartLogic is assigned a dedicated account manager, who oversees the implementation and training process and also conducts post-implementation assessments to ensure everything is running smoothly. Any issues can be communicated directly to the dedicated account manager throughout the life of the partnership.

ChartLogic begins the billing process with patient insurance eligibility verification, seeing if a patient’s insurance is up to date and active prior to their visit. The company works through Change Healthcare and RelayHealth clearinghouses for insurance eligibility verification.

ChartLogic will generate claims and code them on behalf of its clients. All medical coders and billers on ChartLogic’s staff are required to maintain certifications from accredited billing organizations as well. That was not the case for most of the medical billing services in our review.

After claims are generated and coded, ChartLogic scrubs them for errors before submitting them to payers through the clearinghouses. If any errors are flagged during claims scrubbing, the certified coders and billers on ChartLogic’s staff revise those claims and then submit them.

Once the claims are submitted, ChartLogic’s team monitors your outstanding claims until they are paid. If any claims are denied, the team revises them accordingly and resubmits them to payers for reimbursement.

ChartLogic also bills patients and follows up on their unpaid claims for copayments or out-of-pocket expenses within the window you specify. Based on your requirements, ChartLogic might also refer unpaid patient balances to a collections agency.  

Key takeaway: ChartLogic not only manages the entirety of the billing process, but also assigns a dedicated account manager to oversee a pre-launch financial analysis of your practice.

Like most of the other medical billing services we reviewed, ChartLogic charges a monthly percentage of net practice collections, meaning the better your practice does financially, the more ChartLogic gets paid. Its typical monthly fee ranges from 3% to 6% of collections, making it one of the lowest-cost billing solutions we reviewed.

Generally, ChartLogic requires clients sign a two-year contract, which is not unusual in the medical billing service space but is longer than some of the other services we reviewed. However, ChartLogic does not charge any implementation or training fees; it includes those costs in the percentage of monthly collections.

ChartLogic’s low percentages and lack of implementation or training fees make it one of the most cost-effective medical billing services in our review. Small practices and new practices minding every red cent could benefit from ChartLogic’s rates, which also include access to a comprehensive and user-friendly healthcare IT platform.

Key takeaway: ChartLogic offers some of the lowest rates in our review, ranging from 3% to 6% of monthly collections. It does not charge implementation or training fees.

ChartLogic’s medical billing service includes access to its electronic medical records (EMR) system, practice management software and patient portal solution in the percentage it charges, which is a fairly standard practice for medical billing services. ChartLogic does usually require clients to use its healthcare IT platform in order to take advantage of the RCM service, but there are some exceptions to the practice management software requirement. Because ChartLogic coders and billers rely on the company’s EMR system to generate and code claims, there is no way around that requirement.

Key takeaway: ChartLogic requires RCM service clients to use its healthcare IT platform. There are some exceptions for the practice management software, but not the EMR system.

ChartLogic maintains a help center for tech support and customer service. You can call for support between Monday and Friday, 6 a.m. to 6 p.m. MST. Email support and automated live chat services are available around the clock. There is also a remote service tool for requesting help with a technical issue; through this tool, a member of the ChartLogic support team can access your healthcare IT software and help you troubleshoot any issues you might be experiencing.

Key takeaway: ChartLogic maintains a support call center 12 hours per day on weekdays. It also offers email support and live chat 24/7.

One of ChartLogic’s main drawbacks is that it requires RCM clients to use its healthcare IT platform, which can be problematic for practices already using another platform to their liking. Migrating from one EMR system or practice management software to another can be a time-consuming process rife with opportunities for error. For example, data migration is not always a straightforward process; it can be expensive, and some data can be lost in transfer. Additionally, your staff might need time to adapt to a new system, learning the new workflows and how to navigate the user interface directly. This could lead to a short-term loss of productivity. If your practice maintains a patient portal or kiosk, switching over could also disrupt the patients’ experience and cause some tension there. Some of the other medical billing services we reviewed are platform agnostic, though this is somewhat uncommon in the medical billing space. Others are willing to build out integrations to other platforms upon request and for an additional fee.

Key takeaway: ChartLogic’s requirement that all RCM clients use its healthcare IT platform could complicate things for practices with legacy EMR systems and practice management software that they’d like to maintain.

Ready to choose a medical billing service? Here’s a breakdown of our complete coverage:

Editor’s note: Looking for a medical billing service for your practice? If you’re looking for information to help you choose the one that’s right for you, use the questionnaire below to receive more information from our vendor partners.

Categories
Sports

Robin Hack: Brentford to target Nuremberg winger if Said Benrahma leaves – Sky Sports

Germany U21 player is a top target should £25m-rated star move to the Premier League

By Lyall Thomas

Last Updated: 13/08/20 3:58pm

Brentford will target Nuremberg winger Robin Hack if Said Benrahma leaves

Brentford will target Nuremberg winger Robin Hack if Said Benrahma leaves

Brentford will target Nuremberg winger Robin Hack if Said Benrahma leaves

Brentford want to sign Nuremberg winger Robin Hack if they lose Said Benrahma.

The 21-year-old Germany U21 player is a top target should their £25m-rated winger move to the Premier League this summer.

Hack came through the youth ranks at Hoffenheim before joining Nuremburg in the Bundesliga 2 last year.

He scored 10 goals in 31 appearances last season.

Brentford want in excess of £50m for Ollie Watkins and Benrahma

Brentford want in excess of £50m for Ollie Watkins and Benrahma

Brentford want in excess of £50m for Ollie Watkins and Benrahma

The Bees are preparing for the potential losses of Benrahma and Ollie Watkins and want in excess of £50m for the pair.

Benrahma is of interest to a string of Premier League clubs including Aston Villa and West Ham.

Brentford also want to strengthen with a new central midfielder and right-sided centre-back this summer.

They will also look to sign a left-back if a buyer comes forward for Rico Henry.

2:05

Former Brentford striker Marcus Gayle says he has ‘full confidence’ the club can replace any top players who may be sold this summer after Brentford failed to win promotion to the Premier League
Former Brentford striker Marcus Gayle says he has ‘full confidence’ the club can replace any top players who may be sold this summer after Brentford failed to win promotion to the Premier League

Transfer Centre LIVE!

All the latest news, analysis and rumours from the window in one place.

The summer transfer window will run for 10 weeks from July 27 and close at 11pm on October 5.

A domestic-only window for trades between the Premier League and EFL then runs from October 5 and closes on Friday October 16 at 5pm. Follow all the news and analysis on Sky Sports News and across Sky Sports’ digital platforms, including with our dedicated Transfer Centre blog.

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Opt in and bet £25 or more before 23:59 on Sunday to earn a free £5. Free bets will credited by 7pm on Monday.

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Freelancers

The Upside To Starting A Freelance Business In The COVID-19 Pandemic – UKTN

With COVID-19 shredding whole sectors of Britain’s economy, certainty and predictability have gone out the window. If you find yourself being either furloughed or sent to work from home, now is the time to seriously explore Freelancing as a viable option.

Business confidence is collapsing and unemployment and chronic underemployment are on the rise. Employers are looking to reduce their costs by either cutting jobs or adopting outsourcing more aggressively.

In many ways, this process was already underway before the pandemic hit. So, rather than panicking or bewailing your financial plight start thinking strategically. We are seeing a flush of new small businesses emerging, mostly run by home and promoted exclusively via social media.

Why Start A Freelancing Business In A Pandemic?

Regardless of what you call it, more and more people are looking to try to pick up some work on the side to get through this global pandemic and survive financially.

With so many companies looking to redefine what work gets done in house, however, starting a freelance business offers sound opportunities to survive in an economy that’s going to be slow to emerge from its economic trauma.

Marketing, web design, cybersecurity, eCommerce, tech support and IT services, are all services primed for freelance agencies. Here are 5 compelling reasons why Freelance businesses are not just surviving, but thriving in the pandemic:

  1. Freelancing Makes Sense Financially

Freelancing makes sense for prospective clients and Freelancers themselves. In a volatile environment, where revenue flows are unstable and costs are eating away at many businesses, tapping into a wide base of Freelance talent makes plenty of sense. Converting fixed costs to variable costs in a downturn is business survival 101.

For Freelancers, the cost of setting up a business is low as are client acquisition costs. In many instances, all a Freelancer needs is a kitchen table, a laptop and a stable Wi-Fi connection.

In a networked world, it’s also increasingly easy for Freelancers to collaborate on projects collectively rather than flying solo. This opens up opportunities to bid successfully on larger value or more diverse projects.

  1. It’s An Extension of the Gig Economy

The gig economy was on the rise before COVID-19 hit us like a tsunami. Before the pandemic outbreak, many employees were working at least part-time from home.

Starting a Freelance business can embrace any aspect of a business, product or service. From sewing masks in a home workshop to writing safety protocols or promoting takeaway dining menus.

The digital economy has removed many of the impediments to operating competitive Freelance businesses. And today’s productivity tools to enable Freelancers to manage their workloads are cheap and efficient.

In an era where limited physical interaction is a positive, Zoom conferencing and Skype calls are liberating a new generating of Freelance start-ups.

Combining a strategic vision with a dash of creativity will point you in the right direction to build your Freelance business, whether that be an online retail storefront within Amazon, or services such as graphic design, content writing or fine-tuning a website’s Google performance.

  1. Creating Your Own Home Office

As business shutter their head offices and office towers stand empty and abandoned, the home office is enjoying its time in the sun.

Carving a home office out of a spare room or the garage is not a new phenomenon. What is new, is how technology has transformed a Freelancer’s ability to work, communicate and deliver a product or service from home.

If you’re in the media or marketing business, one of your first tasks as a Freelancer is to transfer your archives onto a digital format. Old videotape footage can provide fun segments or backdrops for a marketing or a content stream. Take advantage of the latest VHS to USB technology and bring your content archives to you on a USB stick.

Take the time to consider how you prefer to work and what common tools you’re likely to need within arm’s reach. Similarly, get your filing system sorted to minimize clutter and put in place a tracking system to monitor your Freelancer output and ensure you meet your deadlines.

Once you get past the laptop, mouse, monitor and printer shortlist, ask yourself do you need quick easy access to whiteboards, a cork pinboard or a reference library to do your work?

A good quality camera, microphones and headphone will set you up for success in your home office. Add in calendar tools and high-speed Wi-Fi and your productivity will flourish. These days you even have your choice of ergonomically sounds conventional or stand up desks!

  1. Manage Capital Investment In Your Freelance Business

They say, ‘To make money, you need to spend money.’ Up-front investment is going to be required if you’re starting a new freelance business. Beyond that, it’s mostly thoughtware unless you come up with a great idea you need investment behind to put into production.

Many industries are struggling to reinvent themselves like restaurants reorganizing their home delivery, takeaway or pre-packaged meals services. Surging demand for PPE and hygiene products has proven to be a boon for home workshops who differentiate using clever design and on-demand batch production.

  1. Develop New Relationships, Access Fresh Talent

The nature of business relationships in the Freelance space is noticeably different than in the traditional physical economy. In the gig economy, client turnover is inevitable. Freelancers quickly discover its okay to lose clients. Indeed, some client churn may be necessary as you revisit your pricing as your experience and reputation grow.

Starting a Freelance business provides Freelancers with an opportunity to learn new skills and explore latent, underutilised talents.

For clients, they enjoy that ability to access a pool of fresh, diverse talent that may bring with them new ideas and new skills than can breathe new life into a struggling business, while still delivering services at an affordable price.

Final Observation

For an economy ravaged by the financial blight of a pandemic, Freelancing is in many ways, a development of the gig economy. For Freelancers, it offers control and stability over their working life that is missing from the conventional economy. All you need is a strategic vision of where you want to go with your new Freelance business, an idea to set your startup on its way and a dash of inexpensive tech kit. Freelancing is a savvy way to survive and even thrive during a pandemic.

Categories
World News

US military helicopter struck by bullet over Virginia – BBC News

A US Air Force photo of UH-1N helicopters Image copyright US Air Force
Image caption The helicopter was a UH-1N Huey model

The FBI has launched an investigation after a US military helicopter was struck by a bullet while conducting a routine training exercise over the state of Virginia.

One crew member was injured in the shooting on Monday and the helicopter was forced to make an emergency landing.

Officials said the aircraft was flying about 1,000ft (300m) above the ground when it was hit.

They are appealing for witnesses.

The incident took place early Monday afternoon, some 16km (10 miles) from Manassas Regional Airport, in north Virginia.

The helicopter made an emergency landing at the airport after being hit.

The injured crew member was taken to hospital following the incident but has since been discharged. The Air Force said the UH-1N Huey helicopter had sustained some damage.

The squadron the helicopter was assigned to is responsible for transporting senior military and civilian leaders and dignitaries, as well as performing medical evacuations.

The FBI said it was working alongside other agencies, including the Air Force Office of Special Investigations, to determine what happened.

Officials said the bullet was fired by someone on the ground, but it is not yet clear if the aircraft was deliberately shot at or if it was an accident caused by someone randomly shooting into the air.

You might also be interested in:

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Media captionA fire broke out on the USS Bonhomme Richard in San Diego, California, in July
Categories
Business News

Supply Chain Europe 2020: the digital future of supply chains – IoT Business News

The future of business, enabled by supply chains

The true business impact of the COVID-19 crisis will be best measured but the response of industries to learn lessons and rebound as strongly and quickly as possible.

What is certain, is that future business strategies must hold supply chains at their core.

To help you build for the future, Reuters Events are hosting 2 days of key insights and expertise sharing from a formidable speaker line up at Supply Chain Europe Virtual 2020 (17-18 September).

Key features of the event:

  • An unprecedented speaker line up of industry leaders who will chart the course to recovery and plan how to capitalise on opportunities.
  • The chance to network virtually with 4000 supply chain, logistics and technology experts about the latest developments and requirements from all the players in the supply chain ecosystem.
  • Up to 30 insightful presentations, fireside-chats and panel discussions for you to interact with and view live or on-demand, centred around 4 key pillars of business and supply chain success: Sustainability, Risk Mitigation, Digital Excellence, Customer Centricity.

This is the 2020 virtual event experience you can’t afford to miss.

Categories
Entertainment

Calrec Raises Awareness for Struggling Live Entertainment Industry With #WeMakeEvents Campaign – Sports Video Group

On August 11, Calrec lit up its historic Nutclough Mill building in red at night to help raise the alarm for the live events and entertainment sector as part of the #WeMakeEvents campaign.

Backed by a wide range industry bodies and companies, a series of events was held on Tuesday across the UK to highlight the plight of those struggling for work as a result of the pandemic. The live entertainment sector has been particularly badly hit, with calls to the government to step in and provide more assistance. The sector is in critical condition.

“This has affected our customers in every territory, and the impact on live events like sports and entertainment has been devastating,” says Sid Stanley, Calrec’s general manager. “In the UK alone there are over one million people employed in delivering events, 72% of whom are freelance, and many of which have no access to any financial support. We worked with other companies in the valley where we are based, including the Hippodrome, one of the UK’s largest volunteer-run theatres, to bring as much attention as possible. We hope that by coming together to support one another our voices are heard.”

Calrec has worked with A1 craft mixers during this period to help promote their achievements as widely as possible. The company has also worked with customers to create flexible technical solutions to allow as much live coverage to occur as possible. But, of course, massive challenges remain and the UK government needs to provide support to allow the sector to return to its former glory. We stand with #WeMakeEvents.