Chi Mac News Today

By Chris Wheat, Chi Mac, and Nicholas Tremper, JPMorgan Chase Small business ownership is commonly thought to not only be a vehicle for financial stability and wealth building, but also a way to close the racial wealth gap. Small businesses are known to be a key component of the small business owner’s financial wellbeing (Gentry and Hubbard 2004), but it is not at all clear from current evidence that small business ownership alone closes the wealth gap. In fact, recent studies have shown that...

from the New York Fed The economic toll of COVID-19 on Americas small businesses is acute and ongoing. Uncertainty related to public health protocols, consumer demand, technology adoption, supply chains, and government relief programs has upended the operating environment for small firms that frequently lived on the financial margins even before the pandemic.[ 1] This is especially true for small firms owned by people 45 and older, which saw significant closures in spring 2020 and whose number...

12 spots to score your Super Bowl takeout in Seattle Sign In FacebookTwitterEmail 2of3 3of3 Super Bowl LV is almost upon us, and while its a bummer that the Seattle Seahawks wont be playing this year, it doesnt mean you have to miss out on the best part of game day: the food! The Super Bowl Sunday experience isnt complete without a bucket of fried chicken wings, a hearty bowl of chili and a hefty mountain of nachos blanketed in cheese to accompany your favorite beer. Heres the best places aroun...