Low-income jobs generally can't be done from home and are therefore the most at risk for unemployment during social distancing, according to a new report.
CEO Mark Hoplamazian and Chairman of the Board Tom Pritzker are forgoing 100% of their salaries, and Hyatt's senior leadership team is taking a salary cut of 50% through the end of May.
Areas of CRE have been more directly affected, and Placer.ai dove into the data in Washington State to determine to what degree retail is being impacted by more heightened tensions.
However, the firm also reported that is buybuy BABY and Harmon Face Values (Harmon) stores would remain open subject to state and local regulation in order to service essential infant, health and personal care needs.
This is the last full week of International Women's History Month so it seems appropriate to take a breather and shed a little light on women in CRE who have forged new paths and inspired colleagues in the process.
The moratorium was imposed on Wednesday and is in effect until further notice. The action by Cambridge comes a day after Boston Mayor Martin Walsh instituted a construction ban in the City of Boston. To date, Massachusetts Gov. Charlie Baker has not called for a construction work stoppage statewide.