Azerbaijan sets up council to control fund over fight with COVID-19 – AzerNews
Posted: April 13, 2020 at 8:49 pm
13 April 2020 19:00 (UTC+04:00)
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By Ofeliya Afandiyeva
Azerbaijan has set up a Council for Public Control under Coronavirus Response Fund on April 11, the official website of the Azerbaijani Cabinet of Ministers reported.
The relevant decree to set up the council was signed by Prime Minister Ali Asadov on April 11.
The reason for setting up the Council for Public Control is to ensure transparency in the use of funds collected in the Coronavirus Response Fund and to regularly inform the public about the use of the funds.
According to the order, the Council is created in the following composition of seven members, including five members public representatives and two representatives of the Operational Headquarters under the Cabinet of Ministers:
Ziyad Samadzade - Full member of the Azerbaijan National Academy of Sciences, Chairman of the Council of Economists;
Shafiga Mammadova - Chairman of the Union of Cinematographers of Azerbaijan;
Farhad Badalbeyli - Rector of the Baku Music Academy named after Uzeyir Hajibeyli;
Garay Garaybeyli - Rector of the Azerbaijan Medical University (AMU);
Zemfira Meftahaddinova - Olympic champion, Member of the Executive Committee of the National Olympic Committee;
Aydin Isayev - Deputy Head of the Department of Tax Policy and Revenues of the Office of the Ministry of Finance of Azerbaijan - Head of the Sector;
Rasim Ismayilov - Deputy Head of the Main Financial Department of the State Tax Service under the Ministry of Economy.
Board meetings are valid if two-thirds of its members are present. Decisions of the Council are taken by a simple majority vote of its members.
The council within two working days approves orders received from the relevant state bodies and state-owned legal entities.
The council publishes information on the use of the funds resources twice a month on the websitehttp://covid19fund.gov.az/en/.
The Fund to Support Fight against Coronavirus was established by the decree of Azerbaijani President Ilham Aliyev on March 19, 2020.
On March 19, President Aliyev announced the creation of the Fund to Support Fight Against Coronavirus.
Initially, the government allocated $11.7 million to the fund and the president and the first lady donated their annual salaries to the fund. As of April 8, the fund had collected about $65.1 million.Donations have been made by 2,692 legal entities and 8,223 individuals.
The resourcesof the Fund are used in the following directions to combat coronavirus:
1) The remuneration of medical workers and the provision of material assistance to them;
2) The improvement of the infrastructure and material and technical capacity of medical institutions (including the acquisition of technological installations, devices, equipment, vehicles, goods, and materials, as well as other medical supplies);
3) The formation of medical institutions of special regime;
4) The organization and implementation of control and monitoring;
5) The financing of researches in the medical field;
6) The training of specialists in the medical field;
7) Awareness-raising and enlightenment activities;
8) Other measures taken to fight against the coronavirus.
Moreover, President Ilham Aliyevdonatedhis annualsalaryto theFund on March 21.
Currently, the amount of donations transferred to the Fund in Azerbaijan is about $65 million.
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Azerbaijan sets up council to control fund over fight with COVID-19 - AzerNews
Dirty Money Season 3 Release date, Cast, Plot, Trailer And Which Is The Best Fan Theory On The Internet? – Pop Culture Times
Posted: at 8:49 pm
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Netflixs original television series, Dirty Money, was truly an eye-opener that spoke more about enlightenment that entertainment. It appealed to all masses and was welcomed wholeheartedly when a batch of six episodes pumped out all the way back on January 26, 2018.
And then we had season two that premiered on March 11, 2020, adding to its popularity and acclaim. Based on the subject of corporate corruption, money laundering, and creative accounting, Dirty Money has grabbed all attention and has discussed some of the hidden facts about the worlds leading firms, their dark truths, and other famous (or infamous) personalities. The show has been produced by some of the great personalities, one of them being an Academy Award-winning filmmaker Alex Gibney.
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So, is season three happening! Weve no idea yet. Lets know what information we have gathered yet regarding Dirty Money 3:
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To our despair, no official declaration has been made about season three. Although the show is a great success, Netflix will reevaluate the figures and ratings before considering the third season.
Since both the previous seasons have rolled out in the first half of their respective years, we can safely assume the third one to arrive somewhere around that time period, with high bets on March 2021.
Just like there is no information about season threes release date, we have no concrete idea about the cast too.
The show has showcased the interviews of key players that include personalities like Donald Trump, Ivanka Trump, Hillary Clinton, Stuart Jonson, and many others. Many more personalities belonging to corporate and politics are expected to be interviewed in future episodes.
Every episode brings up a narrative of fraud that deals in creative accounting corporate corruption and security fraud. In the course of the narrative, the key players of the game are interviewed.
The second season saw the frauds of the banking industry, such as nefarious deals of Wells Fargo and personalities like Jared Kushner, who rose from being a real-estate heir to White House adviser and then targeted by reporters and housing advocates for disturbing patterns at his properties.
Many more interesting narratives are expected to come in season 3, but as of now, we have no proper information about it.
Since there is no confirmation about season three, no teaser trailer is on the cards. Till then, stay healthy and keep safe.
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Dirty Money Season 3 Release date, Cast, Plot, Trailer And Which Is The Best Fan Theory On The Internet? - Pop Culture Times
Lauren Golis’s newly released Bus Stop Prayers is a heartwarming collection of prayers to inspire parents to pray God’s Word over their children every…
Posted: at 8:49 pm
MEADVILLE, Pa. (PRWEB) April 13, 2020
Bus Stop Prayers: Praying the Psalms Over Your School-Aged Children: a touching account of prayers for children that ask God for guidance, mercy, and enlightenment in their lives. Bus Stop Prayers: Praying the Psalms Over Your School-Aged Children is the creation of published author Lauren Golis, a loving mother of three from Holland, Pennsylvania.
Golis shares, Do you ever feel anxious by the idea of sending your children out into the world? Do you long to see your children grow to love the Lord with a faith that is all their own? Have you ever felt overwhelmed by these feelings and not know where to begin?
As parents, we are called by God to tell the next generation the praiseworthy deeds of the Lord, his power, and the wonders he has done (Ps. 78:4 NIV). He did not leave us to do this job alone. God promises to be with us every step of the way, ready and waiting for us to call out to him in prayer. What better time than before they leave for school?
As a mother of three, Lauren invites you into her own genuine prayer journey for her children. Turning to the Psalms for guidance, Lauren has created a collection of prayers to inspire you to pray for your own children each day.
Keep this collection of heartfelt prayers by your bedside, inside your car or tucked into your bag, and begin lifting up prayers that will stay with your children today and for a lifetime.
Published by Christian Faith Publishing, Lauren Goliss new book is perfect for parents to ponder upon and inspires them to intercede for their children to nurture them in spiritual insight.
This book contains a loving desire that with each Psalm-inspired prayer, future generations will learn the importance of having God in their lives early and onward.
View the synopsis of Bus Stop Prayers: Praying the Psalms Over Your School-Aged Children on YouTube.
Consumers can purchaseBus Stop Prayers: Praying the Psalms Over Your School-Aged Children at traditional brick-and-mortar bookstores or online at Amazon.com, Apple iTunes store, or Barnes and Noble.
For additional information or inquiries about Bus Stop Prayers: Praying the Psalms Over Your School-Aged Children, contact the Christian Faith Publishing media department at 866-554-0919.
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Lauren Golis's newly released Bus Stop Prayers is a heartwarming collection of prayers to inspire parents to pray God's Word over their children every...
The secret of everlasting happiness this is how you can find the key! – Times Now
Posted: at 8:47 pm
Secret of everlasting happiness - how you can find the key! (Pic Credit: Pixbay)
Once speaking at the inauguration of a chair at Surat University dedicated to Osho, spiritual guru Morari Bapu expanded to give a different dynamic to the meaning of the acronym OSHO.He felt OSHO should mean, Own Silent, Happiness Own meaning our silence and peace should be internal and within us.
The great Adi Shankaracharya had said, Ekante Sukhamasyatam (There is happiness in solitude). Bapu felt that considering the Lockdown has naturally put us in a situation of solitude, we must use it for the purpose of introspection.
Is the peace that we feel really our own? Silence can be of many kinds. There is deep hush even in a graveyard. Sometimes we become quiet due to the compulsions of our circumstances. Sometimes a wicked man can force us into silence by showing us fear, Bapu said
He explained further, A child plays with toys and then discards them. He understands that toys are for meant him and he is not meant for the toy.
The same is true of materialistic objects in life. We need to analyse whether our happiness is based on some incident, object, person, country or time. A Buddhpurush (Self Realized soul) is in bliss all the time because he is the reason for his own happiness. The joy is neither borrowed or purchase or dependent on external factors. This is inner peace.
We could use this time when we are confined to our homes and with limited social mingling to thus internally analyse about these aspects and we might find new strength.
What is not yours and is borrowed is never permanent. It will break or be interrupted
The Ramayana says:
Nija sukha binu mana hoi ki thira, parasa ki hoi bihina sameera
(Can the mind be stilled without inner happiness? Just like there can be no touch without the existence of air.)
II Ram Charit Manas Uttara Kaand 90 (A) II
This brings us to the question whether we all have the capacity to find that calm within.
Morari Bapu feels that in actuality there is no difference between a Guru and the disciple except as a societal arrangement. They are the same in the spiritual realm, otherwise Adi Shankaracharya would not have said, Na Bandhur Na Mitram Guru Naiva Shishyah, Chidaananda Rupah Shivoham Shivoham. (I am not the relative, nor the friend, nor the guru, nor the disciple. I am indeed, that eternal knowing and bliss, Shiva, love and pure consciousness.)
Goswami Tulsidas also says Shrota Vakta Gyan Nidhi (Both the listener and narrator of Gods tale are full of knowledge) in truth both are on the same plane.
Guru only enters into disciple and lights the lamp of his soul and in the light of this lamp, all delusion is destroyed!
And what do we discover after such a stage?
God is all about acceptance and love. God is the joy within and the peace that emanates from within us. They are synonyms.
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The secret of everlasting happiness this is how you can find the key! - Times Now
German woman found living in cop’s cottage without information, FIR registered – Udaipur Kiran
Posted: at 8:47 pm
Udaipur :Udaipur police has registered a case against a constable posted in the District Special Branch (DSB) here after a German national was found living in his cottage in Osho Dhyan Vihar at Seth ji ki Kundal under Goverdhan Vilas police station area of the city on Tuesday. There are many cottages in the center and one of those in which the foreigner lady had been living, is reportedly owned by the constable Sajjan Singh who did not report about her at the local police station or the administration even after a fortnight of her stay.
Goverdhan Vilas SHO Chena Ram Pachar told Udaipur Kiran The lady, Kyara Marki had come to India on February 5 and after visiting several places had reached Udaipur on March 18. She had been living in the Osho Ashram since then however, Sajjan Singh didnot report about her arrival to the local police or the SP office , which is mandatory and more importantly ahead of the present lockdown situation. Germany has over 1 lakh people infected of coronavirus and 1810 residents have died till now. The police was tipped off about few foreigners residing in the ashram and when they cross verified the register, they came to know about the German woman.
The police has confiscated her passport, got her screened and medically examined while a case has been registered against the constable under the Foreigners Act,1946. Under the act, any hotel, guest house , institute, hotel or others who provide accomodation to foreigners must submit the details of the residing foreigner in Form C to the registration authorities within 24 hours of the arrival of the person at their premises. This is to help the registration authorities in locating and tracking the foreigners.
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German woman found living in cop's cottage without information, FIR registered - Udaipur Kiran
Exclusive- Radhika Madan on quarantine, upcoming projects and more – Filmfare
Posted: at 8:47 pm
Radhika Madan made her debut with Vishal Bharadwajs Pataakha and was seen in Homi Adajanias Angrezi Medium recently. The film had to be pulled out of theaters due to the lockdnwn to combat the spread of COVID--19. Now the movie is available on the OTT platform. And the actress is getting rave reviews for her performance. This has excited her. She says she wants to explore new sides to her on screen. The journey has just started for this newcomer. And she's gung ho about the journey ahead.
How are you staying positive in this difficult hour with so much negativity around?
Its important to take care of your mental health as well as your physical health. What we don't realise is that our immunity is related to our mental health. Of course, we should be aware about whats happening around. But I also keep myself disconnected. I make sure that I learn something everyday. I am thankful for things that I have like food, health... I just keeping myself busy learning something everyday. Thats how I keep myself on the positive side.
What are you enjoying the most about this quarantine period ?
We keep saying we dont have time. Now we have the time, still we dont do the stuff we want to do. I always said that I wanted to learn tap dancing, I'm learning it online. I'm learning to play the piano. I'm cooking, writing, reading and doing yoga.
One movie or show, you've been binge watching all day at home.
I saw Parasite. And now Angrezi Medium is out, I was watching it with my house help yesterday.
If this lockdown extends, who are the two people you'd want by your side?
I'd want to meet my family. I want to just hug my parents. I'm here and my parents are in Delhi. As soon as the lockdown is over, I will go to meet them.
What have you learnt from this critical period?
I've learnt to just be thankful for the things I have. We want money... people behave as if they have all the power in the world. At the end of the day, it just comes down to washing your hands and sitting at home. No matter how rich or powerful you are. Everybody is at home doing nothing, just making sure they 're eating well and washing their hands. It makes you think about a lot of things. This time teaches you to realise the value of your family and friends.
Which is the one book/webseries/ film, you'd like to recommend to your fans?
I'm reading The Goose Is Out by Osho. Its a lovely book.
With Angrezi Medium going on digital platform, what kind of response are you expecting from the film?
Angrezi had released and unfortunately the lockdown happened. The film is far bigger than our personal interest in it. At the end of the day, it all comes down to why you make a film, right? You make a film to entertain the audience. So our main motto was not just to release it in theatres... its about entertaining the people.Thats the reason we released it digitally. We want people to see the film with their family. We just want to put a smile on their faces The response I am getting is humbling. Its positive and so encouraging.
What kinds of roles/scripts are you looking forward to do in the near future.
I just want to do whatever excites me. I dont want to live the same character twice. Thats the reason Angrezi was different from Patakha. Shiddat is going to be different from Angrezi. I just want to explore different shades of me.
Tell me something about your next film Shiddat with Sunny Kaushal.
Its a love story and I am a swimmer in it. Its gonna be different from whatever I have done before.
Lastly, what do you think lies in store for Bollywood, post the novel coronavirus pandemic?
I cant say whats going to happen after the pandemic. But I hope we will realise the value of the important things in our lives. And we get out of this as better people, more aware about things.
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Exclusive- Radhika Madan on quarantine, upcoming projects and more - Filmfare
Bird Droppings: Arizona Cardinals preparing for virtual draft, Jordan Phillips looks to build on career year – Revenge of the Birds
Posted: April 12, 2020 at 8:46 pm
Happy Wednesday one and all.
We are halfway through another week of quarantine and things are definitely hitting the monotony.
That is okay, because the NFL is primed to save us from that, as in 15 days we have the weirdest NFL Draft in history.
For that and all the news from around the web on your Arizona Cardinals we have your morning links.
Enjoy.
Larry Fitzgerald, Patrick Peterson, Chandler Jones Named To All-Decade Team Hall of Fame selection committee picked best from 2010-19
After 2019 Breakout, Jordan Phillips Ready To Show Staying Power Free agent addition confident he's not a one-year wonder
Kingsbury: No Concern DeAndre Hopkins Trade Will Be Done Before Draft Players in deal need physicals before official completion
Challenge Of Virtual Draft Doesn't Intimidate Kliff Kingsbury Coach confident in technology and Cardinals' process
No Hard Knocks For Cardinals Arizona Cardinals Official Team Website I Arizona Cardinals AZCardinals.com
Phillips On New Contract: 'I Was Made For This' DL Jordan Phillips talks to the media about his three-year deal with the Cardinals.
Recapping The Cardinals On The 2010s All-Decade Team Relive highlights from the Cardinals who were named to the 2010s All-Decade Team.
Cover 2 Clips - Justin Murray Signs Craig Grialou and Mike Jurecki discuss OL Justin Murray and what the offensive line position looks like before the draft.
Kingsbury Want To 'Be Better" In Year Two Head Coach Kliff Kingsbury meets with the media and talks draft preparation, free agency and entering his second year with the team.
Kliff Kingsbury - Arizona Cardinals' trade for DeAndre Hopkins will be official by draft Cardinals coach Kliff Kingsbury said Tuesday that he has no doubt the trade that landed wide receiver DeAndre Hopkins from the Texans in return for running back David Johnson will be completed before the NFL draft begins on April 23.
Cardinals WR Christian Kirk expected to see fantasy football dip in 2020 Arizona Cardinals wide receiver Christian Kirk might see his fantasy football production go down following the arrival of wide receiver DeAndre Hopkins.
3 Cardinals make The Athletic's 'best to wear every jersey number' Larry Fitzgerald was joined by two past Arizona Cardinals who were named by The Athletic as the top players to wear their respective jersey numbers.
Trio of Cardinals make NFL, Hall of Fame 2010s All-Decade team Arizona Cardinals receiver Larry Fitzgerald, cornerback Patrick Peterson and pass-rusher Chandler Jones made the 2010s All-Decade Team.
Really weird prop bets for a remote 2020 NFL Draft How many dogs or cats will appear in the first round of the remotely produced NFL Draft? This is a thing you can put money on.
NFL Draft: Teams told to prepare to pick virtually because of coronavirus A league memo advised teams to prepare to conduct the NFL Draft virtually, with team personnel at home instead of in the facilities.
Five things to know about new Cardinals DT Jordan Phillips Cardinals DT Jordan Phillips discussed his fit on a new team, his bowling talent and a hectic past few weeks that included the birth of his daughter.
DeAndre Hopkins calls Cardinals 'classy,' asks for Arizona food staples Receiver DeAndre Hopkins answered questions from fans and asked for food and sight-seeing suggestions in the Phoenix area during a live Instagram stream.
Kingsbury: Cardinals' remote operations for NFL Draft not all that bad There are bigger problems in the world than a remote NFL Draft. There are even streamlined parts of the process, said Cardinals coach Kliff Kingsbury.
9 Arizona Cardinals offseason questions, answered by Kliff Kingsbury When will DeAndre Hopkins officially be a Cardinal? Is the team working on a deal to re-sign free agent center A.Q. Shipley?
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To foster community and growth, Steamboat area visual artists turn to social media – Steamboat Pilot & Today
Posted: at 8:45 pm
STEAMBOAT SPRINGS With art galleries, shops and in-person classes closed, local artists and arts organizations are focusing on showing their work and connecting with potential clients over social media.
Some are recalibrating the happenings in their studios onto video, where anyone can tune in.
Usually, when Julie Anderson of Warehome Studios fires her gas-firing kiln full of her students pottery, she hosts a kiln opening party, in which everyone sees the newest batch of finished pieces and learns from each others processes and outcomes. After the most recent firing Wednesday, Anderson was alone in the studio, but the party went on via video on Facebook and Instagram, with the camera panning over close-ups of brand-new bowls, mugs, plate sets, teapots, ashtrays and flasks, each shining its own distinct design and glaze colors.
Anderson is also looking into teaching pottery via video. While most of her students dont have pottery wheels at home to follow along with, Anderson has been renting out the wheels that usually live in her studio.
Becoming more comfortable with video has been an interesting process, and learning how to make money from these things is the hard part, she said, But at least now, Ill have the time to figure it out.
Over at Steamboat Creates social media pages, Program Director Sylvie Piquet has been hosting Young at Art @HOME video classes about crafts, yoga and other creative activities for all ages, since mid-March.
I have felt grateful to have an opportunity to offer a healthy way to engage with the community while encouraging everyone to stay safe during this challenging time, Piquet said. While sharing online doesnt come close to being able to share creativities in person, it feels like a relief to be able to offer some creative engagement.
Steamboat Creates is planning to expand its online class offerings with Pivot Point: Creative Tools for Personal Empowerment, which was originally scheduled to launch in September but will now go live this month.
Pivot Point will provide people an opportunity to connect with others, engage in creative and mindfulness exercises and develop coping and self-empowerment skills, Piquet said.
The classes, while free to participants, will also be an opportunity for local artists and creatives who teach a class to earn income through the Arts in Society grant.
Other arts organizations are using different social media strategies to try to grow.
Teddy Benson manages social media for the fine print studio Oehme Graphics. Hes been spending his remote workdays focusing on Instagram, uploading the studios inventory of thousands of pieces of artwork into Instagram stories reels of photos and videos that are available for 24 hours organized by artist.
This is a more interactive, highly trafficked platform than an actual website, Benson said. It allows the viewer to leap between an art piece to that artists page to other galleries they work with.
Benson noted he hasnt seen galleries or studios utilize Instagram stories and story highlights this way before.
We want to open up a conversation with viewers, Benson said. Were always available to answer questions about the price (of a piece) but also how that piece was made or information about the artist.
Several weeks ago, the Instagram page was getting an estimated eight pageviews per week; now, the page is fetching 150 views weekly.
At Pine Moon Fine Art Gallery, gallerist Dani Steeves also has been working on growing the gallerys online presence, focused on promoting its individual artists. One series explores the studios of the gallerys artists in photos; another highlights their individual pieces. Theres also a virtual video tour of the gallery, which will be updated monthly.
We want to stay connected to all of our clients and especially those who are used to coming to the gallery to not only see the new artwork and how the gallery transforms but to talk and connect to the individual artists, Steeves said.
Benson notes hes seen individual artists post more actively on their own social media accounts during the past few weeks of isolation, so theres more new content for viewers to explore across the platform.
Im excited to see how this evolves, he said.
To reach Julia Ben-Asher, call 970-871-4229, email jbenasher@SteamboatPilot.com or follow her on Twitter @juliabenasher.
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To foster community and growth, Steamboat area visual artists turn to social media - Steamboat Pilot & Today
KYOTO BOTANICALS and ROMP Announce Partnership During Limb Loss Awareness Month to Help Provide Prosthetic Care to Those Without Access – Yahoo…
Posted: at 8:45 pm
LONGMONT, Colo., April 7, 2020 /PRNewswire/ -- The KYOTO BOTANICALS and Range of Motion Project (ROMP) partnership will generate awareness and support for the two million Americans and 28 million people globally living with limb loss and its impact on their lives. Combining their mission and passion for improving quality of life, these two organizations hope to increase access to devices that enable personal empowerment and hemp products that help bring balance and harmony to body and mind.
During April 2020, which is Limb Loss Awareness Month, when consumers use the code EMPOWER at https://www.kyotobotanicals.com, KYOTO BOTANICALS will donate 25% of proceeds to ROMP and give consumers 20% their order. This partnership will support ROMP's mission to provide life-changing prosthetic and orthotic devices to those in need and bring the whole-body benefits of high-quality hemp extract to as many people as possible.
"We are excited to combine our belief that nature provides us what we need to help live happy, healthy lives and our mission to deliver products that are thoughtfully crafted to include only whole plant ingredients that are as close to nature as possible with ROMP's mission to increase the mobility, visibility, and dignity of all those marginalized by lack of access to rehabilitative technology," said Ron Morrow, CEO of KYOTO BOTANICALS. "This partnership will help people confront, cope with, and overcome the physical and mental barriers created by the loss of a limb."
David Krupa, founder and Executive Director of ROMP expressed, "ROMP is thrilled to partner with KYOTO BOTANICALS, a socially minded alternative health company. ROMP believes in partnering with innovative companies that drive local economic growth and employment while empowering their customers to drive social change through each purchase. 9 out of 10 amputees in the world do not have access to prosthetic care and we are excited that KYOTO BOTANICALS is joining ROMP in the fight to build a better future for amputees."
About KYOTO BOTANICALS KYOTO BOTANICALS delivers high quality CBD products to help bring harmony and balance to people's lives and positively affect the world and those around them. Grounded in family roots and a belief that small things make a big impact, we believe in giving back to the community and are dedicated to building a brand that can impact local and global needs. Through our line of innovative hemp-based products, KYOTO BOTANICALS thoughtfully combines the finest ingredients in nature to deliver quality, consistency, and results from batch to batch. https://www.kyotobotanicals.com
About ROMP ROMP is a technology-based, nonprofit organization, which provides high quality prosthetic care in underserved populations, thus enhancing mobility and unlocking human potential. ROMP believes that prosthetic limbs are not simply medical devices, but instruments of personal empowerment. ROMP recognizes the dual hardships of living in poverty with a disability and stands in solidarity with those who are made to suffer from an unequal distribution of care. http://www.rompglobal.org
Contact: Mark Gillilan 7202357755 237469@email4pr.com
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KYOTO BOTANICALS and ROMP Announce Partnership During Limb Loss Awareness Month to Help Provide Prosthetic Care to Those Without Access - Yahoo...
57% of Canadians Say Household Income Negatively Impacted by COVID-19 – Benzinga
Posted: at 8:45 pm
TORONTO, April 08, 2020 (GLOBE NEWSWIRE) -- Nearly three out of five Canadians (57%) said their household income has been negatively impacted by the COVID-19 pandemic. The newly released research from TransUnion (NYSE:TRU) found that an additional 10% of Canadian adults said they expect their household income will suffer in the future.
Alberta (63%) and Saskatchewan (67%) were the provinces which reported the highest percentage of household incomes negatively impacted with both already dealing with economic shocks before COVID-19 as a result of oil price declines.
TransUnion has initiated a survey of adults in Canada and abroad to better understand the financial impact of COVID-19 on consumers. The survey (commenced March 31, 2020) of 1,064 adults marked the first for the country in what will be an ongoing series. Additional details as well as resources for consumers looking to minimize the potential negative impact of the pandemic on their credit, and access to self-serve, educational materials can be found at https://www.transunion.ca/covid-19.
"Whether it's their health, financial well-being or changes in day-to-day living, the lives of millions of people in Canada and abroad have been dramatically changed. The situation is evolving at an incredibly fast pace and we need to come together as a nation to solve the unique problems and situations that arise," said Todd Skinner, TransUnion Regional President for Canada, Latin America and Caribbean. "The aim of our weekly consumer research is to better understand the financial impact of the COVID-19 pandemic and better inform consumers, businesses and government decisions during these unprecedented times. It is important that businesses and consumers are able to continue to transact with confidence and we will do everything in our power to help facilitate the provision of lending and commerce during these uncertain times."
TransUnion's research found that the youngest generations, particularly Millennials (those born 1980 to 1994) and Gen Z (born from 1995 onwards), felt most impacted financially by the COVID-19 pandemic. While 70% of consumers who have had their household income impacted by COVID-19 are concerned about paying their bills, this increased to 78% for Millennials and 74% for Gen Z. On average, Canadian respondents said they will be short about $935 in the near future.
"Our focus is on supporting Canadian consumers, businesses and the wider economy as a whole. We know this is an extremely difficult time, and we're committed to helping people navigate any financial hardship caused by the COVID-19 pandemic. Consumers are facing many unexpected challenges and it's natural that people are concerned about their finances. It's really important that there is a dialogue between businesses and their customers at this time of uncertainty. Equally, we encourage consumers looking to minimize potential negative impacts of the pandemic on their credit to visit TransUnion's COVID-19 website," concluded Skinner.
TransUnion's research and credit education tools will be updated weekly on its COVID-19 website as the company continues to support consumers and businesses from around the globe.
About TransUnion TransUnion is a global information and insights company that makes trust possible in the modern economy. We do this by providing a comprehensive picture of each person so they can be reliably and safely represented in the marketplace. As a result, businesses and consumers can transact with confidence and achieve great things. We call this Information for Good. TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people in more than 30 countries. Our customers in Canada comprise some of the nation's largest banks and card issuers, and TransUnion is a major credit reporting, fraud, and analytics solutions provider across the finance, retail, telecommunications, utilities, government and insurance sectors.
For more information visit: http://www.transunion.ca
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57% of Canadians Say Household Income Negatively Impacted by COVID-19 - Benzinga