In the News

      • Mar 24, 2020 VT professor weighs in on protecting your retirement money during COVID-19

        As our economic landscape remains uncertain during the coronavirus outbreak, we have a local expert weighing in on what you should be doing to protect your retirement money. Derek Klock is a finance professor at Virginia Tech. He said he understands a lot of people are in full panic mode right now.

      • Mar 19, 2020 Klock: So, what’s the problem?

        Cash! Cash is the problem. This disaster, much like a nation-wide natural disaster is showing the short-comings of a credit-driven business model. The genesis of the problem is obviously an extreme drop-off in discretionary spending due to attempts to control the spread of the virus. This creates a cash-flow shortfall for businesses that now have to access lines of credit and other forms of borrowing to meet payroll…

      • Mar 18, 2020 Watch Out for Virus-Tied Cyber Attacks on Remote Workers, Warns Tech Professor

        “We are living in a heightened time of cyber risk. Cyber criminals will take advantage of public fear and due diligence health measures to generate coronavirus-themed phishing attacks. We should be aware of unsolicited COVID-19 emails with specious links or attachments,” says Virginia Tech expert David Simpson. As many organizations shift to remote work environments, Simpson offers the following tips to avoid online scams… (This VTNews pitch was also used in Greater Diversity News Online, Science Newsnet, The World News, and other sites.)

      • Mar 18, 2020 Amazon Drivers Received Single Wipe to Clean Vans Before Shifts

        Amazon typically focuses on moving packages as quickly as possible at the lowest cost, but the outbreak requires the company to slow things down and give specific safety instructions to each employee, said Barbara Hoopes, a business professor and logistics expert at Virginia Tech. Even independent contractors in their own vehicles should get instructions specifically tailored to their roles and a kit with hand sanitizer, disinfecting wipes and any other equipment needed to improve their safety, she said.

      • Mar 17, 2020 Why containment measures are critical for fighting the spread of coronavirus

        Barbara Hoopes, associate professor of business, information, and technology at Virginia Tech, told Global Citizen that flattening the curve applies to areas beyond infection rates. To minimize the economic fallout, or flatten the economic curve, countries have to invest heavily in social safety nets, provide relief to small businesses, and develop relief packages to help communities endure the pandemic.

      • Mar 16, 2020 Stock market takes record fall despite emergency Fed rate cuts

        Derek Klock, an associate professor of practice at Virginia Tech University and former investment consultant, noted several other factors that may have contributed to pessimism heading into Monday’s trading besides the Fed’s actions.

      • Mar 13, 2020 The best S&P 500 stock of 2020 is...

        "Cyber criminals will take advantage of public fear and due diligence health measures to generate coronavirus-themed phishing attacks. We should be aware of unsolicited COVID-19 emails with specious links or attachments,” says David Simpson, a cybersecurity expert and professor at the Pamplin College of Business at Virginia Tech.

      • Mar 09, 2020 COVID-19 Has Tourism Industry Bracing for a Hit

        With so many unknowns regarding COVID-19, the travel industry is scrambling to accommodate passengers in this constantly changing scenario. Nancy McGehee is Professor and Department Head of the Hospitality and Tourism Management program at Pamplin College of Business at Virginia Tech. She says, “Some companies, and not all, I would say there are several, that are offering very generous cancellation or rebooking policies. But those that are hesitant to do that, I think are waiting until it comes closer to the actual time of the activity or the event.”

      • Feb 11, 2020 Businesses struggle to fix supply chains disrupted by virus

        “It’s all part of a big puzzle,’’ said Barbara Hoopes, associate professor of business information technology at Virginia Tech. “It’s more complex than most consumers realize. You get 87 types of toothpaste on the shelf, and you don’t think of what it takes to get them there.’’ Without China, she said, it is “hard to imagine how anything would get done.’’ Hoopes was also interviewed on this topic on WTOP, WINA Radio, and WSLS.