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Female business owners often have less access to capital because women tend lack relationships with bankers, National Association of Women Business Owners CEO Jen Earle said on Tuesday at an Axios virtual event.

What she's saying: "Women are naturally risk-averse, and so a lot of times they don't want to take on huge chunks of debt to make their business grow. "They've done it kind of by bootstrapping, by utilizing their credit cards, by using personal funding. "

  • So when female business owners suddenly need capital, "there's not really any backing there," Earle said.

Earle said female business owners have found it hard to balance the multiple roles they play in the household, along with managing their businesses through the economic downturn brought on by the coronavirus pandemic.

  • "We're worrying about moms staying at home with their kids and figuring out how they're going to educate them," Earle said.

Go deeper

Nov 5, 2020 - Health

U.S. exceeds 100,000 new COVID-19 cases for first time

Data: Covid Tracking Project; Chart: Axios Visuals

The U.S. reported 103,087 new daily coronavirus infections on Wednesday, setting a single-day record for cases, according to data from the COVID Tracking Project.

Why it matters: This is the first time the U.S. has reported over 100,000 new cases in a single day — a reminder of the high stakes of the election as votes continue to be tabulated.

Bryan Walsh, author of Future
Nov 4, 2020 - Health

Air pollution connected to higher COVID-19 death rates

Smokestacks in Florida. Photo: Getty Images

A new study of more than 3,000 counties in the U.S. finds a correlation between higher levels of particulate air pollution and higher death rates from COVID-19.

Why it matters: COVID-19 may be caused by the novel coronavirus, but the outcome of an infection is influenced by everything from age to race to the environment. Understanding the connection between disease and pollution can help us address those risks going forward.

Dave Lawler, author of World
Nov 4, 2020 - World

Italy imposes regional lockdown as coronavirus cases spike

Prime Minister Giuseppe Conte (c) made the call. Photo: Antonio Masiello/Getty Images

Much of Italy will be placed under a strict lockdown as of Friday in the most drastic steps the country has taken to fight the coronavirus since it led the world into lockdown nearly eight months ago.

The big picture: Italy managed to keep the spread of the virus largely under control for months after a brutal first wave. But like much of Europe, it's currently recording unprecedented daily case counts and scrambling to avoid a return to overcrowded hospitals and climbing death tolls in the coming weeks.

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