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News & Articles By Ramon Tomey
10/06/2020
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By Ramon Tomey
More than half of US states unable to pay their debts – report
A report examining all 50 U.S. states’ fiscal health found that 39 of these do not have enough money to pay their bills. The eleventh edition of the Financial State of the States report, published by non-profit organization Truth in Accounting (TIA), showed that the total debt among all 50 states amounted to $1.4 trillion […]
10/01/2020
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By Ramon Tomey
Almost three-quarters of all U.S. hotels to lay off employees due to coronavirus pandemic
The hospitality industry in the U.S. has been reeling from the effects of the coronavirus pandemic, with hotels furloughing their staff – if not laying them off. In fact, 74 percent of hotels would be forced to lay off more employees if the federal government does not help them tide over. A study released by […]
09/02/2020
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By Ramon Tomey
Citizens selling gold for cash in India as coronavirus lockdowns devastate local economies
Many countries in the world were affected by the coronavirus pandemic in more ways than one – India being one of them. With tough times ahead due to an economic downturn, Indians are pawning family gold for some much-needed quick cash. Delhi resident Jasmine Nair had to sell her family gold in July after their cash […]
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