marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
coronavirus
10/16/2020
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By Franz Walker
Coronavirus threatening jobs as hospitality industry turns to automation
Jobs in the hospitality industry will be the hardest hit as businesses increasingly turn to automation in the face of the Wuhan coronavirus (COVID-19) pandemic. The prediction came from a study by the Royal Society for Arts, Manufactures and Commerce (RSA). Researchers from the London-based think tank found that the ongoing pandemic is increasing the demand […]
10/13/2020
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By Franz Walker
Coronavirus lockdowns causing jump in suicides among middle-class workers in India
The ongoing Wuhan coronavirus (COVID-19) pandemic and the measures to slow its spread are taking a serious mental toll on people around the world. In India, suicides among professionals are on the rise as the pandemic has forced companies to cut jobs, exacerbating what has been a growing problem for the country. Even before the […]
10/11/2020
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By Ethan Huff
States that “overpaid” covid unemployment benefits now demanding restitution
Multiple states are claiming that they “accidentally” overpaid workers who were unemployed and stuck at home during the worst of the Wuhan coronavirus (covid-19) plandemic, and now they want all that money returned. Though said funds have long been spent by most of the cash-strapped individuals who received them, state governments are demanding that excess […]
10/09/2020
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By Ramon Tomey
Coronavirus pandemic lockdowns worsen the “debt mountain” problem of the American middle class, which is being deliberately CRUSHED
Forty-three-year old Alysse Hopkins and her husband Ian Boschen earned a comfortable living in the suburbs of New York City. Their combined income of $175,000 covered the mortgage, two car leases, student loans, credit cards and the expense of raising two daughters. But Hopkins’ work as a lawyer representing clients in foreclosure cases and personal […]
10/08/2020
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By JD Heyes
No, “coronavirus” hasn’t thrown 100 million into extreme poverty… virus LOCKDOWNS did that
For the first time in recorded history, world leaders who are supposed to have access to cutting-edge research and science, closed down their countries, shuttered their economies and ordered their people locked away, for the most part, in response to a new virus pandemic, COVID-19. Predictably, thousands of businesses and firms closed. Factories shut down, […]
10/06/2020
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By Zoey Sky
Palmer House Hilton hotel hit with foreclosure, the latest blow to the industry by the coronavirus
The Wuhan coronavirus has forced many businesses to shut down. While some industries — like bars and restaurants — have managed to survive, even with restrictions in place, the hospitality industry isn’t as fortunate, with hotels suffering greatly because of the pandemic. A painful example of how the industry has struggled amid the pandemic is the […]
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 […]
10/01/2020
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By Franz Walker
Consumer confidence in US economy grows as unemployment, coronavirus caseloads shrink
As the labor market continues to improve and the summer coronavirus surge recedes, American consumers are growing more optimistic about the state of the U.S. economy. This is according to recent surveys conducted in September. The surveys were conducted by the Conference Board, a non-profit private research group that counts over 1,000 public and private […]
09/25/2020
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By Zoey Sky
As extra unemployment benefits run out, laid-off workers scramble to look for jobs amid coronavirus pandemic
The Wuhan coronavirus (COVID-19) pandemic has been hard on everyone, but laid-off workers in America have been struggling the hardest. While a short term extension of relief has helped them put food on the table, many unemployed Americans are struggling to look for jobs as extra unemployment benefits are starting to run out. Running out […]
09/23/2020
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By Franz Walker
BLOWOUT: Coronavirus relief spending will cause federal debt to increase to 104 percent of GDP by next year
The ongoing Wuhan coronavirus (COVID-19) pandemic, including federal relief efforts to blunt its impact on the economy, will cloud the U.S.’s long-term fiscal outlook for decades to come. This analysis comes from the Congressional Budget Office (CBO), which released new forecasts Monday, showing that federal debt will likely surge to 104 percent in 2021 and be nearly twice […]
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