marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
disease
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 […]
09/11/2020
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By Franz Walker
California started sending out FEMA-funded unemployment payments on Labor Day
On September 7, Labor Day, California started sending out unemployment payments of $900 each to 3.1 million eligible claimants, drawn from the Federal Emergency Management Agency (FEMA). The California Employment Development Department (EDD), which handles state and federal unemployment claims for California, is sending out three weekly payments of $300 under the Federal Lost Wages Assistance program, as authorized […]
07/18/2020
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By Franz Walker
Resurgent coronavirus caused consumer sentiment to drop in early July
Consumer sentiment has declined in the first half of July following the reversal of the economic reopenings of several states in the face of a resurgent Wuhan coronavirus (COVID-19) pandemic. The University of Michigan’s Index of Consumer Sentiment slid to 73.2 percent during July’s preliminary reading, down from 78 percent at the end of June. The slump runs […]
07/13/2020
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By Franz Walker
OECD urges governments to scale back coronavirus-related wage subsidies
The Organization for Economic Cooperation and Development (OECD) is now asking governments to stop wage subsidies meant to keep workers employed to encourage these workers to move out of shrinking sectors. This is despite the organization still encouraging governments to continue paying unemployment benefits. Founded in 1961, the 37-member OECD’s job is to stimulate economic progress and world […]
07/09/2020
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By Franz Walker
United Airlines preparing to furlough 36,000 workers due to coronavirus collapse
United Airlines has announced plans to furlough up to 36,000 workers – just under half of its U.S. workforce – due to losses sustained from measures to stem the spread of the Wuhan coronavirus (COVID-19). On Wednesday, the Chicago-based carrier stated that it may furlough up to 15,100 flight attendants, 2,250 pilots, 11,000 airport operations personnel. […]
06/15/2020
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By Franz Walker
Coronavirus recession will hurt low-income and emerging market economies for years
As the world starts to recoup its losses over the economic carnage brought on by measures to stop the Wuhan coronavirus (COVID-19), it’s becoming clear that recovery will not be easy. A new study from the World Bank states that low-income and emerging market economies will remain deeply damaged five years after the pandemic. The ongoing coronavirus pandemic has already […]
06/12/2020
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By Franz Walker
PLANNED DESTRUCTION: Coronavirus lockdowns eliminated African American employment gains from the past decade
Efforts to stall the spread of the Wuhan coronavirus (COVID-19) not only brought the economy to a halt, but they also ended what had been the best African American job market on record. The decadelong economic expansion brought with one of the most promising economies for African Americans in recent memory. Not only did their unemployment reach […]
05/26/2020
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By Ralph Flores
As Brazil suffers deadliest day of outbreak, Bolsonaro insists people get back to work
Brazil reached a grim milestone on May 19, as its daily deaths from the Wuhan coronavirus (COVID-19) hit over 1,000 for the first time. The country has 310,087 confirmed cases, according to data from Johns Hopkins University, but public health experts believe the actual caseload is higher because of insufficient testing. Despite these figures, President Jair […]
05/14/2020
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By Franz Walker
Dubai in crisis as the coronavirus pandemic halts global trade
Dubai, a city built on the promise of globalization and free trade, is now under threat as the coronavirus (COVID-19) pandemic puts a stop to global economic activity. As flights have been grounded and investments halted, the emirate and its vast web of state-linked industries are facing billions of dollars in looming debt payments. “They facilitate the transport […]
05/12/2020
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By Franz Walker
Is President Trump underestimating the coronavirus in his bid to reopen America?
Despite having the highest coronavirus caseload in the world, many states in America have unveiled plans to open up, as part of President Donald Trump’s gamble to get the economy back on track. Official coronavirus reports from the field, however, paint a grim picture – showing that the president may be wildly underestimating the pandemic. For instance, Nebraska Gov. Pete Ricketts […]
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