marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
epidemic
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 […]
05/21/2020
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By Franz Walker
Walmart: Demand for household essentials went up as people stockpiled during lockdowns
“Unprecedented demand” for household essentials in the middle of coronavirus lockdowns has caused sales to spike, according to Walmart. However, the world’s biggest retailer remained cautious as the pandemic also caused a number of issues for it. On Tuesday, Walmart said that some products were selling in two or three hours what would normally take […]
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 […]
04/08/2020
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By News Editors
If lockdown is a needless over-reaction, then why did China locked down half its economy?
Recall that the initial deaths and related costs are only the first-order effects; policy makers have to consider the second-order effects. (Article republished from CharlesHughSmith.Blogspot.com) Everyone who reckons that the lockdown is needless and more destructive than the pandemic that triggered it has to answer this question: then why did China lockdown half its economy? The […]
04/05/2020
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By JD Heyes
Liberal states facing a COLLAPSE of state incomes thanks to coronavirus shutdowns: Will pensions collapse, too?
The longer the Wuhan coronavirus (COVID-19) pandemic lasts, the longer governors and mayors will keep ‘stay-at-home’ policies in place, and the longer those last, the longer ‘non-essential’ businesses will be closed and Americans will be laid off from their jobs. And the longer states will be starved for income taxes, which is creating a new […]
02/16/2020
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By JD Heyes
China’s power consumption plunges as coronavirus pandemic shutters factories; economic numbers certain to plunge next
Several analysts have been keeping an eye on China’s internal economic activity as another way of gauging how severe the coronavirus spread really is and how drastic the government’s actions are to contain it. Over the past few days, these analysts have been able to piece together a number of indicators suggesting that a) the […]
01/28/2020
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By JD Heyes
Stock market takes hit as fears rise over global Coronavirus pandemic, rising infection rate in China
Stocks fell on Wall Street Monday as fears of a global Coronavirus pandemic affected market forecasts as traders appeared cautious and concerned. As reported by Breitbart News, “the Dow Jones Industrial Average was down 440 points, or 1.52 percent. The S&P 500 dropped 1.32 percent. The Nasdaq Composite fell 1.75 percent. The Russell 2000 index […]
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