marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
flu
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 […]
10/06/2020
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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 […]
09/05/2020
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By Ralph Flores
Is China’s banking system headed for a debt collapse?
China’s economy is recovering from the coronavirus shock. The country’s industrial sector, largely paralyzed during the height of the pandemic, is steadily returning to pre-COVID-19 levels, thanks to resilient exports, latent demand and stimulus-driven infrastructure expansion. In addition, increased activity in the construction and services sectors have also bolstered growth. But recovery for the world’s […]
08/31/2020
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By Franz Walker
Coronavirus batters New York City’s luxury real estate market
The ongoing Wuhan coronavirus (COVID-19) pandemic has pounded New York City’s luxury real estate market, which is seeing values fall at a rate that surpasses that of both the Great Recession of 2008, as well as the period immediately after the 9/11 attacks. New York City home sales, in general, plummeted 50 percent in July with […]
08/30/2020
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By Zoey Sky
Coronavirus lockdowns are “overly blunt and costly” … economists and health experts point to a more effective way
As the coronavirus (COVID-19) pandemic spread like wildfire throughout America, the country was forced to implement something it has never tried before: Blanket business shutdowns. However, this tactic has resulted in a deep recession. While the pandemic spreads, economists and health experts suggest that it may be time to try a different and more effective plan. […]
08/17/2020
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By Ralph Flores
US cities see record wealth losses caused by economic fallout from coronavirus lockdowns
Many cities in the U.S. are reeling from the economic impact caused by the coronavirus, the worst economic crisis since the Great Depression of the 1930s. In particular, major cities are reporting record losses in combined wealth, with residents of New York City reporting a loss of over $336 billion, or 13 percent, following the […]
07/18/2020
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By Arsenio Toledo
Georgia Gov. Kemp says mask mandate will cause unemployment to skyrocket
Georgia Gov. Brian Kemp stated Friday that a mask mandate could cause unemployment in the state to rise. Kemp, however, still admitted that wearing face masks had benefits when it came to fighting the Wuhan coronavirus (COVID-19). “This is not about masks,” Kemp told reporters at the Georgia State Capitol building in downtown Atlanta. “We all agree it’s good […]
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 […]
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