marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
novel coronavirus
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 […]
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. […]
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 […]
05/02/2020
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By Ethan Huff
Boeing lays off 16,000 employees because nobody is ordering new planes due to the coronavirus pandemic
More than 16,000 employees at Boeing have been axed amid the Wuhan coronavirus (COVID-19) crisis as the manufacturing giant faces a lack of new orders for airplanes. A whopping one in 10 people who make up Boeing’s entire global workforce is now jobless as the airplane company deals not just with declining demand but also […]
04/28/2020
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By Ethan Huff
Thousands of US businesses to permanently close due to coronavirus lockdowns
As some states begin the slow process of reopening their economies, many businesses that were forced to shutter due to the Wuhan coronavirus (COVID-19) lockdowns – and especially the smaller ones – might never reopen at all because of their immense losses. With 22 million Americans-and-counting filing for unemployment benefits, many economists are saying that […]
03/29/2020
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By Ethan Huff
The FDIC is urging Americans to keep their money in the banks… practically an admission that you probably shouldn’t
The Federal Deposit Insurance Corporation (FDIC) put out a video recently urging Americans not to withdraw their money from banks because the banking system is supposedly doing just fine. But if that’s really true, then why say anything about it at all? FDIC Chairwoman Jelena McWilliams basically told America that the safest place to keep […]
03/25/2020
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By Ethan Huff
Economist says we can’t let coronavirus kill the economy, urges placing Wall Street profits above human lives
Thomas Sowell once wrote, “There are no solutions. There are only tradeoffs.” And aren’t we ever seeing that today with the Wuhan coronavirus (COVID-19) crisis as society grapples with the moral dilemma of getting the economy started back up again to prevent a total collapse, or keeping everything locked down to protect public health. Some […]
03/11/2020
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By Ethan Huff
All mortgage payments to be terminated across Italy due to coronavirus
Now that the entire nation of Italy is under mandatory lockdown due to the Wuhan coronavirus (CoVid-19), officials there are readying to suspend all mortgage payments and even some tax payments to help the nation’s confined citizens avoid going broke. Reports indicate that movement has now been restricted for some 60 million Italians, meaning they […]
02/15/2020
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By Ethan Huff
Apple shuts down Foxconn facility in China due to coronavirus (no more iPhones?)
While most people are focused on the direct human impact of the Wuhan coronavirus in terms of its risk of spread, far fewer are paying attention to the dire economic impacts of having to keep Chinese factories closed due to the outbreak, including at least one factory owned and operated by Apple iPhone maker Foxconn. […]
02/06/2020
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By Ethan Huff
Hyundai, Kia shut down production due to coronavirus
With Chinese New Year celebrations winding down, companies in China would normally be opening back up for business. Because of novel coronavirus, however, many of them will remain shuttered indefinitely, which means companies in other countries that rely on them for parts and supplies are also having their businesses interrupted or halted. According to reports, […]
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