marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
outbreak
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 […]
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 […]
09/02/2020
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By Ramon Tomey
Citizens selling gold for cash in India as coronavirus lockdowns devastate local economies
Many countries in the world were affected by the coronavirus pandemic in more ways than one – India being one of them. With tough times ahead due to an economic downturn, Indians are pawning family gold for some much-needed quick cash. Delhi resident Jasmine Nair had to sell her family gold in July after their cash […]
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 […]
08/31/2020
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By Ralph Flores
MASS HOMELESSNESS: Housing crisis looms as eviction protections expire
A national housing crisis could hit the U.S. as early as late August, as rent payments resume for many residents across the country. According to a think tank called the Aspen Institute, up to 40 million people are at risk of eviction in the coming months as residents struggle to make rent amid the economic fallout […]
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 […]
08/11/2020
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By Cassie B.
Most New York City restaurants won’t be able to pay their July rent, survey finds
The economic effects of the coronavirus crisis are being felt deeply in the New York City restaurant industry. July was just the latest in a string of disappointing months for the city’s restaurants, bars and clubs, and a new survey has found that most of these establishments will be unable to pay their rent for […]
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 […]
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