marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
superbugs
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 […]
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 […]
07/06/2020
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By Ralph Flores
The Cook Islands has no coronavirus cases – and no source of income
The Wuhan coronavirus (COVID-19) has infected over 5.5 million people and caused over 350,000 deaths – but not one of them comes from the Cook Islands, a place considered by many as the world’s last perfect island destination. But being one of the few countries without COVID-19 can come with a heavy toll. With the country barring international […]
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