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We’re About To Get A Ton Of New Economic Data

In times of crisis, the kind of economic data that is ordinarily only of interest to economists and finance pros draws more attention from the rest of us as we look for signs of what is going on, and what is to come. Last week’s jobless claims number, the highest in United States history, was a sobering look at what is in store economically. This week we’ll get another round of jobless claims numbers, along with looks at manufacturing and service jobs that will help us understand the veloc...
Tags: News, Economy, United States, Manufacturing, Joe Ragazzo, Bloomberg News, Editors' Blog, COVID-19


Toilet paper is a giant waste of resources

Toilet paper consumption is unsustainable and requires a tremendous amount of resources to produce.Americans use the most toilet paper in the world and have been hoarding it due to coronavirus.Alternatives to toilet paper are gaining more popularity with the public. A surprising byproduct of the coronavirus pandemic has been its effect on the availability of toilet paper. American shoppers have vacuumed the shelves all around the country, stockpiling toilet paper and other paper products with p...
Tags: Japan, Resources, Environment, Economy, Virus, Public Health, Innovation, North America, Consumerism, Statista, Germany UK, Coronavirus


South Africa has been junked

Treasury says the credit ratings downgrade “could not have come at a worse time”, as country enters a 21-day Covid-19 lockdown with little money saved up The post South Africa has been junked appeared first on The Mail & Guardian.
Tags: Business, Economy, Article, South Africa, Treasury, Fitch, SA Reserve Bank, Moody's, S&P Global, Tito Mboweni, Mboweni, Coronavirus, The Editors Picks, COVID-19, Junk Status


Who gets a stimulus check? And beware of coronavirus scams

Retirees, workers and people laid off from work all will get coronavirus-related stimulus checks as long as they have a Social Security number, filed tax returns in 2018 or 2019 and meet the income requirements. The checks will be sent via direct deposit if the IRS has bank account information from previous tax filings. If the IRS doesn’t have that info, expect a check in the mail. People should start receiving relief checks, or direct deposits, within three weeks, according to Treasury Secretar...
Tags: Business, News, California News, Infographic, Sport, Economy, Soccer, Alaska, Treasury, Fda, Business Education, Centers For Disease Control And Prevention, Irs, Federal Trade Commission, Ftc, U S Food and Drug Administration


In coronavirus shutdown, Britain will pay self-employed people 80% of average monthly profit

Wouldn't it be amazing if the United States did this? Britain’s finance minister Rishi Sunak said Thursday all self-employed citizens will receive a taxable grant of 80% of their average monthly profits as part of the government’s coronavirus response plan. From Reuters: “The government will pay self-employed people who have been adversely affected by the coronavirus a taxable grant worth 80% of their average monthly profits over the last 3 years up to 2,500 pounds per month,” Sunak said at ...
Tags: Post, UK, News, World news, Economy, Public Health, Britain, United States, Outbreak, Reuters, Rishi Sunak, Coronavirus, Sunak, COVID-19, COVID


On R.R. Reno’s Faulty History

In a widely criticized essay on current state imposed social distancing, First Things editor R.R. Reno said the following about social reaction to the 1918 Spanish Flu epidemic: More than one hundred years ago, Americans were struck by a terrible flu pandemic that affected the entire world. Their reaction was vastly different from ours. They continued to worship, go to musical performances, clash on football fields, and gather with friends. After insisting that Americans of 1918 understood metho...
Tags: Health, Economy, History, Dallas, Nashville, Philadelphia, Health Care, Worcester, Infertility, Reno, John Barry, Wichita, Baltimore Sun, St, Evanston IL, Louis Columbus


500 Startups moves to rolling admissions instead of cohorts

500 Startups is scrapping its cohort model for accelerating companies and moving to a rolling admissions process, the accelerator said during its latest demo day. One of the progenitors of the accelerator model in the US along with Techstars and Y Combinator, 500 has been a cornerstone of the early-stage company building platform. The move to a rolling admissions mirrors an approach taken by other accelerator programs including MuckerLab, the wildly successful Los Angeles-based early stage progr...
Tags: TC, Y Combinator, Accelerator, Finance, US, Los Angeles, San Francisco, Tech, Investment, Economy, United States, 500 Startups, TechStars, Startup Accelerator, Startup Company, Business Incubators


3 Ways to Endure Tough Times

When tough times bring stress and anxiety, use these three attitudes to improve your mindset and take on the challenge. Tough times, stress, anxiety, financial worries, how do you deal with it? Hear us discuss three attitudes that will help on The BIGG Success Show Here’s a summary of that discussion. During tough times, especially […] The post 3 Ways to Endure Tough Times appeared first on Bigg Success. [click the title link above to read our full post]
Tags: Business, Podcast, Money, Finance, Careers, Entrepreneur, Economy, Stress, Anxiety, Mindset, Attitude, Personal Development, Worry, Audioblog, Bigg Success, George Krueger


Will unions grow from coronavirus workplace safety fears?

On March 25, 1911, Fannie Lansner — an immigrant from Lithuania and a supervisor at the Triangle Waist Co. — directed co-workers out of the burning building, but her actions prevented her own timely exit. She was just 21. Apr. 1, 2011 – BROWN BROTHERS On March 25, 1911, a fire broke out in the Triangle Waist Factory in New York’s Greenwich Village. Workers tried to make their way downstairs, but the doors on their floor were always locked and the fire escape soon crumpled. Pictured: Women sit...
Tags: Business, New York, Jobs, California, Housing, New York City, Los Angeles, Sport, Economy, Soccer, Bangladesh, Lithuania, National Archives, San Bernardino, Don, Brown


Governors Across The Nation Are Rejecting Trump’s Call To Reopen Economy

AUSTIN, Texas (AP) — Governors across the nation on Tuesday rejected President Donald Trump’s new accelerated timeline for reopening the U.S. economy, as they continued to impose more restrictions on travel and public life in an attempt to curb the spread of the coronavirus. The dismissal of Trump’s mid-April timeframe for a national reopening came from Republicans and Democrats, from leaders struggling to manage hot spots of the outbreak and those still bracing for the worst. Maryland Gov. L...
Tags: New York, Texas, News, Maryland, California, Washington, White House, Economy, Ap, Cnn, Arizona, Fox News, Michigan, Andrew Cuomo, Illinois, Donald Trump


Financial markets may be sliding globally, but interest in stock trading apps soars

The stock markets are having a very rough month, but interest in stock trading apps is skyrocketing, according to data from industry trackers and companies themselves. Across the board from speculative stock trading apps from startups like Robinhood to savings-focused investment applications like Acorns and established companies like Etrade, would-be investors are turning to trading even as the markets are at their most volatile. Following precipitous declines over the past week, stocks were ...
Tags: TC, Money, Finance, Chief executive officer, Tech, Economy, President, Stock Market, Robinhood, App Annie, Trump, Etrade, Acorns, Kerner, Noah Kerner, Kerner The President and Administration


Africa turns to mobile payments as a tool to curb COVID-19

Africa is using digital finance as a means to stem the spread of COVID-19. Governments and startups on the continent are implementing measures to shift a greater volume of payment transactions toward mobile money and away from cash — which the World Health Organization flagged as a conduit for the spread of the coronavirus. It’s an option facilitated by the boom in fintech that’s occurred in Africa over the last decade. By several estimates, the continent is home to the largest share of the worl...
Tags: TC, Money, Mexico, Nigeria, Africa, Tech, Ceo, Economy, United States, South Africa, President, Vodafone, Cape Town, Mobile Payments, Kenya, World Health Organization


African turns to mobile payments as a tool to curb COVID-19

Africa is using digital finance as a means to stem the spread of COVID-19. Governments and startups on the continent are implementing measures to shift a greater volume of payment transactions toward mobile money and away from cash — which the World Health Organization flagged as a conduit for the spread of the coronavirus. It’s an option facilitated by the boom in fintech that’s occurred in Africa over the last decade. By several estimates, the continent is home to the largest share of the worl...
Tags: TC, Money, Mexico, Nigeria, Africa, Tech, Ceo, Economy, United States, South Africa, President, Vodafone, Cape Town, Mobile Payments, Kenya, World Health Organization


Los Angeles billionaire: Coronavirus puts real estate ‘on brink of collapse’

When real estate tycoons trash talk their own market, you know something’s wrong. Tom Barrack, the Los Angeles real estate tycoon, has a stark review of the commercial property market amid the coronavirus economic meltdown. “On the brink of collapse.” Now you may be thinking. “Commercial property? That’s for rich folks!” Yes, fortunes have been made financing and owning everything from office towers to malls to hotels to warehouses to apartments. But where would you live, shop, work or play with...
Tags: Business, Real Estate, Los Angeles, Sport, Economy, Soccer, Federal Reserve, Commercial Real Estate, Trump, Freddie Mac, Barrack, Tom Barrack, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB


L.A. billionaire: Coronavirus puts real estate ‘on brink of collapse’

When real estate tycoons trash talk their own market, you know something’s wrong. Tom Barrack, the Los Angeles real estate tycoon, has a stark review of the commercial property market amid the coronavirus economic meltdown. “On the brink of collapse.” Now you may be thinking. “Commercial property? That’s for rich folks!” Yes, fortunes have been made financing and owning everything from office towers to malls to hotels to warehouses to apartments. But where would you live, shop, work or play with...
Tags: Business, Real Estate, Los Angeles, Sport, Economy, Soccer, Federal Reserve, Commercial Real Estate, Trump, Freddie Mac, Barrack, Tom Barrack, Top Stories LADN, Top Stories OCR, Top Stories PE, Top Stories IVDB


Dow jumps over 11% in largest one-day gain since 1933

Today, the Dow Jones Industrial Average experienced its largest gain in a single day since 1933. From the Wall Street Journal: U.S. stocks rallied sharply Tuesday, with the Dow surging to its biggest one-day gain in more than 85 years on signs that lawmakers and the Trump administration were nearing a deal on a giant stimulus package aimed at limiting the economic fallout of the coronavirus pandemic. The Dow Jones Industrial Average gained 2,113 points, or 11.4%, as of 4 p.m. Eastern time. Th...
Tags: Post, Business, Money, News, Congress, Finance, US, World news, US news, Economy, Federal Reserve, Dow, Trump, Matt Lee, Financial News, Coronavirus


Right-wing websites are weighing the pros and cons of letting people die from coronavirus to help the economy

It's already been reported that Trump is getting antsy about all the social-distancing quarantines intended to flatten the curve of coronavirus deaths, and that he's eager to return things to business-as-normal. Who cares about a million deaths as long as the economy is moving, amirite? I'm sure his decision has nothing to do with the fact that his own hotels are hurting from the shutdown. Again, what's a few million lives compared to the President's personal profits? Unfortunately, Trump is not...
Tags: Post, News, California, America, The Economy, Economy, Trump, Verbruggen, Robert VerBruggen, Trumponomics, Economic Collapse, Economic Sadism, Economic Possibilities For Our Grandchildren, Robert VerBruggen National Review, Regulatory Review, Coronavirus


Navigating the Business Impact of Coronavirus

The past few weeks have been a whirlwind of upheaval. Coronavirus has swept through the world and left us with a mountain of uncertainty. Many solos are anxious about the future. Some have already experienced clients pausing services. Chip Griffin, Founder of Leadership Agency Advisors addressed those concerns and provided practical guidance for solos in this time of crisis. While we have never experienced anything like this, we have had adverse times. Chip has decades of experience helping agen...
Tags: Economy, Pr, Chip, Economic Downturn, Living the Life, Twitter DM, Finding Clients, Karen Swim, Coronavirus, Covid 19, Chip Griffin Founder of Leadership Agency Advisors, Артём Мякинник


As Coronavirus Cases Spike, Trump Insists The Economic Impact Could Be Deadlier

Comparing the threat of COVID-19 to automobile accidents, seasonal flu fatalities and suicides on Monday, President Donald Trump made his position on the novel coronavirus’ impact on the economy clear. “Our country wasn’t built to be shut down,” he said, over and over. He repeatedly talked about the importance of reopening the economy, despite a spike in coronavirus cases and a growing death toll. Trump was referencing the extreme and necessary methods some cities, states and even the federal...
Tags: News, White House, America, Economy, United States, Idaho, Nebraska, Donald Trump, Trump, Mike Pence, Matt Shuham, Coronavirus, COVID-19, Deborah Birx, Spike Trump


Coronavirus help: 2 big California apartment landlords offer rent-deferral plans

Two large California residential landlords are offering financial help for tenants suffering from coronavirus-related layoffs or income losses. The coronavirus fallout has already ravaged the local economy and caused significant job losses. That, in turn, has increased pressure on various industries to adjust pricing. The spotlight has been on landlords as rent is considered a tenant household’s biggest expense, and an April 1 payment is coming due. One of Orange County’s biggest landlords, Irvi...
Tags: Business, Real Estate, California, Housing, Sport, Economy, Soccer, Essex, Orange County, California Apartment Association, Southern California, Fed, Fashion Island, Newport Beach, Ralphs, Irvine Co


Coronavirus help: Landlords urged to freeze rents, halt evictions by their own trade groups

California landlords are being urged by major trade groups to freeze rents and stop evictions due to the economic wallop of coronavirus. California Apartment Association said Monday, March 23, it has told its member landlords that through May 31 they should freeze rents; stop evictions “absent extraordinary circumstances’; wave late-payment fees for impacted residents; and offer flexible repayment options for those late rents. “Communicate with residents proactively that you are available to ass...
Tags: Business, Real Estate, Congress, California, Housing, Sport, Economy, Soccer, California Apartment Association, Gavin Newsom, Southern California, Newsom, National Multifamily Housing Council, Top Stories LADN, Top Stories OCR, Top Stories PE


Bubble Watch: Coronavirus canceled fun. What state economy suffers the most?

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: The business of “fun” is dead. And that industry’s work represents a little more than 1-in-5 Californias jobs. Source: My trusty spreadsheet, filled with job data from the Economic Policy Institute. The Trend Bosses that provide us with fun — the leisure, hospitality, and retail industries — once employed 3.69 million Californians or 21.2% of all jobs statewide. That was “BC” — before coronav...
Tags: Business, Florida, Real Estate, New York, Jobs, Minnesota, California, Montana, Sport, Economy, Soccer, New Hampshire, Hawaii, Tourism, Kansas, Nebraska


Trump Flirting With Discouraging Social Distancing To Rescue Tanking Economy

President Donald Trump and Treasury Secretary Steve Mnuchin have reportedly been discussing potential plans to discontinue the White House’s tight social distancing guidelines in an effort to juice the sagging economy amid the COVID-19 outbreak. The White House had issued an official recommendation last Monday urging Americans to stay away from work (with the exception of those in the “critical infrastructure industry”) and avoid bars, restaurants, and unnecessary shopping trips for the next ...
Tags: News, White House, Economy, Hilton, Treasury, Fox News, Donald Trump, Trump, Bloomberg News, John Whitehouse, Steve Mnuchin, Cristina Cabrera, Steven Hilton, COVID-19


Federal Reserve Ramps Up Efforts To Support Economy

WASHINGTON (AP) — In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also begin lending to small and large businesses and local governments to help them weather the crisis. The Fed’s announcement Monday removes any dollar limits from its plans to support the flow of credit through an economy that has been ravaged by the viral outbreak. The central bank’s all-out effort has now gone be...
Tags: News, Washington, Economy, Ap, United States, Treasury, Fox News, Federal Reserve, Brookings Institution, Dow Jones, Fed, The Fed, Treasury Department, Treasuries, Kohn, New York Federal Reserve


Fed to buy as much government debt as needed to aid coronavirus-battered economy

By CHRISTOPHER RUGABER | AP Economics Writer WASHINGTON — In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will also begin lending to small and large businesses and local governments to help them weather the crisis. The Fed’s announcement Monday removes any dollar limits from its plans to support the flow of credit through an economy that has been ravaged by the viral outbreak. The centr...
Tags: Business, Politics, News, Congress, Washington, Sport, Economy, Soccer, United States, Treasury, Federal Reserve, Fed, The Fed, UCI, Congressional, Treasury Department


Global Economists to U.K. Government: ‘Self-Employed Have Been Left Out in the Cold’

Several economists, academics and directors of research institutions from around the world have written to Rishi Sunak, the U.K. Chancellor of the Exchequer, asking the government to extend support to the self-employed. In a letter published in The Times newspaper on Monday, the signatories wrote: “We welcome the support for the employed, but the self-employed […]
Tags: Health, News, Global, Economy, Freelancers, Times, Entertainment Industry, Rishi Sunak, Coronavirus


Bubble Watch: Coronavirus may clobber ‘overvalued’ housing markets

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: With home prices looking very vulnerable to coronavirus fallout, 17 states were found to have overvalued housing in the fourth quarter, up from 15 at the end of 2018 and 14 at 2017’s close. Source: Fitch Ratings The Trend Analysts at Fitch Ratings estimate U.S. home values, when compared with their economic underpinnings, were 1.5% overvalued at the end of 2019. But the national picture showe...
Tags: Utah, Business, Florida, Real Estate, Texas, Jobs, Maryland, Colorado, California, Housing, Washington, Oregon, Los Angeles, San Francisco, West Virginia, Sport


Hollywood Seeks Government Help Amid Coronavirus Shutdowns, but Industry Bailout Unlikely

The members of Congress who represent the entertainment industry are trying to make sure the next coronavirus relief package includes aid to freelance workers. But while there is sympathy for the theater business — which has almost entirely shut down — there appears to be little appetite for an industry-specific bailout package. Congressional Democrats are […]
Tags: Hollywood, News, Congress, Economy, Brad Sherman, Adam Schiff, Coronavirus


Bubble Watch: Charting 9 ways coronavirus hits the economy

“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. A slideshow follows highlighting some worrisome trends. Patients lie on their hospital beds after being evacuated following an earthquake in Mexico City, Tuesday, Sept. 19, 2017. A powerful earthquake jolted central Mexico on Tuesday, causing buildings to sway sickeningly in the capital on the anniversary of a 1985 quake that did major damage. (AP Photo/Rebecca Blackwell) Washington Redskins’ Ry...
Tags: Business, Florida, Washington, Mexico, NFL, Sport, Economy, Soccer, Mexico City, Cuba, Donald Trump, Roma, Caribbean, British Virgin Islands, Capitol, John McCoy


Coronavirus pushes California unemployment claims to 80,000 in a day

As the coronavirus hammers the economy, Californians are losing their jobs and racing to get unemployment benefits. The latest U.S. Bureau of Labor Statistics report shows Californians filed 58,208 initial claims for jobless benefits in the week ended March 14 — an increase of 34% in a week and up 42% vs. a year earlier. The state’s no outlier. Nationwide, 250,892 claims were filed in the same period —  up 25% in a week and an increase of 29% in a year. These increases are the tip of the iceberg...
Tags: Business, Florida, Jobs, California, Washington, Sport, Economy, Soccer, New Hampshire, Michigan, Nevada, North Carolina, District Of Columbia, Gavin Newsom, U S Bureau of Labor Statistics, Newsom