25% Of US Restaurants Will Never Reopen: Opentable
Total restaurant reservations, walk-in customers have fallen 95%
Tag: Economy
Dems Pushing to Give Colleges Another $10 Billion
New coronavirus bill also forgives student loan debt
America’s Disastrous COVID-19 Unemployment Crisis Deepens
Over 36 million have filed for unemployment since lockdown began
Hertz Cancels 90% of New Car Purchases, Further Pressuring Already Desperate Automakers
Coronavirus lockdown drastically impacting markets
Georgetown Gives Raises After Getting Millions in Coronavirus Aid
Graduate student workers to see stipends increased on taxpayer dime
States Are Now Wrestling With The Biggest Budget Crisis They Have Faced In All Of U.S. History
At some point this coronavirus pandemic will fade, but there will be no running away from the consequences of decades of exceedingly foolish decisions.
How Bad Is It?
Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction
Economist Raises Alarm on Coming Inflation Crisis
Says inflation will rise much faster, sooner than people think
Can Monopoly Money Save the Stock Market? Or Will It Buy Stagnation?
Rather than spurring real economic gains, the Federal Reserve’s unorthodox QE program has supported and extended the debt grid and generated asset exuberance. But this can only go on as long as there’s capacity for more debt
New GOP Bill Aims to Cut US Reliance on China’s Rare Earth Metals
Economic decoupling from China speeding up
India, US Discuss Moving Industrial Supply Chain From China
COVID-19 pandemic putting immense strain on international relations
Viruses vs Lockdowns: It’s Not About Tradeoffs
Presenting “saving lives” as a more or less equal alternative to commerce and community presents a misguided view of what the lockdown debate is really all about
Household Debt Was $1.6 Trillion Higher Than ’08 Peak Before COVID-19
Americans wracked with one crisis after another
How This Crisis Differs from the 2008–2009 Financial Crisis
In this crisis the money supply has already increased far more than during the last crisis, for example
Peter Schiff: These Jobs Aren’t Coming Back
Recent surge largest and most sudden rise in joblessness since government started tracking the numbers