marketcrash
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coronavirus
10/08/2020
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By JD Heyes
No, “coronavirus” hasn’t thrown 100 million into extreme poverty… virus LOCKDOWNS did that
For the first time in recorded history, world leaders who are supposed to have access to cutting-edge research and science, closed down their countries, shuttered their economies and ordered their people locked away, for the most part, in response to a new virus pandemic, COVID-19. Predictably, thousands of businesses and firms closed. Factories shut down, […]
10/08/2020
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By Zoey Sky
Disney to lay off 28,000 workers in belt-tightening move amid coronavirus pandemic
It looks like the “happiest place on earth” is about to be the saddest one for thousands of workers after Walt Disney Co. announced that it will lay off 28,000 employees because of the coronavirus (COVID-19) pandemic. Travel and other experiences struggled during the pandemic Even Disney, a mass media and entertainment conglomerate, isn’t immune to […]
10/01/2020
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By Ramon Tomey
Almost three-quarters of all U.S. hotels to lay off employees due to coronavirus pandemic
The hospitality industry in the U.S. has been reeling from the effects of the coronavirus pandemic, with hotels furloughing their staff – if not laying them off. In fact, 74 percent of hotels would be forced to lay off more employees if the federal government does not help them tide over. A study released by […]
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 […]
08/31/2020
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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. […]
08/27/2020
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By Ethan Huff
If Joe Biden wins, he will lock down the entire U.S. economy again, leading to irreversible economic carnage and mass homelessness across America
If he captures the White House in November, Joe Biden has promised to implement a nationwide mask mandate, shut down the economy, and presumably lock up anyone who does not obey his administration’s orders. During a recent interview with ABC News, Biden explained to “World News Tonight” anchor David Muir that his plan for overcoming […]
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 Ethan Huff
Unemployment now at Great Depression levels, food inflation soaring
Ever since pretty much all of America shut down back in late February and early March due to fears about the Wuhan coronavirus (COVID-19), tens of millions of Americans have lost their jobs and food prices for everyone have continued to soar. Rivaling what transpired during the infamous Great Depression, everyday Americans are now finding […]
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