forecast on March 20th – in which my group identified over 37 million such jobs vulnerable to loss. I expect that we are nearing peak losses for such jobs which will likely level off just below 20 million. But that is only part of the story. released by the U.S. Bureau of Labor Statistics this past Friday confirmed our assumptions.
Second, as time goes on, the economic crisis runs the risk of migrating into the goods-producing and support sectors of the economy . It is one thing to have no customers at auto dealers, it is something else to have the auto dealers tell the manufacturers to stop making and sending cars. While this is meant to provide a temporal bridge until COVID-19 can be brought under a reasonable degree of control, it will unambiguously result in multi-trillions of dollars of federal government deficit spending.
Which begs the question: once shown to be effective as just a substitute for private income, what are the opportunities for government spending – after this crisis – to enhance the weak growth of the U.S. economy, and reverse declining household financial security and the income and wealth inequality that have been the dominating economic features of the past dozen years?
DanielAlpert Tim Brooke-Taylor has died at the age of 79 with coronavirus COVIDー19 The entertainer, best known for The Goodies and I'm Sorry I Haven't A Clue, died on Sunday.
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Trump says he thinks U.S. loss of life from coronavirus will be less than projectedU.S. President Donald Trump said on Friday he thinks the United States will lose fewer than the 100,000 lives initially projected to the coronavirus, and suggested the country is nearing its peak infection rate. Initially it was projected to be zero. Actually zero was his initially projection probably because of the social distancing, quarantines, people staying at home, and health care workers making do with less
Source: Reuters - 🏆 2. / 97 Read more »
Coronavirus updates: US closes in on Italy for most confirmed deathsBREAKING: The United States has become the country with the most confirmed deaths, surpassing Italy, with at least 18,860 deaths, according to to data compiled by Johns Hopkins University. Someone w/ terminal illness or died for another reason is being counted as covid death just because they were positive. Inaccurate. So obviously you’re leaving China out of the equation. With not? Look at the idiot that stole the election...all he does is whine and call everyone who aint with his bull💩 names
Source: ABC - 🏆 471. / 51 Read more »
How the US should end the coronavirus lockdowns - Business InsiderThe only reason to keep everyone in lockdown would be if we believe that a vaccine is around the corner. But that is not the case. martinvars It should be a discipline conversation martinvars OK but the reality is a lot of 45 and above are essential workers and have been out in the community the whole time ; 65 and older people have been doing their own grocery shopping so your theory of how the states should open back up is stupid . martinvars I'm 52 and am just as tired of this lock down as 45 year olds . how do you know what makes people vulnerable ? If your healthy go out if your not stay home , simple as that and don't have contact with people .
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus updates: US surpasses 20,000 deaths, the highest national death tollCORONAVIRUS LATEST: — US surpasses 20,000 deaths — Disaster declared in all 50 states — US to punish countries that don't accept deportees — More Navy crew members test positive Because all never stopped the presidential race in February. When the democrats failed to do the right thing what do you expect? Here are the CDC flu stats for last year just the numbers.
Source: ABC - 🏆 471. / 51 Read more »
Dr. Anthony Fauci says U.S. 'obviously' could have saved lives by starting coronavirus mitigation earlier'It is what it is. We are where we are right now,' the public health official said. Trump golfed while Americans died. Congrats conservatives... But Trump wouldn’t listen because the metrics rattling in his head told him his ratings would then go down. But everyone/media was so focused on impeachment...
Source: Newsweek - 🏆 468. / 52 Read more »
Here's how U.S. coronavirus stimulus package compares to other countries around the worldSocial media commentators claim that the one-time $1,200 check being given to U.S. workers is much lower than what other countries are providing, but the truth is a little more complicated. Many of the countries giving better stimulus payments are smaller in population and have higher taxes at all income brackets than the US. Everyone will be eventually paying higher taxes in return for these payments.
Source: Newsweek - 🏆 468. / 52 Read more »