Economy Tag

Barstool Sports Founder: ‘When Did Flattening The Curve Turn Into Finding The Cure?’

Posted by Mike LaChance on May 15, 2020 56 Comments

When it comes to shutdowns, the goal posts keep getting moved and people are noticing. We were told we needed to quarantine to keep the healthcare system from collapsing, and we did that. So why are we still shut down? Dave Portnoy of Barstool Sports did an epic rant about this on Twitter which has picked up millions of views in a very short period of time.

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Wuhan Virus Watch: Leaked Data Shows China May Have 640k Coronavirus Cases, Not 80k As Claimed

Posted by Mary Chastain on May 15, 2020 22 Comments

You mean to tell me that China's claim of having only 80,000 coronavirus cases is probably a lie? I am shocked:

A leaked database from a Chinese military-run university suggests the country may have at least 640,000 COVID-19 cases — a figure substantially higher than Beijing’s dubious claim that it has seen just 80,000 coronavirus infections.

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Over 2.9 Million Americans Filed Unemployment Claims Last Week

Posted by Mary Chastain on May 14, 2020 7 Comments

The Wuhan coronavirus shutdown continues to affect the economy as another 2.9 million Americans filed for unemployment claims last week. While the number continues to decrease, it means 35 million Americans have filed claims in the past two months.

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April Jobs Report: 14.7% Unemployment Rate, Payrolls Dropped by 20.5 Million

Posted by Mary Chastain on May 08, 2020 9 Comments

In a matter of a few months, the strong economy through President Donald Trump's administration plummeted to record levels due to the Wuhan coronavirus outbreak. The unemployment rate skyrocketed to 14.7% while payrolls dropped by 20.5 million.

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Another 3.2 Million Americans Filed Unemployment Claims Last Week

Posted by Mary Chastain on May 07, 2020 9 Comments

The Labor Department reported this morning that another 3.2 million Americans filed unemployment claims last week. On the plus side, the claims have dropped from its peak in March. That stat suggests layoffs might slow down.

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Labor Dept: 3.8 Million Americans Filed New Unemployment Claims Last Week

Posted by Mary Chastain on April 30, 2020 1 Comment

The Labor Department reported that 3.8 million Americans filed new unemployment claims last week.

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Wuhan Virus Watch: President Trump Orders Meat Processing Plants to Remain Open

Posted by Leslie Eastman on April 29, 2020 35 Comments

Today's update will start with some food-related items.

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Wuhan Virus Watch: Steven Mnuchin Says Economy Will Rebound Over the Summer

Posted by Leslie Eastman on April 27, 2020 26 Comments

Let's start this week's updates with some hopeful news. Treasury Secretary Steven Mnuchin believes the American economy will "bounce back" quickly from the coronavirus crisis over the summer.

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Andrew Cuomo to Economic Protesters: ‘Get a Job as an Essential Worker’

Posted by Mike LaChance on April 23, 2020 33 Comments

New York Governor Andrew Cuomo was asked by a reporter on Wednesday about the people protesting to reopen the economy. To her credit, the journalist pressed Cuomo on the very real concerns of these people. His response was less than reassuring.

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Another 4.4 Million Americans Filed Unemployment Claims Last Week

Posted by Mary Chastain on April 23, 2020 7 Comments

The Labor Department revealed another 4.4 million Americans filed unemployment claims last week in the midst of the Wuhan coronavirus outbreak. Americans receiving unemployment benefits hit 16 million. The previous record was 12 million in 2010.

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Wuhan Virus Watch: Colorado’s Stay-at-Home Order to Transition Into ‘Safer At Home’ Phase

Posted by Leslie Eastman on April 22, 2020 18 Comments

Today's update will focus on the Great American Reopening from the Pandemic of 2020.

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Stacey Abrams Criticizes GA Gov. Brian Kemp’s Plan to Reopen State as ‘Dangerously Incompetent’

Posted by Mike LaChance on April 21, 2020 48 Comments

We recently pointed out that Stacey Abrams is now campaigning to be Joe Biden's running mate. Naturally, she has to have an opinion on when Georgia's economy should be reopened, and of course, it's negative. At least she is finally acknowledging she is not the governor of Georgia.

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Texas Gov. Abbott Announces Schools Closed for Rest of School Year, Eases Other Restrictions

Posted by Mary Chastain on April 17, 2020 20 Comments

Republican Texas Gov. Greg Abbott announced plans to loosen restrictions in place due to the Wuhan coronavirus, but schools will remain closed until next school year.

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Trump Releases Guideline to Open America’s Economy

Posted by Mary Chastain on April 16, 2020 31 Comments

President Donald Trump released the guidelines to gradually reopen the American economy.

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Another 5.2 Million Americans Filed Jobless Claims Last Week

Posted by Mary Chastain on April 16, 2020 11 Comments

The Labor Department that another 5.2 million Americans filed jobless claims last week.

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EU Fears Chinese Takeover of European Companies Amid Wuhan Coronavirus-Induced Downturn

Posted by Vijeta Uniyal on April 15, 2020 22 Comments

The European Union (EU) fears that China could exploit the economic downturn caused by the Wuhan coronavirus outbreak to take over European companies.

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Wuhan Coronavirus Shutdowns Hitting America’s Farms

Posted by Fuzzy Slippers on April 12, 2020 29 Comments

Our nation's economy is being severely challenged during this nationwide Wuhan coronavirus pandemic shutdown.  Not only are people losing their jobs in jaw-dropping, heart-breaking numbers, but businesses big and small are really struggling.

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Unemployment Claims Hit 6.6 Million Last Week Due to Wuhan Coronavirus Pandemic

Posted by Mary Chastain on April 09, 2020 11 Comments

The Labor Department reported that 6.6 million Americans filed for unemployment between March 28 and April 4.

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