Epidemics
As the COVID-19 pandemic hit the US, Homebase, a software company that helps small businesses with scheduling and hiring, made a crucial discovery. The company saw that the lockdowns to contain the virus were having a huge impact on its clients, leading to mass closures and slashing employee hours worked.
Epidemics
Mario Draghi has emphasized that Europe can only fully recover from the economic impact of the coronavirus pandemic if governments use their increased debt to invest in young people, innovation, and research. Draghi, the former European Central Bank president, stated that high debt levels will be sustainable only if used
Epidemics
The COVID-19 pandemic has brought the world to a standstill, with nearly 20 million confirmed cases worldwide and a global economy that is at a more precarious state than during the 2008 financial crisis. The widespread recognition of economic liberalism has shaped an interdependent international society, where countries have come
Epidemics
As the COVID-19 pandemic continues to affect small businesses across Vermont, Senators Patrick Leahy, Bernie Sanders, and Representative Peter Welch welcomed the award of $2.1 million in federal CARES Act funds to capitalize and administer Revolving Loan Funds (RLFs) that will provide critical gap financing to small businesses and
Epidemics
Preliminary trials of an experimental coronavirus vaccine showed promising results, with high levels of antibodies against COVID-19 and no adverse side effects. Meanwhile, the Trump administration's plan to provide fast COVID-19 testing machines to nursing homes has been criticized for its limitations, as the government will only provide
Epidemics
Facebook and Twitter took unprecedented action against President Donald Trump for spreading misinformation about the coronavirus, removing a post from his official account and blocking his campaign account's tweet, respectively. The actions came as the two social media companies signaled a shift in their approach to moderation, prioritizing
Epidemics
The prospects for a swift agreement on a new round of economic aid between the Trump administration and congressional Democrats have faded, with President Trump expressing little interest in a broad economic recovery package that would necessitate negotiations with his opponents. The president has expressed a preference for a narrower
Epidemics
As the nation grapples with the COVID-19 pandemic, Congresswoman Maxine Waters, Chairwoman of the House Committee on Financial Services, and Congressmen Wm. Lacy Clay and Denny Heck have sent a letter to Dr. Mark Calabria, Director of the Federal Housing Finance Agency (FHFA), urging the agency to pause a rulemaking
Epidemics
Chancellor Rishi Sunak is reportedly drawing up plans for a state-owned infrastructure bank to provide billions of pounds in funding for capital projects, as the government seeks to boost Britain's economic recovery following the pandemic. With the country's departure from the European Investment Bank (EIB) looming,
Epidemics
As countries struggle to recover from the economic downturn caused by the spread of Covid-19, the People's Bank of China (PBoC) has taken a unique approach to stimulate the economy, one that differs significantly from the conventional quantitative easing measures employed by the US Federal Reserve (Fed). While
Epidemics
As the pandemic continues to affect the US, states that were previously swamped by coronavirus cases are now considering reinstating restrictions to slow its spread. The recent surge in cases, particularly in Florida, Arizona, and California, has prompted Vice President Mike Pence to acknowledge the situation, urging Americans to take
Epidemics
The COVID-19 pandemic is expected to trigger a deeper and longer recession than initially anticipated, with three major banks - JPMorgan Chase, Wells Fargo, and Citigroup - reporting significant declines in quarterly profits. While the banks' financial strength is intact, they are preparing for a more prolonged economic downturn,
