Monday, July 6, 2020
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A record 22 million Americans who lost their jobs have filed for unemployment benefits in 4 weeks, wiping out a decade of job gains as the nation grapples with the unprecedented shutdown of the U.S. economy to contain the coronavirus. Just last week alone, 5.2 million Americans filed for unemployment. That number is down from the revised 6.6 million in...
The United States is already in a recession and will remain that way for the first half of the year, according to a National Association for Business Economics survey. The 45 economists surveyed by NABE expect the economy to shrink by a 26.5% rate in the second quarter, after a 2.4% decline in GDP in the first quarter. In the...
The coronavirus-induced lockdown will cause bankruptcies to surge in the coming months, economists have warned. U.S Federal Reserve researchers predict the number of virus-related bankruptcies could jump by 200,000 to nearly 1 million unless government programs help stem the tide, Bloomberg Law reported. Bankruptcy expert Edward Altman reportedly expects the dollar value of bankruptcies to set a new record amid the pandemic...
Most of coronavirus patients who end up on ventilators go on to die, according to several small studies from the U.S., China and Europe. And many of the patients who continue to live can't be taken off the mechanical breathing machines. "It's very concerning to see how many patients who require ventilation do not make it out of the hospital," says Dr....
The pound fell against the dollar and euro on Monday after British Prime Minister Boris Johnson was admitted to hospital for tests after showing persistent symptoms of the coronavirus. “When a head of state or government is stricken like this, it will cause concern for holders of sterling and sterling assets,” said Foreign currency expert, Masafumi Yamamoto. The pound fell 0.44%...
A 4-year-old female Malayan tiger at Bronx Zoo in New York City has tested positive for coronavirus, in what is believed to be the first known infection in an animal in the U.S. or the first tiger anywhere in the World. This was revealed by the federal officials and the zoo after a test was conducted in Iowa by the USDA’s National...
As coronavirus continues to sweep through the world, the last three weeks have turned out the most devastating periods in history for the American job market. Businesses continue to lay off and furlough workers leading to spike in unemployment claims to a level any American alive has ever seen in their lifetimes. First-time unemployment benefit claims have surged more than 3,000% since early March. 6.6...
As coronavirus (COVID-19) continue to sweep through the world, daily reports show that more men are dying from the killer virus than women. A research published by China's Center for Disease Control and Prevention show that the death rate among men is 2.8% compared with 1.7% for women and the research suggests the trend will continue despite men and women...
The 2020 Tokyo Olympic games will not begin on July 24 this year as earlier planned and instead will be held “by the summer of 2021,” Japanese Prime Minister Shinzo Abe announced Tuesday. The delay comes after an increasing number of athletes and sporting federations called for the games to be delayed because of the Coronavirus pandemic. Throughout history, never...
A man who died on a bus in China has tested positive for a completely different virus than COVID-19 — one more fatal that often produces very similar symptoms, according to state-run media. Read on through this link https://www.mazechmedia.com/2020/03/man-dies-as-china-battles-outbreak-of-a-new-more-fatal-virus-the-hantavirus/

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