by Jim Heath | May 16, 2020 | coronavirus, Economy, Headlines
J.C. Penney announced Friday it has filed for bankruptcy, marking the largest retail industry casualty thus far during the coronavirus pandemic. The 118-year-old department store had already racked up a substantial amount of debt in recent years, a situation that was...
by Jim Heath | May 8, 2020 | coronavirus, Economy, Headlines, Health
The U.S. lost 20.5 million jobs in April amid the economic devastation of the coronavirus pandemic as the steepest recorded surge in American unemployment nearly wiped out a decade of job gains, according to data released Friday by the Bureau of Labor Statistics...
by Jim Heath | Apr 21, 2020 | coronavirus, Economy, Headlines, Health
It’s a case of pure big business greed during a pandemic. Companies with thousands of employees, past penalties from government investigations and risks of financial failure even before the coronavirus walloped the economy were among those receiving millions of...
by Jim Heath | Apr 9, 2020 | coronavirus, Economy, Headlines, Health
President Trump today shrugged off the need to significantly expand nationwide coronavirus testing capabilities in order to be able to restart the U.S. economy and then keep it open. Trump, who has expressed optimism that parts of the country could begin easing social...
by Jim Heath | Mar 30, 2020 | coronavirus, Economy, Headlines, Health
Unemployment could skyrocket to a record high as the coronavirus pandemic puts millions of Americans out of work, according to a study from the Federal Reserve Bank of St. Louis. As many as 47 million Americans could be subject to layoffs in the second quarter, which...
by Jim Heath | Mar 27, 2020 | coronavirus, Economy, Headlines, Health
Congress and President Trump today enacted a historic $2 trillion stimulus bill to address the dramatic economic crisis caused by the coronavirus pandemic. Included are direct payments to many Americans, an unprecedented expansion in unemployment benefits and $350...
