No surprise to some of us... The number of Americans filing for unemployment insurance unexpectedly rose last week, a sign of the job market’s fragility five months after the coronavirus pandemic began to devastate the economy. The economy remains challenging for many American … [Read more...] about Jobless claims are back up…..
the Economy
As the US Economy sags…Wall Street soars….
Why? Why are the rich people making TONS of money while other people live on a extra $600 dropped to maybe $400 a week in jobless benefits.... You know.... the Republican thing.... The S&P 500, an index that tracks the country's largest publicly traded companies, has … [Read more...] about As the US Economy sags…Wall Street soars….
NY Islanders Hockey Team will name the new arena the UBS Arena at Belmont….
The National Hockey League gets $350 million for the deal over 20 years....The team should get about $17.5 million a year... The arena will host hockey games and will also be available to feature other events, and should become the third location for NY Metro entertainment … [Read more...] about NY Islanders Hockey Team will name the new arena the UBS Arena at Belmont….
Jobless claims drop below 1 million first time in 4 months….
A pleasant surprise.... One might expect that the number might climb up again as some states and local governments begin to start lay-offs due to shrinking tax revenues and some state reclosings... About 960,000 workers filed for unemployment insurance last week, which … [Read more...] about Jobless claims drop below 1 million first time in 4 months….
The British Economy drops into a hole….
Their virus numbers soar.... Boris Johnson seems to be following in the path of his buddy Donald Trump... The official numbers were published Wednesday, and they are officially ugly. The British economy has plunged into a record-shattering deep recession, shrinking by a … [Read more...] about The British Economy drops into a hole….
States begin to feel the virus economic downturn…
The second punch is coming this fall as state and local governments deal with less revenue from less tax revenue... More lay-off's will add to the jobless numbers.... State Budgets Create a Drag on U.S. Recovery “Spending cuts by state and local governments … [Read more...] about States begin to feel the virus economic downturn…
Virus has New York City’s ‘Big Apple’ losing people to the suburbs and other states….
Used to be young people and business people got up and left their small owns and suburbs for the 'New York City'....The 'Big Apple '!.... Hmmmmm? Things are going in reverse since the Covid-19 showed up... Not a good thing for landlords residential or … [Read more...] about Virus has New York City’s ‘Big Apple’ losing people to the suburbs and other states….
Trump knocks Biden in his losing battle with China….
Donald Trump WAS gonna bring China to its economic knees with his Trade War/Import taxes action.... That did NOT work.... Trump the 'deal maker' tried charm at first.... That did NOT work.... Now he's trying cut off Chinese companies from U.S. commercial … [Read more...] about Trump knocks Biden in his losing battle with China….