User: flenvcenter Topic: Economics and Jobs-National
Category: Economics :: Global Economies
Last updated: Aug 14 2020 19:38 IST RSS 2.0
 
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Column: It's National Financial Awareness Day. How's your money game? 14.8.2020 LA Times: Health

"We live in a world of financial illiteracy," says one expert. "We are more open to talking about relationship challenges than we are about money."

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Three reasons stocks are soaring despite the coronavirus’ economic toll 13.8.2020 Chicago Tribune: Business
Why has Wall Street flourished while Main Street struggles? Credit Washington aid, Big Tech and market optimism about the future.
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Tesla's insane stock price makes sense in a market gone mad 22.7.2020 LA Times: Business

Can Tesla and the stock market as a whole continue to defy gravity?

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Joe Biden Is Promising Progressive Policies. Who’s Going to Hold Him to It? 14.7.2020 Mother Jones
Joe Biden stood in the rain near his hometown of Scranton, Pennsylvania, last week, espousing a vein of economic populism he’d resisted for much of his presidential campaign. He promised his presidency would be the end of an “era of shareholder capitalism” in which corporations like Amazon pay “nothing in federal income taxes.” Now is the […]
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Op-Ed: Coronavirus brought economic catastrophe. Here are 10 experts on how to recover 31.5.2020 LA Times: Opinion

Ten economists suggest remedies, ranging from aiding state and local governments, paying employers to keep workers and offering universal coronavirus testing to restore public confidence.

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How Trump's tax cuts and tariffs will make coronavirus recession worse 19.5.2020 LA Times: Business

Even before the coronavirus outbreak pushed the U.S. into what is likely a recession, benefits from Trump's policies were largely offset by costs.

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Newsom has gotten top marks during the coronavirus crisis. Battling California's deficit could change that 11.5.2020 LA Times: Health

Coronavirus — and the collapsed economy it created when many businesses were ordered closed and people told to stay home — will also force Gov. Gavin Newsom and the Legislature to cut services when Californians need them most.

US unemployment hits 14.7%, highest rate since Great Depression 8.5.2020 Chicago Tribune: Business
The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record. The figures are stark evidence of the damage the coronavirus has done to a now-shattered economy.
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Coronavirus plunges California into worst budget deficit in state history 7.5.2020 LA Times: Health

California's state government faces a $54-billion budget deficit through next summer, according to an analysis released Thursday.

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The Great Depression inspired the New Deal. After coronavirus downturn, what could it look like today? 26.4.2020 Chicago Tribune: Business
The United States is fighting a disease that presents the country with wrenching life-and-death challenge.
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Coronavirus crisis could trigger huge California deficits, lawmakers are told 17.4.2020 LA Times: Health

Legislative Analyst Gabriel Petek told members of the state Senate's budget committee to prepare for a projected deficit of as much as $35 billion in the near future.

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IMF warns of steepest recession since the Great Depression 14.4.2020 Minnesota Public Radio: Business
The fallout from the coronavirus will be much worse than that of the financial crisis, the IMF says. The global economy is expected to shrink by 3 percent this year; the U.S. GDP could fall twice as much.
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The U.S. was already deep in debt. This year's deficit will be 'mind-boggling' 5.4.2020 Minnesota Public Radio: Politics
The economic rescue package just passed by Congress will push this year's budget deficit above $3 trillion. Such huge levels of deficit spending used to set off alarm bells in Washington, but no more.
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Economy in shambles, Trump scrambles for new 2020 message 4.4.2020 LA Times: Health

As the coronavirus destroys the economy, Trump struggles to find a new reelection message.

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Can the Federal Government Stop the Small Business Apocalypse? 26.3.2020 Mother Jones
For the past year, economists and policy experts had been warning of a coming economic downturn. But the screeching halt the economy has experienced in the midst of the COVID-19 pandemic isn’t that, says Mike Konzcal, who studies financial reform and unemployment at the Roosevelt Institute, a left-leaning think tank. “It is so difficult to […]
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Lawmakers have negotiated a $2-trillion coronavirus stimulus package. What happens next? 25.3.2020 LA Times: Health

Here are the next steps now that negotiators have reached a deal on a $2-trillion bill to bolster the U.S. economy from the coronavirus crisis.

Op-Ed: The stock market crashed five times before coronavirus. Those disasters can show us how to face this one 20.3.2020 LA Times: Opinion

The current crash is normal in many respects, and that's good news.

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Belatedly battling the coronavirus, Trump tries to save the country — and his reelection campaign 19.3.2020 LA Times: Nation

President Trump, who once hoped to coast to a second term on a strong economy, now faces economic chaos and a stock market down to when he first took office. Will the coronavirus crisis sink his reelection bid? Or will it let him portray himself as a "wartime president," as he declared Wednesday.

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U.S. stock market jumps as Fed offers emergency lending program 18.3.2020 Minnesota Public Radio: Law & Justice
The Dow went up more than 1,100 points as the White House planned an $850 billion stimulus and the Fed established a new loan program to boost the economy.
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Southern California home buying hasn't been slammed by coronavirus fear — yet 14.3.2020 LA Times: Business

So far, low mortgage rates are holding off any significant hit to home sales.

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