Recession

States appeal for federal aid to support jobless funds – Finance & Commerce

Businesses could be saved billions of dollars in higher taxes in the years to come – potentially freeing up money to spend on employees or invest in their operations – thanks to federal assistance to coronaviruses afflicted in the States. Governors and lawmakers in more than half of the states …

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Asian recession taught Levi Strauss CFO about internal strength

When Harmit Singh was CFO of Yum! Restaurant franchise operations in Asia In 1997, much of the continent was in recession, a development he had yet to experience as a financial professional. “The demand has dropped dramatically,” said Singh, now CFO of Levi Strauss & Co. “I was in Singapore …

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Recession protracted, new lockdowns send ‘hot money’ initially in April

Ian Nicolas Cigaral (Philstar.com) – May 28, 2021 – 10:42 p.m. MANILA, Philippines – A protracted economic contraction following further lockdowns in the capital and neighboring provinces fueled a short-term outflow of foreign funds in April, the Bangko Sentral ng Pilipinas reported Thursday. What’s up? Foreign portfolio investments, also known …

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NIMBYism is a problem threatening Louisville’s economic recovery

As our nation emerges from the shadow of the pandemic, economic recovery takes center stage. As we move forward, it is essential that we seek out all available opportunities to drive economic growth and get our people back to work. In Louisville, we have to tap into a strategy that …

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What Happened to DC Area Malls?

Mazza Gallery. Photograph by Wikimedia user Mx. Granger Even before e-commerce and online shopping gained traction among American consumers during the pandemic, many malls and department stores were dying. Retail analytics firm Coresight Research estimates that 25% of shopping malls in the United States will close within five years. Some …

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Flashpoint: Pink collar recession

PHILADELPHIA (KYW Newsradio) — This weekend on Flashpoint, we kick off Girls’s Historical past Month with host Cherri Gregg asking the burning questions in regards to the pink collar recession. Greater than two million ladies have left the workforce because the pandemic started with Black and brown ladies hit hardest …

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Elementary Each day Forecast AUD / USD and NZD / USD – RBNZ charge hike cools as recession speak resurfaces

Whereas many merchants remained targeted on the motion of US Treasury bond yields, Federal Reserve financial coverage selections and Australian labor market information, New Zealand launched a report that confirmed an economic system in contraction, however extra importantly, it cooled discussions that the Reserve Financial institution of New Zealand was …

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Colorado economists count on worst of COVID recession to be over – The Fort Morgan Occasions

Lawmakers acquired excellent news on Friday: Colorado’s economic system is therapeutic a lot quicker than anticipated and its fiscal outlook is nowhere close to as dire as projected earlier within the pandemic. “The worst of the recession appears to be behind us,” non-partisan legislative economist Greg Sobetski instructed state price …

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Why a trans-Tasmanian bubble may not save NZ from recession

NOTICE: The two.9% drop in GDP that New Zealand skilled in 2020 intently matched the annual 3% blow that I believed in the beginning of Covid can be the web influence of the border closure on tourism. It’s now clear that companies and cities that relied on overseas guests have …

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Oregon Perception: Coronavirus recession is steepest and deepest in state – however not as unhealthy as feared

This is The Oregonian’s weekly have a look at the numbers behind the state’s economic system. See earlier installments right here. Anna VonRosenstiel’s shoppers disappeared final March when the pandemic hit and she or he wasn’t certain they’d ever return. So she closed her Southeast Portland ceramics workshop, laid off …

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