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“#730,000 filed in unexpected drop” The number of Americans seeking unemployment benefits dropped more than expected last week but remained at historic highs as the coronavirus crisis continued. Last week’s 730,000 initial jobless claims brought the total for the COVID-19 pandemic to about 79.6 million — a number equivalent to nearly half of the American workforce….
“#New York City needs leaders to save it from economic disaster” COVID and the lockdowns have kneecapped the city economy. Gotham’s leaders need to move fast, and boldly, to reverse the damage, or risk a downward spiral. As The Post’s special report this week lays out, nearly half the city’s small businesses remain closed; revenue…
“#Joe Biden brings America back to bad Obama days: Goodwin” As winners never fail to remind losers, elections have consequences. But rarely is there a single day where consequences pack as much wallop as Friday, where the irrationality of Joe Biden’s policies came into full view. From the border with Mexico, where the new administration…
“#GOP blasts Democrats’ $1.9 trillion COVID-19 stimulus bill” Democrats formally unveiled their $1.9 trillion coronavirus rescue package in the House — and the big-spending measure was swiftly panned by GOPers as a bloated “liberal wish list.” The 591 page bill unveiled Friday night includes $1,400 direct checks to eligible Americans making less than $75,000 a…
“#Texas storms’ economic impact could reportedly approach $50B” The total economic impact from the winter storms ravaging Texas and other states from coast to coast could be as high as $50 billion, according to the founder and CEO of AccuWeather. To put the number into perspective, AccuWeather’s estimate for the entire 2020 hurricane season —…
“#861,000 filed as COVID-19 cases drop” America may be recovering from its deadly coronavirus surge, but the labor market still has a nasty cough. The number of workers seeking unemployment benefits unexpectedly rose to 861,000 last week even as COVID-19 infections declined sharply across the country, the feds said Thursday. The latest batch of initial jobless claims…
“#Why the b-word—bankruptcy—popped up in the Newfoundland election campaign” Nearly 11 months ago, then-premier Dwight Ball of Newfoundland and Labrador wrote a letter to Prime Minister Justin Trudeau explaining that his province’s debt-to-GDP ratio, already the worst in the country, was widening further, and the province’s financial crisis needed urgent attention. It couldn’t secure any…
“#Record retail spending expected in 2021” Consumer spending is on its way to reaching record levels in 2021. Retail sales will grow by 8.1 percent this year — the fastest pace this century — to a record $4.3 trillion, according to retail consulting firm Customer Growth Partners, which tracks government data and its own proprietary…
“#Wall Street sets record closing highs on stimulus hopes” Wall Street advanced on Monday, setting a course for record closing highs as stimulus prospects and ongoing vaccine deployment boosted investor optimism over the pace of economic recovery from the pandemic recession. All three major US stock indexes were higher, with the S&P 500 and the…
“#New Robinhood regulations would stiff ‘little guy’” The GameStop-Robinhood stock-trading frenzy could take another bizarre turn thanks largely to some legislative “solutions” being weighed, allegedly to protect small investors. But if any of this stuff makes it into law, it will be the “little guy” who gets screwed, and this time for real. The end…