economy
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As the Federal Moratorium Ends, 23 Million Americans Are at Risk of Being Evicted in Coming Months
The enormousness of the crisis brought on by COVID-19 cannot be overstated. Cases and deaths are steadily rising in multiple states, as are unemployment numbers. Despite the continued severity of the crisis, Congress has stalled on passing a new relief bill and as the federal moratorium on evictions ends, millions of Americans are expected to…
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Retail on the Rebound? Trump Touts 17.7 Percent Boost in May Retail Sales—Conveniently Ignoring April's Record Drop
It’s safe to say that the retail landscape as we once knew it will not recover with a COVID-19 vaccine—in fact, much of it was on the decline well before the coronavirus reached our shores, with traditional brick-and-mortar locations proving unable to keep up with the increase in online shopping. And as the pandemic imposed…
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Due to a ‘Misclassification Error’ the Unemployment Rate Looks Like It’s Dropping Faster Than It Actually Is
On Friday, the Bureau of Labor Statistics released its official jobs report for May which reported the first drop in the unemployment rate since the pandemic began wreaking havoc on the U.S. economy. Just one problem: The number was off by 3 percentage points. According to the Washington Post, the BLS added a note to…
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Pro-Life Lt. Gov. Dan Patrick Says 'There Are More Important Things Than Living' When It Comes to Coronavirus
One of the strangest aspects of the coronavirus pandemic has been seeing the pro-life GOP members casually talk about “acceptable” loss of life and how the economy takes precedence over keeping people alive. Texas Lt. Gov. Dan Patrick has been leading the charge with a series of controversial statements, and instead of walking them back…
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As the COVID-19 Crisis Continues, Retail Takes a Devastating Dive
As we measure the ongoing effects of COVID-19, loss of life and public health should remain chief among our concerns—despite any GOP rhetoric to the contrary. But America’s economic health is also in jeopardy, as evidenced by what the New York Times writes are “a number of reports that highlight just how badly the economy…
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How Is the Coronavirus Affecting Black Voters? A New Poll Reveals Key Takeaways for 2020
The 2020 elections will forever be marked by the coronavirus, but how the pandemic will affect voter turnout—and equally as important, voter mindsets—remains to be seen. A new poll from the political action committee BlackPAC, however, provides some important insight into the pandemic’s impact on black voters in crucial swing states. Among the key takeaways:…
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Trump Itchy to Reopen America Because His Businesses Are Suffering
Since taking office, Trump has judged his success as president on the stock market. Before the coronavirus, Trump often pointed to Obama’s accomplishments in improving the economy as his own. He took credit for it all. Then coronavirus hit and the stock market got sick and all of the numbers Trump loves to point to…
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Sen. McConnell Introduces Coronavirus Stimulus Measures
The COVID-19 pandemic isn’t just a threat to our personal health, it has also presented a massive challenge to our economic well being. Many companies have already laid off workers, and those who are still working face shorter hours and possible exposure to the virus. Those who have been given paid leave for the next…