Wall Street Journal (March 29)
“The downward trend in personal bankruptcies bucks predictions by analysts and economists that disruptions from Covid-19 lockdowns and restrictions early in the pandemic would lead to a sharp increase in filings. Economists and bankruptcy lawyers say federal suspensions of evictions, home foreclosures and student-loan obligations have helped limit bankruptcies—though they worry bankruptcy rates could go up after aid ends.”
Tags: Analysts, COVID-19, Disruptions, Downward, Economists, Evictions, Foreclosures, Lockdowns, Pandemic, Personal bankruptcies, Predictions, Restrictions, Student loans, Trend
ABC News (March 17)
“Optimism is spreading in the U.S. as COVID-19 deaths plummet and states ease restrictions and open vaccinations to younger adults. But across Europe, dread is setting in with another wave of infections that is closing schools and cafes and bringing new lockdowns.”
Tags: COVID-19, Deaths, Dread, Europe, Infections, Lockdowns, Optimism, Restrictions, Spreading, U.S., Vaccinations, Wave
Tampa Bay Times (March 1)
“Tourism businesses have struggled mightily during the pandemic. Last year’s spring break—normally their most lucrative time of year—was interrupted by the coronavirus outbreak and subsequent business shutdowns and beach restrictions.” This year, they are “hoping that tourists with a pent-up desire to travel will turn this year’s spring break into a financial boon. They’re also counting on people using masks, socially distancing and washing their hands to help keep festivities safe.”
Tags: Coronavirus, Distancing, Interrupted, Lucrative, Masks, Outbreak, Pandemic, Restrictions, Shutdowns, Spring break, Struggled, Tourism
Bloomberg (December 18)
“The U.S. launched yet another broadside at China’s technological ambitions this week by blacklisting more than 60 Chinese companies…. While the action will be painful, over the longer term it could be a shot in the arm.” The restrictions may very well “help make China great again.” Under this “massive pressure, Chinese tech giants finally have an incentive to use and improve local suppliers.”
Tags: Ambitions, Blacklisting, Broadside, China, Incentive, Painful, Pressure, Restrictions, Suppliers, Tech giants, U.S.
New York Times (December 18)
“Rising Covid-19 cases are taking a steep toll on economic activity, battering the labor market even as new vaccines offer a ray of hope for next year.” After dropping earlier in autumn, jobless claims “have moved higher, and they remain at levels that dwarf the pace of past recessions.” New restrictions are hammering “the hospitality industry, lodging, airlines and other service businesses…. Until mass inoculations begin next year, the economy will remain under pressure.”
Tags: Airlines, Battering, COVID-19, Economic activity, Hope, Hospitality, Jobless claims, Labor market, Lodging, Recessions, Restrictions, Toll, Vaccines
WARC (December 3)
With the “coronavirus in check,” China’s economy “is showing increasing signs of recovery.” This now extends to alcohol sales. “As social distancing rules and dining out restrictions are eased, brewers and distillers report increased demand, and the Chinese consumer, it seems, has a thirst in particular for premium brands.” The “growing penchant for premium products” is happily in step with the Government, which is promoting them as “a key driver of the country’s economic recovery.”
Tags: Alcohol, Brewers, China, Consumer, Coronavirus, Demand, Dining out, Distillers, Eased, Economy, Recovery, Restrictions, Sales, Social distancing
Washington Post (November 30)
“The NFL was a joke Sunday, at a time when nothing about the coronavirus warrants laughter. In Baltimore, the Ravens reported a positive test for the eighth straight day, further jeopardizing a twice-delayed game against the undefeated Pittsburgh Steelers. In the Bay Area, the San Francisco 49ers were rendered temporarily homeless, if they want to keep playing football, because of local restrictions.” Make no mistake. “The coronavirus is in charge, and it is raging once again…. It’s impossible to play football out in the open, without a bubble environment”
Tags: 49ers, Baltimore, Bubble, Coronavirus, Delayed, Football, Joke, NFL, Pittsburgh, Positive test, Raging, Ravens, Restrictions, San Francisco, Steelers
Financial Times (November 16)
“The US economy is facing an accelerating surge in coronavirus cases and harsh new restrictions on business activity without the cushion of meaningful fiscal support, raising fears of a blow to the recovery.” The market has rallied on vaccine advances, but “the deteriorating health situation across the country presents an imminent threat to the US economy as the winter months approach.”
Tags: Accelerating, Advances, Coronavirus, Deteriorating, Economy, Fears, Fiscal, Rallied, Recovery, Restrictions, Support, Surge, US, Vaccine
The Financial Times (October 19)
As the second wave of COVID-19 strikes, “Europe’s economy is sliding towards a double-dip recession, with economists warning that rising coronavirus infections and fresh government restrictions on people’s movement are likely to cut short the region’s recent recovery.”
Tags: COVID-19, Double-dip, Economists, Economy, Europe, Government, Infections, Movement, Recession, Restrictions, Second wave
USA Today (August 10)
“The planet recorded its 20 millionth coronavirus case Monday and U.S. lifestyle continues to face changes, restrictions and cancellations.” The real number is probably much higher, “given testing limitations and the fact that as many as 40% of all those who are infected have no symptoms.”
Tags: Cancellations, Coronavirus, Infected, Lifestyle, Limitations, Planet, Restrictions, Symptoms, Testing, U.S.
