The Coming Greater Depression of the 2020s

The Coming Greater Depression of the 2020s

While there is never a good time for a pandemic, the COVID-19 crisis has arrived at a particularly bad moment for the global economy. The world has long been drifting into a perfect storm of financial, political, socioeconomic, and environmental risks, all of which are now growing even more acute.

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The financial risk to U.S. business owners posed by COVID-19 outbreak varies by demographic group

The financial risk to U.S. business owners posed by COVID-19 outbreak varies by demographic group

The economic fallout from the COVID-19 outbreak has put the jobs of many American workers in jeopardy, but it has also put in doubt the economic fortunes of many of the business owners who employ them. More than four-in-ten U.S. businesses with paid employees – 2.4 million out of the 5.3 million examined – operate in higher-risk industries likely to be affected more deeply by the COVID-19 outbreak, according to a Pew Research Center analysis of…

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New WhatsApp rules lead number of highly forwarded messages to plunge

New WhatsApp rules lead number of highly forwarded messages to plunge

WhatsApp says that highly-forwarded messages have plunged since it introduced new rules. Earlier this month, in a major change, the company announced that it would prohibit people sending on "highly-forwarded" messages in an attempt to stop the spread of viral posts. The new rules mean that if a message has already been sent on in bulk, users have to go to extra effort to forward it on more. If a message has been forwarded enough to get a "highly-forwarded" tag, users can only send it on to one person at a time, rather than five.

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Sinking U.S. economy hasn’t hit bottom yet

Sinking U.S. economy hasn’t hit bottom yet

The coronavirus capsized what had been the longest expansion in U.S. history. Now the wait is on to see how far the economy sinks before it finds bottom. A few dimly hopeful signs emerged last week as a pair of reports showed consumer confidence stabilizing toward the end of the April, largely on the flickering hope that the economy will start to rebound during the summer. Another poll found that Americans think four of five jobs lost due the coronavirus will return.

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