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News & Articles By Ramon Tomey
09/21/2021
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By Ramon Tomey
US Census Bureau: More Americans became poor in 2020 due to COVID-19 lockdowns
The U.S. Census Bureau (USCB) says in a recent report that more Americans have become poor compared to a record low the year earlier. Its Sept. 14 report also shows significant declines in median income and available jobs. According to the USCB, Wuhan coronavirus (COVID-19) restrictions have wiped out ten years of economic gains within […]
07/30/2021
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By Ramon Tomey
Some states resume paying out federal benefits after citizens sue
Jobless Americans sued their respective states after the latter ended their participation in the federal government’s unemployment benefits program. Judges in Maryland and Indiana sided with the plaintiffs who were affected by the premature end of the extra aid. The judges ruled that payouts for the $300 weekly benefit must resume until the suits are […]
07/22/2021
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By Ramon Tomey
States ending pandemic unemployment benefits see increase in jobs as more people decide to work
States that opted out of the federal government’s pandemic unemployment benefits program in June saw an increase in their job numbers. According to the Daily Caller, these mostly Republican states experienced a 33 percent drop in new jobless claims compared to the roughly 4 percent drop in states that did not. Stagnating job growth and […]
07/07/2021
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By Ramon Tomey
States that stopped federal pandemic benefits see rapid job recovery gains
While the Wuhan coronavirus (COVID-19) pandemic saw record levels of unemployment in the United States, several states are now seeing their job markets recover at a faster rate after ending unemployment benefits. Twenty-six states have opted out of the expanded unemployment benefits program ahead of its Sept. 6 expiration, 25 of which have Republican governors. Many economists […]
05/18/2021
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By Ramon Tomey
Supply shortages are leading to price hikes, worsening inflation
Economic analysts have raised the alarm bells on possible supply shortages for raw materials. These shortages, alongside logistical hurdles, have forced many firms to warn about a possible price hike. Because of these foreboding signs, many are bracing for possible inflation to occur amid the ongoing COVID-19 pandemic. According to data from JPMorgan Chase & […]
02/22/2021
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By Ramon Tomey
Economists warn $1.9 trillion Biden relief bill may trigger runaway inflation
Economists have warned that President Joe Biden’s proposed COVID-19 relief bill may trigger inflation. They pointed out that the American Rescue Plan worth $1.9 trillion, and its accompanying stimulus, may negatively impact inflation projections. The plan put forward by Biden on his first day in office aimed to help an America impacted by the Wuhan […]
11/20/2020
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By Ramon Tomey
Logistics experts: COVID-19 marks the end of globalization, makes national supply chains critical infrastructure
Logistics experts say that the Wuhan coronavirus pandemic will mark the end of globalization, paving the way for localized supply chains to be fundamental once more. The industry survey, conducted by Bollore Logistics and Transport Intelligence, noted that 34 percent of the respondents agreed that the COVID-19 pandemic will signal the end of global supply chains, and […]
10/09/2020
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By Ramon Tomey
Coronavirus pandemic lockdowns worsen the “debt mountain” problem of the American middle class, which is being deliberately CRUSHED
Forty-three-year old Alysse Hopkins and her husband Ian Boschen earned a comfortable living in the suburbs of New York City. Their combined income of $175,000 covered the mortgage, two car leases, student loans, credit cards and the expense of raising two daughters. But Hopkins’ work as a lawyer representing clients in foreclosure cases and personal […]
10/06/2020
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By Ramon Tomey
More than half of US states unable to pay their debts – report
A report examining all 50 U.S. states’ fiscal health found that 39 of these do not have enough money to pay their bills. The eleventh edition of the Financial State of the States report, published by non-profit organization Truth in Accounting (TIA), showed that the total debt among all 50 states amounted to $1.4 trillion […]
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