Top economists see slowing economic recovery
“Since the pandemic is still raging, there’s a high degree of uncertainty about the future direction of the economy,” says Mark Hamrick, Bankrate’s senior economic analyst. “But we have reason for hope. Some improvement is expected over the coming year, but the recovery will be uneven with respect ...
The unexpected boom in startups
The country is trying to get back on its feet after the horror show the virus unleashed on the globe. There's an interesting trend to notice here though. Despite the rising number of cases and people losing jobs, there's also a rising trend of startups. Some are also calling it a startup boom. The ...
The grim economic reality
We're soon going to witness a winner from the race between Donald Trump and Joe Biden for the White House. Whoever wins will have a tough job at hand considering the economic disruption the global pandemic has caused. People have lost lives, millions have lost their jobs, and businesses are facing ...
The U.S. workers have taken a huge hit.
About 225,000 Americans have lost their lives and millions have lost their jobs in this global crisis. However, the rich are getting richer. Billionaires collectively increased their wealth by $931 from March through mid-October. This pandemic is not an equalizer as a lot of people expected it to b ...
The jobs that may never return
The global crisis has been cruel, and that won't be an understatement. Anyone who has walked past the streets during the crisis would agree with that. Shops shut, streets deserted, and people scared for their lives. More than 225,000 people have lost their lives and millions lost jobs. Things don't ...
Impact of COVID on black women.
People from all walks of life were working on creating beautiful products and offering different services, that were thriving before a global crisis hit the world. A lot of small businesses that were thriving before, had to shut shop, or were seriously impacted. It is no exaggeration to say that th ...
The end of US dollar's dominance?
The US dollar has been dominant for decades. It is the primary global reserve currency and plays a significant role in global trade financial flows. A single dominant currency has important implications for global financial stability. The US dollar funding conditions became tense in March but were ...
The U.S. lost over 60 million jobs
The country is already ravaged by a lot of things, right from division to a rising number of cases to job losses to an unstable economy. Robots, tech, and AI could add another problem. The World Economic Forum (WEF) concluded in a recent report that “a new generation of smart machines, fueled by ra ...
What will it take to survive shecession
A female-driven recession fueled by disappearing jobs in the service sector, coupled with a lack of childcare options and a falling economy, has triggered a nationwide shecession. We are already seeing its effects and how it has affected women and how bad its impact could be for the future of work ...
The skills in demand in a post-COVID economy
As the economy reopens and we are on a slow and long road to recovery that could possibly take years, research indicates that there are still parts of the labor market which are already starting to look up. Many of these are related to the pandemic itself, but will most likely remain even after the ...
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