Restaurants Implement COVID-19 Surcharges
Restaurants and service industries have been severely impacted by COVID-19. Many restaurants were forced to close their doors due to stay-at-home measures and some will remain closed permanently. As supply…
Insurance Companies Refund Policyholders Billions of Dollars
Due to stay-at-home orders implemented around the world, malls, businesses, schools, universities, and more have temporarily closed or reduced operations. This has significantly reduced economic activity. Additionally, it has reduced…
Disneyworld Faces Longest Shutdown in its History
Disney has furloughed 100,000 theme park and hotel workers, including popular cast members. Disney is widely considered the largest employer in the nation and this furlough is expected to save…
With Students Staying Home, Empty College Towns Hit Hard by Coronavirus Crisis
College campuses all over the world have closed and have sent students home for the rest of the school year. As people practice social distancing and quarantining methods, economic activity…
Amazon to hire 75,000 Workers to Meet Surging Demand
According to the US Department of Labor, over 16.8 million American workers have lost their jobs and filed initial claims for unemployment benefits. This current calculation does not include those…
Innovative Ways some Restaurants are responding to COVID-19
The restaurant and service industries in our nation have been severely impacted by COVID-19. The Food Action Policy released a detailed blog regarding ways Congress can assist the restaurant industry…
Drive-In Movie Theater Popularity Surges Amid COVID-19 Pandemic
Don’t call it a comeback! Amid the COVID-19 pandemic, certain markets will see expansions and others will see contractions. We already see contraction and a reduction in economic activity in…
Ways Small Businesses Can Survive COVID-19
The COVID-19 pandemic is impacting businesses large and small. Several economists are declaring that a recession is on the horizon. A recessionis a business cycle contraction when there is a…
The Gig Economy, Health Coverage, and COVID-19
In strenuous times, new economies often emerge and grow. The Great Recession lasted from the late 2000s to the early 2010s. Since 2010, CNBC reports that the gig economy has…
Paid in Full? The Student Loan Crisis
Student loan debt is a universal crisis in our nation that is transcending race, age, and gender groups. A CNBC report illustrates that while student loan debt has slowed in…