The New York Times: “America Stress-Bought All the Baby Chickens”
Sales of baby chicks often rise before Easter, but this year’s increase has been extraordinary due to a variety of factors influenced by COVID-19: people are staying home with time…
3.3 Million Americans Applied for Unemployment Last Week
After the federal government placed a ban on gatherings of ten or more people last Monday, restaurants and bars across the country either closed or drastically altered their operations. Although…
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…
Dow Jones Drops by Nearly 3,000 Points in One Day
Fears over the spread of coronavirus have upended daily life for millions of Americans and countless businesses. The CDC has recommended that organizations cancel any events with 50 or more…
Major Sports around the World Temporarily Shut Down
Due to concerns about the spread of coronavirus, representatives from athletic leagues across the globe have announced that they will temporarily halt play. On Wednesday, the National Basketball Association was…
Demand for Hand Sanitizer Skyrockets by More than 1,000 Percent
Last week (see From the News to The Classroom blog site) we looked at how fears over coronavirus have caused major events to cancel and governments to restrict travel. Since…
Coronavirus Closures Lead to Layoffs
On March 11th, 2020, the World Health Organization officially classified coronavirus as a pandemic, causing the Dow Jones Industrial Average to plummet by nearly 1,500 points. This rapid decline in…
Where Does Profit Come from in the Payments Industry?
The recent development in the payments industry, namely the rise of Fintech companies, has created an opportunity to revisit the economics of the payment system and the puzzling nature of…