All posts tagged with economic collapse
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-(Natural News) The Federal Reserve warned Wednesday the impact from the coronavirus outbreak could sink the economy even further. In its Beige Book, which contains anecdotal information on current economic conditions in each of the Fed’s districts, industries affected by the lockdown said that they expect “conditions to worsen in the next several months.” Businesses surveyed in the […]
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-(Natural News) While often thought of as mostly affecting older generations such as baby boomers, the ongoing coronavirus outbreak looks to bring consequences for millennials. Studies are showing that the latter generation is much more vulnerable to the economic halt caused by measures to slow the outbreak. “Even going into this situation, young adults were in a […]
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-(Natural News) A record-shattering 6.6 million jobless claims were filed last week, according to the Department of Labor’s (DOL) weekly jobless claims report. This is more than double the number reported in the previous week, which itself also broke records. The week before, the DOL already reported a then record-setting 3.2 million jobless claims for the week, […]
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-(Natural News) As of Monday, at least 17 current and former figures in the Iranian government have died from the coronavirus, and 13 other prominent officials have been infected since the Iranian outbreak – the deadliest in the Middle East – which began in late February. Hamid Kahram, former member of parliament (MP), is the […]
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-(Natural News) As the coronavirus ravages northern Italy, the country’s economically stagnant south is teetering on the edge of anarchy. Law enforcement personnel are worried that widespread rioting and looting can erupt if the government doesn’t get its act together quickly. In particular, the island of Sicily, Italy’s southernmost region, is turning into a powder keg. […]
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-(Natural News) Almost one out of every four American adults say that they’ve either been laid off or furloughed because of the coronavirus outbreak, a recent poll says. However, the same poll also shows that most Americans are fine with keeping businesses closed down to help fight the coronavirus outbreak. The Reuters/Ipsos March 26-27 opinion poll, released […]
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-(Natural News) A total of 3.2 million people filed for unemployment benefits last week as the economic slowdown caused by the coronavirus outbreak forced layoffs around the U.S. last week. The seasonally adjusted total reported by the Department of Labor (DOL) shattered records, surpassing the previous one of 695,000 initial jobless claims in a single week set […]
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-(Natural News) Nobody saw the Wuhan coronavirus (COVID-19) coming, per se. Yes, the Chinese government was well aware that it had a (another) novel coronavirus outbreak on its hands weeks before President Xi Jinping and his Communist cohorts decided to let the rest of the world know about it, that’s true. But no one could […]
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-(Natural News) At a Pentagon press briefing on March 19, chief of the National Guard Bureau, General Joseph Lengyel said the National Guard will likely be deployed strategically in the United States to help solve problems associated with the coronavirus and the economic fallout from the massive shutdowns. “It’s hard to tell what the exact […]
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-(Natural News) Gas prices are expected to slide down further this month, according to fuel price analysts. This is after oil prices plunged by as much as 26 percent on Wednesday? — an 18-year low. Patrick De Haan, Head of Petroleum Analysis at Gas Buddy, said the worldwide decline in crude oil prices can be linked to […]
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