recession

As COVID-19 Closures Continue, America's Biggest Retailers Furlough Employees

As COVID-19 Closures Continue, America's Biggest Retailers Furlough Employees

If I’m honest, I’ve had a longstanding love-hate relationship with the retail juggernaut known as Macy’s. Love, because I spent decades modeling for their catalogs and e-commerce site, working with
Coronavirus forecast to cut UK economic output by 15%

Coronavirus forecast to cut UK economic output by 15%

Analysts say unemployment could also double in deepest recession since financial crisisCoronavirus – latest updatesSee all our coronavirus coverageThe coronavirus pandemic could cause UK economic

Helping the helpers in your life has never been more important

The moral imperative to continue to support others isn't new for much of the world.

Understanding the Economic Shock of Coronavirus

How bad will it get, and what could recovery look like?

Understanding the Economic Shock of Coronavirus

How bad will it get, and what could recovery look like?
Two Weeks in an Oligarchy

Two Weeks in an Oligarchy

Two Sundays ago, New York City Mayor Bill de Blasio, devoted YMCA member and erstwhile presidential hopeful, reluctantly closed the city’s public schools after pleas from multiple city officials and

Cartoon: The Grand Ol’ Death Cult

Vimeo VideoSo it is beginning to sound like saving the economy is worth a couple million coronavirus deaths, give or take. President Trump is determined to pull back on social distancing measures and
3.3 Million Americans Filed for Unemployment Benefits. Here's What That Means for Black People

3.3 Million Americans Filed for Unemployment Benefits. Here's What That Means for Black People

For many economic experts, it was not a matter of if a recession would hit once the coronavirus became a pandemic, but how bad it would be when it did. On Thursday morning, the numbers from the

2 things every business must consider before laying off employees in a coronavirus recession

Recruiting is tough in a tight labor market, which we had until a few weeks ago.
The GoFundMe Recession Is Here

The GoFundMe Recession Is Here

In lieu of a strong social safety net, business owners are setting up crowdfunding campaigns for their laid-off staffers. “It’s incredibly depressing,” said one employee.

The subtle ways the coronavirus crisis may change how we dress

The biggest shifts in fashion have historically happened due to events that disrupt society on a huge scale.

How recession fears change spending habits

A survey shows people plan to spend less not just on travel and restaurants, but also on clothing, luxury and household appliances.

Bitcoin and Gold: Evaluating Hard-Cap Currencies in Times of Financial Crisis

How would a bitcoin economy react to coronavirus? For now, we don’t know. However, we can turn to a proxy for insight: gold.
Reps. Ilhan Omar and Ayanna Pressley Propose Massive Student Debt Relief Plan Ahead of Coronavirus-Spurred Recession

Reps. Ilhan Omar and Ayanna Pressley Propose Massive Student Debt Relief Plan Ahead of Coronavirus-Spurred Recession

The fight against the coronavirus outbreak is a global endeavor, and as local and national governments around the world scramble to manage the global health crisis, they must also prepare for another

A coronavirus-led recession could hit jobs for young people and minorities hardest

People of color also suffered disproportionately during the recession in 2009. It's yet to be seen whether US lawmakers will learn from history and include protections for the most vulnerable in
Our GoFundMe nation is about to collapse

Our GoFundMe nation is about to collapse

You may have received an email similar to the one I recently received. It was from a small music venue that I’ve been to several times over the past year. It employs bartenders, security guards,
Fed president: Unemployment might reach 30%, surpassing Great Depression levels

Fed president: Unemployment might reach 30%, surpassing Great Depression levels

In an eerie announcement, Federal Reserve Bank of St. Louis President James Bullard predicted on Sunday that the United States might see its unemployment rate reach 30% in the second quarter of 2020,
Is this the only way to avoid another Great Depression?

Is this the only way to avoid another Great Depression?

As we all are now painfully aware, the only effective means of slowing, and eventually halting the spread of the COVID-19 coronavirus is through “social distancing.” That means limiting your contact