27 May 2020

Retailers
Retailers across the apparel world are turning to the newest essential garment to further their brand recognition and boost sales: the nonmedical face masks. Nordstrom announced Tuesday it would begin selling face masks for US$ 4 each in packs of six. Nordstrom began selling nonmedical cloth face masks Tuesday. Two days later, the masks had sold out on Nordstrom's website. The move comes...

27 May 2020

economy of US
Treasury Secretary Steven Mnuchin and the Federal Reserve chair, Jerome H. Powell, offered stark assessments to the Senate Banking Committee. The discussion among them involved the economic damage that the coronavirus outbreak is causing to the US. The hearing happened by video conference and came at a pivotal moment. Congress and White House are beginning to debate the outlines of a sec...

27 May 2020

HEROES Act
Congressional efforts to pass another economic stimulus package officially began when the House of Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act. There were a lot of buzz about $2,000 stimulus checks each month. In fact, the second round of stimulus checks called for in the HEROES Act looks a lot like the first round of $1,200 checks aut...

14 May 2020

recession
The coronavirus recession is devastating to America's labor market. Besides, by almost every measure, it's worse for women than any previous economic slump. The scale of the crisis is unlike anything since the Great Depression. For the first time in decades, this crisis has a predominantly nonwhite, female face. The biggest reason for these losses is that the industries hardest hit by th...

14 May 2020

airline business
The airline business is an industry that is intimately familiar with failure. However, it is facing a crisis unlike any other. Executives say they have no idea when passengers will return. Yet, devastating as the downturn has been, the future is even bleaker. With much of the world closed for business and no widely available vaccine insight, it may be months, if not years, before airline...