Internewscast

Tag : Recession and Depression

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European Workers Draw Paychecks. American Workers Scrounge for Food.

InterNewsCast
LONDON — In the southeast corner of Ireland, Brian Byrne’s event-planning business was confronting a calamity. It was the middle of March, and the coronavirus...
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Congress Eyes More Spending as Virus Surges and Economy Struggles

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WASHINGTON — There is a growing recognition across party lines that Congress will need to spend more money, soon, to continue to prop up the...
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The ‘Rocket Ship’ Economic Recovery Is Crashing

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The nascent restart of America’s economy has begun to stall as a surge in new coronavirus cases dampens consumer and business activity across states like...
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Who Will Recover Faster From the Virus? Europe or the U.S.?

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BRUSSELS — After the devastating financial crisis of 2008 and 2009, the United States recovered much more quickly than Europe, which suffered a double-dip recession....
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The Market Partied Like It Was 1932

InterNewsCast
Simply enumerating the crises afflicting the United States this year is an exhausting job. Consider that the country has already experienced a presidential impeachment trial,...
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Coronavirus Is a Crisis. Might It Also Narrow Inequality?

InterNewsCast
The United States faces an economic downturn without precedent. Is it also a moment that could produce lasting change? The official unemployment rate was 13.3...