More than one-third of America’s lowest-paid workers were laid off during the pandemic-induced recession, about four times the number of job losses experienced by the top earners, according to new research led by Federal Reserve Board economists. “We find that more than 35% of all workers in …
U.S. International Transactions, First Quarter 2020 and Annual UpdateCurrent Account Deficit Narrows by 0.1 Percent in First Quarter Current Account Balance, First Quarter The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents …
In response to a question at Berkshire’s annual meeting, Warren Buffet said: ” Berkshire will never get it in a position where it needs money. And we factor in, like I said, we factor in some things that are not ridiculously unlikely. And I’m not …
GDP fell 1.6% in 4Q of 2019 causing a -0.3 yearly growth. In the first quarter of 2020 the rate of growth was negative on a year to year basis -2.2%. The Central Bank changed its forecast for 2020, from .5% to 1.5%, to -4.6% …
Background. The US is facing a widening outbreak of COVID-19 that has claimed the lives of about 91,000 Americans and infected more than 1,528,000 persons across all 50 states. In response, the U.S. has implemented a range of measures including travel restrictions, social distancing, declaration of …
