KEY POINTS The coronavirus is likely to reduce GDP by $7.9 trillion, or 3%, through fiscal 2030, according to the Congressional Budget Office. Sen. Chuck Schumer said the estimate shows the urgency of getting more rescue funding passed. Nominal GDP … Read More
A protester carries a U.S. flag upside down, a sign of distress, next to a burning building in Minneapolis. —AP “AMERICA is burning. But that’s how forests grow.” So spoke Massachusetts Attorney General Maura Healey. “Riots are an integral part of … Read More
Houses of worship have a hard cap of 50 people, while casinos may allow 50 percent capacity. President Trump‘s campaign is holding an “Evangelicals for Trump” event on Thursday at a Las Vegas hotel and casino, amid a controversial ban in the state on … Read More
WASHINGTON – The Supreme Court ruled late Friday that Nevada can impose tighter restrictions on churches than casinos while a legal dispute over its social distancing policies continues. The 5-4 ruling included dissents from conservative justices who said limiting church gatherings to 50 worshipers while allowing … Read More
Rise in consumer spending cheers bank but unemployment will double and GDP drop ‘significantly’ The Bank of England building. Photograph: Ray Tang/REX/Shutterstock The Bank of England has said Britain’s economy is recovering more quickly than initially feared from the coronavirus pandemic … Read More
German Chancellor Angela Merkel speaks during a news conference after coalition meetings over stimulus measures to reboot post-coronavirus economy, at the Chancellery in Berlin, Germany June 3, 2020. John Macdougall/Pool via REUTERS Germany will take the fight to China as an … Read More
Getty Images The European economy has fallen into its worst recession on record as strict quarantine measures earlier in the year to stop the spread of the coronavirus brought economic activity to an abrupt halt. According to figures released on Friday by … Read More
Collage sources: EU Website NEW YORK (IDN) – Samuel Beckett’s “Waiting for Godot” is a play featuring two characters waiting for a character, Godot, who never arrives. As such, it is a useful metaphor for the goings-on of the European … Read More