You are viewing the "economy" Archives
With COVID-19 Cases Rising, Some States Slow Their Reopening Plans
By: Rachel Treisman | NPR
Posted on:
Governors in several Southern and Western states are delaying their timelines, citing increases in cases and hospitalizations.
Ohio Bars Could Stay Open Until 4 AM Under New Bill
By: Karen Kasler | Statehouse News Bureau
Posted on:
A bill that would allow bars and restaurants to use parking lots, green space and even streets for social distancing for customers is now being considered by the Senate. But there’s a provision in the bill that didn’t get much attention till it was on the floor – a plan to extend the hours that bars… Read More
WATCH: What The Latest Jobs Numbers Say About A U.S. Economic Recovery
By: PBS Newshour
Posted on:
WASHINGTON, D.C. (NewsHour) — The number of weekly jobless claims is the lowest since the economic shutdown began in March, but it remains far above what the U.S. has experienced during other financial crises. Jerome Powell, chairman of the Federal Reserve, said earlier this week that he expects unemployment to remain elevated for years to… Read More
About Half Of U.S. Homes Lost Wages During Pandemic, Census Bureau Finds
By: Hansi Lo Wang | NPR
Posted on:
Because of the COVID-19 crisis, 47% of adults say their households have lost employment income and close to 40% have delayed getting medical care, according to early results of a Census Bureau survey.
Why The Crisis May Make Powerful Corporations Even More Powerful
By: Greg Rosalsky | NPR
Posted on:
As small businesses scramble for emergency assistance, big businesses get a new program of virtually endless lending from the Fed.
ARC Announces COVID-19 Grants for Lenders Helping Small Businesses
By: Emily Allen | WVPB
Posted on:
WASHINGTON, D.C. (WVPB) — The Appalachian Regional Commission has announced $3.75 million for banks and other lenders who have lost money during this global coronavirus pandemic. Specifically, the grants are for lenders who work with small or local businesses and nonprofits in the ARC’s 13-state coverage area. In a press release on Monday, the commission stated the… Read More
Retail Businesses Can Start Offering Curbside Pickup on Saturday
By: Jo Ingles | Statehouse News Bureau
Posted on:
COLUMBUS, Ohio (Statehouse News Bureau) — The order from Ohio Department of Health director Amy Acton allows retail establishments to offer “curbside pickup, delivery or appointment-only” service beginning May 2. Customers must be limited to 10 at a time. Gordon Gough with the Ohio Council of Retail Merchants described what that might look like. “Order online,… Read More
Loopholes In Small Business Relief Program Allow Thriving Companies To Cash In
By: Cheryl W. Thompson | Graham Smith | NPR
Posted on:
The Paycheck Protection Program is designed to help small businesses from falling off a cliff during the pandemic, but some companies on firm ground have gotten millions to expand.
Expert Involved in Pandemic Modeling says Slow Opening of Economy Could Begin May 1
COLUMBUS, Ohio (Statehouse News Bureau) — Gov. Mike DeWine says the plan to restart Ohio’s economy begins on May 1, when the stay at home order expires. But one of the experts involved in the modeling that Ohio is using to create its pandemic policy says it’ll be a slow process. Michael Oglesbee is the… Read More
Lessons From Congress’ Last Experience Helping Rescue An Economy In Free Fall
By: Kelsey Snell | NPR
Posted on:
Congress isn’t known for passing broad legislation quickly. Its response to the 2008 economic crisis has parallels with the coronavirus — and this period could also mean political blowback for some.
DeWine Says State Will Start Gradual Reopening of Businesses on May 1
By: Gabe Rosenberg | WOSU
Posted on:
COLUMBUS, Ohio (WOSU) — Ohio will begin the slow process of reopening shuttered businesses on May 1, Gov. Mike DeWine announced Thursday. “I will fight just as hard to get this economy back – I will give it everything I have – as I have fought to save the lives of Ohioans,” DeWine said at his… Read More
Business Dispute Panel Issues First Rulings on “Essential” Businesses
By: Karen Kasler | Statehouse News Bureau
Posted on:
COLUMBUS, Ohio (Statehouse News Bureau) — The panel set up to settle disputes over what are essential businesses that can operate during the state’s stay at home order has delivered its first set of rulings. Four cases before the Dispute Resolution Commission involved pet groomers. The panel ruled that county health departments were correct in determining groomers… Read More
WATCH: How Missed Rent Payments Spark a ‘Cascade’ of Financial Hardship
By: PBS Newshour
Posted on:
Many Americans affected by the coronavirus pandemic are struggling to pay their rent when they have lost income and haven’t yet been able to secure unemployment money. Missed rent, in turn, adds up to landlords who can’t pay their mortgages or property tax. And then cities and states will struggle to provide the basic services… Read More
House Convenes Task Force to Consider Ohio’s Post-Shutdown Economic Options
By: Karen Kasler | Statehouse News Bureau
Posted on:
COLUMBUS, Ohio (Statehouse News Bureau) — More than 226,000 people – over a quarter of a million Ohioans – filed for unemployment in just the last week. Nearly 700,000 Ohioans have filed in the last three weeks. And a task force of state representatives met this week and will meet again Monday to talk about when to… Read More
State’s Revenues Take Hit After Coronavirus Closures
By: Karen Kasler | Statehouse News Bureau
Posted on:
COLUMBUS, Ohio (Statehouse News Bureau) — Bars and restaurants in Ohio closed on March 15, and the stay at home order took effect March 23. And the state is now starting to feel the financial effects of those and other restrictions imposed to halt the spread of coronavirus. Last month’s preliminary state revenue was down 10.5%… Read More
Ohio Offers Appalachian Businesses Loan Help During COVID-19 Disruption
By: Allison Hunter
Posted on:
NELSONVILLE, Ohio (WOUB) — Small businesses in Ohio’s Appalachian counties may receive help offsetting losses due to the state’s attempts to slow the spread of COVID-19. JobsOhio is infusing Appalachian Growth Capital, LLC (AGC) with $2 million to secure loans for companies in eastern and southern Ohio. According to a press release, AGC is a… Read More
3.3 Million File For Unemployment Claims, Shattering Records
By: Jim Zarroli | Avie Schneider | NPR
Posted on:
A record number of Americans filed for unemployment benefits for the first time last week as the coronavirus hammered the economy. It’s nearly five times the levels seen during the Great Recession.
State Jobless Filings Will be Released Weekly, Not Daily, as Feds Demand
By: Karen Kasler | Statehouse News Bureau
Posted on:
The numbers of Ohioans filing for unemployment benefits are rising daily – so many that the state’s unemployment website was having trouble handling them. And the state is now clarifying why it will no longer do daily releases about how many people are filing jobless claims. For the first few days of shutdowns related to… Read More
Federal Reserve Unveils ‘Extensive New Measures’ To Bolster U.S. Economy
By: Bill Chappell | NPR
Posted on:
Seven U.S. states are now reporting 1,000 or more cases of COVID-19, and experts believe the number of infected people will rise further as testing becomes more available
Anxiety In Appalachian Coal Country: First The Mines Closed, Then Came Coronavirus
By: Sydney Boles | Ohio Valley ReSource
Posted on:
As the economic fallout from the coronavirus continues to reshape our lives, small-town business owners are worried about the future. Whitesburg, Kentucky — a town already struggling from the decline in the coal industry — is grappling with a new and serious challenge as the effort to contain the disease brings deep economic pain. The… Read More
In Weighing Business Closures, DeWine Says He’s Prioritizing Safety Over Economy
By: Andy Chow | Statehouse News Bureau
Posted on:
Ohio has seen its first confirmed death caused by COVID-19. Now Gov. Mike DeWine is ordering senior centers to close as he evaluates the potential shutdown of other businesses. Throughout the course of several days DeWine closed many businesses to delay the spread of coronavirus – places with large gatherings like movie theaters and places… Read More
DeWine Tells Companies to Monitor Employee Temperatures
By: Andy Chow | Statehouse News Bureau
Posted on:
Gov. Mike DeWine is laying out protocols for businesses while strongly recommending employers to take aggressive action when it comes to protecting the workplace against coronavirus. DeWine says businesses that remain open must take the temperature of every employee who enters the office, and if anyone is sick or has a fever they must be allowed to go… Read More
Fed Cuts Rates To Near Zero As Coronavirus Rips Through Economy
By: Avie Schneider | NPR
Posted on:
The Federal Reserve cut its key interest rate to near zero — a dramatic move not seen since the depths of the 2008 financial crisis. President Trump — who has slammed the Fed — praised the move.
Dow Dives 1,900 Points, NYSE Halts Trading As Stock Indexes Plummet
By: Avie Schneider | NPR
Posted on:
New York Stock Exchange trading was halted temporarily after indexes plunged 7% in reaction to Saudi Arabia’s oil price cut amid increasing fears over the coronavirus epidemic’s economic impact.
WATCH: How the IMF is Trying to Reduce the Economic Fallout of Novel Coronavirus
By: PBS Newshour
Posted on:
Restrictions intended to control the global outbreak of novel coronavirus continue to increase. In many countries, schools are closed, travelers face quarantine and business has ground to a halt. PBS NewsHour’s William Brangham reports and Judy Woodruff talks to Kristalina Georgieva, managing director of the International Monetary Fund, about how it is attempting to offset… Read More