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Why The Crisis May Make Powerful Corporations Even More Powerful
By: Greg Rosalsky | NPR
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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
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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… Read More
Retail Businesses Can Start Offering Curbside Pickup on Saturday
By: Jo Ingles | Statehouse News Bureau
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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… Read More
Loopholes In Small Business Relief Program Allow Thriving Companies To Cash In
By: Cheryl W. Thompson | Graham Smith | NPR
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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… Read More
Lessons From Congress’ Last Experience Helping Rescue An Economy In Free Fall
By: Kelsey Snell | NPR
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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
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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… Read More
Business Dispute Panel Issues First Rulings on “Essential” Businesses
By: Karen Kasler | Statehouse News Bureau
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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… Read More
WATCH: How Missed Rent Payments Spark a ‘Cascade’ of Financial Hardship
By: PBS Newshour
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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… Read More
House Convenes Task Force to Consider Ohio’s Post-Shutdown Economic Options
By: Karen Kasler | Statehouse News Bureau
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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… Read More
State’s Revenues Take Hit After Coronavirus Closures
By: Karen Kasler | Statehouse News Bureau
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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… Read More
Ohio Offers Appalachian Businesses Loan Help During COVID-19 Disruption
By: Allison Hunter
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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… Read More
3.3 Million File For Unemployment Claims, Shattering Records
By: Jim Zarroli | Avie Schneider | NPR
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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
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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… Read More
Federal Reserve Unveils ‘Extensive New Measures’ To Bolster U.S. Economy
By: Bill Chappell | NPR
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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
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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… Read More
In Weighing Business Closures, DeWine Says He’s Prioritizing Safety Over Economy
By: Andy Chow | Statehouse News Bureau
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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… Read More
DeWine Tells Companies to Monitor Employee Temperatures
By: Andy Chow | Statehouse News Bureau
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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… Read More
Fed Cuts Rates To Near Zero As Coronavirus Rips Through Economy
By: Avie Schneider | NPR
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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
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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
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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… Read More
Fed Cuts Interest Rates In Emergency Response To Coronavirus
By: Jim Zarroli | Scott Horsley | NPR
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The Federal Reserve’s move was unusual, coming between regularly scheduled policy meetings. Officials also left open the possibility of further cuts if the economic damage gets worse.
Despite Job Boom, More Men Are Giving Up On Work
By: Jim Zarroli | NPR
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The long economic recovery has brought unemployment to historic lows. But the number of men in the labor force during their prime working age has dropped significantly over the past 50 years.
WATCH: Why More Older Workers are Finding Themselves Unemployed as Retirement Approaches
By: PBS Newshour
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Many Americans plan to do the bulk of their retirement saving in their 50s. But what happens if you lose your job at that age instead? According to researchers, the… Read More
Amid Climate Debate and Coal’s Decline, West Virginia Considers its Future
By: Brittany Patterson | Ohio Valley ReSource
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On a recent soggy Wednesday evening, dozens of West Virginians packed a conference room inside the Charleston Coliseum and Convention Center to discuss the need for a “just transition” for… Read More
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