First electron microscopic images of the novel coronavirus in China [CDC.gov, public domain, 1/24/2020]
Major U.S. passenger and cargo airlines say they need more than $50 billion in federal bailout money as the coronavirus pandemic closes businesses and dramatically slows down air travel.
A lobbying group that represents 10 U.S. passenger and cargo airlines said Monday that in a worst-case scenario, the airlines will “run out of money completely sometime between June 30 and the end of the year.”
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The aid, if received, would be the industry’s first broad bailout since the wake of the Sept. 11, 2001 attacks. It is also the clearest sign yet of the financial damage coronavirus and the draconian measures governments are taking to stop it are having on American businesses.
Airlines for America, which represents carriers including Delta, United, American, and Southwest, recommended passenger carriers immediately receive up to $25 billion in grants to compensate for reduced liquidity and in the medium-term $25 billion in low- or zero-interest loans.
US airlines seek more than $50 billion in government assistance as coronavirus roils business
“I will use future gains on my Reddit stock to serve the black community, chiefly to curb racial hate”
On Twitter today, Tesla and SpaceX founder and CEO Elon Musk called for the federal breakup of Amazon.
Nevada ordered a statewide shutdown of all casino and gambling operations on March 17. Casinos and the hotels, restaurants, clubs, and resorts attached to them were all closed two-and-a-half months ago, when Gov. Steve Sisolak’s emergency order shuttered “nonessential” businesses to prevent the spread of COVID-19.
Right tool for the right job. You probably heard a parent or grandparent say it at least once at some point. And it’s true in so many cases. If you spot a small tear in your living room curtains or near to hem a pair of pants, you can always use the good old fashioned […]
The world is holding its collective breath. As states begin cautiously reopening, no one is sure exactly what to expect. But one thing is clear: most Americans are worried about their bank accounts. By the end of March, the average American household was spending 40 percent less on their credit cards than they were one […]
Over 25 years, eBay has carved out its space as the commerce hub of choice online. With 182 million users worldwide, that works out to about 35 percent of all US mobile users who shop those eBay storefronts. But did you know there are usually around 1.3 billion — with a B — active for-sale […]