Bloomberg News reports that the number of people claiming unemployment in the U.S. has spiked to 3.28m since the coronavirus outbreak took hold. That's four times the previous record and indicates an immediate, severe economic downturn. Bloomberg's economists expect it to approach 5.5m next month.
The magnitude of the economic devastation being wrought by the coronavirus pandemic was laid bare on Thursday when the U.S. government reported an unprecedented surge in the number of people seeking jobless benefits.
A total of 3.28 million people filed for unemployment insurance in the week ended March 21, dwarfing previous highs in Labor Department reports published since 1967. Two weeks earlier, before closures of businesses swept across vast swaths of the country, the number stood at 211,000, close to a half-century low.
Stop asking right-wingers the rhetorical question "who would you nominate to die then?" when they talk about letting people die to save "the economy". They are eager to get started.
COVID-19 sure has created some weird shortages. Clorox disinfectant wipes are one such product.
“Hammer Time” becomes “Sanitize” when Dr. Quentin J. Lee an Alabama principal, “sings a rap song about Covid to MC Hammer’s classic hit of ‘Can’t Touch This.'”
Behind the sensationalist headlines about the largest pullback in US history, there’s a lot of nuance and complexity, but the overall message is clear: the US economy is in big big trouble, especially the services sector. Economics Explained takes a deep dive and asks the question: is this the end of an empire?.
You may not realize it, but some of the biggest films in movie history have been edited using the same tools some of you use to cut your video of vacationing at Disney World. Giant movies from Oscar favorites The Social Network and Gone Girl to blockbusters like Avatar, Deadpool, and last year’s Terminator: Dark […]
Now that the initial furor and shortages have subsided, it’s probably not a bad time to start considering your long-term cleaning and disinfecting plans. Sure, that might seem anywhere from overly cautious to outright ridiculous, but the threat of COVID-19 appears poised to be present for a while and the need for quick travel clean-up […]
With more and more companies moving all their operations into the cloud, the need has never been greater for those with the skills to map exactly how an organization reconstitutes itself in that new environment. Network architects responsible for determining all the communication, storage, and infrastructure needs of an expansive organization are among the most […]