Michael Goodwin, the author of the excellent comic book guide to economics, called Economix, has a new comic on his website looking at why the stock market is doing well even though the economy is not.
Hotels are suffering greatly as a result of the pandemic, reports MSN. By the end of the year, the hotel industry in the United States will have recorded a billion unsold hotel room nights. Based on an average daily rate of $131, hotel owners have seen about $46 billion in lost revenue. The result, industry… READ THE REST
President-Elect Joe Biden, in a statement on the November jobs report released Friday, says he is "encouraged by the bipartisan efforts in the Senate around a $900 billion relief package." He adds: "Congress and President Trump must get a deal done for the American people." [Read the BLS November Jobs Report] "This is a grim… READ THE REST
Dana Rubenstein's New York Times piece paints a grim picture of the city's economic outlook: The unemployment rate in New York City is 16 percent, twice as high as the rest of the country. Personal income tax revenue is expected to drop by $2 billion this fiscal year. Only a third of hotel rooms are occupied, and… READ THE REST
While it never hurts when your company name becomes a verb, but there's a lot more to Google than a simple web search. Sure, Google's search engine is also the engine that powered the firm into its current position as one of the 10 most valuable companies in America, but the company has spent the… READ THE REST
While smartphones and other devices have reached world-class heights for capturing images and even video at up to stunning 4K quality, they still leave a lot to be desired in the audio department. That's because while companies have engaged in a two-decade arms race to constantly one-up each other for the biggest, best camera available,… READ THE REST
It's no wonder so many adults are fascinated by world travel. From the time we're small children, living in a world that often doesn't extend far beyond our home, family, and neighborhood, the thought of all the amazing places on planet Earth with their fantastic views, incredible wildlife, eye-opening customs, and more is magical. It… READ THE REST