20 Million Workers Pay Cut or Hours Cut as Global Economic Collapse Enters New Phase

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There has been widespread wage and hours cut and that’s on top of massive unemployment, and an economic downturn with absolute uncertainty. All of this has compounded and yet the media refuses to acknowledge it, the stock market certainly isn’t looking for that information, and the cheerleaders will only look at nonsensical worthless distractions that do not help you in the least. Instead…

 

America’s hidden economic crisis: Widespread wage cuts – POLITICO

www.politico.com/news/2020/07/19/wage-cuts-economy-crisis-368508

U.S. Companies Lose Hope for Quick Rebound From Covid-19 – WSJ

www.wsj.com/articles/u-s-companies-lose-hope-for-quick-rebound-from-covid-19-11595151000

2020-07-11_07-55-30_0.png (810×520)

www.zerohedge.com/s3/files/inline-images/2020-07-11_07-55-30_0.png?itok=a38G1EmR

Coronavirus continues hit L.A., Long Beach ports hard halfway through 2020 – Daily News

www.dailynews.com/2020/07/15/coronavirus-continues-hit-l-a-long-beach-ports-hard-halfway-through-2020/

Mnuchin Says U.S. Should Weigh Forgiving ‘Small’ PPP Loans – Bloomberg

www.bloomberg.com/news/articles/2020-07-17/mnuchin-says-u-s-should-weigh-forigiving-all-small-ppp-loans

State of the Industry | OpenTable

www.opentable.com/state-of-industry

Brookfield, other US mall owners rent out parking lots during pandemic

www.cnbc.com/2020/07/14/brookfield-other-us-mall-owners-rent-out-parking-lots-during-pandemic.html

DBS CEO says ‘a big, big challenge’ is looming in the global economy

www.cnbc.com/2020/07/20/dbs-ceo-says-a-big-big-challenge-is-looming-in-the-global-economy.html

Data: Congress created virus aid, then reaped the benefits – SFGate

www.sfgate.com/news/article/Data-Congress-created-virus-aid-then-reaped-the-15393082.php

 

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