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

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

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

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

https://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)

https://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

https://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

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

State of the Industry | OpenTable

https://www.opentable.com/state-of-industry

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

https://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

https://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

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

 

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