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Whose Unemployment Rates Are Bouncing Back Most – WalletHub Study

Whose Unemployment Rates Are Bouncing Back Most – WalletHub Study

The latest jobs report shows the national unemployment rate at 13.3%, which is 10% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the city level, WalletHub today released its report on the Cities Whose Unemployment Rates Are Bouncing Back Most, as a follow-up to our report […]

Budget Office Predicts Robust Economic Growth Through Year End

Budget Office Predicts Robust Economic Growth Through Year End

BY ALAN MCDONNELL Real GDP set to grow 6.2 percent from July to December The Congressional Budget Office (CBO) said this week that the U.S. economy is poised for real GDP growth at an annualized rate of 12.4 percent in the second half of 2020, with unemployment to peak in the third quarter before falling rapidly through this […]

BUSINESS | California Small Business – Comment on Today’s Depressing Jobs Report

BUSINESS | California Small Business – Comment on Today’s Depressing Jobs Report

SACRAMENTO, Calif., July 1, 2020—On the day California hit motorists with its annual increase in the gas tax and on the eve its state Senate is looking to pass a greatly expanded family leave law socking small-business owners with new costs, NFIB’s month Jobs Report showed, to little surprise, a worsening economy. “You have to […]

Newsom warns of more enforcement, restrictions for California

Newsom warns of more enforcement, restrictions for California

BY SOPHIA BOLLAG California Gov. Gavin Newsom signed a $202 billion budget Monday with emergency pandemic funding, expanded unemployment aid and billions of dollars in cuts forced by the coronavirus-caused recession. The budget that takes effect Wednesday assumed a $54 billion deficit brought on by the COVID-19 pandemic and Newsom’s March stay-at-home order, which halted much of the state’s […]

BUSINESS | Local Comment on Today’s Survey Results on Federal Loan Usage

BUSINESS | Local Comment on Today’s Survey Results on Federal Loan Usage

Results from a national survey of small-business owners released today by their leading association revealed a variety of information on such things as the use of the two federal loan programs, how many would be using the extended forgiveness period, how many will need more money, and awareness of the tax deferment provision.  “There are […]

Rental and business grant programs launch June 17 and June 24

Rental and business grant programs launch June 17 and June 24

Ventura, CA – The County of Ventura launches Rental and Business Assistance Programs aimed at providing relief from the impacts of COVID-19. Residents can apply for rental assistance from June 17 to July 1, 2020 at www.ventura.org/rent and business owners can apply at www.vcreopens.com from June 24 to July 8, 2020.  “Our community is hurting. […]

Trump Admin Considers Months-Long Suspension Of Work Visas

Trump Admin Considers Months-Long Suspension Of Work Visas

Mary Rose Corkery    The Trump Administration is considering a months-long suspension of work visas during the coronavirus, officials familiar with the plan told the Wall Street Journal. The order could restrict H-1B visas for highly skilled workers, H-2B visas for seasonal workers and other types of work visas, and might extend past Oct. 1., according to the WSJ. […]

Camarillo Seeks Community Input on Consumer Confidence (June 9, 2020)

Camarillo Seeks Community Input on Consumer Confidence (June 9, 2020)

Camarillo, California – The City of Camarillo is asking about consumer confidence as City staff prepare a plan for economic recovery. The community is invited to provide input on reopening using an online survey, which has been developed in partnership with the Camarillo Chamber of Commerce and Russell Fischer Business Collection. Click here to take […]

BUSINESS | US Manufacturing Exodus From China Gets Underway

BUSINESS | US Manufacturing Exodus From China Gets Underway

BY EMEL AKAN WASHINGTON—The CCP virus pandemic has put global supply risks into the limelight, and recent data compiled by a Hong Kong-based supply chain inspection company shows that U.S. firms have already started moving their sourcing away from China. A manufacturing exodus was already underway due to the uncertainties created by the U.S.–China trade war in 2019. The CCP (Chinese Communist Party) virus, also known as […]

Another Bank Bailout Under Cover of a Virus

Another Bank Bailout Under Cover of a Virus

    by Ellen Brown Insolvent Wall Street banks have been quietly bailed out again. Banks made risk-free by the government should be public utilities.   When the Dodd Frank Act was passed in 2010, President Obama triumphantly declared, “No more bailouts!” But what the Act actually said was that the next time the banks […]

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