Category «Financial System»

How our favorite pastimes will change in post COVID-19 world

Morning Consult Analysis – “The coronavirus outbreak has separated many Americans from their typical pastimes, relegating people to their homes during any free time they may have. With this, certain pastimes are seeing new life. But how likely is it that consumers will continue to enjoy these pastimes post-pandemic, and which ones are just temporary …

Subjects: Economy, Education, Financial System, Food and Nutrition, Health Care, Internet, Knowledge Management, Social Media, Transportation

White House is reviewing detailed guidance for gradual reopening

Washington Post – “…The guidance under review, drafted by the Centers for Disease Control and Prevention, is considerably more detailed. Changes could be made, but the guidance is likely to be released within the next seven days, officials said. The 17-page guidance lists recommendations for each of six settings. It says all decisions should be …

Subjects: Economy, Education, Financial System, Government Documents, Health Care

German minister backs creating legal right to work from home

AP: “Germany’s labor minister wants to enshrine into law the right to work from home if it is feasible to do so, even after the coronavirus pandemic subsides. Labor Minister Hubertus Heil told Sunday’s edition of the Bild am Sonntag newspaper that he aims to put forward such legislation this fall. He said initial estimates …

Subjects: Economy, Financial System, Health Care, Legal Research

The Pandemic Will Change American Retail Forever

The Atlantic– “…To see how the pandemic is already reshaping American retail, you don’t even have to go outside and count storefronts. Your receipts and credit-card statements tell the whole story. On Thursday, the U.S. Commerce Department reported that retail spending in March collapsed by the largest number on record. Travel spending—including on airlines, hotels, …

Subjects: E-Commerce, Economy, Financial System, Health Care, Medicine

CBO’s Current Projections of Output, Employment Interest Rates Federal Deficits

CBO’s Current Projections of Output, Employment, and Interest Rates and a Preliminary Look at Federal Deficits for 2020 and 2021 – “The economy will experience a sharp contraction in the second quarter of 2020. In CBO’s current economic projections, inflation-adjusted gross domestic product (real GDP) declines by about 12 percent in that quarter, equivalent to …

Subjects: Economy, Financial System, Government Documents, Legal Research

Description Of The Tax Provisions Of Public Law 116-136, The Coronavirus Aid, Relief, And Economic Security Act

Joint Committee on Taxation – Description Of The Tax Provisions Of Public Law 116-136, The Coronavirus Aid, Relief, And Economic Security (“CARES”) Act, April 22, 2020: “This document, prepared by the staff of the Joint Committee on Taxation in consultation with the staffs of the House Committee on Ways and Means and the Senate Committee …

Subjects: Congress, Economy, Financial System, Government Documents, Legal Research, Legislation

Tracking How Governments Are Providing Financial Regulatory Relief

April 22, 2020: by Aidan Lawson and Greg Feldberg – “The Yale Program on Financial Stability has produced and will continue to update a spreadsheet to assist those contemplating programs to provide operational regulatory relief to financial institutions. The spreadsheet catalogs historical examples, identifies interesting features, summarizes existing evaluations of programs, and shares general resources …

Subjects: Economy, Financial System, Government Documents, Legal Research

Rationing Social Contact During the COVID-19 Pandemic

Benzell, Seth and Collis, Avinash and Nicolaides, Christos, Rationing Social Contact During the COVID-19 Pandemic: Transmission Risk and Social Benefits of US Locations (April 18, 2020). Available at SSRN: https://ssrn.com/abstract=3579678 -“To prevent the spread of COVID-19, some types of stores and gathering places have been shut down while others remain open. The decision to shut …

Subjects: Economy, Financial System, Government Documents, Health Care, Knowledge Management

Where to donate your stimulus check to help people affected by coronavirus

Digital Trends: “Millions of Americans have received stimulus checks from the IRS as part of the government’s relief program for the economic fallout caused by COVID-19, also known as coronavirus. If you got your stimulus money but don’t feel like you need it, there’s never been a better time to donate your stimulus check to …

Subjects: Economy, Financial System, Health Care

Interim coronavirus deal legislative text

April 21, 2020, Senate, 116th Congress 2nd Session – the Paycheck Protection and Program and Health Care Enhancement Act – encompassing and additional $484 billion – “To increase amounts authorized and appropriated for commitments for the Paycheck Protection Program authorized under Section 7(a) of the Small Business Act, economic injury disaster loans and emergency grants …

Subjects: Congress, Economy, Financial System, Government Documents, Health Care, Legal Research, Legislation

Coronavirus: How Law Firms Are Handling The Downturn

Law360 — UPDATED April 21, 2020, 1:30 PM EDT | “The spreading coronavirus pandemic has upended the legal industry, forcing firms to cut salaries, lay off attorneys and make changes to summer associate programs. Here is a roundup of how law firms are responding.  Click firms below for more details. This list will be updated with …

Subjects: Economy, Financial System, Health Care, Legal Research, Marketing