Tag: COVID19

States with the highest unemployment one year after the COVID-19 pandemic began

One year after the World Health Organization officially declared the coronavirus crisis a pandemic, Americans are still filing unemployment applications at a pace father than during the Great Recession.

While all states have seen unemployment applications recede from record highs after the coronavirus pandemic first roiled America’s employment picture last spring, some have suffered stubbornly high job losses months into the recovery.

According to the U.S. Department of Labor’s latest report, which breaks out the insured unemployment rate (a ratio of people on unemployment benefits divided by labor force) at the state level through Feb. 20, Pennsylvania led all states

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A COVID-19 vaccine at what price? Should all Americans be able to get a shot for free?

How much should it cost the average American to get a COVID-19 vaccine shot in the arm?

Although a vaccine is still months if not longer away, billions of tax dollars are being spent to rapidly research, develop, manufacture and distribute several candidates. The federal government has already promised to make a vaccine free for people of low income. But how many taxpayer dollars would enable everyone to get it without paying? 

That’s not clear, in part, because the government hasn’t released the details of the contracts it’s signing with vaccine developers, five of which will update members of Congress

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Will the remote work craze sparked by COVID-19 sound a death knell for office buildings?

Elliott Holt was always firmly opposed to letting employees work from home.

“There’s no control over it,” says the CEO of a Nashville-based medical records company. “We like to be in control.”

With MediCopy growing at breakneck speed, its work-in-the office ethos spelled a feverish expansion of its physical presence in Nashville. After adding a second office two years ago, the firm was poised to lease a third last month.

But since the coronavirus pandemic has forced nearly all of MediCopy’s 200 employees to work from home, Holt has had an abrupt change of heart. He says he’ll let staffers

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Why China will emerge from COVID-19 stronger than the U.S.

As COVID-19 cases hit new highs in the U.S., it’s clear this scourge isn’t going away anytime soon. Besides all the short and medium term issues, another point to consider is the disease’s impact on bigger trends. 

The coronavirus’ effect on the digital revolution for instance has been much discussed—basically the pandemic serves as an accelerant—Exhibit A being the fortunes of the FANG companies and their ilk. Much less recognized though is how the pandemic is reshaping another mega-trend, that being the rise of China and more particular to us, our relationship with the Chinese.

It’s a complicated scenario because

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Most can’t work remotely despite COVID-19

Mari Madlem says she has plenty of worries about going back to work during the coronavirus pandemic.

But the 69-year-old from Portland, Oregon, doesn’t have the option of telecommuting since she works as a cosmetics saleswoman at an upscale department store.

“I really have a lot of contact with people,” she says, adding that she’s anxious about whether co-workers and customers will take precautions like wearing masks. “If I don’t go back, I’m out of work.”

Despite her fears, Madlem is planning on returning because her monthly Social Security benefit of $1,240 isn’t enough to live on. Although her employer

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