pandemic

People who are still afraid of catching COVID-19 are costing the US economy billions of dollars

People who are still afraid of catching COVID-19 are costing the US economy billions of dollars

More than two years into the coronavirus pandemic, social distancing is preventing some workers from returning to work. That’s according to this working paper distributed by the National Bureau of Economic Research. Some people are not ready to let their guard down, knowing that COVID-19 has not gone away. Some 13% of American workers say …

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Poor Covid test results in China raise fears 'the pandemic may never end'

Poor Covid test results in China raise fears ‘the pandemic may never end’

Residents line up outside a Covid-19 testing booth in Beijing, China, Monday, Nov. 28, 2022. The capital has required regular virus testing for more than six months. Bloomberg | Bloomberg | Getty Images BEIJING — Local frustration over China’s Covid controls has increasingly targeted virus testing requirements and the big business they’ve fueled. Trending on …

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Fed Chair Powell: America's 'housing bubble' formed during pandemic and now 'housing market will go through the other side'

Fed Chair Powell: America’s ‘housing bubble’ formed during pandemic and now ‘housing market will go through the other side’

In 2005, Fed Chairman Alan Greenspan told Congress that “a nationwide housing price bubble does not seem likely.” Of course, not only had a housing bubble formed, it was nearing its peak just as Greenspan was delivering this message on Capitol Hill. Fast forward to 2022, and the scars of the last bubble have clearly …

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Inflation increases cost of menstrual products on top of 'pink tax' and pandemic

Inflation increases cost of menstrual products on top of ‘pink tax’ and pandemic

Decades-high inflation is the big economic story of 2022, making it difficult for American consumers to afford essential supplies, including vintage goods. Menstrual hygiene, which was already facing cost increases due to state taxes (i.e. the so-called “tampon tax”), was also affected by inflation over several foreheads. According to data from analytics firm NielsenIQ and …

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UK small businesses brace for more pain after surviving pandemic

UK small businesses brace for more pain after surviving pandemic

In the depths of the pandemic in 2020, owners of some typical small businesses that are the bedrock of the UK economy explained their struggles to the Financial Times. On a return visit to the same contractors in Brickfields, a low-rise building in east London that has 98 offices and workshops, all of the businesses …

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