Zombie Democracy – Apartheid Fort NZ

5,500 Foreigners Violently Killed & 35,000 Seriously Injured by NZ Tourism Machination since 2000 — Welcome to the World's Deadliest Tourist Attraction: The Final Destination!

Archive for May 8th, 2020

COVID-19 Impact: “It’s the economy, stupid!”

Posted by te2ataria on May 8, 2020

Sent by VGS

US jobless claims: Coronavirus has put 33.5 million out of work

At least 50% of the entire workforce has been adversely affected: Independent experts

“Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.

“Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the coronavirus began forcing millions of companies to close their doors and slash their workforces. That is the equivalent of 1 in 5 Americans who had been employed back in February, when the unemployment rate had reached a 50-year low of just 3.5%.”

April jobs report is expected “to be the worst since modern record-keeping began after World War II. The unemployment rate is forecast to reach [between 16% and 25%,] the highest rate since the Great Depression, and economists estimate that 21 million jobs were lost last month. If so, it would mean that nearly all the job growth in the 11 years since the Great Recession ended has vanished in a single month.”

Meanwhile…

Bank of England warns UK faces historic recession

UK unemployment to double and economy to shrink by 14% –Bank of England

Britain is facing its worst recession in 300 years, according to the latest scenario from the Bank of England. The BoE estimates that GDP will plunge by 25% this quarter, with unemployment hitting 9%, due to the abrupt halt to activity under the Covid-19 lockdowns.

COVID-19 : A Pause Before the Storm

Nature’s Defenses Designed the “Perfect Virus to Allow a Pause for Refection… a Pause Before the Storm!

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