A budget crisis and millions of unemployed: states drastically cut spending on Medicaid

Three states have cut Medicaid spending since the pandemic began, and others are warned of painful cuts in health insurance benefits and services, Politico writes. States facing a sudden drop in tax revenues amid the pandemic announce deep cuts ...

US immigrant businessmen and quarantine removal: what our people think about the situation in the country

Ukrainians in the United States, including businessmen, told VOA News about how they feel about lifting quarantine restrictions for the service sector. The first US state to quickly emerge from quarantine was Georgia. The Governor has already allowed most of the companies from ...

30 million in 6 weeks: quarantine unemployment in the US continues to break records

23 million Americans filed new jobless claims in the week ending April 3,84, CBS News reported. This brings the total number of Americans who have lost their jobs in the past six weeks to 30 million, a record for the rate of loss of workers ...

How to get health insurance if you lose your job due to coronavirus

If you lost your job and payments due to coronavirus, then you will have another problem added to your existing ones - lack of health insurance, writes The Penny Hoarder. According to the Economic Policy Institute, 49% of Americans received insurance through their employers.…

Waste food: why farmers all over the world throw tons of crops

Farmers around the world admit defeat to the virus as they are forced to recycle entire crops this year. There is no opportunity to take them out and sell them: markets and many logistics companies do not work, there are problems with the export of products from fields and warehouses, writes Liga.Business. ...

Coronavirus brought down China's economy - other countries in line

The Chinese economy sagged sharply in the first quarter of 2020, the first time in three decades of quarterly counting, as the COVID-19 pandemic paralyzed production and investment, the BBC's Russian service reported. China's GDP in January-March fell by 6,8% in annual terms after ...

Tenants in the USA, despite a moratorium from the authorities, are evicted for non-payment

Millions of people in the United States, following the rules of self-isolation during a pandemic, must be at home. But for many, this has become impossible, because landlords, despite the requirements of the moratorium, which operates in more than 30 states and dozens of cities in the country, continue to evict people for non-payment ...

11 ways to improve your financial situation during a crisis

The coronavirus pandemic has dealt a severe blow to the economy and personal finances of workers across the country. Experts predict that the total number of unemployed Americans could reach a whopping 47 million. Of those who have not yet lost their jobs, many are reduced wages or working hours, ...

Negative price: US oil producers pay extra for consumers to buy it

In one segment of the American market, oil prices have become negative - producers are actually paying consumers to take the “black gold,” writes Bloomberg. In mid-March, a price of minus 19 cents per barrel was recorded for thick oil producer Wyoming...

The head of the IMF announced the beginning of a world recession

The global economy plunged into a recession, no less than in 2009, said Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), RBC reports. "The recession for 2020 is expected to be quite deep," the head of the IMF said during a briefing, warning that the recovery in 2021 ...

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