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State and local governments are facing “huge revenue shortfalls,” with cuts in education and services like police and firefighting likely, according to Edward Alden of the Council on Foreign Relations.
Federal Reserve Chairman Jerome Powell warns that the COVID-19 pandemic could result in a long-term recession and urges additional action by Congress and the White House to prevent it.
Although Connecticut added another 45 COVID-19-related deaths since yesterday, bringing its total to 380, Gov. Ned Lamont said the rate of increase in hospitalizations is "not going up -- in fact, it may be going down a little bit," a possible sign that the state's number of coronavirus incidents has peaked.
U.S. Sen. Richard Blumenthal (R-Connecticut) described the federal CARES Act as "imperfect but imperative -- it's not a panacea, and opined that there will be a fourth and fifth, and perhaps a sixth, federal economic stimulus bill as the situation develops.
Invoke the prefix “crypto” to most people, and negative thoughts are likely to follow; after all, dictionary.com defines the term as a noun meaning...
"Customers will always try to find cheaper replacements if and when a recession hits," said Kelly Campbell at Agency Growth Consultant LLC in Nyack.
"We still have governments and governments are not willing to let their currencies go," warned Nicholas Coriano of Cervitude Inc.