Tag: covid19

Entertainment Industry Struggles Amid Pandemic are Complicated

Entertainment Industry Struggles Amid Pandemic are Complicated

COVID-19 has hit a lot of different sectors of the economy hard, for many different reasons, but perhaps none is as complicated as the entertainment industry. Basically, if it's something you had to go buy a ticket to, with long advance notice, it just isn't happening in 2020.

The "event economy" or "fun sector" is basically wiped out for the time being. However, it doesn't mean that it's overall bearish for the entertainment sector until we pull ourselves out of the COVID-19 pandemic. The so-called "stay at home" economy is thriving, as this is now a great time for subscription streaming services. "Netflix and chill, anyone?"

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Is the Worst of the Stock Market Crash Behind Us Now?

Is the Worst of the Stock Market Crash Behind Us Now?

Make no mistake about it the world's economies are in for a world of pain as mandatory social distancing measures cripple entire industries and their related supply chains. No one can say for sure how long it will last or how bad it might get, but it's possible that the stock market has already priced in the lean times ahead.

For those believe the Dow Jones Industrial Average is predictive and anticipative of greater economic conditions, perhaps the worst is now behind us. Before a sizable pull back this past Friday, last week consisted of a three-day surge that saw the Dow post the largest rally since the Depression era. Monday closed 690 points above the previous trading day, and that put the index in the green four of the past five sessions. 

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Will the $2.2 Trillion Economic Relief Package Be Enough?

Will the $2.2 Trillion Economic Relief Package Be Enough?

The United States Senate, by a vote of 96-0, approved a $2.2 trillion dollar coronavirus pandemic aid initiative on Wednesday, with Speaker Nancy Pelosi planning to push the bill through the House of Representatives on Friday. From there it will be sent to President Trump for his signature, and then the economic relief package will become law.

It's by far the largest economic relief bill in American history, but that was to be expected, especially when you factor in the time value of money. A majority of the funds will be geared towards financial stimulus, with $500 billion set aside for sending direct payments of $1,200 to every American that earns less than $75,000 per year. It is expected that these checks will take three weeks to reach these Americans in need, so billionaire businessman and entrepreneur Mark Cuban is trying as hard as he can to get this money to the people who need it faster.

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Coronavirus Pandemic: Eight News Stories Providing Hope

Coronavirus Pandemic: Eight News Stories Providing Hope

While many would often first compare the current coronavirus pandemic that we're facing to the Spanish Flu and World War I, there's another way to look at it. Maybe this more like WWII, where every single facet of our daily lives was altered (we're certainly at that point now), and every single one of us changed our daily habits to aid the war effort.

It's a full on mobilization- whatever you do everyday for work, now you do work that helps the cause. During WWII the car companies switched to making tanks. If everybody does their part, it all adds up, and soon we get through, triumphantly, to the other side of the pandemic.

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