, it’s probably not a great idea to spit while you run right now.
Zoom therapy in a pandemic
How do I keep from fighting with my partner about money? What do I say to a friend who’s just lost a job? This week, a little financial therapy session over zoom to help us all cope with our COVID-19 anxiety.
Unemployment is even worse than it looks
About 17 million Americans filed unemployment claims in the past three weeks and the actual number of jobs lost is almost certainly higher. Today, we’ll try to figure out how high unemployment might go by the summer. Plus: how food banks are coping with the crisis and how credit markets might indicate recession.
“Nowhere to hide” from layoffs
More than 6.6 million Americans have filed for unemployment claims in the past week, and they’re spreading into new industries. The Fed will make $2.3 trillion more available to backstop the economy. President of the Boston Fed surveys the economy.
Nobel laureate on poverty and COVID-19
Warnings that the pandemic could push half a billion people into poverty. Nobel laureate Esther Duflo offers advice for aiding the poor. We’re in for another awful report on layoffs in the U.S. today.