The New Normal, Economic Collapse and Distress of Nations; US Fed chair warns of economic tragedy if America can’t control the coronavirus By Anneken Tappe, CNN Business Updated 4:38 PM ET, Tue October 6, 2020 New York (CNN Business) America is on the long road to economic recovery from […]
The New Normal, Worldwide Economic Collapse; Shell to cut up to 9,000 (3×3) jobs as Covid-19 accelerates green drive Anglo-Dutch oil firm expects to save up to $2.5bn a year through restructuring plan The Guardian. September 30, 2020 Royal Dutch Shell plans to cut up to 9,000 jobs in […]
The New Normal, Worldwide Economic Collapse; Airbus warns of MASSIVE LAYOFFS amid “gravest crisis” in company’s history. Plans to slash 15,000 (5+5+5) jobs. 5,000 (5) jobs in Germany. 14 Sep, 2020 RT The head of European plane maker Airbus, Guillaume Fauryhas, has told staff that compulsory redundancies may be […]
The New Normal, Worldwide Economic Collapse; German central bank issues terrifying warning to Merkel and EU – ‘A big shock is coming!’ ANGELA MERKEL is on alert after Germany’s central bank – the Bundesbank – warned that a “big shock” is still to come to its economy, with […]
The New Normal, Worldwide Economic Collapse; US layoffs remain elevated as incomes and spending weaken CHRISTOPHER RUGABER Associated Press•October 1, 2020 WASHINGTON (AP) — The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative […]
The New Normal, Worldwide Economic Collapse; This Explosion Of Bankruptcies And Layoffs In The United States Is Unlike Anything We Have Ever Seen Before September 30, 2020 by IWB Michael Snyder The U.S. economy was supposed to be turning a corner by now, but instead it looks like we are […]
The New Normal, Worldwide Economic Collapse; H&M is closing 250 (5×5) stores By Jordan Valinsky, CNN Business Updated 9:54 AM ET, Thu October 1, 2020 New York (CNN Business) H&M is closing 250 stores next year because of the coronavirus pandemic, as people increasingly shop online. The fast-fashion retailer has 5,000 (5) […]
The New Normal, Worldwide Economic Collapse; Disney to lay off 28,000 workers at domestic theme parks and other units Ryan Faughnder LA Times•September 29, 2020 The COVID-19 pandemic has brought substantial layoffs to Walt Disney Co.’s massive theme park operations and other units. The Burbank-based company said Tuesday […]
The New Normal, Worldwide Economic Collapse; American & United axing 32,000 jobs as government cannot agree on airline bailout. As many as 50,000 (5) jobs are at stake. The layoffs would add to job losses that already total 150,000 (5+5+5) at the nation’s four largest carriers. American Airlines has […]
The New Normal, Worldwide Economic Collapse; Every corporation in America is now on government life support 1 Oct, 2020 RT The US economy has suffered its sharpest drop in the second quarter of 2020, with GDP plunging more than 31 percent due to the Covid-19 pandemic and the ensuing […]
