The Devastating Economic Impact of Covid-19 Shutdowns
By Amelia Janaskie and Peter C. Earle To this point, the destruction caused by state and Federal Covid-19 lockdowns has largely been expressed in aggregates….
Economic Collapse
Global Food Prices Rise As Famine Threat Emerges
By Tyler Durden Food prices continue rising during the coronavirus pandemic, jeopardizing food security for tens of millions worldwide. On Thursday, the Food and Agriculture Organization…
Las Vegas Records Alarming Surge In Apartment Tenants Unable To Pay Rent
By Tyler Durden Nevada’s leisure and hospitality sector — which made up around a quarter of the state’s total labor market before lockdowns — has…
Millions Risk Losing Power Over Unpaid Utilities As Most States’ Pandemic Grace Period Expires
By Tyler Durden Millions of Americans are facing a dire situation of being without power or water as their utility bills pile up, and as…
Grocery Stores Are Prepping for a Second Wave and Holiday Food Shortages
By Robert Wheeler Just a few days ago, I wrote an article (The Supply Chain Is Broken and Food Shortages Are HERE) detailing the disruptions…
Hawaii Food Bank Sees “Stunning” Increase In Meals Served
By Tyler Durden Hawaii is facing an economic cliff as federal stimulus money for small businesses and unemployed workers have dried up (read: here). This past…
Mapping COVID-19’s Crushing Impact On International Tourism
By Tyler Durden World Tourism Day is observed each year on September 27 to “foster awareness among the international community of the importance of tourism and…
San Francisco Rents Crash Most On Record Amid Mass Exodus
By Tyler Durden A new report confirms what we’ve been talking about since the early days (read: here) of the virus pandemic, that is, an exodus out of…
Six Months After The Pandemic Started: Manhattan Offices Are Only 10% Full
By Tyler Durden A vibrant economic recovery of America’s largest city that is New York City, depends on the return of office workers; otherwise, the…
Pandemic Special: “Don’t Pay Rent Until 2021” For NYC Apartments
By Tyler Durden The number of empty rental apartments in Manhattan has tripled compared with last year, forcing some landlords to become increasingly desperate as they struggle…
Macau Gaming Revenues Remain Down 90% In September As Slump Continues
By Tyler Durden Casinos in the world’s biggest gambling hub Macau showed minimal signs of improvement in September, slumping for the sixth consecutive month, despite…
Global Food Shortages Are Becoming Very Real; U.S. Grocery Store Chains Are Preparing For Worst Case Scenarios
By Michael Snyder The head of the UN World Food Program repeatedly warned us that we would soon be facing “famines of biblical proportions”, and…
NYC Hammered By 40% Bankruptcy Surge, Braces For Next Wave
By Tyler Durden While Wall Street panic buys stocks again on hopes Washington can pass the next round of much-needed economic stimulus, the broader commercial…
In Unprecedented Monetary Overhaul, The Fed Is Preparing To Deposit “Digital Dollars” Directly To “Each American”
By Tyler Durden Activist Post Editor’s Note: This is, of course, a plan that has long been discussed and is now coming to fruition with…