Just another ITMWPB Sites site
Walt Disney Co., the world’s largest entertainment company, will be furloughing more than 100,000 employees this week. It was reported Monday that the move makes nearly half its workforce eligible for unemployment while still protecting executive bonuses. Disney aims to save up to $500 million a month across its theme parks and hotels, which have …
Continue reading “Disney Furloughs Nearly 100,000 Workers Amid Shutdown”
Shake Shack is returning the money it received from the government’s stimulus loans program aimed at saving small businesses ravaged by the coronavirus pandemic. Shake Shack received $10 million in forgivable loans under the Paycheck Protection Program (PPP), which kicked off on April 3. The plan was meant to help small businesses pay employees during …
Continue reading “Shake Shack Plans To Send Back $10 Million Coronavirus Stimulus Loan”
A police officer was killed and two others were injured in what authorities described as an “ambush” in San Marcos, Texas. Officials said the shooting took place after officers responded to a 6:05 p.m. domestic disturbance call at an apartment complex, the San Marcos Police Department said in a statement. “During the course of their …
Sixteen people, including a police officer, are dead in Nova Scotia following the worst shooting rampage in Canadian history. The Royal Canadian Mounted Police said Sunday that the suspected shooter was also dead, identified as 51-year-old Gabriel Wortman. Police said he was believed to be wearing an RCMP uniform at one point, but he was …
Continue reading “16 Killed In Nova Scotia Shooting Rampage”
On Thursday, President Trump announced the White House’s guidelines for beginning to reopen the country, something he says was reached with input from medical experts and scientists. “We are not opening all at once, but one, careful step at a time,” Mr. Trump said, adding that states will reopen their economies at different times. On …
Continue reading “President Trump Announces New Guidelines For Reopening Individual State Economies”
Seven Midwestern governors announced on Thursday that they will coordinate on reopening their state economies amid the coronavirus pandemic, following similar agreements made in the Northeast and on the West Coast. This latest agreement includes Illinois, Ohio, Michigan, Indiana, Wisconsin, Minnesota and Kentucky. “We look forward to working with experts and taking a fact-based, data-driven …
Continue reading “Seven Midwest States Join Together To Work On Reopening The Economy”
Government relief checks began arriving in Americans’ bank accounts on Wednesday, as the economic damage to the U.S. from the coronavirus pandemic deepened. Sluggish sales at reopened stores in Europe and China emphasized that business will not recovery immediately once the crisis eases. The U.S. began issuing one-time payments this week to tens of millions …
Continue reading “U.S. Government Stimulus Checks Begin Arriving As Economy Plummets”
Retail sales plunged nearly 9% in March, marking the largest one-month drop in U.S. retail sales since the U.S. Department of Commerce began keeping records in 1992. A preliminary report from the Department of Commerce showed an 8.7% drop, or $483.1 billion, in sales, as the coronavirus pandemic worsened across the country.The drop was a …
Continue reading “Retail Sales Plunge 8.7% In The Largest Drop On Record”
The Trump administration said it will halt funding to the World Health Organization as it evaluates the agency’s “role in severely mismanaging” the coronavirus pandemic. President Donald Trump made the announcement Tuesday at a White House press conference, saying in part, “Today I’m instructing my administration to halt funding of the World Health Organization while …
New York City’s novel coronavirus death toll reached over 10,000 on Tuesday, after the Health Department included those who died without an official test. The Health Department estimated that the inclusion adds 3,778 New York City dwellers lost their lives to the fatal virus. The new count is 57 percent higher than reported just hours …
Continue reading “New York City Revises Death Toll To Over 10,000 Deaths Due To Covid-19”
