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By / 4.9.2020

As of Thursday, April 9, Treasury and the Federal Reserve are finally starting to set set up the facilities need to use the $500 billion in funds for “severely distressed sectors” contained in the $2.2 trillion CARES relief act. The money has to be allocated by December 31, 2020. In this initial round, the Fed […]

By / 4.2.2020

In our previous blog post, we wrote about the importance of keeping the food/essentials supply chains open. With hundreds of millions of Americans stuck at home, having a dependable source of food is essential to avoid panic and to stay the course on social distancing. That’s not optional. We equally stressed the importance of the […]

By / 3.27.2020

Get ready for the biggest economic and financial roller coaster of all time.  Policymakers in the United States and around the world are opening up the monetary spigots full bore and limbering up spending packages on an unimaginable scale. This comes after more than a decade of low interest rates. In the United States,  Congress […]

By / 3.12.2020

The outbreak of COVID-19 (commonly known as coronavirus) has created a global market downturn and raised the prospect that the United States could enter its first recession since the 2008 financial crisis. Last night, President Donald Trump and U.S. House Speaker Nancy Pelosi offered two competing approaches for securing both the health and economic security […]

By / 3.9.2020

It’s the S-word–shortages. The greatest manufacturing nation in the world, but we can’t make enough masks and other protective gear for our frontline healthcare workers? The coronavirus crisis points out what many of us already knew–globalization is not enough to provide the flexibility and surge response that the U.S. needs. Apparently in medical emergencies,  countries […]

By / 2.12.2020

The failure of the app intended to collect results from the Democratic caucuses in Iowa wasn’t the best advertisement for the App Economy. But we have to remember that apps play a central role in the economy. As part of a global project measuring the size of the App Economy, we estimated the U.S. App […]

By / 2.5.2020

In a perfect example of unintended consequences, restaurant workers are pushing back against a nationwide campaign by labor advocates intended to raise their wages. They worry that the advocates’ push will cost them more in lost tips than they’ll gain in mandated wage increases – and cut their income overall.  These workers have found an […]