The jobs crisis created by the pandemic will last years. That’s according to a new report from the Organization for Economic Cooperation and Development, which said Tuesday that unemployment is far worse than what followed the 2008 financial crisis and will persist at elevated levels at least until 2022. The Paris-based agency encouraged countries to…… MORE
The American economy’s unprecedented jobs rebound masks a difficult truth: For millions of people, the jobs they lost are never coming back. “It’s clear that the pandemic is doing some fundamental damage to the job market,” said Mark Zandi, chief economist for Moody’s Analytics. “A lot of the jobs lost aren’t coming back any time…… MORE
Adraint Bereal was preparing for his end-of-semester thesis showcase a few months ago, gearing up for a summer internship at an ad agency in New York. A 22-year-old recent graduate of the University of Texas at Austin, Bereal is the first in his family to attend college, and he was intending to use his design…… MORE
Major retailer Target has pulled Washington Redskins merchandise from its online store as the NFL team faces renewed pressure from investors who oppose the name’s racist connotations. “We are in the process of removing the items from our assortment,” Target said in a statement on Monday. The Redskins announced Friday that the team will review…… MORE
Tuesday is #BlackOutDay2020, when many Black Americans plan to showcase their combined economic might by refusing to spend any money on anything at all. Those who have to buy something are being encouraged to spend their money at a Black-owned business. Social media personality and activist Calvin Martyr has spent the last two months promoting…… MORE
Following the huge success of “The Last Dance” and renewed discussions about systemic racism in America, Disney is partnering with one of the most notable voices in the country: Colin Kaepernick. The company announced a production deal with the former NFL quarterback turned activist on Monday. The first project between the two will be a…… MORE
Fox News said on Monday that it “mistakenly” cropped President Trump out of a photograph that featured the accused sex-trafficker Jeffrey Epstein and his alleged accomplice Ghislaine Maxwell. “On Sunday, July 5, a report on Ghislaine Maxwell during Fox News Channel’s ‘America’s News HQ’ mistakenly eliminated President Donald Trump from a photo alongside then Melania…… MORE
Amazon CEO Jeff Bezos, already the world’s richest man, has even more to celebrate. Amazon shares topped the $3,000 mark for the first time ever Monday as tech stocks continued to soar. Amazon is now worth more than $1.5 trillion, joining Apple and Microsoft above that lofty level. This has helped push the Nasdaq to…… MORE
Tesla is having a great year. Its stock is up 200% in 2020, its market value now exceeds every other carmaker on the planet, as well as Disney and Coke. CEO Elon Musk may truly have proved Tesla’s haters wrong. But it wouldn’t be like Musk to celebrate quietly with a bottle of champagne (and…… MORE
A tell-all book by President Trump’s niece Mary, a licensed clinical psychologist, will now be published next week, two weeks earlier than expected, the publisher Simon & Schuster said Monday. The book portrays the president as a “damaged man” with “lethal flaws” who “threatens the world’s health, economic security, and social fabric,” the publisher described…… MORE
