States and municipalities throughout the country are expected to miss out on about $16.8 billion in taxes this year because of the pandemic’s impact on the hospitality industry, a new study says.
Because conventional economic reports on hiring, consumer confidence and spending can lag a month or more, investment strategists are looking at other indicators.
Taubman Centers said in a filing alleging illegal termination that rival mall landlord Simon Property Group knowingly assumed the risks of the pandemic at the time their $3.6 billion merger deal was announced.
The Indiana State Department of Health on Thursday said 36.9% of Indiana’s intensive car unit beds and 81.6% of its ventilators are available.
Weekly claims had been declining in Indiana during the pandemic until increasing the past two weeks.
The mask debate is playing out nationwide, notably in hard-hit states where face coverings have become a political and cultural debate.
Markets have been trending upward this week, but rising levels of coronavirus infections in several hotspots around the world are raising concerns that all the improvements could get upended.
Gov. Eric Holcomb and state lawmakers have agreed to move forward with the current budget, he said during a scheduled video conference. That includes maintaining the planned $183 million increase in school funding.
The Indiana Department of Health said Wednesday that official COVID-19 cases in the state have risen past 41,000.
LaGrange County’s COVID-19 cases have jumped, with 215 new cases since Memorial Day. In all, the number has almost quadrupled in 21 days.
Economists at IHS Markit said this could be the shortest recession on record for the United States, perhaps just a couple months.
A preliminary version being prepared by the Department of Transportation would reserve most of the money for traditional infrastructure work, such as roads and bridges, but would also set aside funds for 5G wireless infrastructure and rural broadband.
Airlines for America, a trade organization, said a group of major American airlines will begin “vigorously” enforcing face-covering policies after reports of travelers not being held to the safety standard.
The findings could influence policymakers who are facing tough decisions about when and how to reopen schools and daycare centers.
The White House has launched an initiative to quickly manufacture millions of doses of COVID vaccines, once the Food and Drug Administration approves one or more formulations.
The Indiana State Department of Health said 11.2% of those tested for the virus in Indiana so far have tested positive.
Researchers in England say they have the first evidence that a drug can improve COVID-19 survival: The cheap, widely available steroid reduced deaths by up to one-third in severely ill hospitalized patients.
American industry rebounded last month as factories began to reopen for the first time since being shut down by the coronavirus in Aprll.
President Trump imposed a 60-day pause on visas for foreigners seeking permanent residency on April 22, but the order included a long list of exemptions.
Players would receive their entire salaries for the year despite playing a schedule that’s only about two-thirds the length of the 36-game one that was supposed to start May 15.
