ECONOMY

After Layoffs Hit Hospitality Industry, Pandemic Threatens Longterm Job Security

6:51pm September 26, 2020

Experts say the hotel industry may not return to pre-pandemic levels until 2023. Laid-off hospitality workers are bearing the brunt of this long downturn.

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Airline Workers Face Unemployment Line

4:04pm September 24, 2020

by David Schaper

From mechanics to CEOs, employees of the nation's airlines are pleading for an extension of pandemic relief funding. Without a deal, workers are facing big layoffs throughout the industry.

MoMA Workers Must Decide Whether To Return To Work Amid Pandemic

7:06am September 24, 2020

by Sally Herships

Workers at the Museum of Modern Art in New York are being pressured to return to work, in person. They're afraid of catching the coronavirus but equally scared of losing their jobs.

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Jesus Gonzalez of Lexington, Ky., has been struggling to make ends meet after the $600 per week in extra federal unemployment benefits ran out.

'Desperation And Fear' For Millions With Congress Deadlocked Over Pandemic Assistance

5:00am September 24, 2020

by Chris Arnold

Federal unemployment money has been cut off for nearly two months. Congress hasn't worked out a deal to send more help, and the fight over a Supreme Court nominee could make that harder.

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Demonstrators march in Chicago's Old Town neighborhood in June to demand a lifting of the Illinois rent control ban and a cancellation of rent and mortgage payments. The pandemic's financial pressures are causing many Americans to struggle with rent payme

'No One Can Live Off $240 A Week': Many Americans Struggle To Pay Rent, Bills

8:02pm September 23, 2020

One in six households reported missing or delaying paying bills just so they could buy food, an NPR poll says. And many are having trouble paying the rent, especially African Americans and Latinos.

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Citigroup estimates the U.S. economy lost $16 trillion over the past 20 years as a result of discrimination against African Americans. Above, the American flag hangs in front of the New York Stock Exchange on Sept. 21.

Economy

Cost Of Racism: U.S. Economy Lost $16 Trillion Because Of Discrimination, Bank Says

6:45pm September 23, 2020

by Adedayo Akala

Citigroup estimates the economy would see a $5 trillion boost over the next five years if the U.S. were to tackle key areas of discrimination against African Americans.

Economy

NPR Poll: Black, Latino Households Struggle To Pay Rent, Mortgages

7:31am September 23, 2020

by Chris Arnold

The latest poll looking at the racial wealth gap during the pandemic shows that Black and Latino households are two times more likely than white households to have fallen behind on housing payments.

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News Brief: High Court Vacancy, Pandemic's Effects, U.S. Climate Stance

6:34am September 23, 2020

President Trump plans to announce his Supreme Court pick on Saturday. The pandemic continues to hurt minority households. And, the U.S. officially exits the Paris climate accords on Nov. 4.

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A sign saying, "This desk is not available for use" sits on a desk at the Aon Center in Chicago on June 24.

Office Chair Makers Swivel To Home Market

2:22pm September 22, 2020

by Greg Rosalsky

Big furniture companies have relied on a century-old model for selling desks and chairs. It doesn't work in the age of the home office.

More than 65% of the nation's small, rural hospitals took out loans from Medicare when the pandemic hit. Many now face repayment at a time when they are under great financial strain.

Rural Hospitals Teeter On Financial Cliff As COVID-19 Medicare Loans Come Due

10:02am September 22, 2020

by Sarah Jane Tribble

The federal loans were meant to help hospitals survive the COVID-19 pandemic. Yet they're coming due now — at a time when many rural hospitals are still desperate for help.