Coronavirus warnings could wreak havoc on Florida’s thriving cruise-line economy

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Florida is a nerve center for the cruise industry, generating a third of the total dollars in that sector in the U.S. As cases of the new coronavirus continue to tick up, countless industries are feeling the effects, and the cruise ship business is among the hardest hit. The growing outbreak of COVID-19 is particularly affecting the tourism economy in Florida , where the preponderance of pleasure boat companies is headquartered. Read Full Story

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4 ways to reboot the economy that fix the climate at the same time

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“This provides an almost historic opportunity to emphasize low-carbon industry and infrastructure.” With the COVID-19 pandemic driving the economy toward another recession , policymakers are looking for ways to revitalize the workforce and our financial system. But as they think about how to rebuild the economy, and what our future looks like post-coronavirus crisis, it’s crucial to take steps that simultaneously prioritize our climate goals. Read Full Story

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4 ways to boost your chances of landing a new job during the pandemic

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A CEO of a résumé writing service shares his secrets for surviving the economic upheaval wrought by COVID-19. The coronavirus crisis has the world economy in upheaval. If you’re not already hurting, you surely know someone who is. Layoffs, shutdowns, cutbacks and salary cuts are happening across industries, both blue collar and white. The nation is in a state of emergency and we’re all but certain heading toward, if not already in, a recession. Read Full Story

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The COVID-19 economy is devastating for creative workers. Here’s how to navigate it

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Some options for artists and designers in need. To say that the coronavirus crisis will devastate the creative community is an understatement. Design and other creative industries rely heavily on freelancers and independent studios, both of which are seeing their work dry up and earnings plummet. According to a recent study conducted by the Freelancer’s Union, 85% of freelance visual artists and photographers report contract cancellations due to the coronavirus pandemic, and 91% of freelancers expect to lose income in the coming weeks. Read Full Story

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For startups facing extinction, surviving coronavirus is a race against time

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With the global economy on lockdown, the fates of thousands of startups may now depend on something they can’t control: their last injection of cash. There’s no good way to estimate how many startups won’t survive coronavirus, because nobody knows how long the crisis will last. Some companies have been fortunate enough to be in industries that are flourishing during the lockdown, like food delivery, remote work, or telehealth. For the rest, their fate may rest on a factor outside their control: timing. Read Full Story

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With Broadway shuttered for 2020, can Playbill survive the pandemic?

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For more than 130 years, the storied theatrical magazine had access to the ultimate captive audience. Then came the shutdowns. When the novel coronavirus made its unwelcome Broadway debut in early March, the reaction was swift and the effect unmerciful. Fewer than two days after the first usher was known to have tested positive for COVID-19, theaters announced an unprecedented industry-wide shutdown that continues to this day, wiping out a sector of New York’s economy that generated almost $2 billion in ticket sales last season. Read Full Story

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Big Oil is cheap: Should the government take it over?

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The bottom is falling out the fossil fuel industry. The best way to ensure a transition away from oil that helps the people currently employed in the sector might be having the government—not the market—manage it. When the price of oil cratered because of the coronavirus crisis and a price war between Russia and Saudi Arabia, the Trump administration proposed spending $3 billion to fill up the U.S.’s strategic oil reserve and save the oil industry—a line item that didn’t make it in the Senate’s final stimulus bill, but that the administration plans to continue to pursue. Some environmentalists have a different suggestion: With the price of oil so low, the value of fossil fuel companies has also cratered, so the government could just take ownership of the reeling fossil fuel industry, dismantle it in a way that’s fair to workers and states, and help speed the necessary transition to …

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Coronavirus brings moratoriums on evictions, utility and water shutoffs, bank fees, and data caps

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Here’s a list of the states, cities, utilities, and companies giving people a vital break on bills during the unprecedented coronavirus quarantine. With major cities in states of emergency and thousands of Americans working from home during the coronavirus outbreak, the U.S. economy is taking a hit . Small businesses are struggling, those in the service industry are losing potential income as people practice social distancing, and some workers are just forced to go without a paycheck, whether because they can’t work remotely and have to take sick leave or because their employers are losing money themselves and have had to halt or scale back their business. Read Full Story

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