Goldman Sachs prediction: Unemployment claims will surge to an eye-popping 2.25 million

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A spike in jobless claims as a result of the COVID-19 pandemic could be historic, according to a prediction by Goldman Sachs. While the Trump administration is asking states to not disclose exact unemployment claim numbers as coronavirus-related jobless claims mount, Goldman Sachs feels no such compunction to stay quiet: The firm predicts that new claims will spike to a whopping 2.25 million, the largest one-week jump in history. Read Full Story

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Unemployment claims just saw their first increase since the coronavirus lockdowns in March

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The report comes amid news of coronavirus surges across the country, which have caused a number of states to roll back plans for reopening. The Labor Department on Thursday reported that around 1.4 million Americans filed new unemployment claims last week—up from 1.3 million the prior week, marking the first increase in new unemployment claims since March. Read Full Story

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Eye-popping 3.3 million new unemployment claims: These states were hardest hit

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The coronavirus pandemic is wreaking havoc on the economy, and new jobless claims are soaring. Remember when, last week, the Trump administration asked states to stay hush-hush about how many people were applying for unemployment? Those numbers are now public: Nearly 3.3 million Americans filed new unemployment claims last week , meaning that more than 5 million Americans will soon be receiving unemployment benefits as the coronavirus pandemic continues to ravage the economy. In graphics, the chart looks like this: Read Full Story

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Hucksters are ready to try to make some cash on coronavirus cure scams

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Alex Jones’s toothpaste and “vital silver” do not cure coronavirus. Alex Jones, the far-right radio host known for his eccentric manner and wild conspiracies, made headlines this week for a drunk-driving arrest , but it wouldn’t be the only notable or most egregious thing he’s managed to do this week. He successfully one-upped himself by trying to sell a toothpaste that he claims is a cure for coronavirus. Read Full Story

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Oops: Treasury asks public companies to return coronavirus loans

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Publicly traded companies had claimed around $600 million worth of the $350 billion Paycheck Protection Program. Just last week, Treasury Secretary Steven Mnuchin proudly touted the federal government’s $350 billion Paycheck Protection Program as an “unprecedented” success. Over the course of just two weeks, he said, Treasury had coordinated with the Small Business Administration to provide loans to 1.6 million businesses across the U.S. Read Full Story

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Can UV light kill COVID-19? Experts advise caution

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Several lighting industry organizations are speaking out against products for sale online that promise to guard against COVID-19. Airports and stores are starting to turn to ultraviolet radiation to disinfect surfaces as a means of curbing COVID-19’s spread. But this week three organizations devoted to supporting and developing standards for the lighting industry published a letter warning consumers and businesses against buying UV products that claim to guard against COVID-19. Read Full Story

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Celebrated architect and critic Michael Sorkin dies from COVID-19 complications

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The novel coronavirus claims the life of a vocal, progressive leader in the architecture community. Architect, urban planner, author, and critic Michael Sorkin died this week from complications related to COVID-19. The news was first reported by architect Warren James and Archinect . Fast Company has since confirmed his death with Sorkin’s nonprofit Terreform. He was 71. Read Full Story

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