economy
The Service Economy Meltdown – The New York Times
March 16 was the last day David Engelsman walked into the Jackrabbit, an acclaimed restaurant at the boutique Duniway Hotel in downtown Portland, Ore. The lead server on morning duty, Mr. Engelsman was told before his shift started that his job was no longer needed. He left early, at 10:30
Steven Mnuchin Tried to Save the Economy. Not Even His Family Is Happy.
Before the coronavirus pandemic, Mr. Mnuchin had not accumulated much good will outside the Trump administration. He comes across as stiff and aloof. He rarely smiles or indulges in small talk, at least in public. (To break the ice, he occasionally impersonates Inspector Clouseau from the “Pink Panther” films.)
Democrats
Why Trump’s Approval Ratings on the Economy Remain Durable
It is an enduring political question amid a pandemic recession, double-digit unemployment and a recovery that appears to be slowing: Why does President Trump continue to get higher marks on economic issues in polls than his predecessors Barack Obama, George W. Bush and George H.W. Bush enjoyed when they stood
Airbnb, a ‘Sharing Economy’ Pioneer, Files to Go Public
SAN FRANCISCO — Airbnb said on Wednesday that it had confidentially filed to go public, taking a key step toward one of the largest public market debuts in a generation of “sharing economy” start-ups.
A public offering by the company, which lets people rent out their spare rooms or homes
Japan’s Economy Contracts 7.8 Percent, Worst Decline on Record
TOKYO — Japan’s economy shrank by 7.8 percent in the second quarter of the year, posting its worst performance on record as the coronavirus pandemic ground economic activity to a near halt in April and May.
The nosedive in output in the three-month period — an annualized drop of 27.8