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Economy

“The [Lockdowns] created a new billionaire every 30 hours as millions brace for extreme poverty”

“Oxfam International has a new report out today that highlights the rapidly widening gap between the few ultra-rich and the world’s poorest. The report, titled “Profiting from Pain,” found that during the first two years of the pandemic, a new billionaire was… Continue Reading…

Economy

“…Trump unveils plan to reopen states in phases”

“As Covid-19 continues to spread across the US, President Donald Trump has given governors guidance on reopening state economies in the coming months. The guidelines for “Opening up America Again” outline three phases for states to gradually ease their lockdowns.… Continue Reading…

Economy, Real Estate

“Fannie and Freddie could require bailout if lockdown lasts”

“Fannie Mae and Freddie Mac, the government-controlled companies that guarantee nearly half of US mortgages, could require their second bailout in just over a decade if the US economy remains in a lockdown for several months, their regulator has warned.… Continue Reading…