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the impact of mandated shutdowns ... In response to the Covid-19 pandemic, widespread lockdown restrictions were imposed, ostensibly to keep hospitals from being overwhelmed and medical resources from being consumed to exhaustion. Whether policymakers purposely or out of ignorance disregarded them, the tradeoffs of stay-at-home orders were immediate and severe: a massive spike in unemployment, rivaling the Great Depression ... Among Mideast states, New York’s GDP declined the most: 39.3%. .. long-lasting nature of lockdowns on New York City. Yet compared against all other U.S. states, Hawaii and Nevada’s GDP plummeted the most: both by 42.2%. ... artificial economic slowdown...

Due to the developing situation in China and Asia concerning the Coronavirus, we will be operating this article as a running live update service to keep businesses involved in ASEAN and Asia updated with the latest relevant regional news. For specific updates concerning China, please click here We have concerns about the levels of screening, monitoring and protection in several ASEAN and Asian nations and note the apparent commencement of cross-border infections from February 4. Government and border checks and restrictions have become more stringent and are sometimes being imposed arbitrarily. Travelers should check with their respective airlines and government...

The ACCF/NAM study on Virginia Economic Impact on the State from the Lieberman-Warner Proposed Legislation to Reduce Greenhouse Gas Emissions Costs and Topics covered: Impact on Jobs Under L/W, Impact on Disposable Household Income L/W’s Impact on Energy Prices Factors Contributing to Higher Electricity Impact on Economic Growth Impact on Low Income Families Factors Contributing to Higher Electricity Prices Impact on Economic Growth Impact on Industry Impact on Low Income Families Understanding the economic impacts of the Lieberman- Warner Climate Security Act1 (L/W bill) can help guide choices on climate change policy(2) In this study, the L/W bill was analyzed...

The U.S. has benefited from illegal immigrants, most economists say, though some low-skilled workers have been hurt. NEW YORK (CNNMoney.com) - In the heated debate over the impact of illegal immigration on the U.S. economy, Andrew Sum is one of those focusing on the negative. The economist - the director of labor market studies at Northeastern University in Boston - argues that the large supply of immigrants has displaced low-skilled U.S.-born workers, particularly the young and the poor, from jobs. "About 85.5 of every 100 new workers are new immigrants in this decade," he said. "At no time in the...

Fair Use Excerpts Below: **1. ROSS C. DEVOL, director of regional economics at the MILKEN INSTITUTE: Preliminary research indicates Katrina could cost the U.S. economy an initial loss of 400,000 jobs in September and reduce monthly average job creation by 30,000 jobs for the rest of 2005. It could also increase the price of oil by $10 a barrel and lead to a nearly one percent decline in GDP growth in the fourth quarter of this year. But next year, reconstruction efforts will turn things around -- adding back those 30,000 jobs per month, easing the price of oil, and...

The international global-warming war will heat up next Monday. On that day, the United Nations Framework Convention on Climate Change will hold its ninth Conference of the Parties in Milan, Italy. Although Russia has already opted out of the climate-change controls, western European governments appear determined to go ahead with strict local controls, regardless of what other countries do. The western European public overwhelmingly believes in global warming, and wants government to do something about it. Asked if "European governments should take the lead against global warming by bringing into force the climate treaty, even if the U.S. doesn't take...

Canadian Press Halifax — Canada's economy would be at a competitive disadvantage if the federal government approves the Kyoto climate-change deal and the American administration does not, says a research paper. "Given Canada's close trading relationship with the United States and Canada's high projected emissions growth, the U.S. decision not to ratify the Kyoto protocol has important economic implications for Canada," said the report, which appeared in an obscure Australian journal earlier this year. Meeting the Kyoto protocol targets for reducing greenhouse gas emissions "is projected to have a significant negative impact on export volumes, prices and output in key...