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Roadworks continue, now with a facemask, as some essential jobs have kept segments of the population employed as the stay-at-home orders continue in Los Angeles, California on May 4, 2020, as Governor Gavin Newsom earlier announced the gradual reopening of California later this week. FREDERIC J. BROWN/AFP/Getty Images
By Stephen Kleege
Los Angeles is suffering what may be the hardest Covid-related health and economic hit of any big city. But the city’s $2.6 billion in municipal bonds outstanding, while hardly thriving, appear in decent shape.
Unemployment in the Los Angeles region, at 9.6% in November, was the highest among the five biggest metropolitan areas and 3.2 percentage points worse than the national average. And that was before the surge of infections and deaths in Southern California accelerated into the new year, straining hospitals and morgues and dashing hopes for a rebound in the city’s revenue.
Starting January 21, consumers can avail a cashback of Rs 5,000 on orders above Rs 44,900 in India as well as a no-cost EMI offer up to six months on Apple products.Acco
India may not need sovereign rate cut but require credible debt management roadmap: Experts
Experts feel that “signals” would be clearer post the upcoming Budget 2021 January 15, 2021 / 12:38 PM IST
A sovereign rate cut may not be needed, given the high level of government debt. But, the country will require a “credible debt management roadmap”, experts told the Business Standard.
Experts have said the debt to gross domestic product (GDP) ratio is likely to be around 90 percent in FY21 and its liabilities may remain high during FY22 as well due to demand for fiscal expansion, as per the report.
They further projected that “signals” would be clearer post the upcoming Budget 2021.
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Los Angeles-based web hosting and WordPress services provider
DreamHost and small business lending service
Lendio said on Thursday that the two are partnered to provide Paycheck Protection Program (PPP) application guidance to Dreamhost customers. According to the companies, Lendio will work to assist DreamHost business customers to apply for funds made available in the latest US government Paycheck Protection Program (PPP) program. Financial details of the partnership were not announced. Lendio said it helped business owners with more than $8 billion in PPP loan approvals in 2019.