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짙어진 인플레 그림자… 긴축 방아쇠 당긴다
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뉴욕 연은 향후 1년 뒤 인플레이션 기대 3 4% -국민일보
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Wednesday, May 5, 2021
SHOCK NUMBERS: Many Small Businesses in the Services Sector Are Unlikely to Reopen
We are getting the first hard number indications of how damaging the lockdowns have been to small service businesses.
According to a New York Federal Reserve Bank study, 35 percent of businesses that were active prior to the pandemic are still closed and that most have been inactive for twenty weeks or longer. Researchers at the bank estimate that each additional week of being closed reduces the probability that a business reopens by 2 percentage points. Moreover, an additional week of business closure lowers the share of workers that are rehired at reopening. The bank estimates imply that only about 4 percent of the workers that are still laid off from the currently closed businesses will eventually be rehired by these businesses.
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Source: Leisa Thompson/The Ann Arbor News via AP, File
When President Biden rolled out his budget request for the 2022 fiscal year, conservatives weren t surprised that it included a laundry list of leftist malarkey. But beyond the tax and spend priorities lie a fundamental betrayal of the claimed commitment to equity espoused by the Biden Administration especially in his budget request for the U.S. Department of Education.
For anyone who s recently graduated or follows the troubling stories coming out of America s institutions of higher learning, it s clear that more money isn t the solution. The cost to attend college and the resulting student loan debt continue to skyrocket despite years of funding increases and federal help that can t save students with unmarketable degrees.
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Like other Black entrepreneurs in her Inglewood neighborhood, Annie Graham has struggled to keep her business afloat during the pandemic.
At Ms. Ann’s clothing boutique on Manchester Boulevard, the Easter finery Graham stocked last spring remains on the racks. Also untouched are many of the exclusively white outfits for weddings and parties that she sells at her storefront next door, the White House. Customers, she said, mostly buy dresses now for funerals.
Annie Graham, owner of Ms. Ann’s dress shop in Inglewood, had her application last year for a PPP loan rejected.
(James Bernal for Reveal / Los Angeles Times)
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