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Pandemic hits San Diego tourism with $6 billion loss in visitor spending


Pandemic hits San Diego tourism with $6 billion loss in visitor spending
and last updated 2021-03-13 21:02:01-05
SAN DIEGO (KGTV) – With 70 miles of coastline and perfect weather year-round it’s no surprise tourism is a key sector of San Diego’s economy. But thanks to coronavirus, the city reports visitor spending dropped by more than $6 billion from 2019 to 2020.
Hotel reservations were canceled, planes were grounded, and cruise ships were tethered to dry land. Massive layoffs in aviation caused tends of thousands to lose their jobs. United Airlines flight attendant Dante Harris was no exception.
“What was going through my mind as a 21-year flight attendant was, ‘how was this possible?’” said Harris. ....

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Decoupling with China to significantly hurt U.S. businesses, innovation: report


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2021-02-18 15:03:35Xinhua
Editor : Zhang Mingxin
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American businesses would be significantly impacted with hundreds of billions losses in foregone GDP and capital gains and U.S. productivity and innovation undermined if the United States and China were to fully decouple, a new report showed Wednesday.
The United States would forgo 190 billion dollars in gross domestic product (GDP) annually by 2025, if 25-percent tariffs were expanded to cover all two-way trade, according to the analysis by U.S. Chamber of Commerce s China Center in partnership with Rhodium Group.
If decoupling leads to the sale of half of the U.S. foreign direct investment (FDI) stock in China, U.S. investors will lose 25 billion dollars per year in capital gains, and models point to one-time GDP losses of up to 500 billion dollars, showed the report titled Understanding U.S.-China Decoupling: Macro Trends and Industry Impacts. ....

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