On March 27 the president signed the CARES Act into law, providing $2 trillion in aid for individuals and business throughout the United States. Great uncertainty exists within the middle market as companies scramble to determine what programs are available, whether they are eligible, and how they can take advantage … … READ MORE >
coronavirus
How health care systems, dependent on outsourcing, can adjust to India’s stay-at-home order
Over the past several years, many health care providers and payers have outsourced business functions to India. But there was a risk that many could not have predicted: That a pandemic would force employees to work from home. … READ MORE >
RSM Chief Economist Joe Brusuelas unpacks unemployment amid pandemic
Joe Brusuelas, chief economist of RSM US, sees unemployment increasing to 5.75% in the April report and eventually rising to as high as 10.5% in midsummer. … READ MORE >
Pricing in the end of the current British business cycle
The RSM U.K. Financial Conditions Index — which measures the degree of financial accommodation built into British financial asset prices – plummeted from normal conditions just four weeks ago to 3.9 standard deviations below normal levels of implied market risk. … READ MORE >
Between a rock and a hard place, retailers ask to stop paying rent to survive
In a move for self-preservation, retailers are demanding that their landlords withhold or slash rent in the coming months as stores have closed to slow the spread of the coronavirus. … READ MORE >
For states struggling with coronavirus, stimulus package is likely not enough
All states – with the exception of Utah – reported significant numbers of workers filing for unemployment benefits as state and local authorities and businesses took the lead in slowing the virus by shutting down the normal flow of interaction. … READ MORE >
New jobless claims surge, signaling hardship for working America
This week’s initial claims increased to 3.283 million from last week’s 282,000, suggesting a substantial drop in income and household spending in the coming weeks and months, and the increased likelihood of the economy falling into recession. … READ MORE >
How health systems can manage the financial impact of the coronavirus
The effects of the coronavirus on health systems will be far-reaching and long-lasting. Beyond the impact on front-line staff and the disruption of having many employees work remotely, health systems are also seeing a cloud loom when it comes to their finances. To seek relief from these headwinds, the chief … … READ MORE >
Why shutting down the economy makes the most sense
In our estimation, sending the public back to work at this time would be premature, put far more individuals at risk and run the risk of another series of economic shutdowns should there be a second or third wave this fall and next winter. … READ MORE >
Expect initial jobless claims to surge this week as coronavirus spreads
When the new figures for initial jobless claims are announced this week, they will jump above the cyclical high of 665,000 set during the recovery from the Great Recession and the all-time high of 695,000 set in October 1982. … READ MORE >