The December decrease in U.S. consumer confidence shows how important fiscal aid for households provided by Congress’s new $2.3 trillion spending bill is to consumers. Our Chart of the Day, from RSM analyst Peter Cadigan, explains why. … READ MORE >
stimulus
Bending the curve, reopening for business and avoiding the policy errors of the 1918-19 pandemic
Deaths attributed to the Covid-19 pandemic continue to mount, and data confirms that social distancing and a rigorous system of testing and tracing are necessary to slow the spread of the disease, and are working to mitigate the health crisis. Recent modeling work suggests that the slow adoption of social distancing practices as public policy and the concurrent slow adoption by individuals has increased the death toll in the United States, and will continue to do so until a vaccine or treatment regimen is developed. … 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 >