Erica Stewart’s husband is a coal miner in West Virginia. Every day he goes to work packed shoulder to shoulder with other miners with little precautions taken against the coronavirus. Stewart, a mother of six, is at increased risk of severe illness and death from the virus due to an […]
Economy
Widespread drug shortages are on the way, say experts
Erica Stewart, a stay-at-home mom, is one of the millions of Americans living with Lupus, an autoimmune disorder whereby the immune system attacks healthy cells. Her life and ability to take care of her six children depend on a drug called Plaquenil, the brand name of hydroxychloroquine, a drug that […]
As Coronavirus Spreads Globally, Some Manufacturers Thrive While Others Dive
SirCom, based in Temecula, California, needs parts out of Germany and China to manufacture its early warning systems. Some 70% of the products that were expected in the last week of February and the first week of March never arrived. The company has not received an expected delivery date. “We […]
US Manufacturing Takes Its Hardest Hit Since 2009
New orders and employment tumbled in March at the quickest speed since 2009, signaling a tough road ahead for U.S. manufacturers. March’s Institute for Supply Management’s report on business declined to 49.1%, an indication of contraction for the U.S. economy. The index, based on a survey of U.S. manufacturing companies, […]
The missing story in February’s inflation numbers
Consumer prices increased slightly in February due to higher rents and food costs, but prices in the U.S. are expected to slow or even decline in the coming months as the U.S. economy sees the effects of the coronavirus take hold. As the virus continues to spread it will continue […]
‘Phase 1’ of China trade deal causes fall in deficit
The U.S. international trade deficit fell by more than expected in January, due to the first phase of the trade deal signed by the President and China. The trade deficit dropped 4.6% to $65.5 billion in January compared with $68.7 billion in December, according to the advanced U.S. international trade […]
Inflation remains low capping off a year of steady but slow growth
Consumer prices in the U.S. rose slightly in January, but the increase was smaller than expected due to falling gas prices. Overall prices increased by just 0.1%, with the largest increases in housing, food and medical care service costs and capped a relatively tame year for inflation. Core prices, prices […]
What else is stopping Puerto Rico from recovering economically, besides the delay of hurricane relief funds?
After completing her master’s degree in advertising in 2018, Camila Del Pilar thought that getting a job in her field would be easy. It wasn’t. A year has passed, and Del Pilar is working as an administrative assistant in a non-profit organization, since she hasn’t been able to find any […]
Five Things To Watch in Puerto Rico’s Economic Activity Index
At the end of this month, the Economic Development Bank of Puerto Rico (EDB), will publish March’s Economic Activity Index (EAI) of the island. This release comes, after the last report shows a stagnant economy, due to the delay hurricane relief funds. Economist are not only going to be taking […]
Uncertainty in Puerto Rico’s economy, keeps affecting the Economic Activity Index
Puerto Rico’s economy remains stalled, as investors and business owners delay investments, due to the uncertainty of the disaster relief funds promised by President Trump. Over the last five months, the island’s Economic Activity Index (EAI) has barely budged. When comparing November’s 2018 number to February, the difference in the […]