How to help the poor amid COVID-19? Give them money, says Nobel laureate Esther Duflo

Apr 9, 2020
If a segment of the population stops buying things, it could lead to a much larger economic crisis, Duflo warned.
Nobel laureate Esther Duflo points to direct cash transfers in coronavirus response.
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To house the homeless, agencies turn to vacant hotels

Apr 8, 2020
Homeless people are much more likely to contract COVID-19 — and to die from it — than the general population.
Congress has set aside $4 billion for homeless assistance during COVID-19. Above, a doctor with the Haight Ashbury Free Clinic speaks with homeless people about the coronavirus in San Francisco, California on March 17.
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For steel business, pandemic poses new kind of uncertainty

The coronavirus makes planning and logistics even more difficult for industry coming off trade war with China.
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Automakers announce furloughs due to COVID-19 shutdowns

Apr 8, 2020
The auto industry is juggling the need to cut costs while preserving its workforce to ramp up once factories reopen.
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COVID-19 forces auto industry to adapt

Apr 8, 2020
Dealerships are ramping up online sales and offering deferred payment plans.
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Americans can now tap 401(k)s without penalty. Here's how it works.

People affected by the crisis can access of up to $100,000 of their retirement savings without the usual 10% penalty.
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COVID-19 prompts questions about which jobs are classed "hazardous"

Apr 7, 2020
It's mostly up to companies to decide who gets hazard pay, and for how long.
Amazon employees hold a protest over conditions at the company's Staten Island distribution facility on March 30 during the COVID-19 pandemic.
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Unemployment benefits have expanded, but state systems aren't ready

Apr 7, 2020
Gig workers and self-employed now qualify, but accessing payments is still a challenge.
Unemployment benefits have been extended to self-employed people — like a barbershop owner in California — but the application is still confusing. Above, a closed barbershop in Boston.
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For small businesses, promise of federal emergency loans turns into "waiting game"

Apr 7, 2020
Banks are starting to process applications for loans from the federal government’s Paycheck Protection Program, but businesses aren’t sure when they’ll see the checks.
The small business loan part of the stimulus package is still causing uncertainty.
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Pandemic could mean opportunity for real estate investors

Apr 7, 2020
“Now's the time to innovate and go hunting," says an investment firm co-founder.
Could the post-pandemic housing market look similar to the post-Great Recession market?
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