For the World Economy, a Grim Slog Tempered by New Hopes

The emergence of vaccines has taken the edge off the worst fears, but a meaningful economic recovery probably remains distant.

#china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #europe, #great-britain, #international-monetary-fund, #international-trade-and-world-market, #italy, #layoffs-and-job-reductions, #moderna-inc, #pfizer-inc, #recession-and-depression, #shutdowns-institutional, #third-world-and-developing-countries, #united-states-economy, #united-states-politics-and-government, #world-bank

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India’s Economy Shrinks Sharply as Covid-19 Slams Small Businesses

The latest data firmly establishes India’s position among the worst-performing major economies, despite government spending meant to blunt the pandemic’s impact.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #india, #modi-narendra

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Coronavirus Strands Millions of Migrants

Millions of people have been displaced by the pandemic. Jessika and her 6-year-old, Sebastián, are among the many who have yet to find a home.

#colombia, #coronavirus-2019-ncov, #economic-conditions-and-trends, #immigration-and-emigration, #refugees-and-displaced-persons, #venezuela

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Chinese Statue to Goddess of Beauty Sparks Debate

As China fights to end extreme poverty while also recovering from the economic damage of the coronavirus, the supposed wisdom of building huge statues in poorer areas to grow tourism is coming under harsh scrutiny.

#china, #economic-conditions-and-trends, #local-government, #monuments-and-memorials-structures, #politics-and-government, #poverty

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In a Year of No Trade Fairs, Germany Takes It Hard

Some big companies say they can do without them. But trade fairs are essential for those that can’t afford an international sales force, and play an important role in the German economy.

#barcelona-spain, #book-trade-and-publishing, #conventions-fairs-and-trade-shows, #coronavirus-2019-ncov, #economic-conditions-and-trends, #frankfurt-book-fair, #funerals-and-memorials, #geneva-international-motor-show, #germany, #hotels-and-travel-lodgings, #ifo-institute, #mobile-world-congress-trade-show, #north-american-international-auto-show

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Janet Yellen Has Excelled at Big Jobs. This Will Be the Hardest One Yet.

The nominee for Treasury secretary will face the tricky politics of generating a strong recovery out of the pandemic.

#economic-conditions-and-trends, #federal-reserve-system, #treasury-department, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

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After Trump, Biden Faces Pressure to Stand Up to China by Embracing Taiwan

In his final days in office, President Trump is trying to undermine Beijing by showing support for Taiwan. President-elect Biden will likely follow a similar path — without the pugnacity.

#defense-and-military-forces, #economic-conditions-and-trends, #international-trade-and-world-market, #politics-and-government, #presidential-transition-us, #taiwan, #trump-donald-j, #tsai-ing-wen, #united-states-international-relations, #united-states-politics-and-government

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China Says It Remains Open to the World, but Wants to Dictate Terms

China’s leader, Xi Jinping, is pursuing a strategy to make the country’s economy more self-sufficient, while making other places more dependent on it than ever.

#asia-pacific-economic-cooperation, #china, #communist-party-of-china, #economic-conditions-and-trends, #international-relations, #international-trade-and-world-market, #politics-and-government, #united-states-international-relations, #xi-jinping

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Economic Policy Has Become a Partisan Game. That Could Do Long-Term Harm.

Mnuchin’s move and Shelton’s near-confirmation suggest a future of greater risks each time party control changes.

#appointments-and-executive-changes, #coronavirus-aid-relief-and-economic-security-act-2020, #economic-conditions-and-trends, #federal-reserve-system, #mnuchin-steven-t, #shelton-judy, #stimulus-economic, #united-states-economy

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Air Travel Was Gaining Momentum. Now What?

U.S. airlines expect Thanksgiving to be their busiest period since the pandemic began. But with new virus fears, a return to normal is nowhere in sight.

#airlines-and-airplanes, #coronavirus-2019-ncov, #economic-conditions-and-trends, #europe, #thanksgiving-day, #travel-and-vacations, #united-states, #winter-season

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The Daily: How Is the U.S. Economy Doing?

As several areas in the U.S. start to reimpose coronavirus restrictions, we look at some landmark figures that illuminate the depth of the recession and the prospects for recovery.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #labor-and-jobs, #unemployment, #united-states-economy

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Biden Wants to Rejoin Iran Nuclear Deal, but It Won’t Be Easy

President Trump is applying more sanctions on Iran that would be hard to reverse. Tehran, facing elections in June, has its own demands.

#biden-joseph-r-jr, #economic-conditions-and-trends, #embargoes-and-sanctions, #iran, #khamenei-ali, #nuclear-weapons, #politics-and-government, #presidential-transition-us, #rouhani-hassan, #trump-donald-j, #united-states-international-relations

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Biden’s China Policy? A Balancing Act for a Toxic Relationship

As president, Joe Biden will face deep dilemmas, and a lot of unfinished business, stemming from President Trump’s multiyear onslaught against China.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #embargoes-and-sanctions, #factories-and-manufacturing, #intellectual-property, #presidential-election-of-2020, #quantum-computing, #united-states-economy, #united-states-international-relations

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Japan’s Economy Surges as Covid-19 Limits Ease

Activity has jumped as pandemic limits have eased, in a positive sign for global growth, but damage may be deeper than the initial numbers showed.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #international-trade-and-world-market, #japan, #politics-and-government

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China Signs Asia Trade Deal. Will Biden Follow?

The deal sealed on Sunday stands as a potent symbol of Beijing’s growing economic sway in Southeast Asia at a time of uncertainty over Washington’s economic ties with the region.

#assn-of-southeast-asian-nations, #china, #customs-tariff, #economic-conditions-and-trends, #far-east-south-and-southeast-asia-and-pacific-areas, #india, #international-relations, #international-trade-and-world-market, #politics-and-government, #regional-comprehensive-economic-partnership, #trans-pacific-partnership, #united-states-international-relations

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Trump Bars Investment in Chinese Firms With Military Ties

The ban, which affects companies including Huawei, China Mobile and China Telecom, is the administration’s first major move toward decoupling American financial markets from China.

#aviation-industry-corporation-of-china-avic, #china, #china-mobile-ltd, #china-telecom, #china-telecommunications, #coronavirus-2019-ncov, #defense-and-military-forces, #economic-conditions-and-trends, #executive-orders-and-memorandums, #huawei-technologies-co-ltd, #inspur-group, #international-trade-and-world-market, #pensions-and-retirement-plans, #sinochem, #trump-donald-j, #united-states-defense-and-military-forces, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

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Sisi Promised Egypt Better Health Care. Virus Exposed His True Priority.

President Abdel Fattah el-Sisi vowed to put improved health care “at the heart” of his agenda. It hasn’t worked out like that in a country where the military’s needs always come first.

#cairo-egypt, #coronavirus-2019-ncov, #defense-and-military-forces, #dunne-michele, #economic-conditions-and-trends, #egypt, #hospitals, #medicine-and-health, #politics-and-government, #sisi-abdel-fattah-el

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On Alibaba’s Singles’ Day, China’s Couriers Demand More

The country’s booming e-commerce sector relies on millions of delivery workers, some of whom are protesting low wages and grueling working conditions.

#alibaba-group-holding-ltd, #china, #delivery-services, #e-commerce, #economic-conditions-and-trends, #singles-day, #strikes, #wages-and-salaries

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Is Xi Jinping Too Strong for China’s Good?

Unlike any Chinese leader since 1949, he has no identifiable rivals and no likely successors.

#china, #communist-party-of-china, #coronavirus-2019-ncov, #deng-xiaoping, #economic-conditions-and-trends, #guo-shuqing, #hu-jintao, #jiang-zemin, #liu-he-1952, #politics-and-government, #propaganda, #ren-zhiqiang, #term-limits-political-office, #trump-donald-j, #wuhan-china, #xi-jinping, #yi-gang

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A ‘Terrifying’ Covid Surge Will Land in Biden’s Lap

Total coronavirus cases in the U.S. surpassed 10 million on Sunday. Experts say the virus is spreading out of control and could grow worse before President-elect Biden takes office.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #deaths-fatalities, #economic-conditions-and-trends, #masks, #presidential-election-of-2020, #shutdowns-institutional, #social-conditions-and-trends, #united-states-politics-and-government, #white-house-coronavirus-outbreak-2020

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Why the Biden Economy Could Be the Same Long Slog as the Obama Economy

With continuing Republican control of the Senate likely, the sort of large-scale stimulus some economists have urged may be off the table.

#biden-joseph-r-jr, #economic-conditions-and-trends, #federal-reserve-system, #powell-jerome-h, #recession-and-depression, #stimulus-economic, #united-states-economy

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Ant I.P.O. Could Signal Hong Kong’s Future Under China

Boosters of growing ties with the mainland see greater business potential. But as the delayed Ant Group I.P.O. shows, peril comes with that promise.

#beijing-china, #china, #economic-conditions-and-trends, #guangdong-province-china, #hong-kong, #politics-and-government

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As Britain Locks Down, Officials Work to Keep the Economy Afloat

On Day 1 of new restrictions, the Bank of England and British Treasury announced expanded efforts to support the nation’s finances.

#bank-of-england, #banking-and-financial-institutions, #coronavirus-2019-ncov, #economic-conditions-and-trends, #england, #european-commission, #government-bonds, #gross-domestic-product, #layoffs-and-job-reductions, #politics-and-government, #stimulus-economic, #sunak-rishi-1980

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In France, Shopowners Revolt Against New Closing Order

Small businesses are fighting what they say is unfair competition from Amazon and big retailers as a nationwide lockdown takes effect.

#amazon-com-inc, #carrefour-sa, #coronavirus-2019-ncov, #e-commerce, #economic-conditions-and-trends, #france, #quarantine-life-and-culture, #shopping-and-retail

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If Restaurants Go, What Happens to Cities?

Restaurants have been crucial in drawing the young and highly educated to live and work in central cities. The pandemic could erode that foundation.

#bars-and-nightclubs, #coronavirus-2019-ncov, #economic-conditions-and-trends, #population, #quarantine-life-and-culture, #restaurants, #shutdowns-institutional, #urban-areas

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America Picks Its President as it Faces Joblessness, Coronavirus and Anxiety

Voters describe a fundamental unease about America’s future.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #democratic-party, #disease-rates, #economic-conditions-and-trends, #nebraska, #omaha-neb, #presidential-election-of-2020, #republican-party, #trump-donald-j, #unemployment, #united-states-economy, #united-states-politics-and-government

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Europe Risks a New Economic Downturn as Lockdowns Return

Record quarterly growth inspires little joy as the threat of a double-dip recession looms.

#coronavirus-2019-ncov, #daimler-ag, #economic-conditions-and-trends, #european-central-bank, #european-union, #eurozone, #gross-domestic-product, #ing-groep-nv, #international-monetary-fund, #korngold-erich-wolfgang, #lagarde-christine, #minder-raphael, #mkg-productions-inc, #quarantines, #recession-and-depression, #stimulus-economic, #theatre-royal-de-la-monnaie-brussels-belgium

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Turkish Bank Case Showed Erdogan’s Influence With Trump

New details of the Justice Department’s handling of the accusations against Halkbank reveal how Turkey’s leader pressured the president, prompting concern from top White House aides.

#attorneys-general, #banking-and-financial-institutions, #barr-william-p, #berman-geoffrey-s, #bolton-john-r, #economic-conditions-and-trends, #embargoes-and-sanctions, #erdogan-recep-tayyip, #federal-bureau-of-investigation, #fines-penalties, #gulen-fethullah, #halkbank, #international-relations, #iran, #justice-department, #lobbying-and-lobbyists, #new-york-state, #rosenstein-rod-j, #syria, #trump-donald-j, #turkey, #united-states-international-relations, #united-states-politics-and-government, #whitaker-matthew-g, #zarrab-reza-1983

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The Mystery of How Many Mothers Have Left Work Because of School Closings

How one researcher arrived at a figure of more than a million and a half.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #education-k-12, #labor-and-jobs, #parenting, #recession-and-depression, #shutdowns-institutional, #women-and-girls

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Grenell Pursued Talks Over Change of Power in Venezuela

A close ally of President Trump quietly met with an associate of President Nicolás Maduro, whom the United States does not recognize as the leader of Venezuela.

#economic-conditions-and-trends, #grenell-richard, #guaido-juan, #maduro-nicolas, #presidential-election-of-2020, #state-department, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government, #venezuela

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Richard Grenell Pursued Talks of Maduro, Power Change in Venezuela

A close ally of President Trump quietly met with an associate of President Nicolás Maduro, whom the United States does not recognize as the leader of Venezuela.

#economic-conditions-and-trends, #grenell-richard, #guaido-juan, #maduro-nicolas, #presidential-election-of-2020, #state-department, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government, #venezuela

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In City Where China Welcomed the World, Xi Prepares for a Colder One

China’s leader, Xi Jinping, speaking in the early trading center of Shenzhen, emphasized domestic innovation amid tensions with the United States.

#china, #communist-party-of-china, #coronavirus-2019-ncov, #deng-xiaoping, #economic-conditions-and-trends, #guangdong-province-china, #huawei-technologies-co-ltd, #lam-carrie-1957, #politics-and-government, #shenzhen-china, #xi-jinping

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Iceland Tourism Prepares for a Comeback

The country hopes that when people book their first post-pandemic flights overseas, Iceland will be the top choice. It also aims to learn from the recent past, when tourist numbers soared.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #iceland, #travel-and-vacations

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When the U.S. and China Fight, It Is the Environment That Suffers

The Trump administration’s moves to decouple the two economies means less leverage over Beijing’s green policies.

#air-pollution, #carbon-dioxide, #chengdu-china, #coal, #coronavirus-2019-ncov, #economic-conditions-and-trends, #environment, #gansu-province-china, #general-assembly-un, #global-warming, #green-climate-fund, #greenhouse-gas-emissions, #hazardous-and-toxic-substances, #hong-kong, #india, #international-trade-and-world-market, #japan, #liu-he-1952, #obama-barack, #outsourcing, #pacific-ocean, #paris-agreement, #pew-research-center, #pollution, #steel-and-iron, #united-states, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

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Calamities Challenge California’s Economic Foundation

The pandemic and wildfires have underscored issues of housing and growth. Will the disruptions and dislocations force the state to chart a new course?

#california, #coronavirus-2019-ncov, #economic-conditions-and-trends, #global-warming, #population, #real-estate-and-housing-residential, #relocation-of-business, #wildfires

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Bright Lights of Dubai Beckon Israel’s Arabs but Pose a Quandary

Diplomatic ties with the U.A.E. and Bahrain could create new opportunities. But many say they are loath to undercut the Palestinian cause.

#arabs, #bahrain, #economic-conditions-and-trends, #israel, #middle-east, #palestinians, #united-arab-emirates

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Stock Markets Fall After Trump’s Positive Virus Test

The president’s disclosure meant extra worry. One expert said: “It’s just par for the course this year.”

#coronavirus-2019-ncov, #economic-conditions-and-trends, #presidential-election-of-2020, #stocks-and-bonds, #trump-coronavirus-positive-result, #trump-donald-j

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Captain Chain Saw’s Delusion

The Amazon was never a “land without men.”

#agriculture-and-farming, #amazon-jungle, #amazon-river-basin, #brazil, #economic-conditions-and-trends, #land-use-policies, #politics-and-government

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Indonesia’s Covid Stimulus Plan Is Criticized by Environmentalists and Unions

Critics say the sweeping measure near passage in Parliament would lead to greater deforestation and the loss of worker protections.

#coronavirus-2019-ncov, #coronavirus-reopenings, #economic-conditions-and-trends, #indonesia, #joko-widodo, #labor-and-jobs, #law-and-legislation, #politics-and-government

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Lebanon and Israel, Officially Enemies, Agree to Talks on Sea Border

The negotiations will be their first on nonsecurity issues in three decades but officials do not expect them to lead to peace talks.

#berri-nabih, #economic-conditions-and-trends, #international-relations, #israel, #lebanon, #mediterranean-sea, #natural-gas, #offshore-drilling-and-exploration, #politics-and-government, #united-nations, #united-states-international-relations

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Crowds at the Beijing Auto Show Signal China’s Spenders are Back

Big crowds at places like the Beijing auto show are a sign of good news for a world mired in recession. But China needs its less affluent to spend more before its growth engine can return to full speed.

#china, #consumer-behavior, #coronavirus-2019-ncov, #economic-conditions-and-trends, #layoffs-and-job-reductions

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Japan Is Paying Firms to Make Things at Home. But China’s Pull Is Still Strong.

Japan is attempting a delicate balancing act as the pandemic has underlined the risks of the world’s economic reliance on Beijing.

#china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #factories-and-manufacturing, #international-relations, #international-trade-and-world-market, #iris-ohyama-inc, #japan, #masks, #politics-and-government, #united-states-international-relations

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China Is on a Building Binge, and the Global Economy Could Benefit

Iron ore, nickel, copper and other metal prices are rising as China restarts construction, and the global economy could benefit.

#china, #commodities, #coronavirus-2019-ncov, #economic-conditions-and-trends, #gross-domestic-product, #international-trade-and-world-market, #united-states-economy

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Britain Introduces a Scaled-Back Wage Support Plan

As the country faces a second wave of coronavirus infections, the government doesn’t want to support jobs propped up solely by fiscal stimulus.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #great-britain, #johnson-boris, #labor-and-jobs, #layoffs-and-job-reductions, #sunak-rishi-1980, #wages-and-salaries

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Gavin Newsom’s Trial by Wildfire

Twenty months into his term, California’s governor faces a pandemic and an environmental crisis. He speaks to Kara Swisher about his plan to save the “state of resistance.”

#california, #covid-19, #economic-conditions-and-trends, #environment, #fracking, #newsom-gavin, #pandemic, #wildfires

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As China Ages, a Push to Add Elevators Offers a New Kind of Economic Relief

China’s premier wants to retrofit three million older apartment buildings all over the country, but he still needs political buy-in at the top.

#china, #economic-conditions-and-trends, #elderly, #elevators-and-escalators, #guangzhou-china, #li-keqiang, #local-government, #politics-and-government

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Tourism Slump in Dublin Lays Bare Airbnb’s Damage to Rental Markets

After the pandemic hit, the number of longer-term listings jumped in the Irish capital. That brought some relief to a crunched market for renters, though it may not last.

#affordable-housing, #airbnb, #coronavirus-2019-ncov, #dublin-ireland, #economic-conditions-and-trends, #real-estate-and-housing-residential, #renting-and-leasing-real-estate, #shortages

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Chinese Communist Party Seeks Sway Over Private Business

Party leaders have pledged to increase their influence over entrepreneurs even as they promise greater aid, reflecting Xi Jinping’s greatest — and sometimes conflicting — challenges.

#china, #communist-party-of-china, #economic-conditions-and-trends, #entrepreneurship, #politics-and-government

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Inside the Clash Between Powerful Business Leaders and N.Y.C.’s Mayor

The tensions burst into the open when 163 executives joined to criticize Bill de Blasio’s leadership. Others think their portrait of the city is overly bleak.

#coronavirus-2019-ncov, #coronavirus-reopenings, #coronavirus-risks-and-safety-concerns, #de-blasio-bill, #economic-conditions-and-trends, #high-net-worth-individuals, #new-york-city, #partnership-for-new-york-city, #politics-and-government, #wylde-kathryn-s

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Coronavirus in NY: 150 Big Businesses Warn De Blasio of ‘Widespread Anxiety’ Over City’s Future

Leaders of companies like Goldman Sachs and JetBlue implored Mayor Bill de Blasio to take more decisive action to halt the city’s decline.

#coronavirus-2019-ncov, #coronavirus-reopenings, #de-blasio-bill, #economic-conditions-and-trends, #new-york-city, #partnership-for-new-york-city

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