Rich people have stopped going out, destroying millions of jobs. That’s one of the key insights of a blockbuster study that was dropped late last week by a gang of economists led by Harvard University’s Raj Chetty.
How Coronavirus Upended A Trillion-Dollar Corporate Borrowing Binge And Kicked Off A Wave Of Bankruptcies.
– The Wall Street Journal
Companies had loaded up on debt after years of low interest rates, buyouts. and increasingly lax lending standards.
Virginia To Create First Pandemic Workplace Safety Mandates In Nation, As Trump Labor Agency Sits On Sidelines
– The Washington Post
The governor’s office said the rules were prompted in large part by the lack of enforcement by the federal agency tasked with upholding workplace safety, the Occupational Safety and Health Administration.
– The New York Times
Employees and contractors are arguing that Amazon, one of the nation’s largest employers, needs to do much more to address racial inequality within its own walls. The calls for change – including diversifying its top ranks and addressing racism in its warehouses – have generated an unusual degree of turmoil inside the tech giant.