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Risk of reopening US economy too fast: A W-shaped recovery

When the coronavirus erupted in the United States, it triggered quarantines, travel curbs and business shutdowns. Many economists predicted a V-shaped journey for the economy: A sharp drop, then a quick bounce-back as the virus faded and the economy regained health. Others envisioned a slower, U-shaped course. Now, as President Donald Trump and many Republicans press to reopen the economy, ...

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Chinese investment in US drops to lowest level since 2009

China’s direct investment in the United States fell last year to its lowest level since the Great Recession, even before the coronavirus pandemic shut down much of global commerce. The decline in Beijing’s investment in the United States reflected tensions between the world’s two biggest economies and Chinese government restrictions on overseas investment. A report out Monday from the National ...

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Restart or re-stop? Countries reopen amid second-wave fears

PARIS — Plastic spacing barriers and millions of masks appeared on the streets of Europe’s newly reopened cities Monday, as France and Belgium emerged from lockdowns, the Netherlands sent children back to school and Spain let people eat outdoors. All faced the delicate balance of trying to restart battered economies without causing a second wave of coronavirus infections. Fears of ...

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Swift, deep declines ahead for Mississippi economy but rebound seen for 2021

SPRING OUTLOOK IS FOR 30.4% DROP IN STATE GDP THIS QUARTER By TED CARTER The spring 2020 outlook for Mississippi’s economy is for a dire near-term future as the coronavirus pandemic continues its ghastly spread. By the time Mississippi rings in the New Year, around 73,000 of its residents will have lost jobs, for a 6.3 percent increase in overall ...

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US economy shrank 4.8% last quarter, with worst yet to come

WASHINGTON — The U.S. economy shrank at a 4.8% annual rate last quarter as the coronavirus pandemic shut down much of the country and began triggering a recession that will end the longest expansion on record. Yet the drop in the January-March quarter will be only a precursor of a far grimmer report to come on the current April-June period, ...

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Federal Reserve likely to pledge support for ailing economy

WASHINGTON — With the U.S. economy gripped by its worst crisis since the 1930s, Federal Reserve policymakers are expected to offer sweeping assurances Wednesday that they will act as needed to help prevent the damage from growing even worse. Yet the Fed is unlikely to unveil any new emergency programs. Fed officials have already taken a range of extraordinary actions ...

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Fears of virus seem far away as stores reopen in rural US

ROUNDUP, Mont. — Traffic got a little busier along Main Street, but otherwise, it was hard to tell that coronavirus restrictions were ending in the tiny Montana town of Roundup. That’s because it’s largely business as usual in the town of 1,800 people. Nonessential stores could reopen as a statewide shutdown ended this week, but most shops in Roundup — ...

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The US reopening is coming, but ‘normal’ is still a ways off

Everyone wants to know: When, oh when, will it go back to normal? As some governors across the United States begin to ease restrictions imposed to stop the spread of the coronavirus, hopes are soaring that life as Americans knew it might be returning. But plans emerging in many states indicate that “normal” is still a long way off. White ...

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PHIL HARDWICK — Mortgage process illustrates solving pandemic economy not simple

It will be a sad and desperate time in a few months when millions of laid-off homeowners receive foreclosure notices. Add to that, the thousands of renters and commercial leaseholders who will face eviction. Is this a problem that can be solved now? And who will solve it? One idea is to simply call a timeout. Consider how a timeout ...

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Waveland manufacturer pivots from storefronts to face shields

By LISA MONTI Infinity-AP, the custom storefront fabrication company in Waveland that manufactures custom storefronts for major retailers such as Abercrombie & Fitch, Victoria’s Secret and the PINK chain of stores, is now manufacturing face shields for medical workers. The production of the face shield – both the bracket that attaches to the head and the shield itself – began ...

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