Pew Charitable Trusts does a lot of research on state funding, including analysis of their rainy day funds. Through the close of fiscal year 2019, which for most states occurred in June of last summer, collectively the states had their biggest rainy day fund balances since the late 1990s. Now those funds will come in
Dealerships are closed and customers are staying home. Yes, car dealers can still sell vehicles online, but it’s tough to persuade a prospective buyer with that new car smell over the internet. And it’s just not as impressive to see the latest gadgets on the small computer screen. Eric Lyman, chief industry analyst at car-shopping
Closed beaches, national parks, sports venues, restaurants, bars, and most non-essential businesses… we’re all familiar with devastating economic effects of the measures taken to stem the spread of coronavirus. With millions losing their jobs, a question comes up. Is it worth it? This might sound like an obvious trade-off between saving lives and saving the
Restaurant owners, hairdressers, and other small business owners across America have a message for Washinton. Two weeks. Maybe a month. That’s how long they think they can hang on to employees before they have to permanently fire them and shut down completely. They need the bailout money today, only because getting it yesterday isn’t possible.
It’s tough to be a restaurant owner in a state under lockdown, and apparently it’s also difficult to be a car dealer. But there’s one big difference. Car dealers hold hundreds of thousands, and even millions, of dollars in inventory, which makes any drop in sales painful. According to an analysis by research firm J.D.