Now the inn is at a crossroads, thanks to the coronavirus crisis. While some parts of the U.S. economy are recovering faster than expected, the travel and tourism industries are falling further behind. Some hotels, restaurants and destinations that depend on tourism won’t survive, economists warn. And the future could […]
Recession
Lea la historia en español aquí. Cynthia Lopez’s unemployment checks are not enough to support her children amid the COVID-19 health crisis. Lopez, who lost work at a San Diego hotel earlier this year, told state lawmakers that her economic situation has forced her to choose between paying rent to […]
But can that trajectory continue into 2021 given the ongoing recession and steep unemployment? In March, as countries around the world were heading into lockdown, “Animal Crossing: New Horizons” was released and became a record hit for Nintendo, selling 26 million copies at $60 apiece. People loved “Animal Crossing” for […]
Jim Mimna, a concert photographer in the Denver area, was on the phone with a friend recently when the conversation turned to his finances. Mr. Mimna’s business was in free fall and he worried he would get evicted because he couldn’t pay the rent. Shortly afterward, his friend, Joe Michaels, […]