American higher education caught in perfect economic storm

The COVID-19 pandemic has hit America’s colleges and universities like a category 5 hurricane. After a very tough spring and summer, campuses are doing their best to open. 

Those that cannot have gone virtual, which has generated demands for refunds of housing, meal plan fees, tuition and other fees. These refunds in combination with COVID-19 related compliance and safety-related expenses and major investments in technology and training to go virtual have just added to the pain. The losses that schools incurred from the spring shutdowns were only partially offset from the federal Coronavirus Aid, Relief and Economic Security (CARES) Act and additional funding from the federal government is questionable.

The refunds and additional expenses are being compounded with the loss of revenue from international students and students taking a gap year.  Future revenue is likely to be impacted due to projected demographics showing domestic college-bound students down or flat

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Nigeria: 2021 Budget – Buhari Upbeat On Economic Recovery, Raises Health, Education Allocations

President Muhammadu Buhari yesterday presented the 2021 budget proposal to a joint session of the National Assembly, where he expressed hope that even though the country may be heading for another recession, there will be windows for rapid recovery.

Buhari, who addressed the joint session of federal lawmakers at about 11.23am, unveiled a budget of N13.08trillion for the 2021 fiscal year with a projected deficit of N5.20trillion. Critical sectors such as health, education and the National Assembly (NASS) got higher allocations than in previous budgets.

In the same manner, Works and Housing received higher capital votes.

The president who was accompanied by some members of the Federal Executive Council (FEC) to the event, said that while the country was heading for a second recession in four years, the government has put in place plans to ensure rapid recovery in 2021.

He said that the government was working round the clock

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Unemployment benefits fight highlights long-term economic pain

As state legislators contemplate the future of unemployment benefits, the health of Michigan’s economy hangs in the balance.

Michigan’s quick recovery, largely thanks to the automotive sector working double time after two months of lost production, has stalled out.

Jobs posts remain well below January levels and long-term unemployment is on the rise. More than 230,000 unemployed Michiganders entered the federal Pandemic Emergency Unemployment Compensation program between Aug. 29 and Sept. 19, according to U.S. Department of Labor data.

That system pays benefits for those unemployed longer than 26 weeks. In other words, hundreds of thousands of Michiganders have been laid off since March with no sign of returning to a job. The Michigan Department of Labor and Economic Opportunity has failed to tell Crain’s just how many people would be impacted if an agreement to extend benefits isn’t reached.

Gov. Gretchen Whitmer’s office claims as many as 800,000 in

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Bicycle Market | Environmental & Economic Benefits of Bicycles to Boost the Market Growth

The global bicycle market size is poised to grow by USD 10.5 billion during 2020-2024, progressing at a CAGR of almost 4% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here:

Technavio has announced its latest market research report titled Global Bicycle Market 2020-2024 (Graphic: Business Wire)

The health, environmental, and economic benefits of cycling will be a significant factor driving the growth of the bicycle market. Regular physical activity such as riding a bicycle can help in reducing the risk of various health issues, including cardiovascular diseases, obesity,

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Omaha chamber backs mask mandate, citing $3.2B in regional economic benefits | Politics & Government

In a letter to the City Council, Chamber President and CEO David Brown said the chamber supports the continued mandatory mask requirement “to protect the essential workers in our city, to protect our educators and to protect each other.”

The chamber supported a mask mandate previously in a letter to Douglas County Health Director Adi Pour. But Friday’s letter adds further civic clout to Omaha’s continued masking regulation.

During Tuesday’s public hearing before the City Council, mask opponents suggested Omaha’s mask mandate is hurting business in the city.

But Brown cited a significant economic benefit to masks, saying “the simple act of wearing a cloth face covering” could save the regional economy $3.2 billion, based on a national Goldman Sachs study on mandatory masks.

In addition to protecting students and educators, Brown said masks help businesses protect their employees and customers while keeping their doors open and operations intact.


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The Global Economic Recovery Is Slowing From a Bounce to a Grind

(Bloomberg) — The best is already over for a global economic recovery that started off at a sprint and is turning into a slog.

That’s the warning from Wall Street economists heading into the final months of a traumatic year. Some $20 trillion of stimulus from governments and central banks has pulled the world’s economies most of the way back to pre-pandemic levels. But for multiple reasons, the last stretch is set to be the hardest.

chart: Last Yard Hard

© Bloomberg
Last Yard Hard

Policy makers could dial back the fiscal support that’s been key to recovery — as they’ve already done in the U.S. Temporary job cuts may harden into permanent ones, a worry compounded this week when corporate giants Walt Disney Co. and Royal Dutch Shell Plc fired tens of thousands of workers. And the virus itself is spreading faster, and forcing governments to reimpose lockdowns, as cold weather arrives.



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Global Health Monitoring Smart Toilet Market Entry Strategies, Countermeasures of Economic Impact and Marketing Channels to 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 08, 2020 (The Expresswire) —
Global “Health Monitoring Smart Toilet Market” report 2020 firstly gives the overview of the Health Monitoring Smart Toilet with basic introduction, definitions, classifications, applications and types; product specifications; manufacturing processes; cost structures, raw materials and so on.

Then it analysed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast of the Health Monitoring Smart Toilet market. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

Request a sample copy of the report –

About Health Monitoring Smart Toilet Market:

This report focuses on Neopentane volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Neopentane market size by analysing historical

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how adopting new tech could drive Australia’s economic recovery

Over the next few years, science and technology will have a vital role in supporting Australia’s economy as it strives to recover from the coronavirus pandemic.

At Australia’s national science agency, CSIRO, we’ve identified opportunities that can help businesses drive economic recovery.

We examined how the pandemic has created or intensified opportunities for economic growth across six sectors benefiting from science and technology. These are food and agribusiness, energy, health, mineral resources, digital and manufacturing.

Advanced healthcare

While some aspects of Australian healthcare are currently digitised, system-wide digital health integration could improve the quality of care and save money.

Doctors caring for patients with chronic diseases or complex conditions could digitally coordinate care routines. This could streamline patient care by avoiding consultation double-ups and providing a more holistic view of patient health.

We also see potential for more efficient healthcare delivery through medical diagnostic tests that are more portable and

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Economic Impact Of The Common Cold

The economic impact of the common cold is estimated to be over $40 billion every year in the United States alone according to a study by Dr. Fendrick in the Archives of Internal Medicine.

Americans suffer over 500 million colds every year, around two for every man, woman, and child.

To battle these cold infections, Americans spent over $2.9 billion on over-the-counter remedies and over $400 million on prescriptions just for symptomatic relief in 2003.

They go to medical doctors more than 100 million times during the year, with an additional cost of around $7.7 billion. While at the medical doctor’s office, more than one third cold sufferers will receive prescriptions for antibiotics which are probably ineffective for cold viruses as well as contributing to increases in antibiotic resistance. This estimated 40 million antibiotic prescriptions costs an additional $1.1 billion annually.

But the greatest economic impact of the common cold … Read More

2011 Global Economic Outlook

“The era of good feelings associated with the heyday of globalization has gone forever,” say top economists. I will agree and believe this is an entirely good thing that will enable our shattered world to recover from a devastating global recession. Often times we mix up what feels good at the time with what is the right course of action over the long term. The great recession has taken its last breath but has taught us a great many valuable lessons during its pre-destiny and ultimate reign. The main lesson being that open competition is good. Once we start regulating how much we can achieve we start sabotaging our own continued growth and prosperity. Linking a global currency to a global government would have been a catastrophe. I’m glad that the wise and learned have taken this lesson out of the tragedies of the past 3 years.

Recovery will continue … Read More