A working paper by Abigail Wozniak of the Opportunity and Growth Institute of the Minneapolis Fed offers several important policy suggestions derived from analysis of a large Covid-19 Impact national survey that assesses multiple measures of well being during the Covid pandemic. Wozniak cautions that this is analysis from the first round of the survey […]
Minority Biz Hit Hardest by Covid Crisis. Most will not survive beyond 6 months. Minneapolis Fed Survey
The Minneapolis Fed conducted a business survey in partnership with community organizations to gauge the impact of the COVID crisis. 768 participated in the survey out of which 44 percent were minority businesses and 71 percent women owned businesses. The data shows that minority businesses have been hit the hardest in reflected in expected sales, […]
Good Job Minnesota! The value of the lives saved by Minnesotans complying with Governor Walz’ #StayHomeMN order is an estimated $105 billion over the life of the pandemic. In other words, Minnesotans contributed $105 billion towards the war on Covid by staying at home and social distancing for the past several weeks. This contribution is […]
As Asian Americans experience racial and xenophobic bias during the COVID crisis it might help to pause and reflect on the implication of hate on the survival of the US economy and health infrastructure at this critical time. 22.6 million Asian Americans have close to a trillion dollars in income. To get a sense what […]
There is a critical change needed in the SBA PPP program – it has a 6 month loan forgiveness program based on sustaining employees on the company’s payroll. Great idea but it has hit some hurdles as businesses dig into using the money. The nation invested close to $600 billion in almost 4 million loans […]
The 10th Annual Report on Religious Restrictions by Pew Research concludes that over the decade 2007-2017 religious restrictions imposed by government and social hostilities against religious groups have reached an all time high in over 187 countries. The report was released before the Covid-19 crisis and so, in the current context, points to the need […]
Governor Walz opened up more retail establishments beginning Monday this week. Unacast’s retail dashboard based on foot traffic data reveals a slight thawing of the retail sector as compared to data of April 26 (See week 1 summary at the end of the article) On April 26, three sectors showed some movement, Home Goods and […]
Top 10 articles from one month of my blog Covid Economic Policy – With an Equity Lens. Viewed by visitors from 30 countries. Top 10 countries #India #Belgium #UK #Bangladesh #Netherlands #Canada #Philippines #Germany #France #Singapore Top 10 Stories: Top Story 1 – article about the great retail freeze dashboard on retail trends based on […]
A new Covid-19 Impact Survey by the Data Foundation in partnership with the Federal Reserve Bank of Minneapolis presents a snapshot of American personal responses to the current crisis. Majority of respondents reported an increase in daily connections with family and friends. 8 in 10 report wearing face masks and around half reported working during […]
On these pages the case was made for the SBA to go deeper to reach the Mom and Pop stores that were left out of the first round of funding. Congress responded with dedicating $30 billion to go towards smaller lenders especially community development financial institutions. The SBA also responded by focusing on the smaller […]
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