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Unemployment is Much Worse Than it Looks
July 2, 2020 Off

Unemployment is Much Worse Than it Looks

By Mish

The unemployment rate fell 2.2 percentage points to 11.1% but claims data and the reference week raise significant questions.

Jobs Rebound by 4.8 Million But Huge Headwinds Remain
July 2, 2020 Off

Jobs Rebound by 4.8 Million But Huge Headwinds Remain

By Mish

Nonfarm payrolls expanded by a record 4.8 million but that leaves another 15 million to go.

July 2, 2020 Off

Brands Declare Black Lives Matter, but Activists See a ‘Double Standard’ in Asia

By Andrew Nachemson

As countries around the world reckon with widespread protests against centuries of systemic racism, high-profile companies have found themselves scrambling…

July 2, 2020 Off

How One Large, Tragic Wedding Turned an Indian Town Into a COVID Hotspot

By Pallavi Pundir

This article originally appeared on VICE IndiaThe groom is dead and at least 79 of the 300-odd guests have tested…

Young Nepalis Are Outraged by Their Government’s Inept, Corrupt  Response to COVID-19, Among Other Things
July 2, 2020 Off

Young Nepalis Are Outraged by Their Government’s Inept, Corrupt Response to COVID-19, Among Other Things

By Abha Lal

This article originally appeared on VICE IndiaSince June 9, large groups of young people have been taking to Nepal's streets…

Here’s What You Need to Know About Australia’s ‘Second Wave’ of COVID-19
July 2, 2020 Off

Here’s What You Need to Know About Australia’s ‘Second Wave’ of COVID-19

By Gavin Butler

Stage three “stay-at-home” coronavirus restrictions were reinforced in parts of Melbourne, Australia on Thursday morning, as the state of Victoria…

July 1, 2020 Off

Protesters With Plastic Pitchforks Just Showed Up to Billionaires’ Mansions in the Hamptons

By Emma Ockerman

Want the best of VICE News straight to your inbox? Sign up here.If some of the nation’s wealthiest residents were…

The Fed Promotes a Quickening that Takes Many Years
July 1, 2020 Off

The Fed Promotes a Quickening that Takes Many Years

By Mish

In the minutes of the June 9-10 FOMC meeting, the Fed discussed racism, Covid,  Forward Guidance, Asset Purchases, and Yield…

Car Sales Plunge 33 Percent in the 2nd Quarter Despite Deals
July 1, 2020 Off

Car Sales Plunge 33 Percent in the 2nd Quarter Despite Deals

By Mish

General Motors, Toyota, and Chrysler all report steep declines in auto sales. On the plus side, the results were better…

The Recovery Will Have Many Shapes, Not One
July 1, 2020 Off

The Recovery Will Have Many Shapes, Not One

By Mish

No economists in a recent survey thinks the recovery will be V-shaped but opinions regarding the shape have changed since…

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