Business & Economy
Business & Economy
Why Insurers May Not Cover Business’ Coronavirus Losses
As coronavirus pandemic shutters small businesses across the Northwest, business owners are bracing for a wave of insurance denials. That’s because insurers have been telling businesses that coronavirus losses don’t count.
Stimulus Cash Payments May Take Up To 20 Weeks To Reach Some Americans Without Direct Deposit
This time frame is longer than the estimate that Treasury Secretary Mnuchin gave when he negotiated the program for cash payments with congressional leaders.
Washington Steps-Up Messaging On ‘Stay-At-Home’ Order: Risk Ticket Or Losing Business Licence
The governor outlined a three-tier law enforcement response system for violations of the order, which could amount to a gross misdemeanor. A first offense would result in a warning. But consequences thereafter would become more serious.
As Monthly Rents Come Due, So Do Different Eviction Policies For Idaho And Washington Tenants
Rent is due this week. But with stay-home orders in both Washington and Idaho, shuttered businesses and a troubled economy, some people wonder if they’ll get evicted if they don’t pay. In Washington, a moratorium on evictions gives protection to renters hit hard by the COVID outbreak. Idaho has no such moratorium, but a recent court order may protect them.
Lost Work Because Of Coronavirus? How To Get Unemployment, Skip Loan Payments And More
The federal government is throwing $2 trillion at the coronavirus problem. Banks and other lenders are doing things to assist people on top of that. Here’s your survival kit for how to get the help that’s available and be in the best financial shape possible as you weather this storm.
Show Me The Relief Money – No Promises On When Coronavirus Checks Are Coming
Under the plan, single people earning incomes below $75,000 will receive as much as $1,200. The White House says it will issue funds in three weeks but experts say it could take months for some.
U.S. House Passes $2 Trillion Coronavirus Economic Relief Bill, Heads To President For Signature
A historic $2 trillion economic recovery package will be sent to the president’s desk for signature after House lawmakers passed the bipartisan bill Friday afternoon.
Governor Says Washington ‘Stay-At-Home’ Order May Be Extended Beyond Initial 2 Weeks
Gov. Jay Inslee says people should prepare to stay home beyond the initial April 6 order, as officials work to flatten the COVID-19 curve.
‘It’s A Difficult Place To Be’: Yakima Construction Firm Preps For Mass Layoff — Just Like 2008
Like many decades-old businesses, Yakima and Seattle-based PaintSmith has had experience with layoffs. After the 2008 recession, the company went from 80 employees to just 10. It taught Smith that his company can survive financial downturns.
Northwest States See Unprecedented Surge In Unemployment Claims
Mirroring the national trend, Washington, Idaho and Oregon are experiencing an unprecedented spike in unemployment claims caused by the COVID-19 pandemic.
How To Avert Economic Catastrophe: Ideas From 5 Top Economists
Avoid layoffs at any cost. Set up emergency financing for states and cities to help health systems. Cut regulations to speed medical response. Those are some recommendations from leading economists.
U.S. Economic Slowdown In Coming Months May Be Worst On Record
Forecasters say the government’s aggressive efforts to curtail the spread of the virus will trigger the sharpest slowdown on record. Some see the economy shrinking a staggering 24%.
