The history of American fashion trends is bedecked with some strange entries. The summer of love in 1969 saw hippies storm Bethel, New York bedecked in bell-bottoms, shag fringed vests and beaded headbands. Shoulder pads first hit their stride in the 1980s, when designs like Armani, Anne Klein and Ralph...
Coronavirus Refunds: Golden Knights To Reimburse Fans
As the pandemic continues to disrupt everyday life the world over, many consumers want refunds on things they paid for but aren’t able to use. For example, sports teams are offering fans reimbursements for games that won’t be played amid the pandemic. The Golden Knights, an NHL team, plans to...
Chicago Purchasing Managers Index Tumbles To 38-Year Low
The widely watched Chicago Purchasing Managers Index fell to 32.3 in May, hitting its lowest level since the recession year of 1982 as the COVID-19 pandemic slammed business confidence. Among the Index’s individual components, demand fell further after its largest drop ever during April. Meanwhile, the new orders component eased...
Democrats Skeptical Of Second Round Of Stimulus Checks
House Democrats who had hoped to provide Americans with a second $1,200 stimulus check are facing opposition from members of their own party in the Senate, The Hill reported. Two weeks ago, the House narrowly adopted a $3 trillion measure that would provide a second wave of cash payments to...
Sweden’s Economy Grew In Q1 In Absence Of Lockdown
Sweden is winning the race among European nations to restore the economy from the coronavirus pandemic, according to data published on Friday (May 29), CNBC reported. The Nordic country reported its gross domestic product (GDP), a measure of economic health, grew at an annual rate of 0.4 percent from January...
House Eases Rules On PPP Loans
A measure that would make it easier for small businesses (SMBs) to get their hands on a forgivable federal loan has easily passed the House, The Wall Street Journal reported. The bi-partisan bill answers a request from entrepreneurs who asked lawmakers to reduce the amount of the Small Business Administration’s...