Activity in the Second Quarter of 2020 we are going to see eyepopping forecasts in the third quarter. We cannot lose sight of what that means for people who are struggling, businesses who are struggling, in the fact we still have a deep hole. Recovery,led k shaped and those who do not have options to work from home, is already fading away. We see a hollowed out downtown. [indiscernible] what does that mean for city revenue . In high rent districts employment is still at that 45 of precovid levels. Colleagues and i have a clause looking at what this means for cities and how it depends on revenue structure, industry, and exposure to covid as well as federal and state policy response. If i could get the next slide, please . Go. E we going into this there were a lot of things we thought we knew about city economies and finances. Much of that has been upended by covid. You are thought to be a Success Story if you are a service economy, and now they are under threat. We used to think cities
We should not lose sight of what that means for people who are still struggling and the fact we still have a very deep hole to climb out of. The socalled [inaudible] workers at the low end distribution hedonic options to work from home and federal health is already fading away. Nasa been said about what this means for cities and as we see hollowed out downtowns with your workers coming in, buying lattes and what 115th congress has called any service that depends on a smile what does that mean for city revenues . One estimate suggests especially in high rent districts, employment is still at 45 of precovid levels. We arere about to explore the sinks a bigger graph of blog, my colleagues have a blog looking at what this means for cities and look at how really depends on state revenue structure, well exposure to covid as as the highly uncertain federal policy response. If i could get the next slide, please. There we go. The point of a blog is really going into this were a lot of things we
Cities krs the u. S. From the urban institute this runs an hour. Were about to hear some very good Economic News after recordbreaking declines in economical activity in the Second Quarter of 2020, well be see eyepopping consensus, 25 growth in the third quarter. We should not lose sight of what that means for people who are still struggling and the fact that we still have a deep hole to climb out of. Much has been written about the kshape recovery. Workers at the low end of the distribution who dont have options to work from home and for whom federal help has already been paid in a way. Weve seen who will owedout downtowns with fewer workers coming in, buying lattes. What does that mean for city revenues . One estimate suggests its in highrent zip codes, highrent districts, employment is still at 45 of precovid levels. So we are about to explore these things today. We also have a blog my colleague and i have a black about what this means for cities and each industrys mix and, of course
We will be remembering lewis, who spent decades in congress with reports from lee could you wan and others. And then we turn to the future. Even as the nation debates how to safely reopen its schools, an equally baffling issue faces employers what it will take to game guarantee that a day at the office will be safe for every returning worker . A question john black stone will tackle in our cover story. The office, as we have come to know it in recent years is one of those things that the pandemic may have changed forever. Is it time to say rest in peace, the open office plan . The open office is over. It was already over for a lot of reasons. It was too noisy and you couldnt concentrate and it was well on the way out of the door. A new office with a new normal ahead on sunday morning. Pauley choir directors havent been able to say altogether now, at least in person, to their singers for months, which has not stopped the maestro david probe. We will introduce him. These days choirs cant
Political revenge. The Justice Department tries to oust the u. S. Attorney investigating President Trumps allies and his lawyer rudolph giuliani. He says hes not leaving. And the future of firefighting. With three dozen wildfires burning in nine states, well take to the air to look at the newest weapon in the arsenal in battles like this. First, we begin this morning with a look at todays eye opener, your world in 90 seconds. Its a rule to wear masks, i will wear a mask guaranteed. I will wear a mask. However, if its an option, i will definitely not wear a mask. Oklahomas Supreme Court rejected a request to require that everyone attending President Trumps rally wear a face covering. What will be the largest gathering in the u. S. Since the pandemic. Theres a good chance people may walk in uninfected and walk out infected. Everyone is keeping their distance. I feel safe. Reporter the World Health Organization warning of a new and dangerous phase of the covid19 pandemic in the u. S. The