Shockingly Dysfunctional : Mass Unemployment System Leaves People Struggling Amid Pandemic Job Losses
A sign announces the closure of an unemployment walk-in center in Boston due to the coronavirus pandemic on May 9, 2020.
Michael Dwyer/AP
Unemployment Insurance Delays
Michael Smith, 35, thought things were bad in March when the pandemic hit. He lost his job as a bartender, and his dream of buying a house for his young family disappeared. Smith, who lives in Revere, started collecting unemployment and spending down the money he and his wife had put away for the house.
But when December arrived, Smith said, he realized things could get a lot worse. After finding a few months of short-term work, Smith’s hours were slashed, and he needed to file unemployment claims again. Yet, this time, he was not hearing anything back from Massachusetts’ Department of Unemployment Assistance (DUA).
هشام سلام ومعركة العلم
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FAB to acquire 100% of Bank Audi Egypt’s share capital
ABU DHABI, January 21, 2021 First Abu Dhabi Bank (FAB) and Bank Audi sal have announced the signing of a definitive agreement for the acquisition by FAB of 100% of the share capital of Bank Audi sae, Bank Audi’s subsidiary in Egypt, a media report said. This agreement follows the completion of an in-depth due diligence exercise conducted by FAB on Bank Audi sae (Egypt) after obtaining the preliminary approval of the Central Bank of Egypt, reported Emirates News Agency
WAM. The transaction is expected to be completed within the next few months, following the satisfaction of customary conditions, including the receipt of regulatory approvals in the UAE and Egypt.