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What happens to the economy when $5 2 trillion in stimulus wears off?
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What happens to the economy when $5 2 trillion in stimulus wears off?
boston.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from boston.com Daily Mail and Mail on Sunday newspapers.
Carol Roth
Jul 08, 2021 8:40 PM ET
While Walmart and Target continue to beat earnings expectations, small businesses struggle to survive. Nearly two-thirds of them are hitting only half or less of their pre-lockdown monthly revenue levels, according to Alignable’s June Road to Recovery report.
Then there are the businesses that never recovered at all. The Biden administration recently projected that more than 400,000 small businesses have closed permanently, but that’s likely a massive underestimate: Already by June 2020, the Hamilton Project had counted 400,000 closures. Opportunity Insights data, meanwhile, show that by the end of May 2021, there were 38.9 percent fewer small businesses open nationwide than at the outset of 2020.
The trustees are:
• Blair Effron, Lori Dickerson Fouché and Bob Hugin, who were elected by the board to serve as charter trustees;
• Timothy Kingston and Elizabeth Myers, who were elected by the board to serve as term trustees;
• Marisa Demeo, Kathy Kiely and Kathryn Roth-Douquet, who were elected by alumni to serve as alumni trustees; and
• Morgan Smith, who was elected by the junior and senior undergraduate classes and the two youngest alumni classes to serve four years as a young alumni trustee.
Completing their terms as trustees on June 30 are Scott Berg, Class of 1971; Katherine Bradley, Class of 1986; Beth Cobert, Class of 1980; Yan Huo, Graduate Class of 1994; Ann Kirschner, Graduate Class of 1978; Melanie Lawson, Class of 1976; Laura Overdeck, Class of 1991; and Achille Tenkiang, Class of 2017.
Black Female-Founded Companies Need Funding, Not Accelerators Or Incubators
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.