CJE

Yet, our results underscore the monetary fragility of many small businesses, and the way deeply affected they are by the present crisis. In our sample, which is skewed toward the retail sector, we found that 43{2068461ecb2749bc6b8d6586f764e6ba379f4a8fa732af27237329db60b30634} of businesses have been temporarily closed and that employment had fallen by 40{2068461ecb2749bc6b8d6586f764e6ba379f4a8fa732af27237329db60b30634}. This represents a shock to America’s small firms that has little parallel because the Great Depression of the Nineteen Thirties. Our results counsel that many of these companies had little cash on hand toward the start of the pandemic, which implies that they’ll both should dramatically minimize expenses, tackle additional debt, or declare chapter.

Bilaspur-based Coal India unit South Eastern Coalfields will withdraw its directive to suspend supply to non-power utilities. Power Secretary Alok Kumar has warned states in this regard and has asked them to take authorized action in case imported coal-based power crops refuse capability on any pretext, a report said. Chuck Bundrant, the titan of the fishing business who commercialized pollock at fast meals chains around the world and spent seven decades trawling northern seas, died on Sunday on the age of 79.

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This figure displays the frequency of answers to a question about the likelihood …