A prominent Indian-American businessman has urged US President Donald Trump administration to reopen the country’s economy with “common sense precautions”, highlighting the struggles America’s hoteliers were facing during the COVID-19 lockdown, the media reported.
Speaking at a roundtable of hospitality and tourism industry, hosted by Vice President Mike Pence in Orlando on Wednesday, Danny Gaekwad, Chairman of OSEM Hospitality Management, said such a move will “help our industry and our state get our economy moving again”, the American Bazaar reported on Thursday. Gaekwad was speaking as a representative of the Asian American Hotel Owners Association (AAHOA).
Besides Pence, the event was attended by Labor Secretary Eugene Scalia, Florida Governor Ron DeSantis and several prominent business leaders from the state. Gaekwad and other industry leaders proposed a number of steps and a phased reopening of the economy. “This pandemic hit the hotel industry particularly hard, and owners and employees alike continue to struggle,” said Gaekwad, also a prominent Republican donor, told Pence.
“Reopening our businesses with common sense precautions that prioritize the health and wellbeing of employees and guests will help our industry and our state get our economy moving again.” Gaekwad, a resident of Ocala, in central Florida, drew Pence’s attention on the liquidity crisis members of AAHOA, who own nearly one in every two hotels in the country, were facing.
“If there is no guest, there is no dollar. If there is no dollar, don’t even think about liquidity. Do we have liquidity? Absolutely not,” the American Bazaar quoted the businessman as saying.
“As an immigrant, my whole family works in a business because it does bother us. I represent here more than 20,000 (AAOHA) members. We all came with an American Dream. I thought I saw 9/11, I thought I saw the greatest recession. I have never seen this and I was never prepared for this.” (IANS)
Applications for unemployment compensation eased again in the U.S. last week, the Labor Department reported Thursday, as some employers started to reopen businesses after the coronavirus pandemic forced their closure.
Even so, another 2.1 million more workers sought cash benefits after being laid off as other businesses curtailed their operations in the face of the continuing threat from the virus and less demand for their products.
In all, since mid-March, 40.7 million workers have now sought unemployment compensation, nearly a quarter of the U.S. labor force of more than 164 million.
However, the current actual number of jobless workers is unknown since some who sought unemployment benefits in previous weeks have now been called back to work by their employers. All 50 state governors have begun to ease restrictions on businesses opening in a patch-work array of directives that varies widely throughout the country.
The U.S. death toll from the virus topped 100,000 on Wednesday and health experts predict tens of thousands more will die in the coming months. But President Donald Trump, facing a November re-election contest against former Vice President Joe Biden, is predicting the country will have a robust economic recovery.
“States should open up ASAP,” Trump said on Twitter this week as the stock indexes advanced sharply. “The Transition to Greatness has started, ahead of schedule. There will be ups and downs, but next year will be one of the best ever!”
But the coronavirus has had a major effect on U.S. commerce, with 27 companies already filing for bankruptcy protection in May and some companies announcing they were closing permanently.
The official April unemployment rate was 14.7%, with Trump economic advisers acknowledging that the May figure, when it is announced in early June, is likely to be 20% or more. They say the rate could remain in double digits on Election Day Nov. 3 and could still be about 10% at the end of 2021.
The government at first said the national economy dropped 4.8% in the first quarter, but that was before the full impact of the pandemic became apparent. It raised the figure to 5% on Thursday and economists expect a further decline in the April-to-June quarter.
Larry Kudlow, director of the White House National Economic Council, told the Washington Post recently that there are some “small glimmers of hope” in the economy. But he also acknowledged the ongoing difficulties the coronavirus pandemic poses to the world’s largest economy.
“Look, it’s really hard to model a virus, a pandemic, the likes of which we have not seen for 100 years,” Kudlow said. “The numbers coming in are not good. In fact, they are downright bad in most cases. But we are seeing some glimmers, perhaps … there’s a lot of heartbreak here. There’s a lot of hardship here. There’s a lot of anxiety here. It’s a very difficult situation.”
Numerous states still require social distancing of at least two meters between people in stores and some major retail outlets are requiring their employees and customers to wear face masks. Some governors are limiting restaurants to half capacity.
But in other states, the restrictions have been significantly lifted and crowds have quickly emerged to resume life, shopping or enjoying a day at Atlantic and Pacific beaches, often ignoring the admonitions of health experts to maintain a safe distance from others or to wear a face mask.
Federal Reserve chair Jerome Powell has warned that the American economy could endure a multi-year recession if more aid is not authorized for workers. He said that 40% of American households earning less than $40,000 a year lost jobs in March.
But Trump and Republican lawmakers are balking at approving more government assistance until it can be determined how much effect the already-approved funding is helping the economy.
U.S. workers filing for jobless benefits normally are paid slightly less than half their normal salaries. But these payments are currently being augmented during the pandemic with $600-a-week supplements from the federal government for four months, through July.
The peak of the unemployment benefit claims likely came in late March with 6.9 million workers filing for the jobless compensation.
The weekly pace of claims has diminished each of the last 10 weeks since then, but the millions of claims have still been unparalleled over decades of U.S. economic history, reaching back to the Great Depression in the 1930s. The number of claims has far exceeded those made during the Great Recession in 2008-2009. (VOA)
There is no right time for break-up and we guess there will never be one. Throw in an invisible potentially fatal virus that is spreading at an expeditious rate globally, lost jobs or work-from-home shifts, economic uncertainty, being isolated in lockdown, worrying about daily essentials, and the normal breakup stress level multiplies by a thousand. Beejal Gosai Psychologist, Mpower – Cell lists what one going through a breakup should expect and how to cope during this unparalleled time.
Difficulty in letting go
This is the most difficult step that comes with any normal breakup – be it holding on to the person or memories. In these times when we are forced to isolate ourselves from the outside world to add on to that woes of a lost relationship, are bound to make one feel lonelier than ever. We may tend to hold on to the memories that we created with a person more than ever which may help us feel less lonely. It is important to know what you deserve and who you want to become from the lessons learned in this relationship. Focus on building a relationship with yourself.
Feel your feelings
Please allow yourself to grieve. You will grieve the person you once were, the person who was less heavy with this kind of feeling. You will grieve the future and the memories that you had thought you would make with them by your side. You are allowed to grieve loss of your relationship you once had. So accept it and allow yourself to feel the hurt, pain and in certain cases also the feeling of being wronged. In the times when we are not allowed to have a physical social support, make the utmost use of the technology to receive support from your friends and families who will be ready to be with you from afar. Use apps like Skype, Zoom, Team link, Google duo, FaceTime.
Let this situation sink in
When in a relationship, we often tend to be dependent on our partner or at some point in time, his or her presence helps us regulate our emotions or help us manage our lives in a more organized way and when that person is gone, it is very difficult to come into terms with the reality. After the initial pain and shock subsides, it is important to try and put things into perspective. Maybe several issues had been festering within the relationship and a breakup had always been a distinct possibility. It is important to ponder over the lessons you learned from this relationship and to also take care of your emotions which are probably all over the place at the moment. Treat yourself with compassion and kindness but most importantly, be there for yourself.
Stop over thinking
The last thing that you would want to do post break up is overthink. Don’t overthink about things like what if your old flame gets a partner and you don’t? After breakup, it’s highly possible that you will think, rethink, rewind, replay, analyze and dissect past moments. Do not get trapped in questioning yourself ï¿½what-ifs’ in your head. That is a vicious cycle and will just led you in spiral downward cycle. Instead, focus on what made you leave the table or relationship at the first place, what unhealthy signs you ignored just because you were too afraid of losing the person, did you notice any red flags in the relationship, what you do not want to allow in your future relationships. It is always important to remember that a break-up can actually make up for all the lessons that you never thought you needed. So keep the eyes open.
Even when they are the right thing to do and probably the most important thing to do, breakups are painful. If you follow through with your plan to break-up, make sure you stay focused on good self-care. Whether your turn to journaling, reading self-help books, or online therapy by seeking help to a professional, use this time to focus on your own healing process. (IANS)