An elderly Australian war veteran remembers helping to clean up in Japan after the atomic bombs.

The American economy plunged deeper into crisis last month, losing 20.5 million jobs as the unemployment rate jumped to 14.7%, the worst devastation since the Great Depression.The Labor Department's monthly report Friday provided the clearest picture yet of the breadth and depth of the economic damage -- and how swiftly it spread -- as the coronavirus pandemic swept the country.Job losses have encompassed the entire economy, affecting every major industry. Areas like leisure and hospitality had the biggest losses in April, but even health care shed more than 1 million jobs. Low-wage workers, including many women and members of racial and ethnic minorities, have been hit especially hard."It's literally off the charts," said Michelle Meyer, head of U.S. economics at Bank of America. "What would typically take months or quarters to play out in a recession happened in a matter of weeks this time."From almost any vantage point, it was a bleak report. The share of the adult population with a job, at 51.3%, was the lowest on record. Nearly 11 million people reported working part time because they couldn't find full-time work, up from about 4 million before the pandemic.If anything, the numbers probably understate the economic distress.Millions more Americans have filed unemployment claims since the data was collected in mid-April. What's more, because of issues with the way workers are classified, the Labor Department said the actual unemployment rate last month might have been closer to 20%.It remains possible that the recovery, too, will be swift, and that as the pandemic retreats, businesses that were fundamentally healthy before the virus will reopen, rehire and return more or less to normal. The one bright spot in Friday's report was that nearly 80% of the unemployed said they had been temporarily laid off and expected to return to their jobs in the coming months.President Donald Trump endorsed this view in an interview Friday morning on Fox News. "Those jobs will all be back, and they'll be back very soon," Trump said, "and next year we're going to have a phenomenal year."But Diane Swonk, chief economist at Grant Thornton, said that such optimism was misplaced, and that many of the jobs could not be recovered."This is going to be a hard reality," Swonk said. "These furloughs are permanent, not temporary."Many businesses have indicated that employees can work from home throughout the summer, hurting sales at downtown restaurants. Meetings and conferences have been put off as well, reducing demand at hotels and other gathering places. And the longer the pandemic lasts, the more businesses will fail, deepening the downturn.The broad nature of the job cuts, too, means it will take longer for the labor market to recover than if the losses were confined to one or two areas."There is no safe place in the labor market right now," said Martha Gimbel, an economist and labor market expert at Schmidt Futures, a philanthropic initiative. "Once people are unemployed, once they've lost their jobs, once their spending has been sucked out of the economy, it takes so long to come back from that."Carrie Hines, a managing director at an advertising firm in Austin, Texas, had the kind of professional job -- adaptable to working from home -- that seemed insulated from the pandemic's effects. But her firm worked closely with companies in the airline, hotel and amusement park industries. When their business evaporated as a result of the outbreak, it was only a matter of time before Hines' firm felt the impact. She was laid off April 20."I was shocked," she said. "I've never had a gap in work since college."Hines and her husband are cutting back where they can, and they have canceled plans to send their three children to summer camp. "I never imagined this kind of job market where the entire advertising industry has been crushed," she said.The scale of the job losses last month alone far exceed the 8.7 million lost in the last recession, when unemployment peaked at 10% in October 2009."I thought the Great Recession was once in a lifetime, but this is much worse," said Beth Ann Bovino, chief U.S. economist at S&P Global.The only comparable period is when unemployment reached about 25% in 1933, before the government began publishing official statistics. Then, as now, workers from a variety of backgrounds found themselves with few prospects for quickly landing a new job.The government's official definition of unemployment typically requires people to be actively looking for work, making the measure ill-suited to a crisis in which the government is encouraging people to stay home. Some 6.4 million people left the labor force entirely in April, meaning they were neither working nor looking for work.Joblessness -- by any measure -- could be even higher in the report for May, which will reflect conditions next week. Some economists say the unemployment rate should fall over the summer as people begin to return to work. Several states have begun to reopen their economies, and others are expected to do so in coming weeks.But with the virus untamed, it's not clear how quickly customers will return to businesses. And epidemiologists and economists warn that if states move too quickly, they could risk a second wave of infections, imperiling public health and the economy."That would stop people from shopping and cause austerity," Bovino said.For businesses, the uncertainty about the path of the pandemic and about consumers' response to it is making planning difficult.When Austin Ramirez heard about the coronavirus earlier this year, his initial concern was for his supply chain. Ramirez runs Husco International, a manufacturer of hydraulic and electromechanical components for cars and other equipment. The company has a factory in China and receives parts from suppliers there and around the world.By April, virtually the entire U.S. auto industry was shut down, Husco included. (The company's nonautomotive production continued at a reduced rate.) Ramirez said he didn't know when business would bounce back. His goal is to weather the storm."There's no visibility or certainty on what the future demand is going to look like," he said. "We can't build a business model that relies on there being a big recovery six months from now."While most of Husco's roughly 750 North American workers have been furloughed during the crisis, the company has mostly avoided large-scale, permanent job cuts. Ramirez said he expected that most of his workers would come back when he needs them.But particularly in industries like retail and hospitality, layoffs that were initially temporary might not remain so as bankruptcies mount and business owners confront shifts in consumer behavior.Most forecasters expect the unemployment rate to remain elevated at least through 2021, and probably longer. That means that it will be years before workers enjoy the bargaining power that was beginning to bring them faster wage gains and better benefits before the crisis.This article originally appeared in The New York Times.(C) 2020 The New York Times Company

For investors with a long-term horizon, assessing earnings trend over time and against industry benchmarks is more...

(United States Ninth Circuit) - In a suit brought by two nonprofit veterans organizations against the Department of Veterans Affairs, the Ninth Circuit en banc holds: 1) the district court lacked jurisdiction to reach the plaintiffs' statutory and due process challenges to alleged delays in the provision of mental health care and to the absence of procedures to challenge such delays; 2) the district court lacked jurisdiction to reach the plaintiffs' claims related to delays in the adjudication of service-related disability benefits; 3) the district court had jurisdiction to consider the plaintiffs' challenges to the alleged inadequacy of the procedures at the regional office level; and 4) the district court properly exercised that jurisdiction to deny the plaintiffs' claim on the merits.

(United States Ninth Circuit) - Upheld the validity of a Treasury Department regulation. The provision's focus is that related business entities must share the cost of employee stock compensation in order for their cost-sharing arrangements to be classified as qualified cost-sharing arrangements. Reversed the judgment of the U.S. Tax Court.

(United States Ninth Circuit) - Upheld an Internal Revenue Service regulation addressing the tax treatment of employee stock options. In a ruling that has tax implications for multinational companies especially, the Ninth Circuit concluded that the Tax Court erred in striking down a regulation, 26 C.F.R. section 1.482-7A(d)(2), which says that related entities must share the cost of employee stock compensation in order for their cost-sharing arrangements to be classified as qualified cost-sharing arrangements and thus avoid an IRS adjustment. The panel held that the regulation was entitled to Chevron deference.

The wreath-laying ceremony took place outdoors on Friday at the World War II Memorial in Washington, DC, where seven World War II veterans joined the president and first lady.

LONDON (AP) - From resounding applause to ostracization and isolation. That's essentially the journey Lt. Cmdr. Robert Embleton, who served 34 years in Britain's Royal Navy...

Tickets On Sale For New London-based Music Conference At Southbank Centre’s Purcell Room On September 24

Created By James Hannigan, Award-winning Composer And Game Music Connect Co-founder, Screen Music Connect Builds On The Success Of The Sold-out Game Music Conferences

This might be one of the most unique headlines I've ever written but Queen frontman Brian May had to be rushed...

The post QUEENS's Brian May (Literally) "Rips" His Ass "To Shreds," Taken To Hospital appeared first on Metal Injection.

Museums, pop-up bars and artists have lately awakened to the flashy, lucrative power of immersive experiences. But this Boulder novelist has been doing this for years.

In a letter sent to their season ticket holders Friday, the Broncos reiterated that fans can choose a full refund or an account credit if games are canceled or are played without fans in attendance. On Tuesday, the NFL announced a league-wide refund-or-credit policy, but the Broncos informed account holders on April 2 that would […]

"I never thought it would happen to me," he said.

Jane the Virgin star made one young lady’s day.

She spills the tea on her unreleased Tupac interview.

Most general aviation (GA) airports are minimally staffed and rarely employ environmental specialists, and the National Environmental Policy Act (NEPA) can be overwhelming to work through for those not familiar with the requirements. The TRB Airport Cooperative Research Program's ACRP Research Report 211: Guidance for Using the Interactive Tool for Understanding NEPA at General Aviation Airports , and the accompanying interactive tool that was developed, will help airport staff from GA airports understan...

Please include the full title on your forms and the authors last name first. Finished Literature River Rose and the Magical Christmas (Clarkson, Kelly); River Rose and the Magical Lullaby (Clarkson, Kelly) Moved Literature Fantasy (Genres); Vampire Chronicles, The: The Queen of the Damned (Rice, Anne) Closed Literature (Open for application) None on this update. […]

IBM Watson Health and Tiatros Inc, a digital health company, today announced that the Tiatros-enabled post-traumatic stress disorder programs achieved up to 73% completion rate for veterans who begin the PTSD sessions. The Tiatros Post Traumatic Growth for Veterans is a Tiatros psychotherapy program designed as a secure social network to support veterans suffering from post-traumatic stress disorder. The program connects veterans with their peers online, in a platform that is designed to reduce barriers to access and deliver evidence-based cognitive behavioral therapy that is personalized to each individual, with help from Watson APIs.

Las estrategias de negocio con las que organizaciones líderes están transformando su negocio para obtener mayores eficiencias se basan en tecnologías para mejorar el manejo de la información, la interacción con clientes y modelos de negocio en la nube. Estas tecnologías son impulsadas por IBM, reconociendo las necesidades de las compañías mexicanas.

Melbourne, Australia - 18 August 2014: IBM (NYSE: IBM) and the City of Melbourne today launched a new interactive online experience for this year’s Melbourne Spring Fashion Week (MSFW) to enhance the iconic event and help shoppers hunt down the best retail bargains. The launch of the experience signifies the beginning of a three-year partnership between the City of Melbourne and IBM as the Official Innovation and Technology Partner for MSFW.

IBM (NYSE: IBM) and Tennis Australia today announced new and expanded data driven experiences that will enhance Australian Open 2015 for fans on site and around the world. IBM SlamTracker has been redesigned with new point-by-point data visualisations, commentary and statistics that include player and ball movement data for the first time ever at the Australian Open. IBM CrowdTracker, new for 2015, will provide fans with live match, venue and social information via ausopen.com and the official Australian Open apps.

1. Queen Elizabeth's VE Day speech says veterans would be proud of coronavirus effort today  ABC News
2. Queen’s VE Day TV address: Tells Brits to ‘never give up’  NEWS.com.au
3. 'Streets filled with love': The Queen gets personal in VE Day broadcast  Sydney Morning Herald
4. King George VI VE Day speech: Read poignant message 'Our will-power is inexhaustible'  Express
5. A message of hope in difficult times  Telegraph.co.uk
6. View Full coverage on Google News

1. Tributes flow after death of veteran journalist Frank Crook  Sydney Morning Herald
2. Editor, broadcaster, raconteur and writer’s writer Frank Crook dies  Daily Telegraph
3. View Full coverage on Google News

One complaint people often make when they settle into a more frugal lifestyle is that their life begins to take on a feeling of “sameness,” in that each day feels more similar to the others than it did before they made frugal changes to their life. (This same shock is being felt by people under stay at home orders, too, for similar reasons.) I’ll give you a great example of this. Many people settle into a routine of eating out […]

The post Counteracting the “Sameness” of Frugal Living appeared first on The Simple Dollar.

It was inspired by her current habit of wearing old sweatshirts and sweatpants left behind by childhood friends. READ MORE...

  COVID-19 is having an immediate and drastic impact on the construction industry with job sites being abandoned and workers being furloughed. A byproduct of these unprecedented pandemic-related changes has been the demobilization of

It's safe to say that Marine veteran Jessica Rambo is not one to rest on her laurels. After 10 years of service in the Marine Corps, the mom of two worked day in and day out for two years in order to convert a 1997 Blue Bird school bus into a full-time tiny house on wheels that also serves as a roaming art studio. Now, Rambo and her two kids are about to embark on a long road trip to bring her nonprofit art organization, The Painted Buffalo Studio, to veterans around the country.[...]

Responding to a challenge that tragic necessity has thrown to countless research labs around the world, a team from the Department of Chemistry will deploy its new cell mapping technology to shed light on the molecular interplay between COVID-19 and its host. The team is collaborating with Princeton molecular biologists who study viruses.

Veterans are being hit hard by unemployment due to the coronavirus pandemic.

Sigrid Nunez, 69, authored the National Book Award-winning novel “The Friend," which depicts a woman’s grief over the death of a close friend as she cares for his dog. She’s among 175 recipients of this year’s grants, which aim to give awardees the financial freedom to pursue their creative work.

You can grow your blog in two ways:

1. Get more traffic.
2. Do more with the traffic you have.
In my opinion, you should do both even though most people focus on the first option.
Those bloggers don’t realize they’re losing a large chunk of their traffic before it even has a chance to convert.
One of the best ways to see how well you’re using your traffic is to look at your bounce rate.
The average bounce ...

The post How to Cut Your Bounce Rate in Half with Interactive Content appeared first on RSS Feed Converter.

Michael Glennon chats to Kilkenny legend Tommy Walsh about the motivation of boss Brian Cody, whose side were due to take on Dublin in the first round of the Leinster SHC round-robin on Sunday.

In a move the Clippers hope will reinforce an oft-injured roster, the team signed Reggie Jackson shortly after the veteran guard cleared waivers Thursday.

Clippers rookie Terance Mann underwent surgery Tuesday to repair a ligament in his right hand. There is no timetable for a potential return to playing.

Lakers' Anthony Davis is partnering with First Entertainment Credit Union as their first official ambassador.

The Lakers plan to sign Dion Waiters on Friday to a minimum deal for the remainder of the season, according to people familiar with the deal.

The launch of the new latimes.com is more than a redesign. The whole site has been reimagined.