T.H.E.M.
¨We believe in the judgment; we believe this first judgment will take place as God revealed, in America...¨
T.H.E.M.
¨We believe in justice for all, whether in God or not; we believe as others, that we are due equal justice as human beings.¨
“Disastrous Economic Situation” – Small Firm Bust Goes Unnoticed As Economy Flounders
The virus-induced recession has resulted in deep economic scarring that will be seen for years. Tens of millions of Americans remain unemployed, broke, and hungry. US bankruptcies of large companies are on pace to hit a 10-year high, with even more devastation seen among smaller firms.
The collapse of small business is absolutely shocking, considering firms with under 500 employees account for about 44% of US economic activity.
Bloomberg notes a “wave of silent failures goes uncounted in part because real-time data on small business is notoriously scarce, and because owners of small firms often have no debt, and thus no need for bankruptcy court.”
“Probably all you need to do is call the utilities and tell them to turn them off and close your door,” said William Dunkelberg, chief economist for the National Federation of Independent Business. ….,more here
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