Kristin Schwab

Latest Stories (138)

One reason why Black-owned businesses have fared worse in the pandemic: weaker banking relationships

Aug 4, 2020
That leaves them restricted access to capital, according to a study by the New York Fed.
A beauty product booth at a Black-owned business expo in Florida. The number of Black business owners in the U.S. fell more than 40% between February and April, according to a New York Fed study.
Octavio Jones/Getty Images

Millions of unemployed workers now rely solely on state benefits — and they vary wildly

Aug 3, 2020
There is no federal standard for unemployment benefits, so states create their own rules.
A message on a car window demands a better system for supporting unemployed workers in Florida.
Joe Raedle/Getty Images

Why retailers price some items below cost

Jul 31, 2020
Lots of industries rely on loss leaders to get you in the door while quietly raising prices on other products.
An employee restocks the milk shelves at a Miami supermarket in April. Milk is often what economists call a loss leader.
Joe Raedle/Getty Images

Thanksgiving won't launch Black Friday shopping at some of the biggest retailers

Jul 29, 2020
Walmart, Target and Best Buy won't open on the holiday this year to jump-start the traditional extreme-shopping weekend.
A Macy's Black Friday sale in 2018 in New York. Store traffic on Thanksgiving is just a small part of Black Friday weekend.
Stephanie Keith/Getty Images

How are plant-based meat companies faring during the pandemic?

Jul 27, 2020
Beyond Meat reports quarterly results Monday, which may offer a glimpse into how the sector is doing.
Packages of meat alternatives for sale in a New York market. Most customers are not vegetarians but people who eat less meat for health or environmental reasons.
Angela Weiss/AFP via Getty Images

Who should pay for hazard pay?

Jul 24, 2020
Companies have mostly stopped paying it. Now, local governments are stepping in.
An employee at work in the meat department of a Florida supermarket. Such workers are considered essential and are taking risks during the pandemic but are not highly paid.
Joe Raedle/Getty Images

Historically Black colleges and universities face new financial hurdles

Jul 24, 2020
The pandemic has reduced HBCUs' enrollment, affecting tuition revenue. Even before this year, many struggled financially.
Pictured: Graduates of Bowie State University, an HBCU in Maryland, attended ceremonies with messages on their mortarboard hats in 2013.
Chip Somodevilla/Getty Images

Chambers of commerce grapple with pandemic's burdens on local businesses

Jul 23, 2020
Chambers must navigate a new landscape that includes shutdowns, PPP applications and changing promotional strategies.
COVID-19 has altered the landscape for local chambers of commerce, who function to promote local businesses.
Spencer Platt/Getty Images

What does it mean to declare racism a public health crisis?

Jul 15, 2020
Just the process of making the resolution can have an impact, one expert says. But it doesn't trigger government funds like other crises..
A Black Lives Matter march last month. More than 60 local governments in the United States are considering declaring racism a public health crisis.
Linnea Rheborg/Getty Images

Local governments and companies encourage masks in absence of federal policy

Jul 13, 2020
New York, California and Oregon have put out public service ads to get people to wear masks.
A person walks by graffiti encouraging mask wearing in April in San Francisco.
Justin Sullivan/Getty Images