Unemployment sign-ups skyrocket
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First-time unemployment claims doubled week-over-week, to 6.6 million. There are 100,00 crew members stuck on ships at sea during this pandemic. Some economists push for longer grace periods on debt repayment.
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"For those businesses that are getting so much help from the government, part of that should be used to help the debtors," said Nobel laureate Joseph Stiglitz.