Results 1 to 6 of 6

Thread: Florida, Nevada may be hit hardest by coronavirus economic shock: study

  1. #1
    Sage

    JacksinPA's Avatar
    Join Date
    Dec 2017
    Last Seen
    Today @ 04:50 PM
    Gender
    Lean
    Progressive
    Posts
    13,330

    Florida, Nevada may be hit hardest by coronavirus economic shock: study

    Florida, Nevada may be hit hardest by coronavirus economic shock: study - Reuters

    WASHINGTON (Reuters) - Florida beaches remained packed with partying college students as the coronavirus crisis gathered force, and the Republican governor was slow to impose social distancing in a tourist-dependent economy.

    That may come back to haunt the U.S. state - and not just in the form of a sky-rocketing case load. According to a newly released study by Oxford Economics, Florida is among the states most vulnerable to the economic shock being caused by the pandemic.

    Oxford ranked the 50 U.S states and Washington D.C. using 10 measures its economists felt could make a local economy more vulnerable, including the share of the population over 65, dependence on retail sales, and the importance of the tourist industry.

    Maine, with its proportionately older population and comparatively large number of people who are self-employed or work in small businesses, is considered the most vulnerable state economy, according to Oxford. Nevada, with its massive casino-based tourism industry, was second, while rural Vermont was third.
    ============================================
    It's going to be a different country after this goes away.
    'Make America great' - Benito Mussolini, Fascist Dictator, 1927 newsreel clip: https://www.youtube.com/watch?v=c5l_r8MG5II

  2. #2
    Guru swing_voter's Avatar
    Join Date
    Aug 2019
    Location
    'Murica
    Last Seen
    Today @ 09:07 PM
    Lean
    Independent
    Posts
    4,181

    Re: Florida, Nevada may be hit hardest by coronavirus economic shock: study

    Louisiana, where they held the Marti Gras is going to hit hard. There's a lot of fat, not very well educated people, there. There might be a lower amount of infections, but there will be more deaths.

    Washington and California are looking pretty good.

    New York thinks it might be seeing light at the end of the tunnel.

  3. #3
    Sometimes wrong
    ttwtt78640's Avatar
    Join Date
    May 2012
    Location
    Uhland, Texas
    Last Seen
    Today @ 08:15 PM
    Gender
    Lean
    Libertarian
    Posts
    60,237

    Re: Florida, Nevada may be hit hardest by coronavirus economic shock: study

    Quote Originally Posted by JacksinPA View Post
    Florida, Nevada may be hit hardest by coronavirus economic shock: study - Reuters

    WASHINGTON (Reuters) - Florida beaches remained packed with partying college students as the coronavirus crisis gathered force, and the Republican governor was slow to impose social distancing in a tourist-dependent economy.

    That may come back to haunt the U.S. state - and not just in the form of a sky-rocketing case load. According to a newly released study by Oxford Economics, Florida is among the states most vulnerable to the economic shock being caused by the pandemic.

    Oxford ranked the 50 U.S states and Washington D.C. using 10 measures its economists felt could make a local economy more vulnerable, including the share of the population over 65, dependence on retail sales, and the importance of the tourist industry.

    Maine, with its proportionately older population and comparatively large number of people who are self-employed or work in small businesses, is considered the most vulnerable state economy, according to Oxford. Nevada, with its massive casino-based tourism industry, was second, while rural Vermont was third.
    ============================================
    It's going to be a different country after this goes away.
    Yep, with more workers competing for fewer jobs the pressure on "job creators" to raise pay and benefits will decrease while "safety net" program demand will increase. This will likely result in lower federal tax revenue and increased demand for federal spending.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  4. #4
    Sage
    Bucky's Avatar
    Join Date
    Dec 2015
    Location
    Washington
    Last Seen
    Today @ 06:42 PM
    Gender
    Lean
    Independent
    Posts
    17,634
    Blog Entries
    22

    Re: Florida, Nevada may be hit hardest by coronavirus economic shock: study

    Quote Originally Posted by swing_voter View Post
    Louisiana, where they held the Marti Gras is going to hit hard. There's a lot of fat, not very well educated people, there. There might be a lower amount of infections, but there will be more deaths.

    Washington and California are looking pretty good.

    New York thinks it might be seeing light at the end of the tunnel.
    Odd, the people that refused to leave their home during Katrina probably refuse to stay inside...? LOL.
    Is it just me or is it getting crazier out there?”

  5. #5
    Respected on both sides

    Cardinal's Avatar
    Join Date
    Jun 2008
    Last Seen
    @
    Gender
    Lean
    Undisclosed
    Posts
    66,265

    Re: Florida, Nevada may be hit hardest by coronavirus economic shock: study

    Quote Originally Posted by swing_voter View Post
    Louisiana, where they held the Marti Gras is going to hit hard. There's a lot of fat, not very well educated people, there. There might be a lower amount of infections, but there will be more deaths.

    Washington and California are looking pretty good.

    New York thinks it might be seeing light at the end of the tunnel.
    California is doing pretty well, all things considered. We're at critical risk of dying of boredom, though.

    On the plus side, I've run out of excuses for putting off those little home projects.

    Wife: "Paint the bathroom."
    Cardinal: "Later."
    Wife: "Why? What are you doing now?"
    Cardinal: "Uh....telling people on the internet why they're wrong?"
    Wife: "Paint the bathroom. Now."

  6. #6
    Dungeon Master
    Sewer Rat

    Risky Thicket's Avatar
    Join Date
    Apr 2011
    Location
    With Yo Mama
    Last Seen
    Today @ 07:18 PM
    Gender
    Lean
    Independent
    Posts
    29,662

    Re: Florida, Nevada may be hit hardest by coronavirus economic shock: study

    Quote Originally Posted by Bucky View Post
    Odd, the people that refused to leave their home during Katrina probably refuse to stay inside...? LOL.
    That's comparing apples to aardvarks. People who have lived in hurricane prone locations such as Florida, up the eastern seaboard and along the Gulf of Mexico would tell you that you do not understand. In fact, my wife and I were in New Orleans two weeks before Katrina and there was a hurricane warning. Having lived in Florida for a decade you become a bit jaded, yes. But the real truth is if you live in hurricane country you simply cannot packup, lockup and leave 2 or 3 times or more every hurricane season. AND, experience teaches you that on average you are better off staying put. Some tourists left. My wife and I stayed. We had no trouble getting dinner reservations in some of the best restaurants in New Orleans.

    Don't throw rocks at the good folks in New Orleans. Most of the people you might have seen in New Orleans before they closed down the restaurants and bars were tourists, not residents. Should they have closed downtown prior to St. Patrick's Day? Oh, hell yes. It was a mistake not to as we are seeing now. COVID-19 is nothing like a hurricane.








    When Faith preaches Hate, Blessed are the Doubters. - Amin Maalouf

    Thou shalt not COVID thy neighbor. - Slipped Mickey



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •