economic reopening News

Impact of Coronavirus on U.S. Economy Could Be $3-$5 Trillion Over 2 Years: USC Study

The COVID-19 pandemic could result in net losses from $3.2 trillion and up to $4.8 trillion in U.S. real gross domestic product (GDP) over the course of two years, a new University of Southern California (USC) study finds. The pandemic’s …

Hotels’ Coronavirus Recovery Offerings Include Robots, Purifiers, Nonstop Elevators

Set in the kelly-green hills of Ireland’s County Clare, Dromoland Castle is the type of getaway that never sits empty. Why would it, with a pampering spa tucked behind 16th century walls, a par-72 championship golf course, and more stars …

Insurers Alert to Avoiding Legionnaire’s Disease Outbreaks as Buildings Reopen

Commercial insurers are scrutinizing building managers’ efforts to avoid outbreaks of Legionnaires’ disease as they re-open movie theaters, gyms, schools and offices that had been closed for months due to the coronavirus pandemic, industry sources told Reuters. Legionnaires’ disease is …

Liability Waivers Not Always Effective But Employers Take ‘Better Safe Than Sorry’ View

As businesses reopen across the U.S. after coronavirus shutdowns, many are requiring customers and workers to sign forms saying they won’t sue if they catch COVID-19. Businesses fear they could be the target of litigation even if they adhere to …

Health Experts Caution Over Disinfectants, Cleaning Methods Used in Rush to Reopen

Businesses across the U.S. have begun intensive Covid-19 disinfection regimens, exposing returning workers and consumers to some chemicals that are largely untested for human health, a development that’s alarming health and environmental safety experts. The rush to disinfect is well-intentioned. …

Aon Spearheads Economic Recovery Coalition in Chicago with Hopes of Taking It Global

Insurance broker and professional services firm Aon announced the formation of a coalition of other insurers, companies and organizations in the Chicago area to help advance economic recovery in the wake of the COVID-19 pandemic. The coalition includes other Illinois …

Federal Reserve Warns of ‘Long Road’ Ahead to Economic Recovery

The Federal Reserve expects household finances and business balance sheets to suffer “persistent fragilities” as a result of the shock to economic activity arising from the coronavirus pandemic, the central bank said in a report to Congress on Friday. In …

Coronavirus Lockdowns Substantially Slowed the Pandemic, Research Says

New research shows that the restrictive measures taken around the world to slow the spread of the coronavirus have delivered considerable health benefits. Public health measures including social distancing and lockdowns have prevented more than 500 million additional coronavirus infections …

Stadiums May Test Fans’ Privacy Boundaries With Virus Prevention Technologies

The metal detectors every sports fan has become accustomed to at the gate might soon be accompanied by thermal body scanners as part of the gargantuan task of preventing the spread of the new coronavirus and other airborne diseases. And …

Sign Here First: Reopening Businesses Turn to Liability Waivers, Disclaimers

As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering. From hair salons and recreation centers to stock exchanges and wedding photographers, the notices have …