“I’ve never, in my 45 years here, I’ve seen as much despair and hopelessness as I see right now,” Pfleger said.
He said protests have resulted in more distrust of police, and police said there is less cooperation solving cases.
Many things are taking place:
Greece says pandemic to worsen long-term economic problems
In a 210-page report published Monday, the Bank of Greece said its main forecast for 2020 is for an economic contraction of 5.8% followed by a recovery of 5.6% next year and 3.7% in 2022. But if there is a second wave of COVID-19 and the economy does worse, GDP could shrink 9.4% in 2020.
The Bank of Greece said it expects a major drop in tourism revenue which topped 18 billion euros ($20.3 billion), about 10% of the country's annual output.
Pending Home Sales Soared 44% In May, More Than Double What Economists Were Expecting
A "For Sale by Owner" sign is posted in front of property in Monterey Park, California on April 29, ... [+] 2020.
Pending home sales are a measure of signed contracts for home sales that have not yet been completed; they're used as an indicator of how many buyers initiated new sales during a given month.
May's gains are the highest month-to-month since the National Association of Realtors started tracking the data in January 2001.
Eurozone economic sentiment sees record gain - MarketWatch
Eurozone businesses and consumers regained some of their lost optimism in June as lockdowns designed to contain the novel coronavirus were eased further.
The European Commission Monday said its Economic Sentiment Indicator--an aggregate measure of business and household confidence--rose to 75.7 from 67.5 in May.
That was the largest month-to-month rise on record, and followed a more modest rebound in May. However, the measure remains much lower than the 103.4 level recorded in February, the month before lockdowns became widespread.
Not to change the topic here:
ECB could boost bond buying by another trillion euros, economist projects
The European Central Bank (ECB) could expand its bond-buying program by a further 1 trillion euros ($1.12 trillion) over the next two to three years as inflation takes center stage, according to Berenberg European Economist Florian Hense.
The central bank earlier this month increased its Pandemic Emergency Purchase Programme (PEPP) by 600 billion euros to a total of 1.35 trillion euros in a bid to shore up the economy against the fallout from the coronavirus pandemic.
Coronavirus worsens Cuba′s economic woes | Business| Economy and finance news from a German
Cuba seems to have the pandemic under control, but its already dismal economy is set to weaken further. Supply shortages are becoming more acute; plummeting foreign remittances and a lack of tourism aren't helping.
* * *
That sense of precariousness could soon worsen. "The Cuban economy already had serious problems meeting its external payment obligations before Corona," says economist Ricardo Torres Perez of the Center for the Study of the Cuban Economy (CEEC) at the University of Havana.
Another coronavirus-driven economic dip may need new policy ideas - Axios
The economic progress made by the U.S. over the last month is slowly falling apart. Three of the four most populous states in the country are seeing notable increases in confirmed cases of COVID-19, business activity is contracting, consumer confidence is retreating, bankruptcy filings are rising, and the stock market is falling.
Why it matters: Even before governors in various states announced new bar and restaurant restrictions on Friday, "high frequency data on service sector activity suggests businesses and consumers may already be responding to the surge in new cases," economists at asset manager Nomura wrote in a note to clients.
Donors urged to dig deep as economic chaos, virus hit Syria
BRUSSELS (AP) — Aid organizations on Monday made a plea for world leaders to boost financial support to conflict-torn Syria where around 11 million people are in need of humanitarian assistance, on the eve of a major donor conference hosted by the European Union.
Syria's struggling economy has sharply deteriorated recently. Prices have soared and the national currency, the Syrian pound, has collapsed, partly due to fears that international sanctions would further isolate the country. Farmers desperately need funds to prepare next year's crops.
Happening on Twitter
Party's over for Seattle's CHOP zone. City leaders say the authorities are going to reclaim the police-free precin… https://t.co/hp7uTjgHdj RT_com Wed Jun 24 20:40:00 +0000 2020
Many Seattle residents including this woman say they no longer feel safe on Capitol Hill in Seattle. They're beggin… https://t.co/kAHQ4nauPd MattLorchQ13Fox (from Seattle) Tue Jun 23 00:08:58 +0000 2020
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