Scott, of PAR, worries of a crisis in New Orleans, in particular. At the end of July, supercharged unemployment benefits of $600 a week on top of the state’s cap of $247 a week will end. Evictions have resumed after being suspended for months. The Paycheck Protection Program funds for many businesses are being exhausted, and the customer base for a significant chunk of New Orleans’ economy, tourists, have vanished.
“You could end up with both a financial crisis for government services and also a real struggle for the human condition,” Scott said.
Sunday, July 05, 2020
Just remember 2020 was the good year
After the current golden age ends it starts to get really dicey.
Labels:
economy,
Louisiana,
New Orleans
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