What’s Happening in the News: April 13, 2020

As the pandemic drags on, governments and banks worldwide are taking drastic measures to keep economies afloat. Closer to home, though, the flowers are blooming and the grass is green and growing. And while Easter was definitely different this year, we hope it was happy for you and yours. On to this week’s links!

Money,

Congress passed the $2 trillion CARES Act in March to bolster the economy against the effects of the coronavirus. That’s a lot of money, but apparently it wasn’t enough: On April 9, the Federal Reserve announced a further $2.3 trillion to provide money that will help fund businesses, households and state and local governments. According to its press release, “The Federal Reserve remains committed to using its full range of tools to support the flow of credit to households and businesses to counter the economic impact of the coronavirus pandemic and promote a swift recovery once the disruptions abate.” And in case you were wondering (I was), Sarah Hansen at Forbes helps explain the difference between this latest stimulus package and the CARES Act.

Money…

Ahead of Congress passing CARES on March 27, the European Central Bank on March 18 announced its 750 billion-Euro Pandemic Emergency Purchase Programme. This program will allow the ECB to purchase private and public sector securities, expand the existing corporate sector purchase programme (CSPP), and relax the standards for collateral for institutions to qualify for refinancing.

and More Money.

And last Monday, the Japanese government rolled out a 108 trillion yen ($989 billion) relief package to help businesses and families get through the pandemic.

Recession or Progression?

We like to follow economic and housing trends here at Attainable Home, and we appreciated this calming article from Patrick Burgan over at the Vindicator. With 2008 fresh in our memories, it’s easy to panic about the value of your home plummeting because of the current recession. But historically, recessions haven’t always hurt the housing market. He notes (and we agree) that “Your home is still one of the best investments you can make, as it is one element that tends to grow in value even when everything around you seems to be falling.”

Who’s Hiring

Thousands of people have been laid off or let go from “non-essential” jobs as we try to flatten the curve in the U.S. On the other side of that, though, are companies who are facing more demand and are looking to hire. Glassdoor.com has a list of businesses that are adding employees, if you’re looking for a job.

See you next week!

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest
Share on email
Email
Share on reddit
Reddit
Share on print
Print
Share on google
Google+

Leave a comment

What’s Happening in the News: Early September, 2020

Whether you’re in the market for a charming fixer-upper, in need of mortgage help, adding solar or smart home technology to your house, or looking to change the world through your investments, there’s something for everyone in today’s roundup!

Read More »

Having an Attainable Home, at the end of the day, is an idea. An idea that everyone has the right and the chance to work hard, live comfortably, and have prosperity throughout their life, and we’re happy to say that it’s still possible.

Subscribe to our news & updates

Attainable Home's content is for educational and informational purposes only and should not be taken as professional legal or financial advice. If you feel you need advice, you must consult a professional licensed in the appropriate field. While we do our best to keep these updated, things can change sometimes. Our primary purpose is to help others by providing great content and resources, and we may also have relationships and sources listed on the website that may result in compensation to our company in some form, as our company needs to be financially sustainable by paying all authors well and supporting the online systems. All views and writing are also solely the opinions of the authors and may or may not fully represent the view of the company's.