The 2021 MLS season has begun, the first with 27 teams as Austin FC joins the league. As the league continues to grow and expand the influence of soccer in North America, the amount of storylines to follow expands as well. With the 2020 season having a major delay due to the COVID-19 pandemic, it has only been a few months since the last game ended, however the league’s news cycle did not stop in the offseason.
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Back in March of 2020 when the lockdown to help to stop the spread of COVID-19 began, the air travel industry was among the hardest hit. Now, with summer travel quickly approaching, what are airlines doing to bounce back from their historic lows of the past year?
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In response to COVID-19, the United States had to implement measures to slow the spread of the virus such as social distancing and a partial economic shutdown, actions which have had a major impact on the U.S. economy, including people’s livelihoods and jobs. The immediate effects that the pandemic has had on the U.S. labor market have been evident in both the unemployment rate and payroll employment numbers. In the early months of the pandemic, the unemployment rate soared, peaking at 14.7% in April 2020, the highest point since the Great Depression. More than 20 million jobs were lost in April as well, which was a record number of jobs lost in a period of one month.
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The COVID-19 pandemic has impacted several different companies and industries in various ways. Some industries boomed throughout the year, and some are still struggling to maintain themselves. However, the effect of the pandemic on each company and industry has also had a unique effect on the recruitment of each sector.
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To fund his $2 trillion infrastructure plan, President Joe Biden has proposed to raise the corporate tax to 28%. According to the New York Times, corporations will be required to pay fifteen years of taxes at the 28% rate. This is an increase from President Trump’s previous tax cuts, which decreased the corporate tax from 35% to 21%. Not all companies will be taxed the same amount, however.
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Coach is back and ready to dominate the handbag industry. The famous leather handbag brand fell out of style as the trends of the early 2000s began to die, but now that there is a revival of Y2K fashion, Coach has completely rebranded itself to fit into the wants and needs of 2021 fashion.
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Hybrid and electric vehicles hit a stumbling block as 2020 brought annual growth of the industry below zero to -4%. In a year defined by the pandemic and economic shutdowns, it is no surprise that a rapidly growing industry would falter.
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If the pandemic was good for one thing it was catching up and binging on all that content you previously put off. By the end of 2020, streaming subscriptions rose to about 1.1 billion, according to the Motion Picture Association on Thursday.
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The US economy is booming, adding nearly 1 million jobs last month, bringing the unemployment rate down to 6%. Goldman Sachs has bumped up its estimate for the US’s 2021 GDP growth to 10%. If true, the US would replace China as the world’s primary driver of economic growth this year.
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In the latest pivot during the COVID-19 pandemic, companies have been testing the waters when it comes to advertising and marketing efforts that encourage consumers to get the COVID-19 vaccine.
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