The Cornell Daily Sun (https://cornellsun.com/tag/economy/)
“Unemployment insurance is only a partial replacement for lost wages; if the worker doesn’t make a living wage to begin with, unemployment isn’t nearly enough.”
Carriage House Cafe, John Thomas Steakhouse and Ten Forward Cafe. These are just a few of Ithaca’s restaurants forced into early closings by the COVID-19 pandemic. Suddenly, Ithaca business owners had to reevaluate as they faced massive losses in revenue; as it is estimated that Cornell students spend around $4 million every week in Ithaca, the loss of this steady income took its toll. Yet as Cornell students begin to interact with the greater Ithaca community once again, how are local restaurateurs reacting to our return? Is it a welcome change to have the students back in town once again, or has our arrival made some Ithaca business owners’ jobs even harder?
“The roiling U.S. labor market was already in a transitional outlook pre-pandemic as a result of external forces,” Israel said.
Bleak. Miserable. Chaotic. These words best describe the current state of what has become the worst American economy in recent memory, according to three Cornell professors.
Two ILR professors hosted a Zoom call to discuss the impacts of COVID-19 on the job market and inequality.
“America is a lot more than taxes and China,” said Isabelle De Brabanter ’19, president of Cornell Democrats.
“In the last decade, China’s economic growth has been nothing short of extraordinary, and the international influence of the Renminbi has risen significantly,” he said.
Slavery had a crucial, but often overlooked effect on rise of Western capitalism, argued Prof. Edward Baptist, history, at a talk Thursday at the Center for Intercultural Dialogue.
It’s okay if you don’t know the difference between quantum computer and a flux capacitor. Even if quantum computing seems complicated, its implications are easy to understand. Although they sound like something out of a sci-fi novel, these things are going to change the world. Quantum computers are going to revolutionize our ability to predict complicated phenomena. Quantum computers are good at modeling complicated things because they exploit quantum uncertainty, the principle that an electron can be in two states at once.
Zach Biegun ’11 is not your typical Cornell student. He does not really like to drink or go out. He is 24 years old. He postponed college for three and a half years to pursue his passion in ballet. He is the 12th person in his family to attend Cornell: His sister majored in anthropology, his brother in mechanical engineering, his mother in art history and his grandfather in animal food science. He works two jobs, as a yoga instructor in Helen Newman and as an Emergency Medical Technician in Boston on weekends. Oh, and he’s homeless.[img_assist|nid=37911|title=No direction home|desc=Zachary Biegun ’11 stands outside his tent where he often sleeps this semester. On Monday night he camped out behind the Africana Center.|link=node|align=left|width=336|height=224]