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The COVID-19 pandemic is one of the most devastating health emergencies in American history.

Health officials have confirmed more than 2.3 million cases, with over 122,000 of them fatal. As people were told to stay home and avoid going out and nonessential businesses were ordered to close, the American economy has been left devastated.

Some businesses were able to weather the economic fallout, but many were not. A May study from the National Bureau of Economic Research estimated that because of the pandemic over 100,000 small businesses permanently closed. Larger businesses were not immune to the effects, either. Some major American companies with hundreds of locations across the country have also struggled.

While small businesses may have to close their doors, larger businesses often decide to seek bankruptcy protection in the hopes of restructuring their debt and turning their companies around. While some succeed and exit bankruptcy better-positioned to compete in their industry, others do not and are liquidated. 24/7 Wall St. reviewed major companies that have filed, or are likely to file, for bankruptcy.

Companies in certain industries have been especially vulnerable to the economic effects of the pandemic: oil and gas companies had to contend with plunging oil prices as a result of both a lack of demand as people traveled less and a price war between Saudi Arabia and Russia; retailers were among the many nonessential businesses ordered to close; and as business travel and vacations were canceled, car rental businesses had few customers if any. These are the U.S. industries being devastated by the coronavirus.

As businesses had to contend with a lack of income, many were forced to furlough employees or permanently lay them off. The U.S. is now facing an unprecedented economic crisis, with over 45 million Americans filing for unemployment benefits since mid-March. Some states that are especially reliant on hard-hit industries were hit much harder than others, leading to much higher unemployment rates in these states. These are every state's unemployment claims since COVID-19 shut the economy down.

Click through the slideshow above to see the American businesses that might not survive the pandemic.

News Source: msn.com

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Steelers E mail Reveals Plan for Video games at Heinz Subject


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The Pittsburgh Steelers confirmed yesterday that they’re planning to host followers at Heinz Subject through the 2020 season.

In an e mail despatched to season ticket holders, the Steelers suggested that they “are working with public well being officers and the NFL on plans for followers to soundly attend the video games…. We anticipate that we’ll be working with a lowered capability situation and that followers might be required to put on masks.”

The e-mail additionally advises season ticket holders that they’ve the choice to use for a full refund for the 2020 season “whereas nonetheless retaining the power to resume your season ticket location in 2021….”

As if to strengthen the above-referenced message, Steelers director of communications Burt Lauten went on to challenge a press release that stated, partially: “Our purpose is to nonetheless have followers at Heinz Subject this yr with the understanding that social distancing in addition to all followers being required to put on masks will play a task within the capability to make sure a secure ambiance.”

In Might, the group revealed that it will solely promote half of its particular person sport ticket stock, anticipating that social distancing would doubtless be a part of any plan to attempt to make sure fan security.

What number of followers might be permitted at Heinz Subject this season? It’s too quickly to say, but it surely’s price noting that the Baltimore Ravens have already introduced that they plan to restrict crowds at M&T Financial institution Stadium to 14,000 individuals or fewer, assuming followers are allowed to attend video games in any respect.

Pittsburgh Steelers 2020 Preseason Schedule

Yesterday’s e mail additionally revealed that “the NFL is considering adjustments to the workforce’s preseason schedule, which can embrace cancelled video games. As soon as these plans develop into last, we are going to talk them to you, and you’ll obtain a refund for any preseason video games which might be cancelled.”

Final week it was reported that the NFL plans to cancel half of the scheduled preseason video games, with Pittsburgh’s house sport in opposition to Tom Brady and the Tampa Bay Buccaneers anticipated to be among the many video games eradicated.

Pittsburgh’s common season opener is scheduled to happen on Monday Sept. 14 in opposition to the New York Giants at MetLife Stadium in New Jersey. The house opener might be six days later—at Heinz Subject vs. the Denver Broncos.

Observe the Heavy on Steelers Fb web page for the newest breaking information, rumors and content material!

Coaching Camp at Heinz Subject

In the meantime, the Steelers nonetheless plan to carry coaching camp at Heinz Subject.

The NFL has additionally stated that it will like groups to carry two fan-attended occasions at coaching camp, which would offer the chance to check and refine safety-oriented procedures and protocols forward of any preseason and common season video games.

Will probably be the primary time since 1966 that Steelers coaching camp might be held away from Saint Vincent Faculty in Latrobe, Pa.

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