Weekly Digest 5/15/20
Happy Friday, May 15th!
Hope you all had a great Week 6. Please find below our SWS-curated round-up of interesting articles, resources, information, and opportunities related to real world finance that may be useful to you!
This New York Times article discusses the recent bankruptcy filings of retailers like Neiman Marcus and J. Crew. The article illustrates the role of Private Equity in the Retail industry and how Private Equity firms introduced enormous debt burdens to retailers from leveraged buyouts.
Check out this article on how COVID-19 is disrupting globalization by slowing the flow of people, trade, and capital. The article addresses how globalization was previously disrupted by trade wars but claims the magnitude of disruption that will be caused by the pandemic and its aftermath is unprecedented.
This article explores how Big Tech like Amazon, Facebook, and YouTube could emerge stronger than ever after the coronavirus pandemic. For example, Amazon claims it was hiring 100,000 warehouse workers to meet demand, and Microsoft’s software for online collaboration “climbed nearly 40 percent in a week.”
On May 12th, House Democrats released their proposal for a fourth relief package of $3 trillion. This proposal includes $10 billion for small businesses, $500 billion for state governments, $375 billion for local governments, and $75 billion in housing assistance.
With increased government spending, this article reports on the record U.S. budget deficit that totaled $738 billion in April.
Enjoy the weekend!
Cheers,
The SWS Exec Team