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By David T. Stevenson
October 22, 2020
Delaware's beach economy is reeling from the impact of government-imposed lockdowns to flatten the curve of new infections and hospitalizations from COVID-19. The Rehoboth/Dewey Chamber of Commerce estimated in July, resort area hotel revenue was down 35% to 50%, and restaurants were down 75%. Just 76 respondents of the 1,200 members surveyed by the Chamber estimated revenue loss of over $200 million.
At $3 billion a year, beach tourism is Delaware's largest industry. Research suggests beach tourism could see that ki
By Dr. John Stapleford October 20, 2020 The U.S. Bureau of Labor Statistics (BLS) had released the "Employment Data" report by major industry through August 2020. It clearly shows that Delaware’s economy will not have a healthy recovery growth rate unless PHASE 3 gets introduced. Additionally, the data points out that DE's government (state, local, federal) has been less affected than DE's leisure and hospitality (restaurants) industries. "Delaware Total Employment"-...[read more]
By David T. Stevenson October 12, 2020 Governor Carney should be added to the US Attorney General’s list of states under investigation for sending COVID-19 positive patients back to long-term care facilities. Delaware had the eleventh highest death rate from COVID-19 per 1,000 residents in long-term health care facilities for states as of September 6th according to the US Centers for Medicare and Medicaid Services. At its peak in April and May, two-thirds of COVID-19 deaths in Delaware were in long term care facilities. This tragedy can be traced to Delaware Governor Carney’s April 15, 2020 State of Emerg...[read more]
By David T. Stevenson September 23, 2020 Delaware's Attorney General has filed a lawsuit against conventional energy companies, including Exxon Mobil, claiming they fraudulently covered up their contribution to manmade global warming. The suit is likely to meet the same fate as a similar lawsuit in New York that simply wasted taxpayer money. The New York Times reported the state Supreme Court judge dismissed the case calling the state's case "hyperbolic" after 4 years of investigation of millions of pages of documents. In introducing the Delaware case, Attorney General Kat...[read more]
Long term trends By Dr. John Stapleford July 23, 2020 With funding from the U.S. Economic Development Administration, management guru Michael Porter has compiled time series data on the economic performance of states, counties, and metropolitan areas. The clear data generally starts in 1998 and ends with the latest updates…typically 2018. After expressing the various measures of economic performance as growth rat...[read more]