Thanks to privatization, Iran‘s stock market has resisted the economic pressures of falling oil prices, the coronavirus, and U.S. sanctions. But many see a financial bubble waiting to burst.
Christie‘s auction house plans to sell a Picasso painting to raise money to provide villagers in three African countries with water. An art dealer says, Picasso would approve. "He wanted to be helpful to everybody."
A steep downturn in the private sector is poised to cause big job losses in state and local governments. Relief could come from Congress.
Schools had already been facing financial issues, but the coronavirus crisis is hastening decisions on delivery of classes and whether to stay open.