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Covid 19

Making billions v making ends meet: how the pandemic has split the US economy in two

https://www.theguardian.com/us-news/2020/aug/16/us-inequality-coronavirus-pandemic-unemployment

US billionaires’ wealth is soaring while millions remain unemployed, creating a country with two economies and increased inequality

It’s only a hundred miles from Manhattan to East Hampton but as the city swelters the Long Island town can seem a world away. Cool Atlantic breezes take the heat off long summer days spent on its miles of white, soft sand beaches. High-priced farm stands provide heirloom tomatoes, peaches and arugula to summer visitors and the mansions of the financial titans and the celebrities, including Beyoncé and Jay-Z, Julianne Moore and Robert Downey Jr, who summer there.

Nor does the coronavirus pandemic seem to have dampened the 1%’s enthusiasm for the Hamptons.

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