On top of that, congressional talks about a new round of stimulus have stalled. For most people the $1,200 stimulus cheques handed out in March have long gone. Most of the $1.6tn in the so-called Cares Act, which paid for expanded unemployment benefits, forgivable business loans and cash payments for households, hospitals, cities and states, had gone by June, according to an analysis by the Wall Street Journal. … [Read more...] about For most Americans the crisis is far from over whatever the GDP numbers may say
Economics
Coronavirus quarantine: only one in four Americans can work from home
After finance, those working in professional and business services were most likely to say they could work from home (53%) followed by information (also 53%). The industries where workers found it most difficult to work from home were leisure and hospitality (just 9% of whom were able to work from home), as well as agriculture, forestry, fishing and hunting (11%). … [Read more...] about Coronavirus quarantine: only one in four Americans can work from home
RICHARD LITTLEJOHN: So here it is Merry Christmas, nobody’s having fun
The money-spinning public speaking circuit has always baffled me. Why would corporations pay good money to hear platitudes and cliches trotted out by former politicians? It's reported that Mother Theresa, one of the least-inspiring public speakers ever, can command fees of up to £150,000 a pop for half an hour on her hind legs. Sorry, but I've heard just about everything she has to say and, frankly, I wouldn't give her tuppence. … [Read more...] about RICHARD LITTLEJOHN: So here it is Merry Christmas, nobody’s having fun
‘She did go to college, right?’ Donald Trump mocks Alexandria Ocasio-Cortez at Pennsylvania rally over the cost of her environmental proposals
On Monday, talking about her environmental proposals, which Joe Biden is partially incorporating into his own plan, Trump again repeated the figure of $100 trillion to estimate how much the Green New Deal would cost - a figure the Democrats say not accurate. … [Read more...] about ‘She did go to college, right?’ Donald Trump mocks Alexandria Ocasio-Cortez at Pennsylvania rally over the cost of her environmental proposals
Uber, Lyft and Airbnb cut thousands of jobs as pandemic batters Silicon Valley
Uber is attempting to make more cost-cutting measures. Dara Khosrowshahi, its chief executive, said he would forgo his own salary for the rest of the year and the company would re-evaluate investments in new products. It will also permanently close 180, or 40%, of its driver resource centers around the world. … [Read more...] about Uber, Lyft and Airbnb cut thousands of jobs as pandemic batters Silicon Valley
