Pushed by Pandemic, Amazon Goes on a Hiring Spree Without Equal

The company has added 427,300 employees in 10 months, bringing its global work force to more than 1.2 million.

#amazon-com-inc, #computers-and-the-internet, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #delivery-services, #e-commerce, #hiring-and-promotion, #labor-and-jobs, #recession-and-depression, #shopping-and-retail, #wages-and-salaries, #workplace-hazards-and-violations

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Even in a Pandemic, the Billionaires Are Winning

While many Americans suffered, the richest among us kept getting richer.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #high-net-worth-individuals, #income-inequality, #recession-and-depression, #united-states-economy

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Pandemic’s Fiscal Toll on New York City: 5 Takeaways

The city is already facing a nearly $4 billion budget gap next year, as recovery efforts from the coronavirus are hampered by evidence of a second wave.

#budgets-and-budgeting, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #de-blasio-bill, #layoffs-and-job-reductions, #new-york-city

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Cabinet Picks, Michigan Vote, Vaccines: Your Monday Evening Briefing

Here’s what you need to know at the end of the day.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings

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Biden Team, Pushing Quick Stimulus Deal, Prepares for Renewed Recession

Economists warn that lawmakers must pass aid now, as a renewed coronavirus surge chills consumer spending and business activity.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-budget-us, #house-of-representatives, #labor-and-jobs, #law-and-legislation, #presidential-transition-us, #recession-and-depression, #republican-party, #senate, #small-business, #stimulus-economic, #unemployment, #united-states-economy, #united-states-politics-and-government

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Mnuchin’s Inglorious Endgame

The Trump administration’s abrupt decision to curtail the Federal Reserve’s emergency lending programs is a gamble with no upside.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #mnuchin-steven-t, #presidential-election-of-2020, #presidential-transition-us, #stimulus-economic, #treasury-department, #united-states-economy, #united-states-politics-and-government

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Economic Policy Has Become a Partisan Game. That Could Do Long-Term Harm.

Mnuchin’s move and Shelton’s near-confirmation suggest a future of greater risks each time party control changes.

#appointments-and-executive-changes, #coronavirus-aid-relief-and-economic-security-act-2020, #economic-conditions-and-trends, #federal-reserve-system, #mnuchin-steven-t, #shelton-judy, #stimulus-economic, #united-states-economy

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How Steve Mnuchin Snubbed Joe Biden

He terminated emergency-lending programs that will limit the new administration’s options — and upset the Federal Reserve, too.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-reserve-system, #senate, #stimulus-economic, #treasury-department, #trump-donald-j, #united-states-economy

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Unemployment Claims Rise as Economic Worries Grow

With coronavirus cases increasing again in the United States, the “fragility of the recovery” is in jeopardy, one economist said.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

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Subway Service Could Be Cut 40% if No Federal Aid Arrives

On Wednesday, transit officials announced some new details of proposed service cuts, including slashing weekend service and eliminating bus lines, to address its multibillion-dollar budget hole.

#budgets-and-budgeting, #buses, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #foran-robert-e, #mckinseyco, #metropolitan-transportation-authority, #stimulus-economic, #subways, #transit-systems, #transit-workers-union, #tri-state-transportation-campaign

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State and City Governments Are Too Big to Fail

Together, they employ about 23 million essential workers. But the pandemic has pushed them to the brink. President-elect Biden needs to step in now.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #house-of-representatives, #metropolitan-transportation-authority, #new-york-city, #new-york-state, #politics-and-government, #property-taxes, #real-estate-commercial, #states-us, #stimulus-economic, #united-states-politics-and-government

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Inequality, Georgia, Iran: Your Tuesday Evening Briefing

Here’s what you need to know at the end of the day.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings

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Biden on Trump, Covid-19: ‘More People May Die Because of Transition Delay’

Adopting a graver tone, the president-elect said that President Trump’s refusal to authorize a transition could have deadly consequences.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #harris-kamala-d, #obrien-robert-c-1952, #presidential-election-of-2020, #presidential-transition-us, #republican-party, #trump-donald-j, #united-states-politics-and-government, #vaccination-and-immunization

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‘More People May Die’ Because of Trump’s Transition Delay, Biden Says

Adopting a graver tone, the president-elect said that President Trump’s refusal to authorize a transition could have deadly consequences.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #harris-kamala-d, #obrien-robert-c-1952, #presidential-election-of-2020, #presidential-transition-us, #republican-party, #trump-donald-j, #united-states-politics-and-government, #vaccination-and-immunization

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Vaccine, Biden, Arctic Oil: Your Monday Evening Briefing

Here’s what you need to know at the end of the day.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings

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Doctors Are Calling It Quits

Thousands of medical practices are closing, as doctors and nurses decide to retire early or shift to less intense jobs.

#american-medical-assn, #anxiety-and-stress, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #doctors, #protective-clothing-and-gear, #shutdowns-institutional, #telemedicine, #your-feed-healthcare

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This Coronavirus Surge Does Not Have to Be So Horrific

America is entering a difficult period. But the outcome is not foregone.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #deaths-fatalities, #disease-rates, #quarantines, #shutdowns-institutional, #stimulus-economic, #trump-donald-j, #united-states

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Economic Demands Test Biden Even Before Inauguration

With the recovery slowing and coronavirus cases surging, Democrats must decide whether quick action on federal aid is more important than its scale.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-aid-us, #house-of-representatives, #recession-and-depression, #republican-party, #senate, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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Economic Risks Are High as Chances for Quick Stimulus Narrow

The Federal Reserve chief warned that a vaccine was still too uncertain to count on, and lawmakers signaled that more support was not imminent.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #lagarde-christine, #law-and-legislation, #mcconnell-mitch, #powell-jerome-h, #senate, #stimulus-economic, #unemployment, #united-states-economy

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Biden’s Policy Agenda Rests Heavily on Senate Outcome

Which party controls the Senate will largely dictate how ambitious President-elect Joe Biden can get on taxes, health care, climate change and other policy priorities.

#coronavirus-aid-relief-and-economic-security-act-2020, #elections-house-of-representatives, #elections-senate, #federal-taxes-us, #government-contracts-and-procurement, #high-net-worth-individuals, #presidential-election-of-2020, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Unemployment Benefit Cutoff Looms for Millions at Year’s End

Emergency federal programs to assist the unemployed in the pandemic will expire at year’s end if there is no congressional action.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Federal Reserve’s Emergency Loan Programs at Center of Political Fight

Democrats are eyeing the programs as a backup option if they can’t strike a deal to aid states and localities, and believe they may be needed to backstop markets. Republicans want them off the table.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #democratic-party, #federal-reserve-system, #mnuchin-steven-t, #municipal-bonds, #powell-jerome-h, #presidential-election-of-2020, #republican-party, #stimulus-economic, #treasury-department, #united-states-economy, #united-states-politics-and-government

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Mitch McConnell, Vaccine, Stock Market: Your Monday Evening Briefing

Here’s what you need to know at the end of the day.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings

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While the Pandemic Wrecked Some Businesses, Others Did Fine. Even Great.

Third-quarter financial results suggest that strong companies have gotten stronger and that some others are in dire straits.

#airlines-and-airplanes, #automobiles, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #recession-and-depression, #restaurants, #shutdowns-institutional, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #travel-and-vacations, #united-states-economy

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What Biden’s Win Could Mean for New York: 5 Takeaways

A Biden presidency could bring more recovery funds to the city and boost plans to build a new rail tunnel under the Hudson River.

#biden-joseph-r-jr, #coronavirus-aid-relief-and-economic-security-act-2020, #illegal-immigration, #infrastructure-public-works, #new-york-city, #presidential-election-of-2020, #stimulus-economic

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In a Divided Washington, Biden Could Still Exert Economic Power

If Republicans control the Senate, a Biden administration could take a cue from President Trump and find ways to act unilaterally on some economic issues.

#biden-joseph-r-jr, #consumer-financial-protection-bureau, #cordray-richard, #coronavirus-aid-relief-and-economic-security-act-2020, #corporate-taxes, #federal-reserve-system, #federal-taxes-us, #international-trade-and-world-market, #kraninger-kathy, #minimum-wage, #presidential-election-of-2020, #quarles-randal-k, #regulation-and-deregulation-of-industry, #stimulus-economic, #student-loans, #tiktok-bytedance, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #wechat-mobile-app

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How a Quick Stimulus Has an Increased Chance in Divided Government

Congressional leaders and business groups are raising the possibility of new economic aid from Congress in the lame-duck session.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #elections-house-of-representatives, #elections-senate, #federal-aid-us, #house-of-representatives, #law-and-legislation, #presidential-election-of-2020, #senate, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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Federal Reserve Meets Amid Major Uncertainties

The Fed will release its latest policy statement on Thursday, sandwiched between an undecided election and the October jobs report.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #interest-rates, #labor-and-jobs, #presidential-election-of-2020, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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How Do You Know When Society Is About to Fall Apart?

Meet the scholars who study civilizational collapse.

#archaeology-and-anthropology, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #income-inequality, #united-states, #united-states-economy

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Election Eve, Polls, W.H.O.: Your Monday Evening Briefing

Here’s what you need to know at the end of the day.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings

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Yes, We Liked the Berkshires Shows. Here’s $2 Million.

This summer, a woman went to outdoor shows at two beloved theaters in Massachusetts. She and her brother are now helping them to cover their costs and survive this winter.

#barrington-stage-co, #berkshire-theater-group, #boyd-julianne, #coronavirus-aid-relief-and-economic-security-act-2020, #maguire-kate-theater-director, #theater

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‘It’s Going Away’: A Small Movie Theater Struggles to Survive

The pandemic has staggered the industry and left independent operations like the Park Plaza Cinema in Hilton Head Island, S.C., fighting to stay afloat.

#coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings, #movies, #quarantine-life-and-culture, #small-business

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Recession’s Silver Lining: American Households Are Doing Better Than Expected

With few avenues for spending and big purchases on hold, many Americans are saving more and paying off debts, helped by loan deferrals and relief aid.

#coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #credit-cards, #credit-scores, #fair-isaac-corporation, #layoffs-and-job-reductions, #personal-finances, #recession-and-depression, #savings, #stimulus-economic, #united-states-economy

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Supreme Court, Election 2020, U.S. Virus Surge: Your Monday Evening Briefing

Here’s what you need to know at the end of the day.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings

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Kodak Loan Debacle Puts a New Agency in the Hot Seat

A stumbling effort to prop up the domestic generic drugs sector underscores the challenges of a Trump administration industrial policy.

#coronavirus-aid-relief-and-economic-security-act-2020, #drugs-pharmaceuticals, #executive-orders-and-memorandums, #factories-and-manufacturing, #insider-trading, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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As Time Runs Short, Optimism Fades for a Pre-Election Stimulus Deal

Speaker Nancy Pelosi said she was still optimistic about the chances for an agreement, but it would be up to President Trump when it came together. And time is all but up to cement a compromise before Nov. 3.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #mnuchin-steven-t, #pelosi-nancy, #presidential-election-of-2020, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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At Debate, Trump Presses Peculiar Hometown Strategy: Attack New York

President Trump called the city a “ghost town,” and he has often depicted it as a lawless zone, apparently in an effort to appeal to his base.

#coronavirus-aid-relief-and-economic-security-act-2020, #new-york-city, #politics-and-government, #presidential-election-of-2020, #trump-donald-j

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The Fed’s $4 Trillion Lifeline Never Materialized. Here’s Why.

The Federal Reserve was meant to take $454 billion and drastically expand it. So far, it has lent $20 billion.

#banking-and-financial-institutions, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-aid-us, #federal-budget-us, #federal-reserve-system, #house-of-representatives, #interest-rates, #local-government, #mnuchin-steven-t, #regulation-and-deregulation-of-industry, #senate, #stocks-and-bonds, #treasury-department, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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McConnell Moves to Head Off Stimulus Deal as Pelosi Reports Progress

The top Senate Republican told colleagues that he had advised the White House against striking a pre-election deal with Democrats to deliver pandemic aid, fearing political repercussions.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #mcconnell-mitch, #mnuchin-steven-t, #pelosi-nancy, #republican-party, #senate, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Stimulus Deal: Pelosi Reports Progress as McConnell is Against Proposal

The top Senate Republican told colleagues that he had advised the White House against striking a pre-election deal with Democrats to deliver pandemic aid, fearing political repercussions.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #mcconnell-mitch, #mnuchin-steven-t, #pelosi-nancy, #republican-party, #senate, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Voters Prefer Biden Over Trump on Almost All Major Issues, Poll Shows

Joe Biden leads President Trump, 50 percent to 41 percent, a New York Times/Siena College poll shows, with voters favoring him by wide margins on the coronavirus and law and order.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #polls-and-public-opinion, #presidential-election-of-2020, #trump-donald-j, #united-states-politics-and-government, #voting-and-voters

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Fauci, Voter Registration, Immigration: Your Monday Evening Briefing

Here’s what you need to know at the end of the day.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings

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Fearing a ‘Blood Bath,’ Republican Senators Begin to Edge Away From Trump

The statements offer an answer to the question of when Republicans might begin to repudiate the president after years of embracing him: the moment they believed he threatened their own political survival.

#barrett-amy-coney, #coronavirus-aid-relief-and-economic-security-act-2020, #cruz-ted, #elections-senate, #graham-lindsey, #presidential-election-of-2020, #republican-party, #sasse-benjamin-e, #senate, #stimulus-economic, #trump-donald-j, #united-states-politics-and-government

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White House Opposes Expanded Coronavirus Testing, Complicating Stimulus Talks

Some administration officials say testing Americans with no symptoms of the coronavirus would hurt the economy and restrict civil liberties. Democrats and some prominent experts say it would slow the virus and bolster economic growth.

#atlas-scott-w, #birx-deborah-l, #centers-for-disease-control-and-prevention, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #mnuchin-steven-t, #redfield-robert-r, #republican-party, #stimulus-economic, #tests-medical, #trump-donald-j, #united-states-economy, #white-house-coronavirus-outbreak-2020

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Unemployed Workers Built Up Some Savings. Then the $600 Stimulus Checks Stopped

Anonymized bank data shows what happened next, as balances shrank and hopes dimmed for action from Washington.

#coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #labor-and-jobs, #savings, #unemployment, #united-states-economy

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Jobless Workers Built Up Some Savings. Then the $600 Checks Stopped.

Anonymized bank data shows what happened next, as balances shrank and hopes dimmed for action from Washington.

#coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #labor-and-jobs, #savings, #unemployment, #united-states-economy

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Republicans Clash on Stimulus Package as Trump Says ‘Go Big’

The president said he wanted a much larger package than the $1.8 trillion measure under discussion. The top Senate Republican said his party could not accept a deal anywhere near that big.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #house-of-representatives, #law-and-legislation, #mcconnell-mitch, #mnuchin-steven-t, #pelosi-nancy, #republican-party, #senate, #stimulus-economic, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

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Unemployment Claims Rise Anew in Latest Sign of Economic Distress

Hopes for a rebound of the American economy have been clouded by layoffs, a surge in virus cases and a lack of fresh federal aid.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #labor-department-us, #states-us, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

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How United Airlines Is Trying to Plan Around a Pandemic

The airline has to figure out which planes to stash in the desert and which ones to park at airports without knowing when demand will recover.

#airlines-and-airplanes, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coronavirus-reopenings, #labor-and-jobs, #travel-and-vacations, #united-airlines

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8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up

Two new studies show the effect of the emergency $2 trillion package known as the Cares Act and what happened when the money ran out.

#columbia-university, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #poverty, #united-states-economy, #united-states-politics-and-government, #university-of-chicago, #university-of-notre-dame

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