#803,000 filed amid COVID-19 surge

#803,000 filed amid COVID-19 surge

“#803,000 filed amid COVID-19 surge” American workers filed 803,000 applications for jobless benefits last week, an unexpected decrease as the coronavirus kept the labor market under pressure, the feds said Wednesday. The latest batch of initial jobless claims brought the total reported during the COVID-19 pandemic to about 72.2 million — equivalent to roughly 45 percent…

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#Ted Cruz’s lame asylum-ban logic and other commentary

#Ted Cruz’s lame asylum-ban logic and other commentary

“#Ted Cruz’s lame asylum-ban logic and other commentary” Libertarian: Cruz’s Lame Asylum-Ban Logic Sen. Ted Cruz offered a “weak” rationale for his surprise move to block a bill to grant “political asylum to residents of Hong Kong fleeing China’s increasingly oppressive rule,” notes Ilya Somin at The Volokh Conspiracy: a claim that it would make…

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#When will the second stimulus checks arrive? What we know

#When will the second stimulus checks arrive? What we know

“#When will the second stimulus checks arrive? What we know” After nearly nine months and seemingly endless negotiations in Washington, millions of Americans could soon get a second stimulus check. Congressional leaders unveiled a roughly $900 billion stimulus deal on Sunday that calls for another round of direct payments to help Americans get through the…

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#Ex-Goldman Sachs exec warns of wealth gap ‘revolution’

#Ex-Goldman Sachs exec warns of wealth gap ‘revolution’

“#Ex-Goldman Sachs exec warns of wealth gap ‘revolution’” One Wall Street power player is urging his fellow one-percenters to help close the growing wealth gap — or risk staring down pitchforks and guillotines. Ex-Goldman Sachs chief financial officer Marty Chavez sounded off on income inequality during an interview with financial news site The Business of…

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#Europe approves stimulus in response to lockdowns hurting businesses

#Europe approves stimulus in response to lockdowns hurting businesses

“#Europe approves stimulus in response to lockdowns hurting businesses” FRANKFURT, Germany — The European Central Bank unleashed another half-trillion euro ($600 billion) wave of stimulus as a winter surge in COVID-19 infections shuts down large parts of the economy and wipes out pre-Christmas sales revenue ahead of the region’s most important holiday. The 25-member governing…

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#What Canada’s economic recovery might look like

#What Canada’s economic recovery might look like

“#What Canada’s economic recovery might look like” How does Canada come back from its massive pandemic deficit? Depends who you tax. With its seemingly unending pandemic spending, the federal government is heading toward a major deficit. Finance Minister Chrystia Freeland hasn’t announced any fiscal targets, but estimates put the shortfall as high as $343 billion….

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