Mitchell Hartman, President Trump, Donald Trump discussed on Marketplace
Kimberly Adams. It's Monday, December the 28th good to have you with us. After several days of delay and a lot of back and forth, President Trump signed the $900 billion Covert 19 relief package. But the president's delay has caused a lot of confusion about how some of the elements of that relief package will be distributed. Marketplaces Hit Mitchell Hartman is here to help me explain I'm Mitchell. I can't really get to be here. So Mitchell by signing this on Sunday, the president let a couple of federal pandemic unemployment benefit programs expire briefly. Why is this one day gap such a big deal? Well, John. Most benefits are paid on a weekly basis. And when President Trump signed the relief bill yesterday this week had already begun. So it looks like none of the benefits could be given for the week when the bill actually became law and people were thinking that meant 20 million people would go without the federal jobless benefit extension and the benefit for gig workers and the $300 a week top up. Ernie Tudeski, an economist at Evercore IAS. I told me that could have been nine or $10 billion in lost relief just for this one week. Could have meant $10 billion. So what actually happened? Well, the rumor mill was chilling was turning that is to say, you know, many, maybe some of the states could figure out workarounds. Then this afternoon, the New Jersey Labor Department tweeted that no one in the two federal pandemic programs will lose a week a benefits, after all, because of guidance it got from the federal Labor Department and the Federal Labor Department didn't Answer our calls. Michelle Nevermore at the National Employment Law Project, says she's starting to see this today from other states as well. So marketplaces Mitchell Hartman. Thank you, but very quickly before I let you go, Mitchell, Um what does that mean for this week? Well, for this week, it looks like people will be able to simply ask for the benefit that they've been getting the technically did expire. And in addition, they should be starting to get the $300 a week benefit that everyone on unemployment is getting. It may take a couple weeks. We know the state systems aren't great at getting these benefits out, especially when they change, but everyone eventually should get back pay that they're entitled to. Thanks Mitchell and buried in that economic relief package is also an effort to address climate change. It's a plan to phase out a type of refrigerant that's in many home and industrial air conditioners. These chemicals are known as H F sees and by some measures they trapped far more heat in the atmosphere than CEO to marketplaces. Scott Tong reports on how this ended up in the big economic package. Whenever a polluting product it's phased out a cleaner one has to be sold by somebody. So now the refrigeration and air conditioning industry smells opportunity. This U. S policy syncs up with a global effort to move away from coolants known as hydrofluorocarbons or HFCs. The creates a global market for alternative appliances. Andrew Light is a senior fellow at the World Resource is Institute. Research group, The global market for refrigeration air conditioning units is going to grow like 4.5 times in the coming decades. That is if countries like China and India joined the phase out. Having it ratified an international agreement on this, and neither has the U. S. The incoming Biden administration wants to change that, as does the trade group, the Air conditioning, heating and refrigeration Institute. Here's the Institute's Samantha Slater, perhaps is the United States makes a move to do that. There are over 100, other countries who have already ratified so we feel perhaps we're a little bit behind and that will spur on some of the other. Major countries as well. This measure hits too sweet spots, the environment and jobs. Oh, Ben Lieberman at the Competitive Enterprise Institute finds it too good to be true, he says. Earth friendly coolants and a C units cost more. Losers in all of this will be homeowners, car owners as well as business owners, like restaurants and supermarkets and convenience stores that have a lot of refrigeration equipment. Transition to new cooling units would occur over nearly three decades. I'm Scott Tong for Marketplace. On Wall Street today. Traders seem to like that the relief package was finally getting done. We'll have the details when we do the numbers. Our lives have been flipped upside down this year, and so much has changed that it could be hard to keep up with it all. So for a few minutes, we're going to look back at what the past year has meant for women In this economy. We got ahold of Cherry belly. Cara's Ana. She covers the economy for the 19th news job, Ellie. Welcome to the program. Thank you so much for having me. How are women doing in this economy at the beginning of this year, pre pandemic in the before times Well, if we can pause and think back to the before times, which feel like several eons away from us. Right before this pandemic started in December of 2019 women surpassed men as the majority of the labor force for only the second time in history. The only other time I had happened was during the great recession when so many men lost their jobs, that women actually surpassed them. And so we had reached a point right before all this started where that happened again and that had happened naturally through So much growth that was taking place for women in the labor force where they got to that 50 50.4% just edging out men. And then what happened? Well, then what happened was the start of this country's first female recession. And what that meant was that the jobs that really went away this year the vast majority where jobs that were held by women, and that was unusual that had never happened. But this year we're looking at retail hospitality, the care fields. Those were the jobs that went away. And so that in about three months what we lost, we're about 11 million jobs held by women in this economy. On DeSoto. It started what we have when are still enduring to this day is this recession that has hit women so much harder than men? And there has been an enduring peace of this, which is the second part of it is this child care crisis that we are also living in? I want to come back to the childcare crisis in a moment, But a lot of your writing has highlighted the fact that In this first ever she session. It's hitting women of color particularly hard. Can you talk about what that trend has looked like Yeah, that has been, you know, one of the saddest parts of this entire experience. If we look at unemployment, for example, it's just one measure. But unemployment for women peaked around like 15 15.5%, But for Latinas, it hit 20.2%. For black women. It hit 16.5%. So much of that goes back to this occupational segregation that we talk about, sometimes where it's what are the fields that these folks are pushed into. And ultimately those fields are a lot of caregiving fields nursing health care. I mean, we we wrote a story recently about the first people who need to get vaccines across the country. We looked at every single state and in the vast majority two thirds you were looking at a woman and in most cases, you were looking at a woman of color. And so that I think spoke eons about these are the people who are most at risk. Can you talk about just this astronomical number of women leaving the workforce. Yeah, I think the Shocking number came to us in September when 865,000 women left the labor force and it was just so clear what had happened, You know school was back and school was back virtually And so you had all of these women who were at home and looking at this new school year they were just making a decision. And it was a difficult decision for a lot of women who said, I'm just going to quit my job. And care for my kids, because there's not there's no safety net for me right now..