35 Burst results for "Economic Pain"

India Reports More Than 145,000 New COVID-19 Cases in One Day

NEWS 88.7 Programming

01:05 min | Last week

India Reports More Than 145,000 New COVID-19 Cases in One Day

"Among those countries seeing a surge confirming a record number of new Corona virus infections more than 145,000 new cases in one day. Mumbai has been put under lockdown as NPR's Lauren Frayer reports here in Mumbai where cases are among the highest. A curfew is in place and you're only allowed to go out for essentials, food and medicine. But factories are still open and Busses and trains are still running. In other parts of India state elections are underway and voters are crowding into polling stations. India is now where the corona virus is spreading. Fastest hospital ICUs are filling up. But authorities are trying to avoid the economic pain and even starvation. That happened under total lockdown last spring, India's the world's biggest vaccine producer, But even it has shortages now, and some vaccination centers have closed. India has administered nearly 100 million shots so far. But that's still a tiny fraction of the country's 1.4 billion people. Lauren Frayer NPR news Mumbai The

Lauren Frayer Mumbai India NPR
Lawmakers Debate Biden's $1.9 Trillion COVID-19 Relief Plan

NPR's Business Story of the Day

03:50 min | 2 months ago

Lawmakers Debate Biden's $1.9 Trillion COVID-19 Relief Plan

"The right amount of money to get americans through a few more months of the pandemic president biden is hoping that congress approves covid relief. Now that they're done with impeachment. A lot of the money would finance payments to americans. Fourteen hundred dollars for most people city states and schools would also get some money earlier this month. The white house economic adviser. Jared bernstein said people need it all. We have to hit back hard. We have to hit back strong. If we're going to finally put this dual crisis of the pandemic the economic pain that it is engendered behind us as you may have heard. The administration is asking congress in total for one point nine to really dollars. It politely turned down a call by some republican senators to spend less but economists still have questions about the price tag. So let's talk this through with npr chief. Economics correspondent scott. Horsely morning. good morning steve. Why would there be doubt about one point nine trillion. It is that price tag one of the most prominent critics is larry summers. Who was treasury secretary. In the clinton administration he was also an economic advisor to former president. Obama summers told. Npr's we edition. It is important for the government to go big but maybe he says not this big. If your bathtub isn't fall you turn the faucet on but that doesn't mean you turn it on as hard as you can and as long as you can. The question isn't whether we need bake stimulus. The question is whether we need the biggest stimulus in american history summers whereas spending this much money on short term relief would make it harder for the administration to the kind of long term investments. That it wants to and things like infrastructure. He's also worried that a rescue package. This big could overheat the economy and trigger something. We haven't seen in a long time. Steve inflation well. How worried if it all is the administration about inflation. The administration is a lot more worried about the people who've lost jobs in about the parents who can't work because their kids are in school The latest congressional forecasts predict. It will be twenty twenty four before we get back all the jobs that were lost last year and the administration says that's not good enough treasury secretary. Janet yellen told cnn. She thinks the us could be back full employment next year. If congress passes the president's rescue plan and keep in mind Yellen used to be the chair of the federal reserve where inflation was a big part of her responsibility. I've spent many years studying inflation and worrying about inflation. And i can tell you. We have the tools to deal with that risk if it materializes but we face a huge issue comic challenge here and tremendous suffering in the country. We've got to address that. That's the biggest risk. Let's ask about the reassurance. She offers there when she says we have the tools to deal with the risk of inflation. What she mean traditionally when the economy overheats and that causes a jump in prices. The fed tries to cool things off by raising interest rates and for decades. The fed was really aggressive about that sometimes. Raising rates preemptively. Just in case prices might go up but now the central bank has really changed. Its thinking about that. In recent years we saw unemployment can go a lot lower than many people expect without overheating and triggering inflation and that was really good for a lot of people especially those at the bottom of the income ladder so the current fed chair. Jerome powell says he's just not to worry about inflation even though he says we could see some temporary price hikes later this year if the economy reopened is there's quite a lot of savings on people's balance sheet you can see strong spending growth and there could be some upward pressure on prices. My expectation would be that that that will be neither large nor sustained for a long time. Now inflation has been lower than the federal reserve would like it to be and the central bank says it will only raise interest rates once we get back to full employment and inflation has been running above two percent for a while scott. Thanks for the insights. Really appreciate it. You're very welcome.

Congress Obama Summers Jared Bernstein Treasury Janet Yellen Larry Summers Biden Yellen FED Clinton Administration NPR White House Scott Steve CNN Jerome Powell United States
Biden makes first visit to wounded service members at Walter Reed as president

News and Perspective with Taylor Van Cise

00:36 sec | 2 months ago

Biden makes first visit to wounded service members at Walter Reed as president

"To help stave off the economic pain in this pandemic. Today, the president also taking his first trip on Marine one to visit the wounded service members it inviting traveled to Walter Reed Military Medical Center in Maryland today to visit with wounded service members before leaving the White House. He spoke to reporters, saying he spent a lot of time there is vice president making similar visits all people I'm saying today Are being treated for them Amputees. People who in fact are retired. And but they're the real heroes. ABC is Karen Travers, You're listening to ABC News.

Walter Reed Military Medical C Maryland White House Karen Travers ABC Abc News
Unemployment Claims Rise Sharply, Showing New Economic Pain

Morning Edition

01:32 min | 3 months ago

Unemployment Claims Rise Sharply, Showing New Economic Pain

"President Biden promises and aggressive federal effort to get control of the Corona virus. We will get through this. We will defeat this pandemic. Into a nation waiting for action. Let me be the clearest on this point. Help is on the way we will need it. Another 1.3 million people filed new unemployment claims last week. MPR's chief economics correspondent Scott Horsley is following this story. Good morning, Scott. Good morning. Well, so we have a new administration. But the same eternal mystery businesses air closing. Millions of people can't get work. And yet the markets are soaring. Why is that? Well, it's always a risky to try to make sense the stock market, But part of what's happening, I think is that investors see an eventual into this pandemic there, also betting that Congress will provide at least some of the economic aid that Biden is pushing for. It's also the case so well that the pain of this pandemic recession has been really unevenly spread. You know, some industries have already enjoyed a strong recovery like construction manufacturing. Tech companies that help people stay connected. They're doing just fine. And the roughly one out of four employees who can work from home have not had to worry about losing their jobs. The workers who have really suffered are those in jobs that depend on face to face contact with customers. Restaurant servers, bartenders, people who work in live entertainment. Those industries lost almost half a million jobs in December, and so long as thousands of people are dying from covert every day. The jobs are not likely to come

President Biden Scott Horsley MPR Scott Biden Congress
Unemployment Claims Rise Sharply, Showing New Economic Pain

Mark Blazor

00:13 sec | 3 months ago

Unemployment Claims Rise Sharply, Showing New Economic Pain

"Claims claims are are increasing. increasing. In In Ohio, Ohio, the the Department Department of of Child Child and and Family Family Services Services reported reported 37,000 37,000 new new claims claims this this week week that that is is up up from 30,000 last week. Unemployment also soared nationwide last week.

Department Department Of Of Ch Ohio
How coronavirus is reshaping America's job market

All Things Considered

04:33 min | 3 months ago

How coronavirus is reshaping America's job market

"The coded spike rammed through the heart of the economy in December. Evidence came in the form of jobs numbers out today. The U. S lost 140,000 last month, the first decline since the spring. Grim situation for the next president to walk into, and one his team is already thinking about. Cecilia Rouse is President elect Joe Biden's pick to head the Council of Economic Advisors. It's a group she served on before last time was during the Obama administration. The economy. It was in turmoil. Then two in 2000 and eight we had an economic crisis, which is caused by a problem in the financial sector. And this time we have an economic crisis, which is completely caused by a global pandemic and therefore is at the mercy of a public health crisis Now in doing some reading on this, I heard you say that at the time you all were terrified. That's the term you used. How are you entering this now? Right now, What we recognize is that Americans are suffering households. Businesses are suffering. And so what We understand this time is that we need to be providing relief to households. Businesses date local governments to help them get to the other side of the pandemic. That's not the end of the road is it's important that as we do get to the other side that we build an economy that includes all Americans, and therefore is strong because addressing the inequality that's been laid bare by the pandemic. In order to bring back the economy. The pandemic, As you said, has to be controlled S O should there be nationwide actions to shut down the country so that the pandemic can be controlled. I mean, can the economy actually recover without Temporary economic pain. What we do know is that in order for us to have the pandemic under control, people have to stay safe, which hits some sectors harder than others. So there will be some economic pain as we get through this pandemic safely. What we know we need to do is to support households and businesses and those businesses that we know have been disproportionately affected. For example, If we look at the December employment report that was just released this morning in the leisure and hospitality sector, it lost nearly half a million jobs. That was a big blow to workers in an industry. In fact, with the exception of March and April of 2020, that was the largest employment decline in that sector in history. So we need to. We know that we need to support those workers and support those businesses to help them whether this pandemic safely and to be able to get to the other side intact. As you brought up almost 500,000 job losses in December were in leisure and hospitality people who work in bars and restaurants. And so much of the story. That pandemic has been about low wage workers bearing The brunt of this compared to high wage workers as an economist. What is your position on how to help low wage workers? Specifically, what do you are ideas or solutions that work? So right now we know we need to support them. So that is some of the direct relief. We also know that the unemployment extensions of the unemployment insurance are very important. There are other than the conviction moratoriums and help with back pay for rent. Other of those components are going to be very important As we come through this pandemic, though we know that we need to support some of those low wage workers. People will need to have jobs that pay and allow them to support their families. We know that paid sick leave paid family leave is very important to allow them to both be productive workers and take care of their families. So coming out of this recovery in particular, we need to ensure that all Americans can be productive workers and being able to support their families. So much of the conversation around. What happened in 2000 and eight in 2009 was the idea that the help went to quote unquote the banks, they got the support and that many average people felt left behind. How do you ensure that? What the president elect does next? Doesn't kind of fall into that same perception. That's an excellent point, and this administration is really committed. To ensuring that the policies that it promotes promote everybody and bring everybody back into the economic activity back into the labor market, and then we all benefit from the growth and the economic recovery. Some of that isn't is paying attention to where the federal dollars are being spent. Identifying those places Where that those who have better connections, larger banks versus smaller businesses that maybe better connected. Don't just get to the front of the line, but that the smaller businesses are able to maybe actually have a

Cecilia Rouse Obama Administration Council Of Economic Advisors Joe Biden
Japan to Declare Virus Emergency for Tokyo Amid Record Cases

BTV Simulcast

02:30 min | 3 months ago

Japan to Declare Virus Emergency for Tokyo Amid Record Cases

"You see, the Sudha is expected to declare a state of emergency for Tokyo and adjacent areas later as infections continue to hit a record high. Local media is expecting Tokyo to report more than 2000 new cases. Critics are calling his strategy to narrow and see restrictions lasting for months. Let's get out to our politics reporter in Tokyo is about Reynolds is about. Why is the government declaring this emergency now? Um, right, Well, a lot of people would say it's a bit related. But as he said, there have been 2000 cases probably reported in Tokyo today, which is more than twice the top level that we saw in the spring with the previous With the previous sort of expected the pandemic. So this this emergency is aimed at bringing this case is down, especially the serious cases. The number of people in hospital is gonna last a month from generating hates to February 7th, but it will be a lot less stringent from the emergency that they instituted last April. This time residents are going to be asked to avoid going out. But only at night after 8 p.m. on bars and restaurants will be instructed to close in age on Bill also be another push for remote working and the government seeking to cut the number of people who are commuting to work by about 70%. S so this is sort of an emergency light on by their questions over how far it's going to be effective in controlling the virus, while the government is obviously seeking to avoid the kind of economic pain We saw last spring. Will it be enoughto to get the outbreak, at least under control? Well, that that's that's a matter of dispute. At the moment, not only the public, the public of argued, have shown an opinion polls that they say the most stringent measures Against the pandemic, but also the government's own. Experts seem to be saying that this won't be enough to bring it under control in a month she get it only has been a top government advisor on the virus started the pandemic instead of month wouldn't be long enough with just these measures. And that it might have to be extended until March or April On Gonad other expert hero, she Nishiura also said that more drastic steps would be needed. If you want to cut cases significantly at the same time, the government is really anxious to avoid. Kind of economic situation with summer last year when the emergency triggered the worst economic downturn on record.

Tokyo Reynolds Government Bill Nishiura
Erdogan calls on Turks to boycott French products

Monocle 24: The Globalist

05:40 min | 6 months ago

Erdogan calls on Turks to boycott French products

"Talks president recipe type Erdogan has called for a boycott on French goods as tensions between the two countries rise after President Emmanuel macron called for a French Islam. This follows the beheading of teacher in France after he showed his class caricatures of the Prophet Muhammad published by the Satirical magazine. Charlie. Ever. Let's cross to Istanbul to join the journalist I login Yuck. Leeann also on the line is Philip Malia professor of French and European politics at University College London. Island let's start with you. Why is Turkey so upset? Well the magazine this week published a cover that depicts a caricature of president are due on and suggesting that he's a bit hypocritical about his religious beliefs. He's drinking a can of beer and he's lifting. The skirt of an Islamic garb. So that is Let us set off a firestorm among our close circle They're accusing them accusing the magazine of insulting and have actually sued the magazine for libel. It is a crime in Turkey publishable a punishable by up to four years in prison to insult the president. So that has been the latest twist. In this in the spat, but they've also putting a ban on French goods. That's correct that stems from President Macron's a recent pledges to. Ensure. That Islam does not affect the French way of life and French values describe that as a relaunch of the Crusades an attempt to Spread like cancer the Islamic phobia that already exists in Europe according to Don So there, but the dispute doesn't just start there between Turkey and France on they are at odds over a number of issues including the war in Libya and including the search for hydrocarbons in the eastern Mediterranean as well as the conflict in Nagorno-karabakh. Absolutely, and we'll come back to those in a moment. I just want to bring Felipe here to talk about what my chronic said. I mean he's saying that he's been misquoted. Yes I think that that's what he says and to to be fair in this Ongoing Saga Domestic Saga in France that is around the shaggy bill cartoons the latest of course, the latest terrorist attacked a couple of weeks ago. This teacher who was beheaded in France by terrorists the the trial shall you do are all taking place as we speak, but there's a lot of things going on and to be fair my call has always been has has never been the hotline in this. In this debate about the cartoons is a bit more of a solo rather than. So in a sense, it's been unsound aim to be to be branded suddenly the most Islamophobic person in fraud I don't think used to be fair but the issues for sure it's been misquoted in a sense i. think he said, yes that they were issues with Islam. which probably was a rather undiplomatic way of putting things to wealth stage. I think he's presented essentially the new bill on socal separatism, which is quite controversial in France and probably. Is, yes implicitly targets in the Muslim population in France but it's true that if French I'll probably surprised how at ten suddenly the sued relationships and and how the sort of tension has related between the two countries of late. To. Be Fair that the two men have been at loggerheads for a long time so it seems on the train side. For advil hand, it's almost protects the those at the story of the call tunes because inside the being as your guests. Until you have just said, there's been real geopolitical issues and disputes between the two countries for one now. Yes. Well, I wonder how much of this also has to do with Turkey's domestic politics I mean we know that there's a huge economic crisis is this a diversionary tactic? It certainly helps distract people from the issues surrounding the economy and our one has been accused of using any number of foreign problems to distract his voters This in particular might resonate because the fact that it's religion and this is something that people hold. So close to their hearts on think that people are filing necessarily know every twist and turn. Of the issue. But when they hear of Charlie Hebdo, the satirical magazine, they might recall the images of the Prophet that the magazine published previously and that. Sir. Association. So when are two one talks about insulting Islam that's what comes to mind. Not The fact that published an image of political leader on the cover and so if bob he does have an impact. You know anything to get people's minds off of the fact that the jobless rate is soaring. The currency in Turkey has lost about forty percent of value this year against the dollar There's real economic pain here. So the certainly can help can help change the debate now.

Turkey France Satirical Magazine President Trump President Macron Leeann Felipe Charlie Hebdo Philip Malia Professor Of Fren Istanbul Muhammad Erdogan Europe Advil Fraud University College London Nagorno-Karabakh BOB Mediterranean
All 62 residents at Kansas nursing home have COVID, 10 have died

WTOP 24 Hour News

00:14 sec | 6 months ago

All 62 residents at Kansas nursing home have COVID, 10 have died

"19. None of them were in a Kansas nursing home. A nursing home, which has 62 residents, all of them infected, as are several employees. And then there was the related economic pain. Janet family and reports Christine Girls Rent is due in two weeks,

Christine Girls Janet Family Kansas
Poverty Levels In Minority Communities On The Rise

NPR's Business Story of the Day

04:53 min | 6 months ago

Poverty Levels In Minority Communities On The Rise

"This week applications for unemployment benefits jumped unexpectedly to their highest since August this new economic report by Columbia. University. Finds that millions more Americans are falling into poverty with the expiration of benefits from the cares act. It also says black people and Latinos are more than twice as likely as white people to be poor in this country people like, Jasmine, a twenty, two year old black woman here in Washington. DC, we aren't using Jasmine's full name because of the social stigma associated with poverty. She tried to get pandemic unemployment assistance back in the spring when everything shut down and she couldn't start a new job at national stadium I was receiving. Five hundred dollars a week. It was rarely enough, but it helped me out and. That stop. believe in June. And ever since then I've been going through a lot of financial burden jasmine is a single mom she's home with her four young kids including a three month old making it impossible to look other work she's already burned through the four thousand dollars she managed to save up while receiving assistance like I've spent all. From my pool and being accused me like orange and where I think ED's. and. It hasn't gotten that far with Congress unable to agree on a new round of Corona virus assistance people like Jasmine are slowly dropping further into poverty every day we're going to dig into the causes of this with William. Spriggs. He's the chief economist for the AFL CIO and also a professor of economics at Howard University in Washington. Thanks for being here this morning. Thanks for having me. What's GonNa Happen to people like Jasmine if Congress can't agree on more federal aid. For the moment, some people depending on where they live or benefiting from the halting of evictions that means they're building up arrears and their rent many of them because they don't have a flow of income are also building up whereas when utilities or they're borrowing from Peter to pay Paul and they're building up careers there as well. The problem for others is they are in places where he fictions are taking place. there. quaint to need extra deposit in order to get the next rent, their credit score will have suffered. In some cases, people are sophisticated enough to use the forbearance that's out there for credit cards. Many people don't know about this, and some of them are getting penalties for missing credit card payments. Cycle that keeps feeding and pushing people further into this place. Exactly. It spirals out of control in the problem is, as you mentioned on unemployment insurance claims while we did see the rebound that everyone expected. That we found has slowed and the last three months we've seen progressively lower job creation a build up of people who are now permanently unemployed as opposed to people reporting that they're temporarily unemployed and for African Americans the labor market is now turn back to its discriminating itself and I was Gonna ask about that I mean. This is hitting a blacks in America and Latinos harder than whites. This is a big question and a lot of it is structural but can you give a concise answers to why? Well there's clear discrimination labor market. So the unemployment rate last month for high school dropouts. was lower than the block an appointment. That's the depth of the discrimination that black workers space that their unemployment rate is higher than the unemployment rate of high school dropouts of this nation. LemMe ask when it comes to children child poverty. Is that a recent study by the University of Chicago, Notre Dame found that black people and kids have been hit so hard if we can't turn things around what is life like for those chiltern. The real tragedy we know that spells of poverty permanently scarred show because they fall behind on so many dimensions and that's why it's necessary that we stop this economic pain. As soon as possible it's a long term S- growing for our economy, not just the scoring we're having immediately, which is very deep to our labour-market. William Springs is the chief economist for the AFL CIO. He's also a professor of economics at Howard. University. We so appreciate you taking the time this morning. Thank you. Thank you.

Jasmine Chief Economist Washington AFL Congress Professor Of Economics CIO Columbia Howard University National Stadium University Of Chicago William Springs DC Ed's. America Howard
Coronavirus: Israel marks Jewish New Year with second lockdown

Monocle 24: The Globalist

07:44 min | 7 months ago

Coronavirus: Israel marks Jewish New Year with second lockdown

"Rush Shawna or Jewish New Year begins at sunset this evening. But for Israel this new. Year's anything. But happy as the country becomes the first major economy to enter into a second. Nationwide lockdown against a backdrop of serious discontent towards the handling of the pandemic and the Prime Minister Benjamin Netanyahu himself Israel, which was one of the first countries to enact stringent measures to inhibit the spread of the virus is shutting down. Again, the three weeks we'll joining me now is Alison Kopplin summer who is a journalist for hurt a good morning to you alison. Why is this can lockdown necessary? Well. It's basically necessary because our infection rates which reached a really dramatic low back in in May. have been creeping up all through the summer months and then I'm have basically exploded beginning. At the end of August, beginning of September which was really. Enhanced by the the return of of kids to school we really see that they've absolutely been able to to mark. A connection between the fact that kids went back to school on. September first and that since then the the rates have been have been doubling and and surging among the general population at an unprecedented rate before that, it was basically concentrated in certain populations, certain cities, certain neighborhoods. But as kids went back to school, it just exploded across the entire population. So this goes against what the so corona virus saw said a couple of months ago when he asserted the socio economic trauma inflicted by covert restrictions was greater than its health impacts. So can you help line the state of the economy and how these further restrictions will impact on businesses? Well. There's been a huge debate going into this lockdown as to the extent to which private businesses should be allowed to continue business as usual a huge debate over the the pain that closing down business will cause versus the attempt to to fight the to fight the lockdown We already have a major unemployment problem and unlike European countries Israel has not been fully compensating businesses for their losses. and. So there's a huge bitter angry rebellion by business owners small and large and not insignificant chance that this time around because people have much less faith than they did in the first lockdown there's going to be a lot of businesses I predict violating the restrictions and an opening for business even in the face of the of the restrictions I mean, what does the Don actually entailed? Everything must close. Everything must close except for essential services such as supermarkets and and pharmacies public offices will be open, but they won't receive. receive the public in In Government Offices Private businesses. Again, this came after fight are two privately reopened with a with a minimal amount of staff in in Workplaces So you know the economy is being partially allowed to function. That's why there are so many as they say, Swiss cheese holes in this lockdown but they're worried that you know in the attempts to keep the economy going to an extent know if schools are out, you can't have a full economy running. That they're putting so many holes in it in order to keep the the economy functioning at a certain rate that it's going to be ineffective in terms of of actually bringing the infection rate down significantly what about the situation in the West Bank and the Gaza Strip? The situation is bad there too. There's a lockdown in Gaza right now and and the West Bank is also suffering from from it from an outbreak. So they are they're not in any kind of renewed full scale lockdown, the way that that we are, but they are they're in a difficult place as well. Now, this as you mentioned a huge amount of opposition to this and people are actually protesting who's out on the streets. Well There's always been a religious secular divide in. Israel? Approximately. Twenty twenty, five percent of our population are Orthodox smaller. percent of that are also Orthodox and those daybreak cities where the ultra-orthodox resided partially because of the large family size there and how how dense their residences is that has been really a hotbed of infection as well as Arab towns and. Cities and so it's been very hard for them to specially over a long period of six months to stop with their large gatherings, their traditions, their prayers, etc, and that is countered by. On, the other side and on the secular side, the need to protest against a Netanyahu how he's had this corruption trial, they've had large protests. So basically, there's this back and forth going on why can we not gather in a? Study Jewish learning while you can gather on the streets and have a protest, and for example, why can you go to your ritual baths and we can't go to the beach? So there's there's a lot of fourth fighting and then the the biggest and most desperate cry is from the business owners who are feeling so much economic pain. So there's protests coming from from all directions and how will this affect the political situation? While the political situation isn't good to begin with one of the reasons that Israel has been. So crippled in fighting the corona virus situation is as I said, really hotbeds of infection at least as of two three months ago we're in these ultra-orthodox cities neighborhoods, and what the coronavirus czar planned to do came in trying to do is to really shut those cities down and really be able without harming the economy on a large scale to focus the approach inside these communities and political pressures. made it impossible for Netanyahu, to really stand behind his are and do the because the ultra Orthodox parties said, if you close our cities if you shut down now. If, you don't allow us to go to synagogue. We are going to leave your coalition and basically bring down the government, and that's why at every turn these ultra-orthodox parties have been able to twist the government's arm into allowing them to have more freedom than the secular public looks at what's going on in the religious sector and they say, well, if they're not GONNA do it. We're not going to do it, and then you've got a very bad dynamic there. I listen Israel forced all foreign arrivals to self isolate on March the night that was before the World Health Organization announced that it was in fact, a pandemic given the the the country is now in this situation, won't you think that other nations around the world can learn by watching this? I think really the biggest lesson that that Israel can teach the world is. Opening up schools particularly when it above the age of ten or so is really a dangerous difficult and problematic as much as we all want to see our children. In school learning getting an in person education that that is really the trigger. This is now the second time that that sending kids to school have have sent our infection rates. Rising, and that's why any kind of a resumption of studies has to be done extremely slowly carefully in a measured way starting with the youngest kids and slowly going. Up and keeping a very, very strong monitoring. On how that that is affecting the society because kids go to school, they get infected, they come home in the infect their entire families. Alison despite everything. Shana Tova.

Israel Prime Minister Benjamin Netany Alison Kopplin Gaza Twenty Twenty Shawna West Bank Shana Tova World Health Organization
"economic pain" Discussed on NPR's Business Story of the Day

NPR's Business Story of the Day

02:16 min | 8 months ago

"economic pain" Discussed on NPR's Business Story of the Day

"A new survey measures the financial pain as the pandemic goes on. . Almost half of American households have suffered serious financial losses were told in a new poll, , by NPR, , the Robert Wood Johnson Foundation and Harvard t H. . Chan School of Public Health in the country's four largest cities. . The situation is even worse especially for Latinos and black-americans fifty to eighty percent of those. . Households report serious financial problems. . They can't pay their rent or their mortgage or their credit cards, , and they've depleted what savings they have had. . NPR's Yuki. Noguchi . reports on the findings. . The pandemic is creating serious financial problems, , job loss depleted savings or possible eviction. . That's despite hundreds of billions in government stimulus and other support. . The survey shows economic stress running higher in the. . country's four largest cities, , New York, , Los Angeles Chicago and Houston. . Latino and black families were substantially more likely to face serious economic distress compared to white counterparts. . Robert Blend in is a professor of health policy and political analysis at Harvard and Co author of the survey. . He says the results show the personal financial challenges run deeper and broader than previously understood. . I would've. . Expected that all the aid that was coming from various sources would have narrowed not eliminated the differences by race ethnicity the survey conducted. . This summer also found distress among households making less than a hundred thousand dollars a year. . It's a just a lack of funds creating knock on effects trouble paying for food or medical care, , which in turn lead to serious health consequences. . The surveys implications could mean everything from a bigger drag on the economy to the nation's mental health outlook and blending says, , the prognosis is grim at the time of the survey. . The federal government was offering six hundred dollars a week in additional benefits for the unemployed. . That was not renewed after July it's going to get worse because there is nothing for the people we serve eight who earn <unk> thousand. . Dollars a year already communities are not working fulltime to fall back

Robert Blend federal government professor of health policy Noguchi NPR Harvard Houston New York Los Angeles Chicago
Economic Pain From Pandemic Is Much Worse Than Expected, Poll Finds

NPR's Business Story of the Day

02:16 min | 8 months ago

Economic Pain From Pandemic Is Much Worse Than Expected, Poll Finds

"A new survey measures the financial pain as the pandemic goes on. Almost half of American households have suffered serious financial losses were told in a new poll, by NPR, the Robert Wood Johnson Foundation and Harvard t H. Chan School of Public Health in the country's four largest cities. The situation is even worse especially for Latinos and black-americans fifty to eighty percent of those. Households report serious financial problems. They can't pay their rent or their mortgage or their credit cards, and they've depleted what savings they have had. NPR's Yuki. Noguchi reports on the findings. The pandemic is creating serious financial problems, job loss depleted savings or possible eviction. That's despite hundreds of billions in government stimulus and other support. The survey shows economic stress running higher in the. country's four largest cities, New York, Los Angeles Chicago and Houston. Latino and black families were substantially more likely to face serious economic distress compared to white counterparts. Robert Blend in is a professor of health policy and political analysis at Harvard and Co author of the survey. He says the results show the personal financial challenges run deeper and broader than previously understood. I would've. Expected that all the aid that was coming from various sources would have narrowed not eliminated the differences by race ethnicity the survey conducted. This summer also found distress among households making less than a hundred thousand dollars a year. It's a just a lack of funds creating knock on effects trouble paying for food or medical care, which in turn lead to serious health consequences. The surveys implications could mean everything from a bigger drag on the economy to the nation's mental health outlook and blending says, the prognosis is grim at the time of the survey. The federal government was offering six hundred dollars a week in additional benefits for the unemployed. That was not renewed after July it's going to get worse because there is nothing for the people we serve eight who earn thousand. Dollars a year already communities are not working fulltime to fall back

Robert Blend NPR Harvard T H. Chan School Of Pu Robert Wood Johnson Foundation Federal Government Professor Of Health Policy Noguchi New York Harvard Houston Los Angeles Chicago
India now has most daily Covid-19 deaths in world

AP News Radio

00:41 sec | 8 months ago

India now has most daily Covid-19 deaths in world

"India has announced just over one thousand one hundred deaths from the coronavirus in the last twenty four hour period its highest single day total the health ministry also reported nearly seventy six thousand new cases raising India's tally to well over four million second only to the US and maintaining an upward surge the meat and ease in nationwide restrictions to help mitigate the economic pain the country's death toll now stands at nearly seventy three thousand the pandemic has been economically devastating to India and its economy contracted by a quarter from April to June the worst among the world's top economies I'm Charles collect as much

India United States Charles
India now 2nd behind US in virus cases amid economic pain

AP News Radio

00:49 sec | 8 months ago

India now 2nd behind US in virus cases amid economic pain

"India's increasingly high coronavirus caseload has made the Asian giant the world's second worst hit country behind the U. S. the ninety eight thousand eight hundred cases I did in the latest twenty four appeared pushes India's total paas Brazil's with more than four point two million cases in old immunologists only behind the US with more than six point two million people have been infected according to Johns Hopkins University despite over two million new cases in the past month alone the Indian government has continued relaxing restrictions to try and resuscitate the economy but the pharmacy is deepening misery in the country's vast hinterlands and poorer states with searches have crippled the underfunded health care system and stretched resources I'm Charles collect as much

India Brazil United States Johns Hopkins University Indian Government Charles
"economic pain" Discussed on KOMO

KOMO

03:55 min | 8 months ago

"economic pain" Discussed on KOMO

"Have you seen that? Or used a maneuver similar to that. The interview's release comes a day after towels body camera was filed in court video his lawyers believe helps prove he shouldn't face criminal charges. Few people have escaped the economic pain caused by our pandemic. But some employees have fared better than others. Comas, Charlie Harder Talk with the Washington Post Heather long about it. I'm Charlie Herder, 2020 has been an unusual year. And the pandemics effect on the economy underscores the widening chasm between the well to do and the working class. Heather Long is an economics correspondent for The Washington Post, And in her most recent article, she writes The recession is over for the rich. But the working class is far from recovered. Had their joins us on the coma news line. Heather Can we start by describing what's happening in terms of employment numbers for the wealthy versus those who are working class? Yeah, we took a closer look with a group called Opportunity Inside. At a Harvard and proud university, and I was pretty stuff at the dichotomy. We broke it up by different wage groups. Toe Look at everybody had a rough April. You know that matter if you were high paid low paid, obviously, a lot of the lower wage jobs in Retail and restaurants and hotels were really hard hit. But what we've seen now sitting here sort of summer is the jobs for the top half of this inn Cup. Spector had basically recovered so people who are earning $70,000 or more, you know both those jobs are back, whereas for the lower wage jobs while some of them have come back, it's only half recovered has to be just so. Terrifying. If you're somebody who's not making much in the first place, and here you are unemployed for months. Is there any indication in the study? If things improve, anytime tuneful assume for these folks are Have. We had a reset button here? Well, it's almost gotten worse, because obviously there were the very generous unemployment benefits this extra $600 a week that everyone keeps talking about Congress that was in place through the end of July, And so some people who are unemployed. We're actually making more money unemployed that they would have if they had a $10 an hour job. But that's gone now, and that's why here sitting here in August, and some Republicans argue all these people need to go backto work. The reality is the country has about five million job postings and still have close to 30 million people unemployed, So there just aren't enough jobs to go back to and what our analysis showed is there particularly are enough of these lower in jobs that are back at for people to go to, even though they want, Um Heather Long is thie, economics correspondent for The Washington Post. Heather, you have quite a background in economics. Is there any historical precedent for this? Or are you able to point to a time where we've has such disparity? Well, it's certainly on the big, big picture. It looks a lot like what we saw in the 19 twenties. I mean, that's definitely the level of inequality were at that was true even before the pandemic, however, before the pandemic, we were finally starting to see After 10 years of recovery. We're finally starting to seize. Wage gains for folks at the lower end that were really encouraging. You know, people they remember Walmart Target announcing that they were going to even raise their starting wages 13 or 14 or $15 an hour. So basically all of the lot of those games have been lost Heather Long. Her article is in the Washington Post washingtonpost dot com You're listening to coma news. Your money at 20 and 50 past the hour on coma. News. Cuomo's money report is sponsored by Propel Insurance. Major stock indexes on Wall Street ended Friday more or less where they started..

Heather Long The Washington Post Charlie Herder Washington Harvard Spector Cuomo Propel Insurance Congress Walmart
Trump Vows to Issue Executive Orders if Coronavirus Relief Talks Collapse

The Situation Room with Wolf Blitzer

04:45 min | 9 months ago

Trump Vows to Issue Executive Orders if Coronavirus Relief Talks Collapse

"Breaking news on the economic front the White House and Democrats say talks of the economic stimulus package they have hit a wall president trump is threatening to take executive action on his own. Let's get details on that from our chief White House correspondent Jim Acosta. Americans they are in desperate economic pain right now but stimulus talks seem to be going nowhere right now what's the latest? Well, that's right. Wolf with negotiations falling apart over Corona Virus Relief Bill White House officials say president trump is now expected to take some kind of executive action to provide financial support to Americans who are struggling to find work during this pandemic the executive orders are likely to include some kind of effort to provide enhanced unemployment benefits as well as some kind of. Action on suspending evictions from rental homes. There may be some other proposals in the mix, and in the meantime, we should point out the president just hinted at the path ahead in the last hour tweeting, we're going a different way that tweet coming from the president in just the last hour, and in the meantime administration officials are throwing cold water on the president's gold having corona virus vaccine ready by election day one senior administration official told me earlier today that timeline is highly unlikely. President trump's claim that a corona virus vaccine could be ready by election day is receiving an injection of reality as top administration health officials are saying, don't bet on it. Then November third. Oh I. Think I think in some cases. Yes. Possible before. But right around that time, a senior administration official told CNN that timeline is just not realistic saying it's quote metaphysically possible but highly unlikely and Corona Virus Taskforce Dr Anthony Fauci said. May Have to wait until November or December just to find out of a vaccine really works adding maybe we'll get an answer as early as October but I doubt it trying to put a finer prediction on the timetable right now I don't think any of us have enough information yet to know how that's going to shake out. The pandemic Bennett economy recovered somewhat in July with the unemployment rate falling to just above ten percent with one point eight million jobs added even with so many Americans still out of work congressional Democrats and White House officials have been at odds all week over Corona Virus Relief Bill with House Speaker Nancy Pelosi, pointing the finger at top aides to the president. Now, that's been in the White House when the president's land that table and walked out that's really what Mr. Meadows. Did I on the table can't shoot staff Mark Meadows Jabbing right back I think for those that are suffering they. They should be asking the Democrats in the House and the Senate why why have you failed to meet the needs that we have so rightly expressed without a deal the White House is signaling Mr Trump will take executive action that legal drafting is complete. We've had this intense discussions about this. In the last several days, I don't WanNa make predictions. Democrats are also keeping an eye on election day accusing the administration of making changes to the nation's postal system that could slow down mayland balloting in a letter, the Postal Service Inspector General, a group of Democratic senators wrote the changes appear to pose a potential threat to mail in ballots and the twenty twenty general election President Likes Mail in voting in Florida but not another states like Nevada Florida's got a great Republican governor and it had a great Republican. Got Run to scientists Rick Scott, the president is seizing on comments made by Joe Biden, you seem to say African Americans are less diverse and their political views Latino voters unlike the African American community notable exceptions. The Latino community is incredibly diverse community. With, incredibly different attitudes about different things Biden try to clean that up tweeting in no way. Did I mean to suggest the African American community is a monolith not by identity not on issues not at all Mr Trump, tweeted biden is no longer worthy of the black vote I don't know what's going on with them, but it was very insulting. The president's attack on Biden are tricky for Mr Trump, who has a long track record of racially offensive behavior including sharing this video, featuring a supporter shouting white power. Now the US intelligence community issued a startling statement on election security today as the US closing in on the fall campaign. In that statement intelligence officials warn Russia is trying to damage from where Vice President Joe Biden. His chances to win the white. House the statement also from the intelligence community says, she prefers that president trump fail in his bid for a second term. These warnings from intelligence officials come at a critical time for American voters who were largely unaware that. The Russians were interfering with the election for years ago this time the voters know all too. Well, what could

President Trump Mr Trump White House Joe Biden Chief White House Corresponden Executive Donald Trump Vice President Jim Acosta House Speaker Nancy Pelosi Official Mark Meadows Dr Anthony Fauci CNN United States African American Community
Fewer Americans filing for unemployment aid

Brian Mudd

00:32 sec | 9 months ago

Fewer Americans filing for unemployment aid

"Than a 1,000,000 Americans filing for unemployment insurance claims last week, But that actually may be slightly good news. NBC's Aaron Carter Ski explains the nearly 1.2 million new claims for unemployment benefits is fewer than it's been, but still the 20th consecutive week of jobless claims above a 1,000,000. It may be a sign layoffs due to the Corona virus pandemic are finally easing. Even if the economic pain lingers. The Labor Department will give us a broader picture on Friday and the monthly jobs report. Economists expect that'll show job growth and a drop in the unemployment rate.

Aaron Carter Ski NBC Labor Department
"economic pain" Discussed on KCRW

KCRW

04:39 min | 9 months ago

"economic pain" Discussed on KCRW

"Feels Boulevard gonna stop walking the left lane. There are traffic slow from Alameda, south L, A 1 10 north bound. This one at the 42 got a injury crash blocking lanes there, and that's been that was and it's not been cleared over to the right shoulder. This's all things considered from NPR news. I'm Ari Shapiro. And I'm Stacy Vanek Smith stalled. That is the word of the day on Capitol Hill. As top Democrats meet once again with White House negotiators. They are hoping to come to an agreement on another round of Corona virus aid. Both sides say they want a deal. Both sides say they've made progress. But so far none of the people involved are suggesting that a deal is near all of this, despite signals that the economic pain caused by the pandemic is deepening in all corners of the country. NPR congressional correspondent Kelsey Snell has been covering the talks and she joins us live. Hi, Kelsey. Hi, there. So the previous Corona virus relief bill was passed with really strong bipartisan support. Why is this negotiation so different? Well to start with they took months, Republicans took months to agree that even needing an additional hate was was where they were going to be. And then it took weeks of debate on how much that aid would include and what it would do. Republicans today don't even agree amongst themselves on what should be in a Neve Nual bill. In fact, Senate Republicans are completely absent from these talks. This is all being done by Treasury Secretary Steven Mnuchin and White House chief of staff Mark Meadows, and they're talking with Democrats who then go and brief Senate Republicans afterwards. Now this is creeping closer and closer to the election. That's part of what's happening here. And that's really a big part of the core of the disagreement. Republicans are badly tourney over how to handle the crisis without compromising their political beliefs on big government intervention, But they're also trying to satisfy President Trump, who keeps shifting the goalpost. It has made things very complicated. So Kelsey tell us more about the divisions among the Republicans. Yeah, Conservative Republicans are opposed to additional aid somewhere opposed to aid at all, and they want to focus on re opening. Many of the more moderate Republicans, particularly the people up for reelection. Want to see some spending. They see Poles. They see people worried about paying their bills, and they don't wanna have to campaign as somebody who denied voters that support Now, one example of where they're fighting about. Funding is state and local money Now. That is why Senate Majority Leader Mitch McConnell has been warning that he really does not expect wide, said widespread support from Senate Republicans. If and when a deal is a reach, here's what he said. If you're looking for Ah, total consensus. Among Republican senators. You're not going to find it, so we do have divisions about what to do. So, but total consensus is what delivers vote. And it's a dynamic that gives Democrats aton of leverage, though the ultimate arbiter of whether or not anything they passed becomes law is President Trump. So what role our Mnuchin and meadows playing in these talks Right now, Venusians kind of scene is the deal cutter in the administration, But that's not necessarily an asset with some of these Republicans who think he's already given away a lot of these previous negotiations. Meadows. On the other hand, if you'll remember was a congressman just a few months ago, and when he was in Congress, he was known for being kind of a bomb thrower, leading insurrections against spending deals that puts them kind of odds. But they're trying to keep in upper hand by floating the possibility today of using some unexplained executive actions like a payroll tax cut, Teo, you know to keep people in negotiations. Is it possible that Congress could leave for its scheduled August break without a deal? Republicans are pretty split on this. It would be terrible optics for them if they do leave town. But keeping them here with nothing to deal gives them a pretty bad optics to that we sitting there fighting with him amongst one another trying to get something done. So there's a lot of pressure that often means that something will get done is just very hard to see where the compromise is right now. NPR's Kelsey's now. Thank you. Thank you. Dozens of families are suing Tic Tac for allegedly collecting their Children's data without permission and sending that information to servers in China. Suit comes at an especially bad time for the APP. It is owned by a Chinese company. President. Trump considers that a national security threat and he's ordered the TIC tac be sold by the middle of next month. This lawsuit could complicate any sale. NPR's Bobby Allen joins us with details. Hi, Bobby. Hey, Ari, tell us more about who is suing Tic Tac and what they're alleging. So there are 70 family suing Tic tac, and they're claiming that from the moment the APP is downloaded on your foam, it starts vacuuming reams of personal information like.

Kelsey Snell President Trump Tic Tac NPR Ari Shapiro Alameda Stacy Vanek Smith White House Mitch McConnell Senate Majority Senate Teo Bobby Allen President Congress Mark Meadows
Congress, White House struggle to break coronavirus aid stalemate as economic pain spreads

Dave Ramsey

00:39 sec | 9 months ago

Congress, White House struggle to break coronavirus aid stalemate as economic pain spreads

"On Capitol Hill, congressional leaders and White House officials meeting again on a new stimulus relief plan to replace the one that's expired some 30 million out of work Americans Faced with more unknowns. The Senate still stalled on the new Corona virus relief package, pointing fingers Tuesday morning and offering conflicting perspectives The Democrats are blocking at all. It's like they expect applause from really keeping a civil tone. With the president came after a week of stalled talks. I believe we're making progress party leaders Mitch McConnell and Chuck Schumer there. Schumer and House Speaker Nancy Pelosi will hold yet Another meeting with Trump Administration on Tuesday afternoon is the two sides try to solve the standoff over unemployment payments. Adam

Chuck Schumer House Speaker Nancy Pelosi Mitch Mcconnell White House Senate President Trump Adam
Uber layoffs, following Lyft, Airbnb, add to SF economic pain

Bloomberg Surveillance

00:19 sec | 11 months ago

Uber layoffs, following Lyft, Airbnb, add to SF economic pain

"The big city near apple's headquarters San Francisco could be especially hurt by the virus uber lift Airbnb which are headquartered there have all cut thousands of jobs sales force a visa will let workers work from home for months Twitter and square a doing so for good San Francisco commercial real estate that's already pricey could end up

Apple San Francisco Airbnb Twitter
"economic pain" Discussed on WIBC 93.1FM

WIBC 93.1FM

08:07 min | 1 year ago

"economic pain" Discussed on WIBC 93.1FM

"Course of every Sunday when we get together for the show and throughout the night nine weeks or whatever it's it's been now that a a big problem with politics in America is not a Democrat or Republican issue it's a politician slash elected official issue and there used to be a time where we thought of Republicans and Democrats differently but more and more often we see that there there's not a lot of of differences or somewhere on the edges gas but be they Republican or Democrat most of these people certainly from the governors and and and congressman and senators it's cetera it is in the latest issue it is an us verses them issue and I've said throughout the course of this coronavirus thing that politicians genuinely think you're stupid many of these politicians genuinely think you are too stupid to think for yourself you are a pleasant you are incapable of functioning on your own and they not only have to give you guidance but give you mandates with the threat of force if you don't comply because otherwise you will kill yourself and everyone around you welcome clearly thinks that it's why when he came out with all those mandates seven hours later he's he's breaking a whole bunch of because he doesn't take them serious he does ninety percent what he said is complete crap and that selfie he took a national prove that so there's a Republican and now you're gonna hear from Maxine waters about what she thinks of you of your protester or if you want to open your business take a listen you know our governors under you know great stress and the protests that have been organized the protest that will trying to intimidate our governors to open up everything a protest where you know the people participating in that should be ashamed of themselves they should not be encouraged in anyway they should not be encouraged from the top leadership of this country to go out and do that I think that our governors for the most part but the most but not all of them and I'm certainly not talking about going to camp in Georgia but I'm talking about our own governor Newsom here in California we've done a wonderful job and about Cuomo in New York dates have been so helpful to so many of us across the country I know the pressure is on and I know that you're trying to hold the line and I want you to hold the line I don't want to see these establishments open back up there's so much in that that's Maxine waters but we represent from California if you're a protester you should be ashamed of yourself if you will protesters for a job or the right to function as a citizen in a free country what used to be a free country you should be ashamed of yourself if you own a business she doesn't ever want you to open back up she said it not me I couldn't make it up you heard it right there if you're a protester if you want a job you should be ashamed and she hopes her business never opens up do you notice how she referred to people like new sermon and Cuomo I mean god it's bad here but it's even worse in New York and California they should hold the line hold the line with depriving people of their rights and and the shut downs in the economic pain and suffering these governors are causing Britain that's how many politicians be they Republican or Democrat view it there's not that much difference between Eric Holcomb and Maxine waters I mean Eric Holcomb prove that when he comes out of those mandates and then seven hours later breaks all bunch of science protecting your truck control Eric Holcomb believes he's smart enough to function but you're not Maxine waters believes she's smart enough to function but you are not that's who these people are a lot of people have given Joe Hogsett mayor of Indianapolis a lot of crap this past week for remaining many restaurants barber shops that are going to remain shut down until June first and that's why he deserves it Joe hawks it's a career government workers nothing wrong with you if your career government worker nothing wrong at all there's a lot of great people who work for government workers but there's also a lot of people who are career government workers who are trying to deprive people of their life and their liberty there's a lot of Kerr government is in fact the vast majority of them who are out there destroying businesses that many families for generations but Joe Hogsett is B. Joe Hogsett he's never never functioned in the real world is always been dependent upon someone else for a check St John's it's a goof and he's a loser he's totally unqualified to run the city of Indianapolis Eric Holcomb is the same with the state of Indiana thank god hi if you're gonna give crap to Joe Hogsett you have to give crap Eric Holcomb because Eric Holcomb when he came out with that but the press covers the plan to roll out Indiana he practically begged Joe hog sent to keep thing shut down until June first he came out was very clear he gave very clear instruction to these mayors he said this was likely if you want to be stricter fine with me same guy you can't think about because one's a Democrat wants the Republican they're both elitist losers they're both the leaders losers who need government forecheck there there's no difference treated exactly the same Maxine waters Eric Holcomb Joe Hogsett Gavin Newsom Andrew Cuomo Todd young they're all the same they're the same people and we have to get that through our head you know one of the things we have to salute or those to continue to fight and stand strong especially those in position of power and I want to close by playing you a clip from a port of Seattle police officer Greg Anderson who's actually lost his job over this he's been on administrative leave he's a police officer who was refusing to carry out these unconstitutional orders take a listen I've seen officers nationwide enforcing tyrannical orders against the people and I'm hoping I'm hoping it's a minority of officers but I'm not sure anymore because every time I turn on the television every time I turn I look to the internet I'm seeing people arrested or cited for going to church for traveling on the roadways for going surfing opening their businesses going to the park with their families or doing nails out of their out of their own house using their own house as a place of business and have an undercover agents go there and arrest them and charge them with with what with the crime I don't I don't know what crime people are committing by doing nails and their own house but we're seeing this more and more and more and we need to start looking at ourselves as officers and thinking it is what I'm doing right now I want to remind you that regardless of where you stand on the corona virus we don't have the authority to do those things to people just because a mayor or governor tells you otherwise and I don't care if it's your sergeant or your chief of police we don't get to violate people's constitutional rights because somebody in our chain of command tells us otherwise that's not how this country works port of Seattle police officer Greg Anderson placed on administrative leave for being a hero we need more Greg Anderson's in the world we need more people who will stand up for what's right and stand up for us more Greg Anderson's lesser call comes less Maxine waters ninety three WIBC rob Kendall show this is what's happening is bound I. seventy on the east side is opened up ninety three W. white BC of the Norse without the four sixty five westbound lanes are still closed the very latest a few shootings in Indianapolis **** St near Vermont Avenue on the south side stay night on west tenth street on Indy's east side PD looking for suspect frequent updates China wants to cyber attacks to steal information at the top and bottom of the hour this iris axes ninety.

America official
"economic pain" Discussed on WIBC 93.1FM

WIBC 93.1FM

02:39 min | 1 year ago

"economic pain" Discussed on WIBC 93.1FM

"The incredible economic pain and it's sad that even do you ask that you would have expected to do this well did particularly poorly but it wow China did it well the U. S. did it poorly China is an authoritarian regime run by communists in Europe plotting them they lied about their numbers and we know this to be true and you're plotting them they shut down society by locking everybody into their homes lord only knows what they did to you if you came out we know that doctors who want to speak out they got thrown into quarantine camps they're dead today not because of coronavirus but because China did not want them speaking out but the U. S. acted poorly I argue that the US could have done more I argue that we have a lot to learn from this I also argue that it's very clear that scientists don't even know the dealing with yet doctors don't know not mad at them I have been mad the we've been talking about this now for weeks people like Bill Gates dear lord you don't get more useful idiot that that's not the sound it's not the mind of an intellectual a play it's not the time when will be the time to note China's failures when they have a further engage our propaganda campaign it's not the time that's that's criminally daft that's daft and yet I still will buy Microsoft over a Google product will that say about me Matt has traffic that's going on now if you are looking to win seventy they're tearing the hell out of right now around shared with them what do they want those vehicles you know it just digs into the conquering pulls it out yeah like one of those vehicles are destroyed Tom Hanks is out of the money but you know when the wind through the window yeah so what about seventies about seventy closed right now both directions on the side read about W. I. B. C. dot com as far as the south what we are done with that crash on the ramp to westbound seventy so we're good to go always clear drivers you will traffic sponsored by all state if you're driving less you could be saving more on car insurance save money with pay per mile insurance from Allstate call local Allstate agent and get a quote I've met there were traffic on the file as follows on Twitter at W. IDC traffic hi I'm Jay Farner CEO of quicken loans and rocket mortgage during the challenging times were all experiencing our top priority is the health and safety of the.

China Europe US Bill Gates Microsoft Matt Tom Hanks Twitter CEO Google Allstate Jay Farner
"economic pain" Discussed on AP News

AP News

09:02 min | 1 year ago

"economic pain" Discussed on AP News

"Some students in Kettering Ohio start their home school day with the pledge of allegiance it was an idea from one mom trying to make her family's new normal feel a little bit like the old one and she included neighbors I and now Jennifer stampers 9 year old son Zach has had a change of heart about school I always wish the school was in the thing right tell Julie Ryan is a second grade teacher who lives on the block I think it brings the neighborhood together when we're supposed to be a part actually after

Kettering Ohio Jennifer stampers Zach Julie Ryan 9 year
"economic pain" Discussed on AP News

AP News

07:37 min | 1 year ago

"economic pain" Discussed on AP News

"It was an idea from one mom trying to make her family's new normal feel a little bit like the old one and she included neighbors I and now Jennifer stampers 9 year old son Zach has had a change of heart about school I always wish the schools in the thing

Jennifer stampers Zach 9 year
"economic pain" Discussed on AP News

AP News

07:37 min | 1 year ago

"economic pain" Discussed on AP News

"As governments across the world in fact emergency measures some are unhappy about having the missteps publicize what others are taking advantage of the crisis to tighten control writing about lapses in apple's screening on his Facebook page don knight was some in Thailand was arrested for violating the computer crime out there by allegedly posting false information Mali nearby Cambodia human rights group has documented 20 full cases of people being detained for sharing information about the client of ours and in Europe Hungary's parliament who's going to rule of the Taliban the power to rule indefinitely by decree I'm Charles de Ledesma more grim economic news is causing another market swing markets have been ping pong between fear and optimism for weeks as investors try to guess just how bad a looming recession may be but more dismal signs are piling up with the virus closing stores and keeping shoppers at home retail sales dropped a record 8.7 percent last month a survey of New York manufacturers at the lowest level in history and American industrial production didn't even meet what were already low expectations from economists stocks were already down in early trading have a losses sped up after those reports came out analysts say this could be the worst economic downturn since the Great Depression solder make ani Washington it was an idea from one mom trying to make her family's new normal feel a little bit like the old one and she included neighbors I and now Jennifer stampers 9 year old son Zach has had a change of heart about school I always wish the schools in the thing and tell Julie Ryan is a second grade teacher who lives on the block I think it brings the neighborhood together when we're supposed to be a part actually after

ani Washington New York Europe Cambodia Facebook Julie Ryan Zach Jennifer stampers apple Charles de Ledesma Taliban Hungary Thailand don knight 8.7 percent
"economic pain" Discussed on Snacks Daily

Snacks Daily

08:04 min | 1 year ago

"economic pain" Discussed on Snacks Daily

"Cougars in key. Biscayne Florida in south. Bend Indiana. This is like the real America that politicians love to talk about. If you're complaining that the barbecue sauce is to vinegary then you better leave Greensboro as soon as possible. Parking spot for bird east cooter. Meanwhile is like a thousand bucks a month. This is a second city strategy and unlike bird wasn't cruising around unlike the San Francisco Marina just trying to get an Asa Ibo. Now we're GONNA take a guess and say that none of you snack are listening to this podcast while east Gruden if you are. You should definitely have a helmet on and you should be doing this indoors or crone. Economy has hurt. East Gouda Companies Line has shut down operations in one hundred cities. The only city still operating Limi- scooters is ones in South Korea and good for South Korea for getting the virus under control. Sadly though lime is just like one hundred employees and they've cut their job openings. Also an APP. Now Lime is a well funded company. They've raised seven hundred sixty five million dollars from venture capital a lot of cash. It's piggy-bank though is almost empty. They're down to fifty or sixty million in cash which is like not a lot of cash threat level midnight. Now here's the news about line. The company is pushing reportedly the red button. The Big Red Button and emergency financing. Lime is trying to raise funds at a get this akers. A FOUR HUNDRED MILLION DOLLAR VALUATION FOR THE COMPANY. That's down eighty percent from its two point four billion dollar valuation from just last year again. This was one of the fastest companies ever to hit Unicorn Status and grow out that Horn now and maybe losing the horn permanently. Its existing. Investors like Andriessen Horowitz Alphabet Uber and fidelity. There bumming really hard. So Jack what's the takeaway for buddies were feeling bad for over at line. Private companies have stocks to you. Don't see them that often knackers public company stocks. They move minute by minute in the Stock Market. Like Lines. Going up and down you see them. Everyday Corona virus has shut down. The cruise industry obsessively check Royal Caribbean stock. And see every second whether it's up or down and by how much it's down. Seventy five percent by the way from Thai and the valuation of the company is simply the Stock Price Times the total number of shares. Which for Royal Caribbean means? It's worth eight point. Five billion dollars. Meanwhile for private companies like startups alike line. They do have a stock price. But you only see a change every few months or year you'll only hear about the stock price of companies lime. When there's a fundraise like there is right now with lime when new investors are buying new shares of the compass so limes potential devaluation is a critical reminder. Now at that private company stock it can also go down and UNICORNS can get de Horned Four. Our third and final story targets issued a very special very surprising very unique business update it turns out. Target is fake rich knackers. There's like four out of six chance right now that you're in aisle four of a store loading up on raisins while you're six feet away for another human being pro tip if you go to a target. Yeah it's totally acceptable to just hold up the thing and ask them to scan the barcode without touching no. It's actually a real thing. You guys should do that. Yeah seriously. It's not impolite. It's impolite if you don't do impolite if you're not all over the barker targeted and out some good news. Read your mind and whipped up a business update for investors before it whips out its earnings update opened up and said we have unusually strong traffic and sales right now. Humble Brag understatement of the century. Right there at this. March sales for target or up twenty percent compared to last year's March Jack. Let me one up on that one. Get this sales of essentials food and beverages they search fifty percent from last orders and non horrors alike. Could just get a normal amount of toilet paper? They've added target to the Google map speed. Dial they're going there so much rain at this point you've got a fair claim to adopt that dog with like the red eyeballed. Ats But this by all those extra sales from Americans looking for their essentials. Target is actually fake. Rich target is fake rich right now. Jackson I noticed that they also warned in the report that they're worried about profits despite all those record sales they're worried about their profit situation. There pausing their plans to remodel three hundred target stores. Yeah I don't know I gotTa do standby Kinda gotta one up here. They are so worried at the profits. There pausing plans to add fresh groceries and adult beverages to curbside pickup. Now One reason. They're so concerned they're spending three hundred million an extra costs for the employees who are working late and the employees who are like extra cleaning the stores to make sure they're disinfect which is extra deserved. They're also giving the hourly employees two hours of extra pay also well-deserved for our but the other big problem. That's facing target right now. Is that sales of its classic. Profit puppies have plummeted twenty percent. We're talking clothing and apparel the stuff target to sell especially targets own labels are you don't even realize it those labels are owned by targe those private labels owned by target or like it's cutest most profit puppies for example. We're talking their brand open story. This is a premium luggage brand. Guess splurging on that right now. Absolutely no one anywhere sports. How about all in motion? That's the Lululemon killer that they're trying to launch for active though one is treating themselves to running gear right now when you can wear sweatpants literally twenty five hours out of the day except some of us who are secretly online shopping when we shouldn't be instead of working from home so Jack while you're doing retail therapy what's the takeaway for buddies over at target. Not all product. Sales are equal a lot of big box stores right now. Gay in the door with things like groceries toilet paper but there's a reason the groceries in the toilet paper and other anti profit puppies. They're shelved way in the back corner of the store. That's because those anti profit puppies have a high cost relative to their price targets. Selling a lot of things right now. Too SCARED AMERICANS. That are barely turning a profit. We're talking toothpaste beans Ginger Ale. They don't make target rich. And that's why it's kind of fake rich right now. And since everybody's just get in the pantry essentials. Nobody is buying the most profitable goods at target. We're not buying the prophet puppies. Jack in your whip the takeaways for us before the weekend three point three million Americans got laid off last week and our filing for unemployment benefits. The stimulus bill. Was It really a stimulus bill? Survive the virus passes bill. Lime was a two point. Five Billion Dollars East COODER UNICORN. But it's been de horned by the Corona Conham even though it stock is private. It looks like the stock at fall. Eighty percent third and final target is. Kinda fake rich right now. It's sales are way up so fakery but its profits are looking way down. Essentials like toilet paper and cans of beans. They aren't targets profit puppies now time for our snap back today this one sent in by fellow New Yorker Mark Rap and spells. Marc with a C. That's important mark. People tend to think of Cleopatra and like the Pyramids of Giza as being in the same era of human civilization. Egypt is not that simple people. Not that's turns out. The Great Pyramid was built two thousand five Hundred Years Before Cleopatra died in thirty BC CRAZY. History context here that means that the Great Pyramids were older to Cleopatra. Cleopatra IS US. Sounds like somebody's got a little too much for mine. Digging out these snack fact. Our minds were a little blown by that but now they're a little less blown mark we appreciate. That wants knackers. Tweet US your stack. Fax Robert Snacks. Also fill out your bracket for snacks. Madness it's going to be a lot of fun. The whole thing's going down at Robin Hood snacks on twitter. Honestly it's the best thing you're going to probably do this week. We'll see you Monday. This is Nick and both Jack and I own shares a Lululemon Jackson shares of spotify. I own shares of CIPOLLA. Well done snacks. Madness is an opportunity for the snack or community to have fun during this crazy month of March while we're all working or stuck at home Robin Hood. Snacks followers vote on their favourite products. Among the thirty two that we've selected as the most newsworthy. The winners will be decided by this knacker's solely through twitter. Paul's matchup results are not indicative company stocks but instead reflective of the snacker favor products or services..

Jack Cleopatra Lime Robin Hood East Gouda Companies Line South Korea Indiana twitter Greensboro America Gruden San Francisco Marina Robert Snacks Limi Andriessen Horowitz Alphabet Google UNICORNS
"economic pain" Discussed on Snacks Daily

Snacks Daily

08:44 min | 1 year ago

"economic pain" Discussed on Snacks Daily

"We've had a nice little run the past few days. Talk to me. What kind of numbers are working with over there? Jack Dow was up eleven percent Tuesday up two percent Wednesday present yesterday. I'm GONNA add all that up. Subtract the to carry the nine. That means we've got a twenty percent gain and that means you got to whip out the old Bullhorn Mickley. We are back in a bull market. It's kind of absurd because the Dow is still down twenty three percent since February. So don't call mom now exactly in the meantime jacket. I whipped up the best snacks daily. We have ever done better than yesterday's knackers one. Economic record has been shattered burned and publicly humiliated. This one is not fun last week. Was The red wedding episode for workers in America three point. Three million Americans got laid off last week. So we're doing Jack and I can do best for this situation with the context for our second story. Lime e scooters was one of the fastest companies to ever Unicorn Status Zero to one billion dollar valuation in like a year. No big deal Unicorn years. That's like twelve which is still pretty young. It's a great way to put that. Now it's valuation may have plummeted by eighty percent. Yes private companies have stocks to. We're jumping in snacks dot. Also can we just call that scooter company? Do we have to say e scooter? Is it an execution? At this point there are a lot of ways we could play around with this third and final story target. You'd think target is living. Its best life literally recording from like. I'll six in the Home Office Department at target and buy literally. We mean totally embellished. Yeah we completely made that up but when you look at what products target is actually selling. It's a different story. We another Dickensian Tale of two prophets. Now before we jump into that soccer's this weekend. We want you to have an activity because we know you need one. You've been cooped up at home trying to get outside but you run like the same blocked ten days in a row this cardinal following me or what in the meantime you're attempting like your eighth souffle in the kitchen? That didn't go well seven times in a row house your body way homework outdoing you've done pushups on the same set of the same floor for two straight weeks. Let's be honest. You're not doing the laundry and that's not necessarily a problem for anyone snacker. We have a respite from your daily monotony respite and monotony. Jack apparently swallowed up the source. For lunch we have these snacks madness brackets. You get to vote on your favorite products. Among thirty two jackknifed selected as the most newsworthy from snap. This is March madness style bracket you fill it out you see. Who's the winner? Let me give you some highlights from the round one showdowns. We got going. We talk around one. I first matchup is yoga pants. First glossiest boy breath all I know is you. Don't vote against boy just going to say that out here. I. I'm going the Yoga Pants for sure. Our second matchup port lays triple. Lane's First Boston beer gardens truly seltzer. This one's going to divide couple. Someone's going to get kicked out of. The House in quarantined outside for like a week. Sam Adams never heard a Sam Adams. It's all about the truly sell the third match. Jack and I want to highlight here. This is like an old man young man battle between Ford's F. One fifty and pay POWs. Then you're going to get in a fight with your dad on this one. He wants the F. One fifty you want the vendor. He actually has no idea what bed Mo is. So it's an easy one now. Winners for each of these matchups are decided through live. Twenty four hour twitter polls. The first ones are live right now at Robin Hood snacks. You gotTa vote followed robinhood snacks. In the meantime Jack and I had thrown brackets up on twitter. Jack who you got for winning the entire mad I got spotify. Podcast winning at all. I'm kinda feeling your vibes. I've got apples. Airports winning snacks clearly promoting our podcast with the selection of the winners that you just there are definitely disclosures involved in this one. I think now's knackers. We have a blank bracket with all thirty two of these products. You can print it out. You can fill it out. You can tweet it out. You can instagram. We want you to participate. If you don't have a printer you can figure out how to market up and fill it out on your computer. We've run out of verbs. We do on a peer pressure on this print out your bracket get out on twitter. Hit is a Robin Hood snacks. Let's in our three stories. Daily Snack Foods Candy. They don't reflect. The views of robinhood family is so. Let's just get recommending any securities. Nope it's not a research report or investment advice to offer or sale of a security business news financial. Llc member FINRA PC four our first story last week set the record for most Americans unfortunately getting laid off. It beat the previous worst week by almost five times smackers. We're talking Guinness. Book of world records at half mast right now. This is not a fun record. It's a record that goes down in infamy exactly now with Jack and I found fascinating about this is that stock markets can be a indicator when stuff like this happen if stocks are doing. Well expect the economy did not do well read afterwards. This is a classic weatherman situation. We got dark clouds. That means. The rain's coming. The dark clouds happened. This was the rain so when stocks fell thirty seven percent was the low that we had on Monday. We knew that a vicious economic thunderstorm was likely coming right so now. The first reign of economic pain is official. It happened yesterday with the weekly jobless claims three point three million. Americans filed unemployment benefits last week. Snack irs let that sink in. We're talking three point. Three million people who got laid off in the last week and that is biggest one week sacking to use a British term. By far we look at the records on the record before had been a big number but not nearly as big seven hundred thousand in one week right during the recession of like two thousand nine. The layoffs happened gradually but last week. Three point three million happened all at once and by the way two weeks ago the number was just two hundred. Eighty thousand Americans filing for unemployment in one week so the jump. Last week was ten times more than the week before this is the corona non essential workers are getting like red wedding style laid off. And it's not a good thing all right smackers. That's the bad news. The good news is the stimulus bill. Which the Senate passed last night. Yeah everybody who got laid off gets continued partial pay and it's part of the social safety net. The point is we want to avoid these three point. Three million people falling into poverty and despair. You don't want missing red payments missing. Kara lease payments. You don't want houses getting foreclosed because all that adds unemployment insurance is part of our social safety net and it's called a safety net for obvious yeah instead of lies getting ruined unemployment. Pays them up to nine hundred dollars a week for up to four months until the economy returns to normal and the economy returns to normal after this virus has been contained. Hopefully all these people can get rehired and again not fall into poverty sue. Jacklin what's the takeaway for our buddies are getting. Unfortunately unemployment claims right. Tackling unemployment benefits is good but not getting laid off in the first place is even better knackers. Now the stimulus bill is here. A three hundred fifty billion dollar pot of money is ready for small and medium sized businesses to take that companies can borrow money from their local bank to survive instead of maybe laying off their workers and quick reminder from what Jack and I mentioned yesterday these loans that small businesses get those become grants. If they don't lay anyone on which means those become free money if you promise not to laugh workers during this tough time we're talking checks from Nanna style right up. The hope is to avoid layoffs that our transition back to the normal economy can be smooth so when you think about the stimulus bill. It wasn't really justice stimulus but it was a survival until the virus passes bill for our second story. Lime is the largest east scooter. Startup in the world and its valuation may plummet by eighty percents. Knackers scooting is the thing trend that we totally miss like mom jeans we in Nazi this coming like mom mom jeans are in. I'm actually living the high waisted lifestyle right now. Jack and I talked everything. How did we Miss Monte? It's coming and what are they gonNA come out with the MOM Khakis? What are they gonNA come out with the MOM version for guys? These high wasted jeans. I'm wearing now I feel great. We should move onto line. Prochet now back to lime scooters which does not have the same Silicon Valley cachet as its rival bird scooters. Let's talk about bird for a second. Bird was founded by a former Uber Guy in Silicon Beach Aka Santa Monica and he launch bird in the top tier cities right. Meanwhile lime decided to launch in a different city not top tier kind of second Tier Greensboro North Carolina. And he was also dishing out the East.

Jack Dow twitter Robin Hood America soccer North Carolina Ford Bird Boston Home Office Department Miss Monte Senate spotify Sam Adams Lane official Silicon Beach
"economic pain" Discussed on AP News

AP News

12:14 min | 1 year ago

"economic pain" Discussed on AP News

"The Senate continues to negotiate the nearly $2000000000000 corona virus relief bill the unprecedented measure includes hundreds of billions of dollars for small businesses to stay in business and pay their workers even if they can't return to the job just yet South Carolina Republican senator Lindsey Graham accuses Democrats of nickel and diming a bill that contains hundreds of billions of dollars for small businesses workers and medical providers I'm not is that not this is been going on for 2 days like everybody else in the country I have lost my patience with the political process a vote is expected Wednesday in the Senate with the house vote to follow timid wire Washington

Senate Washington South Carolina senator Lindsey Graham $2000000000000 2 days
"economic pain" Discussed on AP News

AP News

12:14 min | 1 year ago

"economic pain" Discussed on AP News

"The Senate continues to negotiate the nearly $2000000000000 corona virus relief bill the unprecedented measure includes hundreds of billions of dollars for small businesses to stay in business and pay their workers even if they can't return to the job just yet South Carolina Republican senator Lindsey Graham accuses Democrats of nickel and diming a bill that contains hundreds of billions of dollars for small businesses workers and medical providers I'm not is that not this is been going on for 2 days like everybody else in the country I have lost my patience with the political process a vote is expected Wednesday in the Senate with the house vote to follow timid wire Washington

Senate Washington South Carolina senator Lindsey Graham $2000000000000 2 days
"economic pain" Discussed on AP News

AP News

12:14 min | 1 year ago

"economic pain" Discussed on AP News

"The Senate continues to negotiate the nearly $2000000000000 corona virus relief bill the unprecedented measure includes hundreds of billions of dollars for small businesses to stay in business and pay their workers even if they can't return to the job just yet South Carolina Republican senator Lindsey Graham accuses Democrats of nickel and diming a bill that contains hundreds of billions of dollars for small businesses workers and medical providers I'm not is that not this is been going on for 2 days like everybody else in the country I have lost my patience with the political process a vote is expected Wednesday in the Senate with the house vote to follow timid wire Washington

Senate Washington South Carolina senator Lindsey Graham $2000000000000 2 days
"economic pain" Discussed on AP News

AP News

10:35 min | 1 year ago

"economic pain" Discussed on AP News

"The president acknowledges social distancing has prevented a bigger virus spread and saved lives many many lives but with the economic impact growing end markets falling he wants the country open again in the weeks not months saying without evidence the consequences of keeping it shuttered could be worse than those of the pandemic itself probably more deaths from that than anything that we're talking about with respect to the virus health experts say unless the U. S. continue sharply limiting social interactions virus cases will overwhelm the nation's health care system asked if his top health officials have signed off on his idea the president said they have not I think they're okay with it and I'm okay with it Sager make ani Washington the unprecedented measure includes hundreds of billions of dollars for small businesses to stay in business and pay their workers even if they can't return to the job just yet South Carolina Republican senator Lindsey Graham accuses Democrats of nickel and diming a bill that contains hundreds of billions of dollars for small businesses workers and medical providers I'm not is that not this is been going on for 2 days like everybody else in the country I have lost my patience with the political process a vote is expected Wednesday in the Senate with the house vote to follow timid wire Washington

president Sager Senate Washington South Carolina senator Lindsey Graham 2 days
"economic pain" Discussed on AP News

AP News

10:35 min | 1 year ago

"economic pain" Discussed on AP News

"The president acknowledges social distancing has prevented a bigger virus spread and saved lives many many lives but with the economic impact growing end markets falling he wants the country open again in the weeks not months saying without evidence the consequences of keeping it shuttered could be worse than those of the pandemic itself probably more deaths from that than anything that we're talking about with respect to the virus health experts say unless the U. S. continue sharply limiting social interactions virus cases will overwhelm the nation's health care system asked if his top health officials have signed off on his idea the president said they have not I think they're okay with it and I'm okay with it Sager make ani Washington the unprecedented measure includes hundreds of billions of dollars for small businesses to stay in business and pay their workers even if they can't return to the job just yet South Carolina Republican senator Lindsey Graham accuses Democrats of nickel and diming a bill that contains hundreds of billions of dollars for small businesses workers and medical providers I'm not is that not this is been going on for 2 days like everybody else in the country I have lost my patience with the political process a vote is expected Wednesday in the Senate with the house vote to follow timid wire Washington

president Sager Senate Washington South Carolina senator Lindsey Graham 2 days
"economic pain" Discussed on AP News

AP News

10:35 min | 1 year ago

"economic pain" Discussed on AP News

"Even as top health officials warn Americas corona virus outbreak will get worse president trump says he wants to re open the nation for business soon the president acknowledges social distancing has prevented a bigger virus spread and saved lives many many lives but with the economic impact growing end markets falling he wants the country open again in the weeks not months saying without evidence the consequences of keeping it shuttered could be worse than those of the pandemic itself probably more deaths from that than anything that we're talking about with respect to the virus health experts say unless the U. S. continue sharply limiting social interactions virus cases will overwhelm the nation's health care system asked if his top health officials have signed off on his idea the president said they have not I think they're okay with it and I'm okay with it Sager mag ani Washington the unprecedented measure includes hundreds of billions of dollars for small businesses to stay in business and pay their workers even if they can't return to the job just yet South Carolina Republican senator Lindsey Graham accuses Democrats of nickel and diming a bill that contains hundreds of billions of dollars for small businesses workers and medical providers I'm not is that not this is been going on for 2 days like everybody else in the country I have lost my patience with the political process a vote is expected Wednesday in the Senate with the house vote to follow timid wire Washington

president Senate Washington South Carolina senator Lindsey Graham 2 days
"economic pain" Discussed on AP News

AP News

10:35 min | 1 year ago

"economic pain" Discussed on AP News

"Even as top health officials warn Americas corona virus outbreak will get worse president trump says he wants to re open the nation for business soon the president acknowledges social distancing has prevented a bigger virus spread and saved lives many many lives but with the economic impact growing end markets falling he wants the country open again in the weeks not months saying without evidence the consequences of keeping it shuttered could be worse than those of the pandemic itself probably more deaths from that than anything that we're talking about with respect to the virus health experts say unless the U. S. continue sharply limiting social interactions virus cases will overwhelm the nation's health care system asked if his top health officials have signed off on his idea the president said they have not I think they're okay with it and I'm okay with it Sager mag ani Washington the unprecedented measure includes hundreds of billions of dollars for small businesses to stay in business and pay their workers even if they can't return to the job just yet South Carolina Republican senator Lindsey Graham accuses Democrats of nickel and diming a bill that contains hundreds of billions of dollars for small businesses workers and medical providers I'm not is that not this is been going on for 2 days like everybody else in the country I have lost my patience with the political process a vote is expected Wednesday in the Senate with the house vote to follow timid wire Washington

president Senate Washington South Carolina senator Lindsey Graham 2 days