No surprise to some of us... The number of Americans filing for unemployment insurance unexpectedly rose last week, a sign of the job market’s fragility five months after the coronavirus pandemic began to devastate the economy. The economy remains challenging for many American … [Read more...] about Jobless claims are back up…..
The economy
Reforming the Post Office or Downsizing an American institution ?…Open Thread for 8/15/2020
The US Postal Service is YUGE agency... (It is also unionised ...) It does something probably no other company on earth can do... Deliever letters and packages EVERYWHERE in American around the planet at pretty good prices And it does this as a quasi-public … [Read more...] about Reforming the Post Office or Downsizing an American institution ?…Open Thread for 8/15/2020
Jobless claims drop below 1 million first time in 4 months….
A pleasant surprise.... One might expect that the number might climb up again as some states and local governments begin to start lay-offs due to shrinking tax revenues and some state reclosings... About 960,000 workers filed for unemployment insurance last week, which … [Read more...] about Jobless claims drop below 1 million first time in 4 months….
Will the addition $600 a week jobless benefit really be over?
Republicans wanted to get rid of it.... Then they fell back to $200 a week.... But now? With both the Trump White House guys and Pelosi and Schumer playing hardball? The addition money benefit has run out... There will be a extension of the benefit... It's … [Read more...] about Will the addition $600 a week jobless benefit really be over?
Democrats hold on tight to keeping the $600 jobless benefit….
This isn't 2016-2018.... Democrats have a 40 seat majority in the US House .... Republicans will get nothing from the House Speaker Pelosi unless they make a 'deal' with her... Economists warn that cutting the benefit would hurt the economy.... Senate GOP leader has … [Read more...] about Democrats hold on tight to keeping the $600 jobless benefit….
Replacing the extra $600 in weekly jobless benefits is too complicated for states to implement quickly…
That's the view from the Huffington Post.... It would seem that Republicans and Trump are doing EVERYTHING they can to lose votes come November 3rd..... Will Pelosi go along with this in the House.... Senate Republicans on Monday are set to unveil their long-awaited … [Read more...] about Replacing the extra $600 in weekly jobless benefits is too complicated for states to implement quickly…
Barney Frank does NOT want to see Elizabeth Warren as Biden’s Treasury Sec…
The former Democratic Massachusetts Senator now sits on the board of a Bank.... He correctly points out that Warren would probably send the Stock Market and Bank's into downturn if she was appointed to the position... She IS a bankruptcy expert and NO friend the big banks … [Read more...] about Barney Frank does NOT want to see Elizabeth Warren as Biden’s Treasury Sec…
US Banks increase their rainy day money reserves….
Figuring that right after Donald Trump leaves the stage? (Trump wants MORE tax cuts which would cut even MORE incoming revenue for Social Security and Medicare?) The same thing that greeted Joe Biden's boss President Obama? when Bush II left The US Economy landing in … [Read more...] about US Banks increase their rainy day money reserves….