An unnamed business in Austin, Texas, is demanding its employees agree to a pay reduction equal to the stimulus checks they’re about to receive from the federal government, according to a local TV station. “By signing the agreement, the company’s employees would have their paychecks be[...]
Posts Tagged ‘Coronavirus’
March 27th, 2020 - 4:16 pm § in Donald Trump, Politics
Amid coronavirus outbreak crisis, Trump orders Pence to ignore governors who don’t worship him
Trump to Pence: “Don’t call the governor of Washington” From CNBC: “President Donald Trump said Friday that he instructed Vice President Mike Pence not to reach out to governors who aren’t ‘appreciative’ of his administration’s efforts to slow the spread of the coronaviru[...]
Senate passes $2 trillion relief bill; House to vote Friday
The Senate passed, 96-0, late Wednesday a $2 trillion bill that provides cash payments to individuals and households, assistance to small businesses, corporate bailouts, enhanced unemployment benefits, money for hospitals, aid to state and local governments, and student provisions. Read the details [...]
March 23rd, 2020 - 7:59 pm § in Politics
Portrait of a Libertarian
Sen. Rand Paul (R-KY) at work. (Image from The Atlantic; read article here.)[...]
March 22nd, 2020 - 3:36 pm § in Economics
How to correctly interpret this “stock market crash”
When you buy stock, you become a part-owner of the company, but in practical terms you’re buying a share of the company’s future earnings. The market prices of shares continually fluctuate, and at any given time, they’re worth whatever investors are willing to pay for them. This is[...]
March 20th, 2020 - 6:02 pm § in Misc.
What coronavirus symptoms are, and when to seek help
A CNN article (read it here) seeks to provide reliable advice about how to identify a coronavirus infection and what to do in that case. Doctors believe symptoms typically begin to appear from 2 to 14 days after exposure. “‘We’re emphasizing fever plus a notable lower respiratory t[...]
March 19th, 2020 - 9:22 pm § in Economics
$$$ McConnell’s Helicopter Money
How Much Will You Get ??? Right now, this is only a proposal, but if legislated in its present form, there would be a single payment of $1,200 for each adult plus $500 for each child for: Individual taxpayers whose adjusted gross income (AGI) on their 2018 tax return was $75,000 or less; Joint filer[...]
March 17th, 2020 - 5:13 pm § in Politics
It’s spring break!
The beaches in Clearwater, Florida, on March 17, 2020. The GOP governor refused to close them. Enjoy this virtual sun from wherever you’re sheltering in place. But don’t wish you were there. Wish these people weren’t there. (NBC News photo; read story here.)[...]
March 15th, 2020 - 3:19 pm § in Economics
BREAKING NEWS: The Fed acts to shore up economy
Rate cuts, QE, other actions are similar to 2008; stock futures drop, triggering trading halt Reacting to the coronavirus emergency, the Federal Reserve announced Sunday it’s cutting interest rates to zero, launching a $700 billion QE (quantitative easing) program, and cutting commercial banks[...]
March 12th, 2020 - 12:14 pm § in Politics
President Biden addresses the nation on virus crisis
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