Category: #Money
The death of cash will bring lasting change. Not all of it good
<p>We will no doubt see a further move towards cashless transactions – but it will take time, says Hamish McRae</p> Source: https://www.independent.co.uk/independentpremium/voices/coronavirus-uk-economy-cashless-sterling-cash-dollars-sweden-germany-b434157.html Droolin’ Dog sniffed…
Democrats used to rail against ‘dark money.’ Now they’re better at it than the GOP.
Reformers wonder if anyone can be trusted to dismantle a system that allows secret funding of campaigns. Source: https://www.nbcnews.com/politics/2020-election/democrats-used-rail-against-dark-money-now-they-re-better-n1239830 Droolin’ Dog sniffed out this story…
E-sports pros have “dream” jobs—but game publishers have all the power
Enlarge / James Eubanks competes during a Call of Duty final in 2017. (credit: Chesnot | Getty Images) In 2008, James “Clayster” Eubanks, then 16,…
Vinyl outsold CDs for the first time since the ’80s
The Recording Industry Association of America has released its mid-year report on the state of the US music industry. While there were plenty of expected…
Trump’s extra $300 jobless benefit already running dry in some states
The extra $300 federal boost to unemployment benefits created under an executive action signed by President Donald Trump is already running out for some states,…
Senate to vote Thursday on GOP coronavirus bill
The Senate will vote Thursday on a scaled-down GOP coronavirus relief bill.Majority Leader Mitch McConnell (R-Ky.) told reporters, as he headed to his office off…
Tech sell-off resumes; Nasdaq down more than 8 percent in 3 days
Big tech stocks are continuing their Icarus-like flight path, and more sharp declines for them are pulling Wall Street lower in early Tuesday trading. The…
Trump eyes spending $100M of his own money in reelection bid: report
President Trump has discussed spending up to $100 million dollars of his personal wealth on his reelection campaign against Democratic presidential nominee Joe Biden, ……
Trump says schools will lose funding if they add 1619 slavery project to curriculum
<p>President’s campaign against history of slavery follows Republican senator’s bill proposing to ban it from schools entirely</p> Source: https://www.independent.co.uk/news/world/americas/us-politics/trump-schools-1619-project-slavery-defund-education-b404780.html Droolin’ Dog sniffed out this story…
LGBT+ Americans disproportionately hit by pandemic’s economic effects
<p>Gay and trans people are 30 per cent more likely to have lost their jobs</p> Source: https://www.independent.co.uk/news/world/americas/coronavirus-lgbt-us-economy-gay-jobs-loss-poll-a9705421.html Droolin’ Dog sniffed out this story and shared it…
The global coronavirus economy: How bad will it get?
Don’t count on a vaccine to save the world economy. In the early months of the coronavirus crisis, policymakers hoped for a V-shaped recovery —…
U.S. debt to reach 100% of GDP in 2021
The federal budget deficit will reach $3.3 trillion in the fiscal year ending this month — more than triple the 2019 shortfall, the nonpartisan Congressional…
Mnuchin to testify as COVID-19 relief impasse drags on
Treasury Secretary Steven Mnuchin is slated to testify Tuesday afternoon before the special House committee investigating the federal response to the coronavirus crisis as a…
Stop the Illegal Wildlife Trade: How pangolins became the ultimate luxury good
We are working with conservation charity Space for Giants to protect wildlife at risk from poachers due to the conservation funding crisis caused by Covid-19….
Jeff Bezos's net worth passes $200bn as pandemic boosts wealth of world's richest
More than $145 billion has been added to the fortunes of the top 10 richest people in the world since the start of the year…
How Trump’s company charged the U.S. government more than $900,000
Trump managed to grift the United States government for nearly a million bucks. This is quite an amazing report by The Washington Post’s David Fahrenthold, Josh…
American Airlines to suspend flights to 15 U.S. cities despite billion-dollar bailout
Congress has been weighing for weeks whether to grant airlines another $25 billion in payroll assistance. Source: https://www.nbcnews.com/business/business-news/american-airlines-suspend-flights-15-u-s-cities-despite-billion-n1237429 Droolin’ Dog sniffed out this story and…
Michigan will pay $600M to residents in Flint water crisis
The deal is intended to resolve all legal actions against the state for its role in a disaster that made the impoverished, majority-Black city a…
Judge throws out Trump effort to block subpoena for tax returns
A federal judge in New York on Thursday dismissed President Trump’s latest effort to stymie a New York grand jury subpoena for his tax returns…
Nearly 40 percent who lost their job in pandemic say they don’t have a month’s worth of savings: survey
Around 38 percent of people who lost a job or had their income reduced due to the coronavirus pandemic cannot last more than a month off…
How this recession is different
The pandemic is striking directly at the heart of what has historically made America stronger than almost any other global economy — our awesome productivity….
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