@Sandy Shopper wrote:
Yeah, that's the thing about COBRA. Employers have to offer it, but they don't have to make it affordable. Over 20 years ago, my COBRA would have cost nearly a thousand a month. Went a few months with no insurance until the new job's insurance kicked in. A very scary thing to be single and uninsured!
They might believe they have the upper-hand in negotiations, since they are asking for more and the GOP has more to lose. Trump and Mitch are up for re-election this November. I don't think their constituents would accept the excuse that they were trying to get them less stimulus and winded up with nothing.@panama18 wrote:
She said again yesterday that she won't go for a smaller package. "I don't think, strategically, it's where we should go right now" is what she told PBS Newshour.
Strategically. Ya like that? We are all pawns in her game.
@shoptastic wrote:
[www.bloomberg.com]
Pelosi Favors Slimmed-Down Stimulus Now, Then More in January
@Sandy Shopper wrote:
If they've been bankrupted by situations beyond their control (pandemic, natural disasters, etc) then yes, they should.
Well, technically, essential workers are working.@teriraia wrote:
Essential workers - screwed once again. As long as the stock market is gaining there will be no stimulus package. They worked very fast and hard when the market was in trouble but now it is just crickets.
[www.cnbc.com]@ wrote:
The majority of U.S. states are now approved to send workers the extra $300 weekly unemployment benefit from the federal government.
States have been applying for the funds from the Federal Emergency Management Agency (FEMA) over the past few weeks. So far, Arizona and Texas have started paying out the claims.
The following states will also start paying out the enhanced benefit in the coming weeks: Alabama, Alaska, California, Colorado, Connecticut, Georgia, Idaho, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Hampshire, New Mexico, New York, North Carolina, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Vermont and Washington.
Permanent job losses are rising. This has been feared, but somewhat expected too. As PPP loans expire and employers can fire people without fear of jeopardizing their loan forgiveness, as workers once furloughed are now realizing their employer has decided to cut costs and downsize, or as workers come back to businesses that cannot survive anymore in the depressed economic environment, temporary layoffs in the past are becoming permanent.@ wrote:
For reference, there were 13.55 million unemployed workers in the U.S. labor force in August, meaning about 25% consider themselves permanently jobless. By contrast, when unemployment peaked after the last recession in late 2009 at 15.35 million, about 6.82 million were deemed permanent job losers, or roughly 45%. On a percentage basis, August marked the sharpest increase in that ratio on record.
*forgive my snarky mood - no sleep*@Shop-et-al wrote:
I was thrilled when some of the senators proposed a targeted approach to the issue. This showed some restraint and courage. I was horrified by the enormity of the house proposal and that many people seem to want and demand that massive fed teat
No more socialism and back up the Brinks trucks bailouts for corporations and the wealthy and "incremental"-ism and "restraint" for the poor/middle-class, please, Mr. Trump (not that you care, since you're bought by your wealthy donors)!@ wrote:
instead of other, incremental, and/or utterly different approaches to economic change.
[finance.yahoo.com]@ wrote:
More than 35,000 airline industry employees will be laid off from their jobs next week unless Congress is able to pass an extension of the Payroll Support Program (PSP) in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
“I want people to know about the amount of human suffering and economic pain that is going to be inflicted if a deal isn’t cut by October 1,” Airlines For America (A4A) President and CEO Nick Calio told Yahoo Finance. “It’s very real and it can be stopped. It can be prevented.”
Those can only be given with individual free-will. It's an interesting question, as all the money in the world cannot buy kindness, love, mercy, etc.@Shop-et-al wrote:
How can our government help us to develop and spread kindness and mercy? If it is not too expensive, can we get some of that?
Here's what's in the summary list released:@ wrote:
Nancy Pelosi and House Democrats unveiled a revised coronavirus stimulus package proposal earlier today. The relief package is an updated version of the $3.4 trillion HEROES Act that House Democrats passed in May and comes in at $2.2 trillion in cost.
50K airline workers could be laid off tomorrow.@ wrote:
With just hours to go before mass layoffs decimate the airline industry slammed by coronavirus travel cutbacks, workers are pleading with Congress to pass a last-minute deal to save as many as 50,000 people from losing their paycheck.
@shoptastic wrote:
Pelosi says some Dems will stay behind in the House when campaigning begins...next week?
This is not looking good. But, at the same time, it's weird. How will members of Congress explain their decisions to their suffering constituents in an election year? I saw an article a while back where Mitch was getting protested by his own constituents. Some guy said: "Mitch better have my money!"
Can one really be a fiscal hawk and get reelected during an election year and economic depression?
People of every background are suffering. [www.nbcnews.com]
50K airline workers could be laid off tomorrow.@ wrote:
With just hours to go before mass layoffs decimate the airline industry slammed by coronavirus travel cutbacks, workers are pleading with Congress to pass a last-minute deal to save as many as 50,000 people from losing their paycheck.
I haven't seen the latest figures, but remember when it was 5 million job openings to 30 million unemployed?@Shop-et-al wrote:
Meanwhile, I was thinking of only one community. There are humble jobs available for just about anyone who is willing to humble themselves and tackle the work. This work is not enough to replace a high-falutin' career and bolster an ego, but it is enough to provide structure, honest work, and a few bucks.This has an extremely low covid risk, too. Money and no risk? All in the same job? Yup.
I wonder how much other humble work is still available, on a larger scale and in other places?
I hope that whoever votes on just how much money to spread around has a clear picture of who has absolutely no access to work, who is absolutely unable to perform available work, and who is too damned snooty to complete available work.
@ wrote:
That means the percentage rise over a six-month period has been the fastest on record going back more than 50 years. The doubling of those permanent job losses in such a short time frame has never happened before, not even during the Great Recession.
And permanent job losses are poised to keep climbing.
American (AAL)and United Airline (UAL)cut 32,000 jobs on Thursday alone. Disney (DIS) has announced plans to permanently cut 28,000 workers who has been on temporary furlough before now at its US theme parks. JCPenney (JCP) plans to cut 15,000 jobs as its closes 149 stores ahead of the holiday shopping season as part of its plan to emerge from bankruptcy. On Sunday, Cineworld, the owner of Regal Cinemas, said it may have to close more than 500 US theaters indefinitely. None of those permanent job losses are reflected in the most recent numbers from the Labor Department.