Dec 19 Watch 7:23 Miracle Money: How a guaranteed income fund is helping San Francisco's homeless By Zachary Green, Jennifer Winter Guaranteed income pilot programs are sweeping the country, but until recently, few, if any, of them have addressed the issue of homelessness. Now, a new program called Miracle Money in San Francisco has already given 14 unhoused people $500 a… Continue watching
Dec 19 Watch 4:46 Prices for new and used cars skyrocket leading up to the holidays By PBS NewsHour With the auto industry still reeling from a computer chip shortage and low production due to COVID-19 shutdowns, rising car prices show no signs of abating soon—and consumers are bearing the brunt of it, with record high average asking prices… Continue watching
Dec 19 Restaurants anxious as omicron, high food costs take toll By Dee-Ann Durbin, Mae Anderson, Sylvia Hui, Associated Press Many businesses said hundreds of festive corporate lunch bookings vanished almost overnight as infections began to soar and Johnson announced tighter restrictions, including mandatory mask-wearing in most indoor spaces, though restaurants are open as usual. Continue reading
Dec 19 Sen. Joe Manchin says no to $2T bill: 'I can't vote for it' By Hope Yen, Associated Press The West Virginia senator cited a multitude of factors weighing on the economy and the potential harm he saw from pushing through the “mammoth” bill, such as persistent inflation, a growing debt and the latest threat from the omicron variant. Continue reading
Dec 17 Federal appeals court allows Biden employer vaccine mandate to take effect By Geoff Mulvihill, Andrew DeMillo, Associated Press Friday's 2-1 ruling from a panel of judges on the 6th U.S. Circuit Court of Appeals reverses a lower-court ruling that had paused the requirement. Republican-led states are challenging the rule. Continue reading
Dec 17 Watch 7:40 Why the toys your child wants for Christmas may be out of stock By Catherine Rampell, Diane Lincoln Estes Christmas is just a week away and for some parents, finding the specific toy their child wants has been a real challenge this season. That's due, in part, to the supply chain problems around the globe — and how it… Continue watching
Dec 17 Union objects to results of two Starbucks unionization votes By Carolyn Thompson, Associated Press The union says the coffee retailer waged a "shock and awe" campaign meant to dissuade workers from voting to unionize. Starbucks denies the accusations. Continue reading
Dec 16 U.S. jobless claims rise but still historically low at 206,000 By Paul Wiseman, Associated Press The number of Americans applying for unemployment benefits rose last week despite signs that the U.S. labor market is rebounding from last year's coronavirus recession. Continue reading
Dec 15 Watch 7:16 Why the Fed will raise interest rates in 2022, and how soon consumers will feel hikes Federal Reserve officials announced Wednesday they are prepared to fight inflation with as many as three rate hikes, starting next spring, in an effort to cool persistently high inflation. Its benchmark rate, which affects borrowing, lending and economic growth, has… Continue watching
Dec 15 The security flaw that's terrified the internet By Frank Bajak, Associated Press Security pros say it's one of the worst computer vulnerabilities they've ever seen. They say state-backed Chinese and Iranian hackers and rogue cryptocurrency miners have already seized on it. Continue reading