Feb 25 Biden directive expands jobless aid to more unemployed By Christopher Rugaber, Associated Press Those eligible include people who have turned down job offers because they believed the employers weren't providing sufficient protection from the coronavirus. Continue reading
Feb 25 Boeing will pay $6.6 million to settle FAA allegations By Associated Press Boeing is in more trouble with federal regulators. The Federal Aviation Administration said Thursday that it imposed $5.4 million in civil penalties against the company for violating terms of a previous settlement in 2015. Continue reading
Feb 25 U.S. jobless claims still high at 730,000 but fewest in 3 months By Christopher Rugaber, Associated Press The number of Americans seeking unemployment benefits fell sharply last week in a sign that layoffs may have eased, though applications for aid remain at a historically high level. Continue reading
Feb 24 Facebook says it will pay $1 billion over 3 years to news industry By Tali Arbel, Associated Press News companies want Google and Facebook to pay for the news are on their platforms. Governments in Europe and Australia are increasingly sympathetic to this point of view. Continue reading
Feb 24 Chairman Powell says Federal Reserve is in no hurry to raise interest rates By Martin Crutsinger, Associated Press Powell also warned Wednesday that many who had worked in industries hardest hit by the pandemic and ensuing recession will likely need to find different jobs. Continue reading
Feb 24 WATCH: Biden to order a review of U.S. supply chains for vital goods By Associated Press President Joe Biden is preparing to sign an executive order to review U.S. supply chains for large-capacity batteries, pharmaceuticals and critical minerals. Continue reading
Feb 23 WATCH: Senate holds hearing on SolarWinds hack By Associated Press President Joe Biden has said that dealing with “Russian recklessness and hacking into computer networks in the United States and across Europe and the world has become critical to protecting our collective security.”… Continue reading
Feb 23 Fed Chair Powell says recovery incomplete, higher inflation unlikely By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon. Continue reading
Feb 23 Facebook to lift Australia news ban after dispute over paying for journalism By Rod McGuirk, Associated Press The social media company caused alarm with its sudden decision last week to block news on its platform across Australia. Continue reading
Feb 22 In Texas, attention turns to storm repairs, delivering aid By Jake Bleiberg, Associated Press Many people are still getting a sense of the wreckage left by the icy blast that hit Texas and much of the Deep South last week, knocking out power to millions and contributing to nearly 80 deaths. Continue reading