Oct 06 Watch 5:06 America’s hunger crisis grows more severe amid pandemic recession By Stephanie Sy President Trump’s decision Tuesday to break off talks on a coronavirus relief bill affects millions of Americans who are finding it difficult to afford their basic needs. Nearly half of the 22 million jobs lost during the pandemic have yet… Continue watching
Oct 06 Facebook says it will ban groups that ‘represent’ QAnon By Barbara Ortutay, Associated Press The move comes less than two months after Facebook said it would stop promoting the group and its adherents — but faltered with spotty enforcement. Continue reading
Oct 06 Stocks drop after President Trump calls off stimulus talks By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press Stocks dropped on Wall Street Tuesday after President Donald Trump ordered a stop to negotiations with Democrats over another round of aid for the economy until after the election. Continue reading
Oct 06 Trump halts COVID-19 relief negotiations until after election By Aamer Madhani, Andrew Taylor, Associated Press President Donald Trump says he has instructed aides to stop negotiating on a coronavirus aid plan until after the election, roiling stock markets hoping for an economic boost for hard-hit industries such as the airlines. Continue reading
Oct 06 Fed Chair Powell says lack of further stimulus ‘would lead to a weak recovery’ By Christopher Rugaber, Associated Press Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warned Tuesday. Continue reading
Oct 05 Service sector grows for the 4th consecutive month By Martin Crutsinger, Associated Press The index had fallen sharply for three months starting in March as shutdowns aimed at containing the virus closed many businesses and put millions of Americans out of work. But starting in June, the index has resumed rising. Continue reading
Oct 04 Watch 12:35 This multimillion dollar CA ballot measure could decide the future of gig work By Laura Fong This November, Californians will vote on the future of gig work for rideshare and delivery drivers for companies like Uber, Doordash and Lyft. While a new state law categorizes the workers as ‘employees,’ the companies, who have put over $181… Continue watching
Oct 04 Pope: Market capitalism has failed in pandemic, needs reform By Nicole Winfield, Associated Press Pope Francis says the coronavirus pandemic has proven that the “magic theories” of market capitalism have failed and that the world needs a new type of politics that promotes dialogue and solidarity and rejects war at all costs. Continue reading
Oct 02 Watch 7:44 The deeply unequal economic consequences of the pandemic The last jobs report before Election Day showed the smallest monthly gain since May, raising concerns about a slowing and deeply uneven economic recovery. About half the initial 22 million jobs lost to the pandemic have been added back, but… Continue watching
Oct 02 Stock markets sink after Trump tests positive for coronavirus By Associated Press The future contracts for the S&P 500 and the Dow industrials dropped 1.6% and 1.5%, respectively while the price of oil tumbled almost 4%. Continue reading