$2 Trillion Coronavirus Stimulus Nullifies “How Will You Pay for It?” Question

$2 Trillion Coronavirus Stimulus Nullifies “How Will You Pay for It?” Question

When all of this is behind us, to the extent that it ever can be, let’s not forget what we’ve learned: Congress knows how to spend money when it wants to. Will be helpful when it comes time to address climate change. Source: $2 Trillion Coronavirus Stimulus Nullifies “How Will You Pay … Continue reading $2 Trillion Coronavirus Stimulus Nullifies “How Will You Pay for It?” Question

Italian regions' responses to coronavirus show testing, distancing work - Business Insider

Italian regions’ responses to coronavirus show testing, distancing work – Business Insider

A region of Italy that took earlier and more aggressive measures to fight the coronavirus is now seeing fewer cases. One region, Veneto, tested everybody, even those with no symptoms, and the other region, Lombardy, only tested those with symptoms. The result is that Veneto is seeing a decrease in the spread … Continue reading Italian regions’ responses to coronavirus show testing, distancing work – Business Insider

Airlines are begging for a bailout, but they've used 96% of their cash on stock buybacks over the past 10 years. 

Airlines are begging for a bailout, but they’ve used 96% of their cash on stock buybacks over the past 10 years. 

The Trump administration has proposed $50 billion of emergency aid for airlines ravaged by widespread cancellations amid the coronavirus pandemic. But critics are deriding it as a bailout to an industry that made bad financial decisions. Resistance to the plan emerged among Democrats and even some Republicans. They’re concerned that extra money … Continue reading Airlines are begging for a bailout, but they’ve used 96% of their cash on stock buybacks over the past 10 years. 

Don’t look to the Fed for help on the coronavirus — Congress has the money and power - MarketWatch

Don’t look to the Fed for help on the coronavirus — Congress has the money and power – MarketWatch

The U.S. needs protection for households — that families are not foreclosed on or evicted, that they have income to weather the storm, that credit scores aren’t ruined, that kids are not denied school lunches. It’s not about lowering interest rates, it’s about making sure Americans who are living paycheck to paycheck … Continue reading Don’t look to the Fed for help on the coronavirus — Congress has the money and power – MarketWatch