„We locked down the country and shut down our schools on the basis of a forecast, so why can’t we open it up on the basis of one too? It is not sustainable to leave the public and British businesses languishing any longer,“ Mr Baker told The Telegraph.
Last week Steve Baker, the deputy chair of the Tory backbench Covid Recovery Group (CRG), wrote to MPs calling on them to write to the Government chief whip and make clear an exit strategy was needed.
He told them „inevitably the Prime Minister’s leadership will be on the table“ unless Mr Johnson outlined the return to freedom.
– Tory MPs have urged Boris Johnson to publish draft lockdown exit plan this week
– They said that the gradual easing of draconian curbs must start from March 8
– The Covid Recovery Group warned the PM ‚there cannot be any more excuses‘
Ohio Democrat Senator Sherrod Brown said Tuesday that he would push for a Senate vote on $2,000 stimulus checks by joining Vermont Senator Bernie Sanders’s filibuster on the Senate floor.
Efforts to increase stimulus payments to $2,000 were blocked in the U.S. Senate on Tuesday, while Republican Senate Majority Leader Mitch McConnell put forth a new bill. Sen. Bernie Sanders was one of those making the case for higher stimulus payments. He joins Amna Nawaz to discuss.
Senate Majority Leader Mitch McConnell (R-KY) introduced a bill that ties $2,000-per-person Covid-19 relief checks to a repeal of Section 230, the provision of a 1996 law that protects social media platforms from liability for the way that they moderate third party content.
In doing so, McConnell has likely added a “poison pill” to the effort to increase the Covid-19 relief payments from the current $600.
Senate Majority Leader Mitch McConnell blocked a proposal to vote on the House bill on $2,000 direct payments. Also, the Senate will vote Wednesday to override President Trump’s veto of the NDAA.
Trump responded to comments that Sen. Bernie Sanders (I-VT) could filibuster a move to override the president’s veto of the defense funding bill unless a vote is held on the $2,000 checks.
Replying to details of this potential move, Trump wrote on Twitter: „Give the people $2000, not $600. They have suffered enough!“
Sanders, an independent from Vermont, made the comments after Democrats in the House – joined by 44 Republicans – voted to more than triple the $600 checks included in the coronavirus relief package signed by President Donald Trump over the weekend.
Soon after Sanders’ announcement, Markey said he would join in on the filibuster.
“That relief passed in the House today with 44 Republicans voting for it,” Markey wrote on Twitter. “Senate Republicans must do the same and get the American people the help they need.”
„This week on the Senate floor Mitch McConnell wants to vote to override Trump’s veto of the $740 billion defense funding bill and then head home for the New Year. I’m going to object until we get a vote on legislation to provide a $2,000 direct payment to the working class,“ Sanders tweeted.
The House on Monday approved a bill that would increase COVID stimulus checks to $2,000. The bill is likely dead on arrival in the GOP-controlled Senate, despite President Trump’s insistence on larger checks. Mr. Trump signed a bill on Sunday night that would distribute $600 stimulus checks. Wall Street Journal congressional reporter Siobhan Hughes joins CBSN to discuss.
“As President, I have told Congress that I want far less wasteful spending and more money going to the American people in the form of $2,000 checks per adult and $600 per child,” Trump said in a statement.
“On Monday the House will vote to increase payments to individuals from $600 to $2,000,” he added. “Therefore, a family of four would receive $5,200.”
The Covid-19 relief legislation was passed by Congress on Monday and was flown to Mar-a-Lago on Thursday to await Trump’s signature. But after sitting on the sidelines during the negotiations, Trump emerged with an eleventh-hour complaint that a separate provision in the deal, which the President’s own White House helped broker, would only provide up to $600 in direct payments. Trump wanted to send out $2,000 checks.
President Trump derided the recently-passed coronavirus relief bill as a “disgrace” on Tuesday night, calling on Congress to increase stimulus payments from $600 to $2,000 and get rid of “wasteful and unnecessary items.” The move stunned Congress which has been deadlocked for months over the long-awaited stimulus package to address people’s increasingly desperate situations in the midst of a pandemic-fueled economic downturn.
The US Congress’ $900 billion Covid-19 relief bill was packaged with $1.4 trillion in omnibus spending that includes tens of billions for war, weapons, and regime change abroad, from anti-Russia and anti-China initiatives to $3.3 billion for Israel’s military.
Public intellectual and Harvard professor Dr. Cornel West and political comedian Jimmy Dore have joined the People’s Party Advisory Council. Together with the Movement for a People’s Party, they are launching the Force The Vote petition and organizing campaign. The campaign aims to pressure The Squad and House progressives to refuse to vote for Rep. Nancy Pelosi as Speaker until she publicly pledges to bring Medicare for all to the floor of the House for a vote. Nearly 10,000 people signed the petition overnight.
Dore hosted Dr. West on The Jimmy Dore Show Friday evening where they broke the news. “We’re joining forces with the Movement for a People’s Party. We are ForceTheVote.org,” said Dore. “There’s never a wrong time to do the right thing. And now is the time, in the middle of a deadly pandemic. There’s never been a better time to have a Medicare for all vote.”
The pandemic and a Democrat-controlled House presents a once-in-a-century opportunity to shove hard toward getting Americans the same healthcare rights afforded to everyone else in every major country on earth and forcing all House Democrats who oppose it to expose themselves to their constituents instead of passing the blame to the Republicans. With things getting more and more desperate, waiting for the next once-in-a-century opportunity to even begin pushing is a ridiculous proposition.
In contrast, she said, “this question of whether Pelosi should be ousted altogether, and whether we have to do so because there’s not someone in the ranks, is a new one.”
“It’s an interesting conversation given that we’ve had now two years of these progressive ‘Squad’ members in office who came in really hot to do something about Nancy Pelosi and to threaten her leadership at that point,” she added.
Rep. Alexandria Ocasio-Cortez is publicly rejecting those calls, saying that Democrats don’t have the votes to pass „Medicare for All“ in the House and there are other options the party has that would affect real change.
Commenting on a proposal by European People’s Party group leader Manfred Weber that decisions on issues concerning the rule of law should be left up to the European Commission while disputes should be settled by the Court of Justice of the European Union, Orbán said: “Everyone’s talking all kinds of nonsense and this is also true for Mr. Weber.”
“We’re not stupid, we weren’t born yesterday . we can put two and two together,” the prime minister said, insisting that Weber’s proposal meant that the EU wanted to “force anything onto member states that can be painted as a rule of law issue with a simple majority vote”.
Speaking during a working visit to Prague, where he met Czech President Milos Zeman, Duda said: “There is a preliminary agreement drawn up. Work on it is still underway.”
He added: “The agreement is the result of very strenuous efforts by Poland, Hungary but also the German presidency” of the EU.
Congress returns to Washington this week focused on passing a broader spending bill by December 11 to avert a partial government shutdown, though it’s possible that some relief programs could be added to such a broader spending bill.
The day after Christmas, millions of Americans will lose their jobless benefits, according to a new study. And that could spell financial ruin for many people, like 44-year-old Todd Anderson in the small town of Mackinaw City, Mich.
However, there are major question marks over how the additional spending will be paid for while Downing Street has also been forced to deny that the new money for the military is simply an attempt to impress US President-elect Joe Biden.
There is growing speculation that some of the money could come from the foreign aid budget, with Chancellor Rishi Sunak due to set out the Government’s one-year Spending Review next week.
The UK is setting up „RAF Space Command“, a wing of the Armed Forces which will be capable of launching Britain’s first rocket as early as 2022, the prime minister has announced.
Boris Johnson said a military investment of £16.5 billion will also fund the development of Artificial Intelligence and a National Cyber Force aimed at targeting terrorism, organised crime and hostile state activity.
A letter to Boris Johnson from the Northern Research Group – a newly-launched alliance of Tory MPs led by ex-Northern Powerhouse minister Jake Berry – outlines the group’s demands, which include a tailored economic recovery plan for the north.
Mr Berry says that the virus could widen the North-South divide and ’send the North into reverse‘. His group is now calling for Mr Johnson to ‚level-up the North‘ – something the PM claimed he would do following sweeping Conservative gains in the region in the General Election.
The MPs reminded Johnson of his promises to “level up” disadvantaged parts of the country, which helped persuade voters in former industrial heartlands last December to back his Tories instead of the opposition Labour Party many had supported for decades.
FT research shows London and New York have suffered the most from the pandemic, but more substantial change lies ahead
Darkened storefronts adorned with “Closed” and “For Lease” signs have become common sights in both urban and rural areas.
Maryland is no exception. From my hometown in Takoma Park to the bucolic charm of Chestertown, many businesses have shuttered or are hanging on for dear life.
Sen. Bernie Sanders gives his thoughts on the latest stimulus negotiations and shares his concerns with the proposal being floated by the Trump Administration.
“If the Democrats gain control of the Senate, the first order of business will be a massive stimulus bill to protect desperate working people throughout this country,” Sanders said on Hill.TV’s “Rising.”
The remarks come as Speaker Nancy Pelosi (D-Calif.) and Treasury Secretary Steven Mnuchin press on in their negotiations on COVID-19 aid. Pelosi has stuck to her position that a stimulus package must total at least $2.2 trillion, while the administration has inched up to $1.8 trillion.
After an ambitious expansion of the safety net in the spring saved millions of people from poverty, the aid is now largely exhausted and poverty has returned to levels higher than before the coronavirus crisis, two new studies have found.
The number of poor people has grown by eight million since May, according to researchers at Columbia University, after falling by four million at the pandemic’s start as a result of a $2 trillion emergency package known as the Cares Act.
Asked if she had spoken to President Donald Trump about the possibility of a coronavirus stimulus deal, Pelosi said she doesn’t „speak to the President.“ Pressed on why not — given the suffering of people in desperate need of a stimulus deal to keep their business open or pay their bills — Pelosi responded this way: „What makes me amused if it weren’t so sad, is how you all think that you know more about the suffering of the American people than those of us who are elected by them to represent them at that table.“
Following the announcement of a new three-tier lockdown system, which will see areas with higher Covid rates imposed with harsher measures, the Night Time Industries Association (NTIA) is leading a revolt against new rules that could see thousands of bars and restaurants ordered to close.
Two of the country’s biggest brewers and pub operators, Joseph Holt and JW Lees, are also involved in the challenge, alongside a further 10 hospitality businesses and organisations.
OVERNIGHT stays will be forbidden in northern virus hotspots for four weeks, Boris Johnson will announce today.
As well as the bed ban, residents can only leave the highest risk regions for essential travel such as work, education or health reasons, and must return that day.
Burnham told the Observer that by offering to pay only two-thirds of the wages of people hit by new closures – as opposed to the 80% which applied nationally under the original furlough scheme – ministers would be punishing people in the north in a way that was completely unacceptable.
Burnham said the Conservatives were betraying the people in so-called “red wall” seats who they had persuaded to vote Tory at the general election last December with pledges to “level up” the country.
Last month, Professor Whitty and Sir Patrick – dubbed Glum and Glummer by critics – held their own press conference, warning the infection rate could rise to 50,000 cases a day by mid-October.
Conservative MPs and local leaders in the North have been venting fury about the government’s stance, with former minister Jake Berry accusing the premier of being ‚London-centric‘ and enjoying his sweeping emergency powers ‚a little bit too much‘.
Politicians in Manchester, Liverpool, Newcastle and Sheffield raged at ‚diktats announced without notice‘ and said ministers were treating the North like a ‚petri dish for experimentation‘ while the South gets off lightly.
Tomer Mor, who leads a union of restaurant owners, said many of its members will open their eateries regardless of the government’s decision. “The government will face strong opposition and disobedience by caterers and self-employed people fighting for their lives,” he said.
A protest by restaurant owners against a government decision in July to shut down their businesses with immediate effect succeeded in changing that decision, eventually undoing it altogether.
The Treasury disbursed $146 billion in unemployment benefits in the three months through May, according to data published Monday — more than in the whole of 2009, when jobless rates peaked after the financial crisis.But even that historic figure falls short of a total bill that should have reached about $214 billion for the period, according to Bloomberg calculations based on weekly unemployment filings and the average size of those claims.
The Prime Minister vowed to make “colossal investments” in infrastructure and skills as the latest Office for National Statistics data showed 730,000 fewer people were in paid employment in July than in March, when the UK’s coronavirus lockdown began.
„We’re seeing an unprecedented loss in jobs, and what’s going to come along with that, is unfortunately the loss of health insurance as well,“ Kaiser Executive Vice President Larry Levitt told CBS News‘ Michelle Miller.
U.S. lawmakers and the Trump administration are wrangling after enhanced unemployment aid for as many as 30 million jobless Americans expired. Democrats and Republicans are looking for common ground on the jobless benefits and other help for an economy sagging under the weight of pandemic-induced shutdowns.
Some businesses say they are protesting against pressure exerted on the government by ultra-Orthodox parties, others say their only goal is survival
Between April and June, U.S. gross domestic product (GDP) shrunk at a pace that would have wiped out roughly a third of the value of the economy if extended over 12 months, according to the Commerce Department’s advance estimate of second-quarter growth. It is the largest one-quarter plunge in economic growth since the federal government began reporting quarterly GDP data.
Lockdown has polarised British society; widening the gulf between the haves and have-nots, in a culture war yielding familiar tropes and characters. “Just stay at home, it’s not hard,” says the lawyer to the electrician. “Don’t sunbathe in the park!” cries Pandora from her Notting Hill townhouse. There is some truth in the caricature. But few have noted how the Pandora effect is also playing out on a monstrous global scale, inflicting unimaginable suffering.
Several organizations representing self-employed Israelis have said they will join the protest of the so-called Black Flag movement in Tel Aviv’s Charles Clore Park on Saturday, after police refused to let them demonstrate at a different location, citing coronavirus restrictions.
The Black Flag protests first gained recognition in March, when a motorcade of hundreds of cars made its way to Jerusalem to protest anti-democratic measures to combat the coronavirus, including the approval of civilians’ phone tracking by the Shin Bet security service.
The three independent oversight panels set up by Congress in the bipartisan CARES Act almost four months ago have all encountered serious obstacles — sometimes because of resistance from the White House, other times due to drafting oversights in the authorizing legislation.
As a result, lawmakers and the public may not have a full understanding of how coronavirus relief aid is being spent until after the election. In the meantime, Congress and the White House are moving toward another pandemic bill that’s expected to carry a price tag of at least $1 trillion.
For decades, large businesses have been taking market share from small businesses, and the corporations at the top of the pyramid have been consolidating into ever-bigger megacorporations. In the 1980s, half of retail shopping took place in independent stores; today, it is less than one-quarter. From 2002 to 2017, Home Depot and Lowes almost doubled their joint share of the home-improvement retail market, from 42 to 81 percent. Even before the coronavirus struck, in 43 metropolitan areas more than half of all groceries were bought at Walmart.
The message did not make clear what lies it was accusing the CDC of perpetuating. Trump and those around him have expressed skepticism in the organization and other government experts before.
Business Insider reached out to the White House for comment about the retweet of Woolery’s message but did not immediately receive a response.
A top official in Israel’s Health Ministry slammed a massive rally held in Tel Aviv on Saturday evening as a „health terror[ist] attack“ as a resurgent coronavirus pandemic sweeps across the country.
Deputy Health Minister Yoav Kisch (Likud party) expressed dismay over the event that saw more than 10,000 citizens in attendance, with protesters standing virtually shoulder to shoulder in Tel Aviv’s Rabin Square.
Self-employed from hospitality, tourism and arts industries stage apolitical protest in Tel Aviv ■ Five were arrested
TEL AVIV, ISRAEL – With curbs reimposed, unemployment soaring past 20 percent and aid packages falling short of demands, many Israelis are angry about what they see as the government’s inept response to their economic woes. T
The protest is reportedly organized by NGOs representing self-employed Israelis, but it is expected to be attended by thousands of students, contract employees and business-owners who were financially impacted by the emergency regulations the first time around.
„The protesters do not intend to be nice,“ one of the organizers told the media outlet, adding that the demonstrators‘ plan for Saturday evening is „showing rage and blocking roads to make sure the protest will not be forgotten.“
While the national jobless rate has rebounded as many states started to reopen, New Yorkers continue to lose jobs and seek benefits.
The EU executive said the 19 nation single currency area would contract by a record 8.7% this year before rising by 6.1% in 2021. In early May, the Commission had forecast a downturn this year of 7.7% and a rebound in 2021 of 6.3%.
The 27-nation EU economy is predicted to contract by 7.5% this year, before growing by about 6% in 2021. The group of 19 nations using the euro as their currency will see a record decline of 7.75% this year, and grow by 6.25% in 2021, the European Commission said in its Spring economic forecast.
The former „troika“ of Greece’s creditors, the European Union, the European Central Bank and the International Monetary Fund had „forced (Greece) to do reforms“ even though „there was never really any domestic buy-in“
A six-monthly review of economic performance carried out by the European Commission was sufficient, Mitsotakis said.
The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are jobless.
As the coronavirus-induced shutdown tore through the labor market, the share of population employed dropped sharply from a recent high of 61.2% in January, farther away from a post-war record of 64.7% in 2000.
The Labor Department does not include all of the people who have finished collecting benefits, but did not find a new job. Small business owners, who had to close their companies down, have said that they haven’t been able to collect unemployment even though they aren’t earning any money.
European stocks rose and U.S. equity futures eked out gains, trimming declines at the end of a week dogged by concern about a second wave of coronavirus infections and simmering tension between America and China. Oil climbed and Treasuries drifted.
A revision to Germany’s fourth-quarter performance means Europe’s largest economy is already in a recession. With restrictions to contain the pandemic only slowly being lifted, the economy is set to suffer much more in the three months through June.
The euro and German bunds barely reacted to the data.
State governments are building armies of contact tracers in a new phase of the battle against the coronavirus pandemic, returning to a fundamental practice in public health that can at once wrestle the virus under control and put hundreds of thousands of newly jobless people back to work.
California is already conducting contact tracing in 22 counties, and it eventually plans to field a force of 10,000 state employees, who will be given basic training by University of California health experts.
Thousands of workers, unemployed, self-employed and small business owners took part in demonstrations throughout the country Saturday night, May 2, against the economic and social policy of the far-right government, while demanding support in the wake of the economic crisis brought on by the coronavirus pandemic.
Saturday night, rallies were held in Tel Aviv, Jerusalem, Haifa, Beersheba, Eilat, Kiryat Shmone and Kufr Qassim, with demonstrators condemning as woefully inadequate the government’s limited economic support by means of unemployment stipends and grants.
Krystal Ball discusses Mitch McConnell’s priority to confirm as many conservative judges as he can, as the Senator slows coronavirus relief funds to small businesses.
April 17, 2020
WASHINGTON— Rep. Ilhan Omar (D-MN) unveiled the Rent and Mortgage Cancellation Act, a bill to institute a nationwide cancellation of rents and home mortgage payments through the duration of the coronavirus pandemic. The bill would constitute a full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on their credit rating or rental history. The legislation will establish a relief fund for landlords and mortgage holders to cover losses from the cancelled payments and create an optional fund to fully finance the purchase of private rental properties by non-profits, public housing authorities, cooperatives, community land trusts, and states or local governments—in order to increase the availability of affordable housing during this downturn.
Revelatory, I know:
Reducing payroll taxes is an idea championed by conservatives with connections to the president. They argue that it could be a way to encourage people to work …
Nearly 4 million people, or just over 7% of mortgage holders, have sought relief on their home loans as of April 30, according to housing data provider Black Knight. That’s up sharply from the beginning of March, when fewer than 150,000 mortgages were in forbearance.
The number is only expected to grow, with May payments due soon and with the nation’s unemployment rate expected to reach 15% to 20%.
Collectively, the ten largest U.S. banks expanded by more than $1.2 trillion in the first quarter of 2020. JPMorgan alone grew by nearly 20 percent, becoming the United States’ first bank with $3 trillion in assets. The bank took in $273 billion in new deposits in just three months. That’s equivalent to JPMorgan acquiring PNC Bank — the country’s seventh largest depository institution.
Stephens then compared the current „strategy“ to combat the coronavirus to the U.S. involvement in the Vietnam War.
„We’re trying to destroy the village in order to save it,“ Stephens told Maher, „and I don’t remember that ending very well.“
In March, Stephens declared the coronavirus outbreak was President Trump’s „Chernobyl,“ referring to the 1986 nuclear disaster in the former Soviet Union.
Several recent polls bear out that view.
Another 3.8 million U.S. workers filed for unemployment insurance benefits last week, bringing the total number of Americans who have sought jobless aid since March to at least 30 million. All told, the layoffs amount to the fastest loss of jobs on record.
The four-and-a-half minute rant has received over 1,600,000 views on YouTube, 158,000 likes on Reddit,
„They told me, yes, you can skip three months‘ payments,“ Gullo says. „But then they told me there was a balloon payment at the end of it.“ He was told that after three months, they’d have to come up with all the money for those skipped payments. So they’d suddenly owe four months of mortgage payments all at once — $14,000.
The U.S. economy shrank by an annualized rate of 4.8 percent in the first quarter of 2020 as the coronavirus pandemic forced millions of Americans out of work and thousands of businesses across the country to shutter, according to data released Wednesday by the Commerce Department.
That brings the total of jobless claims in just five weeks to more than 26 million people. That’s more than all the jobs added in the past 10 years since the Great Recession.
European Union leaders are expected to clash over the size and scope of a coronavirus recovery fund as they stand on the precipice of an economic slump unparalleled since the 1930’s Great Depression.
Economic forecasts are becoming routine that predict unemployment will exceed its historic 25 percent peak during the Great Depression, and the number of jobs lost in a mere three weeks now exceeds the 15 million that it took 18 months for the Great Recession to bulldoze from 2007 to 2009.
On March 25th, The Senate voted to pass the 3rd coronavirus relief package based on the proposal from Mitch McConnell and Senate Republicans that features, among other provisions, a nearly $500 billion slush fund that would be controlled by Treasury Secretary Steve Mnuchin. Mnuchin, who is best known for making millions off running a notorious foreclosure mill, would be able to direct corporate bailouts with limited, after-the-fact oversight. This is absolutely unacceptable.
Fernandez also spoke about the current administration under President Alberto Fernandez and the four years ahead of them. “We will keep our promises to the Argentinian people without a doubt,” she mentioned.
How many times does this need to be restated? Germany desperately needs to change its economic model, now more so than ever as its own economy, that of the European Union, and the world as a whole, again teeter on the brink of recession.
Most of all, it needs to make itself more reliant on internal, domestic demand, and less on exports.
So, while the EU might well be the apogee of constrained democracy, constrained democracy has many facets. Moreover, the model of constrained democracy existed on a national level before the EU was created. Indeed, the EU can be seen as the grotesque extension of a flawed system that was first developed within nation states after the First World War. For instance, the model of independent central banking was pioneered in Germany before being transposed to the EU much later on.
Some Britons may feel a touch of schadenfreude from seeing that the German industrial juggernaut is spluttering but its woes are a troubling symptom of a slowing world economy.
Investors are on edge because the German economy shrank in the second quarter, and the US-China trade war still looms large over markets, despite the latest truce. Industrial production in China grew at the weakest rate in 17 years.
How’s that anti-Brexit saviour moment going then @davidschneider ?
Japan has endured a 26-year depression, and there is no end in sight.