Skip to main content

Home/ History Readings/ Group items matching "stimulus-bill" in title, tags, annotations or url

Group items matching
in title, tags, annotations or url

Sort By: Relevance | Date Filter: All | Bookmarks | Topics Simple Middle
15More

Opinion | I Don't Know Who Needs to Hear This, but Brands Can't Save You - The New York... - 0 views

  • After weeks of dithering, Trump all but excused the federal government of much responsibility. Instead, he turned to the only the real power left in the land: America’s brands.
  • it’s worth focusing on the initial embarrassment — on the sorry fact that in order to provide its citizens tests for a pandemic disease, the wealthiest and most powerful nation had to desperately finagle the services of volunteer coders at Google.
  • During the Great Depression, Franklin D. Roosevelt assembled a mighty federal apparatus to rebuild a broken economy. Lyndon Johnson used federal power to bring civil rights to the South. Ours was the sort of government that promised unprecedented achievement, and delivered.
  • ...12 more annotations...
  • But now all that is over; facing the catastrophe of pandemic, our national government stands naked in its mediocrity and impotence. In a call with governors this week, the president made it plain: “Respirators, ventilators, all of the equipment — try getting it yourselves,”
  • The incompetence we see now is by design. Over the last 40 years, America has been deliberately stripped of governmental expertise. This is what happens when you starve the beast. This is what happens when you shrink government down to the size that you can drown it in a bathtub. The plain ineptitude we see now is the end result of a decades-long effort to systematically plunder the federal government of professionalism and expertise and rigor and ability.
  • Much of this project, of course, originated on the political right. It was Ronald Reagan who quipped that the most terrifying words in the English language were “I’m from the government, and I’m here to help.” A parade of Republican-led Congresses sought to shrink federal budgets and stymie federal power.
  • Then, as Michael Lewis documented in “The Fifth Risk,” Trump came to power and began to take a sledgehammer to the government’s core functions. His administration gutted some services deliberately — among them the National Security Council’s pandemic-response team — while leaving other agencies, like the State Department, to shrivel out of neglect.
  • The diminution of governmental expertise in favor of corporate power, then, may have less to with ideology than with diminished expectations on the part of all of us
  • But it would be wrong to pin the government’s incompetence only on partisan ideology. Bill Clinton, celebrating cuts to the safety net, promised that the era of big government was over. Barack Obama pushed for and got an enormous government stimulus passed, but he, too, often seemed uncomfortable with federal power. When it came to creating a universal health care plan, Obama relied on private insurers to get it done; when he wanted to solve the financial crisis, he looked to titans on Wall Street for the solution.
  • The incompetence feeds on itself — the less the government seems to be able to do, the less citizens expect it to do, a downward spiral of ineptitude.
  • Meanwhile, corporations rush in to fill the competence void. Today, it’s the technology industry, not the federal government, that is building tomorrow’s national infrastructure (see Tesla, SpaceX, Amazon or Blue Origin).
  • Rather than letting regulators make weighty decisions about political speech or health care or election spending, we’ve turned over governance to the private sector
  • Facebook, not the Federal Election Commission, decides who gets to run political ads, while health care monopolies decide how much you’ll pay for insulin.
  • The coronavirus crisis should be our wake-up call. The brands can’t help us. The brands won’t help us
  • The most comforting words I can think of now, amid so much uncertainty, chaos and confusion, are these: “I’m from the government, and I’m here to help.”
25More

Live Coronavirus News, Updates and Video - The New York Times - 0 views

  • The Tokyo Olympics have been postponed. New York, now the center of the outbreak in America, braces for a flood of patients. The playwright Terrence McNally dies of complications from the coronavirus.
  • tocks rallied on the hope that Washington was close to producing a stimulus bill. Shares soared for airlines and other companies expected to benefit.
  • Trump expressed outrage at having to ‘close the country’ to curb the spread of the virus.
  • ...22 more annotations...
  • Even as nations from Britain to India declare nationwide economic lockdowns, President Trump said he “would love to have the country opened up, and just raring to go, by Easter,” less than three weeks away, a goal that top health professionals have called far too quick.
  • he expressed outrage about having to “close the country” to curb the spread of the coronavirus and indicated that his guidelines on business shutdowns and social distancing would soon be lifted.
  • “I gave it two weeks,” he said, adding, “We can socially distance ourselves and go to work.”
  • “We are honored to serve and put our lives on the front line to protect and save as many lives as possible,” the American Medical Association, American Hospital Association and American Nurses Association wrote in an open letter. “But we need your help.”
  • Mr. Trump fell back on his comparison of the coronavirus to the flu, saying that despite losing thousands of people to the flu, “We don’t turn the country off.”
  • States including California, Maryland, Illinois and Washington have declared stay-at-home or shutdown orders, but other states have been looking for directives from the Trump administration. And countries in Asia are beginning to see a resurgence of coronavirus after easing up on restrictions.
  • For governors and mayors who have been trying to educate people about the urgent need to stay home and maintain social distance, Mr. Trump’s recent statements suggesting that such measures may be going too far threatened to make their jobs more difficult.
  • Mr. Hogan, the chairman of the bipartisan National Governors Association, said that health officials suggest that the virus’s peak could be weeks or months away. “We’re just trying to take the best advice that we can from the scientists and all the experts, and making the decisions that we believe are necessary for our states,” he said.
  • Both Mr. Trump and Vice President Mike Pence said that a lockdown had never been under consideration for the United States.
  • But the president and vice president were resolute that they want the country reopened. Mr. Pence said the administration’s timeline for trying to get businesses restarted and workers out of their homes was shorter than the period that health experts have said would be necessary to flatten the curve.
  • “We’ll focus on our most vulnerable, but putting America back to work will also be a priority, in weeks not months,” Mr. Pence said.
  • Mr. Pence also said two malaria drugs, chloroquine and hydroxychloroquine, had been approved by the Food and Drug Administration for off-label use treating patients with Covid-19, the disease caused by the coronavirus. The F.D.A. did not immediately confirm that assertion, but two administration health officials said it was not true.
  • India, the world’s second-most populous country, will order its 1.3 billion people to stay inside their homes for three weeks to try to curb the spread of the coronavirus, Prime Minister Narendra Modi declared on Tuesday.
  • Left unclear was how Indians would be able to get food and other needed supplies. Mr. Modi alluded vaguely to the government and civil society groups stepping in to help, but offered no details.
  • Mr. Modi also pledged to spend about $2 billion on medical supplies, isolation rooms, ventilators, intensive care units and training for medical personnel to combat the pandemic.
  • New York’s case count is doubling every three days, the governor says.
  • “We haven’t flattened the curve,” he said. “And the curve is actually increasing.” The governor, appearing in front of piles of medical supplies, spoke in a far more sober tone and delivered notably bleaker news than he has in previous days.The peak of infection in New York could come as soon as two to three weeks, far earlier than previously anticipated, Mr. Cuomo said, which would put even bigger strain on the health care system than officials had feared.
  • The governor said the state now projects that it may need as many as 140,000 hospital beds to house virus patients, up from the 110,000 projected a few days ago. As of now, only 53,000 are available. Up to 40,000 intensive-care beds could be needed. “Those are troubling and astronomical numbers,” he said.
  • In New York City alone, there have been around 15,000 cases.“Look at us today,” he warned the rest of the country. “Where we are today, you will be in four weeks or five weeks or six weeks. We are your future.”
  • Perhaps it was inevitable that New York City and surrounding suburbs would become the epicenter of the coronavirus epidemic in the United States. The population density, reliance on public transportation and constant influx of tourists — all would seem to make the metropolitan area a target.
  • But to stop the virus, scientists have to figure out which factors played a greater role than others. As it turns out, that is not so simple.
  • Perhaps the epidemic in New York had less to do with the virus than with discrete opportunities to spread: In so-called super-spreader events, one patient somehow manages to infect dozens, even scores of others. At one point, half the cases in Massachusetts were attributed to a single initial infection.
60More

Warnings Ignored: A Timeline of Trump's COVID-19 Response - The Bulwark - 0 views

  • the White House is trying to establish an alternate reality in which Trump was a competent, focused leader who saved American people from the coronavirus.
  • it highlights just how asleep Trump was at the switch, despite warnings from experts within his own government and from former Trump administration officials pleading with him from the outside.
  • Most prominent among them were former Homeland Security advisor Tom Bossert, Commissioner of the Food and Drug Administration Scott Gottlieb, and Director for Medical and Biodefense Preparedness at the National Security Council Dr. Luciana Borio who beginning in early January used op-eds, television appearances, social media posts, and private entreaties to try to spur the administration into action.
  • ...57 more annotations...
  • what the administration should have been doing in January to prepare us for today.
  • She cites the delay on tests, without which “cases go undetected and people continue to circulate” as a leading issue along with other missed federal government responses—many of which are still not fully operational
  • The prescient recommendations from experts across disciplines in the period before COVID-19 reached American shores—about testing, equipment, and distancing—make clear that more than any single factor, it was Trump’s squandering of out lead-time which should have been used to prepare for the pandemic that has exacerbated this crisis.
  • What follows is an annotated timeline revealing the warning signs the administration received and showing how slow the administration was to act on these recommendations.
  • The Early Years: Warnings Ignored
  • 2017: Trump administrations officials are briefed on an intelligence document titled “Playbook for Early Response to High-Consequence Emerging Infectious Disease Threats and Biological Incidents.” That’s right. The administration literally had an actual playbook for what to do in the early stages of a pandemic
  • February 2018: The Washington Post writes “CDC to cut by 80 percent efforts to prevent global disease outbreak.” The meat of the story is “Countries where the CDC is planning to scale back include some of the world’s hot spots for emerging infectious disease, such as China, Pakistan, Haiti, Rwanda and Congo.”
  • May 2018: At an event marking the 100 year anniversary of the 1918 pandemic, Borio says “pandemic flu” is the “number 1 health security issue” and that the U.S. is not ready to respond.
  • One day later her boss, Rear Adm. Timothy Ziemer is pushed out of the administration and the global health security team is disbanded
  • Beth Cameron, former senior director for global health security on the National Security Council adds: “It is unclear in his absence who at the White House would be in charge of a pandemic,” Cameron said, calling it “a situation that should be immediately rectified.” Note: It was not
  • January 2019: The director of National Intelligence issues the U.S. Intelligence Community’s assessment of threats to national security. Among its findings:
  • A novel strain of a virulent microbe that is easily transmissible between humans continues to be a major threat, with pathogens such as H5N1 and H7N9 influenza and Middle East Respiratory Syndrome Coronavirus having pandemic potential if they were to acquire efficient human-to-human transmissibility.”
  • Page 21: “We assess that the United States and the world will remain vulnerable to the next flu pandemic or large scale outbreak of a contagious disease that could lead to massive rates of death and disability, severely affect the world economy, strain international resources, and increase calls on the United States for support.”
  • September, 2019: The Trump Administration ended the pandemic early warning program, PREDICT, which trained scientists in China and other countries to identify viruses that had the potential to turn into pandemics. According to the Los Angeles Times, “field work ceased when funding ran out in September,” two months before COVID-19 emerged in Wuhan Province, China.
  • 2020: COVID-19 Arrives
  • anuary 3, 2020: The CDC is first alerted to a public health event in Wuhan, China
  • January 6, 2020: The CDC issues a travel notice for Wuhan due to the spreading coronavirus
  • Note: The Trump campaign claims that this marks the beginning of the federal government disease control experts becoming aware of the virus. It was 10 weeks from this point until the week of March 16 when Trump began to change his tone on the threat.
  • January 10, 2020: Former Trump Homeland Security Advisor Tom Bossert warns that we shouldn’t “jerk around with ego politics” because “we face a global health threat…Coordinate!”
  • January 18, 2020: After two weeks of attempts, HHS Secretary Alex Azar finally gets the chance to speak to Trump about the virus. The president redirects the conversation to vaping, according to the Washington Post. 
  • January 21, 2020: Dr. Nancy Messonnier, the director of the National Center for Immunization and Respiratory Disease at the CDC tells reporters, “We do expect additional cases in the United States.”
  • January 27, 2020: Top White House aides meet with Chief of Staff Mick Mulvaney to encourage greater focus on the threat from the virus. Joe Grogan, head of the White House Domestic Policy Council warns that “dealing with the virus was likely to dominate life in the United States for many months.”
  • January 28, 2020: Two former Trump administration officials—Gottlieb and Borio—publish an op-ed in the Wall Street Journal imploring the president to “Act Now to Prevent an American Epidemic.” They advocate a 4-point plan to address the coming crisis:
  • (1) Expand testing to identify and isolate cases. Note: This did not happen for many weeks. The first time more than 2,000 tests were deployed in a single day was not until almost six weeks later, on March 11.
  • (3) Prepare hospital units for isolation with more gowns and masks. Note: There was no dramatic ramp-up in the production of critical supplies undertaken. As a result, many hospitals quickly experienced shortages of critical PPE materials. Federal agencies waited until Mid-March to begin bulk orders of N95 masks.
  • January 29, 2020: Trump trade advisor Peter Navarro circulates an internal memo warning that America is “defenseless” in the face of an outbreak which “elevates the risk of the coronavirus evolving into a full-blown pandemic, imperiling the lives of millions of Americans.”
  • January 30, 2020: Dr. James Hamblin publishes another warning about critical PPE materials in the Atlantic, titled “We Don’t Have Enough Masks.”
  • January 29, 2020: Republican Senator Tom Cotton reaches out to President Trump in private to encourage him to take the virus seriously.
  • Late January, 2020:  HHS sends a letter asking to use its transfer authority to shift $136 million of department funds into pools that could be tapped for combating the coronavirus. White House budget hawks argued that appropriating too much money at once when there were only a few U.S. cases would be viewed as alarmist.
  • Trump’s Chinese travel ban only banned “foreign nationals who had been in China in the last 14 days.” This wording did not—at all—stop people from arriving in America from China. In fact, for much of the crisis, flights from China landed in America almost daily filled with people who had been in China, but did not fit the category as Trump’s “travel ban” defined it.
  • January 31, 2020: On the same day Trump was enacting his fake travel ban, Foreign Policy reports that face masks and latex gloves are sold out on Amazon and at leading stores in New York City and suggests the surge in masks being sold to other countries needs “refereeing” in the face of the coming crisis.
  • February 4, 2020: Gottlieb and Borio take to the WSJ again, this time to warn the president that “a pandemic seems inevitable” and call on the administration to dramatically expand testing, expand the number of labs for reviewing tests, and change the rules to allow for tests of people even if they don’t have a clear known risk factor.
  • Note: Some of these recommendations were eventually implemented—25 days later.
  • February 5, 2020: HHS Secretary Alex Azar requests $2 billion to “buy respirator masks and other supplies for a depleted federal stockpile of emergency medical equipment.” He is rebuffed by Trump and the White House OMB who eventually send Congress a $500 million request weeks later.
  • February 4 or 5, 2020: Robert Kadlec, the assistant secretary for preparedness and response, and other intelligence officials brief the Senate Intelligence Committee that the virus poses a “serious” threat and that “Americans would need to take actions that could disrupt their daily lives.”
  • February 5, 2020: Senator Chris Murphy tweets: Just left the Administration briefing on Coronavirus. Bottom line: they aren't taking this seriously enough. Notably, no request for ANY emergency funding, which is a big mistake. Local health systems need supplies, training, screening staff etc. And they need it now.
  • February 9, 2020: The Washington Post reports that a group of governors participated in a jarring meeting with Dr. Anthony Fauci and Dr. Robert Redfield that was much more alarmist than what they were hearing from Trump. “The doctors and the scientists, they were telling us then exactly what they are saying now,” Maryland Gov. Larry Hogan (R) said.
  • the administration lifted CDC restrictions on tests. This is a factually true statement. But it elides that fact that they did so on March 3—two critical weeks after the third Borio/Gottlieb op-ed on the topic, during which time the window for intervention had shrunk to a pinhole.
  • February 20, 2020: Borio and Gottlieb write in the Wall Street Journal that tests must be ramped up immediately “while we can intervene to stop spread.”
  • February 23, 2020: Harvard School of Public Health professor issues warning on lack of test capability: “As of today, the US remains extremely limited in#COVID19 testing. Only 3 of ~100 public health labs haveCDC test kits working and CDC is not sharing what went wrong with the kits. How to know if COVID19 is spreading here if we are not looking for it.
  • February 24, 2020: The Trump administration sends a letter to Congress requesting a small dollar amount—between $1.8 billion and $2.5 billion—to help combat the spread of the coronavirus. This is, of course, a pittance
  • February 25, 2020: Messonier says she expects “community spread” of the virus in the United States and that “disruption to everyday life might be severe.” Trump is reportedly furious and Messonier’s warnings are curtailed in the ensuing weeks.
  • Trump mocks Congress in a White House briefing, saying “If Congress wants to give us the money so easy—it wasn’t very easy for the wall, but we got that one done. If they want to give us the money, we’ll take the money.”
  • February 26, 2020: Congress, recognizing the coming threat, offers to give the administration $6 billion more than Trump asked for in order to prepare for the virus.
  • February 27, 2020: In a leaked audio recording Sen. Richard Burr, chairman of the Intelligence Committee and author of the Pandemic and All-Hazards Preparedness Act (PAHPA) and the Pandemic and All-Hazards Preparedness and Advancing Innovation Act (reauthorization of PAHPA), was telling people that COVID-19 “is probably more akin to the 1918 pandemic.”
  • March 4, 2020: HHS says they only have 1 percent of respirator masks needed if the virus became a “full-blown pandemic.”
  • March 3, 2020: Vice President Pence is asked about legislation encouraging companies to produce more masks. He says the Trump administration is “looking at it.”
  • March 7, 2020: Fox News host Tucker Carlson, flies to Mar-a-Lago to implore Trump to take the virus seriously in private rather than embarrass him on TV. Even after the private meeting, Trump continued to downplay the crisis
  • March 9, 2020: Tom Bossert, Trump’s former Homeland Security adviser, publishes an op-ed saying it is “now or never” to act. He advocates for social distancing and school closures to slow the spread of the contagion.
  • Trump says that developments are “good for the consumer” and compares COVID-19 favorably to the common flu.
  • March 17, 2020: Facing continued shortages of the PPE equipment needed to prevent healthcare providers from succumbing to the virus, Oregon Senators Jeff Merkeley and Ron Wyden call on Trump to use the Defense Production Act to expand supply of medical equipment
  • March 18, 2020: Trump signs the executive order to activate the Defense Production Act, but declines to use it
  • At the White House briefing he is asked about Senator Chuck Schumer’s call to urgently produce medical supplies and ventilators. Trump responds: “Well we’re going to know whether or not it’s urgent.” Note: At this point 118 Americans had died from COVID-19.
  • March 20, 2020: At an April 2nd White House Press Conference, President Trump’s son-in-law Jared Kushner who was made ad hoc point man for the coronavirus response said that on this date he began working with Rear Admiral John Polowczyk to “build a team” that would handle the logistics and supply chain for providing medical supplies to the states. This suggestion was first made by former Trump Administration officials January 28th
  • March 22, 2020: Six days after calling for a 15-day period of distancing, Trump tweets that this approach “may be worse than the problem itself.”
  • March 24, 2020: Trump tells Fox News that he wants the country opened up by Easter Sunday (April 12)
  • As Trump was speaking to Fox, there were 52,145 confirmed cases in the United States and the doubling time for daily new cases was roughly four days.
13More

Republican tax cuts will hurt Americans. And Democrats will pay the price | Bruce Bartl... - 0 views

  • The theory was laid out almost 30 years ago by two Swedish economists, Torsten Persson and Lars EO Svensson.
  • they explained why a stubborn conservative legislator would intentionally run a big budget deficit.
  • It has to do with what economists call time inconsistency – the consequences of actions taken today may not appear until the future, when a different political party will be in power. Thus the credit or blame will accrue to that party rather than the one that implemented the policy, because voters tend to attribute whatever is happening today to the party in power today even if that party had nothing to do with it.
  • ...10 more annotations...
  • Thus Barack Obama got blamed for a recession and resulting budget deficits he had nothing to do with originating.
  • Of course, another reason for those deficits is that Republicans systematically decimated the federal government’s revenue-raising capacity during the George W Bush administration with one huge tax cut after another
  • The payoff for this orgy of tax-cutting came when Obama took office. All of a sudden, Republicans noticed that there were large deficits and insisted that Obama do something about them right this minute! They even made the nonsensical argument that spending cuts would stimulate growth by reducing the burden of government.
  • Obama’s hands were tied by the deficit hawks in his own party as well and prevented from offering an economic stimulus adequate to offset the loss of aggregate demand resulting from the great recession that began in December 2007 on Bush’s watch. Obama even joined with Republicans to slash spending in the 2011 budget deal and put in place budget controls that made it virtually impossible to pursue any positive Democratic initiatives for the balance of his presidency. No wonder Trump won.
  • I think Republicans remember better than Democrats the lesson of 1993 as well. Bill Clinton was elected in 1992 on an activist agenda. But once in office, he was persuaded to reverse course and put all his efforts into deficit reduction.
  • Its key element was a significant tax increase that every Republican in Congress voted against. They said it would crash the economy, but was instead followed by an economic boom. Unfortunately, the boom didn’t become apparent until after the 1994 election in which Democrats took heavy losses – in large part because of the tax increase. Republicans got control of both houses of Congress for the first time in 40 years.
  • I believe that the same cycle will rerun over the next few years. Should Democrats get control of the House and/or Senate next year, Trump and his party will insist that deficit reduction be the only order of business. Automatic spending cuts resulting directly from the tax cut will start to bite, hurting the poor and middle class primarily, according to the Congressional Budget Office, and making them forget that they resulted from a huge tax give-away to the wealthy that increased the deficit by $1.5tn. Democrats will get much of the blame due to time-inconsistency.
  • Keep in mind that no matter how big the deficit gets from the tax cut Republicans are rushing to enact, none of them will ever vote to undo those cuts or raise taxes except, perhaps, in ways that further burden the poor, such as raising the gasoline tax. That is because they all signed a tax pledge promising never to raise taxes. Therefore, any deficit reduction will either consist solely of spending cuts or pass with only Democratic votes, as was the case in 1993.
  • Grover Norquist, planned it this way. I doubt he has ever read Persson and Svensson, but understood intuitively that the tax pledge was guaranteed to ratchet down the size of government forever. It wouldn’t happen all at once, but over a period of decades. The history of fiscal policy since the pledge was originated in 1988 is, sadly, proof that it has worked exactly as he hoped.
  • The Democrats’ only hope is to defeat the tax cut in its entirety and not be seduced by Republican efforts to tilt it more in favor of the middle class. Once the deficit is programmed to increase by another $1.5tn the Republican trap will be set and Democrats will again be on the path to cleaning up their fiscal mess. Just say no to tax cuts is my advice.
7More

Today's Business News: Live Updates on United Airlines and Unemployment Claims - The Ne... - 0 views

  • While vaccination efforts have gathered speed and restrictions on activities have receded in many states, the job market is showing signs of life.
  • Initial claims for state unemployment benefits fell last week to 657,000, a decrease of 100,000 from the previous week, the Labor Department reported Thursday. It was the lowest weekly level of initial state claims since the pandemic upended the economy a year ago.
  • “This is definitely a positive signal and a move in the right direction,” said Rubeela Farooqi, chief U.S. economist for High Frequency Economics.
  • ...4 more annotations...
  • In addition, there were 242,000 new claims for Pandemic Unemployment Assistance, a federal program covering freelancers, part-timers and others who do not routinely qualify for state benefits, a decrease of 43,000.
  • Although the pace of vaccinations, as well as passage of a $1.9 trillion relief package this month, has lifted economists’ expectations for growth, the labor market has lagged behind other measures of recovery.
  • Diane Swonk, chief economist at the accounting firm Grant Thornton, said she hoped for consistent employment gains but her optimism was tempered by concern about the longer-term displacement of workers by the pandemic.
  • “The numbers are encouraging, but no one is jumping the gun and hiring up for what looks to be a boom this spring and summer,” she said. “There is a reluctance to get ahead of activity.”
2More

Opinion | Biden Wants to Spend Billions to Fight Climate Change. It's Not Enough. - The... - 0 views

  • Biden’s plan absolutely dwarfs the last big spending bill to address the climate, Barack Obama’s 2009 stimulus, which provided $90 billion in investments for clean energy. Biden would spend nearly that much just on public transit. He also calls for $174 billion for electric vehicle infrastructure; $80 billion to improve rail lines; $50 billion to strengthen essential services against severe weather; and $35 billion for climate-related research and development.
  • A 2019 estimate by the Roosevelt Institute suggests it will take about $1 trillion in spending per year over at least 10 years to achieve a carbon-neutral American economy; several other estimates come to a similar conclusion.
3More

Live Stock Market Updates: Inflation and More - The New York Times - 0 views

  • The federal budget deficit topped $1 trillion for the first five months of the fiscal year, as the United States recorded red ink at a record clip while trying to combat the coronavirus pandemic.
  • The Congressional Budget Office projected in February that the federal budget deficit will hit $2.3 trillion this year. Those numbers do not account for the $1.9 trillion relief package that Congress passed on Wednesday, which the C.B.O. estimates will add that amount to the deficit over the next 10 years.
  • Once the stimulus package is enacted, the White House is expected to push a costly infrastructure bill that it hopes will pass later this year.
7More

Biden Backs Labor Movement as Amazon Workers Weigh Unionization: Live Updates - The New... - 0 views

  • President Biden expressed solidarity with workers attempting to unionize an Amazon facility in Alabama in a video released Sunday that emphasized his broad support of the labor movement — without explicitly backing their cause or naming the company itself.
  • Around 6,000 workers at an Amazon warehouse in Bessemer, a former steel town outside of Birmingham, are voting over the next week on whether they want to be represented by the Retail, Wholesale and Department Store Union.
  • If successful, they would be the first of Amazon’s 400,000 American workers to join a union — a landmark undertaking and early test of Mr. Biden’s campaign claim that he will be the “most pro-union president” ever.
  • ...4 more annotations...
  • “Let me be really clear: It’s not up to me to decide whether anyone should join a union,” he said. “But let me be even more clear: It’s not up to an employer to decide that either.”
  • More than 2,000 of the warehouse’s workers signed cards indicating interest in joining the union, meeting the threshold to hold a vote under National Labor Relations Board rules.
  • The site of the unionization drive is not insignificant. Alabama was a key battleground for the civil rights struggles of the 1960s, and many of the workers at the Bessemer facility are Black, a fact that Mr. Biden noted on Sunday. But Alabama is now a right-to-work state, making it harder for unions to organize or negotiate with employers — which has made it a draw for big companies, especially auto manufacturers.
  • The unionization drive takes place at a time of “reckoning on race,” Mr. Biden said, adding, “It reveals the deep disparities that still exist in our country.”
6More

Obamacare's About to Get a Lot More Affordable. These Maps Show How. - The New York Times - 0 views

  • The American Rescue Plan broadens the subsidies available under the Affordable Care Act for comprehensive health insurance — increasing them for people who are already eligible, and providing new assistance for people with incomes previously too high to qualify. The top set of maps, drawn from calculations made by the Kaiser Family Foundation, show how much the changes will reduce what people pay for health insurance around the country, depending on their location and age.
  • For anyone earning around $19,000, subsidies will now be generous enough to sign up for a typical plan with no monthly payment. For someone earning over $51,000, new subsidies could lower premiums by as much as $1,000 a month in the country’s most expensive markets.
  • Some groups still won’t qualify for help: undocumented immigrants, and poor Americans in states that have not expanded Medicaid under an option provided by the Affordable Care Act. But a large majority of uninsured Americans can now get financial help buying insurance
  • ...3 more annotations...
  • To qualify for the new benefits, people need to sign up for plans at Healthcare.gov or a state exchange website. The changes will be retroactive to Jan. 1, meaning that people who already have Obamacare plans will get money back. Anyone who is uninsured now can qualify for new prices as soon as they sign up.
  • All the eligible plans must cover a standard set of comprehensive benefits, including prenatal care, prescription drugs and mental health services
  • If you are receiving unemployment insurance, the legislation entitles you to a special discount: Regardless of your income, your premiums will look similar to that of the person earning $19,000 on our maps. And if you lost your coverage at work and want to keep it, the bill will also pay the full cost of your premiums for six months under the federal COBRA program.
7More

Biden to urge vigilance and offer hope on anniversary of lockdown | Reuters - 0 views

  • The Democratic president, who campaigned on a promise to curb the pandemic more effectively than his Republican predecessor Donald Trump, has told Americans since his January inauguration that more deaths and pain were coming from COVID-19.
  • But with the vaccinated population slowly increasing, Biden is conveying fresh hope even as he urges people to continue to be cautious to prevent further flare-ups.
  • Roughly 530,000 people have died from COVID-19 in the United States, and just about 10% of Americans have been fully vaccinated.
  • ...4 more annotations...
  • The president is expected to warn Americans who, like people worldwide, are weary of pandemic restrictions, not to revert to normal behavior prematurely.
  • Biden secured an early legislative victory this week as the Democratic-led Congress passed his $1.9 trillion pandemic-related stimulus bill, which his administration plans to highlight in coming weeks before pushing more of his campaign-trail “Build Back Better” plan.
  • White House senior adviser Andy Slavitt said on MSNBC that he was increasingly optimistic that the country could protect its vulnerable population: “We need to do more and step on the gas the next few weeks and months to get that done, and you’re going to hear that from the president tonight.”
  • As of Wednesday morning, nearly 128 million doses of coronavirus vaccines from the three authorized U.S. providers had been distributed and nearly 96 million shots administered, government data showed.
8More

Opinion | There Is a Generational Divide Among Republicans - The New York Times - 0 views

  • Where do Republicans go from here? Is it more populism? Trumpism without Trump? Trumpism with Trump? Warmed-over Reaganism? Will the party embrace a middle-class agenda?
  • But in my experience the most interesting and honest conversations are happening in private, with people trying to answer the question, “Who are we and what comes next?”
  • But the debate about the nature and direction of the American right became much more concrete when the Biden administration included a child allowance as part of the Covid relief bill that just passed. While most of the attention was focused on the terms of the $1,400 stimulus payments and the proposed increase in the minimum wage, the child allowance is a major initiative that received comparatively little attention.
  • ...5 more annotations...
  • Republicans have long prided themselves on being the pro-family party. But what does that really mean? The debate over the child allowance makes that palpable. And it’s forcing Republicans to decide who they are. Will they be the party of capital gains tax cuts or of cash payments that make it more practical for parents to raise their own children? Is there a way for the party to embrace both?
  • Elected Republicans who reflexively oppose a child allowance may need to catch up with their voters — and with economic reality — on this.
  • The long-term trend of “demotherization,” as social scientists gracelessly put it, is not good for children or the many women who report that they would prefer to be at home with their children, especially when they are young. What’s worse, both the earned-income tax credit and temporary assistance for needy families reinforce the problem, because they are means tested and linked to the mother working outside of the home.
  • Strangely the concern that mothers — whether single or married — could afford not to work seems to be a fetish for many Republicans who are otherwise pro-family, at least in their statements.
  • Raising children is in fact the most essential work there is. Kids need their parents. It’s hard and time-consuming, but ultimately the most satisfying thing that most people do. Conservatives should believe in parents raising their own children rather than outsourcing it.
3More

Opinion | Monarchy, Meet Anarchy - The New York Times - 0 views

  • Bret Stephens: Well, Gail, President Biden just signed the biggest stimulus bill in history, Andrew Cuomo is facing mounting pressures to resign and the only thing people seem really interested in is … Harry and Meghan versus the House of Windsor.
  • Bret: I prefer to credit the people at Pfizer, BioNTech, Moderna, Johnson & Johnson and other pharmaceutical companies. Three cheers for private enterprise! But I thought Biden was very canny in choosing July 4 as reopening day. A new birth of freedom.
  • Bret: I’m rooting for Prince Philip to make it to his 100th birthday in June. Otherwise I’m in the plague on all their Houses camp. Meghan Markle as a victim of evil royal intrigues? Count me as skeptical, given how deeply invested the Windsors seemed to be in her success as a 21st century fairy-tale American princess. Harry as Prince Rescue Chicken? The poor guy looked to me on TV like he was quietly praying to be rescued by the Special Air Service. Queen Elizabeth as the long-enduring monarch? Her son Charles is 72 and she still won’t give him a proper job. (Not that he’s such great shakes, either — although consider his brother.)
14More

Liberals Grow Impatient With President Biden's Foreign Policy Decisions - The New York ... - 0 views

  • Earlier this week, Biden administration officials passed around with bemusement some words of praise from an unexpected source: Jared Kushner.
  • In an opinion essay for The Wall Street Journal, Mr. Kushner, former President Donald J. Trump’s son-in-law and adviser on Middle East issues, said that President Biden “did the right thing” and had “called Iran’s bluff” by refusing to make new concessions to lure Tehran into talks about restoring a nuclear deal abandoned by the Trump administration.
  • “I would take this in the Biden White House as a giant, blinking red light that maybe what I’m doing is not right because Jared Kushner is finding ways to praise it,” said Benjamin J. Rhodes, a deputy national security adviser under President Barack Obama who worked closely on the 2015 nuclear agreement
  • ...11 more annotations...
  • Iran is just one of several foreign policy issues frustrating Mr. Biden’s base two months into his presidency.
  • The Middle East, which Biden officials hope to de-emphasize as they turn America’s attention to China, is the source of many complaints. Topping the list is Mr. Biden’s decision not to unilaterally rejoin the Iran nuclear deal by reversing harsh sanctions imposed on Tehran by Mr. Trump after he abandoned the agreement in 2018.
  • After seeing Mr. Biden deliver a transformational $1.9 trillion stimulus bill, progressives are asking why his foreign policy feels so conventional.
  • Some prominent liberals call those moves welcome, but also low-hanging fruit, and say that on matters requiring harder trade-offs and political courage, Mr. Biden is too risk-averse.
  • On Wednesday, Mr. Biden fueled the discontent when he conceded in an interview with ABC News that it would be “tough” to meet a May 1 deadline, set under the Trump administration, to withdraw troops from Afghanistan, a high priority for liberals impatient to end what they call “endless” American wars.
  • “The Biden administration has bought the Trump analysis that these sanctions give America leverage, even though the sanctions didn’t give Trump any leverage on Iran,” said Joseph Cirincione, a longtime arms control expert who consulted closely with Obama administration officials over the nuclear deal.
  • Critics of Mr. Biden’s early Middle East policy have focused their attention on Brett McGurk, the National Security Council’s coordinator for the region.
  • Mr. McGurk helped shape Mr. Biden’s decision, decried on the left, not to directly punish Prince Mohammed even after the White House declassified an intelligence report that found that he, the de facto Saudi leader, approved the operation that led to the murder of Mr. Khashoggi in 2018.
  • Even before that disclosure, many liberals complained that “the Biden foreign policy team includes no one who has been a clear and consistent opponent of our disastrous interventions across the world,”
  • On Tuesday, a group of Democratic Senate and House members called for a $12 billion increase to the U.S. international affairs budget to fund diplomacy.
  • Ms. Lee is also among those weary of extended deadlines for withdrawals from Afghanistan like the one Mr. Biden hinted at on Wednesday.“We’ve got to bring our troops home,” she said, “and we’ve got to do that quickly.”
12More

Kathy Hochul: We can't let women get set back for a generation - CNN - 0 views

shared by anonymous on 25 Mar 21 - No Cached
  • Equal Pay Day marks the date in the calendar when women are finally able to catch up to what men earned the year before. It's sad, but not surprising, that women in the US still earn far less than men, and the pandemic has only heightened the economic hardships for women.
  • It's a reminder that future historians will judge us on how women fared coming out of this once-in-a-century phenomenon. Will this be known as the year women fell into an abyss with no hope of climbing out? Or can women experience a "V" shaped recovery, falling fast and hard but rebounding higher than they were before?
  • My fear is that because of this pandemic, 2021 will go down in history as the time when American women fell further backward, instead of taking leaps forward.Think this is an exaggeration? Just ask any woman how the coronavirus recovery is going for her.
  • ...9 more annotations...
  • When the Covid-19 tsunami hit us one year ago, the tidal wave swept over our most vulnerable.
  • To top it off, economists now predict that women face a generational setback, obliterating decades of long-fought economic gains.
  • In December, women accounted for 100% of jobs lost in the US. This past January, women's labor force participation dropped to a 33-year low at 57%. That same month, women accounted for nearly 80% of all workers over the age of 20 who left the workforce.
  • Women of color continue to bear the highest burden. Their unemployment is higher. Many lost jobs in the hard-hit service and hospitality sectors.
  • The lack of quality, affordable childcare has long been a crisis, even pre-pandemic.No one could have foreseen that working moms would have to balance their work Zoom meetings with their children's Zoom classes.
  • It's encouraging to see the Biden administration bring this issue front and center, increasing childcare support for families and including more after-school, weekend and summer programs in the pandemic relief package that just passed.
  • I also believe there isn't a one-size-fits-all solution, and New York State is exploring ways to eliminate childcare deserts and to incentivize employers to provide better options.
  • We must prioritize women's economic empowerment and job training opportunities that lead to sustainable financial independence -- now.
  • In New York State, we are bringing together the public and private sectors, including Fortune 500 companies, to commit to creating more inclusive workforces and job training programs.
11More

Biden inauguration: All 50 US states on alert for armed protests - BBC News - 0 views

  • All 50 US states and the District of Columbia (DC) are on alert for possible violent protests this weekend, ahead of President-elect Joe Biden's inauguration on Wednesday. National Guard troops from across the country are being sent to Washington DC, to discourage any repeat of the deadly riot that unfolded on 6 January.The FBI has warned of possible armed marches by pro-Trump demonstrators at all 50 state capitols.
  • States across the country are taking precautionary measures, from boarding up capitol windows to refusing to grant permits for rallies.
  • It follows a week in which Donald Trump became the first US president to be impeached twice. He now faces a Senate trial, on a charge of "incitement of insurrection" linked to the storming of the US Capitol by groups of his supporters on 6 January.
  • ...8 more annotations...
  • Analysts believe states that saw especially hostile or protracted election battles are at most risk of violence. One of them, Michigan, has erected a six-foot fence around its capitol in Lansing. "We are prepared for the worst, but we remain hopeful that those who choose to demonstrate at our capitol do so peacefully,"
  • According to the director of the Texas Department of Public Safety, intelligence suggested "violent extremists" could infiltrate planned protests there to "conduct criminal acts".Virginia's Governor Ralph Northam told a news conference on Thursday: "If you're planning to come here or up to Washington with ill intent in your heart, you need to turn around right now and go home.
  • Barricades are lining the streets of the capital amid tightened security. The Biden team had already urged Americans to avoid travelling to the capital because of the Covid-19 pandemic, and local officials said people should watch the inauguration remotely. Sunday is expected to be a particular focus for protests, after posts on pro-Trump and far-right online networks called for armed demonstrations on 17 January, and a march in Washington DC on inauguration day itself.
  • n the hours after Mr Biden sets foot in the White House, he will embark on a blitz of executive actions designed to signal a clean break from his predecessor's administration, according to a memo seen by US media.
  • Although Mr Biden, like President Trump, will be able to use executive orders as a means of bypassing Congress on some issues, his $1.9tn (£1.4tn) stimulus plan announced earlier this week will need to be approved by lawmakers, as will a bill on immigration reform.
  • Much of Washington DC will be locked down ahead of Wednesday's inauguration, with National Guard troops deploying in their thousands.
  • The Biden team had already asked Americans to avoid travelling to the nation's capital for the inauguration because of the Covid-19 pandemic. Local officials said people should watch the event remotely.
  • In October, six men were arrested for allegedly plotting to kidnap and overthrow Michigan Governor Gretchen Whitmer, a Democrat. The group planned to gather about "200 men" to storm the capitol building and take hostages, investigators said.
3More

Biden Seeks Quick Start With Executive Actions and Aggressive Legislation - The New Yor... - 0 views

  • In an effort to mark a clean break from the Trump era, the president-elect plans to roll out dozens of executive orders in his first 10 days on top of a big stimulus plan and an expansive immigration bill.
  • WASHINGTON — President-elect Joseph R. Biden Jr., inheriting a collection of crises unlike any in generations, plans to open his administration with dozens of executive directives on top of expansive legislative proposals in a 10-day blitz meant to signal a turning point for a nation reeling from disease, economic turmoil, racial strife and now the aftermath of the assault on the Capitol.
  • He also plans to send sweeping immigration legislation on his first day in office providing a pathway to citizenship for 11 million people in the country illegally. Along with his promise to vaccinate 100 million Americans for the coronavirus in his first 100 days, it is an expansive set of priorities for a new president that could be a defining test of his deal-making abilities and command of the federal government.
8More

'Welcome To The New Georgia': Warnock On His Win In Georgia Runoff : NPR - 0 views

  • Democrat Raphael Warnock made history in one of Georgia's two Senate runoffs on Tuesday when he became the first Black person to be elected to the Senate from the state and the first Black Democratic senator from the South.
  • Warnock, 51, won his race by over 50,000 votes
  • "Welcome to the new Georgia," he said. "It is more diverse. It's more inclusive. It readily embraces the future. And I'm the product of that."
  • ...5 more annotations...
  • After November's general election, Georgia became the center of the U.S. political universe and the scene of a bitter battle within the GOP over the results of the 2020 presidential election with President Trump falsely claiming that the state was stolen from him.
  • He said his campaign sought to cut through the noise of the "culture wars" and instead focused on the "concerns of ordinary people."
  • he supports passing the $2,000 stimulus payments for qualifying Americans.
  • "I think too often, even in the places where there is agreement, at least among ordinary people that we need movement, we get no movement.
  • And so one of the things that I'll be very focused on is the outsized influence of well-connected corporate interests in our politics."
9More

Opinion: President-elect Biden's childcare plan is essential if we want to restart the ... - 0 views

  • The coronavirus pandemic has put Americans' strained childcare system into a full-blown crisis. We must recognize that we cannot rebuild our economy without first repairing our fractured family care infrastructure.
  • President-elect Biden's caregiving plan, which calls for universal pre-K, subsidies for low- to moderate-income families, expanded tax credits for families and better pay and benefits to childcare workers, would cost an estimated $775 billion over 10 ten years.
  • But we need to think of this as a stimulus bill, not as a tax burden.
  • ...6 more annotations...
  • According to the most recently available national data, approximately 35% of children under 6 were in non-parental childcare at least 30 hours a week.
  • We don't yet know what the long-term impact on women's employment and career options will be, but if women struggle to, or are not able to, return to work after Covid-19, it is evident that they and their families will be further harmed financially.
  • Childcare workers are currently among the poorest-paid workers in the country, earning a median income of $11.65 an hour.
  • These naysayers seem to forget that a lot of the federal and state money spent on childcare will go back into the economy.
  • National childcare should be viewed like many of the programs in the New Deal Era of the 1930s, which were used to help pump up a struggling economy.
  • From its earliest days, the coronavirus pandemic has exposed how necessary early care and education are to making America work. Rather than viewing childcare as an unsupportable tax burden, investing in high-quality childcare should be seen as an essential public policy and a necessary part of stimulating our struggling economy.
9More

First on CNN: Biden's Covid plan gets backing from more than 150 top business leaders -... - 0 views

  • More than 150 senior executives from some of the largest American companies across several major industries have lined up behind President Joe Biden's $1.9 trillion coronavirus relief package, according to a letter obtained by CNN.
  • The group of executives includes the top executives representing some of the powerful business interests in the US, ranging from bank and investment firms like Goldman Sachs and Blackstone, to technology companies like Google, Intel and IBM, to hospitality companies like Loews Hotels & Co. and airlines including American and United Airlines. Top executives from real estate, insurance and utility firms also signed on to the letter.
  • "Congress should act swiftly and on a bipartisan basis to authorize a stimulus and relief package along the lines of the Biden-Harris administration's proposed American Rescue Plan."
  • ...6 more annotations...
  • Biden, over the course of his first month in office, has relentlessly pressed lawmakers to pass his cornerstone legislative proposal, which includes funding for schools, vaccine distribution and infrastructure, states and localities, direct payments and extensions of expiring unemployment insurance programs.
  • Among those signed onto the letter are bold faced names including David Solomon, chairman and chief executive officer at Goldman Sachs; Stephen Schwartzman, the chairman and CEO of Blackstone; Sundar Pichai, the CEO of Google; John Zimmer, the co-founder and president of Lyft; Brian Roberts, the chairman and CEO of Comcast and John Stankey the CEO of AT&T.Read More
  • Republican support, to this point at least, has remained non-existent, with even moderate GOP senators amenable to talks calling Biden's proposal too large in scale and scope given the trillions in emergency aid deployed over the first year of the pandemic.
  • Biden, however, has been steadfast that his mandate is to "go big," and in recent days has challenged opponents of his plan to outline specifically what they'd like to strip from the package.
  • "Now critics say the plan is too big," Biden said at the White House on Monday. "Let me ask the rhetorical question -- what would you have me cut? What would you have me leave out?"
  • "Strengthening the public health response to coronavirus is the first step toward economic restoration," the executives wrote. "The American Rescue Plan mobilizes a national vaccination program, delivers economic relief to struggling families, and supports communities that were most damaged by the pandemic."
10More

Opinion | Republicans Are Ready for the Don Draper Method - The New York Times - 0 views

  • “This never happened. It will shock you how much it never happened.”
  • It’s also the way that many Republican senators hope to deal with the memory of the Trump era
  • It means that many of them believe that Trump’s election was essentially an accident, a fluke, a temporary hiatus from the kind of conservative politics they’re comfortable practicing,
  • ...7 more annotations...
  • You can see that readiness at work already in the internal Republican debates about the latest round of coronavirus relief. These debates are somewhat mystifying if you believe that the party has been remade in Trump’s populist image, or alternatively if you just believe that the G.O.P. is full of cynics who attack deficits under Democrats but happily spend whatever it takes to stay in power. Neither theory explains the Republican determination to dramatically underbid the Democrats on relief spending three months before an election, nor the emergence of a faction within the Senate Republicans that doesn’t want to spend more money on relief at all.
  • these developments are easier to understand if you see the Republican Senate, in what feels like the twilight of the Trump presidency, instinctively returning to its pre-Trump battle lines. The anti-relief faction, with its sudden warnings about deficits, is eager to revive the Tea Party spirit, and its would-be leaders are ur-Tea Partyers like Rand Paul and Ted Cruz. The faction that wants to spend less than the Democrats but ultimately wants to strike a deal is playing the same beleaguered-establishmentarian role that John Boehner and Mitch McConnell played in the pre-Trump party — and of course McConnell is still leading it
  • the fact that neither approach seems responsive to the actual crisis unfolding in America right now doesn’t matter: The old Tea Party-establishment battle — a battle over whether to cut a deal at all, more than what should be in it — is still the Republican comfort zone, and the opportunity to slip back into that groove is just too tempting to resist.
  • Some of the Republicans rediscovering deficit hawkishness — including non-senators like Nikki Haley — are taking a Joe Biden presidency for granted and positioning themselves as the foes of a big-government liberalism before it even takes power, in the hopes of becoming the leaders of the post-2020 opposition
  • There is also that group my staffer friend mentioned, the senators who accept that Trumpism really happened, and who envision a different party on the other side.
  • You can identify the members of this group both by their willingness to spend money in the current crisis and by their interest in how it might be spent. That means Marco Rubio spearheading the small business relief bill. It means Josh Hawley pushing for the federal government to pre-empt layoffs by paying a chunk of worker salaries. It means Tom Cotton defending crisis spending against Cruz’s attack. It means Mitt Romney leading a push to put more of the federal stimulus payments in the hands of families with kids.
  • the trouble with both the Draper method and the “this happened, let’s learn from it” approaches to the Trump experience is that they assume not only that Trump will lose (a strong bet but of course not a certain one) but also that in defeat he will recede sufficiently to be willfully forgotten, or allow a more robust nationalism to supplant his ersatz, personalized version.
« First ‹ Previous 121 - 140 of 144 Next ›
Showing 20 items per page