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    The Guardian view on women and the pandemic: what happened to building back better? | Editorial

    One year into the pandemic, women have little cause to celebrate International Women’s Day tomorrow, and less energy to battle for change. Men are more likely to die from Covid-19. But women have suffered the greatest economic and social blows. They have taken the brunt of increased caregiving, have been more likely to lose their jobs and have seen a sharp rise in domestic abuse.In the UK, women did two-thirds of the extra childcare in the first lockdown, and were more likely to be furloughed. In the US, every one of the 140,000 jobs lost in December belonged to a woman: they saw 156,000 jobs disappear, while men gained 16,000. But white women actually made gains, while black and Latina women – disproportionately in jobs that offer no sick pay and little flexibility – lost out. Race, wealth, disability and migration status have all determined who is hit hardest. Previous experience suggests that the effects of health crises can be long-lasting: in Sierra Leone, over a year after Ebola broke out, 63% of men had returned to work but only 17% of women.The interruption to girls’ education is particularly alarming: Malala Fund research suggests that 20 million may never return to schooling. The United Nations Population Fund warns that there could be an extra 13 million child marriages over the next decade, and 7 million more unplanned pregnancies; both provision of and access to reproductive health services has been disrupted. In the US, Ohio and Texas exploited disease control measures to reduce access to abortions. The UN has described the surge in domestic violence which began in China and swept around the world as a “shadow pandemic”. Research has even suggested that the pandemic may lead to more restrictive ideas about gender roles, with uncertainty promoting conservatism.Coronavirus has not created inequality or misogyny. It has exacerbated them and laid them bare. Structural problems such as the pay gap, as well as gendered expectations, explain why women have taken on more of the extra caregiving. The pandemic’s radicalising effect has echoes of the #MeToo movement. Women knew the challenges they faced, but Covid has confronted them with unpalatable truths at both intimate and institutional levels.In doing so, it has created an opportunity to do better. Germany has given parents an extra 10 days paid leave to cover sickness or school and nursery closures, and single parents 20. Czech authorities have trained postal workers to identify potential signs of domestic abuse. But the deeper task is to rethink our flawed economies and find ways to reward work that is essential to us all. So far, there are precious few signs of building back better.Around 70% of health and social care workers globally are female, and they are concentrated in lower-paid, lower-status jobs. They deserve a decent wage. The 1% rise offered to NHS workers in the UK is an insult. The government also needs to bail out the childcare sector: without it, women will not return to work. It has not done equality impact assessments on key decisions – and it shows. The budget has admittedly earmarked £19m for tackling domestic violence, but Women’s Aid estimates that £393m is needed. And the UK is slashing international aid at a time when spending on services such as reproductive health is more essential than ever. Nonetheless, as a donor, it should at least press recipient governments to prioritise women in their recovery plans.Overworked and undervalued women have more awareness than ever of the need for change, and less capacity to press for it. Men too must play their part. Some have recognised more fully the demands of childcare and housework, and seen the potential benefits of greater involvement at home. Significant “use it or lose it” paternity leave might help to reset expectations both in families and the workplace. There were never easy solutions, and many look harder than ever. But the pandemic has shown that we can’t carry on like this. More

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    Gov. Phil Murphy Unveils N.J. Budget Plan With No New Taxes

    #masthead-section-label, #masthead-bar-one { display: none }The Coronavirus OutbreakliveLatest UpdatesMaps and CasesRisk Near YouVaccine RolloutNew Variants TrackerAdvertisementContinue reading the main storySupported byContinue reading the main storyHow New Jersey Averted a Pandemic Financial CalamityA $44.8 billion spending plan unveiled Tuesday by Gov. Phil Murphy calls for no new taxes and fully funds the state pension program for the first time since 1996.Gov. Philip D. Murphy of New Jersey released a $44.8 billion budget on Tuesday that shows better-than-expected revenue projections.Credit…Pool photo by Anne-Marie CarusoFeb. 23, 2021Updated 3:07 p.m. ETIt has been five months since New Jersey officials issued warnings about a coronavirus-related financial calamity. The dire outlook contributed to lawmakers’ decisions to increase taxes on income over $1 million and to become one of the first states to borrow billions to cover operating costs.But the doomsday forecast has since brightened considerably, officials said, enabling the Democratic governor, Philip D. Murphy, to unveil a $44.8 billion spending plan on Tuesday that calls for no new taxes, few cuts and tackles head-on a chronic problem — the state’s underfunded pension program — for the first time in 25 years.The governor also said there would be no increase in New Jersey Transit fares.“The news is less bad,” the state’s treasurer, Elizabeth Maher Muoio, said. “I wouldn’t say it’s good, but it’s less bad.”The governor’s election-year financial blueprint relies on better-than-expected revenue from retail sales and high-earners, who have lost fewer jobs during the pandemic than low-income workers and are reaping the benefits of a prolonged Wall Street rally.The $38 billion that New Jersey and its residents have received in federal stimulus funding, a short-term extension of a corporate tax and a $504 million windfall from the so-called millionaire’s tax also helped, Ms. Muoio said.The release of New Jersey’s proposed 2022 fiscal year budget comes as Congress continues to debate President Biden’s $1.9 trillion virus relief package. The proposed package includes considerable funds for states and municipalities as well as grant and loan programs for small businesses.Other states have seen similarly strong signs of an economic rebound even as cases of the virus have spiked nationwide over the last several months and the nation’s death toll surpassed 500,000 on Monday.Earlier this month, the nonpartisan Congressional Budget Office concluded that large sectors of the economy were adapting to the pandemic better than originally expected and that December’s economic aid package had helped.Mr. Murphy, who is running for re-election in November, said the spending plan was designed to not only enable the state to scrape through the pandemic, but to help it emerge stronger.“This is the time for us to lean into the policies that can fix our decades-old — or in some cases centuries-old — inequities,” the governor said Tuesday in a budget address, which he delivered virtually.A key pillar of the budget is a proposal to fully fund the state’s public sector pension obligations for the first time since 1996.The state has not set aside the full amount of its pension obligation for 25 years, leading $4 billion in extra debt to accrue over time, Ms. Muoio said. Under a deal brokered with the Legislature, Mr. Murphy had been on track to fully fund the state’s share by the 2023 fiscal year. But the spending plan released on Tuesday sets aside $6.4 billion for the pension system, accelerating full funding by a year.“New Jersey is done kicking problems down the road,” the governor said. “We are solving them.”Under the plan, the state’s surplus, which proved to be a vital resource during the first wave of the pandemic, would not grow, officials said, but would remain at about the same level it was at the end of 2020.The Coronavirus Outbreak More

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    The Guardian view on Covid relief: ideologies matter in democracies | Editorial

    When Covid struck, it was governments that decided people could not go to work and governments that took people’s money away. It is now down to governments to decide whether or not to return that money and when to open up the economy. In the US, Democrats want to give generously. While $1.9tn dollars is a lot of money – about the size of Canada’s GDP – it probably is not enough.As Randall Wray of the Levy Institute has pointed out, the US government is engaged in relief, not stimulus, spending. It is offering much-needed assistance to the devastated balance sheets of households, school districts and local governments. Rescuing public services, making sure people don’t starve and building Covid-testing systems is not an economic stimulus but a necessary antidepressant. Reducing the size of the relief package would prolong the recession, which, given the virus’s capacity to surprise, may last longer than the experts predict. President Joe Biden was right to rebuff criticism that Democrats risked overheating the economy, saying the problem was spending too little, not too much. There is slack in the US economy: 400,000 Americans left the labour market in January.Mr Biden aims to control the virus and then create jobs with infrastructure investments to reinvent the post-crisis economy for a zero-carbon world. Call it a spend-then-tax policy. If he succeeds, Mr Biden will go some way to repudiate the conventional economic wisdom that argues that if governments keep borrowing too much, they risk defaulting, will end up printing money and be forced in a panic to put up interest rates. The pandemic revealed this to be bunk. Central banks can keep interest rates low by buying government bonds with money created from thin air. Last year, they bought 75% of all public debt.Within days of assuming power, Mr Biden had a plan, and new thinking, to rebuild a Covid-scarred country. Boris Johnson has little to show after months. His government intends to cut universal credit, raise council tax bills and freeze public-sector pay, weakening household finances. Given this mindset, which has dominated policy since 2010, it is hardly surprising that the £900bn of Bank of England “quantitative easing” money sitting with banks can’t find profits in the real economy. The Bank has “knowledge gaps” about QE. Yet there is truth in the quote attributed to Keynes that “you can’t push on a string” – when demand is weak, monetary policy can do little about it.With interest rates low, no recovery to invest in and no new regulations, UK banks will turn inwards, not outwards. Instead of the City contributing to the productive economy and a just green transition, expect speculation and Ponzi-like balance sheets. It is lobbying to expand lucrative but socially useless activities. In January, Tory peers with City interests argued for a new finance regulator with a “competitiveness” objective – a Trojan horse for deregulation.Central banks are creatures of their legislatures, but have been permitted, for ideological reasons, to work without a social contract. In her recent paper, Revolution Without Revolutionaries, the economist Daniela Gabor warned that unelected technocrats must not be allowed to hand politicians reasons to adopt external constraints that can be blamed for unpopular policies. It is timely advice. The UK will have record peacetime levels of debt. Rishi Sunak says such borrowing is “unsustainable”. Yet UK gilts are a risk-free financial asset, which is why banks crave them.The inequality, financial instability and ecological crises have multiple causes, but their existence is built on radical, free-market economics. It is not the case that the government’s ability to spend is temporary while interest rates remain low, as Mr Sunak claimed. Bond-purchasing programmes can control yields. A system that benefits private finance but subordinates the state and threatens to expose it, post-pandemic, to austerity and elevated levels of unemployment must be resisted. Only those unable or unwilling to believe the evidence of their own eyes would say otherwise. More

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    Congress Rushes to Pass Huge Coronavirus Relief Bill

    #masthead-section-label, #masthead-bar-one { display: none }The Coronavirus OutbreakliveLatest UpdatesMaps and CasesThe Stimulus DealThe Latest Vaccine InformationF.A.Q.AdvertisementContinue reading the main storySupported byContinue reading the main storyCongress Rushes to Pass Huge Coronavirus Relief BillThe House approved a $900 billion pandemic aid bill on Monday night, with the Senate poised to follow shortly after. The bill provides a $600 payment for most Americans.Speaker Nancy Pelosi on Monday in the Capitol. After months of gridlock and debate, the House and Senate are expected to approve the spending measure.Credit…Stefani Reynolds for The New York TimesDec. 21, 2020Updated 9:39 p.m. ETWASHINGTON — The House on Monday night approved a $900 billion stimulus package that would send billions of dollars to American households and businesses grappling with the economic and health toll of the pandemic. The Senate was expected to do the same within hours.Treasury Secretary Steven Mnuchin said hundreds of dollars in direct payments could begin reaching individual Americans as early as next week.The long-sought relief package was part of a $2.3 trillion catchall package that included $1.4 trillion to fund the government through the end of the fiscal year on Sept. 30. It included the extension of routine tax provisions, a tax deduction for corporate meals, the establishment of two Smithsonian museums, a ban on surprise medical bills and a restoration of Pell grants for incarcerated students, among hundreds of other measures.Though the $900 billion stimulus package is half the size of the $2.2 trillion stimulus law passed in March that provided the core of its legislative provisions, it remains one of the largest relief packages in modern American history. It will revive a supplemental unemployment benefit for millions of unemployed Americans at $300 a week for 11 weeks and provide for another round of $600 direct payments to adults and children.“I expect we’ll get the money out by the beginning of next week — $2,400 for a family of four — so much needed relief just in time for the holidays,” Mr. Mnuchin said on CNBC. “I think this will take us through the recovery.”President-elect Joseph R. Biden Jr., who received a coronavirus vaccine on Monday with television cameras rolling, has insisted that this bill is only the beginning, and that more relief, especially to state and local governments, will be coming after his inauguration next month.Lawmakers hustled on Monday to pass the bill, nearly 5,600 pages long, less than 24 hours after its completion and before virtually anyone had read it. At one point, aides struggled simply to put the measure online because of a corrupted computer file. The legislative text is likely to be one of the longest ever, and it became available only a few hours before the House approved it. Once the Senate passes the bill, it will go to President Trump for his signature.But with as many as 12 million Americans set to lose access to expanded and extended unemployment benefits days after Christmas, passage was not in doubt. A number of other pandemic relief provisions are set to expire at the end of the year, and lawmakers in both chambers agreed that the approval of the $900 billion relief package was shamefully overdue.Senator Mitch McConnell on Monday at the Russell Senate Office Building on Capitol Hill.Credit…Stefani Reynolds for The New York TimesOver the summer, Speaker Nancy Pelosi of California and Mr. Mnuchin inched toward a relief package of nearly $1.8 trillion. But after a significant infusion of federal relief in April, Senator Mitch McConnell, Republican of Kentucky and the majority leader, and several Senate Republicans initially balked at the prospect of another sweeping spending package. With Republicans reluctant to spend substantial taxpayer funds and mindful of remaining united before the November election, Mr. McConnell refused to indulge anything more than a narrow, $500 billion package.Ms. Pelosi and top Democrats, for their part, refused to entertain the targeted packages Republicans eventually put forward, and pushed to go as big as possible in a divided government. The election hung over all of the talks, with both sides not wanting to deliver the other party a victory that could buoy their chances.And Mr. Trump, fixating first on his campaign, then his effort to reverse the election’s results, did little to corral Congress toward an agreement.In the end, congressional leaders agreed to punt the thorniest policy issues that had long impaired a final agreement — a direct stream of funding for state and local government, a Democratic priority, and a broad liability shield that Mr. McConnell had long fought for.“A few days ago, with a new president-elect of their own party, everything changed,” Mr. McConnell said on Monday. “Democrats suddenly came around to our position that we should find consensus, make law where we agree, and get urgent help out the door.”As the negotiations dragged on, millions of Americans slipped into poverty, thousands of small businesses closed their doors and coronavirus infections and deaths rose to devastating levels across the country.But Ms. Pelosi vowed that with Mr. Biden in office, Congress would revisit the unresolved debates and push for even more relief to support the country’s economic recovery.“It’s a whole different world when you have the presidency because you do have the attention of the public,” Ms. Pelosi said in an interview. “I’m very optimistic about that because the public wants us to work together.”The Coronavirus Outbreak More

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    Mnuchin Gambles by Ending Fed Programs, Putting His Legacy on the Line

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    State Certified Vote Totals

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    Republicans continue Covid-19 relief talks as Democrat warns of catastrophe

    The White House chief of staff, Mark Meadows, and the treasury secretary, Steven Mnuchin, were on Capitol Hill on Saturday, for talks with aides to Senate Republicans over the next coronavirus relief package.The stakes are high. US unemployment rose again on Friday after months of falls, enhanced benefits are due to run out and Americans unable to pay rent are starting to be evicted. The expanded unemployment benefit officially expires on 31 July, but due to the way states process payments, the cut-off is effectively Saturday.On Friday Richard Neal, a Massachusetts Democrat who chairs the House ways and means committee, said the US was on “the eve of an economic catastrophe”.Nonetheless the Senate majority leader, Mitch McConnell, sent members of his party home, promising a proposal by Monday.Facing re-election this year, McConnell also went home. At an event in Kentucky, he said: “This has been one heck of a challenge for everybody in the country. Hopefully we can come together behind some package we can agree on in the next few weeks.”In a joint statement, the Senate minority leader, Chuck Schumer, and the House speaker, Nancy Pelosi, said: “We call upon Leader McConnell to get serious.”In a tweet referring to the pandemic-inspired unemployment boost of $600 a week, Pelosi added: “The Senate must take up the House-passed Heroes Act and extend this critical lifeline for working families.”The Democratic-held House passed that $3tn relief package in May but the Senate is held by Republicans and has not taken it up.Among other issues, Republicans are debating reducing the special unemployment payments, which they say provide a disincentive to seek work. The White House has suggested cutting the payments to as little as $100.Many regular Americans counter that the funds are vital, not just to meet rent but to buy food and other necessary items.The economy has been battered by the coronavirus pandemic, which is now surging in mainly Republican-run states which reopened from late May. Democrat-run California, an early hotspot, is also seeing a resurgence.More than 4.1m cases have been recorded in the US and more than 145,000 people have died.The Trump White House sees economic recovery as key to the president’s hopes of re-election. But amid protests over police brutality and racism, and confrontations between protesters and federal agents in Portland, Oregon, Trump has also pivoted to law and order.On Friday, Trump added a new priority to the relief package: money to build a new FBI headquarters, across the street in Washington from his own hotel.McConnell’s proposal is expected to include new direct $1,200 cash payments to many Americans, $105bn to help reopen schools and $25bn for virus testing.The Senate leader’s top priority is a liability shield to protect businesses, hospitals and others against Covid-19 lawsuits. Trump is pressing to reopen schools, threatening to withhold funding from those which do not return fully in September.The White House was also pushing a payroll tax cut. Senate Republicans rejected the move, which would pull revenue away from social security and Medicare in the middle of an economic and public health disaster.“This is disarray,” Pelosi said on Friday at the Capitol.Her statement with Schumer said: “We had expected to be working throughout this weekend. It is simply unacceptable that Republicans have had this entire time to reach consensus among themselves and continue to flail.”Amid widespread criticism of his response to the pandemic, Trump trails Joe Biden in most national and battleground state polls. The nonpartisan Cook Report website recently said a “Democratic tsunami” may be on the way.But some observers counter that an election held amid social restrictions due to the pandemic, and subject to Republican voter suppression efforts, could give Trump a chance of a second win in the electoral college. More

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    Extra $600 in jobless pay offers many a lifeline – but will it be renewed?

    Republicans, including the president, have opposed the additional funds. But their expiration could bring ‘incredible suffering’ Coronavirus – latest US updates Coronavirus – latest global updates People wait in line to get care packages with food donations from the Food Bank for New York City in Brooklyn on 15 May. Photograph: Alba Vigaray/EPA James Phillips […] More

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    With working Americans' survival at stake, the US is bailing out the richest

    With working Americans’ survival at stake, the US is bailing out the richest Without significant oversight, Congress’s economic relief bill will leave millions of everyday Americans in financial peril Coronavirus – live US updates Live global updates See all our coronavirus coverage People wait for the San Antonio Food Bank to begin food distribution as […] More