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Jerome Powell: recession could exacerbate income inequality Long-term consequences likely to be severe without stimulus Jerome Powell at a press briefing in March. He told the banking committee on Tuesday: ‘Until the public is confident that the disease is contained, a full recovery is unlikely.’ Photograph: Eric Baradat/AFP via Getty Images The Federal Reserve chair, […] More
It’s the economy, stupid – but will Trump or Biden win the argument? The coronavirus has upended things – and there are problems for the candidates as they try to make the economy a key campaign plank Donald Trump at a Honeywell factory in Phoenix in May. The economic argument for November’s election has become deeply […] More
Businesses have taken at least half a trillion dollars in coronavirus aid from the American public, and the government is refusing to disclose which companies are getting the money. The lack of oversight in the system for US lawmakers’ “paycheck protection program” makes the historic levels of spending ripe for abuse. The media and watchdogs […] More
President made the comments after better-than-expected jobs report showed national unemployment rate falling ‘Hopefully George is looking down right now and saying this a great thing that’s happening for our country,’ Donald Trump said. Photograph: Nicholas Kamm/AFP/Getty Images Donald Trump was condemned on Friday for making the “revolting, enraging, disrespectful” claim that George Floyd, an […] More
Fire, pestilence and a country at war with itself: the Trump presidency is over Robert Reich A pandemic unabated, an economy in meltdown, cities in chaos over police killings. All our supposed leader does is tweet Donald Trump looks back as he boards Marine One on the South Lawn of the White House on Saturday. […] More
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
No, Donald Trump, Americans are not dying to work – work may cause them to die Robert Reich The president, the Republican party and their Fox News cheerleaders care only for corporate profit Donald Trump looks through a face shield at Ford’s Rawsonville Components Plant in Ypsilanti, Michigan. Photograph: Daniel Mears/AP Most of Europe and all […] More
President is at his golf club in Virginia Trump urges governors to open places of worship Summer is here – but are we inviting a disastrous second wave? Hydroxychloroquine: Trump ‘cure’ increases deaths, global study finds Coronavirus – latest global updates Get a fresh perspective on America – sign up to our First Thing newsletter […] More
