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  1. #1351
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    November Job Cuts Rise 45% From Last Year

    For the year to date, nearly 2.23 million job cuts have been announced, almost four times the 592,556 jobs lost in all of 2019.

    U.S. employers announced 64,797 job cuts in November, a decline of nearly 20% from October’s total of 80,666 job losses.

    disposable income decreased [by] over $130 billion in October, according to the Bureau of Economic Analysis.

    Undoubtedly, the millions of Americans who remain out of work will have an impact on spending, which will lead to further cuts.”

    https://247wallst.com/jobs/2020/12/0...from-last-year

  2. #1352
    dangerous floater Winehole23's Avatar
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    one time bailout to LA restaurant workers

    https://abc7.com/business/los-angele...-says/8452814/

  3. #1353
    dangerous floater Winehole23's Avatar
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    New York's fiscal cliff


  4. #1354
    Savvy Veteran spurraider21's Avatar
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    city scraping for money doing what they can while the feds sit on their asses to make sure businesses are protected

  5. #1355
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    What changed?
    Sept 8: Mitch doesn't like Trump, but had to give appearances that he was trying to help.

    Dec 1: Mitch doesn't like Biden either, and no longer cares about appearances because voters just gave him a 6 year contract extension.

  6. #1356
    dangerous floater Winehole23's Avatar
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    Sept 8: Mitch doesn't like Trump, but had to give appearances that he was trying to help.

    Dec 1: Mitch doesn't like Biden either, and no longer cares about appearances because voters just gave him a 6 year contract extension.
    Sure.

    (The question was a rhetorical meant to promote reflection, but your reply is surely correct, and it always welcome.)

  7. #1357
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    This 9-month gridlock over a relief package while citizens are dying and going hungry has to be the most disgusting thing I've ever seen Congress do
    Congress is the best that Christian, family values USA can manage.

    "Maybe something else sucks around here" -- G Carlin



  8. #1358
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    Gov't reports a million more Americans file for jobless benefits

    as GAO finds flawed counting


    the Department of Labor
    reported Thursday that

    another million of them had filed applications for initial benefits in the week ending Saturday, Nov. 28.

    That makes 37 weeks in a row that more than a million people have filed.


    at least 4 million jobs have gone away permanently,

    the Government Accountability Office
    reported earlier this week that

    the DOL’s count of how many people are receiving unemployment benefits isn’t accurate

    because the unprecedented deluge of applications created backlogs and

    double-counting due to repeat applications over time by the same individuals.

    https://www.dol.gov/sites/dolgov/fil...s/20202198.pdf

  9. #1359
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  10. #1360
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  11. #1361
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    McConnell’s COVID plan has business tax breaks (BigDonor class)

    but $0 for unemployment boost and direct payments


    McConnell, who has already

    rejected a $3.4 trillion offer and

    a $2.2 trillion compromise
    from House Democrats,

    shot down a $900 billion short-term deal u

    alternatively presented another $500 billion proposal providing

    even less relief for jobless Americans than his previous offers,

    which will be dead-on-arrival in the House of Representatives.

    https://www.alternet.org/2020/12/rel...ll-2649141229/

    The , with support of the Repug party, is just ing around trolling the Dems



  12. #1362
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    The oligarchy, MIC division, bribes $740B from Congress. What ed up, perverted society.

    Congress Is Deadlocked on Covid Relief

    But Came Together

    to Fund the Pentagon for $740 Billion


    https://inthesetimes.com/article/nda...ckage-stimulus

  13. #1363
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    'What the are they doing?'

    outrage as GOP tries to adjourn House with millions going hungry and COVID surging


    With
    mass layoffs persisting at an unprecedented clip,

    coronavirus deaths
    surging, and

    hunger
    on the rise nationwide,

    a group of House Republicans on Thursday attempted to pass a motion to adjourn the chamber

    another telling example of the GOP's refusal to take seriously the coronavirus pandemic and resulting economic crisis.

    . "What makes it outrageous is a single vote

    now takes well over an hour to occur with Covid-19 restrictions in place.

    Then the chamber must be sanitized.

    These are final days of Congress.

    It's like pulling the fire alarm during a final exam."

    https://www.alternet.org/2020/12/house-adjourned/

  14. #1364
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    I'm sure the "Repug group" didn't pull this adjourn-the-House stunt w/o knowledge and encouragement of the Repug leadership, both chambers.

  15. #1365
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    ...

  16. #1366
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    Rep. Ocasio-Cortez blows up deceitful Project Veritas for taking more than $500,000 in PPP funds

    https://www.dailykos.com/stories/202...0-in-PPP-funds

  17. #1367
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    Gripped by surging pandemic,
    US employers cut back on hiring


    With the viral pandemic accelerating across the country,

    America’s employers sharply scaled back their hiring last month,

    adding 245,000 jobs, the fewest since April and the fifth straight monthly slowdown.

    many people stopped looking for work and were no longer counted as unemployed,

    the Labor Department said.

    November’s job gain was down drastically from a 610,000 gain in October.

    the economy and job market won’t be able to fully recover until the virus can be controlled with an effective and widely used vaccine.

    And the picture could worsen before it improves.

    https://apnews.com/article/pandemics...a85da3e53d5a07



  18. #1368
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    Biden now backs this POS bill with no support for unemployed

    http://www.crfb.org/blogs/whats-908-...mulus-proposal

  19. #1369
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    Millions of Americans are heading into the holidays

    unemployed and

    over $5,000 behind on rent


    https://www.washingtonpost.com/busin...rent-utilities

  20. #1370
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  21. #1371
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    Liability reform compromise remains elusive
    The discussions are part of the efforts to pass legislation offering coronavirus relief.

    As a bipartisan group of lawmakers races to unveil a $908 billion coronavirus relief proposal they hope can pass Congress, Democrats and Republicans remain at odds over how to resolve their differences on a key sticking point: liability reform.

    Emerging from a closed-door meeting Monday evening, senators said they have yet to reach a solution on the matter, but they exchanged competing proposals. The senators are expected to meet again Tuesday.

    Sen. John Cornyn described Monday evening’s conversation in the Senate’s Mansfield Room as a “robust exchange of ideas” but added “there’s no consensus yet.” The Texas Republican said he suggested removing language related to liability reform and state and local aid, another sticking point, but that his proposal “went over like a lead balloon.”

    While a bipartisan cohort of senators, led by Joe Manchin (D-W.Va.) and Mitt Romney (R-Utah), is working to finalize language for the $908 billion package, the Senate is also facing an imminent deadline to fund the government. Congress is expected to pass a one-week continuing resolution, as it works out the details of an omnibus package. Both House Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Mitch McConnell (R-Ky.) have said coronavirus relief should be attached to the omnibus.

    As he was leaving the Senate on Monday night, McConnell told reporters: “I’m optimistic we’re going to get somewhere, but I have no report at the moment about how.”

    McConnell, for months, has made clear that any coronavirus relief package will need to include liability reform to protect businesses and schools from lawsuits related to the coronavirus. Meanwhile, Democrats are calling for robust funding for struggling state and local governments. The bipartisan group has yet to reach a final decision on how to address the issue.

    https://www.politico.com/news/2020/1...elusive-443560

    ---

    Good news, IMHO. Though I expect Mitch to bend the Dems over on liability when the dust settles.

  22. #1372
    dangerous floater Winehole23's Avatar
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    L

    ---

    Good news, IMHO. Though I expect Mitch to bend the Dems over on liability when the dust settles.
    Wha?

  23. #1373
    dangerous floater Winehole23's Avatar
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    JP Morgan/Chase lobbies Biden for fiscal stimulus:

    In a set of new recommendations reportedly shared with the Biden transition team, Heather Higginbottom, President of the Chase PolicyCenter, wrote that although “the unemployed roughly doubled their liquid savings over the four-month period between March and July 2020, they spent two-thirds of the ac ulated savings in August alone.”

    That might seem like common sense, but it contrasts a bit with suggestions in some corners that the cash buffers built during the crisis months are not only sufficient to sustain spending until vaccine distribution is complete, but in fact large enough to allow for lower- and middle-income families to invest in financial assets.

    “Absent additional government stimulus, lower-income households and those who faced job loss may exhaust their ac ulated savings buffer and be forced to further cut spending or fall behind on debt or rent payments,” Higginbottom went on to warn.

    She also recommended that policymakers move to address what she calls “large racial gaps in take-home income and liquid assets that persist across age, income, gender, and geography.”
    https://heisenbergreport.com/2020/12...n-on-stimulus/

  24. #1374
    dangerous floater Winehole23's Avatar
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    Mitch and the GOP want to give employers immunity from sickening and killing their employees. That's their red line.


  25. #1375
    Savvy Veteran spurraider21's Avatar
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    immunity is absurd. just hold them to a specific standard of care, ie as long as they adhere to state/local guidelines/ordinances, they can't be held liable. but an employer who cuts corners and needlessly exposes workers absolutely should be held liable if they get sick

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