stimulus package
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Retail on the Rebound? Trump Touts 17.7 Percent Boost in May Retail Sales—Conveniently Ignoring April's Record Drop
It’s safe to say that the retail landscape as we once knew it will not recover with a COVID-19 vaccine—in fact, much of it was on the decline well before the coronavirus reached our shores, with traditional brick-and-mortar locations proving unable to keep up with the increase in online shopping. And as the pandemic imposed…
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Shake Shack Returns $10 Million in Relief Funds and Asks That Small Businesses Be Given More Access
The Paycheck Protection Program was included as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act and was touted as a relief fund aimed at bailing out small businesses and nonprofits and helping them pay their workers during the coronavirus pandemic. But since the $349 billion stimulus package overseen by the Small Business…
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IG Honey Steve Mnuchin Believes $1,200 Stimulus Check Should Last Americans 10 Weeks
Secretary of Treasury Steve Mnuchin’s wife Buffy, (OK, I don’t know her name but Buffy seems fitting for this post. Fine, her name is Louise Linton,) once flossed so hard on Instagram, she literally hashtagged all of her wildly expensive wears after a day trip with her man. “Great #daytrip to #Kentucky! #nicest #people #beautiful…
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Banks May Have the Authority to Take Your Stimulus Check and Use It to Pay Off Loans and Fees: Report
It may not cover everything, but for people who have lost work or wages due to the coronavirus outbreak, the stimulus check promised to them by the federal government could mean the difference between putting food on the table and paying bills or being unable to do either. Imagine the impact on individuals and families…
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As Millions of Workers Lose Their Jobs, Report Finds Nearly a Third of Renters Haven't Paid Rent for April
As millions of people found themselves out of work due to the coronavirus-related closures that began last month, a new survey found almost one-third of renters did not make payments on their homes for the first week of April. The data comes from the National Multifamily Housing Council, a trade group that tracks rent payments…
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Federal Reserve No Longer Accountable to the Public Under Recovery Law
The COVID-19 pandemic has unleashed a new level of economic strain upon the American public with very little precedent. The United States government has taken action by authorizing massive levels of federal spending. Unfortunately, these efforts are hampered with a lot of shadiness. Politico reports that the recovery law that provides $450 billion in bailout…
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Trump Removes Inspector General Who Was Set to Oversee Stimulus Spending
The president’s response to the COVID-19 pandemic can only be described as a shitshow. From responding way too late to touting unproven treatments, Trump has been a hindrance to the recovery effort. When he’s not just poorly managing the crisis, he’s trying to take advantage of it. The Washington Post reports that Trump has removed…
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Trump Continues to Weaponize the Coronavirus and Admits That Easy Voting Hurts Republicans
On Monday, President COVID-45 (Billy Dee Williams voice) admitted that easy voting hurts Republicans even though he’s totally not a Republican but plays one on TV. During an interview with a bunch of white people on Fox & Friends, Trump claimed that Democrats added more funding to the coronavirus stimulus package to make voting easier,…
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3.3 Million Americans Filed for Unemployment Benefits. Here's What That Means for Black People
For many economic experts, it was not a matter of if a recession would hit once the coronavirus became a pandemic, but how bad it would be when it did. On Thursday morning, the numbers from the Department of Labor were even worse than what many had initially predicted: 3.3 million Americans filed for unemployment…
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Congress Reaches $2 Trillion Stimulus Package Deal. Here’s Everything You Really Need to Know About It
From this point on, the rest of our lives will be defined around coronavirus. Expect all of your father’s stories to have the phrase, “But that was way back before coronavirus fucked everything up.” To that end, Congress—the group of old white people who don’t really care about the people who voted them into office—stayed…