Business & Economy
Business & Economy
Farmers Got Big Government Pandemic Relief In 2020, Even Those Who Didn’t Need It
The aid, delivered in two separate packages over the course of the year, went to a wide variety of people in agriculture, including corn and soybean farmers, cattle ranchers, and fruit and vegetable producers. The $46 billion in direct government payments to farmers in 2020 broke the previous annual record by about $10 billion, even after accounting for inflation.
The Spectacular Rise Of SPACs: The Backwards IPO That’s Taking Over Wall Street
Shaquille O’Neal’s got a SPAC. Former House Speaker Paul Ryan’s got a SPAC. Famed investor Bill Ackman launched a $4 billion SPAC. And a 25-year-old became the youngest self-made billionaire thanks to — you guessed it — a SPAC. So what is a SPAC? A “special purpose acquisition company” is a way for a company to go public without all the paperwork of a traditional IPO, or initial public offering.
President Trump Signs COVID-19 Relief Deal After His Criticism Threatened To Derail It
President Trump on Sunday night signed a massive coronavirus relief and spending package, relenting on a measure he had called a “disgrace” days earlier. The legislation, which combines $900 billion in COVID-19 aid with government funding through September 2021, was passed by large majorities in both houses of Congress on Dec. 21 — only to see Trump blindside legislators the next day and blast the bill.
How The Pandemic Turned An Introvert Into A Voice For Gig Workers
The coronavirus pandemic drove many people to recognize gig work as “essential” for the first time, but the crisis also revealed the stark disparities between jobs that come with security and benefits and gig work, which does not.
‘All Is Not Calm’: Congress Scrambles After President Trump Blasts COVID-19 Relief Package
With millions of Americans waiting for desperately needed economic aid, a massive relief package remains in limbo as President Trump weighs whether to sign it into law.
Congress Passes $900 Billion Coronavirus Relief Bill, Ending Months-Long Stalemate
The Senate acted swiftly Monday night, in a 91-7 vote, to approve more than $900 billion for coronavirus assistance, shortly after the House of Representatives passed the package. The aid comes after months of partisan sniping over what elements should be in a relief measure that virtually all lawmakers on Capitol Hill argued was long overdue.
Here Is What’s In Congress’ COVID-19 Relief Package
Congress plans to pass on Monday a bipartisan $900 billion COVID-19 relief bill after intense negotiations over its final details. Leaders of both parties are lauding the agreement, claiming victory for provisions they were able to get in — and keep out. The measure includes up to a $600 relief check for many Americans as well as an assortment of aid for small businesses and money to purchase and distribute vaccines.
Congressional Leaders Reach $900 Billion Deal On Coronavirus Aid, Includes $600 Stimulus Payments
After months of partisan squabbling, congressional leaders have reached agreement on a nearly $900 billion COVID-19 relief package. “At long last, we have the bipartisan breakthrough the country has needed,” Senate Majority Leader Mitch McConnell, R-Ky., said on the Senate floor Sunday evening.
As Year-End Looms, House And Senate Still Seek Deal On More Coronavirus Aid
With lawmakers facing a mounting year-end to-do list, a deal on a new coronavirus relief package continues to be elusive for Congress.
Entrepreneur Launches Bowling Alley On Wheels During The Pandemic
Terence Jackson Jr., 34, runs Luxury Strike Bowling, a rentable, private mobile bowling alley that offers a unique entertainment alternative to Zoom parties as the city remains on lockdown.
Americans Want More COVID Economic Relief. Most Think Congress Should Compromise
Two-thirds of Americans say the federal government has not done enough to ease the economic hardships brought on by the coronavirus pandemic, according to the latest PBS NewsHour/NPR/Marist poll.
48 AGs, FTC Sue Facebook, Alleging Illegal Power Grabs To ‘Neutralize’ Rivals
The state and federal officials say Facebook’s acquisitions of WhatsApp and Instagram violated competition laws and served to stifle rivals by giving the social network an unfair advantage.
