About 617,000 women left the U.S. labor force in September, compared to 78,000 men, the U.S. Bureau of Labor Statistics reported on 2 October. Half of the women who left were ages 35 to 44, considered prime working and earning years. The large number of women leaving the workforce is attributed to women’s dominant place...
Tag: oct 13 2020
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BOND MARKET MAY HAVE PEAKED
Since 1 October, U.S. government bond yields have risen to their highest levels since June, pushing prices down and prodding investors to see bonds’ futures more skeptically than they have since the current economic crisis began. When the interest rate on bonds rises, the price of those bonds falls. The rising yields may be the...
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NATIONAL DEBT EXCEEDS NATIONAL ECONOMY
The U.S. Treasury collected $3.42 trillion in revenue during the fiscal year ended 30 September, but spent $6.55 trillion, leaving a deficit of $3.13 trillion, or 15.2 percent of GDP, according to a 6 September estimate by the Congressional Budget Office. The new deficit is three times greater than the previous year. If the estimate...
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ECONOMY STARVED FOR STIMULUS
After two months without federal financial aid, the economic recovery is faltering, and the U.S. economy needs an immediate infusion of $1 trillion to $2 trillion to be shared among workers, businesses of all sizes, and state and local governments, according to economists surveyed by the New York Times. “The risk to waiting” longer for...
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FACE MASK MANDATES SPARK PROTESTS
Protesters gathered in Rome this past weekend to voice anger over new measures calling for a nationwide face mask mandate for anyone out in public or face a fine of up to $1,200. “From now on, masks and protective gear have to be brought with us when we leave our house and worn. We have...
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CORONAVIRUS & MENTAL ILLNESS
The coronavirus and its effect on mental health has been an ongoing concern by medical professionals, but a new global initiative hopes to learn more about the virus and its impact on those with mental illness. The Financial Times reported last Saturday that the Healthy Brains Global Initiative hopes to raise $10 billion from a...
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CA GOVERNOR URGES DINERS TO WEAR MASKS IN BETWEEN BITES
Governor Gavin Newsom’s office was mocked over a tweet earlier this month telling California diners to make sure they wear their mask in between bites when eating out. The message was tweeted on 3 October and was panned on social media. One commenter pointed out the risk for virus transmission increases each time someone touches...
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MAN DIES IN FACE MASK CONFRONTATION
A New York State man was charged with negligent homicide last Tuesday after police say he shoved an 80-year-old man who confronted him in a bar about not wearing a face mask amid the coronavirus outbreak. Donald Lewinski, 65, was confronted by Rocco Sapienza inside a bar near Buffalo, The New York Times reported. Lewinski...
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JEWISH LEADERS FIGHT CUOMO’S RESTRICTIONS
Jewish leaders in ultra-Orthodox communities in Brooklyn, NY, took to the streets last week to protest what they see as being unfairly targeted by Governor Andrew Cuomo after he announced new limits to religious gatherings in specific communities in the City. Some local officials issued a statement criticizing Cuomo over his actions. “He has chosen...
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UNIV. OF NEW HAVEN QUARANTINES DORMS AFTER “UNAUTHORIZED” GATHERING
Administrators at the University of New Haven, located in West Haven, CT, ordered a residence hall for students on its campus must quarantine after an “unauthorized” gathering included a person who tested positive for COVID, according to a report. The CT Post reported last Tuesday the school issued a statement that said the measures are...
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