Monday, July 26

Economy

Bipartisan, contributor 2019, Economy, Government, House, Nancy Pelosi, Politics, Senate, Washington DC, weekend BI US

Nancy Pelosi says the House won’t vote on the bipartisan infrastructure deal until after the Senate passes a larger package

Nancy Pelosi says the House won't vote on the $1 trillion bipartisan infrastructure package until the Senate passes a separate $3.5 trillion package. "We all know that more needs to be done," she offered in an appearance on ABC on Sunday. GOP Senator Rob Portman says Pelosi's stance contradicts President Biden's efforts to pass the bipartisan deal. LoadingSomething is loading. ...
American time use survey, Bureau of Labor Statistics, Commute, Commute time, commuter, daily commute, Economy, Markets, Transportation

The pandemic ended the daily commute

Many Americans stopped commuting daily amid lockdowns and working from home in the last year. The average amount of time spent traveling each day dropped from about an hour and 12 minutes in 2019 to 47 minutes in 2020. Only about two-thirds of Americans traveled anywhere on an average day in 2020, down from 84% in 2019. LoadingSomething is loading. ...
BI Commentary, Commentary Freelancer, Congress, Economy, Fight for 15, McDonald's, Minimum Wage, Opinión, Politics, Retail, Workers

It’s been 12 years since Congress last raised the minimum wage. As a McDonald’s worker who makes just $10 an hour, I’m getting sick of Congress delaying another much-needed raise.

It's been 12 years since the federal minimum wage was increased to $7.25 per hour. I'm a McDonald's worker who makes just $10 per hour. Millions of people across the country can no longer afford to wait — Congress must raise the minimum wage and lift workers out of poverty. Jarmier Owens has worked at a McDonald's location in Detroit for four years. This is an opinion column. The thoughts expressed are those of the author. LoadingSomething is loading. ...
Bernie Sanders, BI Graphics, Economy, Elizabeth Warren, Fight for 15, Infrastructure, Kyrsten Sinema, Markets, Minimum Wage, Minimum Wage Challenge, Minimum wage increase, Mitt Romney, Moderates, Rob Portman, Tom Carper, Tom Cotton

Inside the disagreement and inaction in Congress over raising the minimum wage, which hasn’t gone up in 12 years

The federal minimum wage was last raised on July 24, 2009 — 12 years ago. As legislators squabble over infrastructure, the minimum wage is still nowhere to be found. Democrats do still want to raise it, but the party is split on how and when to do it — and how much. LoadingSomething is loading. The federal minimum wage was last raised on July 2...
Analysis, BI Graphics, coronavirus, delta variant, Economic Recovery, Economy, Markets, Pandemic, Unvaccinated, Vaccinations, Vaccine

The week the Delta variant threatened the economy

The highly contagious Delta variant of the coronavirus now makes up the majority of US Covid cases. Americans are getting worried, sending markets on a fleeting plunge this week. While economic data suggests a robust recovery, the Delta variant remains a threat. LoadingSomething is loading. Just when Americans are getting into the throes of a ...
Biden, Chuck Schumer, Economy, Education Department, Elizabeth Warren, Justice Department, Markets, Policy, Politics, Student Debt, Student debt forgiveness, Student Loans

Biden has been assessing the legality of canceling $50,000 in student debt for millions of Americans. After several months, there’s still no word.

Early in his term, Biden asked the Education and Justice Depts. to review the legality of canceling student debt. They are assessing $50,000 in student debt being canceled per person, and no update has been released. Some Democrats remain adamant that Biden can cancel student debt under the Higher Education Act. LoadingSomething is loading. Ima...
BI Commentary, Climate change, COVID-19, Economy, Farmers, Healthcare, Heatwaves, Opinión, permalancer, Politics, Science, Workers

Heatwaves are killing workers on the job. The government needs to set new rules for employers before more Americans needlessly die.

Extreme heat is a public health crisis, just like the coronavirus pandemic. Essential workers and communities of color are put at higher risk for heat-related illness and lack protections, just as they have during the pandemic. While emissions need to be cut, the present impacts of heat on people need to be addressed with changes to regulations and infrastructure. Abdullah Shihipar is a writer who covers public health, class, and race. This is an opinion column. The thoughts expressed are those of the author. LoadingSomething is loading. ...
BI Commentary, Consumer spending, covid, delta variant, Economy, Federal Reserve, GDP, Markets, Opinión, Pandemic

The US economy’s boom is far from over — even with the Delta surge

With the Delta variant surging, COVID worries on once again on the rise. But there's no reason to worry about the US economy, even with new restrictions being floated. A helpful Fed, the encouraging data around vaccines, and flush consumers should keep the economy chugging along. This is an opinion column. The thoughts expressed are those of the author. LoadingSomething is loading. ...
Alexandria Ocasio-Cortez, AOC, Biden stimulus, CDC, Democrats, Economy, eviction moratorium, evictions, Markets, Moratoriums, Policy, Politics, rent relief

AOC tells Biden not to be’reckless’ and urges him not to allow the eviction ban to lapse in July, putting 6 million Americans at risk

AOC is urging Biden to renew an eviction moratorium that's ending in eight days. "We must protect the vulnerable and do everything in our power to prevent a mass eviction crisis," she said. Advocates are pressing for an extension because of rising virus cases and an ineffective stimulus relief program. LoadingSomething is loading. Rep. Alexandr...