Millions of those one-time payments are still on their way to Americans. The coronavirus shutdown, however, could have economic effects for months.
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"Others have suggested a minimum income, a guaranteed income for people," Speaker of the House Nancy Pelosi said in an interview with MSNBC on Monday. "Is that worthy of attention now? Perhaps so."
However, proposals to get more money to people share one big dilemma: How to give a financial boost to those who really need it.
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California food for seniors plan could run out of money soon - ABC News
LOS ANGELES -- California Gov. Gavin Newsom's first-in-the-nation plan to pay for and deliver three meals a day to vulnerable seniors during the coronavirus crisis has less than two weeks to launch before federal funding runs out, government documents show.
It wasn't clear how many, if any, cities and counties would be delivering meals in substantial numbers by May 10, when money from the Federal Emergency Management Agency is set to end. Also unclear is how much FEMA has budgeted for the program, though it told The Associated Press there is no preset limit.
Some Earning More Money On Unemployment Than While Working - What Is Their Incentive To Return To
Experts expect unemployment numbers to continue to rise through the early summer until more states loosen their stay at home requirements.
The additional $600 weekly unemployment benefit was designed to bring total federal and state unemployment benefits up to the average median weekly wage.
In effect, this is acting as a full income replacement for many individuals up to the median wage. In some cases, unemployed workers are earning more money while unemployed than they were while working.
Denver muralist raising money for businesses who've supported him | 9news.com
DENVER — It's easy to become mesmerized with every brushstroke as Patrick Kane McGregor, known more commonly as Kane, paints a large-scale, colorful dog on a plywood-covered window.
Painting man's best friend has become a signature for McGregor. He usually paints his own dog, Boug, an English bulldog who McGregor said sadly passed a few years ago.
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On a boarded-up window at Meadowlark Kitchen in the River North Art District (RiNo), McGregor worked on a mural of a pug named Winston. The dog in North Carolina has recently been making headlines as the first dog presumed to have tested positive for COVID-19.
Were you following this:
Smaller businesses have better chance with new PPP money, NC SBA director says | WLOS
Northwestern University turns down $8.5 million in federal coronavirus relief money - Chicago
Northwestern University says it will turn down about $8.5 million in federal stimulus money that it was set to receive from the U.S. Department of Education, following similar moves by wealthy universities that returned funds so schools in greater need could benefit.
The CARES Act, which set aside about $14 billion for higher education, reserved money for universities and colleges based on the number of students it enrolled and how many of them came from low-income backgrounds. Half of the money that schools received must be used to offer students emergency financial aid grants, and the rest of the money can be put toward other costs stemming from the COVID-19 pandemic.
125 Ways to Earn Extra Money—How To Earn Extra Money
Wealthy Move Their Money To Tax Havens
Lockdown might impact peoples' ability to move across borders, but it doesn't stop money flowing into tax havens around the world.
The economic shocks of coronavirus have meant that offshore financial centres such as Switzerland are back to their old tricks: Banking peoples' money away from their more risky homelands.
UBS, a Swiss bank and the world's largest wealth manager, announced its profits were up by 40%. In the first three months of 2020, it saw $12 billion in net new money, nearly treble the amount banked in the previous quarter.
Happening on Twitter
Reopening in phases is BS. Excuse to keep the economy closed for many more weeks while pretending it's open. One wa… https://t.co/nLP7k1zntm MattWalshBlog Wed Apr 29 01:30:41 +0000 2020
The biggest policy risk right now in the US (***aside from human life which I view as the most important*** ) is a… https://t.co/iF6dWxGziF chrislhayes (from Brooklyn) Tue Apr 28 22:31:17 +0000 2020
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