President Trump said during Saturday’s White House press briefing that he “received a nice note” from North Korean leader Kim Jong un and that their relationship is “doing fine.” North Korea responded to the “ungrounded” story: “ ‘The relations between the top leaders of [North Korea] and the U.S. are not an issue to be […]
WASHINGTON — Democratic leaders and Treasury Secretary Steven Mnuchin said Sunday they were close to striking a deal to replenish a popular program to help small businesses weather the coronavirus pandemic. Both Democrats and Mnuchin said they hoped an agreement could be completed in time for consideration by the Senate early this week. A deal […]
After recovering a chunk of the losses racked up during the worst of the coronavirus-induced selloff last month, the stock market finds itself at a crucial inflection point, writes Alan B. Lancz. “The next 45 days may just become the most critical period in U.S. financial history,” he wrote in a newsletter published Wednesday. “While […]
“ ‘If you were planning to enroll in college next fall — don’t.’ ” That’s the disheartening message longtime University of La Verne law professor Diane Klein recently delivered to high school seniors and their parents in a Medium post. In light of the coronavirus pandemic, she explained that nobody at this point knows whether […]
Several governors criticized President Trump on Sunday for tweets encouraging protests against states’ coronavirus lockdown measures. “I don’t think it’s helpful to encourage demonstrations and encourage people to go against the president’s own policy,” said Republican Gov. Larry Hogan of Maryland. Hogan’s comments came in response to a question from CNN host Jake Tapper about […]
WASHINGTON — President Trump offered competing messages on Saturday about how his administration would handle China’s alleged culpability in the coronavirus pandemic, which originated in the city of Wuhan. Speaking at the daily briefing of the coronavirus task force, Trump seemed to suggest that his response would differ depending on revelations on how the outbreak […]
Many Americans are eagerly anticipating stimulus checks of up to $1,200 starting this week, but in a few cases the recipients won’t be celebrating — because they’re dead. The IRS began distributing $290 billion in direct cash payments within the past week as part of a $2 trillion CARES Act stimulus bill, and anecdotes are […]
The $2 trillion stimulus bill that authorized direct checks to millions of Americans is a sprawling and complicated piece of legislation — true story. But here’s another true story: your money is yours to save, spend, invest or donate because it’s not a loan Uncle Sam is expecting you to pay back. Stimulus checks are […]
Even in normal times, being an economic forecaster requires a multi-disciplinary approach. Not only do you need to understand the economic relationships, but you have to take all sorts of other variables into account: politics, finance, meteorology, psychology, supply-chain management and more. Add epidemiology to the list, as award-winning forecaster Ian Shepherdson of Pantheon Macroeconomics […]
Four family members of a Virginia pastor who died from the coronavirus are now battling it themselves. The New Deliverance Evangelistic Church in North Chesterfield, outside Richmond, announced during an Easter Sunday address that Bishop Gerald O. Glenn had died of COVID-19. Glenn’s daughter, Mar-Gerie Crawley, said in a Facebook post days later that she, […]