Share to Twitter Share to Linkedin TOPLINE As jobless claims surged last week to 22 million nationwide, nearly half of all states have reported double-digit percent losses to the cash reserves they use to pay unemployment claims, according to a new analysis by the Wall Street Journal , raising the possibility that states may need a federal bailout in order to help keep the unemployed afloat. KEY FACTS Nearly 50% of states including California, New York and Massachusetts have drained almost half of their total trust fund reserve in funding unemployment payments for those out-of-work due to the coronaviru pandemic, per WSJ . With unemployment rising week over week, states could run out of money and need loans from the federal government, say economists . While the federal stimulus package pays for an additional $600 per week for those who are out of work due to the crisis,, states still pay the pre-coronavirus unemployment rate to … [Read more...] about Report: States Are Rapidly Draining Their Unemployment Funds
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Glory And Financial Reward: What’s At Stake In Italy’s Serie A And Serie B As Season Wraps Up
Share to Twitter Share to Linkedin Italy’s top-two soccer divisions, Serie A and Serie B, are keeping fans glued to their television screen, as the end of the 2021/22 season has been filled with drama in both leagues. In Serie A, the city rivals of AC Milan and Inter Milan are neck and neck in the much heated Scudetto race, while in Serie B, four teams are fighting to gain access to Italy’s prestigious top-flight. As Serie A and Serie B prepare to wrap up, glory and financial rewards will serve as major motivators for clubs in the final games of the season. Serie A has experienced one of Europe’s most intense championship fights this year, as only England’s Manchester City and Liverpool can be said to have put up a similarly thrilling show across the other major European soccer leagues. To make the competition in Italy even more electrifying, it is the two Milan-based clubs, AC Milan and Inter Milan, that are battling it out for the … [Read more...] about Glory And Financial Reward: What’s At Stake In Italy’s Serie A And Serie B As Season Wraps Up
De Blasio To Trump: ‘Are You Telling New York City To Drop Dead?’
Share to Twitter Share to Linkedin TOPLINE New York City Mayor Bill De Blasio’s calls on President Trump to provide federal assistance increased in ferocity at a Sunday press briefing after announcing last week a $2 billion budget slash in city municipal services, as the resources are redirected to fight coronavirus. KEY FACTS “How on earth do you think that New York City can get back on its feet without federal support?” said De Blasio. “Mr. President, are you going to save New York City, or are you telling New York City to drop dead?” De Blasio is requesting the President call on Senate Republicans to provide federal stimulus to New York City, comparing Trump’s neglect of New York City to that of President Gerald Ford’s during the 1970s fiscal crisis. On Thursday, De Blasio announced a $2 billion cut to the municipal budget, which will affect all aspects of New York City life, with cuts like public pool closures, fewer trash pickups and … [Read more...] about De Blasio To Trump: ‘Are You Telling New York City To Drop Dead?’