Motorcycles Republicans Fussing With Unworkable Unemployment Plan As Benefits Lapse
Nissan plans $2.8 billion in cuts, dumps Datsun brand as it restructures
Nissan Motor Co plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability. Following a three-year spell of tumbling profits, Nissan will announce its restructuring plan on May 28, its latest attempt to slash costs after a strategy of aggressive selling to chase market share has pummeled its bottom line.
Senate Republicans on Monday are set to unveil their long-awaited proposal for another coronavirus economic stimulus package, including some kind of extension of enhanced unemployment benefits that are set to expire this week for millions of Americans.
Based on Republicans’ descriptions of their plan, a trade association for state unemployment agencies has already said it would be an implementation nightmare with wildly different results among states.
Southwest Airlines Squares Off With Biological and Economic Headwinds
Southwest Airlines is a discount leader on a discount. But broader health and economic concerns are likely to keep LUV stock deflated for longer than investors think.More From InvestorPlace Top Stock Picker Reveals His Next 1,000% Winner America’s Richest ZIP Code Holds Shocking Secret #1 Under-the-Radar 5G Stock to Buy Now The 1 Stock All Retirees Must OwnIn short, no. While we’d like to believe that states gradually reopening their economies will magically restore demand, the situation is much more complicated.
The $1 trillion measure is supposed to be a starting point for negotiations with top congressional Democrats. But already it has divided the GOP and faces stiff opposition from conservatives. It includes another round of stimulus checks, similar to those paid out earlier this year, as well as aid to schools and smaller businesses, and expanded liability protections.
The Republican proposal will replace the extra $600 in federal unemployment benefits that Congress created in March with an individualized amount based on workers’ previous wages, White House chief of staff Mark Meadows said Sunday.
“We are going to be prepared on Monday to provide unemployment insurance extension that would be 70% of whatever the wages you were prior to being unemployed,” Meadows said on ABCNews’ “This Week with George Stephanopoulos.”
No full house as Tampa Seminole Hard Rock casino reopens
TAMPA — Reopening a casino in the midst of a pandemic means everything from installing thermal-imaging cameras to watch for gamblers with a fever to sanitizing the poker chips. On Thursday, the Seminole Hard Rock Hotel & Casino Tampa welcomed customers back. First to arrive were about 1,000 invitees, the casino’s best customers. Doors were scheduled to open to the public at 7 p.m. Jim Allen, the chief executive officer of Seminole Gaming and the chairman of Hard Rock International, expected that even at half-capacity, the casino might see 3,000 to 4,000 patrons over the course of the evening.
But there could be a huge problem with structuring the proposal like that if Republicans want the extra $600 replaced immediately. It would take at least a month for states to set the extra benefits according to individual wages, the National Association of State Workforce Agencies said. For some states, it could take longer than 12 weeks.
“If such a policy solution is chosen, the effective date should be set well in the future, with a continuation of a flat amount until that future effective date,” the trade association said in a . It’s not clear if the Republican proposal would call for an immediate transition or a later starting point, perhaps with a smaller flat amount in the meantime. (Even changing the amount could take as long as five weeks in some states, according to the association.)
It’s no surprise that state unemployment agencies would struggle with a new policy. After all, it took weeks and in some cases months for states to implement the changes Congress enacted in March. Several unemployed workers have told HuffPost they still can’t get anyone on the phone when they have a problem with their claim.
Renault plans to cut 15,000 jobs worldwide, including 4,600 in France
The French car manufacturer Renault plans to cut about 15,000 jobs worldwide, including 4,600 in France, union organizations told AFP. © Martin BUREAU / AFP The French car manufacturer Renault plans to cut around 15,000 jobs worldwide, including 4,600 in France, as part of a savings plan of 2 billion euros over three years, he said. we learned Thursday evening from concordant sources.
Meadows said the U.S. Labor Department would get help from the Treasury Department, which managed to distribute more than 159 million direct payments to households earlier this summer. But the National Association of State Workforce Agencies said involving Treasury would create “many administrative issues” and it would be faster to tell states to maintain a flat benefit amount.
Meanwhile, more than 25 million Americans receiving benefits got their final payments with the extra $600 over the weekend. Next week, they will receive only the state portion of their benefits, which typically amounts to less than $400. That income loss could have a .
Kevin Menard of Gladstone, Michigan, said he and his spouse are “breaking even” thanks to the extra $600. He receives less than he did from his job as a corporate travel agent, but enough to pay his bills. Without the extra money, he will have to prioritize his mortgage and figure out which obligations have to slide.
Alliances with the right: the indignation with variable geometry of the macronie
© Copyright 2020, L'Obs Logically, the management of LREM should have been indignant about the "malaise" of Bordeaux. A mini political scandal that went almost unnoticed. And yet. On the banks of the Garonne, we experienced a small case of loss of ethics roughly similar to the Lyon case.
“Somebody’s not going to get paid. I’ve always been on time with everything.” Menard, 52, said in an interview. “I’m seriously going to have those conversations and I’ve never been in this situation my entire life. I’ve never not had a job since high school.”
Republicans have complained the extra $600 discourages people from taking jobs, even though the pandemic continueis surging and public health experts say staying home is still the country’s best medicine. Menard said that he wouldn’t feel safe trying to strike up a new career and that he’s still technically employed at his old job, on furlough until October.
House Democrats passed their own $3 trillion measure in May. Among its relief provisions, the bill would fully extend the added unemployment benefits until the end of this year. Republicans, however, decided on a wait-and-see approach to further coronavirus aid, declining to act until just a few weeks before the July 31 deadline.
“The simple, easiest thing to do is extend it,” Senate Minority Leader Chuck Schumer (D-N.Y.) said Monday on MSNBC’s “Morning Joe.” “It’s been one of the most successful programs at keeping people out of poverty, getting money into the economy quickly. Had we not done it, we’d probably be in a depression. If we don’t do it again we could go into a depression, as bad as this recession is.”
Staying safe on the road with motorcycles
For both motorcycles and vehicles, Marquette City Police always recommends that you are paying attention to your surroundings and anticipating possible problems before they occur. This is especially important now, since motorcycles are sometimes harder to spot on the road. “Make sure that you drive defensively, pay attention to your speed, signal your turns early and once again, just make sure that you don’t assume somebody sees you on a motorcycle, because quite often they don’t,” said Sgt. James Finkbeiner of the Marquette City Police.
Democrats will have leverage over the final product, and their support is necessary to send the legislation to the president’s desk. Half the Senate Republican conference is currently opposed to passing any additional stimulus, Sen. Lindsey Graham (R-S.C.) said Sunday on Fox News.
“It’s just shoveling money to her friends and not actually solving the problem,” Sen. Ted Cruz (R-Texas) said of House Speaker Nancy Pelosi in a separate Sunday interview on CBS.
White House officials on Sunday floated an alternative proposal before the broader package had even been unveiled, something that doesn’t bode well for this week’s expected round of negotiations. The more narrow package would include only a partial extension of the enhanced unemployment benefits, along with some funding for schools, and expanded liability protections for businesses.
But Pelosi has repeatedly rejected that approach.
“We have stood ready to negotiate for more than two months,“Pelosi said in a statement Monday, calling on Republican leaders to meet with her and Schumer within a half-hour of releasing their plan today. “If Republicans care about working families, this won’t take long. Time is running out. Congress cannot go home without an agreement.”
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