•   
  •   
  •   

Politics American Air CEO ‘Confident’ U.S. Payroll Aid Will Be Extended

20:20  27 september  2020
20:20  27 september  2020 Source:   bloomberg.com

Tour de France 2020 schedule: Start time, dates, live stream, route, how to watch, TV coverage, highlights

  Tour de France 2020 schedule: Start time, dates, live stream, route, how to watch, TV coverage, highlights The 2020 Tour de France begins on Saturday, August 29 through September 20. The three-week long cycling event was originally scheduled to take place from June 27 to July 19 but was postponed because of the pandemic. This year marks the 107th edition of the event and the first time since the end of World War II that the race is not taking place in July.  The 2020 Tour also features 12 new sites and stage cities indicated with an asterisk in the list for the 2020 Tour de France schedule below.

(Bloomberg) -- American Airlines Group Inc. Chief Executive Officer Doug Parker said there’s sufficient time for U.S. Congress to agree on extending $25 billion in federal aid that would prevent layoffs for tens of thousands of airline workers on Oct. 1.

American will continue urging Congress to resolve a stalemate and approve the aid as part of a broader economic stimulus package, Parker said Sunday in an interview on CBS’s “Face the Nation.” The approaching deadline could spur action, he added.

Social Security and Medicare are on the ballot this November

  Social Security and Medicare are on the ballot this November That is why, for the first time in 38 years, we are throwing our weight behind Joe Biden for President of the United States. As an organization rooted in the social insurance policies of FDR's New Deal - and after observing relentless attacks on lifeline programs like Social Security and Medicare - we could not in good conscience remain neutral this year. © Getty Images Social Security and Medicare are on the ballot this November For us, the straw that broke the camel's back was the president's reckless payroll tax cut, which he unilaterally imposed in an executive order last month.

“I’m confident” the payroll aid will be extended, Parker said. “There’s certainly not much time left, but there’s enough time. Often times, a deadline like this is what is needed to get action. We’re hoping that is the case.”

Doug Parker wearing a suit and tie: President Trump And Vice President Pence Participate In Coronavirus Briefing With Airline CEOs © Bloomberg President Trump And Vice President Pence Participate In Coronavirus Briefing With Airline CEOs

Doug Parker

Photographer: Stefani Reynolds/Bloomberg

Layoffs would shrink the U.S. airline industry, seriously hampering its ability to rebuild service once demand, economy improve, he said.

Read: American Air Gets $5.48 Billion U.S. Loan in Upsized Deal

There’s been some increase in passenger demand, Parker said, echoing comments by several other carriers. Still, American expects third-quarter revenue to fall 75% from a year earlier, and drop 65% in the fourth quarter.

Speaker Nancy Pelosi said on CNN’s “State of the Union” that there’s a chance she and Treasury Secretary Steven Mnuchin can still reach a deal on a coronavirus stimulus package, and that Democrats will unveil a new “proffer” shortly.

“Our plan is to get Congress and the administration to come together and get a relief bill passed,” Parker said. “There is enormous bipartisan support for it.”

For more articles like this, please visit us at bloomberg.com

©2020 Bloomberg L.P.

Rangers to reduce payroll in 2021 .
Like many or most other teams, the Rangers are planning to trim their payroll in response to the revenues lost during the shortened 2020 season.  In a session with media earlier this week, managing partner Ray Davis told Evan Grant of the Dallas Morning News and other reporters that “two major factors” will contribute to less spending next year: © Troy Taormina-USA TODAY Sports The Rangers are planning to trim their payroll in response to the revenues lost dur “The first is how much baseball is going to lose [financially] in 2020.  And also, the life cycle of our club.

—   Share news in the SOC. Networks
usr: 3
This is interesting!