American Rescue Plan Has Passed - Biden to Sign Executive Order Hiking Min. Wage to $15/Hour for Federal Contract Workers. . .Polls: "SPEND MORE!"

When you're employed, you pay part of the premium and the company pays part. When you leave the premium stays the same, but the employer doesn't pay part of it anymore. The COBRA rate is what the premium was all along, but you have to pay it all.

Some companies play some very dirty tricks to get former employees off COBRA.

@Sandy Shopper wrote:

Yeah, that's the thing about COBRA. Employers have to offer it, but they don't have to make it affordable. Over 20 years ago, my COBRA would have cost nearly a thousand a month. Went a few months with no insurance until the new job's insurance kicked in. A very scary thing to be single and uninsured!

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@panama18 wrote:

She said again yesterday that she won't go for a smaller package. "I don't think, strategically, it's where we should go right now" is what she told PBS Newshour.

Strategically. Ya like that? We are all pawns in her game.

@shoptastic wrote:

[www.bloomberg.com]

Pelosi Favors Slimmed-Down Stimulus Now, Then More in January
They might believe they have the upper-hand in negotiations, since they are asking for more and the GOP has more to lose. Trump and Mitch are up for re-election this November. I don't think their constituents would accept the excuse that they were trying to get them less stimulus and winded up with nothing.

I still think we'll get something decently big done, but it could take through September's end. ...Although, there is a lot of side-stuff being debated....mail-in ballots, bailing out bankrupt states, school funding, etc.
If they've been bankrupted by situations beyond their control (pandemic, natural disasters, etc) then yes, they should.
@Sandy Shopper wrote:

If they've been bankrupted by situations beyond their control (pandemic, natural disasters, etc) then yes, they should.

I would agree with that somewhat, but what process will we put in place to determine whether a state was bankrupted by a situation beyond their control? Or whether poor fiscal management by the state leadership cause the bankruptcy?
Essential workers - screwed once again. As long as the stock market is gaining there will be no stimulus package. They worked very fast and hard when the market was in trouble but now it is just crickets.
@teriraia wrote:

Essential workers - screwed once again. As long as the stock market is gaining there will be no stimulus package. They worked very fast and hard when the market was in trouble but now it is just crickets.
Well, technically, essential workers are working. smiling smiley Although, blue-collar and lower-income workers have greatly suffered. There was a chart I saw on CNN Business or Bloomberg (can't remember) that showed upper-income workers' employment has practically returned to the same levels pre-COVID. It's off by like just 1 or 2% from pre-COVID levels. On the other hand, lower-income workers are crushed. They are nowhere near back. And, yes, they will be facing eviction, hunger, permanent job losses, higher debt, bankruptcy, homelessness, etc. soon if nothing is done.

It's not just the wealth and employment figures that show great disparities in people's experiences. There is also the health outcomes. Here is one example (Florida): [www.theguardian.com]

The wealthy, who can afford to not work and/or can work from home and also live in less densely populated areas, are seeing less deaths in Florida. The wealthy mostly have done much better:
-stocks rebounded (technology indexes at all-time highs)
-employment rebounded
-health outcomes greatly better

I guess the one factor that tilts against some of the wealthy is age. Those with the most money are often older and the most at risk of bad outcomes for COVID. They may be stuck at home and living in fear.
@ wrote:

The majority of U.S. states are now approved to send workers the extra $300 weekly unemployment benefit from the federal government.

States have been applying for the funds from the Federal Emergency Management Agency (FEMA) over the past few weeks. So far, Arizona and Texas have started paying out the claims.

The following states will also start paying out the enhanced benefit in the coming weeks: Alabama, Alaska, California, Colorado, Connecticut, Georgia, Idaho, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, New Hampshire, New Mexico, New York, North Carolina, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Texas, Utah, Vermont and Washington.
[www.cnbc.com]

So is this just a three week program extension?
These are FEMA finds and, because they were not sure how far they would stretch, only 3 weeks of funding is guaranteed to the states. Key word is "guaranteed." Lots of things could affect later funding. Ironically, the 3 weeks will end before Congress returns after Labor Day.

With all of the wild fires in CA and the storm devastation in Iowa, not to mention hurricane threats, FEMA finds may be needed to address those emergencies, as well. So, how it will be handled after 3 weeks is very much up in the air.

Based in MD, near DC
Shopping from the Carolinas to New York
Have video cam; will travel

Poor customer service? Don't get mad; get video.


Edited 1 time(s). Last edit at 08/25/2020 05:22PM by walesmaven.
Yeah, it seems a bit wrong to take from FEMA during these crazy times.

California is a mess. ...mayyyybe the only silver lining is the burned down buildings need rebuilding. New construction jobs for people?
Who could predict the "lightning siege" that assailed the SF area? That is extraordinary, and even without covid, those fires would have generated an exceptionally heavy cost and need for additional funds. Have no doubt that actual, verifiable priorities will be addressed.

The human spirit needs places where nature has not been rearranged by the hand of man. ~ Unknown
_____
I’ve noticed that everyone who is for abortion has already been born. - Ronald Reagan
_____
In the meantime, it's a lot of jobs for people. Even here, after the recent hurricane and flash rain storm flooding (where some neighborhoods got totally soaked with a couple feet of water...some areas got so bad their houses were flooded inside), there is a lot of repair work. This always happens. Big storm = lots of construction/maintenance/repairmen coming out.

My hair stylist used to say she hated dating construction workers and would never do it again, because they usually were not reliable people (her view - not mine). They never knew when they could come upon work. An almost certainty, however, is lots more work after storms and fires in a region.

Flooding is horrible for the mold that follows oftentimes. I had that in one of my old cars.
[www.bloomberg.com]

@ wrote:

For reference, there were 13.55 million unemployed workers in the U.S. labor force in August, meaning about 25% consider themselves permanently jobless. By contrast, when unemployment peaked after the last recession in late 2009 at 15.35 million, about 6.82 million were deemed permanent job losers, or roughly 45%. On a percentage basis, August marked the sharpest increase in that ratio on record.
Permanent job losses are rising. This has been feared, but somewhat expected too. As PPP loans expire and employers can fire people without fear of jeopardizing their loan forgiveness, as workers once furloughed are now realizing their employer has decided to cut costs and downsize, or as workers come back to businesses that cannot survive anymore in the depressed economic environment, temporary layoffs in the past are becoming permanent.

I'm seeing analysis that we'll have at least the same or higher permanent job losses as the 2008 Global Financial Crisis when all is said and done. The next few months will be a big test, as reopening has begun and already sputtered a bit. Census hirings (a seasonal and temporary one-off) may not inflate future unemployment reports.
Latest Update:
Dems block a meaningless $300 billion GOP stimulus bill. The GOP previously proposed a $1 trillion bill, while the Dems proposed a $3 trillion one. So, yeah, the $300 billion one is offensive and a downgrade.
[www.usatoday.com]

Trump's FEMA-funded extended $300 extra unemployment benefits has expired as of September 5th for multiple states (TX being the biggest one): [www.bloomberg.com]

Edited 2 time(s). Last edit at 09/10/2020 08:40PM by shoptastic.
I have a wee job and am starting another one (yesterday's info on another post was an oops). I can still add merch and shops. I will not be eligible for fed money. I just have to work. I was thrilled when some of the senators proposed a targeted approach to the issue. This showed some restraint and courage. I was horrified by the enormity of the house proposal and that many people seem to want and demand that massive fed teat instead of other, incremental, and/or utterly different approaches to economic change.

Meanwhile, I need a nap. Then, it is time to get my HR stuff in order, grab a snack, and get to work on time,

The human spirit needs places where nature has not been rearranged by the hand of man. ~ Unknown
_____
I’ve noticed that everyone who is for abortion has already been born. - Ronald Reagan
_____
@Shop-et-al wrote:

I was thrilled when some of the senators proposed a targeted approach to the issue. This showed some restraint and courage. I was horrified by the enormity of the house proposal and that many people seem to want and demand that massive fed teat
*forgive my snarky mood - no sleep*
When the Federal Reserve stops bailing out junk-bond rated debt by our largest corporations, then maybe we can talk about giving less to average Americans is how I see it.
@ wrote:

instead of other, incremental, and/or utterly different approaches to economic change.
No more socialism and back up the Brinks trucks bailouts for corporations and the wealthy and "incremental"-ism and "restraint" for the poor/middle-class, please, Mr. Trump (not that you care, since you're bought by your wealthy donors)! grinning smiley

If you want austerity and responsibility, let's start with the wealthy/powerful/corporations. They can lead by example. If the money printing stops, it needs to stop for everyone. If it continues, then it needs to continue for everyone.

Edited 2 time(s). Last edit at 09/12/2020 03:44PM by shoptastic.
@ wrote:

More than 35,000 airline industry employees will be laid off from their jobs next week unless Congress is able to pass an extension of the Payroll Support Program (PSP) in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

“I want people to know about the amount of human suffering and economic pain that is going to be inflicted if a deal isn’t cut by October 1,” Airlines For America (A4A) President and CEO Nick Calio told Yahoo Finance. “It’s very real and it can be stopped. It can be prevented.”
[finance.yahoo.com]
I feel bad for the workers, but not the corporate execs.

Ginsburg's death puts some strain on the prospects for a stimulus deal before the elections. With attention focused on a Supreme Court replacement and Democrats possibly fighting back by holding out on stimulus, things may get dicey.

It might be time to bug your Congressional leaders with phone calls.

Edited 1 time(s). Last edit at 09/22/2020 01:45PM by shoptastic.
How can our government help us to develop and spread kindness and mercy? If it is not too expensive, can we get some of that?

The human spirit needs places where nature has not been rearranged by the hand of man. ~ Unknown
_____
I’ve noticed that everyone who is for abortion has already been born. - Ronald Reagan
_____
@Shop-et-al wrote:

How can our government help us to develop and spread kindness and mercy? If it is not too expensive, can we get some of that?
Those can only be given with individual free-will. It's an interesting question, as all the money in the world cannot buy kindness, love, mercy, etc. smiling smiley

As for the stimulus news: [www.forbes.com]
@ wrote:

Nancy Pelosi and House Democrats unveiled a revised coronavirus stimulus package proposal earlier today. The relief package is an updated version of the $3.4 trillion HEROES Act that House Democrats passed in May and comes in at $2.2 trillion in cost.
Here's what's in the summary list released:
-$1,200 stimulus check
-$600 enhanced federal unemployment through the end of January 2021
-$436 billion in state and city aid to help with budget shortfalls
-PPP extension
-Airline worker relief funding (extending PSP, which ends Sept. 30, to keep workers paid)
-$225 billion toward education & $57 billion toward childcare
-Additional Items: funding for election security, the U.S. Postal Service, worker safety, food security, and coronavirus testing, tracing, and treatment.

Anyone disagree? $2.2 trillion is about the mid-way point for the two sides, so GOP should be satisfied with a compromise in theory if they really want to help the American people. Time is ticking away. . .
Mitch McConnell: "We’re Very, Very Far Apart"

[www.forbes.com]

NOT good. Even IF Pelosi and Mnuchin come to terms on a compromise, that'd still have to pass the GOP-controlled Senate.
The Senate is preoccupied with SCOTUS nomination.

When does Congress go into recess for the election? It should be any day now, I thought.

Based in MD, near DC
Shopping from the Carolinas to New York
Have video cam; will travel

Poor customer service? Don't get mad; get video.
Pelosi says some Dems will stay behind in the House when campaigning begins...next week?

This is not looking good. But, at the same time, it's weird. How will members of Congress explain their decisions to their suffering constituents in an election year? I saw an article a while back where Mitch was getting protested by his own constituents. Some guy said: "Mitch better have my money!"

Can one really be a fiscal hawk and get reelected during an election year and economic depression?

People of every background are suffering. [www.nbcnews.com]

@ wrote:

With just hours to go before mass layoffs decimate the airline industry slammed by coronavirus travel cutbacks, workers are pleading with Congress to pass a last-minute deal to save as many as 50,000 people from losing their paycheck.
50K airline workers could be laid off tomorrow.
Mitch is a smart and brave guy. Thoughts like those are the thinker's own internal issue.

Meanwhile, I was thinking of only one community. There are humble jobs available for just about anyone who is willing to humble themselves and tackle the work. This work is not enough to replace a high-falutin' career and bolster an ego, but it is enough to provide structure, honest work, and a few bucks.This has an extremely low covid risk, too. Money and no risk? All in the same job? Yup.

I wonder how much other humble work is still available, on a larger scale and in other places?

I hope that whoever votes on just how much money to spread around has a clear picture of who has absolutely no access to work, who is absolutely unable to perform available work, and who is too damned snooty to complete available work.









@shoptastic wrote:

Pelosi says some Dems will stay behind in the House when campaigning begins...next week?

This is not looking good. But, at the same time, it's weird. How will members of Congress explain their decisions to their suffering constituents in an election year? I saw an article a while back where Mitch was getting protested by his own constituents. Some guy said: "Mitch better have my money!"

Can one really be a fiscal hawk and get reelected during an election year and economic depression?

People of every background are suffering. [www.nbcnews.com]

@ wrote:

With just hours to go before mass layoffs decimate the airline industry slammed by coronavirus travel cutbacks, workers are pleading with Congress to pass a last-minute deal to save as many as 50,000 people from losing their paycheck.
50K airline workers could be laid off tomorrow.

The human spirit needs places where nature has not been rearranged by the hand of man. ~ Unknown
_____
I’ve noticed that everyone who is for abortion has already been born. - Ronald Reagan
_____
@Shop-et-al wrote:

Meanwhile, I was thinking of only one community. There are humble jobs available for just about anyone who is willing to humble themselves and tackle the work. This work is not enough to replace a high-falutin' career and bolster an ego, but it is enough to provide structure, honest work, and a few bucks.This has an extremely low covid risk, too. Money and no risk? All in the same job? Yup.

I wonder how much other humble work is still available, on a larger scale and in other places?

I hope that whoever votes on just how much money to spread around has a clear picture of who has absolutely no access to work, who is absolutely unable to perform available work, and who is too damned snooty to complete available work.
I haven't seen the latest figures, but remember when it was 5 million job openings to 30 million unemployed?

We likely still have much too many people unable to find work vs. picky/lazy/etc. folks.

It'd be ironic if the GOP held out and no deal got down and we got a Dem. sweep in November and then get the same $2.2 trillion (if not more) afterwards. LOL.
You, who stockpile gold, lol at trillions of dollars of national debt. Meanwhile, a beloved person from the early job is moving on to... wait for it... a different job that is better for them. I have returned to a part-time job. The hubby will probably add a part-time job within the next two or three weeks.

I think there is just a lot of po' mouthin' as part of a negotiation/money grab to get as much fed money as possible without working for it.

This should appear, albeit couched in suaver terms, in someone's official scrutiny of the proposal.

The human spirit needs places where nature has not been rearranged by the hand of man. ~ Unknown
_____
I’ve noticed that everyone who is for abortion has already been born. - Ronald Reagan
_____
If you're arguing for less (and/or more targeted) stimulus, I can understand that. If you're suggesting no stimulus (which I don't think you are), then, again, we have to keep in mind there are way more unemployed than job openings in the midst of a pandemic that is recently getting worse (and the government botched).

I actually like the idea of a giant Federal program (on top of whatever stimulus bill they may do) that:
a.) retrains people for a new, post-COVID jobs world and already secular growing trend of increasingly information-related jobs; and/or
b.) creates jobs in infrastructure that both sides agree on already

Prior to COVID, there had been talk since 2018 for a $1-$2 trillion infrastructure bill that both sides of the aisle were in agreement was needed for America (which shamefully has an infrastructure grade of "D" by the Society of Civil Engineers). Dems. not wanting to help Trump's reelection chances, however, began to hold out on that.
Permanent job losses are mounting:
April 2.6M
May 2.9 M
June 3.7M
July 3.7M
August 4.1M
September 4.5M
[www.cnn.com]

@ wrote:

That means the percentage rise over a six-month period has been the fastest on record going back more than 50 years. The doubling of those permanent job losses in such a short time frame has never happened before, not even during the Great Recession.

And permanent job losses are poised to keep climbing.

American (AAL)and United Airline (UAL)cut 32,000 jobs on Thursday alone. Disney (DIS) has announced plans to permanently cut 28,000 workers who has been on temporary furlough before now at its US theme parks. JCPenney (JCP) plans to cut 15,000 jobs as its closes 149 stores ahead of the holiday shopping season as part of its plan to emerge from bankruptcy. On Sunday, Cineworld, the owner of Regal Cinemas, said it may have to close more than 500 US theaters indefinitely. None of those permanent job losses are reflected in the most recent numbers from the Labor Department.
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