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This Morning in Metals: Senate passes $1T infrastructure bill

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News of the Week: Spring Thoughts, New Books, and Cookies from Out of the Sky

What would George Washington look like if he was a politician today? Well, like this. It was only two weeks ago but I’ve already forgotten who won at the Academy Awards. If there’s one thing I hope doesn’t come back after the pandemic it’s ball kids at tennis tournaments having to handle the gross towels the players use. This has always been odd to me and there’s no reason to go back to doing it. Two minutes after typing that Love Story line above I saw Ryan O’Neil on an episode of Leave It to Beaver and I swear I didn’t plan it that way.

$1 Trillion in Non-COVID-Related Coronavirus Stimulus & Relief : Who Exactly Was Rescued?

provided some targeted COVID aid: $473 billion in payments to individuals, $75 billion in cash for vaccines, $26 billion to restaurants, $15 billion to help fund airline payrolls, and another $7.2 billion in Paycheck Protection Program funding for small businesses. For example, the original bill included a hike in the minimum wage to $15 per hour. Even the non-partisan Congressional Budget Office (CBO) determined that move would cost the U.S. economy $1.4 million jobs. A quick spotlight on agencies and entities receiving “coronavirus recovery” money in the bill includes: $350 billion to bailout the states and the District of Columbia. The allocation formula uses the unemployment rate in the fourth quarter of 2020. Therefore, states like New York and California –who had strict economic lockdown policies and high unemployment– will get bailout money. States like Florida and South Dakota – who were open for business – will get less.

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