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Washington s paralysis is deepening American inequality
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Washington s paralysis is deepening America s inequality CNN 12/11/2020 © SAUL LOEB/AFP/Getty Images
There was another key step in the incredibly thorough US drug approval process toward a vaccine today as an FDA panel recommended approval for Pfizer. Final approval could come within days.
Health and Human Services Secretary Alex Azar, who has now met with President-elect Joe Biden s health policy team, said Thursday that 20 million Americans could be vaccinated within weeks.
A 9/11 every day for 90 days
That, coming on the back of reports from Britain about vaccinations starting there, seems to be driving a feeling of optimism that we might finally be on the verge of defeating the virus, even as it continues to spread and kill people.
The Covid Divide: The pandemic economy has hurt some, but helped others CNN 12/10/2020 © Shutterstock
For many Americans, the economic effects of the pandemic have been devastating. Millions have lost jobs. Food and housing insecurity has soared. And roughly half of US households reported a drop in income this year, according to Bankrate.com.
Life will get worse for them if they don t get more financial help or paying work soon.
But others lucky enough to keep their jobs and even work from home have ended up financially better off, or at least unaffected, thanks to such factors as a rising stock market, increased savings, or a boost in demand for their business.
Why the stock market feels immune to the pandemic
ADP Chief Economist Nela Richardson says the US job market will continue to struggle until a stimulus is passed and a vaccine can be widely distributed.
Posted: Dec 10, 2020 8:43 AM
Updated: Dec 12, 2020 10:30 AM
Posted By: CNN
If you ve paid any attention to Capitol Hill, you know lawmakers are having huge problems getting a new $1 trillion-ish stimulus package passed even though Democrats, Republicans, business leaders and the Federal Reserve have all said the government must pump this money into the economy.
But if you re lucky enough to have a 401(k), you may also have been shocked to see your bottom line grow. Maybe a lot.
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