Apropos my previous post, a new NBER paper by Casado et al estimates the effect of pandemic unemployment benefits on local spending: The FPUC supplement to unemployment insurance of $600 ended at the end of July 2020. Prior to its expiration, the average weekly benefit paid was $812, which would fall to $257, implying a […]
In a semi-rational world, Trump and Senate Republicans would have agreed to a reasonably generous economic relief package along the lines of the HEROES Act approved by the House. Without an extension of the special pandemic unemployment benefits and aid to state and local governments, a humanitarian disaster is inevitable and a macroeconomic disaster a […]
Did July’s headline jobs number miss business closures, and so overcount job gains? A few issues arose with regard to last Friday’s jobs number; in particular, the effect of government jobs in the form of Census and teaching jobs, whether seasonal adjustments are unhelpful at this time; and whether the birth/death model used by the […]
“Executive Order” Versus “Executive Action” Such As A Memorandum Most of the news media has reported that President Donald J. Trump has signed four “executive orders” involving extending unemployment benefits at a $400 rate, deferring (or ending?) payroll taxes for Social Security (opposed by both parties in Congress), extending a ban on evicting renters, and […]
by rjs Once again, here are the links to this week’s coronavirus news collections, as posted overnight at Econintersect: 09 Aug 2020 – Coronavirus Disease Weekly News 09August 2020 09 Aug 2020 – Coronavirus Economic Weekly News 09August 2020 New coronavirus cases in the US were down another 10% this week, and the week’s virus death toll was down by […]
The 2020 Presidential election nowcast: polling trends favorable to Biden continue Here is my weekly update on the 2020 elections, based on State rather than national polling in the past 30 days, since that directly reflects what is likely to happen in the Electoral College. Let me begin with a reminder that polls are […]
With regard to Trump’s three memos and one Executive Order. We did go through this one time before with the ACA and funding for the Risk Corridor Program as I wrote “Risk Corridor, Healthcare Premiums, Companies Leaving the Exchanges, and Republicans.” The GAO said the President can not appropriate funds for funding of programs. Only […]
Mark Jamison’s commentary on USPO matters have been featured at Angry Bear Blog a number of times over the years. A retired postmaster, Mark Jamison serves as an advisor, resident guru, and a regular contributor to Save the Post Office. Mark’s previous posts concerning the USPO can be found here at “Save The Post Office” […]
Photos emerged last week of students, with very few wearing masks, in a crowded hallway in North Paulding High School, in Dallas, Georgia. Dallas, about 45 miles NW of Atlanta, is in Paulding County. Last week, Paulding County recorded 214 new cases of COVID-19 and an infection rate of 1,036 per 100k population. Nearby by […]