U.S. COVID loans saved 51 million jobs, gave billions to the rich
[NFA] Data on the small business Paycheck Protection Program (PPP) seemed to confirm worries among Democrats and watchdog groups that in addition to mom-and-pop shops, the funds went to well-heeled and politically-connected companies.
President Ram Nath Kovind in his address to the nation on the eve of Independence Day said that celebrations of Independence Day this year will be rather restrained. He said, "Celebrations of Independence Day this year will be rather restrained. The world confronts a deadly virus which has disrupted all activities and taken a huge toll. It has altered the world we lived in before pandemic." President Kovind said that August 15 fills us with excitement of unfurling the tricolour, taking part in celebrations and listening to patriotic songs. "Youth of India should feel special pride of being citizens of free nation." For COVID warriors, President said, "The nation is indebted to doctors, nurses and other health workers who have been continuously on the forefront of our fight against this virus. Unfortunately, many of them have lost their lives battling the pandemic. They are our national heroes." He further said, "We have learnt some tough lessons in the year 2020. The invisible virus has demolished the illusion that human being is the master of nature. I believe, it is still not too late for humanity to correct its course and live in harmony with nature."
The number of Americans who signed up for first-time jobless benefits remained stuck above 1 million for the 20th straight week, in the clearest signal yet of a stalled economic rebound. Conway G. Gittens dives into the numbers.
Nick Cordero died Sunday after a grueling battle with the Coronavirus, Kanye West's Yeezy received more than $2 million through the Paycheck Protection Program and Brad Pitt will lead Sony action thriller 'Bullet Train' from David Leitch.
Credit: The Hollywood Reporter Duration: 01:51Published
Unemployment claims dipped last week to 1.5 million but remained historically high. As Fred Katayama reports, a second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated.
Former President Barack Obama said on Friday he worries about protecting the integrity of November's election in view of efforts by President Donald Trump to "kneecap" the U.S. Postal Service to limit Americans voting by mail during the pandemic. This report produced by Chris Dignam.
[NFA] Ahead of a presidential election that could see up to half of U.S. voters cast their ballots by mail, the U.S. Postal Service is warning some states that they need to provide more time for those votes to be counted. This report produced by Jillian Kitchener.