Millions of Americans are potentially facing eviction. They haven’t paid their bills and the government doesn’t seem like they’re going to push out some more money to them. This could be extended, the money might be given out. But as of this moment, that isn’t happening. The Fed has been pushing for more government stimulus, citing their inability to actually help the public but who knows what they’ve got up their sleeve.
Millions of Americans Expect to Lose Their Homes as Covid Rages
(Bloomberg) — Millions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the U.S.About 5.8 million adults say they are somewhat to very likely to face eviction or foreclosure in the next two months, according to a survey completed Nov.
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RI Food Bank’s annual report compares 2020 hunger to Great Depression
PROVIDENCE – Thanksgiving guest lists must be pared down to household members in hopes of stopping COVID-19 before it steals Christmas, but most families will still load the holiday table with abundance. They’re likely to focus on who’s missing from the table, not whether there’s enough food.
More young workers in the UK lost their jobs during summer 2020 than in all of 2019
More young workers in the UK lost their jobs during the summer of 2020 than in all of 2019, according to new analysis by the Trades Union Congress (TUC). Some 59,000 workers aged 16 to 24 were made redundant between July and September this year, compared with 56,000 across all of 2019, the analysis found.
Elon Musk Overtakes Bill Gates to Grab World’s Second-Richest Ranking
Bloomberg 1 day ago Devon Pendleton (Bloomberg) — Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla Inc. co-founder passed Bill Gates to become the world’s second-richest person. The 49-year-old entrepreneur’s net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla’s share price.
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Biden Picks Janet Yellen for Treasury Secretary – WSJ
President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen, an economist at the forefront of policy-making for three decades, to become the next Treasury secretary, according to people familiar with the decision. If confirmed by the Senate, Ms. Yellen would become the first woman to hold the job.
Janet Yellen at Treasury Points to Era of Fed Control
(Bloomberg Opinion) — Janet Yellen is poised to become the most economically powerful woman in the world. Again.Bloomberg News described her in exactly that way in October 2013, when President Barack Obama nominated her to succeed Ben S. Bernanke as Federal Reserve chair, a role she would hold for four years during two administrations.
Bank of Canada Deputy Downplays Risks of Consumer Default Wave – Bloomberg
These AAA-Rated Bonds Are Tumbling as China Default Fears Spread
Bloomberg 1 day ago Bloomberg News (Bloomberg) — A string of defaults by Chinese state-owned companies has sent shockwaves across the world’s second-largest credit market. But some bonds have fared much worse than others as investors clamber to avoid the next potential blowup.
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The stock market has been accelerating rapidly as more people buy U.S. tech stocks. Equities are seeing major growth. More debt, margin, and cash is flowing into stocks sending the Dow Jones to a record high, over 30,000. Certain stocks have hit a record high as well.
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