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The Atlantic [paywall] – via MSN [no paywall]: “…Presidential transitions are the connective tissue of the American political process. Past presidents and members of Congress have recognized the importance of a smooth transition through legislation and norms established in past handovers. Outgoing President George H. W. Bush underlined this point in his valedictory note to …
Pew Stateline: “It’s the beginning of the month, rent is due, the $600 in federal unemployment relief has lapsed and Congress seems far from agreeing on another coronavirus aid package. Meanwhile, the federal moratorium on evictions has ended, and similar mandates in many cities and states have expired or soon will. This week, as pressure …
“As a growing number of states grapple with a rise in coronavirus cases, a sizable majority of U.S. adults (69%) say their greater concern is that state governments have been lifting restrictions on public activity too quickly. Fewer than half as many, just 30%, say their bigger concern is that states have been too slow …
“BankFind Suite is a way for users to search the FDIC’s extensive data records. BankFind Suite allows you to locate current and former FDIC-insured banking institutions by name, FDIC certificate number, website and/or by location. The Suite also allows a user to follow the history and financial trends of an individual institution, group of institutions, …
The New York Times: “The economic damage from the coronavirus is most visible in areas like Midtown Manhattan, where lunch spots have closed, businesses have gone dark and once-crowded sidewalks have emptied. But some of the worst economic pain lies in other neighborhoods, in the places where workers who’ve endured the broadest job losses live. …
Morgan Stanley: “Over the past quarter century there has been a marked shift in U.S. equities from public markets to private markets controlled by buyout and venture capital firms. This change has had reverberations for asset managers, investors, executives, and policy makers. In this report we seek to answer the following questions: What have been …
Treasury and Federal Reserve Financial Assistance in Title IV of the CARES Act (P.L.116-136) Updated August 5, 2020: “The Coronavirus Aid, Relief, and Economic Security Act (CARES Act;H.R. 748)was signed into law as P.L. 116-136on March 27, 2020,to assist those affected by the economic impact of Coronavirus Disease 2019(COVID-19). This assistance is targeted to consumers, …
The Big Picture – Barry Ritholtz: “The economy we each experience – local, personal and (for the most part) not publicly traded – has been awful. To explain why these subjective experiences are not weighing down equity markets, we must look more closely into the intersection between the weakest industry sectors in 2020 and their …
Current Affairs: “Paywalls are justified, even though they are annoying. It costs money to produce good writing, to run a website, to license photographs. A lot of money, if you want quality. Asking people for a fee to access content is therefore very reasonable. You don’t expect to get a print subscription to the newspaper gratis, why would …
Bloomberg Opinion – Noah Smith: Without fixes for infrastructure, education, health care and government, the U.S. will resemble a developing nation in a few decades. “The U.S.’s decline started with little things that people got used to. Americans drove past empty construction sites and didn’t even think about why the workers weren’t working, then wondered …
ZDNet – “Ransomware has been around for more than three decades, so it’s hardly an unexpected threat. And yet, organisations large and small are still being taken completely by surprise by the file-encrypting malware, leaving them to decide between rebuilding many of their computer systems from scratch to rid themselves of the ransomware or paying …
The Atlantic – A virus has brought the world’s most powerful country to its knees. “…Despite ample warning, the U.S. squandered every possible opportunity to control the coronavirus. And despite its considerable advantages—immense resources, biomedical might, scientific expertise—it floundered. While countries as different as South Korea, Thailand, Iceland, Slovakia, and Australia acted decisively to bend …
