“It’s so surprising, I couldn’t believe it was true when I first heard it. I had to double check.” That was the reaction from Wake Forest University economics professor James R. Otteson to details of the mortgage forbearance proposal in the $2 trillion coronavirus rescue package. Specifically, the CARES Act...
Washington, Oregon, California Announce Coronavirus Pact
OLYMPIA, Wash. — The governors of Washington, California and Oregon announced Monday they’ll work together to re-open their economies while continuing to control the spread of COVID-19. In a statement, Washington Gov. Jay Inslee announced the partnership with California Gov. Gavin Newsom and Oregon Gov. Kate Brown. While each state...
California Orders Insurance Premium Refunds During Outbreak
SACRAMENTO — California's insurance commissioner on Monday ordered some companies to refund premiums for March and April because of the coronavirus, issuing a broad directive that includes payments made for workers compensation, medical malpractice and private and commercial auto policies. The order from Ricardo Lara is based on a voter-approved...
Oakland Teachers Pledge Stimulus Checks to Undocumented Families Left Out of Coronavirus Aid
[aggregation-styles] KQED As the coronavirus pandemic continues to wreak havoc on the state’s economy, a group of teachers and principals in Oakland are pledging their federal stimulus checks to undocumented families at their schools who are excluded from such aid. The educators at the Oakland Unified School District launched the...
Report: Stockpile of 39 Million Masks Exposed as Fake
SACRAMENTO — A major California labor union that claimed to have discovered a stockpile of 39 million masks for health care workers fighting the coronavirus was duped in an elaborate scam uncovered by FBI investigators, according to a newspaper report Sunday. Investigators stumbled onto the scheme while looking into whether...
‘SNL’ Returns for Work-At-Home Version With Host Tom Hanks
NEW YORK — “Saturday Night Live” tried its first “quarantine version" of the comedy show, with Tom Hanks, one of the first celebrities to disclose he had the coronavirus, Coldplay singer Chris Martin and the comedy show's entire cast phoning in with jokes from home. After being gone for more than...
McKinsey Economists Lay out 9 Potential Coronavirus Recession Scenarios — Ranging From a Summer Recovery to a 'Black Swan of Black Swans'
[aggregation-styles] Business Insider Variables including the US's public health response, bankruptcy rates, job loss, and the government's policy response make for a wide range of possibilities, McKinsey said in the March report. Though it's human nature "to freeze, or to jump to a simple answer," the team looked to "bound...
NASCAR Star Kyle Larson Uses Racial Slur During Virtual Race
CHARLOTTE, N.C. — NASCAR star Kyle Larson was suspended indefinitely by NASCAR and without pay by Chip Ganassi Racing on Monday for using a racial slur on a live stream during a virtual race. Larson was competing in an iRacing event Sunday night when he appeared to lose communication on...
Supreme Court to Hold May Arguments by Teleconference
WASHINGTON — The Supreme Court said Monday it will hold arguments by teleconference in May in key cases, including President Donald Trump's bid to shield his tax and other financial records. The court will make live audio of the arguments available for the first time. It had previously postponed courtroom arguments...
Navy Reports First Coronavirus Death From Roosevelt Crew
WASHINGTON — A member of the crew of the coronavirus-infected USS Theodore Roosevelt died Monday of complications related to the disease, the Navy said, just weeks after the aircraft carrier's captain was fired for pressing his concern that the Navy had done too little to safeguard his crew. The sailor,...