Demovictory9
Demovictory9's JournalLoeffler's husband dramatically reversed his stock selling spree to spend $1 million on shares that
https://www.dailymail.co.uk/news/article-9033011/Loefflers-husband-bought-stocks-benefitted-COVID-relief-days-bill-public.htmlGeorgia Senator Kelly Loeffler's husband dramatically reversed his stock selling spree to spend $1 million on shares that soared due to COVID relief bill days before its details were made public
Loeffler and husband Jeffrey Sprecher sold stock before the market crashed
Mid March they reversed course and began buying in insurance and energy
Companies they bought $1 million in shares benefited from COVID relief
They made their purchases before the CARES Act was publicly detailed
In April Loeffler and Sprecher sold their individual stocks, amid criticism
The FBI investigated Loeffler but she has not been charged with any offence
Asked Sunday about rules banning senators from trading, she opposed the idea
Loeffler said banning trading by senators was 'an attack on the American dream'
By HARRIET ALEXANDER FOR DAILYMAIL.COM
PUBLISHED: 21:43 EST, 8 December 2020 | UPDATED: 23:56 EST, 8 December 2020
Georgia Senator Kelly Loeffler's husband bought over $1 million in stocks which were likely to soar as a result of the pandemic relief bill, days before the details of that bill was made public, it has emerged.
Jeffrey Sprecher, chair of the company that owns the New York Stock Exchange, had been selling stocks since coronavirus began ravaging the United States - and his wife was accused of corruption as a result of his trades.
Loeffler and several other senators - two Republicans, one Democrat - were investigated by the FBI after they sold stock following Congressional briefings, but before the public and the stock market understood the coronavirus threat - allowing them to escape massive losses when the market nosedived in mid-March.
Sprecher's selling spree continued until the middle of March, when he dramatically changed course, The Huffington Post found, and began buying.
Americans are dying faster of Covid than at any time since epidemic started
https://www.dailymail.co.uk/news/article-9030471/Americas-COVID-19-death-toll-surpasses-April-peak.html
Americans are dying faster of Covid than at any time since epidemic started: Seven-day average death toll is HIGHER than the April peak with 2,237 victims a day
Walter E. Williams, 84, Dies; Conservative Economist on Black Issues
Walter E. Williams, 84, Dies; Conservative Economist on Black Issues
Skeptical of antipoverty programs, he was a scholar who reached a wide public through a newspaper column and books, and as a fill-in for Rush Limbaugh.
Walter E. Williams, a prominent conservative economist, author and political commentator who expressed profoundly skeptical views of government efforts to aid his fellow African-Americans and other minority groups, died on Tuesday on the campus of George Mason University in Virginia, where he had taught for 40 years. He was 84.
His daughter, Devon Williams, said he died suddenly in his car after he had finished teaching a class. She said he had chronic obstructive pulmonary disease and hypertension.
As a public intellectual, Mr. Williams moved easily between the classroom and public forums that gave him wide reach. He wrote a syndicated column, lectured across the country and frequently appeared on the radio as a substitute host for the ardently conservative Rush Limbaugh.
The author of about a dozen books, including “The State Against Blacks,” Mr. Williams was the subject of a 2014 PBS documentary, “Suffer No Fools,” in which he maintained that antipoverty programs were subsidizing “slovenly” behavior.
https://www.nytimes.com/2020/12/04/business/economy/walter-e-williams-dead.html
when your parents drag you to the Oval Office...
Wrestler Dan Gable's young grandchildren stole the show at his Medal of Freedom ceremony Monday afternoon as they leaned on the Resolute Desk and took a seat on the floor of the Oval Office.
Gable, 72, considered one of the greatest wrestlers of all time, arrived at the White House with his large family in tow as was awarded the Presidential Medal of Freedom by President Donald Trump Monday.
https://www.dailymail.co.uk/news/article-9028127/Wrestler-Dan-Gables-grandkids-real-stars-given-presidential-medal-freedom.html
The cost of child care was already astronomical. In the pandemic, it's 'terrifying.'
The cost of child care was already astronomical. In the pandemic, it’s ‘terrifying.’
Families are straining their budgets to pay for school and day-care substitutes — and there’s no end in sight
The cost of child care was already astronomical. In the pandemic, it’s ‘terrifying.’
(María Alconada Brooks for The Lily)
Caroline Kitchener
12:56 PM
Once a month, after the kids are in bed, Margie Yeager and her husband convene at the dining room table. She opens her computer and pulls up the spreadsheet where she tracks the family budget. There is one column that’s caused far more stress this year than any other: child care.
Yeager and her husband have three kids — ages 3, 6 and 7 — and child care has always been expensive. But with schools and many day cares closed during the pandemic, the cost has skyrocketed: from $1,850 per month before the coronavirus hit to $5,300 in December. She used to pay nothing for her two oldest children, both enrolled in public school where she lives in Washington, D.C. Now they’re part of a learning “pod” led by a woman who used to work in their school cafeteria.
They had to dip into their savings to cover the cost — but what else can they do?
“I feel actively stressed when we write the check every month,” said Yeager, who works at an education nonprofit. Like many other parents, she has considered scaling back at her job or taking a year off. “I don't feel like there’s a good alternative.”
Nine months into the pandemic, many kids haven’t returned to the schools or day-care centers they attended before the coronavirus, kept out of classrooms and nursery rooms by prolonged closures or parents who don’t yet feel comfortable sending them back. Parents have been left to devise their own solutions. Some have formed pods or hired nannies, while others have enrolled their kids in private school, more likely to be open for in-person learning. These options are inevitably more expensive than pre-coronavirus child care — which, in the United States, was already astronomical.
https://www.thelily.com/the-cost-of-child-care-was-already-astronomical-in-the-pandemic-its-terrifying/
Trump's stupid/delusional emails of the day ("in the history", "by far")
https://twitter.com/realDonaldTrump/status/1335679426516881409https://twitter.com/realDonaldTrump/status/1335663612954898434
https://twitter.com/realDonaldTrump/status/1335673568089301003
Death Toll Is at Least 7 After Rule-Breaking Wedding in Washington state, all males age +70
Death Toll Is at Least 7 After Rule-Breaking Wedding
Employees of nursing homes were among the 300 celebrating
https://www.newser.com/story/299658/after-wedding-for-300-7-deaths-are-reported.html?utm_source=part&utm_medium=uol&utm_campaign=rss_top#google_vignette
An investigation—and contact tracing—began immediately after positive tests started to show up among the 300 people who attended a wedding last month in Washington state. The toll is starting to become clear. Seven residents of three nursing homes who had COVID-19 have died since employees at the homes went to the Ritzville wedding, NBC reports. And death certificate reviews are pending for another four people who died. The seven had underlying health conditions, Grant County said, and were all men in their 70s through 90s. Statewide coronavirus restrictions limit wedding receptions to 30 people.
Direct connections between the deaths and the wedding are not yet made, the county health department said in a statement. But nursing home staff members were among the guests, and some of them tested positive. "They care for all residents so it will not be known which cases are tied to the staff," a health official said, per ABC. About 40 coronavirus cases have been confirmed so far among the 300 people at the Nov. 7 wedding, which an official said was a super-spreader event. "You have a lot of people indoors, close together," she said. Grant County has had 54 COVID-19 deaths overall, per KCPQ, 26 of them in November.
63% of Americans living paycheck to paycheck. Racking up debt during pandemic
https://www.studyfinds.org/two-thirds-americans-living-paycheck-to-paycheck-during-covid/Millions barely making ends meet
With government shutdowns forcing countless businesses to close and then lay off workers, one in four respondents now feel their income is not stable. Nearly two in three (63%) say they’re going paycheck-to-paycheck since March 2020. Millennials seem to be the hardest hit, with 64 percent saying they’re living off their paychecks.
“After the unemployment rate spiked to more than 14% in April, Americans continue to be wary about their job security and income,” writes Highland President Jon Berbaum in a media release.
With little help seeming to be on the way, more people are applying for credit and taking on debt. One in three respondents have opened a new credit card during COVID. A quarter of the poll add they’ve built up over $10,000 in debt while covering their expenses.
Living without savings
For Americans who’ve been saving for a rainy day, 2020 washed out most (if not all) of their funds. The polls finds 47 percent have run out of emergency savings during COVID. Two in three Americans add they regret not having enough in the bank before the crisis started.
A staggering 82 percent admit they can not afford a surprise $500 expense, if they suddenly have to face one. The poll also revealed that many people in the U.S. admit to living beyond their means. Overall, 44 percent say they could not support their lifestyle before pandemic. Members of Generation X and Millennials ranked as the top two groups to make this claim.
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