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GOP Senate Wants To Deeply to Cut Benefits

GOP Senate Wants To Deeply to Cut Benefits



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Nearly 1.2 Million More File for Unemployment as Trump’s Senate Allies Dawdle Seeking “Sweet Spot” for How Deeply to Cut Benefits

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Q2 2020 hedge fund letters, conferences and more

WASHINGTON, D.C. – The U.S. economy slipped further into recession as nearly 1.2 million more Americans joined the unemployment ranks this week -- marking the 20th week in a row over a million workers filed initial claims for jobless benefits. The news comes as enhanced unemployment benefits under the CARES Act – a critical lifeline for millions of struggling families during the pandemic -- were allowed to expire last week following the Senate’s refusal to consider a House-passed relief package that included a full extension of the $600 benefit.

Senators Arguing Amongst Themselves For How Deeply To Cut The Extra Benefits

And while 23 million Americans are now under threat of eviction and more families turn to food banks for the first time in their lives, President Trump’s Senate allies are wasting more time – after hitting the “pause” button in May -- arguing amongst themselves over a “sweet spot” for how deeply to cut the extra benefits.

“For the twentieth week in a row over a million Americans filed new unemployment claims, and yet Trump’s Senate allies are acting like the economy is humming again,” said Kyle Herrig, president of Accountable.US. “Families across America are already feeling the painful consequences of Congress’ inaction on unemployment benefits. The economy remains in freefall and it won’t be fixed until the public health crisis is properly addressed. Congress needs to get its priorities in line and immediately advance a relief package that puts workers — not big businesses and Trump allies — first.”

Making matters worse, with only two days left before Trump’s Paycheck Protection Program is set to expire, Congress has yet to put forth a relief bill that includes enhanced transparency measures to combat the abuse, fraud, and failures of the program’s first iteration – failures that allowed over 110,000 small businesses to shutter, especially in communities of color.

Where To Start On The Road To Recovery

In addition to immediately extending the CARES Act’s enhanced $600 unemployment benefits, Congress must turn the page on the Small Business Administration’s poorly designed and managed program. Rather than repeating the Trump administration’s mistakes, any new effort to help small businesses must be transparent, data-driven, and aligned with the needs of the communities that need help the most.

It’s Clear More — Not Less — Needs to Be Done as The Trump Recession Gets Worse for Millions of Americans:   

  • Wall Street Journal, 8/5: Lapse in Extra Unemployment Benefits to Hurt U.S. Recovery, Economists Say. If the payments aren’t reinstated, it could end up costing the economy 1.1 million jobs by the end of the year, boost the unemployment rate by 0.7 percentage point and reduce gross domestic product by 1.27%.
  • CNBC, 8/5: Millions of Americans will struggle to pay their bills by end of August without the extra $600 unemployment insurance. Without that money, 44% of those currently collecting UI benefits will now receive less than $800 per month.
  • CNN, 8/4: Black-owned companies are shutting down twice as fast as other businesses. The report estimates that 41% of Black-owned businesses across the country shut down between February and April.
  • Associated Press, 8/4: Wave of evictions expected as moratoriums end in many states. The federal eviction moratorium that protects more than 12 million renters living in federally subsidized apartments or units with federally backed mortgages expired July 25.
  • Washington Post, 8/4: For the unemployed, rising grocery prices stretch budgets even more. The cost of groceries has been rising at the fastest pace in decades since the coronavirus pandemic seized the U.S. economy.
  • New York Times, 8/3: One-Third of New York’s Small Businesses May Be Gone Forever. When the pandemic eventually subsides, roughly one-third of the city’s 240,000 small businesses may never reopen... So far, those businesses have shed 520,000 jobs.

Accountable.US is a nonpartisan watchdog group that exposes corruption across all levels of government.

The post GOP Senate Wants To Deeply to Cut Benefits appeared first on ValueWalk.

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Kennedy Krieger receives $5 million grant to expand reach of its pediatric post-COVID-19 clinic and support school students

BALTIMORE, October 17, 2023—Researchers at Kennedy Krieger Institute have received a $5 million grant from the U.S. Department of Health and Human Services…



BALTIMORE, October 17, 2023—Researchers at Kennedy Krieger Institute have received a $5 million grant from the U.S. Department of Health and Human Services (HHS), through the Agency for Healthcare Research and Quality (AHRQ), to expand access to comprehensive care for children and adolescents with long COVID-19, particularly among underserved populations.

Credit: Kennedy Krieger Institute

BALTIMORE, October 17, 2023—Researchers at Kennedy Krieger Institute have received a $5 million grant from the U.S. Department of Health and Human Services (HHS), through the Agency for Healthcare Research and Quality (AHRQ), to expand access to comprehensive care for children and adolescents with long COVID-19, particularly among underserved populations.

During the five-year project, researchers at the Pediatric Post-COVID-19 Rehabilitation Clinic will receive up to $1 million annually to expand and strengthen its integrative services in Baltimore and the overall mid-Atlantic region. This expansion will involve developing resources to help school nurses and other healthcare professionals identify long COVID in students, educate community leaders, and create accommodations to help children with long COVID-19 succeed in school, life and their community.

In addition, researchers will launch an Extension for Community Healthcare Outcomes (ECHO) project specifically for pediatric long COVID-19. ECHO is a model to train community health providers to recognize, diagnose and treat patients with complex diseases who lack access to specialty health care providers in their communities. Kennedy Krieger researchers will assist providers and patients in low-resource areas, including rural locations and among underserved minority populations. Dr. Laura Malone, co-director of the Institute’s Pediatric Post COVID-19 clinic and principal investigator on this grant, anticipates that expanding capabilities will benefit the region.

“Right now, about 150 patients are currently being evaluated by our clinic. Our aim is to increase the reach of our knowledge and care to those that may not be able to travel to see us, or may not need a full, comprehensive treatment plan,” Dr. Malone said “In particular, there are not a lot of clinics out there that serve pediatric patients who have experienced post-acute COVID-19. We are the only pediatric organization to be awarded this AHRQ post COVID-19 research grant.”

Long COVID is defined as persistent conditions that continue after the initial infection has resolved. Pediatric symptoms are similar to those in adults and can include chest pain, fatigue, exercise intolerance and brain fog. However, a primary distinction between treating adults and children is the difficulty of identifying symptoms in children and teenagers who may struggle to articulate and advocate for their health. Dr. Malone has observed this challenge at the clinic.

“What we see is that [long COVID] can take a significant effect on the quality of life. Lasting effects not only impact the functioning of the child, but also the family,” Dr. Malone explained. “Children may not always have the developmental ability to really identify and understand what is happening to them. They may not be able to express their symptoms. There are important developmental aspects to consider as to how long COVID-19 effects their function, social development, and more.”

Between 5% and 25% of U.S. children who have been infected by the SARS-CO-V2 virus, have experienced long COVID, said Dr. Malone, who helped create national guidelines for practitioners treating children with long COVID. She emphasized that, despite the low percentage, there exists a population of pediatric patients that need help understanding and overcoming the lasting symptoms.

“Comparing that percentage range to the number of children who have been infected by the SARS-CoV-2 virus, that’s still a really high number of children that need resources, assistance, and care,” Dr. Malone said. “Providing those services and resources is one of the main goals for us to take on with this grant.”

The grant affirms the importance of the world-class research happening in Baltimore, said Dr. Stacy Suskauer, vice president of pediatric rehabilitation at Kennedy Krieger and director of the Division of Pediatric Rehabilitation in the Department of Physical Medicine and Rehabilitation at Johns Hopkins Medicine.

“We are proud to have Dr. Malone and the entire team of highly experienced and innovative specialists recognized by this grant,” Dr. Suskauer said, “This expansion will allow us to extend our reach to provide rehabilitation to more children who are experiencing prolonged symptoms of long COVID and continue Kennedy Krieger’s commitment to increasing access to exceptional care.”




About Kennedy Krieger Institute 
Kennedy Krieger Institute, an internationally known, non-profit organization located in the greater Baltimore/Washington, D.C. region, transforms the lives of more than 27,000 individuals a year through inpatient and outpatient medical, behavioral health and wellness therapies, home and community services, school-based programs, training and education for professionals and advocacy. Kennedy Krieger provides a wide range of services for children, adolescents and adults with diseases, disorders or injuries that impact the nervous system, ranging from mild to severe. The Institute is home to a team of investigators who contribute to the understanding of how disorders develop, while at the same time pioneer new interventions and methods of early diagnosis, prevention and treatment. Visit for more information about Kennedy Krieger.


Taylor Gleason
804-318-6992 (cell)

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Australian dollar calm after RBA minutes

RBA releases minutes Investors eye Israel-Hamas war The Australian dollar has extended its gains on Tuesday. AUD/USD is trading at 0.6353 in Europe, up…



  • RBA releases minutes
  • Investors eye Israel-Hamas war

The Australian dollar has extended its gains on Tuesday. AUD/USD is trading at 0.6353 in Europe, up 0.18%.

It has been a rough patch for the Australian dollar lately. The Aussie hasn’t managed a winning week since September and dropped close to a one-year low last week. The Australian dollar has rebounded this week, gaining close to 1%, as the US dollar has lost some steam.

We’ve been hearing a lot about the Fed’s “higher for longer” stance and the markets are less confident that the Fed is done with the current tightening cycle than they were a few months ago. The fighting in the Middle East has created a new “higher for longer” in terms of uncertainty, which could result in elevated volatility in the currency markets.

The US dollar, a trusted safe-haven asset, has not benefited from the latest turmoil in the Middle East, at least not yet. There is widespread concern that the Israel-Hamas war could spread to Lebanon and even to Iran. The US is determined to halt any contagion and has dispatched aircraft carriers to the region.

The Reserve Bank of Australia released the minutes of this month’s meeting earlier today. The central bank held rates at 4.10% for a fourth straight time, but the minutes showed that there was consideration to raise rates by a quarter-point.

The board members noted that inflation was well above the 2%-3% target and “was expected to do so for some time”, with rising fuel prices adding to headline inflation. The minutes noted that the current tightening cycle continued to filter through the economy and the full effects were yet to be felt.

The RBA meets next on November 3rd and members will have plenty of data to chew on ahead of the rate decision. Australia releases an employment report on Thursday, inflation next week and economic forecasts prior to the meeting. The RBA has said that rate decisions will be data-dependent, and these releases will determine whether the RBA extends its pause phase or delivers a rate hike.


AUD/USD Technical

With the Australian dollar showing limited movement, the support and resistance levels are unchanged from Monday:

  • AUD/USD continues to test resistance at 0.6343. Above, there is resistance at 0.6399
  • 0.6240 and 0.6184 are providing support


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BBC Suspends Several Arabic Journalists For Social Media Posts Endorsing Hamas Terror Attack

BBC Suspends Several Arabic Journalists For Social Media Posts Endorsing Hamas Terror Attack

Authored by Thomas Brooke via Remix News,




BBC Suspends Several Arabic Journalists For Social Media Posts Endorsing Hamas Terror Attack

Authored by Thomas Brooke via Remix News,

The BBC has suspended several of its journalists associated with the BBC Arabic news portal and launched an internal investigation into their actions after staff appeared to endorse Hamas’ terror attack in Israel.

Reporters working for the British taxpayer-funded corporation in the Middle East were found to have made several communications and interactions on social media in relation to the bloody offensive by Hamas that left more than 1,300 Israeli civilians dead, sparking a number of complaints over perceived bias within the organization.

An independent investigation by the U.S.-based Committee for Accuracy in Middle East Reporting and Analysis (CAMERA), reported its findings to the BBC, providing evidence of concerning behavior by several members of the organization.

One journalist allegedly described the atrocities committed by Hamas on Oct. 7 as a “morning of hope,” while another posted on X, formerly Twitter, that the attack had left “Israel’s prestige crying in the corner.”

Others, including Cairo-based correspondent Salma Khattab, liked a post describing Hamas as “freedom fighters,” while Beirut-based programs editor Nada Abdelsamad reposted footage of Israeli civilians in hiding who were described as cowering “inside a tin container in fear of the Palestinian resistance warriors.”

Another senior correspondent was reported to have poked fun at the relatives of an Israeli grandmother who was abducted by Hamas and is being held captive in Gaza.

In addition to the remarks of certain individuals, the impartiality of BBC Arabic’s output, both through its TV channel and news website, has been called into question after referring to towns within the recognized state of Israel as “settlements” and the local residents as “settlers.”

In total, six reporters and a freelance journalist have become the subject of an investigation into alleged anti-Israel bias, and some of those involved have been suspended.

Freelancer Aya Hossam liked a post that suggested that no Israeli could be classed as a civilian, as “every member of the Zionist entity served in the army at some point in his life, whether men or women, and they all had victims of explicit violations… This term ‘civilians’ applies to the animals and pets that live there and they are not seriously at fault.”

Hossam also reposted a comment that read, “The Zionist must know that he will live as a thief and a usurper.”

CAMERA accused the broadcaster of “whitewashing the practice of targeting Jewish civilians.”

“They constantly claim that they apply the same editorial standards of accuracy and impartiality to their services in all languages, including those with which BBC management is not familiar and can’t oversee properly, such as Arabic. But these lapses do not occur anywhere near as frequently in their English language content, so that can’t be taken seriously,” a statement from the U.S.-based organization read.

On Sunday, the BBC issued a statement announcing the investigation and confirmed that Ms. Hossam would no longer be working with the organization.

“We take allegations of breaches of our editorial and social media guidelines with the utmost seriousness, and if and when we find breaches we will act, including taking disciplinary action,” a spokesperson said.

The public broadcaster has been embroiled in controversy following the attack on Israel, which has sparked formidable retaliation in Gaza after editors refused to refer to those involved in the Hamas surprise attack as “terrorists.”

This is despite Hamas being classified as a proscribed terror organization by the U.K. government back in 2021, thus justifying the use of the term for a corporation that strives to be impartial.

Tyler Durden Tue, 10/17/2023 - 05:00

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