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How the Fed’s Magic Money Machine Will Turn $454 Billion Into $4 Trillion

Finance /

Treasury Secretary Steven Mnuchin has a favorite talking point: With the Federal Reserve’s help, the government will turn a $500 billion spending package working its way through Congress into a $4 trillion booster shot for the United States economy. How, you might ask, does that figure? The answer lies in the central bank’s emergency lending […]

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Amazon Workers Are Scared, Unprotected As Coronavirus Sweeps Through Warehouses

Business /

Earlier this week, workers at an Amazon warehouse in Staten Island, New York, were told an employee in the facility tested positive for COVID-19, the disease caused by the novel coronavirus.  Then they went back to work. “After they told us, the building was just running as it has been,” said Terrell Worm, an Amazon

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‘It’s a Wreck’: 3.3 Million File Jobless Claims as Economy Comes Apart

Politics /

On Monday, nearly 100,000 call attempts were made by 10 a.m., when the call center normally receives 6,000 calls in an entire week. The department put in place a new process under which those filing claims submit their forms at specified times based on their last names. Even so, Ms. Haavind said, the crush of

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3.3 million seek US jobless aid, nearly 5 times earlier high

Finance /

WASHINGTON — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus. The surge in weekly applications was a stunning reflection of the damage the viral outbreak is inflicting on the economy. Filings for unemployment

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Online Grocery Delivery Is Overbooked. Here’s What Companies Are Doing About It.

Lifestyle /

In the coronavirus era, buying your groceries via an online delivery service feels a lot like the lottery meets “The Hunger Games” meets utter stress. Wow @FreshDirect I refreshed the window as soon as new time slots for deliveries opened and they are already all booked 🙁 Have been trying to get a slot for

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Jimmy Kimmel Gives Savage New Nickname To Trump In Coronavirus Era

Entertainment /

Late night comedian Jimmy Kimmel unleashed a new nickname on President Donald Trump Wednesday. (Fast forward to 1:42 in the video above.) In another quarantine monologue during the coronavirus pandemic, the “Jimmy Kimmel Live!” host took aim at a seemingly sarcastic tweet that the president posted after Sen. Mitt Romney (R-Utah) tested negative for COVID-19, the

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