Tag: Force

On The Money: Pelosi, citing ‘leverage’ over Trump, holds strong to $2.2T in COVID-19 aid | McConnell to force vote on ‘targeted’ relief bill next week

October 13, 2020
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Happy Tuesday and welcome back to On The Money. I’m Sylvan Lane, and here’s your nightly guide to everything affecting your bills, bank account and bottom line.



a man and a woman wearing a suit and tie: On The Money: Pelosi, citing 'leverage' over Trump, holds strong to $2.2T in COVID-19 aid | McConnell to force vote on 'targeted' relief bill next week | Trump again asks court to shield tax records

© Greg Nash
On The Money: Pelosi, citing ‘leverage’ over Trump, holds strong to $2.2T in COVID-19 aid | McConnell to force vote on ‘targeted’ relief bill next week | Trump again asks court to shield tax records

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THE BIG DEAL-Pelosi, citing ‘leverage’ over Trump, holds strong to $2.2T in COVID-19 aid: Speaker Nancy Pelosi (D-Calif.) on Tuesday shot down entreaties from some Democrats to cut a $1.8 trillion deal

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Kushner’s COVID-19 “task force” consisted of untrained volunteers using personal email: documentary

October 8, 2020
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| personal

Jared Kushner
Jared Kushner

Senior Advisor to the President Jared Kushner participates in a press briefing at the White House on September 4, 2020 in Washington, DC. Drew Angerer/Getty Images

A new documentary shining a light on White House Senior Advisor Jared Kushner’s handling of the COVID-19 is raising questions about the credibility of his Supply Chain Task Force’s pandemic response over the last several months. 

In the forthcoming documentary titled, “Totally Under Control,” Max Kennedy, Jr., also the 27-year-old grandson of Robert F. Kennedy, reflected on his time as a volunteer working for President Donald Trump’s administration in the wake of the coronavirus pandemic.

“My old boss called me and said he heard Kushner’s task force needed younger volunteers who had general skills and were willing to work seven days a week for no money,” Kennedy said.

Although Kennedy admitted that he was apprehensive about working for the Trump administration, he

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An explosive new documentary details how Jared Kushner’s coronavirus task force consisted mainly of 20-something volunteers buying PPE with personal email accounts

October 8, 2020
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Jared Kushner, Kellyanne Conway standing next to a person in a suit and tie: White House senior advisor Jared Kushner and counselor Kellyanne Conway on April 30. AP Photo/Evan Vucci

© AP Photo/Evan Vucci
White House senior advisor Jared Kushner and counselor Kellyanne Conway on April 30. AP Photo/Evan Vucci
  • For several weeks in March and April, Max Kennedy Jr., then 26, served on Jared Kushner’s White House COVID-19 Supply Chain Task Force.
  • Kennedy, who is Robert F. Kennedy’s grandson, quit the task force in April. Soon after, he wrote an anonymous whistleblower complaint to Congress accusing the task force of corruption and ineptitude.
  • According to Kennedy, most members of the task force were young, inexperienced volunteers “cold emailing” Chinese factories from their personal email accounts.
  • Visit Business Insider’s homepage for more stories.

When Max Kennedy Jr. volunteered to help out on Jared Kushner’s White House COVID-19 Supply Chain Task Force, he thought he’d be helping out senior staff with rote tasks like data entry.

“My old boss called me and said he heard Kushner’s task force needed younger volunteers

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South Africa Unlikely to Force Specific Investments on Retirement Funds

October 6, 2020
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| business

(Bloomberg) — South Africa’s government is unlikely to force retirement funds to plow money into specific companies or projects, an industry body of fund managers and insurers said.



a view of a city: A construction worker looks out towards the Central Business District (CBD) on the city skyline from inside The Leonardo, the Legacy Group’s mixed-use property development, currently Africa’s tallest building, in the Sandton district of Johannesburg, South Africa, on Tuesday, Sept. 17, 2019. Emerging markets will again be looking to central banks to provide the next leg-up in a rally that’s making it the best September so far for stocks and currencies since 2013.

© Bloomberg
A construction worker looks out towards the Central Business District (CBD) on the city skyline from inside The Leonardo, the Legacy Group’s mixed-use property development, currently Africa’s tallest building, in the Sandton district of Johannesburg, South Africa, on Tuesday, Sept. 17, 2019. Emerging markets will again be looking to central banks to provide the next leg-up in a rally that’s making it the best September so far for stocks and currencies since 2013.

Of the economic plans under discussion to revive South Africa’s economy, none are calling for prescribed assets to be used as a solution, the Association for Savings and Investments South Africa Chief Executive Officer Leon Campher said in an emailed statement.

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The African National Congress

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Disney’s Bob Iger Quits Gavin Newsom’s Economic Recovery Task Force After California Restrictions ‘Exacerbated’ Pandemic Troubles

October 2, 2020
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| business

This week, Disney announced that it planned to downsize about 28,000 workers in its California U.S. parks division after failing to come to a reasonable agreement with the state to keep the business open. Bob Iger, executive chairman of the Walt Disney Company and former CEO, resigned from Democratic California Governor Gavin Newsom’s economic recovery task force after receiving the state’s edict. 

On Wednesday, it was reported, “Emblematic of the Covid-19-related struggles and tensions between state officials, medical professionals and businesses, Walt Disney reported that it had no other choice but to lay off roughly 28,000 employees from its Disney Parks, Experiences and Products segment.” 

Disney, according to the Wall Street Journal, placed the blame on California’s government and asserted that the closure was “exacerbated in California by the State’s unwillingness to lift restrictions that would allow Disneyland to reopen.”

Josh D’Amaro, chairman of Disney Parks, attempted

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U.S. Labor Force Participation And Employment Population Ratios

September 29, 2020
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| business

Last week, I posted updates to the America’s Scariest Charts series on the U.S. labor markets (see here). Two commonly over-looked and under-reported labor markets statistics worth covering in any analysis of economic conditions in the country are:

  • The labor force participation rate, and
  • The employment to population ratio.

Both have been shockingly impacted by the COVID19 crisis, and both are experiencing only partial recovery to-date.

As the chart above illustrates:

  • U.S. Labor Force Participation rate stood at 61.8 at the end of August 2020, a slight deterioration on July 2020 (62.0), but above the COVID19 trough of 60.0 in April 2020. Current level is below 2020 average of 61.9, which is itself the lowest decade average since the 1970s. Excluding COVID19 period, latest reading for the participation rate is the absolute lowest since May 1977.
  • U.S. Employment to Population ratio has fallen to its all-time lows in April 2020,
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