Richmond Fed chief urges sustained support for economy
Tom Barkin, president of the Federal Reserve Bank of Richmond, argues that ultra-low rates and new lending programs must continue to back the economy and financial system. He warns the health crisis and growing inequality threaten recovery and urges ongoing government aid including broadband deployment and Pell Grant support for job training.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Richmond
Tom Barkin
Fed
Barkin
Associated Press
Congress
Reopening a Growing List of COVID 19 Cases
After months of shutdown Texas Arizona and other states paused reopenings as cases surge. Bars restaurants and stores curtailed dining capacity and many chains closed or reduced operations. Some venues like Gila River Casinos and McCray's Backyard Bar-B-Q faced closures amid suspected exposures and safety concerns.
MENTIONED IN THIS ARTICLE
Texas
Arizona
Florida
Houston
Gila River Casinos
Phoenix
McCray
East Lansing
Michigan
Harper’s Restaurant
Maskless Trader Joe's shopper ejected in viral video
A California shopper at Trader Joe's North Hollywood on opening day caused a scene by not wearing a mask and directing profanities at staff. Videos posted by Twitter user D. Giles went viral with millions of views, while the store reiterates its mask guidance and local laws vary. A separate GoFundMe for a masked barista who refused service earlier in the week has reached over $67,000. Local authorities may set safety rules, but businesses may require masks where allowed.
MENTIONED IN THIS ARTICLE
Dawn Nielsen
Harris County
State of Texas
Russell Theede
Theede
Apple
Florida
Texas
Best Buy
California
Joe’s
Twitter
D. Giles
North
Hollywood
Trader Joe’s
The
Grocer
Amber Lynn Gilles
Lenin Gutierrez
GoFundMe
Gutierrez
Payroll program relief fades as layoffs loom
As PPP funds near depletion, 14 percent of recipients still expect layoffs. Half of those foresee one to two job cuts, while 31 percent expect three to five losses and about 12 percent anticipate more than ten. With the $600 weekly unemployment boost set to expire in July, lawmakers debate extending aid amid a reopening.
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Richmond
David Perez
Ronn Torossian
USA Today
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