Goodbye, 2020, and good riddance. Here’s what you need to know for the coming week in the field of business and technology, but most important, Cheers to better 2021. Please ring safely in the new year. – Charlotte Cowles
What is happening? (20–26 December)
down to the wire
After a nine-month stalemate, Congress finally managed to pass a much-awaited (and much-needed) $ 900 billion pandemic relief package. Then President Trump took a last-minute interest in the bill and Didn’t like what he saw (“an insult”). Before going on his vacation leave, he demanded that the legislation include direct stimulus payments of $ 2,000 for most Americans, no. Will provide $ 600 as bill. Democrats were happy to accommodate the change, but Republicans Measure blockedThrowing aid bill in limbo. This is bad news for anyone relying on the existing relief fund.
That other Public health emergency
The Department of Justice does not act to point fingers at those who ignored the red flags, causing the opioid crisis. This past week, this Accused Walmart of finding another way While its pharmacies have filled thousands of suspected opioid prescriptions. The civil complaint alleges that Walmart also disregarded the reports of its pharmacy employees who alerted their superiors that some prescriptions looked fishy. Walmart denied the allegations, stating that the Justice Department is putting retailers in an inappropriate position for “second-guessing” doctors’ decisions.
Well, this is strange: Russian hackers who infiltrated US government networks managed To break the email system Used by top level officials in the Treasury Department in July, without any recent noting. Same hackers Even infiltrated Cisco, Intel, Nvidia, Deloitte, and hundreds of American organizations in California state hospitals. Investigators still do not know whether the cyberbait compromised classified information. But one thing is certainly not helping: Mr. Trump has refused to accept Russia’s involvement and is instead trying to blame China. President-Elect Joseph R. Biden Jr. Accused Mr. Trump of irrationally reducing the attack – Which will become his problem in January.
What will happen next? (December 27-January 2)
Down to wire II
Britain and the European Union Finally reached a tough trade deal on Christmas Eve, Sneak under their deadline and dispose of a bitter Brexit battle that has been plagued by temptation for more than four years. But the deal still needs to be confirmed, and business in the region is facing severe turmoil. This past week, British officials Discovered a new mutation of coronavirus It is potentially up to 70 percent more contagious, causing dozens of countries to block travelers from the UK to stop the spread. Bain Forced thousands of cargo trucks (And their drivers) to sit in heavy traffic jams at British ports for days with worsening exports worsening. Customs officials are starting to allow trucks through, but new trade agreements will not speed up the process at all.
The lawmakers agreed to issue incentive payments of $ 600 and a plan to distribute federal unemployment benefits of $ 300 for 11 weeks. You can get more information about the bill and what’s in it for you.
- Will I receive another incentive payment? With individual adults adjusted gross income Their 2019 returns of up to $ 75,000 dollars a year will receive a $ 600 payment, and the head of the household will receive $ 112,500 and a couple (or whose spouse died in 2020) twice the amount of up to $ 150,000 a year. If they have dependent children, they will also receive $ 600 for each child. People with incomes above these levels will receive a partial payment that declines by $ 5 for every $ 100 in income.
- When can my payment arrive? Treasury Secretary Steven Menuchin told CNBC that he expected the first payment before the end of the year. But it will be some time before all the eligible people get their money.
- Does the agreement affect unemployment insurance? The lawmakers agreed to expand the amount of time that people can collect unemployment benefits and resume an additional federal benefit that is provided on top of the usual general benefit. But instead of $ 600 per week, it would be $ 300. It will run till 14 March.
- I am behind my rent or hope to be soon. Can I get any relief? The agreement will provide $ 25 billion to be distributed through state and local governments to help those hired. To get help, families have to meet many Conditions: Household income (for 2020) cannot exceed 80 percent of the region’s average income; At least one household member must be homeless or at risk of housing instability; And individuals must qualify for unemployment benefits or face financial hardship – directly or indirectly – due to the epidemic. The agreement states that aid will be a priority for low-income families and those who have been unemployed for three months or longer.
Who gets a shot
Perhaps you’ve seen your first “vaccine” – naturally, photos of people who vaccinate themselves with the coronavirus virus and then post it on social media. The country has already distributed more than a million doses to health care workers, but who is next? Centers for Disease Control and Prevention recommended About 30 million “frontline essential employees” such as emergency responders, teachers and grocery store employees, as well as 75 and older people, should get priority. But “essential” is hard to define, and now Uber, Lyft, DoorDash, and Instacart are all Jockeying for its workers to get that classification And tucked in front of the line.
In the restaurant business, gratuity is a big part of how servers and bartenders make money. but it now, A new rule from the Department of Labor Restaurants say employees may need to pool their tips and share them with broader employees, including in-house employees who don’t typically see that cash. Some parameters are: Servers can only be asked to share tips when they receive the standard minimum wage in their city or state, not the bare minimum wage that most state employers have tipped workers to pay. Please allow. The rule, which could have been adjusted or blocked by the Biden administration before it went into effect, also prevents supervisors, managers and owners from dipping into the gratuity kitty. Never mind, consider this a reminder to not be stingy with suggestions, especially these days.