Another Wednesday, more of your questions. Like: , how do you deal with that $1,200 check on your taxes? How’s this crisis going to affect the housing market? And when can people who have recovered from COVID-19 return to work? Plus, a glimpse into Kai’s college days. Say it with us: “burrito popsicles.”
COVID-19 is not “the great equalizer”
People of color are being hit especially hard by the coronavirus pandemic, in part because they are disproportionally represented among frontline workers. Today, we do the numbers on this country’s labor force and how workers’ families are affected. Plus, converting hotels into homeless shelters, when unemployment turns recession into depression and our new embrace of processed food.
Awaiting U.S. company profit reports
Some rebounding for U.S. markets; less confidence for those in Europe. Honda, Nissan and Tesla on the list of car companies triggering mass furloughs of factory workers. An update on the extra $600 in unemployment benefits.
Emergency funds from your 401(k)
New rules on tax-protected retirement plans, so people can take their money out without penalty and put it back when cash flow returns. TJX the latest retailer to trigger mass furloughs. Slow ramp-ups for Chinese cities after lockdowns.
China’s first train from Wuhan
From the BBC World Service: Buses, trains and domestic flights have resumed from the Chinese city at the center of the COVID-19 pandemic. Does the British government face a leadership vacuum? Spain considers a universal basic income.