Republican plan to cut enhanced unemployment benefits by $400 would cost 3.4 million jobs: analysis

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Republicans are set to unveil a plan to drastically slash enhanced federal unemployment benefits even as economists warn the move could cost the country millions of jobs and shrink the economy.

Senate Republicans have claimed that American workers who bring in a higher weekly rate than before the pandemic are disincentivized from going back to the office.

“It certainly does not have the backing that it had before because of many small businesses that have come forward and said that people just don’t want to come back — that they were making more than they did when they worked,” Sen. Pat Roberts, R-Kan., a senior member of the Finance Committee, told NBC News earlier this month. 

However, there is no evidence that the increased payments have resulted in Americans refusing to return to work. Though House Democrats approved a full extension on the benefit in May, Senate Republicans plan to

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Man who flipped out at a Costco for being asked to wear a mask is fired from his insurance job

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A Florida man who went on an abusive tirade at a Costco after an elderly woman asked him to wear his mask has been fired from his insurance job. 

Daniel Maples, whose outburst in the Fort Myers store on June 27 was caught on a viral video posted online Monday, was a leading sales agent at Ted Todd Insurance. 

The insurance agency tweeted on Tuesday that Maples’ behavior was not in line with ‘company values’ and that he had been ‘terminated’. 

‘Threatening behavior and intimidation go against our core mission to be trusted advisors in our community,’ wrote the agency’s CEO Charley Todd in a follow up tweet that promised the company would follow up with a review of its internal culture. 

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A man, whose abusive tirade at an elderly woman who asked him to wear a mask in a Fort Myers, Florida, Costco on June

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France Weighs Insurance Options to Protect Companies, Jobs from Future Pandemics

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The French government is looking at ways to shield companies from the impact of future pandemics.

The goal is to protect companies and jobs from the damage that major events such as pandemics can cause, Finance Minister Bruno Le Maire said in a statement. A working group consisting of lawmakers and industry representatives came up with a range of solutions on developing insurance coverage for such catastrophes, and Le Maire sought public comment on its proposals to inform the government’s work on the issue.

The government plans to complete work on a coverage plan by the end of the year. French companies have suffered 147 billion euros ($168 billion) of operating losses during the coronavirus outbreak, according to the statement on Thursday.

The government’s efforts come as French insurers are facing a public backlash over their handling of companies’ claims related to losses suffered during the lockdown. AXA SA found

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Valleywise Health is helping unemployed people with health insurance questions | Arizona News

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PHOENIX (3TV/CBS 5) – Many people have lost their jobs due to the COVID-19 pandemic which has led to lapse in health insurance coverage. And with everything going on, it’s more important than ever to have access to health care coverage. 

When in this situation, many are overwhelmed and have a lot of questions. Valleywise Health wants to be able to take away from of the stress and answer your questions.

On Saturday from 8 a.m. to 12 p.m., Valleywise will be answering calls for anyone with health insurance questions through a phone bank. Callers will speak directly with certified eligibilty specialists from Valleywise Health.

“With unemployment rates at an all-time high and the uncertainty around COVID-19, Valleywise felt it their duty to help where they can so that families don’t delay care for fear of how to pay.”

Callers will get information about what they qualify for, how to

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Analysis finds 5.5M have lost health insurance amid pandemic

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Nearly 5.5 million people who lost their jobs between February and May of this year also lost their health insurance, according to a new analysis released Tuesday. 

The analysis from Families USA, a consumer health care advocacy organization, finds that the COVID-19 pandemic and the resulting economic crisis have caused the greatest health insurance losses in American history. 

Nearly half of the coverage losses occurred in five states: California, Texas, Florida, New York and North Carolina. 

“Families in America are losing comprehensive health insurance in record numbers,” the authors of the analysis wrote. “This creates particularly serious dangers during a grave public health crisis and deep economic downturn.”

Coverage losses are likely steep because about half of Americans get health coverage through their jobs. 

However, the 5.4 million people who are estimated to have also lost their health insurance doesn’t count family members who might also have been on those

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Should I get Medicare or COBRA if I’m 65 or older and lost my job

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COVID-19 has spurred an economic recession that’s left many Americans out of a job. And that includes older workers. In January, the unemployment rate among workers aged 55 and over was 2.6%. In April, it soared to 13.6%. That means a large number of older Americans are missing not just their paychecks, but the benefits that went along with them — namely, health insurance.

WHAT ARE THE DIFFERENT TYPES OF HEALTH CARE?

If being out of work has cost you your insurance, you’ll need to figure out coverage immediately. Going without insurance is an unwise move in general, but it’s especially dangerous during a pandemic. If you’re not yet 65, you may have no choice but to sign up for COBRA and retain your existing coverage, albeit at a hefty cost, or otherwise buy a plan on

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7 Growth Stocks Prepared for a Summer Surge

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In terms of market volatility, this year is definitely one for the books. 2020 saw market movements that would normally take decades, compressed into a single year. With unemployment rates at their highest and businesses facing the risk of bankruptcy, the economy hit some new lows this year. However, a period of downturn also presents a unique opportunity for investors to load up on growth stocks to buy at a discounted price.

Historically speaking, a bear market in the S&P 500 was always replaced by a bull market rally in the years before Covid-19.

While it’s hard to remain optimistic in uncertain times, investors need to take a long-term approach when investing in stocks. Some companies are likely to emerge from the pandemic as losers. Others will come out of this stronger than ever.

InvestorPlace – Stock Market News, Stock Advice & Trading Tips

Here are seven growth stocks that

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4 tips for bagging one of those mortgage rates under 3%

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You’ve seen the headlines: With the economy in a COVID-19 tailspin, mortgage rates that have been falling and falling have now reached depths below 3% for a 30-year loan.

The national average rate dropped earlier this month to an all-time low 2.98%, according to mortgage giant Freddie Mac, which has been tracking rates since 1971. On Thursday, Mortgage News Daily reported that the average sank to an even more jaw-dropping 2.87%.

But if you’re a homeowner wanting to refinance or a homebuyer ready to make a purchase, you can’t assume that a mortgage lender will always give you one of those spectacularly low rates.

In some cities, different lenders can offer rates that vary by close to one full percentage point, a recent study from LendingTree found.

In other words, Lender X might want to give you a 30-year fixed-rate mortgage at 3.9%. But you might discover that Lender Y

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How a little-known 1980 law slashed pay for millions of truck drivers and created big-box retail as we know it

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An Illinois truck driver in 1940.
An Illinois truck driver in 1940.

Ivan Dmitri/Michael Ochs Archives/Getty Images

  • Today’s network of big-box retailers and online shopping likely wouldn’t exist without the deregulation of the trucking industry 40 years ago this month.

  • The Motor Carrier Act of 1980, passed by President Jimmy Carter, slashed the cost of moving goods by truck.

  • It also eroded one of America’s great blue-collar jobs: truck driving.

  • A truck driver’s salary has decreased by as much as half since deregulation.

  • Visit Business Insider’s homepage for more stories.

When Larry Heine was a working man he drove a truck eight hours a day. He saw his family every night, owned his home, sent both his kids to college, and took his wife on vacation to Hawaii whenever he could land some overtime.

As a member of the Teamsters, Heine was guaranteed good health care and a pension. He retired at 51, receiving a cake

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This is how you get one of those mortgage rates under 3%

dhita yudha

You’ve seen the headlines: With the economy in a COVID-19 tailspin, mortgage rates that have been falling and falling have now reached depths below 3% for a 30-year loan.

The national average rate dropped earlier this month to an all-time low 2.98%, according to mortgage giant Freddie Mac, which has been tracking rates since 1971. On Thursday, Mortgage News Daily reported that the average sank to an even more jaw-dropping 2.87%.

But if you’re a homeowner wanting to refinance or a homebuyer ready to make a purchase, you can’t assume that a mortgage lender will always give you one of those spectacularly low rates.

In some cities, different lenders can offer rates that vary by close to one full percentage point, a recent study from LendingTree found.

In other words, Lender X might want to give you a 30-year fixed-rate mortgage at 3.9%. But you might discover that Lender Y

Read More