relief

3Apr

By THEIRL1ADMIN01No Comments

COVID-19

Announcement By White House – Pandemic Relief Funds Totaling $785 Million Relief Funds Will Support Communities Of Color

Originally published by The 19th The Biden administration announced Wednesday that $785 million of the American Rescue Plan will go toward the communities that were hit hardest by the pandemic, following the recommendations of a COVID-19 health equity report that was released last month. “COVID-19 made it clear that in this country, a person’s ZIP code is a stronger driver of their health than their genetic code,” said Dr. Marcella Nunez-Smith, who headed the administration’s COVID-19 Health Equity Task Force. “And so we set out to find ways to address and overcome those social and structural drivers and forge a path forward rooted in what is fundamentally fair.” President Joe Biden issued an executive order on his first full day in office to establish the task force. Members worked 1...

4 Essential Reads: A Jolt Of Economic Relief – The US Delivers $1.9 Trillion

12Mar

By THEIRL1ADMIN01No Comments

BUSINESS

4 Essential Reads: A Jolt Of Economic Relief – The US Delivers $1.9 Trillion

The U.S. economy and millions of people struggling because of the pandemic are about to get a US$1.9 trillion jolt of stimulating relief. On March 10, the House of Representatives approved a version of President Joe Biden’s coronavirus package that barely squeezed through the Senate. Both votes were almost entirely along party lines. Biden signed the bill into law on March 11. The legislation includes $1,400 relief checks for most Americans, an extension of the $300 supplement for the unemployed, a more generous child tax credit and much more. We turned to our archive to provide some context on this historic legislation. 1. About those $1,400 checks Among the signature – and most popular – features of the package are the $1,400 payments most Americans will soon receive. There was some w...

It’s All A Matter Of Perspective – Support For Biden’s $1.9 Trillion Coronavirus Relief Package May Not Be As Broad As It Seems

4Apr

By THEIRL1ADMIN01No Comments

COVID-19, POLITICS

It’s All A Matter Of Perspective – Support For Biden’s $1.9 Trillion Coronavirus Relief Package May Not Be As Broad As It Seems

Congress is on the verge of spending US$1.9 trillion to provide additional coronavirus relief to Americans, including $1,400 direct payments and extended unemployment benefits. Opinion polls show the bill has strong support, even among Republican voters. CC BY-NC-ND But what if you were told that this spending level represents about $15,000 for every household in the U.S.? Would that make you less likely to support it even if you like its provisions? We are accounting professors who research how the presentation of financial information affects individual judgments. Our recent work suggests it would lessen most people’s support for the spending bill. Making sense of big numbers In the Spring 2020 issue of Behavioral Research in Accounting, we published a study investigating whether indiv...

Permanent Coronavirus Relief A Necessity

4Apr

By THEIRL1ADMIN01No Comments

IMPACT

Permanent Coronavirus Relief A Necessity

As mass cancellations of public gatherings including sports events, concerts, church services, K-12 school closures, college and university classes moving online, and social distancing sweep the country as precautions because of the coronavirus disease, COVID-19, adverse economic impact is upon us and has been projected to worsen in coming months. Therefore, we need to be intentional about strategizing to create a society that on the other side of this pandemic works for all of us. Some examples of how this can be done are already emerging. The common reassurance that “only” those with underlying health conditions and those over 60 are at risk, in addition to being ableist and ageist, also encourages individualism and an attitude of taking care only of one’s self and loved ones. Those of...