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| Published every Friday |
| | The Telegraph (UK) ($) Exclusive: New wave of £7,500 grants for self-employed – but scheme may be scrapped as restrictions end Telegraph understands people who meet criteria can claim 80 per cent of average monthly profits up to maximum £2,500 a month Read more
Score: Confidence: 90%
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Bloomberg Merkel Is Leaving and Macron Is Flailing, But the EU Has a New Heavyweight in Draghi As Germany’s September vote is set to bring down the curtain for Angela Merkel and Emmanuel Macron gears up for a tough election in France, Italy’s Mario Draghi is stepping into the spotlight. Read more Score: Confidence: 51%
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| | WRAL Meant to offer ‘HOPE,’ state rental assistance program has been slow to pay RALEIGH, N.C. — A state program to cover unpaid rent and utilities for people affected by the pandemic has paid out just over 30 percent of $167 million earmarked to help people since it opened in mid-October, despite massive demand. Read more Editor’s Note: I’ve mentioned it in previous newsletters, but one thing I love about doing the Deepnews Digest is seeing excellent local pieces that have broader implications. Here WRAL looks at difficulties with a state relief program in North Carolina using federal relief money, and how those problems impact people’s lives. – Christopher Brennan, Editor Score: Confidence: 99%
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Marketwatch “It feels predatory”: 6 million people are not eligible for a COVID-19 payment pause on student debt even if they work in public service One student-loan borrower is slated to pay off her debt when she’s 87, despite a career in public service. Read more Score: Confidence: 99%
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| | Nikkei Asian Review Pandemic widens gap between South Korea’s haves and have-nots Chaebols rebound on export growth, while small domestic businesses suffer Read more Score: Confidence: 99%
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HuffPost Jobless Americans Face Surprise Tax Bills On Unemployment Benefits In an absurd twist, many say they might be forced to use the next round of government-provided stimulus checks to pay the government. Read more Score: Confidence: 99%
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| | American Banker In this crisis, White House and banks are on same team WASHINGTON — During the last Democratic administration, the financial crisis and subsequent regulatory reforms often put banks and government officials on opposing ends of policy debates. Read more Score: Confidence: 99%
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Chalkbeat Why a Biden stimulus probably won’t make schools compete for cash Tucked inside Joe Biden’s $130 billion proposal to help K-12 schools deal with the pandemic was an intriguing — and, apparently to some, alarming — tidbit. Read more Score: Confidence: 99%
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| | Green Bay Press Gazzette Falling through the cracks: PPP reforms help some small businesses but others are still ineligible for relief Help could be coming for small businesses that have been unable to tap the millions of dollars in aid that were made available through federal stimulus programs, even as they struggled through the pandemic. Read more Score: Confidence: 99%
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Foreign Policy Stimulus Is an Environmental Disaster Waiting to Happen A public jobs guarantee is the only way to provide economic recovery without endangering the climate. Read more Score: Confidence: 99%
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| | Crosscut Low-income college students are struggling without jobs Students who depend on part-time jobs to help pay tuition and other expenses are making difficult choices during the COVID-related economic downturn. Read more Score: Confidence: 99%
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CNET How coronavirus stimulus funds helped one state create a ‘broadband miracle’ When Lt. Gov. Delbert Hosemann and lawmakers in the Mississippi legislature got $1.2 billion in federal money from the first stimulus bill in March, they decided to do something different. They used a portion of the funds to supercharge the rollout of high-speed broadband to the most underserved areas of the state in an effort to close the digital divide. Read more Score: Confidence: 99%
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| | Nature How Europe’s €100 billion science fund will shape 7 years of research As Horizon Europe issues its first call for grants, Nature reviews some big changes — from open science to goal-oriented ‘missions’. Read more Editor’s Note: In the EU, the massive COVID relief package has been tied to certain goals. Here Nature looks at the billions going to Horizon Europe, the EU research program, and its priorities. – Christopher Brennan, Editor Score: Confidence: 99%
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Louisville Courier Journal The eviction crisis is here: Loopholes let landlords force renters from their homes LOUISVILLE, Ky. — Sari Easley knew the sheriff’s deputies were coming. She just didn’t know when. So for several days last fall, she awoke at 7 a.m. and got to work packing up the house her family rented in Louisville’s Portland neighborhood. Read more Score: Confidence: 99%
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| | Canadian Press Pandemic increased direct aid to fossil fuel producers, new study shows OTTAWA — A new report suggests the economic impact of the pandemic led to a massive increase in federal aid to Canada’s oilpatch. Read more Score: Confidence: 99%
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Financial Times ($) Is inflation back from the dead? The prospect of rising inflation is preoccupying policymakers and investors on both sides of the Atlantic this week. Read more Score: Confidence: 99%
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| | Haaretz Israel fails to solve data chaos that caused $300m in jobless aid to be paid by mistake Panel proposed solutions that have yet to be implemented because of election, lack of government synchronization and surging unemployment Read more Score: Confidence: 99%
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Governing Does Every State Really Need a Big Biden Bailout? The president’s plan would send tens of billions in unrestricted aid to states, including those holding up well. Aid from Washington should target preserving basic services and fighting the pandemic. Read more Score: Confidence: 99%
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| | The Diplomat Why Isn’t China’s COVID-19 Stimulus Going Directly to Workers? But unique among the world’s largest economies, China has largely refrained from providing direct financial support for its citizens, rather focusing its COVID-19 relief almost exclusively on private businesses and government investment. For instance, the $500 billion stimulus package China revealed in May 2020 was overwhelmingly focused on infrastructure spending to create more jobs, as well as new loans and repayment deferrals for businesses. Read more Score: Confidence: 99%
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ABC Australia We fact checked Josh Frydenberg on welfare dependency. Here’s what we found The Coalition Government has reassured Australians that the nation is well placed to emerge strongly from the coronavirus crisis in large part because of its handling of the economy in the years leading up to the pandemic.Street protests rarely bring about political change in isolation, actual change usually comes from self-interested elites.
COLLEGE PARK, MD. — In a text message, a radicalized Trump supporter suggested getting a boat to ferry “heavy weapons” across the Potomac River into the waiting arms of their members in time for Jan. 6, court papers say. Read more Score: Confidence: 99%
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| | Politics Home People Claiming Universal Credit Doubles Since Start Of Pandemic, New Figures Show The number of people claiming Universal Credit has risen by 98 per cent since the start of the pandemic, new figures have shown. Read more Score: Confidence: 99%
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Vox The best stimulus idea Democrats are leaving on the table Maybe early in the pandemic, you first postponed your 2020 vacation to July, and then from July to March. Now, you know you should just wait and see, but you can’t help yourself and went ahead and booked for August. Read more Score: Confidence: 99%
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| | WTVF Nashville Charter schools receive more per student in federal COVID aid NASHVILLE, Tenn. — When it comes to how federal education relief money was distributed during the pandemic, an analysis by NewsChannel 5 Investigates found charter schools were able to get a larger share than traditional public schools. Read more Editor’s Note: One section of stimulus support in the US has been to schools. Here the reporters at WTVF did an analysis on public schools versus privately run charter schools who received money to cover cuts in funding that didn’t happen. – Christopher Brennan, Editor Score: Confidence: 99%
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ABC Action News (Florida) ‘We are falling apart’: Year review of Florida’s faulty unemployment system and its future “This is daunting — I was on a phone call with other states and they’re facing the same type of increase,” said Ken Lawson, the former Executive Director of the Florida Department of Economic Opportunity, during an interview early last year. Read more Score: Confidence: 99%
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| | WSJ ($) Rich Countries Borrowed $18 Trillion in 2020. Few Seem Worried About Them Paying It Off. Rich countries’ governments borrowed $18 trillion from bond markets in 2020—more than ever before—but their borrowing costs hit a record low, due to a big rise in bond purchases by central banks, as well as a lack of concern about public debt levels among private investors. Read more Score: Confidence: 99%
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