Daily Musings — Notable News of the Day
January 11, 2021
Nearly 4 million Americans have been out of work for at least six months
“They’re stuck and they start to face discrimination…Employers believe they are damaged goods.”
U.S. Economy in Spotlight Amid Optimism on More Aid
“Economic slack in general and labor slack in particular will stifle any sustained pickup in price pressures. This will yield the Fed an extremely long runway before officials will need to legitimately contemplate reducing accommodation.”
mRNA Vaccines Could Vanquish Covid Today, Cancer Tomorrow
It can tell our cells to make whatever protein we want. That includes the antigens of many other diseases besides Covid-19.
54% of part-time workers think retirement is unrealistic: Saving might be tough but not impossible
People without full-time jobs do face greater challenges with respect to retirement planning. Lower income is only the most obvious one. It can be hard enough even on a full-time salary to find money in your budget to save for the future.
One chart highlights how the 2020 recession and recovery are like no other
“In all the progress that we’ve made, we’re still slightly worse off than we were at the worst point in the Great Recession.”
America Is Pumping Out Too Many Ph.D.s
The overproduction of Ph.D.s has been an issue for years in the U.S., which has a higher rate of doctorate holders than almost any other rich country.
Joe Biden’s $2,000 stimulus checks: How soon could you get yours?
Biden says “immediately,” but he’s not scheduled to take office until Jan. 20. So, if there will be fresh relief payments, you’re not likely to get one until February, at the earliest.
Did Covid Lockdowns Really Clear the Air?
Satellite monitoring and roadway data show that nitrogen oxides linked to automobiles were down worldwide after lockdowns began, sometimes by as much as 50% in certain locations.
Finding a job won’t be easy for months: economist
“We have seen the slowing momentum in jobs created every month coming into the winter months and it really has to do with COVID-19. It’s inescapable that the pandemic is still in the driver seat.”
Auto industry unlikely to return to normal anytime soon as COVID-19 lingers
“What we know of 2020, that was so unforgettable about it, started in mid-March — and the trauma that came out of COVID-19 is by no means over…We have the light at the end of the tunnel, but it’s very unclear as to how long it’ll be until we reach that light.”
Read more at VicNapier.com and my Medium.com page.
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