Midday News To Use: 9.30.2020

Embarrassing
Chaos reigned at last night’s first Presidential debate. To put it kindly it was a display of interruptions and insults. Meanwhile More than 1 million Americans have already cast their ballots in the presidential election. It’s a small fraction of the votes that will be cast this year — but it’s a start.
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Less than 3 months
The Senate has voted to advance a stopgap spending bill to avert a looming government shutdown. Without a measure in place, government funding will expire at midnight tonight. This is extremely rare since the majority leader, now Mitch McConnell, usually controls what gets considered on the floor. Neither party wants a shutdown right now, especially so close to the election, and this bill would keep the government running until December 11. Still no stimulus package.
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Where to turn?
Still no stimulus package. Keep this in mind the European Union has spent 30% of it’s GDP on stimulus packages. Japan and other countries have done more. Thus far the US has only committed less than 15% of its GDP.
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Strike two
As Disney gets set to lay off 28,000 US employees, it reminds us that Millennials never quite healed from the Great Recession, and the economic prosperity of their elders has largely been out of reach. Ever since millennials hit adulthood – scarred by a flailing job market following the 2008 financial crisis and laden with record amounts of student debt — the generation has struggled to accumulate wealth, start families and settle into their own homes. Now, the generation faces a new challenge: a global pandemic that’s upending the economy, just as millennials should be in the prime of their economic lives and as they represent the bulk of the U.S. workforce.
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For the birds
5 African parrots across the pond are in trouble for using foul language. No pun intended. The parrots at the Lincolnshire wildlife park in the UK have ruffled more than a few feathers for swearing at visitors. According to the director the birds flew off the handle seemingly egging each other on by laughing while others hurled curse words at passers by. They have now been put in a private enclosure.
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