Parents were hit hard in the pandemic. But vaccines and Biden's spending plans could change that
CNN
America's parents — mothers in particular — have been hit hard by the pandemic. Supervising distance learning and keeping their children safe from a health crisis forced some to quit their jobs. But the vaccine rollout and Washington's promises to spend big on child care could help moms get back to work.
"Making schools and daycare facilities safe and instilling parents with the confidence to send their children off in the morning could add thousands of workers back to the labor force," said Evan Karson and Dante DeAntonio, economists at Moody's Analytics, in a new report. That will help mothers especially. Even though both men and women founds themselves unemployed or out of the labor force through no fault of their own last year, women were hit much harder. They remain more likely to be in charge of care responsibilities at home. And during the pandemic, these care needs were maxed out.
Meta CEO Mark Zuckerberg told lawmakers in a Congressional hearing last January that it didn’t make sense for his platforms to verify how old their users are in order to serve them age-appropriate experiences. Instead, that responsibility should lie with app stores, he said.
Former Barclays boss Jes Staley had sex with a member of serial pedophile Jeffrey Epstein’s staff, the banker said in court as he appeals against a proposed financial services ban.
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The US Federal Trade Commission asked a federal court in Seattle on Wednesday to delay a September trial in its case alleging Amazon misled consumers over its Prime subscription service, citing “severe resource shortfalls in terms of both money and personnel.”
There may be some cracks forming in the egg market.
Ruth Marcus, who recently resigned as a Washington Post columnist after four decades, said she parted ways with the paper following a spiked opinion piece on the paper’s billionaire owner because her job is to tell readers “what I think, not what Jeff Bezos thinks I should think.”
CNN is tracking price trends for various household staples each month as new factors threaten to increase costs.
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With his chaotic trade policy, President Donald Trump is digging himself into an economic and political hole so deep, it may prove impossible to climb out.
American consumers – and their wallets – are the engine of the economy. But they’re now showing the strain of inflation, President Donald Trump’s tariffs and a stock market plunge.