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Most Americans Should Save, Not Spend, Their $ 600 Check

Most Americans Should Save, Not Spend, Their $ 600 Check

But in terms of the multiplier effect, it is likely to pale compared to the impact of spring, when the unemployment rate was much higher and there were real fears the country could experience a second Great Depression. .

“The more you push the stimulus button, the less impact you see,” said Scott Anderson, chief economist at Bank of the West in San Francisco. And the hardest hit sectors – foodservice, entertainment, and travel – likely won’t see a big boost now, as consumers fear going out or living in states like California and New York, where restaurants and other activities are limited.

Mr Anderson said the stimulus could worsen some of the inequalities that have become evident over the past year. Many employees work from home and have largely been spared the layoffs – the unemployment rate for college graduates is now just 4.2%.

But the lowest paid service workers have been hit hard, and the unemployment rate stands at 7.7% for those with only a high school diploma. Better-off households, Anderson said, could spend money on stocks or buy a house, which could “make the bubble formation in certain assets like stocks and housing worse.”

Julia Bald, a librarian who lives in Beverly, Massachusetts, isn’t looking to bet on the stock market, but plans to put her stimulus check in the bank as a precaution. If the virus reappears and the library has to shut down, she fears she will be fired. Ms. Bald also has $ 10,000 in student loans outstanding and is trying to save as much money as she can.

“I haven’t had a lot of financial hardship, it’s not like I have to worry about paying the rent or anything,” said Ms Bald, 30. “But my nervousness about where the economy might go from here makes me want to save it just in case.”

Dennis Helmstetter of Frederick, Md., Also plans to save the payment of $ 600. He managed to keep not one, but three jobs during the pandemic – as a real estate agent, a clerk at Fort Detrick and a bar and restaurant supervisor at his local Elks Lodge.

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Ad spend skyrockets in Georgia in races with stakes far beyond Georgia

Ad spend skyrockets in Georgia in races with stakes far beyond Georgia

Both Mr Warnock and Mr Ossoff ran advertisements highlighting the stock sales and business transactions carried out by Ms Loeffler and Mr Perdue after receiving information about the coronavirus earlier this year, but before it does not spread throughout the country.

“Kelly is for Kelly,” said a recent campaign announcement for Mr. Warnock, after calling Ms. Loeffler the richest member of the Senate. “Warnock is for us.”

Even some of the ads intended to lessen the polarization of the race slip into some attacks. In a new announcement from Mr Perdue, seven women are gathered beside a fire pit, chairs in a circle, exchanging compliments about the first-term senator. But at the end, a woman adds, “I know David is not going to dismantle our police, and he is not going to empty the army.”

Amid all the negative commercials, viewers in Georgia may or may not notice the increasingly national message. Indeed, the airwaves become so saturated that political commercials often follow one another, sometimes occupying entire commercial blocks for a complete television show. In the past seven days, campaigns and outside groups have spent over $ 50 million on television, showing 88 unique political ads across Georgia.

On some days in December, more than a third of all advertising in Georgia was political. From 5 p.m. to 6 p.m., a place where local news is broadcast and a common target for political campaigns, more than 60% of all advertising was political. Both figures exceeded ad saturation in the general election, as many races competed for air time.

With so many ads covering the airwaves, political strategists and advertising experts both admit that the returns can be diminishing.

“It’s like World War I, when they would sit there in the trenches and bomb each other for weeks, but then nothing would happen because everyone was in the trenches and bunkers,” said Ken Goldstein, professor of politics in San Francisco. He said it was like “bombing impenetrable bases”.

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Trump’s future: tons of money and plenty of options to spend it

Trump's future: tons of money and plenty of options to spend it

“Lara Trump and John Pence resigned from the AMMC Board of Directors in October 2019 to focus solely on their campaign activities, however, there has never been an ethical or legal reason why they couldn’t serve on the board first, ”said Tim Murtaugh, a spokesperson for Mr. Trump. “John and Lara were not compensated by the AMMC for their services as board members.”

For Mr. Trump, the quarter of a billion dollars he and the party raised in six weeks is enough to pay all of his remaining campaign bills and to fund his unsuccessful legal challenges while still leaving tens of millions of dollars.

Mr. Trump’s plans remain extremely fluid, however. His refusal to accept Joseph R. Biden Jr.’s victory has delayed internal political planning, aides say, with some advisers from his shrinking circle of confidants even reluctant to approach him to set a course of action for 2021 and beyond.

Those who have spoken with Mr. Trump say he seems shrunken and on top of his job; this detachment is reflected in a Twitter thread that remains stubbornly more focused on unfounded fraud allegations than on the toll of the raging pandemic.

Mr Trump has talked about running again in 2024 – but maybe not either. He created this new PAC, but a different political entity may still be in the works, people involved in the talks said. Discussions about the counter-scheduling of Mr. Biden’s inauguration with a milestone event or an announcement from him are currently on hold.

Mr. Trump had tentatively planned to travel to Georgia on Saturday, according to a senior Republican official, to support the two Republicans in the Senate run-off races. But he’s still angry with the Republican governor and secretary of state for accepting the election result, and just doesn’t want to make the trip. There are talks about him after the Christmas holidays, but it’s not sure he’ll be in a more magnanimous mood by then.

But despite showing indifference to the Georgian races, Trump’s political apparatus has used the grassroots energy and enthusiasm generated by the two rifts to fuel his own fundraiser. The email and text solicitations prompted Trump supporters to donate to a “Georgia Election Fund,” even though no funds go directly to either of the Republican senators on the ballot, irritating some Senate GOP strategists.

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How to spend the time waiting for Nevada to finish counting? These people made memes.

How to spend the time waiting for Nevada to finish counting? These people made memes.

Many people on social media are dealing with the suspense of the US presidential election by doing what they do best: making memes.

And the joke is on Nevada.

The state – like several other closely watched oscillating states – released a small number of drop-and-drop votes.

Observers hoping for a quick end to the count were frustrated when Joe Gloria, the Clark County Registrar of Electors, announced wednesday that the state would not finish counting the “bulk” of its remaining ballots before Saturday or Sunday.

“We are not interested in going as fast as possible,” Gloria said at a press conference on Friday. “We want to be specific.”

This measured approach was enough to inspire people on TikTok, Twitter and Instagram, whose posts suggest the state has taken a leisurely pace. A user posted a video for the song “We Just Got a Letter” from “Blue’s Clues,” a Nickelodeon TV show in which a mystery is solved in each episode… slowly.

Many posts portrayed Nevada investigators as Flash Slothmore, a character from the movie “Zootopia”.

Many videos involved songs about counting slowly or slacking off at work.

Other users posted clips with music edited to reach a climax that never comes, like a clip from the intro to the song “What’s Poppin” by Jack Harlow. One video depicts Nevada as Brian McKnight, performing his 1999 slow jam “Back at One”.

Users also jokingly suggested faster vote counters: Rapper Lil Baby, represented quickly rummaging through a pile of hundred dollar bills, or Dougie, the “Twin Peaks” character with a streak of luck in the casinos.

Perhaps one person has delivered the ultimate critique of slow results: comparing Nevada to George RR Martin, the author of the (unfinished) fantasy series “Game of Thrones”.