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Trump Signs $2 Trillion Coronavirus Relief Bill

President Trump on Friday signed into law the largest economic stimulus package in modern American history, backing a $2 trillion measure that expands on a Republican proposal issue last week called the CARES Act -- the Coronavirus Aid, Relief, and Economic Security Act. The New York Times reports: Under the law, the government will deliver direct payments and jobless benefits for individuals, money for states and a huge bailout fund for businesses battered by the crisis. Mr. Trump signed the me...
Tags: Senate, Tech, House, New York Times, Bill, Trump, Oval Office, Trump Signs


House passes historic $2 trillion coronavirus economic rescue bill

A massive bipartisan effort to provide relief to a U.S. economy on ice just leapt over its last major hurdle. On Friday, the House of Representatives passed a historic stimulus package known as the Coronavirus Aid, Relief, and Economic Security or “CARES” act, which contains an unprecedented $2.2 trillion in total financial relief for businesses, public institutions and individuals hit hard by the COVID-19 pandemic. The bill passed the House today after Rep. Thomas Massie (R-KY) took the unpopul...
Tags: TC, Congress, Washington, Government, Senate, Tech, House, House Of Representatives, Treasury, Nancy Pelosi, Bernie Sanders, Lindsey Graham, Sanders, Small Business Administration, Benioff, Kevin McCarthy R CA


Virginia Is the First Southern State With a 100 Percent Carbon-Free Electricity Goal

An anonymous reader shares a report: Virginia has become the first among the Southern US states to take on a goal for 100 percent carbon-free electricity. State governor Ralph Northam, an Army veteran and pediatric neurologist, issued Executive Order 43. The executive order detailed the state's plans to reach a zero CO2 energy goal by 2050. In September 2019, Northam also brought Virginia into the Regional Greenhouse Gas Initiative (RGGI), which is a carbon trading network that spans nine states...
Tags: Senate, Virginia, US, Tech, House, Army, General Assembly, RGGI, Ralph Northam, Northam


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Friday. Nine Tesla employees criticized the company's response to the novel coronavirus in interviews with Business Insider. Workers criticized a lack of hand sanitizer, mixed messages from CEO Elon Musk, and poor enforcement of social distancing. Tesla will temporarily lay off some employees in Norway for at least one month at the beginning of April, according to internal email sent on Tuesday by a Tesla's director in the region. A sig...
Tags: Apple, Amazon, Facebook, Elon Musk, UK, Instagram, Cdc, Senate, Germany, US, Trends, Tesla, Ministry Of Defence, Treasury, Boris Johnson, Norway


Worldwide Coronavirus Cases Surpass Half a Million

According to Johns Hopkins University, there are now more than 510,000 confirmed COVID-19 cases worldwide and more than 22,000 people have died from the new coronavirus. While China still has the most confirmed cases, the United States and Italy are close behind. CBS News reports: In the United States, more than 1,000 people have died and more than 75,000 people have been infected. An unprecedented number of Americans applied for unemployment benefits last week as the virus shuttered businesses ...
Tags: Cbs News, Senate, China, Tech, United States, Italy, Johns Hopkins University


Stocks shoot upward as ‘Phase Three’ stimulus passes Senate and unemployment skyrockets

Stocks soared on Thursday even as the U.S. reported its worst unemployment numbers in 50 years of tracking data. The pain felt on main street was offset for investors by the federal government opening its wallet to Wall Street, businesses and (at some point) workers in the form of the $2 trillion stimulus package designed as a response to business closures as a result of the COVID-19 epidemic. Details of the plan and its implications for startup companies are still being assessed, but the spigot...
Tags: Apple, Google, Amazon, TC, Facebook, Wall Street, Senate, Tech, Companies, United States, Citigroup, Manhattan, Federal Government, Dow Jones Industrial Average, Alphabet, Alphabet Google


Gig workers could get unemployment benefits under $2 trillion Senate stimulus bill

The Senate’s historic $2 trillion stimulus package will make history in one more way: by providing some financial assistance to gig workers. Late last night, the Senate passed a $2 trillion stimulus bill in response to the COVID-19 pandemic. As part of the bill, which makes its way to the House of Representatives for a vote this week, gig workers would be eligible to apply for unemployment benefits. Additionally, the bill would provide $600 per week in federal assistance for unemployed workers f...
Tags: TC, Lyft, Uber, Congress, California, Washington, Government, Senate, Tech, House, House Of Representatives, Donald Trump, Bernie Sanders, Presidential, U S Senate, Uber Lyft


Former Apple CEO John Sculley says a lesson from Steve Jobs can help startups navigate through the coronavirus crisis: 'Zoom out, think beyond'

Former Apple CEO John Sculley thinks that once the coronavirus pandemic is over, the US economy will enter a new age of innovation.  Industries like telehealth and remote work are on the cusp of a breakthrough, Sculley observed. And startup founders looking to innovate could look to a saying from his old colleague Steve Jobs for guidance.  "Steve used to say, 'you always have to zoom out beyond the boundaries of the industry as it's known,'" Sculley said, "'What would that be in terms of chang...
Tags: Apple, Microsoft, Steve Jobs, John Sculley, Senate, US, Trends, Nasa, Bill Gates, Federal Communications Commission, Silicon Valley, Steve, American Medical Association, Moore, Al Gore, PitchBook Data


This former Apple CEO says that a lesson from Steve Jobs can help startups navigate through the coronavirus crisis: 'Zoom out, think beyond'

Former Apple CEO John Sculley thinks that once the coronavirus pandemic is over, the US economy will enter a new age of innovation.  Industries like telehealth and remote work are on the cusp of a breakthrough, Sculley observed. And startup founders looking to innovate could look to a saying from his old colleague Steve Jobs for guidance.  "Steve used to say, 'you always have to zoom out beyond the boundaries of the industry as it's known,'" Sculley said, "'What would that be in terms of chang...
Tags: Apple, Microsoft, Steve Jobs, John Sculley, Senate, US, Trends, Bill Gates, Federal Communications Commission, Beverly Hills, Silicon Valley, Jeff Bezos, Steve, American Medical Association, Moore, Al Gore


The internet’s top 12 coronavirus-related questions, answered

With mixed messages coming from our leaders, Americans have turned to the internet to answer their COVID-19 questions. We explore the top 12 coronavirus questions, according to Google Trends. When seeking answers, it is important to prioritize evidence-based information from credible sources. It seems the only thing spreading faster than coronavirus is panic and disinformation. With mixed messages and conflicting reports coming from leaders, Americans have turned to the internet to address th...
Tags: Health, Google, Amazon, South Korea, Internet, Congress, California, Washington Post, Cdc, Washington, Government, Senate, New York City, Walmart, Cnn, Walgreens


Daily Crunch: Senate and White House reach stimulus deal

A $2 trillion stimulus package is moving forward in the United States, Google Podcasts comes to iOS and ClassPass offers livestreamed fitness classes. Here’s your Daily Crunch for March 25, 2020. 1. Senate, White House reach deal on $2 trillion stimulus package to lessen COVID-19’s economic impact After five days of negotiations, Senate leaders and the Trump administration said early this morning they have reached a deal on a $2 trillion stimulus package to help relieve the economic impact of CO...
Tags: Google, Amazon, Facebook, Senate, White House, Tech, Policy, Chicago, United States, House Of Representatives, Second Life, Financial Times, Trump, Reliance Jio, PTO, Linden Lab


Senate, White House reach deal on $2 trillion stimulus package to lessen COVID-19’s economic impact

After five days of negotiations, Senate leaders and the Trump administration the White House said early Wednesday morning that Senate leaders and the Trump administration have reached a deal on a $2 trillion stimulus package to help relieve the economic impact of COVID-19. “Ladies and gentlemen, we are done. We have a deal,” White House legislative affairs director Eric Ueland told reporters around 1AM, according to the Washington Post. Senate Majority leader Mitch McConnell and Minority Leader ...
Tags: TC, Congress, Senate, White House, Tech, New York Times, House Of Representatives, Treasury, Mitch McConnell, Donald Trump, Trump, Schumer, Chuck Schumer, John Hopkins University, Alan Rappeport, Washington Post Senate


Time for Experts

In this novel crisis, we in media and online need to shift much of our attention away from trying to eradicate disinformation (and how’s that going?) to spend more of our time and resources once again finding and amplifying good information — authoritative information from experts. That is why I am maintaining and immersing myself in my COVID Twitter list of 500 epidemiologists, virologists, physicians, researchers, NGOs, and selected specialist journalists. I have been taking in their c...
Tags: Google, Expertise, Facebook, Publishing, UK, California, Senate, Uncategorized, Journalism, Harvard, Atlantic, Yale, New York Times, Silicon Valley, Fox News, Boris Johnson


Congress fiddles over how much pork to pack into stimulus package

Over the last week, congressional plans to deliver cash payments to Americans and assistance to businesses morphed into partisan mudslinging and an opportunity for special interests to use this moment to advance their interests. From a limited-government perspective, there is a reasonable case for providing aid to Americans unable to work and businesses unable to operate because of government orders. But what’s been happening in Washington, D.C. is the sort of dysfunction that has long character...
Tags: Apple, Congress, California, Opinion, Washington, France, Senate, Sport, Soccer, Editorials, House, Mitch McConnell, Nancy Pelosi, Treasury Department, Pelosi, Senate Republican


Coronavirus outbreak exposes the unsustainability of California’s status quo

The coronavirus outbreak, and the resulting economic fallout, should push all of us to look more critically at the status quo here in California. With the UCLA Anderson Forecast determining that the country is now in a recession, an assessment echoed by Bank of America, and that California will be hit harder than the rest of the country, it’s time we reflect on what we’ve allowed to happen in our state. While we hope state and local governments are successful in their response to the coronavirus...
Tags: Apple, California, Opinion, France, Senate, Sacramento, Bank Of America, Sport, Soccer, Editorials, Los Angeles Unified, UCLA Anderson Forecast, Legislative Analyst 's Office


Wall Street roars on news of potential stimulus deal, Trump hints at opening economy

Wall Street came roaring back Tuesday with all major indices rising on a potential deal between Senate Democrats and Republicans to approve a new stimulus package and suggestions from President Donald Trump that the economy would reopen sooner rather than later. In a Monday evening press conference from the White House, Trump hinted that emergency orders established to address the COVID-19 outbreak in the U.S. could be lifted more quickly than most experts recommend. “ It’s going to be  soon,” T...
Tags: TC, Facebook, Microsoft, Republicans, Senate, White House, US, Tech, Tesla, United States, President, The New York Times, Donald Trump, Dow Jones Industrial Average, Trump, NYU Langone Medical Center


Microsoft became the only US company worth more than $1 trillion after the coronavirus sent the US economy into a nosedive

Microsoft is left as the only US company worth more than $1 trillion after the coronavirus hammers the economy. Apple, Amazon, and Google parent firm Alphabet have all had their market capitalizations fall to below the $1 trillion mark in the recent stock market rout. Trump has publicly mulled pulling back on public health measures that could contain the coronavirus to help restore the economy. Visit Business Insider's homepage for more stories. Microsoft is now the only company in the US wit...
Tags: Google, Asia, Europe, Microsoft, Congress, Senate, US, Trends, US Senate, WeWork, Federal Reserve, Nasdaq, Alphabet, Trump, Apple Amazon


Coronavirus, declining stocks and alternative investments crimp pension systems

The new bear market in stocks is bad news for CalPERS, CalSTRS, and the governments and taxpayers responsible for funding these pension systems. Aside from the obvious investment return damage inflicted by sharp declines in the Dow Jones, the seemingly-impending recession is also likely to impact the “alternative investment” portfolios public pension systems maintain. This month’s market-inflicted punishment should be a teachable moment about taking risks with pension investments. Most pension s...
Tags: Apple, Texas, California, Opinion, France, Senate, Sport, Soccer, Italy, North America, Carlyle, Calpers, California Public Employees Retirement System, CVC Capital Partners, CalSTRS, Marc Joffe


Big Tech’s key role in fighting the coronavirus outbreak

In the past few years, the attitude toward tech has increasingly soured. Multiple data privacy and election-related scandals at various tech companies and a new political strategy of being tough on “Big Tech” have led to the phenomenon known as “techlash.” In fact, in 2018, the Financial Times used that term to summarize “the year in a word.” And the hits just keep on coming: in 2019 and this year, we’ve continued to see even more calls to regulate technology and tech companies—with antitrust su...
Tags: Apple, Google, Amazon, Facebook, Microsoft, California, Opinion, Ebay, France, Senate, White House, Tech, Sport, Soccer, Financial Times, Deepmind


Understanding France’s $1.2 billion fine on Apple

Last week, the French antitrust authorities levied upon Apple the greatest fine it ever has imposed on any company in the 67-year history of the French agency. The total exceeds $1.2 billion. Two wholesalers who distributed Apple products were also fined: Tech Data $84 million and Ingram Micro $69 million. Apple is appealing the decision. In creating the European Union, individual countries did not surrender their own authority to bring antitrust actions to prevent harm done to consumers and com...
Tags: Apple, Amazon, Europe, Supreme Court, Mac, Congress, California, Opinion, France, Senate, America, Eu, Reagan, Sport, European Union, Soccer


US Senator Rand Paul Has Tested Positive for Coronavirus

An anonymous reader writes: 57-year-old U.S. Senator Rand Paul has tested positive for the coronavirus, reports CNN, citing a tweet from the senator's Twitter account. "He is feeling fine and is in quarantine," the tweet reports. "He is asymptomatic and was tested out of an abundance of caution due to his extensive travel and events. He was not aware of any direct contact with any infected person." Another tweet adds that "Ten days ago, our D.C. office began operating remotely, hence virtually...
Tags: Senate, US, Tech, Cnn, Rand Paul, Rand Paul Paul


Senators Dumped Millions in Stock after Closed-Door Briefing on Coronavirus, Records Show

Senators Richard Burr (R., N.C.) and Kelly Loeffler (R., Ga.) sold off millions of dollars in public stock following a closed-door briefing on the coronavirus in January, potentially violating the STOCK Act, which prohibits congressional trading on non-public information.Congress has required its members to disclose their stock sales since the 2012 passage of the Stop Trading on Congressional Knowledge (STOCK) Act, which was intended to prevent lawmakers from using inside information to profit. ...
Tags: Apple, News, Congress, California, Senate, Disney, San Francisco, Paypal, Delta Airlines, United States, Wisconsin, Fox News, Oklahoma, Johnson, New York Stock Exchange, Perdue


Why Congress isn’t working remotely due to COVID-19

As COVID-19 forces much of America to work from home, the United States Congress — whose 535 members have an average age of 60 — is still operating from Capitol Hill. Why this population (deemed high-risk to the coronavirus) isn’t yet doing legislative business remotely comes down to process, tech and political will. “The House rules and the Senate rules require voting in person. And it would require a change in those rules to do that,” California Congressman Eric Swalwell told TechCrunch on a c...
Tags: Google, TC, Congress, California, Washington, Senate, America, West Virginia, Tech, United States, Arkansas, House, House Of Representatives, Arizona, Capitol Hill, Vpn


Trump admin wants to send American workers cash ‘immediately’

As the government takes drastic measures to calm markets in the economic fallout from COVID-19, individual Americans might soon be seeing some dramatic measures of their own. In a White House press conference today on coronavirus updates, Treasury Secretary Steven Mnuchin signaled that the Trump administration is very interested in sending Americans a check in the mail—and soon. “We’re looking at sending checks to Americans immediately. What we’ve heard from hardworking Americans is many compani...
Tags: TC, Congress, Government, Senate, White House, Tech, House, New York Times, Treasury, Mitt Romney, Trump, Yang, Romney, Cory Booker, Sherrod Brown, Michael Bennet


The Trump administration wants to send American workers cash ‘immediately’

As the government takes drastic measures to calm markets in the economic fallout from COVID-19, individual Americans might soon be seeing some dramatic measures of their own. In a White House press conference today on coronavirus measures, Treasury Secretary Steven Mnuchin signaled that the Trump administration is very interested in sending Americans a check in the mail—and soon. “We’re looking at sending checks to Americans immediately. What we’ve heard from hardworking Americans is many compan...
Tags: TC, Congress, Government, Senate, White House, Tech, New York Times, Treasury, Mitt Romney, Trump, Yang, Romney, Cory Booker, Sherrod Brown, Michael Bennet, Congress Trump


Coronavirus exposes sick leave gap for retail, restaurant workers

California’s hiring boom in the low-paying restaurant and service sectors could have unintended consequences in boosting the spread of the coronavirus. More than 2 million service workers in the state handle food, merchandise, clean hotel rooms and care for children. They scrape by every year on three days of state-required sick time, forcing workers to choose between wages and time recovering at home. Statewide the number of people in the low-paying leisure and hospitality industries has grown ...
Tags: Apple, Hollywood, Congress, California, La, Senate, Walmart, Sport, Soccer, Mitch McConnell, Disneyland, National Bureau of Economic Research, Orange County, Ucla, Gavin Newsom, Trump


Daily Crunch: Trump to propose $850B stimulus

President Trump is preparing a massive stimulus proposal, Amazon adjusts to COVID-19 and HashiCorp is now valued at more than $5 billion. Here’s your Daily Crunch for March 17, 2020. 1. Trump administration proposes $850B stimulus package to stabilize the economy The Trump administration is heading to Congress to ask for an $850 billion stimulus package to stabilize an economy shaken by the dramatic response to the novel coronavirus. Citing multiple sources, stories in The Washington Post, The N...
Tags: Amazon, Spacex, Congress, Senate, White House, Tech, Policy, Nbcuniversal, Treasury, Donald Trump, HashiCorp, Cnbc, Universal Pictures, Falcon, Trump, Focus Features


Trump administration proposes $850 billion stimulus package to stabilize the economy

The Trump administration is heading to Congress to ask for a $850 billion stimulus package to stabilize an economy shaken by the dramatic response to the novel coronavirus, according to multiple reports. Citing multiple sources, stories in the Washington Post, New York Times, and CNBC report that Treasury Secretary Steven Mnuchin is presenting details to Senate Republicans later on Tuesday. While the specifics of the planned stimulus package are limited, the White House is pushing for a payroll ...
Tags: TC, Utah, Congress, Senate, White House, America, Tech, Arkansas, House Of Representatives, Treasury, Mitt Romney, Medicare, The Washington Post, Medicaid, Cnbc, Trump


President says Senate to revise House aid bill to ‘make it fair for everybody’

In a press conference on Monday, President Donald Trump indicated that the Senate is set to revisit an aid package designed to respond to the economic and social stresses caused by the novel coronavirus outbreak. “We’re looking at that through the Senate,” the president said when asked about potential changes to the House bill.  The bill, which was approved by the House of Representatives early Saturday morning after nearly a full day of negotiations with the White House, included expanded fun...
Tags: Food, TC, Government, Senate, White House, America, Tech, House, House Of Representatives, Disease, Politicians, Donald Trump, Trump, Coronavirus, COVID


America’s largest companies are not covered under congressional coronavirus aid package

America’s largest companies are not covered under a bill passed by the House of Representatives on Friday that is supposed to support American workers impacted by the spread of the novel coronavirus. The bill still has to be voted on by the Senate and approved before it can be signed into law, but its structure leaves a gaping hole in the prevention strategy the government has said is necessary to reduce the COVID-19 outbreak in the US. “No American worker should worry about missing a paychec...
Tags: Apple, Health, Google, Amazon, TC, Facebook, Uber, Technology, Microsoft, Senate, White House, US, Employment, Articles, America, Tech



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