Peter Russell

The ‘black hole’ of unemployment benefits: Six months into the pandemic, some are still waiting for aid

The coronavirus-fueled recession has stressed states’ ability to pay timely unemployment benefits, resulting in financial hardship for many families.
Sam Fornasiero, Brett Lawrence and Sam Thornton waited months.
They’re among thousands. Nearly 400,000 people who received their first benefit payment in July had waited at least 70 days, according to Labor Department data.

Dow rebounds more than 300 points on stimulus hope to end first losing month since March

Stocks cut gains in the final hour of trading after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to strike a coronavirus aid deal. The pair will continue talks as they try to craft a fifth package that could pass both chambers of Congress. The market soared earlier in the session after Mnuchin said lawmakers were giving the bill “a serious try.”

Porsche is upbeat on China sales as automakers bet on luxury electric vehicles

The coronavirus pandemic has generally affected wealthier segments of the Chinese population less, while altering some consumer habits that are driving demand for luxury car brands such as Porsche.
Electric vehicles in the high-end segment are particularly in demand, several executives say.
However, Thomas Ingenlath, CEO of premium electric vehicle brand Polestar, says that even with growth in China, he expects the market will remain less than half of global sales.

Irish pubs get the nod to re-open after enduring one of the longest shutdowns in Europe

Under the original lockdown easing schedule, pubs were due to re-open in August but that had been pushed back repeatedly.
Pubs that serve food, as well as restaurants and hotels, re-opened in late June under restrictions.
The new rules will put all pubs on a relatively similar footing, requiring table service and limiting group sizes.
In cases where two-meter distancing isn’t possible, customers can only stay for 105 minutes and all customers must be off the premises by 11:30 p.m.

Who is Kim Yo Jong? The North Korean leader’s little sister could be moving to bigger things, analysts say

“By letting his sister Kim Yo-jong lead the highly visible charge against the South, he is likely laying the groundwork for her elevation to a more senior position within the regime,” said Miha Hribernik, Head of Asia, Risk Insight at Verisk Maplecroft.
The younger Kim first came into the global limelight when she attended the opening ceremony of the 2018 Pyeongchang Winter Olympics. This made her the first from the Kim family set foot in South Korea.