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12:53 PM 2/7/2021 – News Review

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A Winter Storm Warning is currently in effect, as well as a Hazardous Travel Advisory. Stay home or take public transportation if you’re able. Stay safe!
PBS NewsHour Weekend Live Show: February 7, 2021

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8:08 AM 2/7/2021 – Penguins Spared After Mammoth Iceberg Splits Into Smaller Pieces – News Review thenewsandtimes.blogspot.com/2021/02/808-am…

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Michael Novakhov retweeted:
FBI arrests Pennsylvania woman accused of using a bullhorn to direct rioters during last month’s Capitol siege, federal prosecutors say. nbcnews.to/3q1ukuX
Michael Novakhov retweeted:
Chinese whistleblower doctor who sounded alarm about COVID remembered a year on trib.al/LEfs6Jh
Michael Novakhov retweeted:
Trump’s DC hotel is hiking prices for March 4 — the day QAnon followers think the former president will be sworn in businessinsider.com/trumps-dc-hote…
Michael Novakhov retweeted:
There likely will be ample evidence for the Justice Department to prosecute former President Donald Trump. But the schoolbook ideal of a criminal investigation and the reality are often not the same, writes @MichaelJStern1 in @usatodayopinionusatoday.com/story/opinion/…
Michael Novakhov retweeted:
Full Schiff Interview: ‘We simply couldn’t sit still and wait’ on Trump imeachment

Rep. Adam Schiff (D-Calif.), Chair, House Intelligence Committee, talks about the upcoming impeachment trial of former President Trump.

nbcnews.to/2YRRoAz

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Michael Novakhov retweeted:
The Landsknechts – Meet the Renaissance’s Most Feared Soldiers-of-Fortune militaryhistorynow.com/2018/08/16/mee…

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Michael Novakhov retweeted:
“I think it’s clearly constitutional to conduct a Senate trial with respect to an impeachment,” Republican Sen. Pat Toomey says on fmr. Pres. Trump’s upcoming trial.

“In this case, the impeachment occurred prior to the President leaving office.” #CNNSOTU cnn.it/2YTXikI

Michael Novakhov retweeted: What does the ICC ruling mean for Israel, the IDF and the Palestinians? haaretz.com/israel-news/.p…

Michael Novakhov retweeted:
What does the ICC ruling mean for Israel, the IDF and the Palestinians? haaretz.com/israel-news/.p…
Michael Novakhov retweeted:
Don’t dismiss the ICC ruling on Israel, but don’t blow it out of proportion either haaretz.com/israel-news/.p…
Michael Novakhov retweeted:
Florida officer fired for alleged physical harassment, taunting colleague for fears of COVID-19 hill.cm/safqSXA

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‘10:33 AM 2/7/2021 – News Review: It’s Still January 6 on Capitol Hill’ on #SoundCloud #np soundcloud.com/mike-nova-3/10…

10:33 AM 2/7/2021 – News Review: It’s Still January 6 on Capitol Hill youtu.be/1D5VrF0Shdc via @YouTube

Treasury Secretary Janet Yellen: Biden’s stimulus bill could help US employment bounce back to normal by 2022

Janet Yellen Without the bill, recovery could plod along until 2025.

Andrew Harnik/AP Photo

  • Treasury Secretary Janet Yellen said US employment could return to normal by 2022.
  • She said a speedy economic recovery hinges on whether or not President Biden’s relief bill passes. 
  • Democrats and Biden have indicated they will pass the package with or without bipartisan support. 
  • Visit the Business section of Insider for more stories.

Treasury Secretary Janet Yellen said the US could see employment rebound to pre-pandemic levels by 2022 if Congress passes President Joe Biden’s coronavirus stimulus package. 

“This package is going to really speed recovery. And analysis by Moody’s and economists at the Brookings Institution show that very clearly – that we will get people back to work much sooner with this package,” Yellen said on CNN’s “State of the Union” on Sunday. 

“I would expect that if this package is passed that we would get back to full employment next year.”

Yellen also said that the consequences of not passing a robust stimulus bill would be dire. 

“If we don’t provide additional support, the unemployment rate is going to stay elevated for years to come,” Yellen said, citing a report from the Congressional Budget Office. “It would take until 2025 to get the unemployment rate back to 4% again. We would have a long, slow recovery like we had after the financial crisis.”

President Biden’s proposed relief package would commit $1.9 trillion to aid state and local governments, fund vaccination efforts, distribute a wave of $1,400 stimulus checks, and temporarily enhance unemployment benefits, among other efforts. 

Read more: Biden’s stimulus plan is heightening Wall Street’s worries that inflation will upend the stock market. We spoke to 4 experts on what the raging debate means for investors, and how to take advantage of it.

Although it’s not the massive infrastructure and job-creation bill Biden plans for the future, the relief package will help dig the US out of the “deep hole” it currently faces with respect to the job market, Yellen said during an appearance on CBS’ “Face the Nation” on Sunday.

“The spending it will generate is going to lead to demand for workers, help put people back to work, especially when we can get vaccinations and the public health situation to the point where the economy can begin to open up again,” Yellen said. “I’d point out, it includes aid to state and local governments. We’ve seen already 1.3 million workers fired off state and local payrolls because of shortfalls that they have in revenues.”

The bill would also aim to bring women back into the workforce through several measures, Yellen said.  

“The American Rescue package that President Biden has proposed really addresses the problems that women face. It places huge emphasis on getting our schools open safely, getting children back into school, providing paid family and medical leave during this crisis,” she said. 

The White House is currently trying to push the bill through Congress, though it’s facing opposition from Republican lawmakers over its size. This week, the Senate approved a resolution that would allow it to pass the bill with a simple majority, and Biden indicated he would move forward with the package with or without Republican support. 

Read the original article on Business Insider
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