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Friends: I wrote a book, "The Riches of This Land," about the group of heroes who built the great American middle class - and how they are the key to rebuilding it from our current crisis. I'd be honored if you read it. It's out August 11. Pre-order here:https://bit.ly/2AeFqI0
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Farms vs firms is my new fave
@UpdatedPriors jam. Establishments are so last year.https://twitter.com/updatedpriors/status/1334977884717510658 …
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Jim Tankersley Retweeted
Asked what he's been doing to secure a bipartisan Covid deal,
@JoeBiden says it'd be "kind of stupid for me to tell you what I did," compares it to a reporter revealing a source.Thanks. Twitter will use this to make your timeline better. UndoUndo -
Biden, in a press conf, is leaning heavily into the idea that deteriorating economic conditions this winter will bring Republicans to the table on more stimulus talks once he's president. “They’re going to find that there’s an overwhelming need as the numbers skyrocket”
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But asked directly about Biden team intervention with Congress,
@jrpsaki replies: “We’re not going to have any specific conversations to read out to you”Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo -
The mantra from Joe Biden and his team is that Congress needs to cut an aid deal for the economy -- and then do it again come January:https://www.nytimes.com/live/2020/12/04/us/joe-biden-trump/biden-will-address-job-growth-amid-new-signs-of-economic-weakness …
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Jim Tankersley Retweeted
The closest thing to a silver lining I could come up with? The retail employment drop is a seasonal adjustment effect, so in January the people who didn't get hired as temporary holiday help won't lose their jobs. Merry Christmas.https://www.nytimes.com/2020/12/04/upshot/jobs-report-unemployment.html …
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Another sign of the recovery trending in the wrong direction.https://twitter.com/jasonfurman/status/1334860207760023552 …
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Jim Tankersley Retweeted
We're still down 9.8 million jobs since February, before the onset of the pandemic in the US.
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Jim Tankersley Retweeted
BREAKING: The US added back 245,000 jobs in November, the slowest pace yet and a red flag that momentum is waning. The unemployment rate fell to 6.7% (similar to 2014 levels). Overall ~56% of jobs lost in the spring have returned.
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Jim Tankersley Retweeted
The labor force participation rate edged down to 61.5 percent in November; this is 1.9 percentage points below its February level. The employment-population ratio, at 57.3 percent, changed little over the month but is 3.8 percentage points lower than in February.
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LFP down again. Not good.
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A miss to the downside. Real risks for the economy here.https://twitter.com/bencasselman/status/1334852545974575114 …
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Jim Tankersley Retweeted
There is a humanitarian crisis unfolding in Guatemala and Honduras. Back to back storms affected 5 million people, including 1.5 million children, creating a new class of refugees who lost everything — and have more reason than ever to migratehttps://www.nytimes.com/2020/12/04/world/americas/guatemala-hurricanes-mudslide-migration.html …
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Fairly confident that
@nxthompson will be the first CEO of@TheAtlantic who ever stripped naked during a protest in the@StanfordDaily office. https://stanfordmag.org/contents/my-1-000-hours-at-the-daily … (Congrats, Nick!)https://twitter.com/1bobcohn/status/1334600123654004736 …Thanks. Twitter will use this to make your timeline better. UndoUndo -
Jim Tankersley Retweeted
Active COVID infections among people incarcerated in Colorado state prisons: Today: 2,100 Yesterday: 1,800 Tuesday: 1,500
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Jim Tankersley Retweeted
We need a good/catchy name for the Manchin-Murkowski Romney-Collins-Cassidy-Warner bipartisan relief group behind the $908 billion proposal. "Gang of 6" maybe makes some sense? But its membership seems to vary too much for that to really work. Anybody got ideas?
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Deese gets his own transition introductory/bio video, including Biden saying Deese will be the first NEC director "who is a true expert on climate policy": https://www.youtube.com/watch?v=oiFRS660iM4 …https://twitter.com/jimtankersley/status/1334544718433300482 …
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Biden makes it official: Brian Deese will lead the NEC in the recovery from recession, with an initial focus that includes climate issues. https://www.nytimes.com/2020/12/03/business/brian-deese-national-economic-council.html …pic.twitter.com/GiS57PFg85
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Jim Tankersley Retweeted
* U.S. AIRLINE INDUSTRY EMPLOYMENT FELL BY NEARLY 29,000 EMPLOYEES IN MONTH ENDING OCT. 15 TO 673,278 WORKERS - TRANSPORTATION DEPARTMENT
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Biden: “It’s going to be hard as hell for the next 50 to 70 days, unless the House acts in some way, the Senate acts and passes some kind of material.”
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Oregonian eternal.