'I feel unsafe here.' For Miami's democratic socialists, Trump's attacks feel personal.
MIAMI — Though she intends to vote for Joe Biden in the presidential election, Natasha Esteves has recently joined various Miami-area, pro-Trump Facebook groups. Since June, she has also been receiving text and email updates from the Trump reelection campaign, to the tune of more than 10 messages per day.There’s a reason behind Esteves’ immersion in right-leaning digital spaces: She wants to stay up-to-date on the “anti-leftist, anti-socialist rhetoric” proliferating online.“I live in Hialeah and I obviously see a lot of Trump flags ( … ) but right now a lot of the conversation spaces happen t...
Susan Tompor: US economy to deliver record 3rd quarter — but spiking COVID-19 cases could bring slump
The U.S. economic scorecard is set to post one mind-blowing grand slam Thursday for record growth in the third quarter. But, like much of 2020, don’t be shocked if the economic bump reverts into yet another slump.Worries are building that the COVID-19 spike in Europe possibly could foreshadow widespread shutdowns in the United States — and that would hurt economic growth.Future rollbacks on a regional basis in the U.S. could slow things significantly, possibly contributing to a recession, especially if an alarming level of coronavirus cases continue in many communities and another giant stimul...
Detroit Free Press
Ann McFeatters: How Trump delivered on his promises from 2016, and what it signals for a 2nd term
We have never heard a serious answer from Donald Trump about his priorities for a second term except that having first called the White House a “dump,” he’s come to like living there and flying on Air Force One.Republicans, also, refused to put out a platform for the next four years. But, hey, we easily can review how well Trump kept his promises in his first term as president.Trump promised to bring manufacturing jobs back to U.S. shores and started a trade war with China, imposing higher tariffs to bring jobs back. Sadly, there is not a higher number of American-made widgets. The U.S. trade ...
Tribune News Service
As Boeing struggles to stay competitive, top jet buyers describe daunting outlook
The world’s biggest buyers of commercial jets believe Boeing, which is set to report more heavy financial losses Wednesday, has fallen significantly below parity with rival Airbus — with limited options for recovery as it bleeds cash during the pandemic-driven aviation crisis.In interviews, executives of the top aircraft-leasing companies said the country’s commercial aviation leader faces immense challenges, with its 737 Max yet to resume commercial flights and prospects for its large new 777X jet crushed by the dramatic contraction of international air travel.In the market for smaller, singl...
The Seattle Times
N95s, other health care products continue to buoy 3M as economy recovers
Strong sales to the health care industry helped 3M beat Wall Street’s third quarter profit and sales forecasts.Maplewood-based 3M Tuesday announced profits of $1.41 billion or $2.43 per share, down 11% over a year ago but nicely above the $2.26 consensus estimate by stock analysts.3M’s third quarter sales tallied $8.4 billion, increasing 4.6% over a year ago and topping estimates of $8.29 billion.3M’s sales in the health care sector have increased during the COVID-19 pandemic as its N95 respirator mask is considered critical for worker protection. But much of the rest of 3M had been battered b...
Star Tribune (Minneapolis)
Joseph N. DiStefano: US still trails pre-COVID peak in jobs and economic activity, and the new president may not matter
The U.S. economy shrank by nearly one-third during the three-month period ending in June. The economy recovered about four-fifths of that loss by August, according to the Glenmede Recovery Index, which tracks bank card payments, business accounts, and Google Mobility data. But the nation has since stalled at that point, remaining at recession levels, with unemployment double the pre-virus rate.“The pandemic remains in a reopening phase. On a near-term basis, we’re not getting a full recovery because of the lack of vaccine, the lack of herd immunity,” said Jason Pride, chief investment officer ...
The Philadelphia Inquirer
Prospects dim for return of Chicago's convention industry. 'I would say definitely not 2021'
Chicago’s convention industry, one of the city’s major sources of tax revenue, might not return in any significant fashion until 2022, dealing a prolonged financial blow to the city as it struggles to make up a $1.2 billion budget shortfall.Mayor Lori Lightfoot is scheduled to present her plan to close the city’s budget deficit Wednesday, which might include increases to property and gas taxes, as well as city worker layoffs.With COVID-19 cases on the rise again and business and international air travel depressed, trade show organizers continue to examine plans for next year. Already, eight sh...
Susan Tompor: IRS still reaching out to send stimulus checks
Many lower income households who are still wondering why they didn’t get a stimulus check of $1,200 or more are getting another second chance.The Internal Revenue Service is extending what had been an Oct. 15 deadline until Nov. 21 for those who typically don’t file a tax return to get their information to the IRS.The IRS is trying to connect with people who typically don’t file a tax return and have not received a stimulus check or Economic Impact Payment yet. Those stimulus payments began rolling out in April but millions did not get money yet.Who needs to do extra work to get money?The goal...
Detroit Free Press
Time UAE residents though beyond renting
Among the most fundamental - and practical - dreams people share is owning a home. But why is it that not everyone succeeds in this? Economics plays a significant role in the overall scheme of things.So, given the opportunity to purchase a property - or your home, no less - would you not hold on tightly and make sure you “own” it? In Dubai, while there has been a correction in rental values, it has essentially lagged behind the correction going on in property values. And I do not believe the general rent decline will exceed 10 per cent in most areas.Owning a property is essential to underpinni...
Editorial: Shocking new rates for homeowners insurance threaten Florida's economy
Florida homeowners, already facing an anxious few months because of the COVID-19 pandemic, face a new threat — the prospect of major cost increases for property insurance.As the Sun Sentinel reported Sunday, the increases could range from 30% to 40%. They would come just as Gov. Ron DeSantis has ended the moratorium on mortgage foreclosures. It also seems likely that Senate Republicans won’t pass a second COVID-19 stimulus bill that could help laid-off homeowners pay their insurance premiums.How will the Florida Legislature respond? If history is a guide, the priority will be to please the ins...