Jul 16, 2020

Two weeks until the bottom falls out

HTML EMBED:
COPY
Plus: The latest on yesterday's big Twitter hack, this year's political conventions and how parenting in the pandemic will hurt women's careers.

Segments From this episode

Extra unemployment benefit during pandemic boosts spending

Jul 16, 2020
Normally, jobless workers receiving unemployment cut their spending by 7%. But a JPMorgan Chase study found it's rising — by 10%.
An employee administers a temperature check outside an Apple store. The government bonus paid to unemployed workers is scheduled to end at the end of this month.
Sean Rayford/Getty Images

Moms are reducing work hours 4-5 times more than dads during pandemic

Jul 16, 2020
It could leave them vulnerable to layoffs, stalled careers and lower pay for years to come, new studies find.
A mom helps her two daughters with schoolwork during the pandemic in New York.
John Moore/Getty Images

Some of Twitter's biggest accounts got hacked. It could have been much worse.

Jul 16, 2020
Zeynep Tufekci, a technology and society expert at the University of North Carolina, hopes the hacks on Obama, Gates and others act as a wake-up call ahead of the election.
Twitter's logo outside the New York Stock Exchange in 2013. Wednesday's hacks demonstrate the high level of risk associated with the messaging service.
Andrew Burton/Getty Images

Why do political parties still hold conventions? (Hint: $$$)

Jul 16, 2020
They can juice local economies. They can also juice campaign coffers.
Joe Biden speaks during the 2016 Democratic National Convention in Pennsylvania. This year's convention will take place virtually at a later date.
Aaron P. Bernstein/Getty Images

For some, navigating the pandemic is like “walking on a sheet of ice”

Jul 16, 2020
Tax accountant Michael Durant is seeing his small business clients through a storm, but facing another at home.
Certified Public Accountant Michael Durant said trying to survive the pandemic is "like walking on a sheet of ice" for some of his small business clients. "You're just trying to get to the other side and hoping that it maintains," he said.
Friso Gentsch/DPA/AFP via Getty Images

Could the Fed help bail out New York's MTA?

Jul 16, 2020
The central bank offers loans to help state and local governments through the pandemic. But is it the best way to borrow?
A worker cleans the turnstiles at an MTA subway station in May. With hardly any farebox revenue, the MTA is considering a loan from the Fed's Municipal Liquidity Facility.
Spencer Platt/Getty Images

Restaurant owners to Yelp reviewers: Be considerate!

Jul 16, 2020
During the pandemic, a bad Yelp review hurts more than ever.
Diners peruse a menu at a Maryland restaurant. Many Yelp reviewers' unrestrained criticism is another stress factor for struggling eateries.
Alex Edelman/AFP via Getty Images

Music from the episode

Raw Karmawin
Always Something DJ Mitsu The Beats
Relief in Believing Jon Ososki
Lovely You Monster Rally

The team

Nancy Farghalli Executive Producer
Bridget Bodnar Producer
Daisy Palacios Producer
Sean McHenry Associate Producer
Maria Hollenhorst Associate Producer