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WILMINGTON, Del. (AP) — President-elect Joe Biden will have an all-female communications team at his White House, led by campaign communications director Kate Bedingfield. President-elect Biden and Vice President-elect Harris today announced new members of the White House staff who will serve in senior communications roles.For the first time in history, these communications roles will be filled entirely by women.https://t.co/SjWAWJg941— Biden-Harris Presidential Transition (@Transition46) November 29, 2020 Bedingfield will serve as Biden’s White House communications director, and Jen Psaki, a longtime Democratic spokeswoman, will be his press secretary.Bedingfield served as Deputy Campaign Manager and Communications Director for the Biden-Harris Campaign. She also served as Communications Director for Vice President Biden and as Associate Communications Director, Deputy Director of Media Affairs, and the Director of Response in the Obama-Biden White House.Psaki currently oversees the confirmations team for the Biden-Harris Transition. During the Obama-Biden administration, Psaki held several senior roles, including White House Communications Director, State Department Spokesperson under then-Secretary of State John Kerry, Deputy White House Communications Director and Deputy White House Press Secretary during the financial crisis.Two other women, Karine Jean-Pierre and Pili Tobar, will also be part of the communications team.Jean-Pierre was Senior Advisor to President-Elect Joe Biden and Chief of Staff to Vice President-Elect Kamala Harris on the Biden-Harris Campaign. As for Tobar, she served as the Communications Director for Coalitions on the Biden-Harris Campaign.“Communicating directly and truthfully to the American people is one of the most important duties of a President, and this team will be entrusted with the tremendous responsibility of connecting the American people to the White House. I am proud to announce today the first senior White House communications team comprised entirely of women. These qualified, experienced communicators bring diverse perspectives to their work and a shared commitment to building this country back better,” said President-elect Joe Biden in a press release.“Our country is facing unprecedented challenges–from the coronavirus pandemic to the economic crisis, to the climate crisis, and a long-overdue reckoning over racial injustice," added Vice President-elect Kamala Harris. "To overcome these challenges, we need to communicate clearly, honestly, and transparently with the American people, and this experienced, talented, and barrier-shattering team will help us do that. These communications professionals express our commitment to building a White House that reflects the very best of our nation.”Meanwhile, The Associated Press has learned that Biden also plans to name the president and CEO of the Center for American Progress, Neera Tanden, as director of the Office of Management and Budget. 2987

WILMINGTON, Del. – President-elect Joe Biden addressed the nation Friday about the November jobs report that shows American companies are hiring at a slower pace as COVID-19 cases spike across the country.The report released by the Department of Labor Friday shows that the unemployment rate fell slightly to a still-high 6.7%. However, the gain of 245,000 jobs last month was the fewest added since the spring, when the pandemic and widespread quarantines forced mass layoffs.Biden started his remarks by calling the jobs report “grim.” He said it showed an economy that’s stalling and we’re in one of the worst economic job crises in modern history. However, he said it doesn’t have to stay that way.“If we act now, now I mean, now, we begin to regain momentum and start to build back a better future,” said Biden. “There’s no time to lose. Millions of people have lost their jobs or had their hours slashed. They’ve lost their health insurance or are in danger of losing their health insurance.”Biden said it’s deeply troubling that last month’s drop in unemployment was driven by people who are dropping out of the job market.“They’ve lost hope of finding a job or they’ve taken full-time caregiving responsibilities as child centers remain closed and their children learn remotely,” he said.Biden listed many sobering statistics that show how much Americans need relief during this crisis.“One in every six renters is behind in rent. One in every four small businesses can’t keep their doors open. And there’s a growing gap in Black and Latino unemployment, and the gab remains much too large,” said Biden.As he doesn’t take office until the end of January, Biden is calling on President Donald Trump and the current Congress to act in the interest of the American people now.“If Congress and President Trump fail to act by the end of December, 12 million Americans will lose their unemployment benefits they rely on,” said Biden. “Merry Christmas. The unemployment benefits allowing them to keep food on the table, to keep the lights on, and the heat on, pay their bills.”If lawmakers don’t act, Biden pointed out that emergency paid leave will end, the moratorium on evictions will expire, and states will lose the vital tools they need to pay for COVID-19 testing and public health.“If we don’t act now, the future will be very bleak,” said Biden.Biden did say he was encouraged by the bipartisan 8 billion relief plan that was proposed this week, but said more aid will be needed throughout 2021 in order to get the country back on track. The latest relief plan doesn’t include ,200 stimulus checks for Americans, but Biden said he’s not convinced it won’t be part of the bill in the end and added that it’s “still in play.”Biden also called for funding for COVID-19 vaccines and testing as the U.S. finds itself in its most perilous point in the COVID-19 pandemic to date.“We need to ramp up testing to allow our schools and businesses to operate safely. The sooner we pass the funding, the sooner we turn the corner on COVID-19,” said Biden.On Thursday, Johns Hopkins said that the U.S. reported record numbers of new COVID-19 deaths and infections. Since Halloween, more than 5 million Americans have contracted COVID-19 — a number that represents about 36% of all cases recorded since the pandemic began.Biden's remarks come days after he announced his picks for key economic positions in his incoming administration. Among them is former Fed chairwoman Janet Yellen, who Biden has tapped to run the Treasury Department. Yellen, a Keynesian economist who is not afraid to allow the government to intervene in the free market, will be tasked with working with Congress to get stimulus packages passed.Biden is also expected to announce his picks for key public health positions in the coming days. On Thursday, Biden said in an interview with CNN that he has asked Dr. Anthony Fauci to remain in his role as the head of the National Institute for Allergies and Infectious Diseases and asked him to be a chief medical adviser to his White House.At the end of his remarks, Biden took some questions from reporters. One asked for Biden’s reaction to those saying his Cabinet picks so far haven’t been diverse enough. He responded by saying his cabinet will be the “single most diverse cabinet” in U.S. history. 4332

With baseball, basketball, and hockey back underway, we can say sports are a thing again.The months of March, April, May, and June were difficult on lots of fans who value the role of sports in their lives, but some fans were making out just fine.“For three or four months, sports cards replaced sports as entertainment,” said Mike Fruitman, owner of Mike’s Stadium Sports Cards in Aurora, Colorado. “People were coming in saying, 'Give me a Jayson Tatum card,' and I’m like, 'You know he hasn’t played since March?'”Fruitman has been in business for 29 years and he says the last four years have been the most profitable in his career. That includes when the Broncos won the Super Bowl in 2016.“When there’s a baseball strike. When there’s football, basketball, hockey stoppages, people forget these [sports],” said Fruitman. “They get really disinterested in it. We didn’t have that this time.”For example, Kansas City Chiefs quarterback Patrick Mahomes is one of the most popular sports figures in the world. He was only drafted four years ago, but already has amassed a career that has changed the quarterback position in the NFL. Coming into 2020, one of his rookie cards was trading at ,750.One month into 2020, he won the Super Bowl with the Chiefs, and then in early July, signed the most lucrative deal in sports history: 3 million over the course of 10 years.Only days after he signed that contract, the same rookie card was sold for ,475.“When you buy a card of a player it’s like buying stock in a company,” said Fruitman. "If there’s a tsunami that affects Apple, you’re going to see their stock depreciate one day. If they come out with the iPhone 13 and it’s the best iPhone and it cures whatever, their stock is going to go up, and you’re seeing much of the same thing with sports cards.”"A lot of the cards are selling for a lot more money than game worn jerseys and things like that,” added sports cards guru Rich Mueller. "It’s a commodity.”Mueller is the founder and managing editor of Sportscollectorsdaily.com and tracks market fluctuations in card prices. He says what we are seeing is something unprecedented because people have been so hungry for sports."COVID hit so you have people sitting at home, not going to games, not gambling, not spending money on vacation. EBay is accessible, so [they buy cards],” he said “It’s like nothing I’ve ever seen and I lived through the 90s when there was a baseball card store on every corner.”And it’s not just sports fans buying and selling sports trading cards, but investors who are not interested in sports at all.Consider this: Bol Bol is a rookie basketball player for the Denver Nuggets. In June, before the new NBA season started, his card was trading for less than . Then, a few weeks ago, he posted 15 points, 10 rebounds, and 6 blocks in a scrimmage game, and the price shot up to more than because people wanted to get in on the low prices in case he panned out to be a great player.“The boxes that contain the cards have appreciated,” said Fruitman. “I can’t say every box, but most of them have appreciated by 50 percent, if not 100 percent. Especially basketball. It’s been unreal.” 3184

When experts look at the economy and its rebound, they go through an alphabet soup of letters, with a “V” shape recovery being the best-case scenario. It’s a fast decline with a fast recovery. Letters like “W” or “L” mean a much slower and painful path forward.A resurgence of more COVID-19 cases is shifting the likely shape of our economic recovery, and having economists evaluate the likelihood of a recovery in the shape of the more dreaded letters.“The fact that the virus has increased in a number of states shows that it is still very much a threat not only to one’s health but the economy,” said Michelle Meyer, who heads U.S. Economics at Bank of America. “The initial stage of the recovery was quite robust. It felt quite ‘V’ like, the economy was digging its way out of what was a very deep hole.”According to Bank of America, about a third of the jobs lost during the pandemic have been recovered. However, the recovery has slowed down into more of a “U” shape, and now data is showing a stall with concern of a higher chance of a “W” or “L” shape recovery.“The ‘W’ trajectory would be the worst-case scenario. That would show real fragility on the economy if we dipped back into a recession,” added Meyer.Experts say it would lead even higher unemployment, and more permanent job loss and business closures. In addition, to come out of a “W” or “L” shape recovery, we would need even more stimulus money from the federal government, which may not even improve the economic downturn as much as it did the first time.“Stimulus in Washington provides a really nice band-aid and I think it helped tremendously in the first stage of this recovery but at the end of the day, we need the economy to fundamentally improve,” said Meyer.The good news is unless there is a significant or full shutdown again, a “W” shape recovery is still less likely to occur than a “U” shape.“Our analysis projects that a 'U' shape recovery with rather steep losses and growth this year and rather flat next year and then recovering subsequently is the most likely outcome,” said David Turkington, the Senior Vice President at State Street Associates.A recent State Street study based on 100 years of historical data shows that the U.S. still has 30.1% chance of a “U” recovery, and a combined 24.4% chance of a “W” or “L” shape recovery which include stagflation and depression outcomes.“The real economy I think is what determines the recovery and how that plays forward,” said Turkington.The real economy is jobs, businesses and consumer spending. Providing stability there could determine which way the economy goes. 2615

White House senior adviser Jared Kushner's family real estate group obtained business loans after Kushner met with the company heads in his official government capacity, The New York Times reported Wednesday.According to the Times, Kushner met with Joshua Harris, one of the founders of Apollo Global Management, on multiple occasions while advising the Trump administration on infrastructure policy, three people familiar with the meetings said.The topic of a job at the White House was also brought up, though never materialized. In November 2017, Apollo's real estate group lent Kushner Companies 4 million to refinance the mortgage of a Chicago skyscraper. The size of the loan, according to the Times, was triple the size of their average property loan.  775