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Following economic shutdowns to slow the spread of the coronavirus, and with the US still dealing with the spread forthe pandemic, experts from the UCLA foresee a US economic depression into 2023.The researchers say that unemployment levels of 10% could persist into the fall, and 6% unemployment could remain through the end of 2022.US unemployment was below 4% earlier this year."To call this crisis a recession is a misnomer. We are forecasting a 42% annual rate of decline in real GDP for the current quarter, followed by a 'Nike swoosh' recovery that won't return the level of output to the prior fourth quarter of 2019 peak until early 2023," writes UCLA Anderson Forecast senior economist David Shulman in an essay titled "The Post-COVID Economy."The researchers note that the economy has already hit rock bottom. But GDP and employment levels won’t see a quick recovery.But Shulman said that the entire economic meltdown cannot be blamed on the coronavirus. Shulman and UCLA researchers say the pandemic has accelerated economic trends that were already moving toward increased digitization of business functions and online commerce. 1149
First lady Melania Trump unveiled the 2020 White House Christmas decorations on Monday morning.The display, which Trump named "America the Beautiful," pays tribute to "the majesty of our great Nation."Photos showed the White House residence decorated with several ornately decorated Christmas trees and other winter themes.In a tweet, the first lady said that volunteers "from all across America" decorated the White House over the weekend."Thank you for your time, enthusiasm & devotion to make sure the spirit of peace & joy fill the historic rooms & halls of the People's House!" Trump said.The frst lady has led efforts to decorate the White House for the holidays since President Donald Trump assumed office in 2017. Her 2020 display will mark her last following Trump's defeat in the 2020 presidential election.The 2020 display was also her first since recordings leaked in October of her dismissing her work in decorating the White House."I'm working ... my a** off on the Christmas stuff, that you know, who gives a f*** about the Christmas stuff and decorations? But I need to do it, right?" the first lady said in recordings leaked to CNN.See the first lady's 2020 White House Christmas display in the video below. 1244
Firstly, this is my country & I am a member of the House that impeached you.Secondly, I fled civil war when I was 8. An 8-year-old doesn’t run a country even though you run our country like one. https://t.co/zcKKjdC8ju— Ilhan Omar (@IlhanMN) September 23, 2020 272
FOSTER CITY, Calif. – The maker of remdesivir, a drug shown to shorten recovery time for severely ill COVID-19 patients, has released its pricing for the treatment.Gilead announced Monday that it will charge ,340 for a typical treatment course for people covered by government health programs in the United States and other “developed countries.”As for Americans with private insurance, they’ll be charged ,120, “because of the way the U.S. system is set up and the discounts that government healthcare programs expect,” Gilead said.Based on current treatment patterns, Gilead said the vast majority of patients are expected to receive a five-day treatment course using six vials of remdesivir. Individually, each vial will cost 0 for those covered by a government insurer, and 0 per vile for those with a private insurer.In poorer countries, with less health care resources, generic drugmakes will be allowed to make the drug and sell it for far less than in the U.S.The pricing has already come under fire, because the development of the drug was largely funded by taxpayer money.Gilead’s CEO, Daniel O’Day, wrote in an open letter that the company approached its pricing decision with the aim of helping as many patients as possible, as quickly as possible.“At the level we have priced remdesivir and with government programs in place, along with additional Gilead assistance as needed, we believe all patients will have access,” wrote O’Day.O’Day said Gilead has entered into an agreement with the U.S. Department of Health and Human Services (HHS) whereby HHS and states will continue to manage allocation to hospitals until the end of September. After this period, once supplies are less constrained, HHS will no longer manage allocation.The U.S. Food and Drug Administration (FDA) has actually not yet approved remdesivir for any use, but it has granted an Emergency Use Authorization (EUA) for the treatment of hospitalized patients with severe COVID-19.This treatment is much different than COVID-19 vaccines, which are still in development. Public health leader Dr. Anthony Fauci has said that the U.S. should have a "couple hundred million" doses of a coronavirus vaccine by the beginning of 2021. 2226
For the folks in your life who never stop watching political news or talking politics, there are plenty of things to buy them for Christmas.Every year, a new ornament celebrates the beauty of the president's official home. The Official 2018 White House Christmas Ornament sells on Amazon.com for (on Cyber Monday it is priced at .90). It features the White House and honors the administration of President Harry S. Truman. Last year's ornament doesn't depict the White House; instead, it features a bald eagle and honors the administration of President Franklin D. Roosevelt. It is selling on Amazon for .91.Is your political pal a big debater? There's a game for him or her: The Contender. Retailing for , this game allows players to become a presidential candidate on the debate stage.If the politics fans in your life love their coffee or hot tea, there are plenty of mugs with "warm" (sarcastic) messages, such as "What a time to be alive." For those who look up to the women on the Supreme Court, check out the "Squad Goals" mug.Bonus: Anyone who is a Ruth Bader Ginsberg fan will have no shortage of mugs featuring her face to buy on Amazon.Maybe you know a few people who aren't the biggest fan of President Donald Trump? If that's the case, there's a clock that counts down to the final day of his current time in office.But maybe the gift recipient is a HUGE fan of Trump: In that case, go for the life-size, cardboard cutout of the world leader himself. 1503