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More than one in three Americans have delayed a life event or financial milestone because of the COVID-19 pandemic, according to a new survey.Bankrate surveyed about 2,500 Americans in late June. They found 36 percent of participants admitted they have delayed getting married, having a child, buying a home, retiring or another major financial life step.Of those who delayed buying a home, they expect the delay to last six months or longer. Of those delaying buying or leasing a car, 48 percent said their decision could be delayed 6 months or longer.This data matches other financial and job market indicators that the country is in a recession and a rebound could take time.In the survey: 11.6 percent said they are delaying finding a new job, 11.3 percent are delaying buying or leasing a new car, 8.6 percent are delaying buying a home, 7.1 percent are delaying furthering their education, 4.8 percent are delaying having children, 4.5 percent are delaying getting married and 4.5 percent are delaying retirement.As for how the respondents’ situation was since the pandemic started, 29 percent said their financial situation has worsened since the beginning of the year. 1184
MINNEAPOLIS, Minn. – The death of George Floyd in Minneapolis, Minnesota, put a national spotlight on systemic racism and social inequities. Just a few weeks later, the state’s unemployment rate for people of color is further hitting home how real and current those issues are.“It’s really shocking that number is the way that it is,” said Kimberly Jones.Jones is an African American woman and was a Minnesota-based flight attendant recruiter, who lost her job in March.According to data from Minnesota’s Department of Employment and Economic Development, she is a part of the half of all Black workers in the state who have lost their jobs and have had to file for unemployment during the past five months. Right now, Black workers in Minnesota are almost three times as likely to still be unemployed, compared to white workers. That’s significantly higher than the national average, which also shows Black workers across the country struggling with unemployment at a higher rate than white workers.“We have been suffering and going through this kind of social inequity for so long,” said Jones. “It is sad to say you almost get used to the norm. I get used to the redlining. I get used to not being able to get a job. I get used to the discrimination. My hope is that with everything that has happened together the way that it has, it will begin to shed light on things that absolutely have to change.”The issue of people of color having disproportionately higher unemployment in Minnesota and around the country is not a new issue or one just isolated to this economic downturn, according to experts like William Rodgers with Rutgers University. Rodgers is the Chief Economist and a Professor of Public Policy at Rutgers’ Edward J. Bloustein School of Planning and Public Policy.“The big concern there that I have is that this is potentially writing the same rules we have seen in previous recessions,” said Rodgers. “African Americans, Latinos, and other groups, but especially African Americans, they are the first ones to be fired and they are the last ones to be hired when there is a recovery.”Given the recent national awareness and concern over systemic inequities for people of color, there is action being taken to change the course of history this time.“Employers need deep help in addressing the institutional racism that exists within their walls and to determine really what kind of actions they can take to really start to create new policies and practices and new ways of being as it relates to how they hire talent,” said Towanna Black.Black is the Founder and CEO of Minnesota’s Center of Economic Inclusion. Her organization recently created several new positions to help private companies and other employers address their role in this inequity and unemployment disparity.“We do an assessment upfront that helps employers understand, almost across 200 dimensions, what is happening inside your business and how those policies and practices either help your employees move forward economically or hold them back,” said Black. “We are glad to say that employers, not only in Minneapolis/St. Paul but across the country are reaching out.”While employers work on change, someone like Jones has changed her mind about returning to the workforce that historically has worked against her and other people of color. She has instead decided to work on a nonprofit passion project, turning her home into a shelter for woman called The Genesis House Service Corporation. 3489
MILWAUKEE – Drivers for the Milwaukee County Transit System admit they see some strange things along their routes. But this week, one driver could not believe his eyes when he saw a chase — between two animals -— unfold right in front of his bus in Milwaukee's Riverwest neighborhood. Bus surveillance camera shows a coyote sprinting down Holton Street – being chased by a small black cat.The coyote was a surprising enough sight for the bus driver – but the cat made the moment “a first” for the transit system. The Milwaukee County Transit System released the video on their Facebook page and said: 661
Months after COVID-19 forced an unprecedented global shutdown that set the stage for historic job losses, things are starting to go back to normal.Unemployment appears to be improving – at least at surface level. The monthly unemployment rate declined in May and the economy added an estimated 2.5 million jobs that month.But there’s a disparity these reports don’t highlight – what unemployment looks like right now for people of color.In May, unemployment was highest among Latinx workers, at 17.6%. In the same month, Black unemployment reached 16.8%, its highest level in a decade. Asian unemployment also rose in May, to 15%.You start to see disparities when you bring in white unemployment. In May, it dropped 2.5% to 12.4%. That’s the biggest monthly drop – and lowest monthly rate – of any group.Experts say career distribution can help explain some of the disparities. People of color fill a disproportionate number of jobs in retail and hospitality. Those jobs were some of the first to be cut as the new coronavirus spread.But people of color also fill a big portion of jobs like grocery clerks and cooks. Those jobs, which are considered “essential” right now, traditionally don’t pay much and have been considered most expendable in past economic downturns.With Black workers earning the lowest median income of any group in the United States, experts worry any cuts to the currently “essential” workforce would have a disproportionate impact.Beyond the pandemic, numbers show Black unemployment is consistently higher than white unemployment. There’s been progress, though. The gap has been narrowing since the great recession and reached a low point in late 2019. 1686
MOSCOW — Russian opposition politician Alexei Navalny is in a coma in a hospital in Siberia after falling ill from a suspected poisoning.His spokeswoman, Kira Yarmysh, said Navalny felt unwell on a flight to Moscow and the plane made an emergency landing.Yarmysh said Navalny lost consciousness and must have consumed poison in tea he drank before boarding his flight.Russia’s state news agency Tass reported the politician is in grave condition.He is the most prominent member of Russia’s opposition and has set up a network of campaign offices across Russia to put forward opposition candidates in regional elections, challenging members of Russia’s ruling party.Several politicians and other prominent critics of President Vladimir Putin have been poisoned in recent years.In 2018, former Russian spy Sergei Skripal and his daughter, Yulia, were found to have been poisoned in Salisbury, England.In 2012, Alexander Perepilichny — a prominent Russian businessman and whistleblower, died while jogging of suspected poisoning, and in 2004, journalist and Putin critic Anna Politkovskaya survived a poisoning on an airplane, only to be shot to death two years later. 1173