The guide issued by the US Secretary of Education. The US, Betsy DeVos, in late April instructed states to allocate more of federal aid to private schools, which some Democratic and Republican lawmakers and state leaders say goes against the intent of the law. DeVos said last week that he intends to formalize his guidance by moving forward with a …
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Consumer spending plummets as Americans accumulate cash amid coronavirus
US consumer spending plummeted last month when Americans accumulated cash during the coronavirus pandemic, new data shows. Personal consumption spending fell 13.6 percent in April, marking the biggest drop since the feds began tracking the figure in 1959, the United States Department of Commerce said on Friday. However, the U.S. savings rate rocketed to record levels as Americans racked up …
Read More »Coronavirus Lockdown 5.0: What is not open in Unlock 1: See list
Unlock1: Government has eased the blockage of the coronavirus New Delhi: The center has extended the coronavirus blockade in the containment areas until June 30. In a statement titled “Unlock 1” to indicate that the country, at least in commercial and economic activities, is slowly emerging from the coronavirus crisis, the government said that all services and activities except select …
Read More »PIA flight crashed ‘black boxes’ for examination in France
The recorders, commonly known as “black boxes,” were recovered after the flight, PIA 8303, crashed in a dense residential area adjacent to the Jinnah International Airport in Karachi on May 22, killing all but 99 people. board. The French civil aviation safety investigation authority, BEA, is the accredited representative for the Airbus 320 plane involved in the accident. A French …
Read More »Elon Musk Wins $ 775 Million Performance-Based Tesla Payout
Elon Musk is officially on the money. On Thursday, the Tesla CEO became eligible to cash in on a controversial payday that could lead to more than $ 700 million. The electric car maker he said in a presentation that his board had certified the operational milestone needed to unlock first prize in Musk’s stunning $ 50 billion pay package, …
Read More »Tiger in line to Captain US Ryder Cup team
“2009 AT&T National, Earl Woods Memorial” (CC BY 2.0) by chriswellner There have been few glitches in Tiger Woods’ illustrious playing career but when the multiple Major winner looks back at his time on the course, he may just have one small regret. Tiger is often cited as a solitary man on the greens and fairways but that single-minded outlook is one of …
Read More »For his 100th birthday, a World War II veteran is walking 100 miles to raise money for coronavirus relief
Mickey Nelson, 99, walks 100 miles through his small town of Clarks Grove in an initiative he has called “Walking 100.” Nelson, who turns 100 on June 27, said he was inspired to walk to raise money for coronavirus relief after reading the story about war veterans. Tom moore who raised over $ 37.4 million by walking 100 laps around …
Read More »The Fed will soon begin to “challenge” Main Street loans, Powell says
Federal Reserve Chairman Jerome Powell acknowledged on Friday that the Fed faces a major challenge with the launch in the next few days of a program that will lend to companies other than banks for the first time since the Great Depression. The Fed’s Main Street Lending is targeted at midsize companies that are too large for the government’s small …
Read More »Regulator DGCA orders probe after Air India Delhi-Moscow plane returns mid-way, pilot found positive coronavirus
International flights: Air India Delhi-Moscow flight returned midway after the pilot was found infected New Delhi: Aviation regulator DGCA will order a probe in a “span” after an empty Air India plane flying from Delhi to Moscow returned halfway when the pilot was found infected with coronavirus. The state airline ground team realized that the pilot was a COVID-19 patient …
Read More »Dow panics, then eases as tensions in China ease
The U.S. actions breathed a deep sigh of relief on Friday after President Trump’s harsh conversation with China did not include the announcement of new tariffs. The Dow Jones industrial average fell to 368.97 points, or 1.4 percent, to 25,031.67 before 2 p.m. from Trump. Press conference. That index closed just 17.53 points, at 25383.11, a drop of 0.07. The …
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