CBO projects higher unemployment, slow exit from inflation
The Congressional Budget Office said Wednesday that it expects the U.S. economy to stagnate this year with the unemployment rate jumping to 5.1% — a bleak outlook that was paired with a 10-year projection that publicly held U.S. debt would nearly double to $46.4 trillion in 2033.
Helping homeowners: California expands mortgage relief
Angela Morrow was only eight months into a new career as a flight attendant when she was laid off from her job due to the COVID-19 pandemic, putting her at risk of losing her three-bedroom, two-bathroom home in San Bernardino County.
Disney to cut 7,000 jobs in Iger’s company ‘transformation’
The Walt Disney Co. will cut about 7,000 jobs as part of an ambitious companywide cost-savings plan and “strategic reorganization” announced Wednesday by CEO Bob Iger.
Driver in strange Tesla crash apparently moved to rear seat
Investigators from the National Transportation Safety Board apparently have solved the mystery of why no one was found behind the steering wheel of a Tesla that crashed in a Texas two years ago, killing two men.
Storms showed failure of California programs to assist the homeless
The spate of heavy rainstorms that swept across California during January’s early weeks exposed a lot of problems: weak bridges, inadequate reservoir capacity, poor drainage on many city streets and helplessness in the face of inevitable mudslides, to name just a few.
