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Today is the 19th anniversary of the 9/11 attacks. Our thoughts are with all those affected by the tragic events of that day.
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The Story
Say goodbye to yet another coronavirus relief bill.
What happened?
Yesterday, the Senate failed to pass its $500 billion proposal. The bill – while smaller than the over $2 trillion CARES Act that Congress passed six months ago – would have let some small businesses apply for a second loan under the Paycheck Protection Program. It also would have provided an additional $300/week in unemployment benefits (instead of the previous $600/week under the CARES Act). Plus it included $105 billion to help reopen schools, and would've let the US Postal Service – which has been crippled by the pandemic – off the hook for repaying a $10 billion loan. But yesterday, not a single Democrat voted in favor of it.
And that's because…?
They said it didn't go far enough to help Americans. Reminder: the House passed its $3 trillion relief package back in May. It included another round of stimulus checks (up to $1,200 for individuals) – something the Senate didn't include in its bill but President Trump has said he's open to. It also allotted $1 trillion for state, local, and tribal governments and $200 billion in hazard pay for essential workers. But Republicans said 'no thanks,' calling it a "liberal wish list."
So where do things stand now?
It's unclear. Neither party seems to want to budge on what they think should be included in a relief package. While Trump's been singing 'I gotta go my own way' to provide some type of relief, the funds he approved for additional unemployment benefits through an executive order are running out. And Fed Reserve officials have warned Congress that it needs to help Americans financially...or the economy and unemployment numbers could get worse.
theSkimm
Not much has changed since the last stimulus package: the pandemic is still ongoing, jobless numbers are still high, and people still have bills to pay every month. And at this rate, it seems the chance of getting a relief package before the November election is slim to none.
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Where alarm bells are still ringing...
The West Coast. California, Oregon, and Washington are still battling more than 100 fires that have killed at least 15 people. State officials (like CA's and OR's governors) have said climate change is causing the record-breaking wildfire season. And experts are saying 'you're not wrong.' They point to extreme weather (like heat waves) that's creating dry conditions, fueling these wildfires. And say this pattern isn't going away anytime soon. This week's episode of "Skimm This" has more on that.
Lebanon. Yesterday, a huge fire broke out in Beirut's port – the same place where a massive explosion (caused by the detonation of nearly 3,000 tons of ammonium nitrate) killed nearly 200 people last month. No one was injured in yesterday's fire, but plumes of black smoke and flames created panic and sent people running to safety. Officials said the fire's been extinguished, and its exact cause is under investigation. But some may be worried that they won't get a straight answer from the gov, which has been accused of mismanagement and has yet to hold anyone accountable for last month's deadly blast.
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What's saying 'get off my LAN'...
Microsoft. Yesterday, the tech giant said Russian, Chinese, and Iranian hackers have tried to carry out cyberattacks in an effort to tap into this year's election. And that they each appear to have their targets: China is zeroing in on the Biden campaign and Iran's taking aim at Trump's. Meanwhile, Russia has targeted more than 200 orgs in connection to the election. The report is consistent with recent intel reports on foreign interference in the 2020 election. Microsoft says there's no evidence the hackers have been successful...for now.
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What's got people singing 'fly me to the moon'...
NASA. Yesterday, the space agency said it's hiring companies to get down and dirty...as in, collect rocks and dirt from the moon. It's part of NASA's Artemis program – which aims to explore the moon and eventually go to Mars. It could cue up some controversy in the galaxy since no country can claim the moon or planets (see: the Outer Space Treaty). But NASA's saying 'don't go down that black hole,' adding it'll fully comply with the treaty's rules.
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Who's moving up in the big Citi…
Jane Fraser. She's poised to become the first woman to lead a major Wall Street bank when she starts her new role as CEO of Citigroup next year.
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"Transcendent Kingdom" by Yaa Gyasi
This week, we're partnering with Book of the Month to bring you an exclusive Skimm Read. Join Book of the Month now to get a copy for only $9.99. And then pick from five books every month to get one delivered right to your door. Find out more here.
Calling all fans of "Homegoing." In Gyasi's second novel, we meet Gifty, a Ghanaian-American PhD neuroscience candidate. Her brother died from an opiate overdose at 16, and her mother is depressed. As Gifty tries to use science to understand her family's losses, she starts to grapple with the evangelical church where she was raised. This powerful book covers faith, science, religion, and love. Don't miss it.
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(Some) Birthdays...Will Schragis (NY), Bonnie Tisch (NY), David Gelles (NY), Pamela Stevens (DC), Peter Kane (NY), Casey Labbancz (NY), Michael Melnitzky (NY), Sriram Krishnan (CA), Colin Greebel (NY), Joe Yiu (NJ), Chelsey Weiss (NY), Will Preziosi (NY), Nicole Erickson (AZ), Mayuri Patel (CT), Miranda Hutchings (OH)
*Paging all members of theSkimm. Reach out here for a chance to be featured.
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Skimm’d by Maria del Carmen Corpus, Mariza Smajlaj, Ellen Burke, Maria Martinolich, Niven McCall-Mazza, and Clem Robineau
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theSkimm50 West 23rd Street, Suite 5B; New York, NY, 10010, United States Update Profile
