Tag Archives: business-washingtonpost

Payroll tax holiday is first shot in a class and generational war 

The president said he’ll eliminate Social Security taxes next year, should he be reelected — and that would likely mean the end of the federal entitlement system as we’ve known it.

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TVA backtracks after Trump’s demand that it rehire some of its dismissed tech workers 

The Tennessee Valley Authority rehired more than 100 employees just three days after President Trump singled out the federally owned utility for outsourcing those jobs and blasted its CEO over his “ridiculous” pay package.

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Trump orders government to ‘buy American’ for certain drugs 

The administration said President Trump issued the order to plug gaps in the medical supply chain that have been revealed during the coronavirus crisis.

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Amazon’s virus stumbles have been a boon for Walmart and Target 

Shipping delays and out-of-stock items meant online shoppers turned to other retailers, including Walmart and Target, whose networks of brick-and-mortar shops suddenly became an advantage for picking up and shipping e-commerce purchases quickly.

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Apple, with a bet on streaming, gets a shock from the Emmys. Disney gets a boost. 

Apple had spent $150 million to produce “The Morning Show,” which was thought to be a lock for outstanding drama. But Baby Yoda prevailed, underscoring how streaming has upended the old rules of television and its line between prestige and commercial entities.

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Coronavirus child-care crisis will set women back a generation 

The child-care crisis resulting from coronavirus pandemic could have long-lasting consequences for women.

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Goodbye, jeans. The pandemic is ushering in an era of comfort. 

Denim sales have fallen sharply amid the coronavirus crisis, with brands like True Religion and Lucky filing for bankruptcy, and Levi’s revenue tanking.

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Uber and Airbnb publicize diversity hiring targets 

Shining light on such goals is a controversial step companies are taking in response to pressure to hire more people of color.

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New U.S. dietary guideline recommendations take aim at sugar for children and adults 

Nutrition experts advising the government’s 2020 Dietary Guidelines for Americans are taking aim at sugar-sweetened beverages and added sugars.

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Reeling from the loss of gas tax revenue, states are deferring billions of dollars of transportation projects 

State transportation departments say $50 billion is needed to prop up their already shaky infrastructure.

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Deutsche Bank fined $150 million for relationship with Jeffrey Epstein, other lapses 

New York regulators faulted the German bank for what it called a series of procedural failures and mistakes in its handling of the billionaire investor’s accounts.

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Black women say Pinterest created a den of discrimination 

Ifeoma Ozoma and Aerica Shimizu Banks claim they were underpaid, faced racist comments, and were subject to retaliation for raising complaints. Other women are now coming forward with their own allegations of bias.

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Treasury, SBA appear to miss deadline to disclose small business loan data 

The missed target date is a setback in the administration’s promises to be transparent about one of the largest economic stimulus packages ever created by the federal government.

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If you get an IRS letter that says your tax payment is overdue, don’t panic 

The IRS is extending payment deadlines because of the pandemic.

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Another 1.48 million people filed for jobless claims last week, as the strain of the pandemic on the economy continues 

More than a million people have filed for unemployment each week since mid-March. The continued high level of jobless claims raises questions about whether steep job losses could last longer than hoped, economists have said.

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