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Louisiana Officials Reveal Unemployment Fund Can Only Last 16 Weeks At Current Rate Of Spending

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Things are beginning to look dire for the state of Louisiana economically speaking as the coronavirus and the subsequent shutdowns designed to help slow the spread of the disease ravage the state’s unemployment fund, which officials are now saying will only last a total of 16 weeks at the current rate of spending.

Louisiana’s unemployment fund has about $840 million in it, so the fact they are this close to being completely depleted should tell you just how bad the economy is doing right now without things being opened and production increased.

While officials released this information, they also stated that things are in flux and could change at any moment, especially if there is an infusion of federal dollars into the fund.

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The Louisiana Workforce Commission paid 103,000 people $153 million in unemployment benefits last year, LWC Executive Director Ava Dejoie said. Since March 21, the LWC has paid 400,000 people about $1.4 billion, including $323 million in state dollars, she said.

The federal government has sent money to states to enhance unemployment benefits in hopes of stimulating the economy and providing pandemic-related assistance to workers who might not otherwise be eligible. But the state’s fund still covers standard unemployment benefits to workers whose employers have paid into the system.

According to the U.S. Department of Labor, 40,268 Louisiana residents filed new unemployment claims last week, compared to 50,941 the previous week. In a typical week, the number is less than 2,000. About 325,000 people currently are receiving benefits.

Gov. John Bel Edwards has allowed employers to put off paying unemployment insurance taxes, but a lot of company owners have been doing it anyway. Collection of funds is only down roughly 9 percent compared to what was taken in last year. We’ll have to wait and see if that trend will continue into the second and third quarter this year, as that number will be drastically impacted by whether or not folks are able to get back to work or not.

This is why folks are pressing so hard to reopen state economies. Our current trajectory is unsustainable. Anyone with even a rudimentary understanding of economics knows this is true. It’s time to start getting back to work and taking whatever precautions we can in the mean time.

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Russia Announces Military Movement Meant to Intimidate USA

This war of words just added a whole lot of weapons.

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US President Joe Biden, perhaps in a continuation of a theme installed during his reluctant 2020 campaign, is now engaged in a fairly obvious feud with Russian President Dictator Vladimir Putin, and it could put US troops in harm’s way in the coming days. You see, Biden was selected as the nominee by the Democratic Party, against what appeared for all intents and purposes to be his wish of staying out of it.  They believed that he could run as simply “not Donald Trump” and win, so, at each and every turn, his public relations team made sure to instill stark differences between the two old white guys running for President. If Trump wanted a border fence, Biden didn’t.  If Trump wanted to cut taxes, Biden would want to raise them.  If Trump liked cats, Biden liked dogs. And, apparently, if Trump had a functional relationship with the Kremlin, Biden would not. Now, after days of Moscow and Washington sending not-so-subtle threats in the direction of one another, Russia just went ahead and brought the guns out. Two missile ships – the Graivoron and Vyshny Volochek – are taking part in sea-level and aerial target practice alongside the missile hovercraft Samum while accompanied by frigate Admiral Makarov and mine-sweeping ship Ivan Golubets, the Russian navy’s Black Sea fleet command said. Meanwhile the first of two US warships – thought to be destroyers USS Donald Cook and USS Roosevelt – are expected to arrive in the Black Sea today, despite Russian warnings to keep them away ‘for their own good’. Ukraine announced it was also holding its own land-based drills with infantry and tank units rehearsing their defence against a tank and troop attack along the border with annexed Ukraine. Tensions between the two countries remained high today as Moscow showed no…

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Surgeon General Says They ‘Don’t Know’ if J&J Vaccine Caused Blood Clots

This certainly isn’t going to bode well for vaccine hesitancy.

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As Americans prepare to pull themselves out of this coronavirus nightmare, and drag our economy back to the table while they’re at it, experts have long suggested that mass vaccinations could be the key to jumpstarting this much-needed reboot. This is no small task, of course, with research and development being rushed by Big Pharma to make way for the government to get involved in distribution.  That’s the sort of sentence that makes many Americans shudder with fear, knowing that neither of these gargantuan entities have a tendency to look out for the little guy. So, when the CDC announced earlier this week that they were suggesting a pause in the use of a COVID-19 vaccine made by J&J, all on account of some rare but scary side effects, many of us wondered if this would be a set back the threatens our national recovery plan. As if the vaccine’s side effects weren’t enough of an issue, the US Surgeon General, Dr. Vivek Murthy, has suggested on CNN that health experts aren’t even sure if the vaccine had anything to do with the reported maladies. Murthy said, “[W]hat we are trying to figure out right now is whether these unfortunate cases of clots are, in fact, related to the vaccine itself.” Murthy said, “So, the reason to pause, Anderson, there are a couple of reasons: One is to do the investigation quickly, to understand whether there’s a connection between the vaccine and the adverse events. But there’s another reason as well to pause, which is to give us time to speak to the medical community, to doctors, nurses, and others who are taking care of patients so we can enlist their help in looking for the kind of symptoms we may be concerned about and then have them report it.”…

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