New York regulators slapped Deutsche Bank with a $150 million fine Tuesday over the bank’s relationship with accused sex-trafficker Jeffrey Epstein. The penalties — which also relate to Deutsche Bank’s ties to scandal-ridden financial institutions Danske Bank Estonia and FBME Bank, — are the first enforcement action by regulators against a bank for dealings with…… MORE
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Trump to travel to coronavirus hotspot to talk South America drug trafficking
President Donald Trump is expected to travel to Doral, Florida, later this week, landing squarely in the center of a coronavirus hotspot and taxing the already limited local health resources. Despite the raging coronavirus pandemic, Trump will turn his attention Friday to the issue of drug trafficking in South America, visiting US Southern Command for…… MORE
Women, young people and low earners are getting hurt most by jobs crisis
The jobs crisis created by the pandemic will last years. That’s according to a new report from the Organization for Economic Cooperation and Development, which said Tuesday that unemployment is far worse than what followed the 2008 financial crisis and will persist at elevated levels at least until 2022. The Paris-based agency encouraged countries to…… MORE
How Trump is using the pandemic to crack down on immigration
The Trump administration’s changes to the US immigration system during the pandemic have been swift and sweeping. Many measures were initially billed as temporary but have been extended repeatedly as coronavirus continues to spread. And it’s likely there’s more to come as the 2020 election looms. The latest change came on Monday, when Immigration and…… MORE
What you need to know about coronavirus on Tuesday, July 7
The number of new coronavirus cases recorded daily in the United States has doubled in the span of a week and a half. Asked about the surge in cases, Dr. Anthony Fauci dismissed the idea that the US is experiencing a second wave of the pandemic. “We are still knee-deep in the first wave of…… MORE
“MLS is Back Tournament” rolls on despite coronavirus concerns
It’s been dubbed the “MLS is Back Tournament,” but amid a global pandemic the resumption of club soccer in the US will take place without one team and one of Major League Soccer’s star players. With 10 players and one staff member testing positive for Covid-19, MLS has pulled FC Dallas out of the competition,…… MORE
Masks are effective only if you wear them properly. Here’s the right (and wrong) way
So, about masks — they do next to nothing if you don’t wear them properly. Yep, even the cloth coverings touted as the best thing since social distancing have instructions. We’ve laid them out below, based on guidance from the Centers for Disease Control and Prevention and the World Health Organization. And remember: Masks are…… MORE
Fact-checking Trump’s claims that US coronavirus death rate is the lowest worldwide
As hospitals deal with a resurgent coronavirus outbreak, White House officials and the President himself continue to tout the country’s alleged success at addressing the virus. In an interview with Fox News on Monday, White House Press Secretary Kayleigh McEnany implied that the US response to coronavirus should not be viewed so harshly when compared…… MORE
The ugly truth about millions of American jobs: They are not coming back
The American economy’s unprecedented jobs rebound masks a difficult truth: For millions of people, the jobs they lost are never coming back. “It’s clear that the pandemic is doing some fundamental damage to the job market,” said Mark Zandi, chief economist for Moody’s Analytics. “A lot of the jobs lost aren’t coming back any time…… MORE
The recession will scar Gen Z. And it could be even worse for Black youth
Adraint Bereal was preparing for his end-of-semester thesis showcase a few months ago, gearing up for a summer internship at an ad agency in New York. A 22-year-old recent graduate of the University of Texas at Austin, Bereal is the first in his family to attend college, and he was intending to use his design…… MORE
