Connect with us

Economy

Schumer: ‘If We Don’t Open Up The Schools, You’re Going To Hurt The Economy Significantly’

Published

on

Screen Shot 2020 08 07 at 2.19.43 PM

In a seeming change of heart, Minority Leader Chuck Schumer (D-NY) said if the nation doesn’t reopen its schools, the economy will be significantly hurt. This comes just four days after the senator tweeted saying schools should reopen only after the federal government gives them more funding — which would greatly delay reopenings and in his own words, hurt the economy.

Schumer tweeted on August 3 that if we want schools to reopen and teachers and students to be safe, “we need MORE federal funding for EVERY school.”

Republicans and Democrats are in heated negotiations on Capitol Hill about what this school relief bill and stimulus will look like — and per usual the talks are not reaching solutions quickly.

Just yesterday, House Speaker Nancy Pelosi (D-CA) said the talks are delayed as the Democrats and Republicans “are very far apart — it’s most unfortunate.”

Schumer himself said “we are very disappointed in the meeting…They were unwilling to meet in the middle,” as reported by Fox 59.

Yet, Schumer said today we must reopen our schools to avoid serious economic consequences. The comments can be seen in the below video starting at 4:41.

“What is one of the biggest problems facing us in the next month,” Schumer asked. “Schools. Opening up the schools safely.”

Schumer explained the impact on teachers and the economy. “You’re going to hurt the economy significantly because lots of people can’t go to work,” he said in today’s news conference.

President Donald Trump has been advocating for the safe reopening of schools for weeks, citing the economic and educational consequences our nation and students will face if we continue to wait for Congress to reach an agreement.

https://twitter.com/realDonaldTrump/status/1290257055534551043?s=20
https://twitter.com/realDonaldTrump/status/1290488364362170371?s=20

If Schumer sees the grave consequences of not reopening as well as how slow talks are going, what is he waiting for?

You may like

Continue Reading

Economy

Chevron downsizes global San Fran headquarters, paying for employees to move to Texas office

Published

on

GettyImages 1238567912 scaled

Oil giant Chevron made a huge announcement saying it will be closing its current global headquarters in San Ramon, California. Even more telling, its encouraging employees to move to Houston, Texas.

The San Francisco Gate reported “the oil company will cover relocation costs for those voluntarily leaving for the Texas office, which has been growing and employs nearly 6,000 people. Meanwhile, the San Ramon office buildings have experienced dwindling numbers in recent years.”

Although the company is not leaving the state completely, “company leadership has pushed for a permanent move to Texas in the past” adds SFGATE. Chevron, which has had “deep roots” in California going back to the late 1800s, will vacate its 100-acre campus in 2023.

The Wall Street Journal reports the business hopes to move into a smaller space in San Ramon, which will remain its headquarters. A company spokesperson told SFGATE “the current real estate market provides the opportunity to right-size our office space to meet the requirements of our headquarters-based employee population.”

“The move is expected to occur during the third quarter of 2023” they continued. “Chevron will remain headquartered in California, where the company has a 140-year history and operations and partnerships throughout the state.”

The SFGATE notes Chevron is one of “the East Bay’s legacy companies joining the trend” to move their headquarters out of the area in recent years. Tech companies such as startups like Coinbase to industry pioneers like Hewlett Packard and Oracle have all vacated, with Elon Musk having been “one particularly outspoken voice decrying California’s business conditions.”

You may like

Continue Reading
Advertisement

Trending Now

Advertisement

Trending

Proudly Made In America | © 2022 M3 Media Management, LLC