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Binyamin Appelbaum
@BCAppelbaum
I write about business and economics for @nytopinion. If you like these tweets, try my book, The Economists' Hour: bit.ly/3F9vFGF
Washington, DC
Joined November 2009
Posts
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    The part where Senator Loeffler invested in a work-from-home company is the part that just f cking kills me.
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    Honestly it's hard to construct a better metaphor for the Trump administration than the fact that the United States is now bombing its own military bases.
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    Well, there it is. The Senate just voted 80-15 to force railroad workers to accept a new contract that does not provide sick leave.
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    What needs to be fixed? They're registered offshore to avoid paying U.S. taxes. Why on earth would we pay them? They can ask Bermuda or Liberia for a bailout.
    NEW: Cruise industry not confident it could borrow from any of the existing loan programs bc of offshore registration. Sr. admin official says bipartisan Senate grp working to ensure they can access one of the facilities--or else will seek a legislative fix in the next package.
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    Replying to @BCAppelbaum
    The Democratic Party, which took both chambers and the White House in 2020 promising to pass a law that strengthens collective bargaining, just demolished collective bargaining in one of the few industries that still had it. Quite a legacy.
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    One thing that should be way high on the priority list if the Dems retake the WH and the Senate: Increase IRS funding by, say, 10x and make sure every rich person in this country is actually paying what they owe.
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    The correct way to phrase it is "Sen. Kyrsten Sinema does not support the voting rights bill."
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    The measure of a healthy economy is not the availability of a limitless supply of people willing to work for $2.13 an hour plus tips.
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    The bill that the House passed last night only guarantees paid coronavirus sick leave to ~20 percent of American workers. I repeat: Most workers still aren't guaranteed paid sick leave.
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    Jonas Salk refused to patent the polio vaccine. Asked who owned his discovery, he responded, “Well, the people, I would say."
    ‼️ Azar refuses to promise a coronavirus vaccine will be affordable for anyone: "We would want to ensure that we work to make it affordable, but we can't control that price, because we need the private sector to invest.. Price controls won't get us there."
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    2020: Will democracy survive? 2021: What, exactly, is the definition of infrastructure? This is what progress looks like, folks. Savor it.
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    A big reason the Senate can't pass a bailout bill is that Republicans are refusing to require big companies that get bailouts to refrain from firing workers or imposing pay cuts. Also, Republicans are opposing the expansion of unemployment benefits for workers who do get fired.
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    Congratulations to everyone participating in this inane debate about a problem that doesn't exist because YOU CAN'T GET UNEMPLOYMENT BENEFITS BY LEAVING YOUR JOB VOLUNTARILY.
    Replying to @mkraju
    The senators' fear, the source says, is that some workers would see the enhanced unemployment benefits as an incentive to leave their jobs. But proponents say that the enhanced benefits are only temporary -- and do not outweigh the significant benefits people get by holding a job
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    CONFIRMED: The White House has directed all West Wing staff to wear masks at all times in the building, except when they are at their own desks.