Thursday, October 22, 2020

The $20 billion missing from this economy - Marketplace

Publisher: Marketplace
Twitter: @Marketplace
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Were you following this:

New jobless claims down, but so are unemployment benefits - Marketplace

Last week, 787,000 Americans filed first-time claims for unemployment benefits. The Labor Department also revised the previous two weeks downward, and that means since the beginning of October, we've seen fewer people filing new jobless claims each week than any time since the pandemic started in mid-March.

But tens of millions of Americans are still out of work. Millions of them are running out of unemployment benefits. And those still on the rolls are no longer getting $600 a week in extra federal payments that expired in late summer .

Publisher: Marketplace
Date: 2020-10-22T21:09:04-07:00
Twitter: @Marketplace
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Ultra-Rare AMC AMX/3 Concept Sells for $400,000 on Facebook Marketplace of All Places

Facebook marketplace has quickly transitioned from the internet's premier outlet to purchase a used deep-freezer to used car Mecca. There are plenty of vehicles for sale there nowadays, but surprisingly, some pretty rare stuff, like this 1970 AMC AMX/3 concept . Selling in a little under a day with an advertised price of $400,000, it's one of just nine ultra-rare AMX/3 concepts produced by American Motors Corporation half a century ago.

Correction: Thursday, October 22, 2020, 2:17 p.m. ET: A previous version of this story noted that the vehicle weighed somewhere around 3,500 pounds. It's actually closer to 3,000, with credible claims that 3,130 is the precise number (although the exact weight of seven low-volume concepts likely varies). Two of the vehicles—including the one sold in this listing—also received AMC's 360 V8, not the 390. This was not previously mentioned.

Publisher: The Drive
Author: Peter Holderith
Twitter: @thedrive
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Local Marketplace Makes Fresh Tamales From Scratch for the Holiday Season

Redlands Ranch Market greets the holiday season with a homemade tamale recipe made hot and fresh from the marketplace's kitchen which makes fresh Mexican food every day

REDLANDS, Calif. , Oct. 22, 2020 /PRNewswire/ -- The Redlands Ranch Market is a dynamic marketplace in addition to an authentic Mexican food advocate; as such, the marketplace is providing Redland residences with fresh tamales made from scratch this year. In fact, the marketplace has been cooking authentic Mexican food for so long, its tamale recipes have become a recurring hot commodity for the months leading to the end of the year into the new year.

Twitter: @Yahoo
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Other things to check out:

What would delayed election results mean for the economy? - Marketplace

It’s likely we won’t know who won the presidency on Election Day this year, and some people are concerned about the possibility of a contested election. Last week, Fitch Ratings wrote in a report that it will be watching the election for “any departure” from the U.S.’s history of accepting election results and the orderly transition of power.

Kai Ryssdal: So broad brush, lay it out for me. We have been told that we’re probably not going to know who won the election on election night. What do you think that means writ large for the American economy in the next two months?

Publisher: Marketplace
Date: 2020-10-22T20:30:56-07:00
Twitter: @Marketplace
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Why credit scores are up — for now - Marketplace

Millions of people are unemployed, food insecurity is on the rise, the economy is struggling and yet Americans' credit scores are going up. The average FICO score hit 711 in July, an all-time high since the company started keeping track.

A big part of the reason for that? More people have been able to pay their bills on time and pay down debt, which has a positive impact on credit scores, according to Ethan Dornhelm, vice president of scores and predictive analytics at FICO.

Publisher: Marketplace
Date: 2020-10-20T12:50:52-07:00
Twitter: @Marketplace
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What kind of housing does struggling Baltimore area need? - Marketplace

When Quanshay Henderson first moved into her small brick row house in Baltimore in March, the block was pretty deserted, with just a few occupied houses among the boarded-up vacants and overgrown empty lots.

Henderson, 28, was the first homeowner to participate in Black Women Build – Baltimore , a nonprofit group that buys abandoned houses, trains Black women to help renovate them and then sells the houses to the women at affordable prices.

And she said not having neighbors in those early days has been one of the biggest challenges — “not having people who understand what we're trying to do, not being able to talk to people.”

Publisher: Marketplace
Date: 2020-10-21T21:24:12-07:00
Twitter: @Marketplace
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