Bryce Covert
Bryce Covert
Journalist writing about the economy. Contributor at nytopinion and at thenation. Fantasy roller derby name: Ruthless Bader Ginsburg.Source
Brooklyn, NY, United States
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Social Welfare Is as American as Apple Pie

Social Welfare Is as American as Apple Pie

The United States was in a dilemma. The men had gone off to Europe to fight in World War II, but the country needed planes and guns. The ranks of childless women who could work in factories were running thin. As mothers were urged to go to work, however, the question arose: What to do with their children? As a lawmaker at the time warned, “[Y]ou cannot have a contented mother working in a war factory if she is worrying about her children, and you cannot have children running wild in the streets without a bad effect on the coming generation.”So the government leapt into action, creating a...

Feb 6
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Banks Stand to Make $18 Billion From CARES Act in Fees

Banks Stand to Make $18 Billion From CARES Act in Fees

Banks will make out with $18 billion in fees for processing small business Paycheck Protection Program relief loans during the pandemic, according to calculations by Amanda Fischer, policy director at the Washington Center for Equitable Growth, a progressive economic think tank.That’s money taken directly out of the overall $640 billion pot of funding Congress allocated to the program it created as part of the CARES Act. “If we did it through a public institution, there would be [more than] $140 billion left,” Fischer noted, as opposed to the $130 billion . The Washington Center for...

July 14, 2020
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When Nurses Strike—and Get Locked Out

When Nurses Strike—and Get Locked Out

Gene Johnson/AP Photo Swedish Medical Center nurses and other workers picket outside the hospital’s campus in Seattle, January 2020. On January 28, a group of nearly 8,000 nurses, technicians, and other employees of Swedish Hospital in Seattle, Washington, went on strike for the first time in the hospital’s history. Their union, SEIU Healthcare 1199NW, it’s the largest healthcare strike in at least five years.When the workers returned three days later to resume their work, however, many were turned away. Standing in cold, heavy rain, they were told they wouldn’t be let inside. Instead, the...

February 17, 2020
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Small Business Owners Asked to Sign Onto PPP Loans With No Guarantee of Forgiveness

Small Business Owners Asked to Sign Onto PPP Loans With No Guarantee of Forgiveness

Randy George had never laid anyone off in his 20 years running his bakery and café in Middlesex, Vermont. But after Vermont Gov. Phil Scott restaurants to slow the spread of the coronavirus, half of his sales disappeared virtually overnight. He’s had to put 28 of the staff of Red Hen Baking Co. on furlough. George decided to sign up for a loan through the Paycheck Protection Program, created by Congress’s CARES Act relief bill to help small business owners stay afloat. At first, the program was funded with $350 billion, an amount that about two weeks after it began; Congress is now working...

April 24, 2020
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How Kickstarter Employees Formed a Union

How Kickstarter Employees Formed a Union

earlier this year, Camilla Zhang wore a dress to work, one that made her feel particularly confident. She needed some confidence: That day was the culmination of more than a year of hard work trying to convince her coworkers at Kickstarter to form a union. Zhang, who worked at the crowdfunding site for artists and other creators recruiting new projects for its outreach team, joined about two dozen of her fellow organizers to go from the Kickstarter office in Greenpoint, Brooklyn, to the National Labor Relations Board regional office in lower Manhattan. When they arrived, they found a sealed...

May 27, 2020
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