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Bank of England Governor Bailey denies outlook is optimistic, warns that parts of the economy are ‘not viable’ – CNBC

Bank of England Governor Andrew Bailey has denied suggestions that the central bank’s economic outlook is too optimistic in the wake of its latest monetary policy report.

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Bank of England Governor Andrew Bailey has denied suggestions that the central bank’s economic outlook is too optimistic in the wake of its latest monetary policy report.
The Monetary Policy Committee (MPC) on Thursday held interest rates steady and maintained its asset purchase program at existing levels, while noting a sharper-than-expected but uneven economic recovery so far. The Bank revised up its short-term growth projections, but warned that a full recovery will take longer than initiall…

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Facebook warns privacy rules could force it to exit European market – Ars Technica

Facebook official charges Irish regulators haven’t treated Facebook fairly.

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Enlarge/ Facebook’s European headquarters in Dublin.
89 with 79 posters participating, including story author
Facebook has warned that it could be forced to pull out of the European market if European regulators push forward with limits on data sharing between the European Union and the United States.
Until this year, an arrangement called Privacy Shield allowed US technology companies to move data easily between the two jurisdictions. But Europe’s highest court nixed that arrangement in July…

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CDC scandal gets worse: This is why Trump can’t be trusted with a coronavirus vaccine – Salon

Even if there’s a safe vaccine someday soon, Trump will definitely find a way to screw it up completely

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September has featured one scandal after another stemming from Donald Trump’s belief that the best way to handle the coronavirus pandemic is to let a bunch of people get sick and die, and then deny that it’s happening. First, journalist Bob Woodward started to releasing recordings in which Trump said he “wanted to always play it down” and admitted he had deliberately lied to the public about how serious this virus really is. Then, in a town hall for ABC News, Trump confessed that his real strate…

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Delta will delay decision to furlough pilots until November, union says – CNBC

Delta will delay the decision to furlough pilots until November an effort to give time to push for more federal aid and negotiate cost-cutting measures with the…

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Delta Air Lines has agreed to delay the decision to furlough close to 2,000 pilots until Nov. 1, giving more time to negotiate cost-cutting measures and lobbying for additional federal aid, their union said Tuesday. 
Delta had planned to furlough more than 1,900 of its 13,000 pilots as early as Oct. 1, when the terms of billions in federal coronavirus aid that prohibit airline job cuts expires. Delta has largely avoided furloughs of its staff after thousands took buyouts and leaves of absence a…

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