For those retailers or sellers who are looking for a marketing hook beyond tax refund checks, the enactment of what has been billed as “COVID-19 relief legislation” under what is deemed by many as the inappropriately called “American Rescue Plan.”
It sounds like ‘free money,’ which is popular. But it is borrowed money that is expected to raise inflation and thus costs.
Direct deposits from the $1.9 trillion COVID-19 relief legislation signed into law by President Joe Biden on Thursday will come as early as this weekend, White House press secretary Jen Psaki said.
With the signing of the stimulus bill, Biden commemorated the one-year anniversary of a U.S. lockdown over the coronavirus pandemic with a measure designed to bring relief to Americans and boost the economy.
“People can expect to start seeing direct deposits hit their bank accounts as early as this weekend. This is, of course, just the first wave,” White House Press Secretary Jen Psaki said, per Newsmax. Payments to eligible Americans will continue over the course of the next few weeks.
Roughly 160 million households are expected to get payments, per White House estimates.
AP said that the bill includes an expanded child tax credit of up to $3,000 per child, or $3,600 for each child under age 6. The Internal Revenue Service (IRS) will pay part of that in monthly installments of $250 or $300 from July through December, adding a benefits distributor role to the revenue collection agency’s responsibilities.
The hit from the political right is that 91 percent of this bill is not about direct relief payments to citizens. There are billions in bailouts to blue states and support for Democratic interest groups. As MHProNews has been noting on our closing Dow graphic in recent weeks, bills like this will likely lead to increased prices. Gas and food prices are already rising, and other energy costs are expected to follow.
Before pressing on to tonight’s featured focus and for the benefit our growing numbers of new readers, a few quick evening/nightly market report insights.
- Every business evening, MHProNews provides a bullet list of left-right news headlines from CNN and in a matter of moments, savvy professionals can see at a glance news headlines and views across the political spectrum.
- This is a time saving and insightful way to quickly grab insights from across the left-right divide for those who are hooked on this market-nightly feature.
- Our featured focus follows the quotable quotes, periodic political cartoons, those left-right headlines, and two of our three market summary graphics as reported at the closing bell.
- After the featured focus, are some recent/related report links and the third manufactured housing focused stock equities graphic. There are some additional items that include the free signup for the manufactured housing industry’s x2 weekly emailed news to the most-read trade publication in our profession:
On a day that saw manufactured home connected equities broadly rise again, let’s press ahead toward the focus on unemployment benefits under the new plan and 5 jobs related charts from CNN.
Quotes That Shed Light – Industry, American, Social, National Issues
Headlines from left-of-center CNN Business
- FUERSTENWALDE, GERMANY – SEPTEMBER 03: Tesla head Elon Musk arrives to have a look at the construction site of the new Tesla Gigafactory near Berlin on September 03, 2020 near Gruenheide, Germany. Musk is currently in Germany where he met with vaccine maker CureVac on Tuesday, with which Tesla has a cooperation to build devices for producing RNA vaccines, as well as German Economy Minister Peter Altmaier yesterday.
- Elon Musk lost $27 billion last week as tech stocks got hammered…
- … but he made nearly all that back on Tuesday
- Warren Buffett is now worth $100 billion
- MacKenzie Scott remarries after Jeff Bezos divorce
- Billionaire invites 8 people to join him in space
- MEGHAN AND HARRY
- UNSPECIFIED – UNSPECIFIED: In this handout image provided by Harpo Productions and released on March 5, 2021, Oprah Winfrey interviews Prince Harry and Meghan Markle on A CBS Primetime Special premiering on CBS on March 7, 2021.
- Patio chairs at center of Meghan and Harry interview sell out online
- Co-host blasts Piers Morgan over Meghan comments
- Meghan complained to ITV about Morgan’s comments
- Piers Morgan leaving show after storming off set
- 7 lessons from Harry and Meghan’s Oprah interview
- What comes next
- NEW YORK, NEW YORK – MARCH 05: A view of the skyline with The Trump Tower and Federal Hall on Wall Street in Downtown Manhattan on March 05, 2021 in New York City.
- Suspense builds on Wall Street over expiring Covid relief for big banks
- Wall Street: The Dow and S&P 500 soar to record highs
- Stimulus: How to invest in America’s nearly $2 trillion shot in the arm
- PPP: What’s in the $1.9 trillion rescue plan for small businesses
- One year later: 5 charts show the pandemic’s brutal impact on US workers
- Ramping up: ECB will buy bonds at a faster pace to keep the recovery on track
- Analysis: The world went on a debt binge last year. Here comes the hangover
- More supply: CVS expands Covid-19 vaccine to 12 more states
- OTHER TOP STORIES
- FILE — Timnit Gebru, a respected researcher at Google, in Boston, Dec. 29, 2017. Gebru said she was fired by the company after criticizing its approach to minority hiring and the biases built into today's artificial intelligence systems.
- How the exit of Timnit Gebru shook Google and the AI industry
- Massive hack disrupts Molson Coors brewing
- Jeep’s new $100,000 Grand Wagoneer takes on Mercedes and BMW
- Netflix may crack down on password sharing
- Canoo unveils what might be the world’s cutest electric pickup
- Uber and Lyft to share names of drivers deactivated over sexual assault, other serious incidents
- Ace will help you find a stranger to watch your kids so you can renovate
- Tucker Carlson facing backlash after mocking women serving in armed forces
- Content by LendingTree
- 2 minutes could save over $40K on your refi
Headlines from right-of-center Newsmax
- Gun Background Checks Bill May Test Manchin on Senate’s Filibuster Rule
- A House-passed bill to expand gun background checks will be an early test of Democrat Sen. Joe Manchin’s commitment to the Senate rules that enable the Republican minority to block Democrats’ priorities.
- Related Stories
- House Democrats Push Through Expanded Gun Background Checks
- The Biden Presidency
- Direct Deposits From COVID Bill to Come as Early as This Weekend: WH
- Biden Signs $1.9T Spending Bill One Day Early, Avoids Questions
- Guy Reschenthaler to Newsmax TV: Biden’s $1.9T Buys ‘Economic Stagnation’
- Merkley: Border ‘Crisis’ Caused by Trump’s Policies, Not Biden’s
- US Calls China’s Hong Kong Moves Assault on Democracy, Forecasts ‘Difficult Talks’ Next Week
- Biden Prime-Time Preview: 20 Minute Address Will ‘Level’ With Americans
- Biden to Urge Vigilance, Offer Hope on Lockdown Anniversary
- NYC Mayor de Blasio: Gov. Cuomo ‘Just Can’t Serve Anymore’
- After a sixth woman has come forward accusing New York Gov. Andrew Cuomo of sexual impropriety, New York City Mayor Bill de Blasio is now calling for the governor’s resignation…
- Related Stories
- Bill Donohue: Due Process OK for Cuomo, Not for Priests
- Report: Cuomo Groped Female Aide in Governor’s Residence
- S&P 500 Jumps to Record on Tech Rally; Bonds Drop: Markets Wrap
- Parler Pushes Back After Apple Blocks Social Media Site From App Store
- Apple has reportedly blocked Parler from returning to its App Store
- CNN’s Ratings Collapse, but Only Newsmax Is Mentioned
- Last night, CNN’s Brian Stelter contacted us about “Newsmax’s ratings…
- Arizona Highway Checkpoints Shut Down by CBP as Border Crisis Grows
- The Case for Western Companies to Leave China
- US ‘Losing Faster’ in War Simulations With China, Air Force General Says
- The United States would be vulnerable to a massive war with China,
- S. Had Just 6 COVID Deaths One Year Ago
- One year ago, when the World Health Organization started calling
- Reagan Institute Survey Shows Drop in Confidence in Military
- Americans are losing trust in the military, a new survey showed.
- NY Dem Lawmakers: Cuomo Must Resign
- About 55 Democrats from the New York State Assembly are calling for
- Trump: ‘Hope Everyone Remembers’ Me When Getting COVID Shot
- As the nation marked one year since COVID-19 officially was declared
- NY Times Gives Trump Credit on Vaccine Effort
- Biden Administration Wrong on COVID-19 Vaccination Pace, AP Says
- Denmark Pauses AstraZeneca Vaccine Jabs to Probe Blood Clots
- Illegal Immigrant Children Detentions Quadruple to 3,200
- Mississippi Gov Signs Bill Limiting Transgender Athletes
- 3rd-Degree Murder Charge OK’d for Former Cop in Floyd Death
- AP-NORC Poll: 1 in 5 in US Lost Someone Close to COVID-19
- Texas Gov. Abbott Sending 500 Guard Troops to Secure Border
- Rasmussen Poll: 59 Percent of Voters Say Federal Govt a Special Interest Group
- House Democrats Push Through Expanded Gun Background Checks
- US Must Slash Emissions by 57 Percent to Meet Paris Climate Target
- Gallup Poll: Nearly 8 in 10 Parents Favor In-Person Learning
- Wall Streeters Who Fled to Florida Eye Return to NYC
- The “Upper East Side” cocktail at Sant Ambroeus is just the same as in Manhattan, the carpaccio at Cipriani as meaty red as on Wall Street. Here is the private-equity billionaire Stephen Schwarzman, on his way to La Goulue, the clubby French bistro popular with Park Avenue…
- Apple Invests With Women-Owned Adviser Starting Job Program
- OPEC Expects Most of 2021 Oil Demand Recovery in Second Half
- US Jobless Claims Fall to 712,000 as Pace of Layoffs Eases
- Amazon Building Grocery Chain During Pandemic
- Researchers: People Who Have Had COVID-19 Need Just One Shot
- A growing number of researchers agree that people who have already had COVID-19 need only one shot of the two-dose Moderna or Pfizer vaccines for sufficient protection. Giving these people a second dose would be a waste…
- Study: Long-Term Depression Follows Stroke
- Study: Whole-Genome Sequencing Detects Cancer
- Study: Eye Disease Linked to Increased Risk of Early Death
- Opioid Epidemic Causing Strokes, Heart Infections
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Featured Focus –
Where Business, Politics and Investing Can Meet
By boosting unemployment, HUD Code manufacturers and others are saying that it is making it tougher to recruit more labor.
- The $1.9 trillion Covid relief bill, passed Wednesday by the House of Representatives, extends unemployment benefits through Labor Day and raises them by $300 a week.
- The pandemic aid legislation also offers a tax break on up to $10,200 of unemployment benefits individuals collected in 2020. (It’s $20,400 for married couples.) High earners may not be eligible.
CNN summed up the snapshot on various employee or “identity” categories in the 5 graphics below.
Related, Recent, and ‘Read-Hot’ Reports
Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing, and is starting our 12the year of serving the industry as the runaway most-read trade media.
Sample Kudos over the years…
It is now 11+ years and counting…
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
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Disclosure. MHProNews holds no positions in the stocks in this report.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.