Mar 27, 2020

Reading List for March 27-29

Coronavirus Pandemic coverage this week includes articles on the soon-to-be stimulus bill, actions by the Federal Reserve, unemployment statistics, the stock market volatility, and potential implications for student loans.


Stimulus Bill

  • What is in it, and what is not. The NYT provides the answers with an FAQ.
  • Will you qualify to a direct payment? (WaPo) provides a calculator for stimulus checks.
  • If you don’t need your stimulus check to pay bills, what should you do with it? Save it (start that emergency fund—see below) or spend it? (NBC)



  • Take your pick of articles here outlining and graphically representing just how huge last week’s unemployment claims figure of 3.28 million really is. (NPR) (WaPo) (AP)



  • Stock markets through Thursday this week had the best three days since the Great Depression. (Reuters via Morning Brew) (But as of this writing, markets are in red territory today.)
  • Yields on short-term Treasuries went negative this week. What does that mean? (WSJ)


Fed Watch

  • In this Upshot article, Neil Irwin gives some historical perspective to the Federal Reserve and the tools it could use to soften the blow of this crisis. (NYT-subscription)
  • Federal Reserve Chair Jerome Powell was interviewed on the Today Show on Thursday, March 26. Listen to this informative session here: (YouTube/NBC) Or read a summary of the interview: (Reuters)
  • The Fed is buying ETFs to prop up the bond market (see article on Treasury yields above too). (MarketWatch)


Student Loans

  • What provisions are currently in the stimulus legislation? One would give a one-time tax credit to employers who offer student loan payment assistance as a benefit. (Inside Higher Ed)
  • Another provision puts Federal student loan payments on hold for several months (and would stop the clock on interest accruals as well.) However, about 5% of borrowers currently would not qualify. (Inside Higher Ed2)


Emergency Funds

  • This crisis is bringing home the point to anyone who was not previously convinced that having an emergency fund for times like these make all the difference. No surprise here: yet another survey shows how few Americans actually have one. (PR Newswire)
  • GoFundMe is seeing a surge in coronavirus related drives. (NYT)
  • Three in ten Americans are hoarding cash during this crisis. Here are the stats? (PRNewswire) (MagnifyMoney)

Higher Education

  • What is usually a busy recruiting time on now empty college campuses may lead to an increase in college amissions rates as schools are concerned about filling next year’s freshman class. (WSJ)

About the Author

Mail Icon

Subscribe to the blog

Join the more than 11,000 teachers who get the NGPF daily blog delivered to their inbox: