Economy & Business

Why it matters: After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

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Erica Pandey, author of @Work
3 hours ago - Economy & Business

The limits of Biden's plan to cancel student debt

Data: New York Fed Consumer Credit Panel/Equifax; Chart: Axios Visuals

There’s a growing consensus among Americans who want President Biden to cancel student debt — but addressing the ballooning debt burden is much more complicated than it seems.

Why it matters: Student debt is stopping millions of Americans from buying homes, buying cars and starting families. And the crisis is rapidly getting worse.

Updated 16 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Education: Schools face an uphill battle to reopen during the pandemic.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong puts tens of thousands on lockdown as cases surge — Pfizer to supply 40 million vaccine doses to lower-income countries — Brazil begins distributing AstraZeneca vaccine.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.

Latest James Bond movie release delayed for third time

An advertisement poster featuring Daniel Craig in the new James Bond movie "No Time to Die" in Bangkok, Thailand. Photo: Mladen Antonov/AFP via Getty Images

The release of the latest James Bond film, "No Time to Die," has been postponed for the third time as the coronavirus pandemic continues to devastate Hollywood.

The state of play: The film's release, initially scheduled for April 2020, was first postponed to November 2020, and then to April 2021. MGM said this week that movie's global debut will now be delayed until Oct. 8.

Bryan Walsh, author of Future
Jan 23, 2021 - Economy & Business

Bioengineering more sustainable farming

Illustration: Eniola Odetunde/Axios

A startup is using the tools of synthetic biology to reduce the pollution involved in large-scale agriculture.

The big picture: We face two major challenges around farming: how to feed a still-growing global population, and how to do so without ruining the environment. Advances in synthetic biology could help us do both.

Bryan Walsh, author of Future
Jan 23, 2021 - Economy & Business

Jobs of the future turn green

Solar panel installers work in California. Photo: Mel Melcon/Los Angeles Times via Getty Images

Even "jobs of the future" have been derailed by the intensified pandemic, but positions in environmental services are still growing strong.

Why it matters: The economic carnage created by the coronavirus has curtailed job growth even in professions that seemed poised to expand in the future. As long as the pandemic remains out of control, the future of employment remains mostly on pause.

TV host Larry King dies at age 87

Photo: Paul Hawthorne / Getty Images

Former CNN talk show host Larry King died Saturday morning at age 87, following a recent battle with COVID-19.

What they're saying: "For 63 years and across the platforms of radio, television and digital media, Larry's many thousands of interviews, awards, and global acclaim stand as a testament to his unique and lasting talent as a broadcaster," his TV production company Ora Media said in a statement.

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