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Tag: billion

Biden will call for $30 billion more in rental assistance and extending eviction ban

Finance
U.S. President-elect Joe Biden.Chip Somodevilla | Getty ImagesPresident-elect Joe Biden will call on Congress to pass a range of protections and financial relief for Americans at risk of losing their homes because of the coronavirus pandemic.To stop a wave of evictions, Biden plans to ask lawmakers to approve $ 30 billion in rental assistance on top of the $ 25 billion in aid approved in the most recent $ 900 billion stimulus package, according to a briefing document distributed prior to the president-elect's Thursday night speech.Another $ 5 billion would go toward finding those experiencing or at risk of homelessness secure housing, and a fund would help individuals facing eviction get legal assistance.More from Personal Finance:Interest rates tank as Americans start to save moreBein...
Ancient crystals suggest Earth’s crust enjoyed growth spurt 3 billion years ago

Ancient crystals suggest Earth’s crust enjoyed growth spurt 3 billion years ago

Science
Jan. 12 (UPI) -- Ancient crystals recovered from stream sediments in Greenland suggest bits of Earth's primordial crust seeded the growth of later generations of crust. According to a new study published Tuesday in the journal Nature Communications, the process fueled a massive crustal growth three billion years ago. Advertisement Scientists were able identify the origins of the ancient growth spurt by analyzing the chemistry of crystals eroded from ancient rocks. The chemical makeup of the ancient zircon crystals, found among modern stream sediment in Greenland, revealed signatures left their incorporation into younger crustal rocks and sediment during what scientists call lithospheric reworking. "We found there was a widespread bloom in crust production three billion years ago, during ...
Earth ‘has been lucky’ to support life for 3 billion years, study says

Earth ‘has been lucky’ to support life for 3 billion years, study says

Technology
Planet Earth's success in staying habitable for billions of years is partly down to luck, according to a new study.A mass simulation experiment suggests most planets would not have been able to cope with changes to their climate while still supporting life for the three billion years Earth has, scientists have said. Researchers at the University of Southampton put 100,000 randomly generated planets through the effects of climate evolution 100 times each.Just 8,700, less than 10%, stayed the course at least once, according to the study, which was published in the Nature journal Communications Earth and Environment.And almost all of these (8,000) completed the span fewer than 50 times out of 100, while more than half (about 4,500) were successful fewer than 10 times out of 100. ...
Fight over Fed powers stalls $900 billion aid plan

Fight over Fed powers stalls $900 billion aid plan

Health
WASHINGTON -- An arcane battle over emergency Federal Reserve powers is frustrating efforts to lock down an agreement on an almost $ 1 trillion COVID-19 economic relief package. Saturday's impasse is just the latest stumble in a partisan, monthslong fight, and feelings hardened as the Senate congregated for a weekend session.Lawmakers on both sides said a provision by Sen. Pat Toomey, R-Pa., that would curb emergency Federal Reserve powers was the sticking point. Republicans are insisting on the Toomey plan, while Democrats are adamantly against it. A compromise was proving elusive, and the two sides seem stuck for the time being.“That has to be resolved. And then everything will fall into place," said House Speaker Nancy Pelosi, D-Calif. “It's a very significant difference."Toomey defende
WHO’s COVAX COVID-19 vaccine drive doubles global supply to 2 billion doses

WHO’s COVAX COVID-19 vaccine drive doubles global supply to 2 billion doses

World
Dec. 18 (UPI) -- A global initiative seeking fair access to COVID-19 vaccines for poorer countries said Friday it has secured commitments for 2 billion doses in nearly 200 nations -- doubling its existing supply. COVAX, the effort co-led by the World Health Organization, said it has guaranteed access to doses of vaccines that are now in development -- including new commitments for 500 million doses of a vaccine being tested by Johnson & Johnson and 170 million from one by AstraZeneca. Advertisement COVAX already had an agreement with the Serum Institute of India for 200 million doses of either the AstraZeneca vaccine or a candidate under development by U.S. biotech Novavax. There's also a statement of intent for 200 million doses of a vaccine from Sanofi and GlaxoSmithKline. "We now h...