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A winner emerges

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Good morning! President-elect Joe Biden declared victory Saturday, unemployment is the lowest since the pandemic started and long-standing Jeopardy host Alex Trebek has passed.

 

 

ELECTION

 

After almost a week, winner declared

Pixabay

 

President-elect Joe Biden declared victory Saturday after multiple news agencies projected victory. The unofficial results didn’t sit well with incumbent President Donald Trump, who refused to accept the outcome with likely legal challenges to emerge today.


Here’s what we know since Friday 

Many world leaders were quick to embrace a Trump defeat/Biden victory, although Mexican President Andrés Manuel López Obrador has not yet congratulated Biden, whose first duty may be to replace the Affordable Care Act should it be dismantled in coming days by the U.S. Supreme Court. 



 

ECONOMY

 

Unemployment lowest since pandemic started

Pexels

 

Election results were slow to update Friday, allowing more focus on a positive jobs report. The latest unemployment figures posted Friday revealed the U.S. economy added 638,000 jobs to reduce national unemployment to 6.9%, well below forecasts and the previous 7.9% unemployment rate. That’s well below the 15% rate peak-pandemic.


No really, you’re hired

  • Job growth in October was down slightly from September when 672,000 jobs were reported. There are still 10 million fewer people employed than what was reported in February pre-coronavirus. 

  • Bloomberg suggests that Biden and his incoming administration will benefit from a quicker-than-anticipated recovery from the pandemic.

  • Biden’s administration could also issue executive orders that offer economic relief—regardless of congressional action. 

Even if Biden issues economic-relief orders, don’t expect the same as the blank check you might’ve received from the government in the last stimulus bill, but low- and middle-income families might stand to benefit.

 

 

 

CULTURE

 

What is really sad for ‘Jeopardy!’ fans?

GIPHY

 

‘Jeopardy!’ host Alex Trebek ended his very public battle with Stage 4 pancreatic cancer Sunday after being diagnosed in March 2019. A who’s who of supporters and former Jeopardy contestants offered their condolences over the weekend, including the show’s most-recent perennial champion, James Holzhauer, who called Trebek the “GHOST,” or the “greatest host of syndicated TV” ever. 


Did you know?

  • Alex Trebek, 80, may have been the face of ‘Jeopardy!’ for multiple generations. But he isn’t the only host in the show’s history. He took over hosting duties in 1984, and the show actually started back in 1964. It was canceled in 1975, revived briefly in 1978, and didn’t return again until Trebek took over.

  • Trebek last filmed in late October and, as one last holiday gift, his final episode will air Dec. 25.

  • In total, Trebek hosted more than 8,200 episodes. If every Trebek-hosted shows were to re-air once a day every day, it would take more than 22 years to re-broadcast every episode.

There is no word yet who replaces this irreplaceable host. The death of the Canadian-born legend even garnered reactions from Prime Minister Justin Trudeau, who called Trebek an “icon.”

 

 

 

 

 

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