John W. Schoen
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Articles by John W. Schoen
Here's where your federal income tax dollars go
You worked hard for that money you’re about to send to the IRS in less than two weeks. Like many tax filers you're probably asking yourself where all that money goes when the state and federal governments get their hands on it. If you have trouble balancing your checkbook, imagine trying to keep track of where $3.6 trillion goes every year. That’s roughly what Uncle Sam spent last year.
Venezuelan oil deal leaves Caribbean nations in the lurch
For many countries, cheaper oil is helping boost economic growth. But if you're a struggling Caribbean nation dependent on energy subsidies from Venezuela, the crash in oil prices is not welcome news. Venezuela's heavily oil-dependent economy has been sent into a tailspin by the collapse of crude prices, which has starved the country for cash to pay for domestic energy subsidies and imported goods.
State budget squeeze pushes college students deeper in debt
Getty Images Students on the campus of UCLA While many state economies have bounced back from the global financial crisis, public funding for higher education has yet to recover from deep budget cuts since 2008, according to a report Wednesday from the Center on Budget and Policy Priorities. The result, say the authors, is that students and public colleges and universities continued shoulder a bigger share of the financial burden for their higher education in the latest academic year.
This map shows how Biden won back Pennsylvania in the 2020 election Original
U.S. Democratic presidential candidate Joe Biden gestures as he speaks during a drive-in campaign event at Bucks County Community College in Bristol, Pennsylvania, October 24, 2020. Kevin Lamarque | Reuters Joe Biden's birth state delivered. To win back Pennsylvania for Democrats in the 2020 presidential election, the president-elect had to improve upon Hillary Clinton's 2016 performance across wide swaths of the state.
These maps show how Joe Biden won Michigan and Wisconsin Original
Young men point at an electoral college map at an event at Lulu Bar on November 04, 2020 in Wellington, New Zealand hosted by the United States Embassy and the NZ U.S Council to watch the results of the 2020 U.S election come through. on November 04, 2020 in Wellington, New Zealand. Lynn Grieveson | Newsroom | Getty Images It looks like the Blue Wall held this time.
The ways Joe Biden or Donald Trump would get 270 electoral votes and the White House Original
Avishek Das | LightRocket | Getty Images It could still take days to know whether President Donald Trump or Democratic nominee Joe Biden will hold the White House for the next four years. Tallies in undecided states so far show the paths both hopefuls have to racking up the 270 electoral votes needed to win. As of Wednesday, Biden had won 227 electoral votes, according to NBC News projections. Trump trailed with 213.
Coronavirus cases surge in swing states as early voting kicks into high gear
The COVID-19 response specialist Alexandra Vizcarra prepares to administer a nasal swab test at Public Health Madison & Dane County as the coronavirus disease (COVID-19) outbreak continues in Madison, Wisconsin, October 19, 2020. Bing Guan | Reuters Coronavirus cases are spiking in the most fiercely contested battlegrounds of the presidential election, just as voters cast their ballots in droves.
Second $1,200 stimulus checks could be coming. For many, that won't cover the rent
Tenants and housing activists in Brooklyn, New York, protested in a Bushwick park on July 5. Erik McGregor | Getty Images Negotiations over the next coronavirus stimulus package on Capitol Hill ended the week in a stalemate. But there's one form of help lawmakers reportedly agree on: a second set of stimulus checks.
Coronavirus cases surge among younger Californians
Added by Debra Tash on July 8, 2020. Saved under Healthy Living, LifeStyle, State Tags: California, Coronavirus (COVID-19), John W. Schoen, surge, younger patients By John W. Schoen @JOHNWSCHOEN The recent surge in the spread of the coronavirus in California is hitting younger people harder than the initial outbreak earlier this year, according to the latest data from the California Department of Public Health.
Coronavirus cases surge among younger Californians Original
The recent surge in the spread of the coronavirus in California is hitting younger people harder than the initial outbreak earlier this year, according to the latest data from the California Department of Public Health. Like many states, California is seeing a resurgence of coronavirus cases in recent weeks. Confirmed cases have more than doubled in the last month, according to the latest data from Johns Hopkins University.
Here's how Biden's polling lead over Trump compares with past presidential races
Presumptive Democratic nominee Joe Biden's mostly virtual election bid so far seems to be more effective than his predecessors' best efforts on the actual campaign trail, a CNBC polling analysis shows. Numerous nationwide polls of voters show Biden taking a commanding, double-digit lead over President Donald Trump with less than five months to go until Election Day.
These two charts show the lack of diversity in the House and Senate
Reps Ayanna Pressley, D-Mass., Alexandria Ocasio-Cortez D-N.Y., Ilhan Omar, D-Minn., and Rashida Tlaib, D-Mich., hold a news conference after congressional Democrats moved to formally condemn President Donald Trump's attacks on the four, July 15, 2019. Erin Scott | Reuters The House has become more diverse at a faster rate than the Senate, a CNBC analysis shows, but both chambers are still predominantly white.
These 4 charts describe police violence in America
Protesters clash with police in Chicago, on May 30, 2020 during a protest against the death of George Floyd, an unarmed black man who died while while being arrested and pinned to the ground by the knee of a Minneapolis police officer. Jim Vondruska | NurPhoto | Getty Images Protests over the death of George Floyd entered their seventh day on Monday as cities across the country imposed curfews and deployed police in riot gear to control demonstrators.
EU to Japan: Drink more beer
Issei Kato | Reuters A group of Tokyo businessmen and businesswomen toast with mugs of beer at a beer garden in Tokyo. European leaders have come up with a fix for the ailing Japanese economy: more beer. More European beer, that is. With the global economy slowing, countries around the world are looking for ways to ease trade barriers and spur growth. Japan's slide back into recession has added new urgency to Tokyo's efforts to boost exports.
Texas coronavirus cases tick higher as state forges ahead with reopening
Men receive haircuts as social distancing guidelines to curb the spread of the coronavirus disease (COVID-19) are relaxed at Doug’s Barber Shop in Houston, Texas, May 8, 2020. Callaghan O'Hare | Reuters Coronavirus cases are rising in Texas as the state plans more steps to restart its devastated economy during the pandemic. After new reported cases rose by about 1,000 per day in mid-April, they started to climb in May, reaching a new single-day high of about 1,450 on Thursday.
Two charts that show an uptick in U.S. air travel — but a long road back to anywhere near normal
Passengers, some wearing masks and protective gear, queue for their flight at Terminal 1 of John F. Kennedy Airport (JFK) amid the novel coronavirus pandemic on May 13, 2020 in Queens, New York. Johannes Eisele | AFP via Getty Images U.S. air travel demand has inched higher this month but airlines are nowhere near their normal levels for this time of year, as the coronavirus keeps most would-be travelers home.
Georgia tries to balance pressure to reopen economy with threat of coronavirus resurgence
A stylist wearing a protective mask works on a customer at a barbershop in Atlanta, Georgia, U.S., on Monday, April 27, 2020. Dustin Chambers | Bloomberg via Getty Images Since Georgia took the widely criticized step to reboot its battered economy last month, the state has seen new Covid-19 cases steadily climb but not spike.
Florida jobless claims surpass California's as unemployment spreads
Florida overtook California on Thursday as the U.S. state with the most weekly unemployment claims as Tallahassee began to process in earnest its sizable backlog of filings. Florida, which reported 432,465 jobless claims for the week ended April 25, topped California's 328,042, marking the first time since the week ended March 21 that the Golden State didn't lead the nation in the number of workers filing for unemployment benefits.
New York will suffer $13.3 billion revenue shortfall from original forecast due to coronavirus, Cuomo says
New York Governor Andrew Cuomo gives his a press briefing about the coronavirus crisis on April 17, 2020 in Albany, New York. Matthew Cavanaugh | Getty Images Gov. Andrew Cuomo said Friday that New York will report a $13.3 billion shortfall in revenue compared to its original forecast – representing a 14% decline in the state's projected receipts.
These are the states getting hit the hardest with job losses from the coronavirus pandemic
Georgia, Michigan and Pennsylvania are seeing surges in claims for unemployment benefits as workers and state health officials in those states struggle to strike a balance between economic wellbeing and safety from the coronavirus. Hawaii, Kentucky, Michigan, Rhode Island, Pennsylvania, Nevada and Georgia have seen the most concentrated spikes in jobless claims since mid-March, when employers began to lay off droves of workers thanks to the Covid-19 outbreak.
Coronavirus clobbers workers in 2020 swing states Michigan and Pennsylvania
The coronavirus pandemic has ravaged workers in Michigan and Pennsylvania, two of the states President Donald Trump most needs to win to earn another term in the White House. More than 22 million Americans applied for unemployment insurance over the latest four weeks as the outbreak forced businesses to close, according to Labor Department data released Thursday. The two 2020 election battlegrounds took a bigger hit than nearly all other states.
This map shows the states that suffered the biggest job losses last week due to coronavirus
Another eye-popping weekly U.S. jobless claims report showed again how far-reaching the coronavirus's economic toll has been. Claims for state unemployment benefits were most concentrated in Hawaii, Michigan, Georgia, Kentucky, Nevada and Rhode Island with claims of 79, 78, 75, 56 and 51 and 51 per 1,000 workers, respectively. The data is for jobless filings through the end of last week.
These charts show some states slowing new coronavirus cases, while others brace for a possible surge
An ambulance from Ohio outside of Wyckoff Hospital in the Borough of Brooklyn on April 4, 2020 in New York. Brian R. Smith | AFP | Getty Images Data in recent days shows a slowdown in the rate of new coronavirus cases in several U.S. states, raising hopes that aggressive mitigation efforts like social distancing and closures of schools and businesses are helping tamp down the pandemic's grim toll.
Coronavirus cases: These states face biggest potential shortfalls in hospital ICU beds
Deborah Birx, coronavirus response coordinator, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Sunday, April 5, 2020. Tasos Katopodis | Bloomberg | Getty Images A significant number of states lack enough intensive care unit beds in their hospitals to deal with a wave of projected coronavirus cases in coming in days and weeks.
Americans expect to burn through their savings amid pandemic: Survey
As millions of jobs are lost to the coronavirus pandemic, almost half of low-income Americans say they expect to burn through their savings within three months, according to a survey released Thursday. The government's monthly employment numbers for March, due to be released Friday, are expected to show an unprecedented surge in layoffs by businesses forced to shut down by the pandemic.
US wipes out nearly half of the job gains since the financial crisis in just two weeks
The astounding pace at which Americans filed for unemployment over the past two weeks has wiped out nearly half the total number of jobs added to the economy over the last decade since the financial crisis. The outbreak of COVID-19 has sent employers scrambling as forced business closures spell a massive hit to revenues and a dire need to again cut costs until the disease passes and governments feel comfortable resuming commerce.
This map shows which states are seeing the most job losses due to the coronavirus
Another record-breaking spike in U.S. jobless claims hit Americans across the country, but varied in impact by state as each governor takes a different tact in slowing the spread of COVID-19. Claims for state unemployment benefits were most concentrated in Hawaii, Pennsylvania, Rhode Island, Washington state and Massachusetts with claims of 73, 62, 50, 47 and 47 per 1,000 workers, respectively. The data is for jobless filings through the end of last week.
Coronavirus could kill more Americans than WWI, Vietnam or Korean wars, White House projection shows
Chris Plank of Maryland holds the headstone of his friend Army Sgm. Bradly Dean Conner, who was killed in Iraq, at Section 60 at Arlington National Cemetery on Veterans Day November 11, 2019 in Arlington, Virginia. Alex Wong | Getty Images President Donald Trump has compared the coronavirus pandemic to fighting a war — and that outbreak could end up killing more Americans this year than some wars waged by the United States, including the Vietnam and Korean conflicts, and World War I.
These states could be hit with the biggest job losses from the coronavirus pandemic
Pedestrians walk past a boarded up Lori's Diner in San Francisco, California, U.S., on Tuesday, March 24, 2020. David Paul Morris | Bloomberg | Getty Images When the coronavirus pandemic eventually subsides, the economic impact will be felt unevenly from one part of the country to another.
Where your coronavirus stimulus check will go farthest, based on US rents
Many Americans should be encouraged that the government is likely to pay them $1,200 apiece amid the coronavirus economic downturn. There's one problem, however: The money may not stretch very far — because the rent is too darn high. Last week, Congress ushered in a $2 trillion stimulus bill aimed at propping up the economy. With it, many low- and middle-income taxpayers will have their wallets padded with payments from the government.
The coronavirus is starting to hit rural America hard —here's a map of the counties most affected
The coronavirus is rapidly surging throughout the United States, with some small rural counties leading the country in per capita rates of confirmed cases, according to a CNBC data analysis. Rural counties like Gunnison County, Colorado; Blaine County, Idaho; and Summit County, Utah have all been struggling with a recent surge in infections. The counties, located in states popular for skiing and hiking, are now grappling with tourists spreading infections and overwhelming local hospitals.
This map shows how millions of Americans are isolated with no internet during coronavirus pandmic
While much of the U.S. hunkers down to work and shop online, large swaths of the country are trying to cope without an internet connection, leaving millions of households cut off from vital services and information during the pandemic. Here's what the digital divide looks like across the U.S. In counties with the deepest shade of orange, half of households don't have access to the Internet.
These are the states with the most job losses so far because of the coronavirus
The record-breaking spike in U.S. jobless claims data released on Thursday varied in its impact on American workers depending on state as governors across the country instituted different combinations of restrictions and closures to help slow the spread of COVID-19. But the claims for state unemployment were most concentrated in Rhode Island, Nevada, Pennsylvania, Massachusetts, New Jersey and Washington state with 63.6, 59.8, 57.9, 38.6, 34.2 and 33.7 claims per 1,000 workers, respectively.
These charts show how fast coronavirus cases are spreading
As U.S. public officials, health-care workers and epidemiologists struggle to track the course of the coronavirus pandemic, they are being hampered by a dearth of data on exactly how far and how fast the virus is spreading. Despite frequent updates by the news media, public health agencies and independent researchers tracking the outbreak, the available data represents only a portion of the total number of cases, many of which have gone unreported.
Super Tuesday polls are opening: Here are the states holding 2020 Democratic primaries and what's at stake
Democratic presidential candidates former Vice President Joe Biden and Sen. Bernie Sanders (I-VT) share a moment during the Democratic presidential primary debate in the Sullivan Arena at St. Anselm College on February 07, 2020 in Manchester, New Hampshire. Joe Raedle | Getty Images If Democrats are hurtling toward a brawl between Bernie Sanders and Joe Biden for their presidential nomination, Tuesday will help to set them on that path.
Bernie Sanders jumps to early national delegate lead ahead of South Carolina primary
Democratic 2020 U.S. presidential candidate Senator Bernie Sanders marches with student supporters to an on-campus polling place for early voting at Winston-Salem State University in Winston-Salem, North Carolina, February 27, 2020. Jonathan Ernst | Reuters Sen. Bernie Sanders enters Saturday's South Carolina Democratic primary with an early lead in pledged national delegates as his rivals try to slow his march toward the party's presidential nomination.
Confused by the Democratic primary race? Here's how candidates win delegates
With the Iowa caucuses and Tuesday's New Hampshire primary now wrapped up, the race to rack up delegates in the contest for the Democratic presidential nomination is on. After a strong showing in New Hampshire, former South Bend, Indiana, Mayor Pete Buttigieg has a slight lead in the delegate count over Sen. Bernie Sanders, I-Vt. Convention delegates are chosen based on voter preferences in the primaries and caucuses held in each state or U.S. territory.
This map shows how your state measures up as a retirement spot
For most Americans approaching their golden years — no matter their wealth — how much income they will have in retirement, where it will be coming from and how to spend it are major concerns. But where to spend it may be just as important in determining quality of life after they punch their last time clock and settle into post-work life. Personal finance website WalletHub ranked all 50 U.S. states in terms of optimal conditions for retirees, comparing 47 key indicators of retirement-friendliness.
Iowa caucus: Here's a map of precincts where the data appear to be irregular
The Iowa caucuses did not go as planned. The first-in-the-nation presidential vote that took place Monday, marred by technical difficulties that forced the Iowa Democratic Party to count votes by hand and delay the release of results, has produced data that in many cases are confounding.
This map shows the latest spread of reported cases of coronavirus
The number of reported coronavirus cases continues to grow as the outbreak spreads around the world, according to the latest data collected by researchers at Johns Hopkins University. But that's just the number of reported and confirmed cases from an outbreak that has posed a series of challenges for researchers trying to collect reliable data on the spread and severity of the new disease.
Here's how far Iran's missiles can strike
WASHINGTON — Iran's January 8 missile strikes on two Iraqi military bases and suspected role in the takedown of a Ukraine-bound passenger jet, stand as examples of Tehran's ballistic missile capability. Iran, which boasts one of the largest and most diverse missile portfolios in the Middle East, uses its arsenal to project power throughout the region.
Here's a timeline of US-Iran tensions leading up to the death of Qasem Soleimani
As the U.S. braces for more conflict with Iran, Tehran says it is backing further away from a landmark 2015 deal to limit its development of nuclear weapons. The state announced Sunday that it would not follow a key guideline of the agreement following the U.S. killing of its top general, Qasem Soleimani, on Thursday. Iran said it will not abide by the deal's caps on the number of uranium enrichment centrifuges it can operate.
Here's how each House member voted on the impeachment of President Trump
Nearly every House member held the party line Wednesday night as the chamber impeached President Donald Trump. He becomes only the third president in U.S. history impeached by the House. Trump will likely join the two others — Andrew Johnson and Bill Clinton — in getting acquitted by the Senate. The House passed one article, abuse of power, by a 230-197-1 margin. It approved the other, obstruction of Congress, in a 229-198-1 vote. Rep.
This timeline shows how the US-China trade war led to the latest deal with Beijing
Chinese President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Fred Dufour | AFP | Getty Images The phase one trade deal between the U.S. and China announced Friday follows nearly two years of tariffs, tough talk and false starts. Washington and Beijing struck a partial agreement, which involves relief of some U.S. tariffs on Chinese goods and more Chinese purchases of American agricultural products.
Sequestration hurts key medical research
As Congress debates immigration reform to allow more highly-skilled workers to come to the U.S., the irony is that it is chasing away a generation of young American scientists by starving them of billions of dollars in funding for important medical research. Stephanie Zerwas, a University of North Carolina researcher hoping to find the genes that place young girls at risk for developing devastating eating disorders, is one of them.
Here's where the unemployment rate stands in the states that will decide Trump's 2020 fate
US President Donald Trump speaks on the United StatesMexicoCanada Agreement (USMCA) trade agreement at Derco Aerospace Inc. plant in Milwaukee, Wisconsin on July 12, 2019. Mandel Ngan | AFP | Getty Images In a 2020 election where a handful of swing states will decide whether President Donald Trump gets another term in the White House, the president may need a strong economy to nudge him over the line. He has already used it to make his case for reelection.
Warming climate, population sprawl threaten California's future with more destructive wildfires
A firefighter calls for water as a mobile home park burns in the Sylmar Fire in Sylmar, California. David McNew | Getty Images News | Getty Images A recent spate of devastating wildfires has rocked California, causing billions of dollars of property damage, burning hundreds of thousands of acres, and displacing thousands from their communities. Wildfires have gotten bigger and more destructive in the Golden State, with 10 of California's most destructive fires occurring in the past decade alone.
How House members voted on Trump impeachment investigation resolution
When the House approved the guidelines for its impeachment inquiry into President Donald Trump on Thursday, more than two dozen Democrats chose to move forward with the probe despite possible political peril. The Democratic-held chamber approved a resolution setting up its impeachment probe strategy by a margin of 232-196. Two Democrats, Reps. Collin Peterson of Minnesota and Jeff Van Drew of New Jersey, voted against the measure. No Republicans backed it, while one independent, Rep.
Economists lower outlook, see rising risk of recession because of Trump's trade war
The risk of a recession is rising, and the main threat to the economy is the Trump administration's ongoing trade war, according to a panel of economists surveyed by the National Association for Business Economics released Monday. "The rise in protectionism, pervasive trade policy uncertainty, and slower global growth are considered key downside risks to U.S. economic activity," said NABE survey chairman Gregory Daco, chief U.S. economist, Oxford Economics.
Trump has now entered the most critical period for his reelection campaign
Republican Presidential candidate Donald Trump points at delegates after his acceptance speech during the 2016 Republican National Convention July 21, 2016 in Cleveland, Ohio. Brendan Smialowski | AFP | Getty Images President Donald Trump's chance at reelection is still over a year away, but he has entered a critical economic period that many investors look at when gauging the odds of a second term.
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