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Friday 29 July 2022

The Daily Money: Senators call out Walgreens over birth control policy

Senators take on Walgreens over its controversial policy on birth control sales. Plus, find out where you can get free chicken wings today. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Friday, July 29

Happy Friday and National Chicken Wing Day, Daily Money readers! Jayme Deerwester back with you.  Personally, I'm not a big wings lover – it's a lot of mess and a lot of work for a little food – but I respect the fact that I am in the minority here. So I've got a list directing you to all the freebies and discounts available today.

Last week, we reported that some Walgreens allows pharmacists to refuse to fill birth control prescriptions if they have moral objections. It's part of the fallout from the overturn of Roe v. Wade, which eliminated the Constitutional right to abortion, returning decision-making power to states.

Senators: Walgreens policy prioritizes employee morals over customer rights

Now, Democratic Senators Tammy Duckworth and Richard Durbin, both from Illinois, are formally asking CEO Roz Brewer to revise the policy.

"Your policy seemingly does not expressly respect the religious and moral beliefs of your customers who wish to buy legal drugs and contraceptives," the senators wrote. Nor are they they satisfied with the chain's contingency plan, which directs employees to refer the transaction to a co-worker.

"Despite (Walgreens) policy's requirement that a customer's needs be met in a 'timely manner' even if a pharmacist has a moral objection, your policy reportedly has delayed timely access to medication," Duckworth and Durbin pointed out.

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Good news for Southwest passengers

Southwest Airlines passengers now have a little extra flexibility when their plans go awry. The airline announced Thursday that the credits it provides when travelers need to cancel their tickets will no longer expire, no matter what kind of ticket they purchased.

"'Flight credits don't expire' aligns with the boldness of a philosophy to give our customers definitive simplicity and ease in travel, just like 'bags fly free,' just like 'no change fees,' just like 'points don't expire – they're a first-in-our-industry combination of differentiators that only Southwest offers," Southwest CEO Bob Jordan said in a statement.

Customers don't have to do anything to take advantage of the new policy, Ryan Green, Southwest's chief marketing officer told USA TODAY. 

"The only thing that they need to know is they don't need to take any action. They don't need to do anything. We are taking care of this for them in the background," he said.

🎧 Mood music 🎧

I kinda had to go with Lankybox's musical ode to the chicken wing today:

"Chicken wing, thinking I'm about to eat everything. I'ma go nuts for these donuts with all of that frosting. And I don't know how, but whenever I look around, all I see is food and my stomach just starts to growl!"

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. It even comes with its own Spotify playlist . It features nearly every song quoted here.

Follow Jayme Deerwester on Twitter – or Instagram, if you prefer puppy pictures. (Why? Because everybody loves puppies!)

FILE - Chairman Sen. Dick Durbin, D-Ill., speaks during a Senate Judiciary Committee Hearing to examine a post-Roe America, focusing on the legal consequences of the Dobbs decision, on Capitol Hill in Washington, Tuesday, July 12, 2022. Durbin  said he tested positive Thursday, July 28,  for COVID-19 and was in quarantine with what he described as minor symptoms. The No. 2 Senate Democrat, who said in a statement he was vaccinated and had received two   booster shots, planned to continue to work remotely.(AP Photo/Andrew Harnik, File ORG XMIT: NY111
Sens. Duckworth, Durbin ask Walgreens CEO to reconsider policy
A letter from Illinois senators asks Walgreens' CEO to revise policy on pharmacists' beliefs public to help ensure contraception access.
It's National Chicken Wing Day: Where to score free or cheap wings
Chicken lovers can get five free wings through the
When is the next Mega Millions drawing? Day, time, jackpot explained.
SAN LORENZO, CA - JANUARY 12:  Lottery balls are s
Southwest credits won't expire, giving passengers more flexibility
Southwest Airlines jetliner takes off from Denver
2023 Chevy Colorado trims body styles, add features including Google
2023 Chevrolet Colorado ZR2
Car recalls: Do you drive any of these Chrysler or Audi models?
Cars
What does a recession do to the stock market?
A person wearing a suit stares at a large $1 bill
Never taken a cruise before? Read this first.
Denise Langner and her husband, Keefer, took a Car
Chick-fil-A restaurant asks volunteers to work for food, not pay
The new Hendersonville Chick-fil-A will open April
New Samsung Bespoke laundry line is coming. Learn more.
Samsung has a brand new line of stylish, powerful
 

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Thursday 28 July 2022

The Daily Money: Spirit chooses JetBlue; are we in a recession or not?

Today, we look at the economic signs to determine whether we're entering a recession. Plus, Spirit says it's merging with JetBlue instead of Frontier. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Thursday, July 28

Happy Thursday, Daily Money readers. It's Jayme Deerwester back with you, hoping your morning is going smoothly.

Another day, another bit of grim economic news. A day after the Fed confirmed its raising interest rates by another 75 basis points, we learned that the U.S. economy has contracted for a second straight quarter,  sounding the alarm over a possible recession. 

The nation's gross domestic product – the value of all goods and services produced in the U.S. – shrank at a seasonally adjusted annual rate of 0.9% in the April-June period, the Commerce Department said Thursday. That followed a 1.6% drop early this year. Economists surveyed by Bloomberg had forecast a 0.5% rise in GDP.

So are we in a recession or not?

Two consecutive quarters of contraction meet an informal threshold for recession , but not the criteria relied on by the National Bureau of Economic Research. To decide if a downturn fits that criteria, NBER looks at employment as well as indicators such as consumer income and spending, wholesale and retail sales, and industrial production. Employment, likely the most critical gauge, has been robust, with employers adding 372,000 positions in June and job openings at near record levels.

Household income and spending have weakened, especially after accounting for inflation. And industrial production has been losing steam, with factory output falling in June, Wells Fargo wrote in a note to clients. But overall, those measures are still up on a quarterly basis, not down.

Even though some top economists are predicting a recession, most still forecast a slowdown rather than a downturn. That's partly because household finances are healthy, says economist Paul Ashworth of Capital Economics. Household debt costs are about 9% of disposable income, he notes. That compares to 13.2% in 2007, before the Great Recession.

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Good news for politicians, bad news for Hulu viewers?  Issue ads allowed to run.

Social Security retirement earnings test: What income counts towards benefits?

USA TODAY investigation:  Utah firms gave $1M to GOP campaigns after getting no-bid COVID deals.

🎧 Mood music 🎧

To quote The Killers: "And if the answer is no, can I change your mind?" 

It seems JetBlue's $3.8 billion offer was indeed enough to change Spirit's mind. It's terminated its plan to merge with fellow low-cost carrier Frontier. But it remains to be seen whether Securities and Exchange Commission will allow JetBlue and Spirit to form the nation's fifth-largest airline .

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. It even comes with its own Spotify playlist . It features nearly every song quoted here.

Follow Jayme Deerwester on Twitter – or Instagram, if you prefer puppy pictures. (Why? Because everybody loves puppies!)

The words Recession and Fears written on newspaper headline.
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JetBlue agrees to buy Spirit for $3.8 billion
A line of Spirit Airlines jets sit on the tarmac a
Utah firms gave $1M to GOP after getting no-bid COVID-19 contracts
Republican governors gave lucrative, no-bid COVID-
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