Top economists say this is what’s on their stimulus wishlist—and the bipartisan bill looks pretty close

It’s been clear in the data for a while: The economic recovery is slowing. At the same time, the window for more stimulus to help boost that recovery is narrower than ever.

That decelerating pace was even more evident in the unemployment data released Friday, showing only 245,000 jobs were added in the month of November—dropping the unemployment rate from 6.9% to 6.7%.

The report comes as Congress is making progress on a new $908 billion stimulus bill, this time with bipartisan support. Even House Speaker Nancy Pelosi, who has long pushed for several trillion dollars in aid, has said the the smaller bill is a good jumping off point for further negotiations.

But with the slowing pace of the economic recovery and a winter without a widely-distributed vaccine, some economists are feeling exasperated with Capitol Hill: “C’mon, already!” exclaims Moody’s Analytics chief economist Mark Zandi.

“If we don’t … Read More

Italian police arrest two over hacking at defence group Leonardo By Reuters

ROME (Reuters) – A manager and a former employee of Leonardo were arrested on Saturday for their alleged role in hacking the Italian defence group’s computers to steal sensitive information between 2015 and 2017, prosecutors in the southern city of Naples said.

The arrests are a blow for Leonardo, which along with its aerospace activities also has a large cybersecurity division that counts NATO among its customers.

The company was not immediately available for comment.

Naples prosecutors said in a statement that an ex-employee in Leonardo’s cyber-security department was suspected of having used malware to infect 94 computers to extract “classified information of significant value to the company”.

The information was stolen for “illicit goals which are still being investigated,” the statement said.

The head of Leonardo’s Cyber Emergency Readiness Team – set up to defend the group from hacking attacks – was put under house arrest for allegedly meddling

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