Monday, March 1, 2021

The Daily Money: Warren Buffett says these retirees face 'bleak future'

Today's top stories from USA TODAY Money & Tech. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Monday, March 1

Good Monday to you, Daily Money subscribers. It's Nathan Bomey hoping desperately that this March is better than last March. On to our ...

INSIGHT OF THE DAY: Fixed-income investments have been struggling, and now the bond market is getting torched. None other than the "Oracle of Omaha," Warren Buffett himself, says retirees who are betting their livelihoods on fixed-income investments "face a bleak future." The takeaway? You might not be able to avoid taking some risk by investing in stocks if you want to maintain a comfortable retirement.

On to the rest of the news ...

1. Should local pharmacies get more vaccines? Independent pharmacies say that large chains like CVS and Walgreens are getting a disproportionate amount of COVID vaccines. Check out my in-depth story.

2. Remember when Volkswagen sold a microbus? It was decades ago, but it's coming back. The long-awaited revival of the VW microbus will happen in 2022 as the Volkswagen ID. Buzz electric van.

3. Are you paying someone to manage your retirement fund? Check out this story for insight on whether that's a good idea.

4. In the market for a new TV? Don't get fooled by these five myths.

5. Want your Starbucks drink with oat milk? Now the non-dairy alternative is a permanent option.

More below!

--Nathan Bomey, Money reporter

Michele Belcher, owner of Grants Pass Pharmacy in Oregon.
Local pharmacies: We need COVID vaccines too
Community pharmacies say they can play a critical role in delivering COVID-19 shots but aren't receiving as many vaccines proportionally as chains.
VW's long-awaited microbus revival to go autonomous
 A Volkswagen ID Buzz concept van.
Starbucks makes oat milk permanent menu option
Oatly oat milk will become the fourth non-dairy mi
Toyota RAV4 under investigation for fire risk
Toyota Rav4
How do I file my taxes online for free?: Tax...
We answer your coronavirus money questions.
COVID surprise: Many people love working from home
OPINION
Zoom meeting on Feb. 10, 2021, in Richmond, Virgin
Warren Buffett: Retirees 'face a bleak future'
Warren Buffett smiling with several people in the
Should you pay to have someone manage your retirement...
Hand with magnet attracting money from people's wa
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Investing in stocks: What the stock market was worth...
The Dow Jones Industrial Average closed out a tumu
 
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A tale of two stages: Golden Globes and Donald Trump

The best and worst moments from the Golden Globes, Johnson & Johnson begins distributing one-dose vaccines and more news to start your Monday. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

Daily Briefing
 
Monday, March 1
Amy Poehler, Maya Rudolph, and Kenan Thompson at the 78th Annual Golden Globe Awards held at the Beverly Hilton Hotel.
A tale of two stages: Golden Globes and Donald Trump
The best and worst moments from the Golden Globes, Johnson & Johnson begins distributing one-dose vaccines and more news to start your Monday.

It's officially March! (Can you believe it?! I truly cannot.)

Before we start, I want to welcome some new subscribers to Daily Briefing. Whether you're reading in bed or have just gotten your day started, this morning newsletter will give you a rundown of top news to expect today, and what people are talking about in real time. You can forward this email to friends and family, and they can sign up here. – Lindsay Deutsch

This morning, news chatter is a tale of two stages: On Sunday, the Golden Globes convened semi-distantly and semi-glamorously (more on that below). Also yesterday, former President Donald Trump spoke at the Conservative Political Action Conference in Florida, arriving late and starting with, " Did you miss me yet?"

☕️ More quick links to discuss over coffee:

Costco is increasing its minimum wage to $16 per hour, but there's more to the story
American Airlines diverted a flight after a 'disturbing and unacceptable' passenger fight over racial slur
Gov. Andrew Cuomo has apologized amid harassment claims, saying he was 'being playful,' never intended to offend or cause harm

Hope you're having a golden Monday, wherever you are in the globe ✨. In the meantime, you've gotten the news quickly. Now we dig in:

Distribution of J&J's one-dose COVID vaccine expected this week

The world is adding a third weapon to the country's COVID-19 arsenal . An advisory committee to the Centers for Disease Control and Prevention voted unanimously to recommend the Johnson & Johnson COVID-19 vaccine on Sunday. CDC Director Dr. Rochelle Walensky signed off on the recommendation soon afterward. The Johnson & Johnson shot was authorized Friday by the Food and Drug Administration for people 18 and older. It requires only one dose and does not have to be frozen. Johnson & Johnson said it began shipping its COVID-19 vaccine Sunday and expects to deliver enough single-shot vaccines by the end of March. 

A side effect of the COVID-19 vaccine can mimic a sign of breast cancer: This is normal, doctors say

COVID relief legislation, with $1,400 stimulus checks, heads to Senate

The Senate is now the focus of President Joe Biden's $1.9 trillion COVID-19 relief package after the House approved it Saturday . The bill, known as the American Rescue Plan, narrowly passed 219-212. And it faces a similarly rocky path in the evenly divided Senate, with no Republicans expected to support the bill. The president will have to count on every one of the 50 Democratic senators — and a tie-breaking 51st vote from Vice President Kamala Harris — to make sure its key pillars remain in the bill. The measure would provide millions of Americans $1,400 stimulus payments, ramp up vaccine distribution and extend unemployment aid through the summer. 

'The need is real': GOP mayors embrace Biden's COVID-19 relief plan even as Republican lawmakers pan it

Other trending stories this morning:

Could Tiger Woods have been asleep at the wheel before crash? Forensic experts weigh in
A 14-hour car ride, but still no shot: Some use road trips, Facebook groups to hunt for vaccine
'SNL': Marjorie Taylor Greene gives NSFW science lesson, talks gender neutral Potato Head
University in Michigan fires professor who used racist and homophobic slurs, called COVID-19 'leftist stunt'
Sen. Rick Scott, who objected to Pennsylvania vote count, says Biden 'absolutely' won fair and square
Former Notre Dame and NFL player Louis Nix III found dead, family confirms
White nationalists are once again using Christian symbols to spread hate
In deadliest avalanche month for US – 26 fatalities – Juneau, Alaska, 'dodged a bullet' this weekend
Is Donald Trump a declining parody or a terrifying threat? Mastio & Lawrence on CPAC 2021 (Opinion)

Golden Globes: Best and worst moments, from Tina and Amy's jokes to Chadwick Boseman's emotional win

Kicking off the strangest awards season of all time, road drama "Nomadland" and mockumentary sequel "Borat Subsequent Moviefilm" took home big honors at Sunday night's glitchy Golden Globes. Hosted by Tina Fey and Amy Poehler, the Golden Globes were even more unpredictable and chaotic than usual, thanks in large part to the show's hybrid virtual format. Amid the mayhem were some genuinely terrific moments, as "Nomadland" drove off with the night's biggest award for best drama, and Jodie Foster ("The Mauritanian") and Andra Day ("The United States vs. Billie Holiday") appeared genuinely surprised by their unexpected acting wins. Here are more of the best and worst moments from the show.

Golden Globes' biggest losers: Glenn Close, Frances McDormand and the voters
Golden Globes winners: See the full list as 'Nomadland,' Chadwick Boseman, 'Borat,' 'The Crown' win
Golden Globes fierce fashion: Cynthia Erivo, Angela Bassett, Amanda Seyfried and more stars
Jane Fonda calls on Hollywood leaders to improve diversity in powerful Golden Globes speech
Rasha Ali for This is America: Black people already knew the Golden Globes had zero Black members, you just didn't listen

White House criticized for not directly sanctioning Saudi prince for role in Khashoggi murder

The Biden administration is expected to make an announcement Monday related to sanctions on Saudi Arabia in response to the brutal murder of Washington Post journalist Jamal Khashoggi . Biden's administration has been criticized over its decision to thus far not directly punish Saudi Arabia's crown prince and de facto ruler, Mohammed bin Salman, despite the declassification of an intelligence report which clearly implicated the prince in Khashoggi's death. The State Department has issued 76 visa restrictions on Saudi nationals who are "believed to have been engaged in threatening dissidents overseas, including but not limited to the Khashoggi killing." Yet, bin Salman himself is not set to face any repercussions for the attack. The White House has so far resisted calls to enact punishments directly on bin Salman, arguing the geopolitics of the situation require a more delicate approach.

Saudi Arabia's Mohammed bin Salman complicit in Jamal Khashoggi's murder, US report says
Donald Trump at CPAC: Ex-president tears into Biden and his Republican critics

Thanks for reading. Have a wonderful month of March!

 
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