Once the escalator to the middle class, big cities are now failing less-educated black and, in many cases, Hispanic workers, according to an MIT study.

The $2.65 billion deal, like previous high-tech mergers, will stifle innovation and competition, not enhance it.

The gift, part of Dorsey’s promise earlier this year to give away $1 billion, will go to a new coalition of 15 mayors founded by Michael Tubbs, the 29-year-old mayor of Stockton, California.

In the pandemic, the United States has relied on expanded unemployment benefits, while European governments have subsidized wages, avoiding a surge in joblessness.