GOLDMAN GIVES HALF DAY OFF OPTION ON ELECTION DAY — Per email from Goldman CEO David Solomon to employees: "To help support you and your opportunity to participate in the election, we will offer all employees who are eligible to vote and currently in the US up to a half-day of paid leave on Election Day. This paid time off can be used only on Tuesday, November 3." Other banks are doing similar things. JPMorganChase, for instance, is part of the Time to Vote Coalition and plans to give up to four hours paid time off on Election Day. MILKEN BURST: INFRASTRUCTURE IN THE SPOTLIGHT — MM spoke with Matt Horton, Director at the Milken Institute Center for Regional Economics and California Center, and Dan Carol, Director at the Milken Institute Center for Financial Markets. Both are heavily focused on infrastructure at the federal and state levels and recently wrote in The Hill about how to rethink our approach to addressing the $4 trillion in unmet needs. The key point: Providing pre-development funding to get projects from shovel-worthy to shovel-ready. Dan Carol: "What we are focused on is a shift in the paradigm a little bit … to what are the immediate community needs post-Covid for infrastructure projects … What we've been pushing with our proposal is this idea of providing project development capital to lots of communities that want to do projects whether it's broadband or otherwise … Matt Horton on where needs are greatest now: "We have gross under investment in housing that crosses over major markets for essential workers … And a real lack of access to transit and mobility as well as a lack of clean water and broadband." You can read more about their efforts here. Also at Milken on Monday: Goldman CEO David Solomon ( watch here), on how today's crisis is forging our future "Financial institutions use an enormous amount of technology to serve their clients and serve their customers…. The pandemic has only accelerated that." Health and Human Services Secretary Alex Azar (watch here ) on Covid-19: "These simple measures — washing your hands, watching your distance, wearing your face coverings when you can't watch your distance — these are your ticket, actually, to freedom … "We believe we'll have enough vaccine by the end of December to vaccinate the most vulnerable populations in the United States, by the end of January, enough to vaccinate all of our seniors, health-care workers, and first responders" All sessions can be vewed here. SENATE GOP FRUSTRATED BY TRUMP ON STIMULUS — Our Burgess Everett and Marianne LeVine: "The coronavirus stimulus talks between Nancy Pelosi and Steven Mnuchin have been excruciating. But they'll fuel an even more painful firefight within the GOP if the speaker and Treasury secretary can somehow get a deal. "The bulk of the Senate GOP is resistant to the spending numbers being tossed around by Pelosi and Mnuchin, meaning a majority of Republicans in the GOP-controlled Senate would likely vote against a deal in the ballpark of $2 trillion. And that's if the legislation even comes up at all." NEW TODAY — Per release: "The Peterson Institute for International Economics (PIIE) on … is launching a comprehensive new series, Rebuilding the Global Economy, of research and dialogue laying out the economic challenges revealed and worsened by the Covid-19 pandemic" ECON IMPACT FROM NO STIMULUS GROWS — Via Reuters: "On Sept. 1, U.S. health officials announced they would suspend evictions across the United States to help stem further spread of the novel coronavirus. That was three days too late for Latrise Bean. "About 72 hours before the declaration by the U.S. Centers for Disease Control and Prevention (CDC), Bean, 35, was ordered evicted from her Milwaukee apartment. She'd lived there for three years despite the sagging ceilings, smell of urine in the hallways and homeless squatters in the basement - because it was all she could afford." BLANKFEIN ON BIDEN — Via Charlotte Alter in TIME: "There are … signs that Biden's economic message is resonating on Wall Street and in the broader business community. … 'Many in business dreaded an outcome where the Democratic Party controls both houses and they put in a very progressive platform of aggressive regulation, higher taxes, and other business unfriendly stuff,' says Lloyd Blankfein, the former chairman and CEO of Goldman Sachs … "'But at this point, the unpredictability and volatility of the Trump administration have made people's heads spin enough to make it six of one, half a dozen of the other.' Concerned investors, Blankfein says, 'are not jumping off a bridge if Biden gets elected, because they're sick of what we have at this point.'" | 
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