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“#Strict states ruined livelihoods — without saving lives” At a time when politics has become vicious and national, Americans would benefit from looking at leaders’ competing visions at the state level. Who is actually making people’s lives better or worse, and how? The public may be starting to do so as Govs. Ron DeSantis, Gavin…
“#US economy surges in first quarter as COVID recovery gains steam” The US economy surged 6.4 percent in the first quarter of the year as the US recovery from the COVID-19 pandemic picked up speed, driven by government spending and mass vaccinations. America’s gross domestic product — the value of all goods and services produced…
“#Joe Biden’s supersize government threatens economy” About 15 minutes into Joe Biden’s first major speech as president of the United States, I e-mailed my editors at The Post and said, “I think he’s delivering it beautifully. It’s quiet and intimate and intense.” Forty-five minutes later, I sought to comfort myself by thinking of the comedian Mort…
“#Fed holds steady even as it nods to ‘strengthened’ recovery” The Federal Reserve held interest rates and its monthly bond-buying program steady on Wednesday, nodding to the US economy’s growing strength but giving no sign it was ready to reduce its support for the recovery. “Amid progress on vaccinations and strong policy support, indicators of economic activity and…
“# Polygon co-founder raises $2.2M for India COVID-19 relief ” The cryptocurrency community has donated over $2.2 million to help India battle a resurgence in COVID-19 cases that has gripped the South Asian country over the past month. Polygon co-founder Sandeep Nailwal established the COVID-19 relief fund to get more food, vaccines and medicine to…
“#Rising employment shows that the US economy doesn’t need more ‘relief’” With the economy showing evidence of steady recovery, federal aid incentivizing unemployment may soon be a bigger problem for the job market than pandemic layoffs. Thursday’s Labor Department report showed 547,000 first-time unemployment claims this week, marking the second straight week of record-low initial…
“# Bitcoin facilitates a global economy, says Tim Draper ” Venture capitalist Tim Draper is continuing his bullish talk on Bitcoin in some investment tips for those new to the crypto space. Speaking at the Collision web summit on Thursday, Draper said Bitcoin (BTC) could incentivize governments around the world to compete for the attention…
“#Workers file 547K new jobless claims in sign layoffs are slowing” The number of Americans applying for unemployment benefits has hit its lowest level since the pandemic began, the Labor Department reported Thursday. First-time claims for unemployment insurance totaled 547,000, significantly below the Dow Jones estimate for 603,000, putting the economy on track to return…
“#The big issue in the next federal budget should be the Care Economy” It’s Canada’s biggest economic driver, and our best pathway to a recovery. Here’s how governments can take it seriously. Pat Armstrong, professor of sociology, York University; Marjorie Cohen, professor of political science, Simon Fraser University; Laurell Ritchie, Good Jobs For All Coalition;…
“#Dow crosses 34,000 mark as stocks head to new record highs” The Dow Jones Industrial Average crossed the 34,000 mark Thursday as US stocks rallied toward records after a suite of encouraging data showed how hungry Americans are to spend again, how fewer workers are losing their jobs and how much fatter corporate profits are…