Economics professor Dania Francis researches topics such as racial and socio-economic disparities and student achievement gaps. But she recalls a moment during her graduate studies when a professor discouraged her from pursuing those interests.
"Don't be the black person that studies black issues," Ms. Francis recalled the person saying. "Study something legitimate first, so that people can understand you're a legitimate scholar and then go on to do [race-related research] once you've made a name for yourself."
And here's another article:
China Moves to Steady Its Slowing Economic Growth - The New York Times
HONG KONG — China on Wednesday moved to pump more cash into its financial system, suggesting that Beijing remained concerned about faltering growth despite signs that the world's second-largest economy was stabilizing.
China's central bank, the People's Bank of China, announced that it would inject about $115 billion into the economy by freeing up banks to lend more money. The move comes after a similar action in September .
The change, announced on the New Year's Day holiday, is likely to focus renewed attention on the health of the Chinese economy, a major driver of global growth. The move is relatively modest given the vast size of the Chinese economy, but the timing suggests that the country's leaders are on high alert for new evidence of a slowdown. It follows a recent meeting of the country's top economic planners and comes just weeks before Beijing releases closely watched estimates of year-end growth.
Christmas bonus - The causes of a booming stockmarket are unlikely to last through 2020 | Finance
T HE CHRISTMAS of 2018 was a dismal one for American stockmarket investors. Meagre gains eked out through a volatile year were reversed at its end, on fears of slowing global growth and all-out trade war between America and China. The S&P index of large companies tumbled by 15% between November 30th and December 24th that year. Many thought a recession was imminent.
The fears proved overblown. The S&P 500 rose by 28.9% during 2019, close to the 2013 record increase and well above the average annual gain for the past decade (see chart). December is often good for markets—a phenomenon traders call the "Santa rally". This one was particularly strong, with the index rising by 2.9%. Markets beyond America also did well. The FTSE All-World, a global index, rose by 24% in dollar terms, its best showing since 2009.
Richard Thaler on Behavioral Economics 101: Stop Sabotaging Your Portfolio -
For Barron's readers, Richard Thaler is the 2017 Nobel Laureate who popularized the notion that people's biases and impulses are profoundly relevant to the study of economics. His academic work is extensive, and he's written more mainstream books such as Misbehaving: The Making of Behavioral Economics , an account of his career and battles with the economics establishment, and Nudge: Improving Decisions About Health, Wealth, and Happiness , which he cowrote with legal scholar Cass
And here's another article:
Falling Battery Price Transforms Economics of Green Energy | Chicago News | WTTW
A dramatic fall in the price of lithium-ion batteries over the past decade is transforming the economics of renewable energy as well as the affordability of electric vehicles.
Since 2010 the cost of a lithium-ion battery per kilowatt hour (kWh) has fallen almost 90%, from $1,183 in 2010 to just $156 in 2019.
Given a typical electric car might have a 30 kWh battery, it means that battery in 2010 would have cost over $35,000. Now, the cost of that same battery would be less than $5,000.
Another lacklustre year of economic growth lies ahead - Daily chart
GLOBAL GROWTH in 2019 was the slowest since the financial crisis of 2008-09. The world's GDP rose by roughly 2.2%. This year will be little better, according to the latest estimates from the Economist Intelligence Unit (EIU), a sister company of The Economist . The EIU forecasts that the global economy will expand by 2.4% in 2020.
Rich economies are expected to grow at roughly the same lacklustre pace as they did in 2019—the euro zone's, almost exactly the same: 1.3%, against 1.2% last year. The EIU sees a fairly sharp slowdown in America, from 2.3% to 1.7%, as trade tensions continue to depress trade and investment. A continuation of the global slowdown in manufacturing will also drag down growth worldwide. A no-deal Brexit could make matters worse, for Britain and its trading partners.
Premarket stocks trading: China flexes its economic and political muscle - CNN
Governing dangerously - A year of Jair Bolsonaro | Leaders | The Economist
W HEN JAIR BOLSONARO took office as Brazil's president on January 1st 2019, many observers feared the worst. The former army captain had made his name by extolling the military dictators who ruled from 1964 to 1985 and by disparaging women and gays. He won the election because voters were traumatised by the country's worst-ever recession, from 2014 to 2016, by crime and by revelations of corruption at the highest levels of politics and business.
Mr Bolsonaro's main achievement is pension reform, a prize that has eluded Brazilian governments for decades and which congress agreed on in November. This will help remove a trap that Brazil set itself by paying lavish benefits to people who, on average, retire in their mid-50s. Without reform, pension spending as a share of GDP would have nearly doubled by 2050, with alarming consequences for public debt and the government's capacity to spend money on anything else.
Happening on Twitter
250,000,000 trees burnt so far? As a rough estimate - does that sound right? If the trees were valued at $100 each… https://t.co/f563TU88po TheKouk (from Canberra) Thu Jan 02 08:31:53 +0000 2020
#जागरणजनमत क्या इन्फ्रा सेक्टर को मिले 102 लाख करोड़ रुपये के पैकेज से अर्थव्यवस्था को अपेक्षित तेजी मिलेगी? #economics JagranNews (from India) Wed Jan 01 12:59:23 +0000 2020
question: are these policies what you would characterize as a version of Trickle Down Economics? Happy New Year btw… https://t.co/lXXNrrcckV RealRonHoward (from Beverly Hills, CA) Wed Jan 01 16:50:16 +0000 2020
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