Mnuchin and his ilk are betting everything that we'll survive climate change without breaking a sweat
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A guy who still insists that the 2017 tax cut "will pay for itself" should not be lecturing anyone about economics, but there's something about being in Davos that brings out the arrogance in people who think money and power confer wisdom.
Just a couple of days after he doubled down on his claim — without evidence or reason — that the Republican tax overhaul would start working any day now to boost the economy's growth potential and flood the Treasury with tax revenue, Treasury Secretary Steven Mnuchin had the gall to patronize teen-age climate activist Greta Thunberg over the demand she and others made that the world immediately stop using, subsidizing and investing in the fossil fuels that are endangering humanity with
This may worth something:
WV Senate approves home economics class for students
CHARLESTON, W.Va. (AP) — A new class on cooking, cleaning and budgeting could be coming to West Virginia schools under a bill passed Thursday by the Senate.
Lawmakers voted 33-0 to approve the proposal to have the state education board come up with a home economics course.
Slower is better - Is low economic growth a sign of success?
Fully Grown: Why a Stagnant Economy is a Sign of Success. By Dietrich Vollrath. University of Chicago Press; 296 pages; $27.50 and £20.
A big chunk of America's economic advance in the 20th century was driven by improvements in "human capital", the size and the skills of the workforce. In 1910 only a tenth of Americans completed high school; by the 1970s four-fifths were graduating. Many more now go on to college. A baby boom after 1945 increased the workforce; women piled into paid work in the 1970s and 1980s. All this added nearly a percentage point to annual per-capita GDP growth from 1950-2000.
Steven Mnuchin said Greta Thunberg needed to study economics before offering climate change
Speaking to reporters at the World Economic Forum's annual gathering in Switzerland, Treasury Secretary Steven Mnuchin was asked about calls from climate change activists such as Greta Thunberg for investors to pull their money out of fossil fuel stocks.
Mnuchin jokingly pretended to be unfamiliar with Thunberg, who even while still a teenager has become a leading global proponent of addressing the warming planet. Last year, she was Time magazine's "Person of the Year."
Not to change the topic here:
Relativity Space could change the economics of private space launches – TechCrunch
The private launch market is an area of a lot of focus in the emerging space startup industry, not least because it unlocks the true potential of most of the rest of the market. But so far, we can count on one hand the number of new, private space launch companies that have actually transported payloads to orbit. Out of a number of firms racing to be the next to actually launch, LA-based Relativity Space is a prime contender, with a unique approach that could set it apart from the crowd.
Breakingviews - Hadas: Davos-economics faces political puzzles - Reuters
LONDON (Reuters Breakingviews) - The core of Davos-economics is pretty simple. Most of the powerful people hanging around at the World Economic Forum’s Swiss confab this week would agree that some mix of feisty private sectors, competent but limited governments and ample international trade are crucial ingredients for durable and increasing prosperity. The politics these days are challenging that simple consensus.
The political economy of the Middle Kingdom has followed the Davos-preferred model fairly closely. A strong government encouraged a rapidly expanding private sector, which built up technological excellence though extensive cross-border trade. The Davos recipe has cooked up steady, rapid growth: an annual 6.1% per capita rate in the most recent five years, according to International Monetary Fund data.
Bloomberg - Are you a robot?
U.S. Economic Confidence at Highest Point Since 2000
WASHINGTON, D.C. -- Americans' confidence in the U.S. economy is higher than at any point in about two decades. The latest figure from Gallup's Economic Confidence Index is +40, the highest reading recorded since +44 in October 2000.
Americans' buoyant confidence in the economy in Gallup's latest poll, conducted Jan. 2-15, likely reflects the U.S. unemployment rate's continued stay at a 50-year low. Meanwhile, the Dow Jones Industrial Average continues to reach record highs -- and flirts with reaching the 30,000 marker.
Happening on Twitter
Rather than try to pretend she knows something about economics she could further her cause much more by going to pl… https://t.co/hh96ObusEL DonaldJTrumpJr Thu Jan 23 16:46:02 +0000 2020
More likely now that there'll be no witnesses… but, now everyone knows much more about the Bidens/Ukraine corruptio… https://t.co/Qn2865AMk4 AdamBaldwin (from USA) Fri Jan 24 06:02:24 +0000 2020
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