The Winter 2020 issue of the Regional Economic Analysis of Louisiana (REAL) Report was recently published by undergraduate economics majors in Louisiana Tech University's College of Business.
Senior economics majors Matthew Flynn, Levi Holder, and Ddon Nguyen were part of the team analyzing the impact of Tech Pointe II on North Louisiana's economy. "One thing that I found to be quite interesting was Tech's unique ability to economically affect our region," said Flynn, whose research focused on the impact the increase of jobs would have on the state.
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Free exchange - Covid-19 could lead to the return of inflation—eventually | Finance and economics
Worries about soaring prices start with the observation that virus-fighting measures choke off production. Crudely put, inflation is the result of too much money chasing too few goods. At present the amount of goods and services available for purchase is tumbling. Many service industries are shut down. The virus is playing havoc with the supply of some products.
Massive stimulus programmes are another potential source of inflation. Governments around the world are borrowing heavily to finance schemes that support firms and workers. Central banks are flooding economies with newly created money. Over the past month the balance-sheet of the European Central Bank has grown by €550bn ($600bn), or nearly 12%, and that of the Federal Reserve by nearly $2trn, more than 40%. Printing money during the global financial crisis did not spark rapid inflation.
Now That We Know We Can Change, Harvard Economist Says, We'd Better
The pandemic shows that we're capable of rapid change, but also that we need to be better prepared.
The coronavirus pandemic shows that companies and the economy can respond quickly and globally to natural threats, said a leading expert on organizational change, but also that we need to better prepare for climate change.
"There's so much inertia in the system. Climate change can seem distant; it can seem invisible. Why should I worry about it?," she said, characterizing the outlook of businesses before covid-19.
Fauci warns protests will 'backfire,' slow economic recovery | TheHill
"So what you do if you jump the gun and go into a situation where you have a big spike, you're going to set yourself back," he said. "So as painful as it is to go by the careful guidelines of gradually phasing into a reopening, it's going to backfire. That's the problem."
The president on Friday threw his support behind protesters in Minnesota, Michigan and Virginia who held demonstrations to oppose stay-at-home orders and other restrictions meant to curb the spread of the virus, calling to "liberate" those states. All three are run by Democratic governors.
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Treasury Secretary Steve Mnuchin says US economic recovery will happen in "months.
Treasury Secretary Steven Mnuchin said on Sunday that he thinks the United States economy will bounce back to the position it was in before the coronavirus pandemic in a matter of "months," a sunny prediction at odds with many economists who see the US as entering a historic economic downturn.
When asked by CNN's Jake Tapper on State of the Union if he thinks the economy will rebound to pre-coronavirus levels of strength in months or years, Mnuchin said he believed it would be the former.
EU economics chief: 1.5 trillion euros in aid could be needed to tackle
BERLIN (Reuters) - The European Union’s Economics Commissioner Paolo Gentiloni told German magazine Der Spiegel that aid worth around 1.5 trillion euros ($1.63 trillion) could be needed to tackle the coronavirus crisis.
“The Eurogroup has now made proposals for aid worth more than 500 billion euros to finance healthcare and short-time work and to help small and medium-sized companies. That leaves at least one trillion euros. This is roughly the amount we need to be dealing with now.”
Quick Hits: Bautista, Holland, Pirates, MLB Economics - MLB Trade Rumors
“We’re all told at some point in time that we can no longer play the children’s game, we just don’t…we don’t know when that’s gonna be. Some of us are told at eighteen, some of us are told at forty, but we’re all told.”
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I respect Joey Bats hustle and passion in the attempt. That said, I don’t think the first truly successful modern day duel player is gonna be a 40 year old who hasn’t been a good-enough hitter in four years.
The Economic Data Is About to Get Weird - The New York Times
The United States is experiencing an unfathomable collapse in its economic activity. That much we know. But more so than in even in a normal recession, the tools we have to understand what is happening to the economy are becoming distorted or harder to interpret, for a wide range of reasons.
Major economic indicators like the jobless rate rely on surveys of people and businesses, but the Covid-19 crisis is already affecting how many people and businesses respond to them. This could distort results. Bottlenecks in state employment systems are artificially holding down the number of people who can file for unemployment benefits. And for vast numbers of people, it is not obvious how their employment status should be classified.
Happening on Twitter
This idiocy relies on the nonsensical belief that you can scale contact tracing on a virus that can spread asymptom… https://t.co/w8crBEUY3V seanmdav (from Anytown, USA) Sat Apr 18 23:30:20 +0000 2020
Me from Monday to Saturday: "the stock market is an formalized form of financial gambling upheld to enrich the rich… https://t.co/tYdOfAc6NK tha_rami (from 30,000ft) Sun Apr 19 12:37:52 +0000 2020
I really can't emphasize the degree to which elite Washington has lost touch with even the economics profession on… https://t.co/VysrWGHvG1 zachdcarter (from Brooklyn, NY) Mon Apr 20 13:37:19 +0000 2020
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