Bruce Jette, assistant secretary of the Army for acquisition, logistics, and technology, briefs reporters at the Pentagon, July 18, 2019. (U.S. Army photo by John G. Martinez)
The Army is embarking on a yearlong economic study in hopes to better predict tech modernization needs.
Bruce Jette, the Army's acquisition chief, said at an AUSA virtual event June 8 the Army is working on a "holistic economic model" that extends beyond the current two-year budget planning cycle, which can impede modernization efforts.
Were you following this:
John Maynard Keynes biography poses questions about big spending today - The Washington Post
Want smart analysis of the most important news in your inbox every weekday, along with other global reads, interesting ideas and opinions to know? Sign up for the Today's WorldView newsletter .
* * *
Are there ways in which he viewed social goods and the responsibilities of lawmakers that would challenge the mainstream norms of our present, especially in America?
Portrait of John Maynard Keynes by Duncan Grant 1917 ( @CharlestonTrust ). Economist. Painted in the garden at Charleston, Sussex. pic.twitter.com/rTwreWYLJQ
The U.S. is officially in an economic recession - Marketplace
It is now official — the National Bureau of Economic Research has declared that economic activity peaked in February of this year. That means the expansion that started in June of 2009 is now over, and we are officially in a recession.
“It would have been a bit ridiculous to wait to tell the world what we already knew and felt,” she said.
The NBER said the magnitude of production and employment declines warranted the official designation. Ghilarducci said what's different this time is how quickly we went from full employment to double-digit rates of unemployment .
European markets retreat despite hopes of economic recovery
European stocks closed lower on Tuesday as investors weigh up the prospects of an economic recovery after the coronavirus pandemic.
The pan-European Stoxx 600 provisionally closed down by more than 1%, with most sectors and major bourses in negative territory.
Banks and travel and leisure stocks led the losses, both off by more than 3%. On Wall Street, stocks were also mostly lower as investors took profits out of names benefiting from the economy reopening.
In case you are keeping track:
Subscribe to read | Financial Times
How Reskilling Can Soften the Economic Blow of Covid-19
Many governments have focused on providing special unemployment benefits to laid-off workers. However, few programs have tried to train and entice workers to switch over to understaffed sectors of the economy. To be sure, this approach is not a magic bullet — in the past months, consumer demand has dropped dramatically, meaning that some reductions in the workforce were inevitable, making unemployment assistance a necessity.
To correct this imbalance, we need mechanisms to assess missing skillsets quickly and rapidly retrain laid-off workers. Doing so requires speedy and seamless collaboration across different sectors, as this crisis cannot be dealt with either by the private sector or by governmental agencies alone.
The Global Economic Outlook During the COVID-19 Pandemic: A Changed World
An empty highway in Dubai during the coronavirus pandemic. Above the highway, a sign reads "Stay Safe, Stay Home." © Mo Azizi/Shutterstock
As the health and human toll grows, the economic damage is already evident and represents the largest economic shock the world has experienced in decades.
For emerging market and developing countries, many of which face daunting vulnerabilities, it is critical to strengthen public health systems, address the challenges posed by informality, and implement reforms that will support strong and sustainable growth once the health crisis abates.
Media advisory - Video conference of economics and finance ministers, 9 June 2020 - Consilium
Please note that there will be no physical press conference. EU accredited journalists will be able to ask questions remotely .
* * *
Your request will be handled by the Press Office of the General Secretariat of the Council in accordance with the provisions of Regulation (EC) No 45/2001 on the protection of individuals with regard to the processing of personal data by the Community institutions and bodies and on the free movement of such data.
No comments:
Post a Comment