F UTURE ARCHAEOLOGISTS of the internet will unearth a fascinating shift in digital content in early 2020. Before this turning-point, social media were cluttered with videos of cats doing cute things. Now they are dominated by pictures of sourdough loaves doing nothing.
The experience of working with their hands has been, for many, revelatory. Kneading dough is more fun than manipulating figures. Erecting shelves is more satisfying than propping up failing companies. Snipping hair is more enjoyable than cutting budgets. Liberated from their narrow professional niches, these knowledge workers have found satisfaction exploring new skills.
Quite a lot has been going on:
Saint Lucia Considers the Economics of Cannabis Reform
National consultations on the cultivation of cannabis for domestic use and export are taking place in Saint Lucia, as the Caribbean country debates plans to diversify its agricultural industry. Saint Lucia is among an ever-shrinking group of countries in the Caribbean that have yet to enact cannabis reforms, either decriminalization or legalization for medical or adult use.
The consultations with stakeholders and the public come on the heels of a report shared last month with the country’s Cabinet of Ministers from the government-established Cannabis Commission, which explores “various models on the way forward” for cannabis reforms, including the introduction of adult-use provisions, according to Bradley Felix, the Minister for Commerce, Industry, Investment, Enterprise Development and Consumer Affairs.
Global trade - The race to lead the WTO begins | Finance & economics | The Economist
A ND THEY'RE off! On July 8th the window for members to nominate the next director-general of the World Trade Organisation ( WTO ) closed. Over the next few months members will try to pick between eight candidates, each hoping to rescue the institution from its present sorry state. The process will highlight some of the WTO 's best features—but will also show why the organisation is in such a mess.
Fans of the multilateral trading system boast about its openness. In line with that principle, the top job at the WTO is not sewn up for a European or an American, unlike those at the IMF or the World Bank. In fact, there are no candidates from America, China, the European Union, India or Japan. Nominations range from Egypt and Moldova to Mexico and South Korea.
Seeking haven - The pandemic revives ultra-safe European bonds | Finance & economics | The
The pandemic might help alleviate the shortage. Germany, once fixated on its "black zero", or balanced budget, will go deeply into the red. It may run a fiscal deficit of as much as 7.5% of GDP this year, reckons the Bundesbank. A raft of issuance may also come from an unusual source: the European Commission. If plans for it to finance the EU 's recovery spending go ahead, it could become a big influence in global capital markets.
The commission already issues a modest amount of bonds on behalf of the European Union, which it mostly lends on to member states. Its debt stock amounts to €52bn ($59bn, or 0.4% of EU GDP in 2019). Plans to fund the recovery from the pandemic will take this much higher. From September it will raise €100bn, which it will in turn lend to countries in order to finance temporary-employment schemes.
This may worth something:
'Not a man's field': Mariam Chamberlain and the Yale Economic Growth Center | YaleNews
Mariam Chamberlain — a leading figure in the establishment of women's studies in the United States, and, later, a key player in the ongoing struggle to create a level playing field for women in economics — was a member of the Yale Economic Growth Center's (EGC) founding team.
In 1961, Chamberlain was appointed executive secretary, tasked with overseeing the EGC's day-to-day operations. She was one of three women hired for research and administrative support, all of whom had Ph.D.s and were married to Yale economics professors.
Economists Think Congress Could Create An Economic Disaster This Summer | FiveThirtyEight
In partnership with the Initiative on Global Markets at the University of Chicago Booth School of Business, FiveThirtyEight asked 31 quantitative macroeconomic economists what they thought about a variety of subjects around the coronavirus recession and recovery efforts. The most recent survey was conducted from July 2 through 6, which means the June jobs report was fresh on respondents' minds — but so was the state of the pandemic, along with challenges ahead for lawmakers.
Biden set to unveil economic agenda in speech outside Scranton - CNNPolitics
(CNN) Presumptive Democratic nominee Joe Biden will unveil the first major plank of his economic agenda Thursday, detailing a moderate proposal to use government purchasing to spur manufacturing in sectors such as clean energy, infrastructure and health care.
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