In a warm, encyclopedic tribute to her family Wednesday night, as she formally accepted the vice-presidential nomination, Senator Kamala Harris skimmed past any discussion of her father, Donald J. Harris, a Jamaican-born professor of economics at Stanford University.
The reason is common to many of Ms. Harris's generation: She is a child of divorce, raised by a single mother who became her most profound influence.
Check out this next:
Cloth of gold - Why the economic value of a face mask is $56.14 | Finance & economics | The
Editor's note: Some of our covid-19 coverage is free for readers of The Economist Today , our daily newsletter . For more stories and our pandemic tracker, see our hub
A FTER A BRUTAL first six months of the year, governments across the world are hoping for an economic bounce-back. Rich-world GDP fell by about 10% in the first half of 2020. Yet much has changed since—including that more people are now wearing masks. Economists, obsessed with translating everything into GDP , wonder if more widespread face-covering could help the recovery.
Conforming to norms - China's monetary stimulus is unusually restrained | Finance & economics
By contrast, the assets of the Federal Reserve, the European Central Bank and the Bank of Japan have mostly risen over the past decade or so, as they undertook quantitative easing, buying up government bonds and, in some cases, corporate paper and equities. In order to minimise the economic damage from the coronavirus pandemic, they are buying yet more bonds. The PB o C , though, has barely added to its assets (see chart).
In part China's restraint is because the economy is in relatively better shape, with the virus all but stopped and a growth rebound well under way. Partly it also reflects what might be called the Kipling doctrine in China's bid to promote the yuan's international role: if you can keep your money supply in check when all about you are expanding theirs like mad, then reserve-currency status may some day be yours.
Spotlight on Economics: Economic lessons from precision agriculture in N.D. | Jamestown Sun
Many things are taking place:
Wantchekon leads new effort to propel Black students into top economics Ph.D. programs
In 2014, Princeton professor Leonard Wantchekon opened the doors to what is now one of the top-ranked economics programs in Africa. Today, the African School of Economics (ASE), with campuses in Benin and Côte d'Ivoire, offers several undergraduate degrees, four master's degrees, a Ph.D. program and a pre-doctoral program, all aimed at providing " a greater voice to African researchers and entrepreneurs in the debate over the continent's development."
We Have An Economic Eight-Body Problem
If you have three large objects that have gravitational impact on each other, you can determine where they have been in the past.
However, you cannot predict where they will be in the future. At least, not without great difficulty.
* * *
In economics, we are well beyond the three-body problem. I think it is more like an eight-body problem. See if you agree:
Economist Antoine Levy is all over the map | MIT News
Some of the stereotypical differences between the United States and France do check out, according to Antoine Levy: The weather and the food are much worse in New England, he says, and the people are much more welcoming. But for Levy, who is about to start the fifth year of his MIT PhD program in economics, the U.S. is starting to feel like his native France in some ways.
"For a long time, I thought France was obsessed by politics and the United States was not," he recalls. However, his impression has changed over the last five years. In France, from urban neighborhoods to small villages, he says everyone has an opinion on every government minister. Lately, he has felt a transformation around him, and has observed his peers in the U.S. becoming more interested in local politics as well.
'We'll get there, but it's going to take some time': Economists express cautious optimism for
The local economy is slowly recovering despite continued limitations on a variety of sectors, and the effects of the health pandemic may be felt for years, according to economists who spoke at a forum Thursday.
The first virtual rendition of the Long Beach Quarterly Economic Forum on Thursday offered insights into the city's economic standing before the pandemic, the impact lockdown orders have had on local business revenues and employment, and some predictions for the recovery process.
Happening on Twitter
Kamala Harris will be an incredible Vice President. Now let's get to work. We don't have a minute to waste. JoeBiden (from Wilmington, DE) Thu Aug 20 03:21:07 +0000 2020
Apparently, the DNC couldn't even find 30 people who were excited about Kamala Harris, so they had to duplicate som… https://t.co/GI6meR7Lel AZachParkinson (from Washington, D.C.) Thu Aug 20 03:17:15 +0000 2020
while Kamala Harris makes her "heavily personal" speech tonight telling you "who she is"... remember that as San F… https://t.co/9NnedRgoOX SteveHiltonx (from California) Wed Aug 19 21:39:57 +0000 2020
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