NPR's Michel Martin speaks with New York Times economics reporter Jim Tankersley about the role the economy is playing in the 2020 election and his new book, The Riches of This Land .
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We're going to shift our attention to the economy now. It's a central message from each candidate ahead of the election. That's because the economy is still reeling from the coronavirus pandemic and efforts to control it. With double-digit unemployment and a slow economic recovery, it's clear this will be one of the major lines on which this election will be fought. And that got us thinking about how each party is making their case for how to fix it.
In case you are keeping track:
Rethinking The Brick Switch: The upside telework economics of COVID-19 | Townnews |
An office building is a sort of "brick switch,'' a concentration and routing point for human knowledge and ideas. Imagine it as a telephone central office where phone customers have to go in person to complete calls face to face.
Before the late 1800s, the brick switch was the only known way to integrate an enterprise. Except for mail, we had no contact beyond the reach of our voices. There was data communication of sorts (the telegraph) but the "brick switch" brought most of us together.
Mayors Of College Towns Brace For The Economic Impact Of Remote Learning : NPR
The University of Alabama in Tuscaloosa makes up a sizeable portion of the city's population of roughly 100,000. Mayor Walt Maddox says losing an entire semester of school would be "economically disastrous for our community." Wesley Hitt/Getty Images hide caption
Across the country, colleges and universities are struggling to decide how to teach students in the midst of the COVID-19 pandemic. Some schools have turned to remote learning; some have attempted to reopen campus with various precautions in place. Others are trying a mix of both.
China's slower factory growth eclipsed by robust services in boost to economic recovery |
BEIJING (Reuters) - China's factory activity grew at a slower pace in August as floods across southwestern China disrupts production, but the services sector expanded at a solid rate in a boost to the economy as it continues to recover from the coronavirus shock.
The world's second-biggest economy has largely managed to bounce back from the health crisis, though intensifying Sino-U.S. tensions over a range of issues and the global demand outlook remain a risk factor.
And here's another article:
Consumer spending up in July | Economics | oanow.com
WASHINGTON — U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 million people jobless.
The July gain marked the third straight monthly increase in consumer spending, the primary driver of the U.S. economy, but represented a slowdown from the previous two months. Friday's report from the Commerce Department also showed that income rose 0.4% in July after two months of declines.
Opinion: Trillions in coronavirus spending is putting AOC’s favorite economic theory to the
French philosopher Voltaire famously quipped : "If God did not exist, it would be necessary to invent him." Something similar can be said of modern monetary theory, also known as MMT, because it may be the economy's only hope to get through the pandemic.
I'm currently working on a book chapter that examines various economic theories about government debt, including MMT. I believe this theory is now being put to the test as the U.S. and other countries spend unprecedented amounts of money to aid companies, workers and their citizens during the coronavirus pandemic.
Turkey Likely Spared Worst of Economic Damage Inflicted by Coronavirus - Bloomberg
Turkey probably contained the damage from the coronavirus pandemic last quarter with a campaign of stimulus that came at the cost of destabilizing the lira.
The $750 billion economy likely fared better than many of its peers, thanks in part to a combination of interest-rate cuts, fiscal spending and a government-sponsored credit push. Data on Monday will show gross domestic product shrank 10.7% from a year earlier, according to the median of 17 forecasts in a Bloomberg survey.
Three new members named to Grand Forks Region Economic Development Corporation | Grand Forks
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