Federal Reserve officials stepped up calls for additional government spending to avoid an uneven and protracted economic recovery from the coronavirus pandemic.
The recovery would move along faster "if there is support coming both from Congress and from the Fed," Chairman Jerome Powell said during the second of three days of congressional testimony Wednesday.
Check out this next:
Seasonal economics of food during a pandemic | MSUToday | Michigan State University
Michigan State University’s Trey Malone answers questions about the economics of food in the coming months and how the COVID-19 pandemic will affect typical seasonal patterns. Malone is an assistant professor of agriculture, food and resource economics in the College of Agriculture and Natural Resources .
* * *
So long as expectations are consistent, U.S. food supply chains are incredibly capable of reaching their end consumers. The holidays will be a mixed bag in terms of how the pandemic will alter what people want. For example, with Halloween on the horizon, I’m not expecting candy sales to reach their normal levels given restrictions on trick-or-treating and gatherings.
New election models from The Economist show Democrats with a 68% chance of winning Senate and 99%
The Economist' s House and Senate statistical election models update every day as more data becomes available, and predict how many seats in the House of Representatives and Senate each party is likely to control in the next Congress. A total of 470 seats in the U.S. Congress are up for election (35 Senate seats and all 435 House seats), including two special elections for the U.S. Senate.
Now in the thick of the 2020 elections, John Prideaux , US editor explains "Americans are facing some of the most important elections in US history. With these two new models, our "Checks and Balance" newsletter and podcast we aim to give our readers and listeners fair-minded analysis in what will be an emotionally charged media environment.
Not all of China is recovering from coronavirus hit at the same rate, survey finds
BEIJING — The economic recovery in China from the shock of the coronavirus is only happening in part of the country, according to an independent survey by the China Beige Book released Thursday.
Government-released data in the months since have pointed to further recovery overall. China economists from Nomura expect third-quarter GDP to grow 5.2% from a year ago.
An independent survey of more than 3,300 businesses in the country between Aug. 13 and Sept.12 shows that growth story is intact — in the wealthier, coastal regions, according to the China Beige Book's early look brief. The firm conducts the survey quarterly.
Were you following this:
Recent employment gains likely to slow down: TD Economics | Investment Executive
It only took four months to regain two-thirds of Canadian jobs lost early in the Covid-19 pandemic, but recovering the final third could take much longer, a report from TD Economics says.
Economies reopening after March and April lockdowns unleashed pent-up demand and led to rapid employment gains, said the report published Wednesday . More than 1.9 million of the 3 million jobs lost between February and April have been recovered.
Larry Ellison's last stand - Can TikTok help Oracle stay relevant in the cloud-computing age?
LARRY WHO? A few weeks ago asking a young tech worker in Silicon Valley about Larry Ellison, co-founder, former boss and now chief technology officer of Oracle, may have elicited blank stares. More surprising, given that his company is still the world's second-largest software-maker, a follow-up question may have been: "Remind me what Oracle sells?"
Being treated like a has-been must have irked the 76-year-old Mr Ellison. In Oracle's heyday 20 years ago he was Silicon Valley's best-known rogue billionaire—yesteryear's Elon Musk. "The Difference Between God and Larry Ellison", one of the many books written about the firm and its colourful founder, was subtitled "God Doesn't Think He Is Larry Ellison".
In Slumping Energy States, Plugging Abandoned Wells Could Provide an Economic Boost | The Pew
WATFORD CITY, N.D. — It's rare for Tom Brooks to say no to work. Which is why, in the middle of a pandemic and a worldwide slump in oil prices, Brooks mustered up a crew to plug a 42-year-old oil well for the state of North Dakota.
Now, what's helping keep Brooks and other oilfield service companies in business — just barely — is North Dakota’s $66 million stimulus program to plug 239 abandoned oil wells and to reclaim 2,000 acres of land, including those damaged by past oil and brine spills.
No comments:
Post a Comment