Ellora Derenoncourt is a new member of UC Berkeley’s economics faculty. (Photo by Shruti Parekh)
Other things to check out:
Storing up trouble - The Epic-Apple courtroom battle commences | Business | The Economist
Epic is not the first to challenge Apple's software practices (see table). But it is the most serious yet. It started in August, when Epic offered "Fortnite" players who use iPhones 20% off in-game purchases if they paid Epic directly rather than through Apple's App Store, which takes a 30% cut on most transactions made in iPhone apps. This violated the App Store's terms; "Fortnite" was duly booted from the platform. Expecting this, Epic responded with the lawsuit (and a cheeky PR campaign).
Publishing and evaluating success in economics: A new eBook | VOX, CEPR Policy Portal
The publication process in economics is characterised by long publication lags and excessive weight given to a very small number of journals, while the profession itself is seen by many as hierarchical, clubby and characterised by gender and racial biases. This column introduces an eBook which takes stock of these issues with a series of short essays focusing on how economists publish their research and measure academic success.
Amid economic and racial crises, legacy city collaborations point a path forward
Not to change the topic here:
Pelosi, Meadows say they're hopeful new economic relief deal is within reach - The Washington Post
Pelosi told reporters at the Capitol an agreement could come this week, which is supposed to be Congress's final one in session before recessing through the election. She spoke by phone for about 50 minutes Tuesday morning with Treasury Secretary Steven Mnuchin, with whom she negotiated four relief bills in March and April totaling about $3 trillion.
Pelosi and Mnuchin are set to talk again Wednesday, at which point Mnuchin is expected to come back with a more detailed response, according to two people with knowledge of the talks who spoke on the condition of anonymity to discuss them.
Why a V-Shaped Economic Recovery Is Still on Track | Barron's
U.S. markets may have been volatile in recent weeks but analysts aren't giving up hope of a V-shaped economic recovery.
Economic data has largely been positive. There is room for continued growth even if Congress fails to pass another stimulus package , according to a note Tuesday from Ed Yardeni of Yardeni Research. By his measure, there's still some juice left in the Cares Act—signed in March—to keep supporting the economy.
Weighing in favor of the rebound is the unprecedented levels of monetary stimulus provided by the Federal Reserve. Low interest rates have helped home-buyers looking to leave densely populated urban areas. Of course, on this front, the economic recovery will be uneven—something Yardeni acknowledges—because industries such as restaurants, hotels, and entertainment, which typically thrive in cities, are under pressure.
Trump's boasts about pre-coronavirus economy aren't relevant, economists say
As President Donald Trump and the Democratic presidential nominee Joe Biden trade boasts and barbs over the former and the current state of the economy, analysts have zeroed in on Trump's claims of record-high job creation — which comes saddled with significant caveats.
"The job market is still a shadow of what it was prior to the pandemic," Mark Zandi, chief economist at Moody's Analytics, said.
The White House bragged about the jobless rate falling from a peak of 14.7 percent in April to 8.4 percent in August, but that decrease obscures the sobering deficit that still remains of more than 11 million jobs, compared to the pre-pandemic labor market.
Snapback - Why is America's economy beating forecasts? | Finance & economics | The Economist
He may be proven right. Over the summer the unemployment rate fell fast, to 8.4% in August. And economists have scrambled to upgrade their growth forecasts (see chart). On September 16th the OECD , a rich-country think-tank, predicted that the American economy would shrink by 3.8% this year, rather than the 7.3% expected in June. The outlook was upgraded across the rich world, but nowhere by as much.
The upgrades in America can be attributed to three factors. First, the spread of the coronavirus in the southern "sunbelt states", which rode a wave of the epidemic in the summer, has slowed. Second, America's economic stimulus, the world's largest both in absolute terms and as a proportion of GDP , has been potent.
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Meet the ROCCAT Burst Pro and Burst Core, our new lightweight optical gaming mice 🖱 They feature a new, symmetrica… https://t.co/WhZTOreYQj ROCCAT (from Hamburg, Germany) Tue Sep 29 12:30:00 +0000 2020
Our new HEROES Act was just introduced. Lives and livelihoods are at stake, and the House will meet the moment and… https://t.co/8Wec529sZz RepDeanPhillips (from Minnesota, USA) Tue Sep 29 00:53:01 +0000 2020
I went to New Orleans this weekend to meet with voters and volunteers. We talked about protecting healthcare, socia… https://t.co/di31dTzXEd PerkinsforLA (from Shreveport, LA) Mon Sep 28 22:12:41 +0000 2020
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