SAN FRANCISCO — Businesses shuttered by the pandemic are slowly reopening, but technology complexes are quiet, their workers carrying on from home indefinitely. The smoke-filled skies had started to clear, but new fires have arrived in a fierce wildfire season that shows the intensifying effects of climate change.
Now California and its $3 trillion economy are confronting a profound question: How much will go back to normal, and how much has been permanently changed?
Quite a lot has been going on:
The pandemic's shadow harvest - Will the economic and psychological costs of covid-19 increase
New Deadline For Claiming $1,200 Economic Stimulus Payments: November 21
If you're eligible to receive the Earned Income Tax Credit or the Child Tax Credit, you can't use the non-filer tool. Instead, you must file a regular tax return for 2019 as soon as possible, and the IRS will use that information to calculate your stimulus payment, if one is due.
Why the November 21 cutoff? The 2021 filing season is looming! "The IRS is deeply involved in processing and programming that overlaps filing seasons. Any further extension beyond November would adversely impact our work on the 2020 and 2021 filing seasons," said IRS Commissioner Chuck Rettig.
Economists growing less optimistic about outlook for U.S. economy - MarketWatch
The road ahead for the U.S. economy looks rockier now than it did in June, according to a survey of economists released Monday.
While growth is expected to continue, a panel of 52 economists has lowered its forecast for the rate of growth for the last three months of this year and for 2021, the National Association for Business Economists said.
Economists cut their forecast for October-December growth to a 4.9% annual rate from their prior estimate in June of a 6.8% rate.
And here's another article:
Pope Francis Says Covid-19 Pandemic Shows Limits to Market Economics - WSJ
Biden's Tax Plan Would Spur Economic Growth - WSJ
Every four years a Democrat runs for president on a platform that includes higher taxes for the wealthy. And every four years a group of people predicts that the sky will fall if those plans are implemented. Yet every time their plans have been implemented, the sky hasn't fallen—if anything, economic growth and business investment have been stronger under Democratic than Republican presidents.
UCI Podcast: At the intersection of economics and political philosophy | UCI News | UCI
What is the Federal Reserve? What does it do? When is debt not a bad thing? Is a universal basic income economically sustainable? Why would you take financial advice from philosopher? Aaron James, UCI professor of philosophy, works at the intersection of economics and political philosophy and is co-author of a new book, "Money from Nothing: Or, Why We Should Stop Worrying About Debt and Learn to Love the Federal Reserve," published by Melville House.
Letter from London: UK thermal generation economics in a spin
The June appointment of administrators for the UK's Severn Power and Sutton Bridge combined-cycle gas turbine (CCGT) power plants owned by independent power producer Calon Energy was, unfortunately, no great surprise. Even when Calon bought Sutton Bridge from France's EdF seven years ago, its commercial assumptions were optimistic.
Calon plants may well have been negatively impacted by 2020's UK power demand reduction due to the Covid-19 pandemic. It certainly would not have helped.
Happening on Twitter
#BigData can empower farmers to understand various risks associated with agricultural practices & analyse insurance… https://t.co/q0k8nampGW stpiindia (from East Kidwai Nagar, New Delhi) Mon Oct 05 07:45:14 +0000 2020
The multiple calamities that have befallen the Trump campaign remind operatives of the days before Reagan's drubbin… https://t.co/FovL3TZcJB nationaljournal (from Washington, D.C.) Tue Oct 06 03:30:46 +0000 2020
Start thinking about what this means for dropout rates, incarceration rates, family formation, unemployment, undere… https://t.co/SyGwMbzygR Tommy_USA (from Washington, DC) Fri Oct 02 14:19:37 +0000 2020
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