Wednesday, November 18, 2020

Free exchange - Joe Biden’s economic record will be shaped by the Federal Reserve | Finance &

BARACK OBAMA'S economic record was overshadowed by a torturously slow recovery from the global financial crisis. A premature turn to deficit-reduction left America's recovery in the hands of a Federal Reserve that was doctrinally unprepared to engineer a rapid rebound in employment. Mr Obama's vice-president, and now the president-elect, Joe Biden, no doubt took the lessons of that experience to heart.

The Fed has tried to adjust to this new world. In the wake of the financial crisis it promised to keep interest rates "at exceptionally low levels...for an extended period". But that failed to spark a rapid recovery. Perhaps the public doubted that the Fed would actually keep rates low, and tolerate the resulting faster price growth, when the time came. The Fed's promise may well have been undermined by its framework, which stipulated an inflation target of 2%.

Publisher: The Economist
Twitter: @TheEconomist
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ASU and national economists to offer 2021 outlook | ASU Now: Access, Excellence, Impact

New research that employs curved origami structures has dramatic implications in the development of robotics going forward, providing tunable flexibility — the ability to adjust stiffness based on function — that historically has been difficult to achieve using simple design.

"The incorporation of curved origami structures into robotic design provides a remarkable possibility in tunable flexibility, or stiffness, as its complementary concept," explained Hanqing Jiang , a mechanical engineering professor at Arizona State University.

Publisher: ASU Now: Access, Excellence, Impact
Date: 2020-11-18T17:42:00-07:00
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The Economics of Outdoor Recreation | California Trout

Access to the outdoors is valuable now more than ever. In a time where we cannot gather indoors due to the COVID-19 pandemic, we are grateful for our public lands and the ability to go outside.

Studies have shown that spending time outside and participating in outdoor recreation like fly fishing has inherent benefits such as improving your health and happiness.

An article titled, “ The Economics of Outdoor Recreation ” from the National Parks Traveler lists statistics from a 2019 report from the U.S. Bureau of Economic Analysis that quantified the economic benefits of the outdoor recreation industry.

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Publisher: California Trout
Date: 2020-11-18T20:05:56 00:00
Twitter: @CalTrout
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Economist Says Lockdowns Not Solely to Blame for Recovery

AUSTIN, Texas — Even though COVID-19 infections are rising, Gov. Greg Abbott is making it clear there will not be another lockdown. He's sticking with his reopening plan even as other states shut down.

One of Abbott's own medical advisers told Capital Tonight earlier this week more restrictions are needed right now.

"This is going to be a tough couple of months ahead and we really do need to think about some further steps," said Dr. Mark McClellan, who's also a former FDA Commissioner.

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In case you are keeping track:

Washington's economic forecast improves slightly | The Spokesman-Review

OLYMPIA – Although battered by the pandemic, Washington's budget outlook isn't as bad as originally expected when the virus first hit, the state economist said Wednesday.

Restrictions taking effect this week are too new to factor into a projection of what will happen to the economy in the coming months, said Stephen Lerch, executive director of the Economic and Revenue Forecast Council. New restrictions include the closure through at least Dec. 14 of bars and restaurants to inside dining along with gyms, theaters and museums, and a slight reduction in the capacity limits for stores.

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Publisher: Spokesman.com
Date: 2020-11-18T18:54:52.234149
Twitter: @SpokesmanReview
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Central Coast Economic Forecast predicts economy will be close to full recovery by second half of

The Central Coast Economic Forecast was hosted virtually this year and most of the discussion revolved around the economic impacts brought on by the pandemic at a state and local level.

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Thornberg, the founder of Beacon Economics, said near the start of the pandemic marked the deepest and shortest recession in history.

Thornberg labeled the fall and rise of the economy in four levels: Recession, Recovery Stage 1, Recovery Stage 2, and Recovery Stage 3. He said that if there is control gained over slowing the spread of COVID-19, the economy will zoom back to normal by the second half of 2021.

Publisher: KSBY
Date: 2020-11-19T00:10:17.051
Author: https www ksby com brookemartell
Twitter: @KSBY
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Global economic bailout is running at $19.5 trillion. It will go higher - CNN
Publisher: CNN
Date: 2020-11-17T15:47:11Z
Author: Hanna Ziady CNN Business
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