Sunday, November 8, 2020

Real World Economics: Sanford deal hits on health care issues – Twin Cities

The merger announced last month of two large health care providers will affect our region. Despite the as-yet unclear outcome of this specific deal between Sanford health, based in Sioux Falls, S.D., and Intermountain Health, based in Salt Lake City, the deal highlights issues in U.S. health care provision and financing that scream for attention.

Mergers like this are part of a long, continuing trend. They are touted as benefitting patients and the general public. But the overall impacts of such consolidation on the U.S. health system, and on society as a whole, are questionable and need research.

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Publisher: Twin Cities
Date: 2020-11-08T15:12:15 00:00
Twitter: @pioneerpress
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The relief of Biden's win will be tempered by economic headwinds | Larry Elliott | Business | The

I n the end, for the Democrats it was a case of euphoria mingled with relief. Relief that they had not managed to snatch defeat from the jaws of victory. Relief that the president's lies about electoral fraud failed to gain traction. Relief that Donald Trump's days in the White House are now numbered.

Before Biden, the last politician to oust an elected US president was Bill Clinton, who defeated George Bush senior in 1992 with a bit of help from the third-party candidate Ross Perot. What followed was the long boom of the 1990s during which unemployment came down, the stock market soared, US tech companies were at the forefront of the digital revolution and a budget deficit was turned into a surplus.

Publisher: the Guardian
Date: 2020-11-08T12:57:14.000Z
Author: Larry Elliott
Twitter: @guardian
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Old playbook may help Biden attack economic challenges - The Boston Globe

When Barack Obama took office in January 2009, with Biden as his vice president, the country was mired in the Great Recession . Unemployment was soaring. Hundreds of thousands of Americans were losing their homes each month.

Today, Biden is president-elect, and the economy is at risk. The robust recovery from last spring's coronavirus collapse is under threat from a new surge in infections — the dreaded fall wave that may crest just as the 46th president is inaugurated in 10 weeks.

Publisher: BostonGlobe.com
Date: 2020-11-09T03:00:55.850Z
Twitter: @BostonGlobe
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You Decide: Why can't economists agree? - The Coastland Times | The Coastland Times

There's an old joke that says if ten economists are lined up and asked their forecasts for next year, there will be ten different answers. Indeed, I've been in programs with other economists presenting forecasts, and the joke isn't far from reality.

Get ready for another round of "which economic forecast do you believe," because with a new presidential term about to begin, analysis of economic proposals will hit the media fast and furious. And, a sure bet is, forecasts of the impacts of the proposals will be all over the board.

Publisher: The Coastland Times
Date: 2020-11-08T10:51:53-05:00
Twitter: @coastlandtimes
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Don't Bank On A Big Economic Stimulus From Congress' Lame Duck Session

House Speaker Nancy Pelosi (D-Calif.), who has for months bargained unsuccessfully with the Trump administration in pursuit of an agreement on the next federal aid bill, fired back immediately when asked about McConnell's support of a smaller, narrower bill. "No, it doesn't appeal to me at all," she said at her own Friday press briefing. "This isn't anything that we should even be looking at. It wasn't the right thing to do before."  

In March, Congress passed with wide bipartisan support the $2.2 trillion Cares Act, the largest relief bill in American history, to provide emergency aid to individuals, families, and businesses during the pandemic. Experts largely credit that legislation with staving off an economic catastrophe on par with the Great Depression. Since then, lawmakers have been unable to agree on what comes next.

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Publisher: Forbes
Date: 2020-11-08
Author: Sarah Hansen
Twitter: @forbes
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In a Divided Washington, Biden Could Still Exert Economic Power - The New York Times

WASHINGTON — President-elect Joseph R. Biden Jr. will take office in January with a weak economy weighed down by the resurgence of the coronavirus, millions of Americans still unemployed and businesses struggling and shuttering as winter bears down.

Addressing that economic challenge and following through on his campaign's tax and spending promises could be complicated if Republicans maintain control of the Senate.

"There's a tremendous amount that can be done without Congress," said Felicia Wong, who serves as an adviser on the Biden transition board but who was speaking in her capacity as head of the Roosevelt Institute, a progressive think tank.

Date: 2020-11-08T23:03:50.000Z
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Twitter: @FinancialTimes
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Turkey's Erdogan Shakes Up Economic Leadership as Country Faces Currency Crisis - WSJ

ISTANBUL—Turkey's President Recep Tayyip Erdogan dismissed the governor of Turkey's central bank, and the country's finance minister announced his resignation, in a surprise weekend shake-up that fueled uncertainty over the direction of an economy caught in deepening currency crisis.

Publisher: WSJ
Date: 2020-11-09T00:17:00.000Z
Author: David Gauthier Villars
Twitter: @WSJ
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