Wednesday, December 2, 2020

Vaccine News Brightens Economic Forecast, But Recovery May Be Uneven : NPR

The pending arrival of vaccines has brought "hope for a brighter future," the OECD says. Here, workers from the Red Cross and the Federal Agency for Technical Relief help set up a center for COVID-19 vaccinations in a gymnasium in Eschwege, Germany. Thomas Lohnes/Getty Images hide caption

New coronavirus vaccines will help the world's economy bounce back in 2021, but the gains will depend on how the vaccines are distributed, among other factors, the Organisation for Economic Co-operation and Development says.

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Publisher: NPR.org
Date: 2020-12-01
Twitter: @NPR
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Biden's New Top Economist Has a Longtime Focus on Workers - The New York Times

WASHINGTON — Soon after Cecilia Rouse finished her first stint as a White House economic adviser, in the administration of President Bill Clinton, a prestigious academic journal published what would arguably become her most famous research paper : a study finding sexism in auditions and hiring for symphony orchestras.

To complete that study, Ms. Rouse and a co-author, Claudia Goldin of Harvard, conducted years of research. They worked with orchestra managers and unions to unearth records of auditions dating back decades. "We traveled from city to city," Ms. Goldin recalled, "rummaged through dusty boxes and copied hundreds of entries from yellowing pieces of paper."

Date: 2020-12-02T00:13:42.000Z
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The Accidental Economist: Lisa D. Cook of Michigan State University – IMF F&D

In a profession lambasted for its sexism and racism, Cook stands out for her gender, her ethnicity, and her chosen areas of research. Among her conclusions is that racism and sexism create a huge drag on the world's largest economy.

"Lisa has been willing to take the risk of not getting the professional plaudits she deserves by pursuing research in areas that have not been plumbed by anyone yet," says William A. Darity Jr., a professor of economics and African American studies at Duke University in Durham, North Carolina. "People are now acknowledging the significance of her contributions."

Date: 2020-12-01
Twitter: @https://www.imf.org/external/pubs/ft/fandd/2020/12/profile-of-economist-lisa-cook-michigan-state-university.htm
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Economists optimistic about recovery in 2021 | KLAS

LAS VEGAS (KLAS) — Economists looking ahead to 2021 expect a good economic recovery following months of negative impacts on businesses due to the COVID-19 pandemic.

The economists spoke at Outlook 21 on Wednesday. The economic annual event is a partnership between UNLV's Center for Business Economic Research and the Las Vegas Global Economics Alliance. The conference, which was virtual this year, offers an in-depth analysis of what businesses can expect heading into 2021.

Publisher: KLAS
Date: 2020-12-02T21:02:45 00:00
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Biden's Economic Team Charts a New Course for Globalization, With Trumpian Undertones - WSJ

Joe Biden's economic team is taking shape with plans to remake the Trump administration's approach to economic relations overseas, with a distinction: agreement with President Trump's assertion that globalization has been hard on many Americans but differences on how to address it.

The prime example, in this view, was China, which in the two decades since it joined the WTO has grown to be the world's second-largest economy, a massive employer and key market for many American companies—while, in the eyes of many officials, stealing U.S. technology and often skirting international rules. China disputes allegations that it steals technology or breaks trade rules.

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Publisher: WSJ
Date: 2020-12-01T21:22:00.000Z
Author: Jon Hilsenrath and Nick Timiraos
Twitter: @WSJ
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Biden's economic team set to prepare ambitious recovery plan, challenging Republicans' renewed

President-elect Joe Biden's choice of economic advisers highlights a commitment to spend whatever is needed to restore a full-employment economy, setting up a clash with Senate Republicans who are sounding alarms over a national debt they helped President Trump increase by nearly $7 trillion.

On Tuesday, as Biden introduced his economic brain trust in Wilmington, Del., Yellen labeled the pandemic recession "an American tragedy" and urged a swift response. "It's essential that we move with urgency," she said. "Inaction will produce a self-reinforcing downturn causing yet more devastation."

Publisher: Washington Post
Date: 2020-12-01T15:43:11.241Z
Twitter: @WashingtonPost
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Twitter: @FinancialTimes
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Pelosi, Schumer say $908 billion economic relief package should be starting point for talks - The

And potentially building even more momentum behind the plan, at least one new Republican senator offered measured support for the idea.

House Speaker Nancy Pelosi (D-Calif.) and Senate Minority Leader Charles E. Schumer (D-N.Y.) said in a statement that "we believe the bipartisan framework introduced by Senators yesterday should be used as the basis for immediate bipartisan, bicameral negotiations."

Before Wednesday, Democratic and Republican leaders had squared off for months, insisting on bills that the other side wouldn't accept. Wednesday's announcement by Pelosi and Schumer appeared to be the first time that leaders from one party agreed to back a proposal that had substantial support of members of the other party.

Publisher: Washington Post
Date: 2020-12-02T19:20:23.465Z
Twitter: @WashingtonPost
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