Saturday, January 16, 2021

Hackers Beware | Economics

Heather Bellini '91 is bullish on cybersecurity. "This is a field that only continues to grow," she says. And she would know. As a technology investments expert, Bellini keeps an eye on the full scope of the tech industry. Named a "Top 100 Influential Woman in Finance" by Barron's, and a "Top Ten Woman in Finance" by GlobalNewswire, this Goldman Sachs partner is now leaping into a new venture as CFO of cybersecurity startup, Deep Instinct.

"Cybersecurity is a great area for start-ups," she says. "The attack vectors are constantly shifting, and we keep applying new band-aids — one on top of the other — to keep up."

Publisher: Denison University
Twitter: @denisonu
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Were you following this:

Unemployment Claims Rise Sharply, Showing New Economic Pain - The New York Times

Ten months after the coronavirus crisis decimated the labor market, the resurgent pandemic keeps sending shock waves through the American economy.

The latest evidence came on Thursday when the Labor Department reported that initial claims for state unemployment benefits rose sharply last week , exceeding one million for the first time since July.

Just days earlier, the government announced that employers had shed 140,000 jobs in December , the first net decline in employment since last spring, with restaurants, bars and hotels recording steep losses.

Date: 2021-01-14T22:00:33.000Z
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Bloomberg - Are you a robot?
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New wave: China's COVID infections cloud economic recovery | Business and Economy News | Al

The deep-sea jetty is located next to the Colombo International Container Terminal, which is 85 percent owned by China.

Rivalry between US and China in tech is the biggest source of concern, European business groups say in a new report.

Despite continuing military standoff with China, India's decision to reopen the lake is welcomed by Ladakh residents.

US commission says new evidence has emerged that 'crimes against humanity – and possibly genocide – are occurring'.

Author: data reactroot
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While you're here, how about this:

Joe Biden's Economic Plan Isn't Afraid to Run Up the Deficit - The New York Times

President-elect Joe Biden unveiled his $1.9 trillion economic rescue plan yesterday, an ambitious package of bigger direct payments to Americans, extra funding for coronavirus vaccine distribution and more. The move is a bolder response than the Obama administration's to the 2008 financial crisis — even if it runs up debt to dizzying levels.

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$1,400 direct payments, a $15 per hour federal minimum wage and more generous unemployment benefits.

Date: 2021-01-15T12:57:44.000Z
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Bank Economists See Strengthening Economic Recovery Ahead | American Bankers Association

The U.S economy will grow at a robust pace of about 4% over the four quarters of 2021, the strongest growth in nearly two decades after the deepest recession since the Great Depression, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee. However, the economy remains in the grip of the pandemic and growth is expected to decelerate in the current quarter.

While all committee members expect economic momentum to build in the spring, there is divergence in views on timing and speed. Those forecasting less of a boost this year anticipate a stronger 2022. Moreover, the pace of recovery will vary across states.

Date: 637463924972905692
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China's Xi Looks to Take Advantage of a Strong Economic Hand - WSJ

China arguably weathered the chaos of 2020 better than any other major power. In the months ahead, its leader, Xi Jinping, appears ready to press his advantage, taking on the new Biden administration and projecting a confident Communist Party in its centennial year.

Mr. Xi and his lieutenants have struck a buoyant tone in recent weeks, trumpeting their professed success last year in containing the coronavirus and eliminating rural poverty . They have portrayed China as a responsible power, offering steady leadership amid a global economic pullback and rising geopolitical tensions that they blame on U.S. belligerence. Signs of a healthy recovery in the world's second-largest economy have given Mr.

Publisher: WSJ
Date: 2021-01-15T20:59:00.000Z
Author: Chun Han Wong
Twitter: @WSJ
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China economy: What to expect from its fourth-quarter 2020 GDP data

SINGAPORE — China's new economic data next week will likely confirm the country as one of the few economies that grew in 2020 despite challenges from the Covid pandemic, said analysts.

China will release official data on Monday which includes fourth-quarter gross domestic product — tracked as an indicator of China's economic health, but which outside experts have long expressed skepticism over the veracity of the reports.

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Stronger exports and a steady recovery in retail sales have helped China to extend its growth recovery into the final three months of 2020, said Ting Lu, chief China economist at Japanese bank Nomura.

Publisher: CNBC
Date: 2021-01-15T05:00:07 0000
Author: https www facebook com CNBC
Twitter: @CNBC
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