This Dr. Martin Luther King Day offers an opportunity to step back and reflect on an extraordinary past year in American history—one that lit up in neon lights the need to finally address the extreme, and deeply rooted, racial inequality in America, but that also leaves unclear whether or not our nation can find its way to address all our issues of structural and systemic racism.
While Alexander received her degree from a prestigious University and had the support of her teachers and mentors, racial and gender discrimination erected enormous barriers to her pursuit of a career as an economist. Not easily denied, Alexander instead became the first Black woman to graduate from Penn Law School, in 1927. She then became the first Black woman to pass the bar in Pennsylvania and to practice law in the state, working alongside her husband, Raymond Price.
Many things are taking place:
A Second Economic Crisis for Biden, but a Different First Response - The New York Times
WASHINGTON — Joseph R. Biden Jr. is inheriting an economic crisis as he assumes the presidency, just as he did when he became vice president a dozen years ago. But this crisis is different and, to the relief of many liberal economists, so is Mr. Biden's response.
It is meant instead to resuscitate economic activity by more aggressively attacking the Covid-19 pandemic through vaccines and testing, and to sustain hard-hit people and businesses until that job is done.
USD Economist Forecasts Post-Pandemic Boom in 2022 – NBC 7 San Diego
The economic pain caused by the pandemic will likely linger through the first half of 2021, but an economist at the University of San Diego is predicting a big recovery like what we saw following the 1918 Spanish Flu pandemic.
"In the same way that I think in the early part of the 1920s the roaring 20s started with the fatigue of World War I and the 1918 pandemic, people started splurging a little bit and there's all that penned up demand of the things we used to do," said Ryan Ratcliff, Ph.D., an Associate Professor of Economics at the University of San Diego.
Real World Economics: Corporate response can breed skepticism – Twin Cities
Our nation has never had a president who did and said the things he has. The riotous invasion of our U.S. Capitol was shocking because it was so unprecedented. So was the underlying campaign in Congress — pressed by Trump — to overturn the results of a national election. And so have been the myriad other flouts of traditional decorum we have seen over the past four years.
To some voters, this history may be a good thing — those who want to “drain the swamp,” say. But for now, let’s concentrate on past two weeks, and the decidedly negative reaction it has elicited, especially in corporate America.
Were you following this:
China's Economic Recovery Belies a Lingering Productivity Challenge - WSJ
A surge in state investments has helped lift the Chinese economy from the effects of Covid-19, but likely has worsened one of its deepest weaknesses: low productivity.
Beijing has pulled off a robust economic recovery since early last year, when authorities locked down much of the country to combat the coronavirus epidemic. But the rebound has been unbalanced. It relied heavily on government expenditures and state-sector investments, while private spending remained weak.
Peril ahead - Donald Trump faces an array of legal trouble when he leaves office | United States
The most serious trouble Mr Trump faces may be in his former home town, where the Manhattan district attorney, Cyrus Vance, has been investigating several possible financial crimes, including Mr Trump's alleged hush-money pay-offs to an adult-film star and a Playboy model on the eve of the 2016 election.
Mr Vance seems ready to pounce when, as court-watchers expect, the Supreme Court finally dismisses the appeal. Some observers think that dismissal could come just as Mr Trump is leaving town. The ramifications could be serious for Mr Trump as he reprises his role as private citizen: Mr Vance's office has suggested the investigation may range significantly more broadly than just pay-offs. A task-force is ready to sort through reams of documents that Mazars could send over within weeks.
Free exchange - New research shows the robots are coming for jobs—but stealthily | Finance &
T HE YEAR is 2021, and honestly there ought to be more robots. It was a decade ago that two scholars of technology, Erik Brynjolfsson and Andrew McAfee, published "Race Against the Machine", an influential book that marked the start of a fierce debate between optimists and pessimists about technological change. The authors argued that exponential progress in computing was on the verge of delivering explosive advances in machine capabilities.
Economists have, on the whole, been fairly sanguine about the impact of robots and AI on workers. History is strewn with incorrect predictions of the looming irrelevance of human labour. The economic statistics have yet to signal the arrival of a robot-powered job apocalypse. Outside of slumps, firms remain keen to hire humans, for example. Growth in productivity—which ought to be surging if machines are helping fewer workers produce more output—has been unimpressive.
METALS-Copper rises as China's speedy economic growth lifts demand outlook | Reuters
HANOI, Jan 18 (Reuters) - Copper prices in London advanced on Monday as top metals consumer China posted stronger-than-expected growth in the fourth quarter of 2020, boosting demand confidence.
China's economy grew 6.5% in the previous quarter, faster than the 6.1% forecasts by economists in a Reuters poll, ending a rough coronavirus-striken 2020 in remarkably good shape and remained solidly poised to expand further this year.
Three-month copper on the London Metal Exchange rose 0.2% to $7,963.50 a tonne by 0318 GMT, while aluminium advanced 0.1% to $1,993 a tonne and nickel increased 1.2% to $18,125 a tonne.
Happening on Twitter
The FBI when they pay homage to Dr. Martin Luther King on his birthday đŸ™„ https://t.co/IwI4spCDvk tariqnasheed (from Los Angeles) Sun Jan 17 01:00:31 +0000 2021
"Dr. Martin Luther King once said, 'Everyone can be great, because everyone can serve.'" On January 18, join… https://t.co/4FWFmpB6V3 BidenInaugural Sat Jan 16 21:00:00 +0000 2021
On #MLKDay, we remember Dr. Martin Luther King Jr.'s call to stand up against: ⛔Racism, ⛔Misogyny, ⛔Prejudice, ⛔Inj… https://t.co/zz241lNiTl UN_Women (from Worldwide) Mon Jan 18 05:35:02 +0000 2021
No comments:
Post a Comment