WASHINGTON — President Joe Biden will lay out the first part of his multitrillion-dollar economic recovery package this week, focusing on rebuilding roads, bridges and other infrastructure , followed by a separate plan later in April addressing child and health care.
White House press secretary Jen Psaki confirmed on Sunday the administration's plans to split the package into two legislative proposals, part of an effort to get support from congressional Republicans. But she adds that "we'll work with the Senate and House to see how it should move forward."
Many things are taking place:
Mission critical - Governments have identified commodities essential to economic and military
CUT DEEP into the desert rock of southern California are the jagged tiers of an open-pit mine. Mountain Pass is North America's only mine of rare-earth metals, used in everything from fighter jets to the drivetrains of electric cars. In 2015 Mountain Pass shut, unable to compete with rare-earth producers in China. But the mine has begun a new chapter. MP Materials, which bought the mine in 2017, said on March 18th that production in 2020 jumped by 40%. More expansion is planned.
In February Joe Biden's White House issued an executive order to review the vulnerability of supply chains key to economic and national security, including critical minerals and batteries. The European Commission in September launched a public-private alliance to secure key raw materials. In March Australia unveiled a plan for processing critical minerals, inviting companies to apply for public funds, and Canada published a list of 31 critical minerals, part of a scheme to boost supply.
Pandemic Accelerates Retirements, Threatening Economic Growth - WSJ
The proportion of older workers participating in the labor force is hovering at its worst level since the onset of the coronavirus pandemic, raising the prospect that many of these Americans may have permanently left the workforce, potentially impairing future economic growth.
The labor force participation rate—the proportion of the population working or seeking work—for Americans age 55 and older has fallen from 40.3% in February of 2020 to 38.3% this February—representing a loss of 1.45 million people from the labor force.
Behavior and the dynamic of epidemics
Not to change the topic here:
South Korea's Moon sacks top economic aide for raising rent amid home price uproar | Reuters
Kim Sang-jo raised the rent by about 14% in July, two days before a 5% cap on rent increases took effect as part of government efforts to protect tenants from unreasonable hikes.
He was replaced with Lee Ho-seung, Moon's senior economic secretary, Moon's chief of staff told a briefing.
Home prices in Seoul have shot up more than 50% since 2017, the fastest pace in the world, according to statistics site Numbeo.
The uproar over housing affordability intensified earlier this month after employees of a state housing developer were accused of insider trading in land.
Japanese shares rise on economic recovery hopes, Nomura falls | Reuters
TOKYO, March 29 (Reuters) - Japanese shares rose on Monday, lifted by optimism around corporate earnings and U.S. economic recovery, while Nomura Holdings fell the most in a decade after it flagged a potential $2 billion loss.
The Nikkei share average advanced 0.81% to 29,412.24 by 0144 GMT, while the broader Topix rose 0.49% to 1,993.93.
"Investors are buying companies, particularly manufacturers that would benefit from the recovery of the global economy, and whose earnings are set to rise in the coming years," said Shigetoshi Kamada, general manager for the research department of Tachibana Securities.
Tri-Cities' economic recovery has a soft spot | News | timesnews.net
Builders, Realtors, and lenders are scrambling to keep up with the housing demand. Local retail home improvement firms followed the national model in their own boom cycle. Nationwide it grew by $24 billion, up 17% from 2019. Retail and restaurants are seeing more traffic. The January unemployment rate dropped to 5.5%. And employers had a little over 6,000 job openings in February.
But there is a soft spot in this recovery. Some are calling it the labor market's restructuring to a new norm.
Utah Gov. Cox's economic vision aiming to turbocharge post-vax Utah - Deseret News
New governor says state's economic development needs a revamp, including focus on continued growth — but not at any cost
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Utah Gov. Spencer Cox has made himself a student of Utah's fiscal history and notes the state's economy regularly found itself a national underperformer until an opportunity to take the global stage some two decades ago changed everything.
"I've spent a lot of time studying what was happening in the '80s, '90s and into the 2000s, and Utah regularly found itself in the bottom half or bottom third of state economies in the country," Cox said.
Happening on Twitter
Democrats have spent several years clamoring to raise taxes on corporations and the rich to combat widening economi… https://t.co/N9Jq6NmJA3 nytimes (from New York City) Sat Mar 27 21:40:06 +0000 2021
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