Wednesday, March 31, 2021

Measuring racism and discrimination in economic data

Publisher: Brookings
Date: 2021-03-30T13:30:10 00:00
Author: Randall Akee and Marcus Casey
Twitter: @BrookingsInst
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MIT graduate engineering, business, economics programs ranked highly by U.S.

MIT's graduate program in engineering has again earned a No. 1 spot in U.S. News and Word Report's annual rankings, a place it has held since 1990, when the magazine first ranked such programs.

The MIT Sloan School of Management also placed highly. It occupies the No. 5 spot for the best graduate business programs, a placement it shares with Harvard University.

Publisher: MIT News | Massachusetts Institute of Technology
Author: MIT News Office
Twitter: @mit
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Mission critical - Governments identify minerals needed for economic and national security |

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.

Publisher: The Economist
Twitter: @TheEconomist
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The climate crisis is seriously spooking economists - CNN
Publisher: CNN
Date: 2021-03-30T16:23:13Z
Author: Matt Egan CNN Business
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China's economic recovery gained steam in March - MarketWatch

China's economic recovery picked up steam in March as the country's manufacturing sector fully recovered from suspended production during the Lunar New Year holiday.

China's official manufacturing purchasing managers index rose to 51.9 from 50.6 in February, according to data released Wednesday by the National Bureau of Statistics.

The reading was higher than the 51.2 median forecast given by economists polled by The Wall Street Journal and remains above the 50 mark that separates activity expansion from contraction, continuing a run started in March last year.

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Publisher: MarketWatch
Date: 2021-03-30T22:37:00-04:00
Author: MarketWatch
Twitter: @marketwatch
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Biden's Stimulus Looks Bigger Than New Deal, Economics Professor Says

Two Democratic presidents. Two mass unemployment crises. Two federal spending plans to rescue the economy. So how does Biden's stimulus stack up to Roosevelt's New Deal? Maybe it's bigger.

"People think of the New Deal as this really, really aggressive response to the Great Depression. But part of the reason the Great Depression lasted so long was that Roosevelt and the country, the political leaders were really concerned about deficits," Leonard Burman, the Paul Volcker Chair of Behavioral Economics at Syracuse University's Maxwell School, told Insider. 

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Publisher: Business Insider
Date: 2021-03-30
Author: Juliana Kaplan
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In the Suez Canal, Economics and Physics Make for Tough Sailing - WSJ

When Evert Lataire studied the publicly available data for the Ever Given's fateful voyage this week, he noticed the vessel did something unusual just before settling sideways in the Suez Canal : The container ship veered close to the channel's western bank.

Mr. Lataire knew the hydrodynamics of the situation. He wrote his Ph.D. dissertation about such physics—and has simulated it over and over with model boats in an indoor testing tank in his native Flanders.

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Publisher: WSJ
Date: 2021-03-27T12:00:00.000Z
Author: Stu Woo
Twitter: @WSJ
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Canada Looks to Immigration to Boost Economic Recovery - WSJ

Prime Minister Justin Trudeau's Liberal government plans to significantly increase the number of new permanent residents it accepts over the next three years, and officials have taken steps in recent months to increase the pace of permanent resident approvals, largely by drawing on residents already in Canada on a temporary basis.

"History teaches us that when we grow our immigration levels, we grow our economy," Canadian immigration minister Marco Mendicino said earlier this year.

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Publisher: WSJ
Date: 2021-03-30T12:14:00.000Z
Author: Kim Mackrael and Alice Uribe
Twitter: @WSJ
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