Sunday, March 7, 2021

The GOP is having a change of heart on economics. It could have implications for policymaking.

WASHINGTON — The Republican Party is showing signs of softening its trademark fiscal conservative brand in favor of a new populist approach, a potentially seminal shift as the party becomes more reliant on blue-collar white voters after Donald Trump's presidency.

The last time Republicans were thrown out of power, in 2009, they embraced an unabashed tax-cutting and spending-cutting vision to find their way out of the wilderness. Now, the party is taking a different path as ambitious figures seek to curry favor with voters by pushing a larger government safety-net that includes cash to families and a minimum wage hike.

Publisher: NBC News
Date: Sun Mar 07 2021 10:00:23 GMT 0000 UTC
Twitter: @NBCNews
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Not to change the topic here:

Rising seas: A failure of economics to cut greenhouse emissions | Business and Economy News | Al
Author: data reactroot
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Week in review: Exchange Servers under attack, disinformation economics, Patch Tuesday forecast -

How do I select a cloud security solution for my business?
To select a suitable cloud security solution for your business, you need to think about a variety of factors. We've talked to several industry professionals to get their insight on the topic.

Critical flaw in Rockwell PLCs allows attackers to fiddle with them (CVE-2021-22681)
A critical, easy to exploit vulnerability (CVE-2021-22681) may allow attackers to remotely connect to a number of Rockwell Automation's programmable logic controllers (PLCs) and to install new (malicious) firmware, alter the device's configuration, and so on. Due to these factors the vulnerability has received the maximum CVSS v3 severity score – 10.0.

Publisher: Help Net Security
Date: 2021-03-07T09:01:34 00:00
Twitter: @helpnetsecurity
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Opinion | The MAGA phenomenon has never been about economics - The Washington Post

The New York Times gives the GOP too much credit when it declares that "Republicans have offered very little to advance the economic interests of blue-collar workers." The phrase "offered very little" suggests they have been trying but just haven't managed to come up with something. In reality, they have not been trying to enact a populist agenda.

Let's review: Republicans backed a tax cut under the last administration that primarily benefited the rich and corporations; attempted to strip health-care coverage from tens of millions of Americans by repealing the Affordable Care Act; and insisted that front-line workers, the elderly and others prioritize the "economy" (i.e. the stock market) over their own health while downplaying the pandemic that has disproportionately affected lower-wage workers.

Publisher: Washington Post
Date: 2021-03-05T12:45:47.291Z
Twitter: @WashingtonPost
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Check out this next:

NYC mom enraged by teacher playing rap videos during Zoom economics class | Fox News

The mom got so upset during the lesson on "money, power and respect," she grabbed her son's laptop and yelled at Deyate Hagood, a social studies teacher at A-TECH High School in Williamsburg, for wasting valuable instructional time. 

"You honestly ought to be motherf–king embarrassed. Disgusting!" she shouted at Hagood, infuriated by the videos and lame discussion.

* * *

The clash — which was videotaped by the son — shines a light on what the mom called "lazy" remote instruction in a low-performing NYC high school, and the plight of teens stuck on screens but learning little during the COVID-19 pandemic.  

Publisher: Fox News
Date: 2021-03-06
Twitter: @foxnews
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The Day - Here's the economic reality behind the rhetoric on U.S.

At a moment of historic disruption and change with the ongoing COVID-19 pandemic , and the calls for social and racial justice , there's never been more of a need for the kind of local, independent and unbiased journalism that The Day produces.
Please support our work by subscribing today.

* * *

With $1.9 trillion in coronavirus relief on the line, President Joe Biden and fellow Democrats are depicting an economy still in the grips of widespread crisis, while Republicans see the ingredients in place for a solid recovery that needs only limited additional aid.

Publisher: The Day
Date: 20210307000100
Twitter: @thedayct
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Accounts due - Greensill Capital's woes will reverberate widely | Finance & economics | The

Greensill, founded just ten years ago, boasted it could help companies "unlock capital". Using techniques mastered by erstwhile slicers-and-dicers of subprime mortgages, it transformed the bills it took on into bond-like investments. These could be sold to outside investors, such as hedge funds, desperate to find some yield in a low-interest world. As long as the customers kept settling their invoices, a tidy profit could be made for investors—and the financiers behind all the alchemy.

Within days Greensill itself was fighting off bankruptcy. The firm is said to have sought relief from insolvent-trading laws in Australia, where part of its corporate set-up is based (its founder, Lex Greensill, is Australian). By March 3rd it was reported by the Financial Times to be preparing to file for insolvency in Britain, where it conducts much of its business.

Publisher: The Economist
Twitter: @TheEconomist
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White House economist: $1.9 trillion stimulus package still needed after strong jobs report -

Dr. Seuss is the second-highest paid deceased celebrity -- behind Michael Jackson. Some of the 'banned' books are selling for hundreds on eBay and Amazon.

Victor Reklaitis is MarketWatch's Money & Politics reporter and is based in Washington, D.C. Prior to joining MarketWatch, he served as an assistant editor and reporter at Investor's Business Daily. Before IBD, he worked for several newspapers in Virginia . Follow Victor on Twitter at: @vicrek.

Publisher: MarketWatch
Date: 2021-03-05T09:49:28-05:00
Author: Victor Reklaitis
Twitter: @marketwatch
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The Relevance Of The Natural Sciences Methods In Economics

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