Saturday, April 24, 2021

Letter: Time for trickle-up economics

FILE. Letter writer says, 'For three decades, we have watched Republicans practice “trickle-down economics” that rewarded the already rich, claiming it would pay for itself and some of the money would “trickle-down” to the rest of society. It never worked.' (Yuri Gripas/Abaca Press/TNS)

When President Joe Biden included funding for staff working with people with disabilities and the elderly in his infrastructure bill, it sent journalists and political commentators scrambling to their dictionaries to see how Webster defined “infrastructure." They were asking the wrong question. They should be asking, “Is this the right thing to do?”

Publisher: Times Union
Date: 2021-04-24 15:40:00
Author: to the editor
Twitter: @TimesUnion
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Students from Great Falls High win MT Economics Challenge | Great-falls | kulr8.com

Over 300 teams in Montana competed in the MT Economics Challenge and students from Great Falls Highschool came out victorious.

Students Jacob Murray, Steven Stewart and Branden Kessler "invested" in AMC Theatre in "The Stock Market Game."

Executive Director for MT Council on Economic Education, Dax Schieffer presented the certificates to the students along with D.A. Davidson representative Sean Sturges.

Publisher: KULR-8 Local News
Date: 0713B43387E696EA1A415814D82F3F41
Twitter: @KULR
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Biden's 'trickle-up' economics is just what America needs | TheHill

Theoretically, trickle-down economics gives tax breaks for corporations and the wealthy that are supposed to incentivize investment, create jobs, and stimulate economic growth for all.

The ARPA and AJP represent "trickle-up" economics, putting dollars directly in the hands of consumers who are most likely to spend them , creating demand for products and services that generate more economic growth than trickle-down. Consumer spending is 70 percent of gross domestic product (GDP). But the Trump tax cuts disproportionately benefited America's wealthiest.

Publisher: TheHill
Date: 2021-04-23T18:30:07-04:00
Author: Neil Baron opinion contributor
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Amsterdam's 'doughnut economy' puts climate ahead of GDP | PBS NewsHour Weekend

Amsterdam is the first city in the world to adopt a radical economic theory that suggests economic growth shouldn't be the ultimate measure of success. Instead, "doughnut economics" focuses on protecting the environment while meeting citizens' basic needs. Special Correspondent Megan Thompson reports as part of our ongoing series "Peril & Promise: The Challenge of Climate Change."

When the COVID-19 pandemic hit, cities worldwide were already facing environmental crises. Many of them are vulnerable to climate change induced flooding, heatwaves and drought.

Publisher: PBS NewsHour
Date: 2021-04-24T17:22:43-04:00
Twitter: @newshour
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Want to buy a vineyard? 'Do it for the passion' — not the economics - MarketWatch

We asked veterans of the wine business to tell us if it's really as dreamy as it seems. The short answer? Yes. But it requires an immense amount of labor, passion and will to be successful.

"It is a more collegial and cooperative industry than most because at its core it's farming, and farmers go out of their way to help each other."

However, Wallace is emphatic: It's one thing to revel in nature's wonders, but it's another to run a business. Selling alcohol in such a regulated industry requires a lot of responsibility. And because it is such a highly regulated and taxed industry, a huge portion of the profits never makes it to the producers.

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Publisher: MarketWatch
Date: 2021-04-23T14:37:00-04:00
Author: Neve Wallace
Twitter: @marketwatch
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Why vaccine deregulation is bad economics and sinister politics - The Federal

The health infrastructure in India has collapsed under the weight of the second wave of the COVID pandemic. In response, the Union government has deregulated the vaccination programme, in effect recusing itself from the obligation of managing the pandemic, leaving its resolution to the market.

The stylised argument in favour of deregulation is that freeing of the pricing mechanism will allow vaccine companies to raise prices to match people's willingness to pay. The argument is that the extra profits would allow for augmenting production, which in turn (and time) will allow for production on an extended scale that can meet the vaccine needs to tide over the pandemic.

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Publisher: The Federal
Date: 2021-04-25T01:00:50 00:00
Twitter: @TheFederal_IN
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A rising tide of old ideas: How world economics has changed in 4 decades | Business Standard

On your columnist’s first visit to the United States, in 1982, two things were obvious. While capitalist in ideology, it had a surprisingly equal society — the result of post-War policies on social security, taxation, labour and industrial growth. Those excluded were essentially African-Americans.

For the rest, the basics (housing, food, clothes, medical care) were relatively cheap and affordable. The cost of a house equalled four-and-a-half years’ salary for a median-income family, compared to 6.25 years today. The ratio of chief executive office (CEO) pay to that of the ...

Author: T N Ninan
Twitter: @bsindia
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BC Housing to study economics of using mass timber for affordable housing – Saanich News

BC Housing is looking to mass timber as a potential way of cutting greenhouse gas emissions when building affordable housing.

The province’s affordable housing agency put out a request for proposals (RFP) on March 11, seeking a contractor to perform a study on the economics of using mass timber for multi-unit projects between seven and 12 storeys high.

Mass timber is a renewable resource with a lower carbon footprint compared to traditional concrete construction methods.

Publisher: Saanich News
Date: 2021-04-24T15:40:00-07:00
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Hermiston City Council to discuss plan for stimulus funds | Economics | eastoregonian.com

Reporter covering city government and economic development in Hermiston, Umatilla, Stanfield and Echo.

Publisher: East Oregonian
Author: East Oregonian
Twitter: @EastOregonian
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