The second question is how to prioritize the types of investment, given the limited resources available and the growing national debt ? Here is where Biden and his team will likely begin losing Republican support, as well as the support of some centrist democrats.
The last, but most important, question is how to pay for all of this? According to the outline of the administration's plan, the majority of the funds will be provided by an increase in corporate taxes, including a higher (28 percent) corporate tax rate, a global minimum tax, and targeted tax increases for the fossil fuel industry accomplished by removing so called "subsidies, loopholes and special foreign tax credits."
did you hear about this:
The Individual Failings of Economics by Ricardo Hausmann - Project Syndicate
In recent decades, economics has gone from defining itself as a set of questions to defining itself as a set of methods, all based on individuals making decisions. By doing so, it has undermined its own ability to make progress.
CAMBRIDGE – Economics could advance enormously if it relaxed one of its most precious assumptions: methodological individualism, or the idea that any explanation needs to be related to individuals making sensible decisions. This requirement puts the discipline at a huge disadvantage vis-à-vis the natural sciences, because it prevents progress in understanding the relationship between the micro and the macro.
Grown siblings study 'Home Economics' in new ABC sitcom
Being in a financial bind is nothing to laugh about, especially these days … yet a new sitcom finds humor in that plight, mirroring the background of one of its creator-producers.
Premiering Wednesday, ABC’s “Home Economics” returns Topher Grace (“That '70s Show”), Caitlin McGee (“Bluff City Law”) and Jimmy Tatro (“Modern Family”) to series work as siblings whose monetary situations vary wildly. One is very well-off, another is modestly comfortable, and the third is struggling — and their conversations often involve their bank accounts.
To counter China's economic influence, rebuild the American Heartland
did you hear about this:
'There is finally real light at the end of the tunnel' — economists react to strong March jobs
The March jobs report on Friday showed the U.S. economy regained 916,000 jobs last month, with the unemployment rate falling to 6% from 6.2%.
Economists polled by MarketWatch had expected a gain of 675,000 jobs and an unemployment rate of 6%.
Below are some initial reactions from economists and other analysts, as U.S. stock futures ES00, +0.43% YM00, +0.46% traded higher following the data on nonfarm payrolls. Stock exchanges are closed for Good Friday .
Scholar Stories: Economics Gives Hartman Perspective on Track, Possibilities off Oval -
Continuing the series that began in 2016-17, each Wednesday MGoBlue.com will highlight a Michigan student-athlete and their academic pursuits. These are our Scholar-Athlete Stories, presented by Absopure.
In a sport like track and field that demands peak performance right on the outer limits of what the human body is capable of, the 400-meter distance is a particularly challenging endeavor. The necessary combination of speed, endurance and strength -- of both the physical and mental varieties -- is best explained by Vail Hartman in the language of his chosen field of study at Michigan, economics.
France cuts economic growth forecast to 5% amid lockdown | Reuters
PARIS (Reuters) - The French economy will expand by 5% in 2021, Economy Minister Bruno Le Maire said in a newspaper interview, as a third lockdown to tackle the coronavirus pandemic has prompted a downward revision in the previous government forecast for 6% growth.
The new forecast was prudent, Le Maire said in comments published on Sunday in Le Journal Du Dimanche (JDD).
French schools and non-essential stores such as clothing chains will now be shut for four weeks, after COVID-19 cases surged in recent weeks, edging up the number of patients in intensive care units.
Mission critical - Governments have identified commodities essential to economic and military
C UT 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 drive-trains of electric cars. In 2015 Mountain Pass shut, unable to compete with rare-earth producers in China. But it 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 that are key to economic and national security, including critical minerals and batteries. The European Commission in September launched a public-private alliance to secure vital raw materials. In March Australia unveiled a plan for processing critical minerals, inviting companies to apply for public funds; Canada published a list of 31 critical minerals, part of a plan to boost supply.
Happening on Twitter
Digital Payment transactions in 2020 - India tops the globe! India 🇮🇳 - 25.5 Billion China 🇨🇳 - 15.7 Billion Goe… https://t.co/MzcgxVgui8 Varun_Jhaveri (from New Delhi, India) Sat Apr 03 03:44:22 +0000 2021
Dept. of Plainly Predictable News: Mitch's big secret donors don't like it, so Republicans wheel on command to opp… https://t.co/5RKUiiN3yY SenWhitehouse (from Rhode Island) Sat Apr 03 23:06:24 +0000 2021
The White House pledging to spend money on infrastructure isn't a "New Deal" so much as the government attempting t… https://t.co/7GPaJy3OZc KateAronoff (from Brooklyn, NY) Fri Apr 02 21:24:33 +0000 2021
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