Sunday, August 15, 2021

Real World Economics: Weighed down by an inefficient health care system – Twin Cities

The Olympics are over but the memories and images of athletes giving their all to win honor for their homelands remain. We saw competitors bring different approaches to pole vaulting, discus throwing or simply breaking out of the pack in distance races and BMX.

Yet we never saw any athlete prepare don a brick-filled backpack just before the call to "set" is announced — which is what the United States does from the start as a global economic competitor by clinging to a health care system that is inefficient as well as inequitable.

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Publisher: Twin Cities
Date: 2021-08-15T14:47:30 00:00
Twitter: @pioneerpress
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How to Make Progress in the Immigration Debate - The Washington Post

Immigration reform has not been on Washington's agenda lately, but that may change soon: The final version of the Democrats' $3.5 trillion budget proposal, released last week, is widely expected to offer a path to citizenship for millions of undocumented workers.

The debate over immigration is so difficult because it twists together at least two distinct and challenging subjects: economics and culture. On the economics at least, there should be no further debate: Immigration is a net gain.

Publisher: Washington Post
Date: 2021-08-16T02:20:49.000Z
Twitter: @WashingtonPost
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Oxford Economics slashes Philippine growth outlook to 4.5% | Philstar.com

MANILA, Philippines — London-based Oxford Economics has turned less optimistic on the Philippines’ growth prospects after it slashed its forecast to 4.5 percent this year, among the lowest projections for the country.

Publisher: Philstar.com
Date: A420D7D07ED09E5C42E6F71783C169FE
Author: Louise Maureen Simeon
Twitter: @philstarnews
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Economics laced with politics - Newspaper - DAWN.COM

However, the budget FY22 does have features such as stipulated wide distribution of reliefs and incentives that signal a two-year political election campaign.

Normally populist policies and party manifestoes are announced in an election year. The PTI's two-year election campaign will perhaps be the second longest after that of the prolonged pre-1970 polls.

Publisher: DAWN.COM
Date: 2021-08-16 06:58:39
Author: https www dawn com authors 5875 jawaid bokhari
Twitter: @dawn_com
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Dani Rodrik | Economics has another diversity problem | Business | Jamaica Gleaner

Early in his career, economist Joseph E. Stiglitz had an extended stay in Kenya, where he was struck by various oddities in how the local economy operated.

Sharecropping was one such anomaly: If farmers were required to surrender half of their harvest to landlords, Stiglitz wondered, wouldn't that greatly tax incentives and thus reduce efficiency? Why did such a system persist?

Date: 2021-08-13T00:11:12-05:00
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Economics in Brief: College Has Made the Racial Wealth Gap Worse

The drop is driven by student debt and the fact that Black college graduates' income hasn't risen as quickly as that of other college graduates, the paper said.

And college costs are increasing even as wages are not. Because of the legacy of slavery, segregation and redlining, Black students have less generational wealth to lean on when attending college.

Twitter: @NextCityOrg
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Investing in low-emissions energy is the key to the climate crisis | TheHill

Across much of the United States, there is already widespread agreement that an aggressive response to the issue is warranted.

The most often heard concern in opposition to climate legislation is centered on economics. When consumers make purchasing choices, economics will always win out. For real change that is supported by economics, zero- and low-emission technologies must be more cost-effective than the status quo.

Publisher: TheHill
Date: 2021-08-15T14:00:10-04:00
Author: Kyle Isakower opinion contributor
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