Economy
  • 2 недели, 4 дня назад 20.04.2021Economy
    The federal Liberals have set an ambitious new target for Canada to reduce its greenhouse gas emissions as part of a sweeping set of big-ticket budget measures aimed at fighting climate change while giving Canada’s pandemic-hit economy a green lift. In her budget speech, Finance Minister Chrystia Freeland said Canada’s new goal is to reduce emissions by 36 percent below 2005 levels by 2030, up from the 30 percent reduction target first set by the previous Conservative government. But with…
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  • 1 месяц назад 02.04.2021Economy
    President Joe Biden is pitching his $2 trillion infrastructure proposal as the “largest American jobs investment since World War Two,” a plan that will put millions of people back to work as the country emerges from the coronavirus crisis. The economy, meanwhile, is showing signs of recovering on its own. More than 916,000 Americans returned to work in March, the Labor Department reported on Friday, far surpassing consensus expectations and marking the biggest jump in employment since the summer as…
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  • 1 месяц, 2 недели назад 25.03.2021Economy
    President Joe Biden is charging ahead with plans for a $3 trillion federal spending spree just after pumping nearly $2 trillion into an already growing economy. Even some supporters of the effort are watching nervously for unintended consequences on the road to getting a deal. The unprecedented flood of federal dollars — should it materialize — is starting to worry a contingent of Democrats, economists and investors who fear that at least some long-held economic views around federal spending will…
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  • 1 месяц, 2 недели назад 23.03.2021Economy
    Black Americans, who were among the hardest hit by coronavirus layoffs, are now recovering at the slowest rate, a one-two punch that threatens to worsen the United States’ already stark wealth and income disparities long after the pandemic recedes. While Hispanic workers initially saw the sharpest uptick in unemployment when business shutdowns began last spring, Black people have seen a slower return to work even as the economy is poised for a robust rebound, government data and economic analyses show.…
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  • 1 месяц, 3 недели назад 17.03.2021Economy
    The Federal Reserve on Wednesday projected the U.S. economy will grow 6.5 percent this year, the fastest pace in four decades, fueled by growing vaccination rates and nearly $2 trillion in new federal spending. Central bank officials upgraded their growth forecast from their 4.2 percent estimate in December, saying they now expect the unemployment rate to drop to 4.5 percent by the end of 2021. Fed officials are also predicting a short-term burst in inflation this year, but only slightly…
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  • 1 месяц, 3 недели назад 14.03.2021Economy
    Treasury Secretary Janet Yellen on Sunday defended the recently enacted Covid relief package, saying the benefits for the economy far outweigh any concerns that the burst of government spending could lead to inflation. Speaking on ABC’s “This Week,” Yellen said, “We need to defeat the pandemic. This package really does that.” President Joe Biden signed the $1.9 trillion relief package into law Thursday. Some economists, including former Treasury Secretary Larry Summers, have raised concerns the measure could lead to rising…
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  • 1 месяц, 3 недели назад 11.03.2021Economy
    OAKLAND, Calif. — Gov. Gavin Newsom has tapped former Stockton Mayor Michael Tubbs, nationally known for his work on universal basic income, to become an adviser on income inequality, child poverty and California’s economic recovery from Covid-19. Tubbs, 30, is best known for his work on a Stockton pilot project that provided $500 a month to a small group of low-income residents, a concept that became part of the national political conversation and was promoted by Democratic presidential candidate Andrew…
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  • 1 месяц, 4 недели назад 10.03.2021Economy
    Congress is set to approve the largest injection of federal cash into a growing economy in U.S. history. The nearly $2 trillion stimulus package headed to President Joe Biden’s desk Wednesday comes after lawmakers approved nearly $4 trillion last year as the economy cratered under the coronavirus pandemic. And the White House still wants trillions more in stimulus spending this year through a sweeping infrastructure package. What comes next is now the subject of fevered economic debate among economists, budget…
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  • 2 месяца назад 05.03.2021Economy
    U.S. employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is strengthening as confirmed viral cases drop, consumers spend more and states and cities ease business restrictions. The February gain marked a sharp pickup from the 166,000 jobs that were added in January and a loss of 306,000 in December. Yet it represents just a fraction of the roughly 10 million jobs that were lost to the pandemic. The unemployment rate…
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  • 2 месяца, 1 неделя назад 01.03.2021Economy
    Giant bubbles are once again inflating all over the financial world — creating a potential problem for Washington in the coming months. From meme stocks to cryptocurrencies, tech stocks and the rage for “Special Purpose Acquisition Companies,” or SPACs, risks are clearly rising. Wall Street pros and Washington policymakers know that some or all of these bubbles could explode in spectacular ways. But nobody really knows what to do about it. The Covid-racked economy still needs infusions of stimulus cash…
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  • 2 месяца, 2 недели назад 22.02.2021Economy
    The Biden administration will give the country’s smallest employers two weeks of exclusive access to emergency loans, in a bid to target aid to businesses that have struggled the most to obtain the funds during the pandemic. From Wednesday morning to the evening of March 9, only businesses with fewer than 20 employees will be able to apply for aid through the massive Paycheck Protection Program, which offers loans that can be converted into grants if businesses keep paying workers.…
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  • 2 месяца, 3 недели назад 14.02.2021Economy
    The success of Joe Biden’s presidency will be defined by his ability to end the Covid-19 pandemic and rescue the American economy. And that’s thrust the man at the center of the initial response — Brian Deese — into the spotlight, drawing plaudits from allies but making him a target for critics who question whether he’s up for the task. The 42-year-old head of the National Economic Council, Deese has emerged as a major player in the early days of…
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  • 2 месяца, 3 недели назад 13.02.2021Economy
    President Joe Biden’s plan to halt U.S. funding for overseas fossil fuel projects will turn the global spotlight on China for bankrolling coal projects around the globe. But it could also push poor countries closer to Beijing — and risk ceding the United States’ position as a leading financier for developing economies. Biden’s directive last month to move toward withholding money from international institutions like the World Bank that help poor nations build fossil fuel power plants stands in stark…
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  • 2 месяца, 3 недели назад 11.02.2021Economy
    The U.S. economy has sailed through a presidential impeachment before. In 1998, as the GOP-controlled House moved to impeach President Bill Clinton, the stock market soared and the economy grew nearly 5 percent. But economists and Wall Street analysts note that conditions are very different now as Democrats push toward a possible impeachment of President Donald Trump. During the Clinton impeachment, the dot com boom was making Americans exuberant about the economy. Today, the economy is slowing, consumer confidence is…
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  • 2 месяца, 3 недели назад 11.02.2021Economy
    Gas prices are climbing. Home prices are surging. Stock markets keep hitting fresh records as chatroom-driven mania draws in giddy investors. The economy and financial markets appear to be pricing themselves for perfection, betting on rapid vaccinations and a surge of consumer spending later this year that will pull the nation out of its pandemic funk. Serious risks are still percolating just below the surface: Vaccinations could take far longer than expected. New Covid strains could evade vaccines and spur…
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  • 3 месяца назад 06.02.2021Economy
    The Biden administration declared its “strong support” Friday for former Nigerian Finance Minister Ngozi Okonjo-Iweala to serve as the World Trade Organization’s next director-general. The decision breaks with the Trump administration’s opposition to Okonjo-Iweala and brings the U.S. in line with much of the rest of the world. It will also allow the WTO to confirm its next leader after years of the organization’s influence being diminished due to a lack of U.S. engagement. The other candidate: South Korean Trade…
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14.04.2021
NEW YORK — Bernie Madoff, the financier who pleaded guilty to orchestrating a massive Ponzi scheme, died in a federal…
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14.04.2021
One of the first things on the agenda this year for Kentucky Republicans was figuring out how to kneecap Democratic…
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28.04.2021
OTTAWA — Mark Carney says it will take a few budgets for the Trudeau government’s recovery plan to deliver the…
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20.04.2021
The federal Liberals have set an ambitious new target for Canada to reduce its greenhouse gas emissions as part of…
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08.05.2021
Andy Murray is set for a comeback to the tour just in time for the busiest period of the tennis…
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08.05.2021
Jurgen Klopp has thrown his weight behind out-of-form Liverpool ace Roberto Firmino in the midst of his disappointing campaign. The…
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08.05.2021
Anne Heche made a dig at her ex-girlfriend Ellen DeGeneres on Thursday as she morphed into the TV star while…
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08.05.2021
She is expecting a baby girl with her boyfriend Charles Drury in July. And Lauren Goodger showed off her growing…
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