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November 29, 2020

economic

Biden Expected to Name Top Economic Officials This Week

New York Times
WASHINGTON — President-elect Joseph R. Biden Jr. is expected to name top members of his economic team this week, including Neera Tanden, the chief executive of the Center for American Progress, to lead the Office of Management and Budget, and Cecilia Rouse, a Princeton labor economist, to run the Council......

North Korea’s Kim stresses economic policies at a politburo meeting – KCNA

Reuters
FILE PHOTO: North Korean leader Kim Jong Un at the 20th Enlarged Meeting of the Political Bureau of the 7th Central Committee of the Workers’ Party of Korea (WPK), in Pyongyang, North Korea, in this undated photo released on November 16, 2020 by North Korea’s Korean Central News Agency (KCNA).......

Analysis: Worsening pandemic raises stakes for Biden’s economic program

CNN
USA TODAY – For more and to sign up click here “You have to right the market a little bit,” the former vice president told me. “The middle class is getting killed.” Within weeks, the coronavirus hit and worsened the toll — literally and figuratively. That steepens the challenge President-elect......

Analysis: Trump’s continued rhetoric over election hampers recovery as Americans face heightened economic and health fears

CNN
USA TODAY – For more and to sign up click here “It’s going to be a very hard thing to concede,” Trump told reporters Thursday evening in the Diplomatic Reception Room where he repeated his baseless claims of “massive fraud” and said that if the Electoral College declares Biden the......

Deutsche Bank bullish about the 2021 economic recovery — but there are two key risks

CNBC
CNBC – For more and to sign up click here Traders work the floor of the New York Stock Exchange. NYSE LONDON — Deutsche Bank upgraded its global growth outlook for 2021 but cautioned that two key risks could still spoil the economic recovery from the coronavirus crisis. In the......

Joe Biden considers Roger Ferguson to lead National Economic Council, Gary Gensler for Deputy Treasury Secretary

CNBC
CNBC – For more and to sign up click here Roger Ferguson Michael Nagle | Bloomberg | Getty Images President-elect Joe Biden is considering TIAA CEO Roger Ferguson to be his National Economic Council director and former Commodity Futures Trading Commission chairman Gary Gensler as Deputy Treasury Secretary, according to......

Maine governor’s economic committee calls for federal help to support spending

WashingtonExaminer
USA TODAY – For more and to sign up click here Gov. Janet Mills’ hand-picked economic development committee is calling for more federal aid as the state wrestles with the economic impact of the coronavirus. The Economic Recovery Committee, which was created by Mills in response to the COVID-19 outbreak,......

UK announces largest peacetime borrowing ever as Covid fuels economic plunge not seen for 300 years

CNBC
CNBC – For more and to sign up click here Commuters cross London Bridge in view of Tower Bridge in London, U.K., on Monday, Nov. 2, 2020. Jason Alden | Bloomberg | Getty Images The U.K. has announced its largest peacetime borrowing level ever as the coronavirus pandemic is forecast......

Woke identity politics distracts the left from economic progress

USA Today
USA TODAY – For more and to sign up click here USA TODAY The traditional left has the biggest beef with identity politics — although they might not have completely figured this out yet. Complaining about “woke” “social justice” movements centered on racial, gender, and other identities has long been every......

Biden will likely have to reimagine the future of U.S. economic leadership in Asia, says expert

CNBC
CNBC – For more and to sign up click here Shipping containers from China and other Asian countries are unloaded at the Port of Los Angeles as the trade war continues between China and the US, in Long Beach, California on September 14, 2019. – Mark Ralston | AFP |......

Fighting the pandemic and healing its economic damage dominate talks at the G20 summit.

New York Times
New York Times – For more and to sign up click here Discussions on how to tackle the coronavirus pandemic and deal with the global economic damage it has wrought dominated the Group of 20 summit, which began on Saturday and is being hosted virtually by Saudi Arabia. In private......

Congress is far from sending more stimulus help as coronavirus cases surge and economic pain looms

CNBC
CNBC – For more and to sign up click here The U.S. Capitol dome is reflected on an ambulance at sunset in Washington, November 10, 2020. Erin Scott | Reuters Congress appeared nowhere close to passing another coronavirus relief bill Tuesday as infections surge across the country and new public......

Biden demands Trump and Congress address health and economic crises

LA_Times
USA TODAY – For more and to sign up click here Janet Hook President-elect Joe Biden, faced with worsening economic and health crises, on Monday called for action from two political forces beyond his control: Congress, which is deadlocked over economic relief, and President Trump, who refuses to concede the......

China’s Xi calls for further development of Yangtze economic belt

Reuters
(Reuters) – China’s President Xi Jinping has called for further development of the Yangtze River economic belt as part of the country’s “dual circulation” strategy, the official Xinhua news agency said on Sunday. Xi first raised the concept of dual circulation in May this year, amid a rift with the......

China’s Xi calls for further development of Yangtze economic belt

Reuters
(Reuters) – China’s President Xi Jinping has called for further development of the Yangtze River economic belt as part of the country’s “dual circulation” strategy, the official Xinhua news agency said on Sunday. Xi first raised the concept of dual circulation in May this year, amid a rift with the......

Economic Demands Test Biden Even Before Inauguration

New York Times
But muddling along could have long-term consequences. After the last recession, the federal government pulled back on aid before the economy had fully recovered, leading to a slog that was particularly hard on Black and Hispanic households. And without aid, the virus may push more businesses over the edge, setting......

Fifth Edition of CryptoSuper500 List Shows Annual Economic Value Hits New High

@BreaknNews
Cryptocurrencies have reached Exascale class supercomputing, with a hash rate of around 115 ExaHashes per second just for Bitcoin  MENLO PARK, Calif. – Nov. 13, 2020 – — OrionX Research (http://orionx.net/research) today unveiled the fifth edition of the CryptoSuper500 list. The list tracks supercomputers used for cryptocurrency mining, an intensive application......

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