Let’s Talk About Higher Wages

The nation, and the Democratic Party, desperately needs a replacement for the tired story that tax cuts drive economic growth.

#democratic-party, #labor-and-jobs, #minimum-wage, #republican-party, #taxation, #united-states-economy, #wages-and-salaries

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For the World Economy, a Grim Slog Tempered by New Hopes

The emergence of vaccines has taken the edge off the worst fears, but a meaningful economic recovery probably remains distant.

#china, #coronavirus-2019-ncov, #economic-conditions-and-trends, #europe, #great-britain, #international-monetary-fund, #international-trade-and-world-market, #italy, #layoffs-and-job-reductions, #moderna-inc, #pfizer-inc, #recession-and-depression, #shutdowns-institutional, #third-world-and-developing-countries, #united-states-economy, #united-states-politics-and-government, #world-bank

0

In Their 20s and Saving for Retirement: How It Started, How It’s Going

Three savers learned some important lessons early on.

#budgets-and-budgeting, #content-type-service, #coronavirus-2019-ncov, #generation-z, #millennial-generation, #pensions-and-retirement-plans, #personal-finances, #retirement, #savings, #stocks-and-bonds, #united-states, #united-states-economy

0

In Praise of Janet Yellen the Economist

She never forgot that economics is about people.

#federal-reserve-system, #inflation-economics, #presidential-election-of-2020, #recession-and-depression, #subprime-mortgage-crisis, #treasury-department, #united-states-economy, #yellen-janet-l

0

Edward P. Lazear, Economist and Presidential Adviser, Dies at 72

He was a widely respected labor economist at Stanford who led President George W. Bush’s economic council during the financial crisis.

#bush-george-w, #california, #colleges-and-universities, #deaths-obituaries, #economics-theory-and-philosophy, #labor-and-jobs, #lazear-edward-p, #productivity, #stanford-university, #united-states-economy, #united-states-politics-and-government, #white-house-council-of-economic-advisers

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U.S. Economy Stumbles as the Coronavirus Spreads Widely

Claims for new unemployment benefits and other data suggest that the recent increase in infections is threatening the economic recovery.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #labor-and-jobs, #layoffs-and-job-reductions, #shutdowns-institutional, #stimulus-economic, #trump-donald-j, #unemployment, #united-states, #united-states-economy, #united-states-politics-and-government

0

The Pandemic Is Still Weighing on C.E.O.s’ Minds

Harvard recently held a private meeting for executives to talk candidly about the pandemic.

#coronavirus-2019-ncov, #dicks-sporting-goods-inc, #gun-control, #harvard-school-of-public-health, #obama-barack, #stack-edward-w, #united-states-economy, #united-states-politics-and-government

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Even in a Pandemic, the Billionaires Are Winning

While many Americans suffered, the richest among us kept getting richer.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #high-net-worth-individuals, #income-inequality, #recession-and-depression, #united-states-economy

0

Who Will Miss the Coins When They’re Gone?

We used to carry and trade bits of metal everywhere, but a pandemic shortage and the rise of digital money are making jingly pockets a distant memory for many.

#american-numismatic-assn, #archaeology-and-anthropology, #banking-and-financial-institutions, #currency, #numismatics, #united-states-economy, #united-states-mint, #virtual-currency

0

Yellen Would Assume Vast Policy Portfolio as Treasury Secretary

From trade and sanctions to tax policy and financial regulation, the former Fed chair will be at the center of the new administration’s agenda.

#appointments-and-executive-changes, #biden-joseph-r-jr, #content-type-personal-profile, #coronavirus-2019-ncov, #corporate-taxes, #embargoes-and-sanctions, #federal-budget-us, #national-debt-us, #presidential-transition-us, #regulation-and-deregulation-of-industry, #treasury-department, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government, #yellen-janet-l

0

Janet Yellen Has Excelled at Big Jobs. This Will Be the Hardest One Yet.

The nominee for Treasury secretary will face the tricky politics of generating a strong recovery out of the pandemic.

#economic-conditions-and-trends, #federal-reserve-system, #treasury-department, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

0

Janet Yellen Set to Lead Treasury Department Under Biden

The former Fed chair, a labor market expert, appears poised to lead President-elect Biden’s Treasury Department.

#akerlof-george-a, #appointments-and-executive-changes, #biden-joseph-r-jr, #federal-reserve-system, #treasury-department, #united-states-economy, #united-states-politics-and-government, #yellen-janet-l

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Biden’s Pick for Secretary Of State Will Try to Rebuild Alliances

In choosing Tony Blinken as secretary of state, the Biden team suggests a return to global cooperation.

#biden-joseph-r-jr, #blinken-antony-j, #international-trade-and-world-market, #presidential-transition-us, #stimulus-economic, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

0

G20 Summit Closes With Little Progress and Big Gaps Between Trump and Allies

World leaders committed to some efforts to fight the coronavirus pandemic, but the meeting illustrated the difficulty of carrying out an agenda when the United States is indifferent or hostile to many goals.

#arms-control-and-limitation-and-disarmament, #biden-joseph-r-jr, #coronavirus-2019-ncov, #global-warming, #group-of-twenty, #international-trade-and-world-market, #presidential-election-of-2020, #trump-donald-j, #united-nations-framework-convention-on-climate-change, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

0

Biden Team, Pushing Quick Stimulus Deal, Prepares for Renewed Recession

Economists warn that lawmakers must pass aid now, as a renewed coronavirus surge chills consumer spending and business activity.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-budget-us, #house-of-representatives, #labor-and-jobs, #law-and-legislation, #presidential-transition-us, #recession-and-depression, #republican-party, #senate, #small-business, #stimulus-economic, #unemployment, #united-states-economy, #united-states-politics-and-government

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Meeting With Schumer and Pelosi, Biden Keeps Focus on Virus and Economy

On his 78th birthday, President-elect Joseph R. Biden Jr. ignored President Trump’s continued efforts to subvert the election results.

#appointments-and-executive-changes, #biden-joseph-r-jr, #coronavirus-2019-ncov, #pelosi-nancy, #presidential-election-of-2020, #presidential-transition-us, #schumer-charles-e, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

0

Mnuchin Cites Principles in Clawing Back Fed Money. Democrats See Politics.

Trump’s Treasury secretary said Congress wanted key economic supports to end by Dec. 31, a view he expressed only after the vote count in the presidential election.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #credit-and-debt, #federal-reserve-system, #mnuchin-steven-t, #powell-jerome-h, #stimulus-economic, #treasury-department, #united-states-economy

0

Mnuchin’s Inglorious Endgame

The Trump administration’s abrupt decision to curtail the Federal Reserve’s emergency lending programs is a gamble with no upside.

#coronavirus-aid-relief-and-economic-security-act-2020, #federal-reserve-system, #mnuchin-steven-t, #presidential-election-of-2020, #presidential-transition-us, #stimulus-economic, #treasury-department, #united-states-economy, #united-states-politics-and-government

0

Economic Policy Has Become a Partisan Game. That Could Do Long-Term Harm.

Mnuchin’s move and Shelton’s near-confirmation suggest a future of greater risks each time party control changes.

#appointments-and-executive-changes, #coronavirus-aid-relief-and-economic-security-act-2020, #economic-conditions-and-trends, #federal-reserve-system, #mnuchin-steven-t, #shelton-judy, #stimulus-economic, #united-states-economy

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How Steve Mnuchin Snubbed Joe Biden

He terminated emergency-lending programs that will limit the new administration’s options — and upset the Federal Reserve, too.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #federal-reserve-system, #senate, #stimulus-economic, #treasury-department, #trump-donald-j, #united-states-economy

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Making the Most of the Coming Biden Boom

The economic outlook is probably brighter than you think.

#coronavirus-2019-ncov, #presidential-election-of-2020, #presidential-transition-us, #subprime-mortgage-crisis, #unemployment, #united-states-economy, #united-states-politics-and-government

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Unemployment Claims Rise as Economic Worries Grow

With coronavirus cases increasing again in the United States, the “fragility of the recovery” is in jeopardy, one economist said.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy

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The Daily: How Is the U.S. Economy Doing?

As several areas in the U.S. start to reimpose coronavirus restrictions, we look at some landmark figures that illuminate the depth of the recession and the prospects for recovery.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #labor-and-jobs, #unemployment, #united-states-economy

0

Racism Impoverishes the Whole Economy

While the targets unquestionably suffer the most, denying people equal opportunities diminishes the finances of millions of Americans.

#bell-laboratories, #black-people, #boards-of-directors, #civil-rights-movement-1954-68, #colleges-and-universities, #discrimination, #education-k-12, #forbes-magazine, #gross-domestic-product, #hispanic-americans, #income-inequality, #innovation, #inventions-and-patents, #michigan-state-university, #minorities, #musk-elon, #race-and-ethnicity, #research, #scholarships-and-fellowships, #small-business-administration, #united-states-economy, #venture-capital, #wages-and-salaries, #women-and-girls

0

A Simple Theory of Why Trump Did Well

Elections are complicated, but the money the government sent to more than 150 million Americans didn’t hurt.

#black-lives-matter-movement, #black-people, #bush-george-w, #police-reform, #presidential-election-of-2020, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

0

Judy Shelton, Trump Fed Nominee, Fails to Advance to Final Vote

Ms. Shelton, a Trump loyalist with unusual views, hit a major setback. But her journey toward the Federal Reserve’s Board of Governors may not be over.

#appointments-and-executive-changes, #banking-and-financial-institutions, #economics-theory-and-philosophy, #federal-reserve-system, #gold, #interest-rates, #mcconnell-mitch, #senate, #shelton-judy, #trump-donald-j, #united-states-economy, #united-states-politics-and-government

0

Recession With a Difference: Women Face Special Burden

Hit hard by job losses and the pandemic’s effect on schooling and child care, American women face short-term difficulties and long-term repercussions.

#careers-and-professions, #child-care, #coronavirus-2019-ncov, #families-and-family-life, #income, #labor-and-jobs, #parenting, #recession-and-depression, #shutdowns-institutional, #united-states-economy, #women-and-girls

0

Don’t Fear the Robots, and Other Lessons From a Study of the Digital Economy

A task force assembled by M.I.T. examined how technology has changed, and will change, the work force.

#community-colleges, #computers-and-the-internet, #e-learning, #labor-and-jobs, #massachusetts-institute-of-technology, #research, #united-states-economy, #vocational-training, #wages-and-salaries

0

Biden’s China Policy? A Balancing Act for a Toxic Relationship

As president, Joe Biden will face deep dilemmas, and a lot of unfinished business, stemming from President Trump’s multiyear onslaught against China.

#coronavirus-2019-ncov, #economic-conditions-and-trends, #embargoes-and-sanctions, #factories-and-manufacturing, #intellectual-property, #presidential-election-of-2020, #quantum-computing, #united-states-economy, #united-states-international-relations

0

Economic Demands Test Biden Even Before Inauguration

With the recovery slowing and coronavirus cases surging, Democrats must decide whether quick action on federal aid is more important than its scale.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #democratic-party, #federal-aid-us, #house-of-representatives, #recession-and-depression, #republican-party, #senate, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

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The Coronavirus Pandemic Is Showing Us How Capitalism Is Amazing, and Inadequate

Why big business needs big government and vice versa.

#capitalism-theory-and-philosophy, #coronavirus-2019-ncov, #federal-aid-us, #pfizer-inc, #public-private-sector-cooperation, #united-states-economy

0

Biden’s Transition Teams Suggest Tougher Wall Street Oversight

The president-elect has chosen proponents of stronger regulation to begin reviewing financial agencies.

#banking-and-financial-institutions, #consumer-financial-protection-bureau, #consumer-protection, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #english-leandra, #federal-deposit-insurance-corp, #federal-reserve-system, #gensler-gary-s, #kelleher-dennis-m, #presidential-transition-us, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #shelton-judy, #united-states-economy, #waller-christopher-1959

0

Stock Market Hits Record on Biden Win and Vaccine Hopes

Money poured into equity markets after Joseph R. Biden Jr. was declared president-elect and Pfizer and BioNTech announced that their vaccine candidate was highly effective.

#biden-joseph-r-jr, #presidential-election-of-2020, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy, #vaccination-and-immunization

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A Republican Senate Would Be Bad for Business

What’s bad for America would be bad for corporations, too.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #infrastructure-public-works, #labor-and-jobs, #mcconnell-mitch, #presidential-election-of-2020, #republican-party, #senate, #unemployment, #united-states-economy

0

Trump Bars Investment in Chinese Firms With Military Ties

The ban, which affects companies including Huawei, China Mobile and China Telecom, is the administration’s first major move toward decoupling American financial markets from China.

#aviation-industry-corporation-of-china-avic, #china, #china-mobile-ltd, #china-telecom, #china-telecommunications, #coronavirus-2019-ncov, #defense-and-military-forces, #economic-conditions-and-trends, #executive-orders-and-memorandums, #huawei-technologies-co-ltd, #inspur-group, #international-trade-and-world-market, #pensions-and-retirement-plans, #sinochem, #trump-donald-j, #united-states-defense-and-military-forces, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

0

Economic Risks Are High as Chances for Quick Stimulus Narrow

The Federal Reserve chief warned that a vaccine was still too uncertain to count on, and lawmakers signaled that more support was not imminent.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-budget-us, #lagarde-christine, #law-and-legislation, #mcconnell-mitch, #powell-jerome-h, #senate, #stimulus-economic, #unemployment, #united-states-economy

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Bill Gates, Elizabeth Warren, Killer Mike and More Will Speak at the DealBook Online Summit

Bill Gates, Senator Elizabeth Warren, Jamie Dimon, Masayoshi Son, Killer Mike and more will join us.

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #bourla-albert, #burns-ursula-m, #dimon-james, #fauci-anthony-s, #killer-mike, #smith-robert-f-1962, #son-masayoshi, #united-states-economy, #warren-elizabeth

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Election Showed a Wider Red-Blue Economic Divide

Some partisan differences were scrambled, but places with brighter future prospects swung toward Biden.

#biden-joseph-r-jr, #hispanic-americans, #income-inequality, #labor-and-jobs, #presidential-election-of-2016, #presidential-election-of-2020, #trump-donald-j, #united-states-economy

0

Biden’s Policy Agenda Rests Heavily on Senate Outcome

Which party controls the Senate will largely dictate how ambitious President-elect Joe Biden can get on taxes, health care, climate change and other policy priorities.

#coronavirus-aid-relief-and-economic-security-act-2020, #elections-house-of-representatives, #elections-senate, #federal-taxes-us, #government-contracts-and-procurement, #high-net-worth-individuals, #presidential-election-of-2020, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Unemployment Benefit Cutoff Looms for Millions at Year’s End

Emergency federal programs to assist the unemployed in the pandemic will expire at year’s end if there is no congressional action.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #labor-and-jobs, #stimulus-economic, #unemployment, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

0

Lael Brainard’s Steady Rise Could Culminate in Treasury Secretary Post

The Fed governor is seen as a top candidate for the job, though some progressives try to paint her as a centrist who was soft on China.

#banking-and-financial-institutions, #biden-joseph-r-jr, #brainard-lael, #federal-reserve-system, #presidential-transition-us, #treasury-department, #united-states-economy, #united-states-politics-and-government

0

Federal Reserve’s Emergency Loan Programs at Center of Political Fight

Democrats are eyeing the programs as a backup option if they can’t strike a deal to aid states and localities, and believe they may be needed to backstop markets. Republicans want them off the table.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #credit-and-debt, #democratic-party, #federal-reserve-system, #mnuchin-steven-t, #municipal-bonds, #powell-jerome-h, #presidential-election-of-2020, #republican-party, #stimulus-economic, #treasury-department, #united-states-economy, #united-states-politics-and-government

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While the Pandemic Wrecked Some Businesses, Others Did Fine. Even Great.

Third-quarter financial results suggest that strong companies have gotten stronger and that some others are in dire straits.

#airlines-and-airplanes, #automobiles, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #recession-and-depression, #restaurants, #shutdowns-institutional, #standardpoors-500-stock-index, #stimulus-economic, #stocks-and-bonds, #travel-and-vacations, #united-states-economy

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In a Divided Washington, Biden Could Still Exert Economic Power

If Republicans control the Senate, a Biden administration could take a cue from President Trump and find ways to act unilaterally on some economic issues.

#biden-joseph-r-jr, #consumer-financial-protection-bureau, #cordray-richard, #coronavirus-aid-relief-and-economic-security-act-2020, #corporate-taxes, #federal-reserve-system, #federal-taxes-us, #international-trade-and-world-market, #kraninger-kathy, #minimum-wage, #presidential-election-of-2020, #quarles-randal-k, #regulation-and-deregulation-of-industry, #stimulus-economic, #student-loans, #tiktok-bytedance, #trump-donald-j, #united-states-economy, #united-states-politics-and-government, #wechat-mobile-app

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Why the Biden Economy Could Be the Same Long Slog as the Obama Economy

With continuing Republican control of the Senate likely, the sort of large-scale stimulus some economists have urged may be off the table.

#biden-joseph-r-jr, #economic-conditions-and-trends, #federal-reserve-system, #powell-jerome-h, #recession-and-depression, #stimulus-economic, #united-states-economy

0

The Danger in White Moderates Setting Biden’s Agenda

With at most a narrow majority in the Senate, the new president will be inclined to do less. He must be pushed to do more.

#biden-joseph-r-jr, #coronavirus-2019-ncov, #fringe-groups-and-movements, #presidential-election-of-2020, #senate, #united-states-economy

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Jobs Report Shows Gains but Vulnerability to New Coronavirus Surge

U.S. payrolls grew by 638,000 in October and unemployment fell to 6.9%, but lockdowns could stifle a rebound in restaurant and retail work.

#coronavirus-2019-ncov, #hiring-and-promotion, #labor-and-jobs, #labor-department-us, #layoffs-and-job-reductions, #restaurants, #shopping-and-retail, #unemployment, #united-states, #united-states-economy

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The Economy Is Healing. But Not Fast Enough to Prevent Serious Damage.

The jobs report suggests a continued rebound but also long-lasting scars.

#labor-and-jobs, #recession-and-depression, #unemployment, #united-states-economy

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Is America Becoming a Failed State?

Mitch McConnell may make the nation ungovernable.

#biden-joseph-r-jr, #mcconnell-mitch, #presidential-election-of-2020, #senate, #united-states-economy, #united-states-politics-and-government

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How a Quick Stimulus Has an Increased Chance in Divided Government

Congressional leaders and business groups are raising the possibility of new economic aid from Congress in the lame-duck session.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #elections-house-of-representatives, #elections-senate, #federal-aid-us, #house-of-representatives, #law-and-legislation, #presidential-election-of-2020, #senate, #stimulus-economic, #united-states-economy, #united-states-politics-and-government

0