United States Overnight Repo Rate. The Fed Has Misled the Public about the “Strength” of the Wall Street Mega Banks: This Chart Shows the True Picture. By Pam Martens and Russ Martens: April 26, 2021 ~ On Wednesday, March 11, 2020, the World Health Organization declared COVID-19 to be a pandemic.
From that point on, through March 23, the share price performance of the Standard & Poor’s 500 began to diverge dramatically from the share price performance of the mega banks on Wall Street. (See chart above.) From the start of the year in 2020, the S&P 500 fell a little more than 30 percent through March 23 while Bank of America, Morgan Stanley, Goldman Sachs, and JPMorgan Chase were down from 40 to 50 percent. Citigroup was down by a stunning 56 percent. Watchdog Report: Fed’s Billions in Emergency Repo Loans to Wall Street Didn’t Go Away in June; They Just Went Dark. By Pam Martens and Russ Martens: December 9, 2020 ~ Federal Reserve Chair Jerome Powell The U.S.
Senate Banking Committee, the House Financial Services Committee, and the U.S. mainstream business media now thoroughly qualify as the dumb tourists snapping photos of the raging bull statue on Wall Street as the Wall Street banks loot the country for the second time in a decade. Blue growth - Smart Specialisation Platform. Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private (AHETPI) Source: U.S.
Bureau of Labor Statistics Release: Employment Situation. Tables Created by BLS. May 2020 Occupation Profiles National (HTML) (XLS) State (HTML) (XLS) Metropolitan and nonmetropolitan area (HTML) (XLS) National industry-specific and by ownership (HTML) (XLS) All data (XLS) (TXT) Research estimates by state and industry Additional OES data sets Featured Tables May 2019 Occupation Profiles National (HTML) (XLS) State (HTML) (XLS) Metropolitan and nonmetropolitan area (HTML) (XLS) National industry-specific and by ownership (HTML) (XLS) All data (XLS) (TXT) Research estimates by state and industry Additional OES data sets Featured Tables May 2018 May 2017.
The Use of Knowledge in Society. If you want to learn as much as possible about economics from just one article, read Friedrich A.
Hayek’s “The Use of Knowledge in Society,” published in the September 1945 issue of The American Economic Review. First, no other article explains the economic problem as clearly. The Incredible, Rage-Inducing Inside Story of America’s Student Debt Machine. When Leigh McIlvaine first learned that her student loan debt could be forgiven, she was thrilled. In 2008, at age 27, she’d earned a master’s degree in urban and regional planning from the University of Minnesota.
She’d accrued just under $70,000 in debt, though she wasn’t too worried—that’s what it took to invest in her future. Despite now offering $15 minimum wage, Amazon still a top employer of SNAP recipients in many states. A new government watchdog report found that Amazon, Walmart, and McDonald’s were among the top employers of SNAP and Medicaid recipients A new report from a federal watchdog agency found that Amazon was among the top 25 employers with workers enrolled in the Supplemental Nutrition Assistance Program (SNAP, formerly food stamps) in six out of nine states studied.
The company—which reported $5.2 billion in profit in the second quarter of this year—notably raised its minimum wage to $15 per hour in 2018. Fee.org 15 q economics quiz. By now you have probably heard the exhortation “stay woke.”
To be woke means a person is “an informed, questioning, self-educating individual” who “look[s] past the provided narrative.” Yet, most among the self-proclaimed woke are still fast asleep. They may have a facile way of imparting narratives about issues, but those narratives are often based on neither sound facts nor theories. Nous vivons dans une "société liquide". Visa Wants to Buy Plaid, and With It, Transaction Data for Millions of People. Visa, the credit card network, is trying to buy financial technology company Plaid for $5.3 billion.
The merger is bad for a number of reasons. First and foremost, it would allow a giant company with a controlling market share and a history of anticompetitive practices to snap up its fast-growing competition in the market for payment apps. But Plaid is more than a potential disruptor, it’s also sitting on a massive amount of financial data acquired through questionable means. The great acceleration. The fault lines between industries and business models that we understood intellectually before the COVID-19 crisis have now become giant fissures, separating the old reality from the new one.
Just as an earthquake produces a sudden release of pent-up force, the economic shock set off by the pandemic has accelerated and intensified trends that were already underway. The result is a dramatic widening of the gap between those at the top and the bottom of the power curve of economic profit —the winners and losers in the global corporate-performance race. Along with the accelerated pace of change, however, comes a unique opportunity to unlock big strategic moves. Our research found that companies that pursued big strategic moves persistently, through every phase of the economic cycle, increased their odds of outperforming their peers.
Invest in the green economy and we'll recover from the Covid-19 crisis. Although it seems like ancient history, it hasn’t been that long since economies around the world began to close down in response to the Covid-19 pandemic.
Early in the crisis, most people anticipated a quick V-shaped recovery, on the assumption that the economy merely needed a short timeout. After two months of tender loving care and heaps of money, it would pick up where it left off. It was an appealing idea. A Biden Administration Could Do a Lot for Workers. President-elect Joe Biden held a virtual meeting on Monday with union leaders and corporate CEOs.
Afterward, Biden declared that he’d told the executives “I’m a union guy” and that in his administration “unions are going to have increased power.” Biden will have many opportunities in 2021 to show his words have meaning — even if one or both Democratic senatorial candidates in Georgia lose the upcoming runoff election, leaving Republicans in control of the Senate. To Future-Proof the American Economy, We Need 5 Million Digital Jobs in 5 Years. As we enter Year Two of the COVID-19 pandemic, we are at a critical juncture as a country.
Yes, the unemployment rate is falling in 2021—but in part because of people leaving the labor force. Millions more have been displaced, lost work, or are underemployed due to the continuing effects of COVID-19. And while economists predict that 2021 could be bright for the economy as a whole thanks to stimulus spending, technology will continue to displace many millions more workers. Biden Again Pitches Expanded Federal Research Investments to Keep U.S. Competitive. President Joe Biden repeated prior commitments and expanded on his broad agenda that involves investing heavily in America’s research and technology landscape during his first formal address to Congress on Wednesday night. The administration’s recently proposed American Jobs Plan includes the biggest increase in nondefense research and development on record, he noted.
“We will see more technological change in the next 10 years than we saw in the last 50—that’s how rapidly artificial intelligence and so much more is changing. And we’re falling behind in that competition with the rest of the world,” Biden said. “Decades ago, we used to invest 2% of our [gross domestic product in America] on research and development. Today, we spend less than 1%. Better defined as a minimum subsistence wage. Living Wage Calculator. Living Wage Calculator. A Calculation of the Living Wage On March 2, 2020, we posted new living wage data for the country, states, metropolitan areas, and counties.
In general, changes in the living wage tracks the inflation rate at the national level. The inflation rate in 2019 was 1.76%. Living Wage Calculator. Living-Wage-Users-Guide-Technical-Documentation-2021-02-03. Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private (AHETPI) Median-HH-Income-Growth-Since-1980. Why wealth equality remains out of reach for black Americans. Economics Textbooks. Playability. Poverty isn't a lack of character; it's a lack of cash. The Corn Market. Opinion: Dear Amazon: We love you, but you’ve got a problem.
Diversification. Reckless. COVID-19 Pandemic. Montée des inégalités, concentration des richesses.