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North Carolina Senate approves biennium budget with $1B tax cut

Watauga Democrat 25 Jun 2021
Under the proposal, the state would spend $25.7 billion from the general fund in fiscal 2022 and $26.6 billion in 2023. North Carolina would also use $5.1 billion in federal State Fiscal Recovery funds, while state economists predict the state will have a $6.5 billion surplus.
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Red states’ recovery fuels GOP fight against Biden’s spending plans

Politico 24 Jun 2021
“Across the board, there could have been a lot better use of the funds being more targeted,” Rachel Greszler, an economist at the Heritage Foundation, said ... More than two dozen GOP governors have moved to end supplemental unemployment benefits funded by the federal government, citing labor shortages they say are triggered by the generosity.
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GNAT plans to establish commercial bank

B & FT Online 24 Jun 2021
Economist and Guest-Speaker Kwame Pianim emphasised that the goal of the Teachers’ Fund (TF) is attainable if only there is a united front at the GNAT level and sound selfless management at Teachers’ Fund level for the good of all. He urged the association to also consider retirement homes for teachers, with the Teachers’ Fund as an off-taker.
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Boldly finance recovery to build forward better

The Manila Times 24 Jun 2021
With developing countries heavily handicapped, the International Monetary Fund (IMF) warns of a "dangerous [new] divergence." ... The Economist believes death rates in developing countries are much higher than officially reported - 12 times more in low- and middle-income countries (LMICs), and 35 times greater in low-income countries (LICs)!.
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'Siguradong Sahod' to substantially reduce poverty

The Manila Times 23 Jun 2021
It is now accepted by some well-known international economists that economic growth alone cannot eradicate poverty ... However, it is recognized that to a poor country, the amount of funds such a program would require is huge and maybe unaffordable. For this reason, some economists ...
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Metro area schools receive more local tax funds

The Northside Sun 23 Jun 2021
The report by the Joint Legislative Committee on Performance Evaluation and Expenditure Review, says Mississippi's public school districts received approximately $23.8 billion from all government sources (state, local and federal funds) from fiscal 2016 to 2020 ... State funds are ...
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Regime's unwilling reforms may stop Venezuelan economic debacle

Petroleum World 23 Jun 2021
“The reality is that almost everyone in the country is living through poverty and extreme hardship,” said Sergi Lanou, deputy chief economist at the International Finance Institute, by telephone from Washington ... Monetary Fund. Other economists are even more pessimistic.
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Come clean on the true state of Ghanaian economy – Economist to IMF, World Bank

Ghana Web 22 Jun 2021
• The economist has charged the IMF and World Bank to be realistic about the country’s economy ... Economist, Dr Said Boakye wants the International Monetary Fund and the World Bank to always come clean on the truth state of the Ghanaian Economy ... “Always we should raise our tax revenue, how much can we tax poor people ... Join our Newsletter. .
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A Major New Index Fund Should Unnerve Climate-Skeptical CEOs

The Atlantic 22 Jun 2021
Last month, a tiny hedge fund called Engine No ... Now the hedge fund is ready to recruit ordinary investors—people with 401(k)s, Robinhooders , the financially curious—into its army. Tomorrow it is launching an exchange-traded fund, or ETF, that will track the performance of the 500 largest public companies in America, the firm told The Atlantic.
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How a California surfer helped bring Bitcoin to El Salvador

The Los Angeles Times 22 Jun 2021
He did not explain how the fund would be big enough, given that El Salvadorans in the United States send home $6 billion in remittances each year ... Economists say the Bitcoin plan could derail El Salvador’s negotiation of a more than $1-billion loan from the International Monetary Fund, which economists say will be necessary by the end of this year.
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Australia’s top economists back government intervention to speed switch to electric cars

The Observer 21 Jun 2021
Australia’s top economists overwhelmingly back government measures to speed the transition to electric cars in order to meet emission reduction targets ... Asked whether Australia should take action to speed the transition, eight in 10 of the 62 economists selected by the Economic Society said it should.
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Longmont company rolls out new grass mowing robot, no water breaks required

The Tribune Greeley 20 Jun 2021
“Jobs that are most susceptible to automation tend to involve routine and manual tasks, and those jobs havetraditionally been performed by workers with mid-level skills or low-skilled workers,” Tahsin Saadi Sedik and Jiae Yoo, economists with the International Monetary Fund, wrote in a recent paper on automation.
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BOJ commits to climate measures

Taipei Times 18 Jun 2021
An economist said that the bank is following a trend as private companies start taking action, ‘but this is different from monetary easing’ ... That move was expected by most economists and seen as a tweak around the margins of a policy tool kit that is largely tapped out.
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The Fed's latest policy decision will prop up stocks through 2021 but it may be ...

Business Insider 18 Jun 2021
However, the economist said he's worried the central bank is making a policy mistake ... The latest policy decision from the Federal Reserve will provide ample liquidity to keep stocks going strong for the rest of 2021, but it may have not been the right move for the central bank, according to economist Mohamed El-Erian.

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