The Organization for Economic Cooperation and Development cut its growth forecast for this year but raised its projections for 2022, indicating that some output has been delayed rather than lost.
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America is the richest country in the world, and 2020 receipts prove it. During the peak of COVID, the U.S. saw the highest growth of financial assets due to tax cuts and an explosive stock market....
The swiftness with which the coronavirus pandemic wiped out the U.S. economy in early 2020 was breathtaking. Seemingly overnight, the U.S. unemployment rate shot up to an all-time record of 14.7% in...
- Business Insider
Nearly 3 million people have signed a petition demanding that Congress issue a fourth stimulus check
The petition shows there's a clear demand from Americans for more federal support, but it's unclear whether there will be a fourth stimulus round.
- Business Insider
China's economy is set to slow sharply as it grapples with the Evergrande crisis and weaker domestic demand, Barclays says
Like other banks, Barclays has become more pessimistic about China's growth prospects as it deals with Evergrande and an energy crunch.
- Motley Fool
On Sept. 7, El Salvador became the first country to make Bitcoin (BTC) legal tender. El Salvador President Nayib Bukele announced the move just a few months before at the Bitcoin Miami conference. The country's Bitcoin law means all businesses are now obliged to take Bitcoin payments.
The Biden administration has pandemic relief for the taking, and you might qualify.
- Washington Examiner
Democrats may have to scrap a Halloween deadline for advancing a massive social welfare spending package thanks to internal fighting over the size and cost of the measure.
(Bloomberg) -- Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureThe Biggest Public Graveyard in the U.S. Is Becoming a ParkWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverOut-of-Practice Airline Pilots Are Making Errors Back in the AirGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightEuropean Central Bank President Chri
People who received overpayments in unemployment benefits from the state during most of last year and this year, will no longer have to worry about being sent to a collection agency.
BEIJING (Reuters) -China's economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recovery. The world's second-largest economy is facing several major challenges, including the China Evergrande Group debt crisis, ongoing supply chain delays and a critical electricity crunch, which sent factory output to its weakest since early 2020, when heavy COVID-19 curbs were in place. "The domestic economic recovery is still unstable and uneven," said National Bureau of Statistics (NBS) spokesperson Fu Linghui at a briefing in Beijing on Monday.
- FX Empire
Ireland is set for headline economic growth of 14.9% in 2021 on recovering global trade, fiscal and monetary support, and pent-up demand, though a revised global corporate tax deal may dull the country’s investment appeal for some multinationals.
(Bloomberg) -- Saudi Arabia has slapped several technology firms, including Uber Technologies Inc. and its Dubai-based subsidiary Careem, with tax bills worth tens of millions of dollars, according to people with knowledge the matter.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureThe Biggest Public Graveyard in the U.S. Is Becoming a ParkWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverOut-of-Practice Airline Pilots Are Making Erro
- Business Insider
Getting a COVID-19 test in NYC was easy and took no time at all - proof that when they're properly funded, government services run more efficiently than their privately-run counterparts.
The pandemic reminded us what well-funded government services are capable of. Imagine if we demanded our government take care of us.
Up to 10,000 fully vaccinated spectators can now attend races such as The Everest https://www.reuters.com/lifestyle/sports/horse-racing-third-time-lucky-nature-strip-everest-2021-10-16 in Sydney, Australia's richest turf horse race, and the country's most famous, Melbourne Cup Day, on Nov. 2. New South Wales state, of which Sydney is the capital, reached its target of 80% of people fully vaccinated on Saturday, well ahead of the rest of Australia.
The world’s second-largest economy grew by 4.9% over a year ago in the three months ending in September, down from the previous quarter’s 7.9%, government data showed Monday.
China's economic growth slowed more than expected in the third quarter, official data showed Monday, as a crackdown on the property sector and a looming energy crisis began to bite.
- Associated Press
An hour's drive to the north, the iconic bridge to the Oceanside pier is deteriorating because the city lacks the money for a roughly $25 million rehabilitation. A reason one project is moving ahead and the other isn't revolves around the American Rescue Plan — the sweeping COVID-19 relief law championed by President Joe Biden and congressional Democrats that is pumping billions of dollars to states and local governments. Under rules developed by the U.S. Treasury Department, some governments have more flexibility than others to spend their share of the money as they want.
Asian markets struggled Monday as inflation concerns returned to the fore, with commodity prices rallying and central banks preparing to roll back their ultra-loose monetary policies.
- The Week
American employers added only 194,000 positions last month, badly missing expectations for the second month in a row
(Bloomberg) -- China’s economy weakened in the third quarter, weighed by multiple headwinds from a property slump to an energy crisis.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureThe Biggest Public Graveyard in the U.S. Is Becoming a ParkWhy Buying a Second or Even Third Home Is Becoming More Popular Than EverOut-of-Practice Airline Pilots Are Making Errors Back in the AirGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightGross domestic product expan