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Goldman cuts forecast for U.S. economic growth in 2021 and 2022

FILE PHOTO: A construction worker climbs above a line of fencing at the site of a large public infrastructure reconstruction project of an elevated roadway and bridges in upper Manhattan in New York City, New York, U.S., April 22, 2021. REUTERS/Mike Segar (Reuters) – Goldman Sachs cut its U.S. economic growth target to 5.6% for […]

Janet Yellen Confident That Global Corporate Minimum Tax Gets Passed

Treasury Secretary Janet Yellen expressed confidence Sunday that legislation to implement the global corporate minimum tax will be approved by Congress despite Republican opposition. “Yes. I am confident that what we need to do to come into compliance with the minimum tax will be included in a reconciliation package. I hope that we, that it will be […]

There’s no point in Labour waiting for Britain’s economic crisis to get worse | John Harris

On the face of it, politics in England is in a weird, almost delirious state. The governing party has been in power for more than a decade and now claims to want to solve problems it has either ignored or worsened. Brexit is causing calamities that show no signs of easing; and the government’s handling […]

Economic “Trees” (Data) And The Forest Du Jour: Stagflation

The Pando appears to be 107 acres of forest, but scientists have concluded that the nearly 47,000 genetically identical quaking aspen trees share a common root system. It is a single organism. It is estimated to be around 80,000 years old and weighs something of the magnitude of 13 million pounds. It may be dying. […]

Six ENC groups part of $105,000 awarded from Dollar General to support youth literacy, education

by: Dollar General Literacy Foundation, Jason O. Boyd Posted: Oct 9, 2021 / 02:42 PM EDT / Updated: Oct 9, 2021 / 02:42 PM EDT (File/Getty) GOODLETTSVILLE, Tenn. — The Dollar General Literacy Foundation announced the recent award of more than $105,000 in youth literacy grants to North Carolina teachers, libraries and nonprofit organizations. The […]

World’s Supply-Chain Disaster Is Driven by a US-China Conflict

The supply chain crisis is one of 2021’s biggest stories, but it can be traced back to the last decade. The US-China “trade war” of the Trump years included semiconductor chips — the exact shortage crippling the world’s economy. Biden isn’t changing course from Trump, and it’s leaving Americans short on personal electronics and cars. […]

The U.S. economy is expected to speed up after a delta-led recession

The Covid-19 Delta variant seemed to mitigate economic growth this summer, but economists expect the pandemic recovery to accelerate again as the virus’s damage is mitigated. In recent weeks, many economists have seen economic growth in the third quarter, mainly because consumers have delayed spending on food, hotels and airline tickets amid the proliferation of […]

Creating the new hydrogen economy is a massive undertaking

TODAY’S HYDROGEN business is, in global terms, reasonably small, very dirty and completely vital. Some 90m tonnes of the stuff are produced each year, providing revenues of over $150bn—approaching those of ExxonMobil, an oil and gas company. This is done almost entirely by burning fossil fuels with air and steam—a process which uses up 6% […]

Future road projects spark ‘exploding’ economic growth in Madison County

JACKSON, Miss. (WLBT) – The promises of wider roads and better access have sparked a construction boom in the Bozeman Road area, so says Madison County District 2 Supervisor Trey Baxter. If you drive down Bozeman Road, you’re likely to signs of new growth, from a new assisted living facility now under construction, and a […]

Pound Sterling Firms against Dollar and Euro Following U.S. Jobs Report

Image © Adobe Images Market rates at publication:GBP/EUR: 1.1780 | GBP/USD: 1.3634 Bank transfer rates:1.1550 | 1.3352 Specialist transfer rates:1.1720 | 1.3566 Get a bank-beating exchange rate quote, here Set an exchange rate alert, here The Dollar sold off against the Euro and Pound in the wake of the release of the U.S. jobs report […]