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Search resuls for: "JEC"


3 mentions found


☆ Jeddah Tower: Construction of world’s tallest skyscraper resumes
  + stars: | 2024-10-03 | by ( Oscar Holland | ) edition.cnn.com   time to read: +5 min
CNN —Construction of Saudi Arabia’s kilometer-high Jeddah Tower, which will become the world’s tallest skyscraper upon completion, has resumed almost seven years after work ground to a halt amid a kingdom-wide anti-corruption purge. His family’s firm, which also owns a stake in the Jeddah Tower project, has been rehired to complete the construction work. Designed for extremesFormerly known as Kingdom Tower, the skyscraper broke ground in 2013 and was initially expected to be completed by 2020. The architect’s Chicago-based practice, Adrian Smith + Gordon Gill, has said the tower’s shape “evokes a bundle of leaves shooting up from the ground.”Work halted on the unfinished Jeddah Tower in 2018. Jeddah Tower will be the crown jewel of a wider 57-million-square-foot, $20-billion development dubbed Jeddah Economic City.
Persons: Prince Mohammed bin Salman’s, JEC, Saudi Prince Alwaleed bin Talal, Alwaleed, “, Bakr, Laden, Osama bin Laden, Adrian Smith, Gordon Gill, Amel, ” Adrian Smith, JEC’s, Hisham Jomah, ”, Jomah Organizations: CNN, Jeddah Economic Company, Saudi, Kingdom Holding Company, ”, Kingdom Holding, Saudi Binladen Group, Newsweek, Maxar, Jeddah Economic Locations: Saudi, Jeddah, Saudi Prince, Dubai, Burj Khalifa, Chicago, Medina, Mecca, “
☆ Americans could lose $20,000 in retirement savings and private student-loan borrowers could see their payments surge if Republicans don't raise the debt ceiling, a new report says
  + stars: | 2023-03-25 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +5 min
The Joint Economic Committee released a report on the consequences of failing to raise the debt ceiling. Republicans have floated a range of spending cuts to raise the debt ceiling that Democrats have rejected. On Thursday, the Joint Economic Committee (JEC) — a congressional group that reviews economic policy — released a report analyzing the consequences of failing to raise the debt ceiling. Republicans are gambling with Americans' savings, benefits, and lives, all to play a political game." That's why Biden and Democratic lawmakers have been insisting that raising the debt ceiling be bipartisan, without any negotiations.
☆ Opioid crisis cost U.S. nearly $1.5 trillion in 2020 -Congressional report
  + stars: | 2022-09-28 | by ( Ahmed Aboulenein | Thomson Reuters | Washington-Based Correspondent Covering U.S. Healthcare | ) www.reuters.com   time to read: +2 min
WASHINGTON, Sept 28 (Reuters) - Fueled by the COVID-19 pandemic, the economic toll of the opioid addiction and overdose crisis on the United States reached nearly $1.5 trillion in 2020 alone and is likely to grow, a Congressional report seen by Reuters shows. It's a mind boggling number of deaths," said Representative David Trone, who sits on the Congressional Joint Economic Committee (JEC) that issued the report. "The rise in fatal opioid overdoses in 2021 suggests the total cost is likely to continue to increase," the report said. Although opioid use is more common among white people, Black people accounted for 17% of U.S. fatal opioid overdoses in 2020 despite making up 12.5% of the population. President Joe Biden announced on Friday nearly $1.5 billion to fund access to medications for opioid overdoses, sanctions against traffickers, and increased funding for law enforcement.
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