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☆ Is Biden correct that the pandemic is over? Not exactly.
▼ + stars: | 2022-09-24 | by ( Denis Nash | ) www.nbcnews.com time to read: +9 min

During a CBS “60 Minutes” interview that aired on Sunday, President Joe Biden said the SARS CoV-2 pandemic was over. If Biden was referring to the emergency phase of the pandemic being over, his statement is in some ways correct — at least for now. If Biden was referring to the emergency phase of the pandemic being over, his statement is in some ways correct — at least for now. The U.K.’s Office for National Statistics (ONS) has had a model long Covid surveillance system in place since February 2021. Displaying long Covid metrics and related trends on the Covid Data Tracker would be helpful.

British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng visit Berkeley Modular, in Northfleet, Kent, Britain, September 23, 2022. The pound crashed below $1.09 for the first time since 1985 and British government bonds suffered the biggest daily fall in decades. "I've rarely seen an economic policy that is as uniformly panned by economic experts and financial markets," said Harvard professor Jason Furman, former chair of the U.S. Council of Economic Advisers during Barack Obama's presidency. Britain's Institute for Fiscal Studies compared Kwarteng's statement to a budget in 1972 that similarly sought to double Britain's rate of economic growth, but is widely remembered as a disaster for its inflationary effect. Furman said Truss might also have no choice but to undo some of her plans if Britain's debt problems start to spiral because of higher interest rates.

☆ Russian support for Putin is eroding, says Brookings Institution's Michael O’Hanlon
▼ + stars: | 2022-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussian support for Putin is eroding, says Brookings Institution's Michael O’HanlonMichael O’Hanlon, senior fellow at the Brookings Institution, joins CNBC's 'Squawk Box' to discuss new plans from the G7 nations to add additional sanctions on Russia for its "escalatory steps" against Ukraine.

☆ We should take Putin's nuclear threat seriously, says Brookings' O'Hanlon
▼ + stars: | 2022-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe should take Putin's nuclear threat seriously, says Brookings' O'HanlonMichael O’Hanlon, the Brookings Institution, joins Shep Smith to discuss Putin’s decision to call up 300,000 reservists and what that means at this stage of his war with Ukraine.

☆ Tech leaders dish on how asinine it is to try to describe their companies, products, and worth to Congress
▼ + stars: | 2022-09-21 | by ( Hanna Kang | Kayla Gallagher | ) www.businessinsider.com time to read: +24 min

Tech companies are worried an aging Congress can't meet or even understand their demands. Younger members of Congress are beginning to take the lead in conversations on tech issues. Hawley said younger members are generally more critical of big tech. However, he added, new technologies are more widely used by younger people, and users tend to understand technology better. Meanwhile, major tech companies continue to ramp up their federal lobbying spending, together spending more in 2021 than in any other year in history.

☆ William A. Galston — Opinion Columnist, Politics & Ideas at The Wall Street Journal
▼ + stars: | 2022-09-19 | by ( William A. Galston | ) www.wsj.com time to read: +1 min

William A. GalstonWilliam A. Galston writes the weekly Politics & Ideas column in the Wall Street Journal. He holds the Ezra K. Zilkha Chair in the Brookings Institution’s Governance Studies Program, where he serves as a senior fellow. A participant in six presidential campaigns, he served from 1993 to 1995 as Deputy Assistant to President Clinton for Domestic Policy. Mr. Galston is the author of 10 books and more than 100 articles in the fields of political theory, public policy, and American politics. A winner of the American Political Science Association’s Hubert H. Humphrey Award, he was elected a Fellow of the American Academy of Arts and Sciences in 2004.

☆ The U.S. retirement system gets a ‘C+’ grade, experts say — even though it’s worth $39 trillion. Here's why
▼ + stars: | 2022-09-19 | by ( Greg Iacurci | ) www.cnbc.com time to read: +9 min

The U.S. has a voluntary retirement savings system. But most IRA funds aren't contributed directly — they were first saved in a workplace retirement plan and then rolled into an IRA. 1 issue," Will Hansen, chief government affairs officer at the American Retirement Association, a trade group, said of workplace retirement savings. "[However], the retirement system is actually a good system for those who have access," Hansen said. In such cases, it may not be fair to place primary blame on the structure of the U.S. retirement system, Hansen said.

☆ Elon Musk says we should start worrying about deflation, even though prices are still growing at a four-decade high
▼ + stars: | 2022-09-14 | by ( Jason Lalljee | Ben Winck | ) www.businessinsider.com time to read: +4 min

Elon Musk called on the Fed to cut interest rates on Wednesday, citing fears of deflation. Musk's tweet comes one week before the Fed is expected to raise rates aggressively to fight inflation. Elon Musk suggested in a Wednesday tweet that the Federal Reserve should give up its fight against inflation and instead pivot to worry about deflation, otherwise known as declining prices. Markets and economists largely expect policymakers to raise interest rates by three-quarters of a percentage point when they meet on September 21, marking the third consecutive hike of that size. Rising interest rates combat inflation by encouraging companies to cut expenses, but it's often at the cost of jobs.

☆ The Quad is going beyond military exercises — and China is watching
▼ + stars: | 2022-07-04 | by ( Nessa Anwar | ) www.cnbc.com time to read: +1 min

The Quad, or the Quadrilateral Security Dialogue, comprises four big, democratic economies: the United States, Japan, India and Australia. The Quad countries have cooperated in areas ranging from health and infrastructure development to military exercises —most notably the Exercise Malabar naval war games, which have developed into a permanent feature of the Quad. That includes being an effective counterbalance to China's dominance in the Indo-Pacific region. "What the Quad countries individually and collectively have been concerned about is about China's behavior," Tanvi Madan, director of The India Project at the Brookings Institution, told CNBC. Watch the video above to learn more about the Quad's influence in the Indo-Pacific region.

Persons: Ted Kemp, Tanvi Madan Organizations: NATO, CNBC International, The, Brookings Institution, CNBC Locations: United States, Japan, India, Australia, China, Malabar

☆ Americans agree — companies should invest in workers, including paying employees a livable wage
▼ + stars: | 2022-05-26 | by ( Martin Whittaker | ) www.businessinsider.com time to read: +6 min

But there's a difference between increasing pay and giving workers a living wage. Recent polling shows that 85% of Americans want companies to invest in their workers. And while many companies have been doing so by increasing starting pay and adding new benefits, now it's time to tackle paying a living wage. Paying a living wage is a key part of the equation. This is just one example of workers' financial security needs helping to drive corporate action (PayPal is probably the most well known).

☆ Financial Times: Ţările cu un ritm lent de vaccinare împotriva COVID vor avea o redresare economică slabă
▼ + stars: | 2021-04-06 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Ţările cu multe cazuri noi de COVID-19 şi un ritm lent de vaccinare vor înregistra o redresare economică slabă, potrivit Financial Times, citează Agerpres. FMI şi ONU avertizează că statele sărace afectate de consecinţele economice şi sanitare ale pandemiei riscă să se confrunte cu o criză a datoriilor. Potrivit indicelui Brookings-FT, SUA şi China, primele două cele mai mari economii ale lumii, conduc redresarea economică la nivel global, dar fiecare cu un mix de politici diferit. Astfel, în timp ce SUA mizează pe stimulente fiscale, China se axează pe termen lung pe creşterea consumului şi a sectorului serviciilor. Politicile indecise afectează încrederea consumatorilor şi a mediului de afaceri din economiile mai slabe, ceea ce se adaugă constrângerilor economice, concluzionează Eswar Prasad.

Persons: ., Eswar Organizations: Financial Times, FMI, ONU Locations: SUA, China, Europa, America

☆ SUA: Pandemia a creat mai multă foamete, în special în rândul copiilor
▼ + stars: | 2020-12-07 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +4 min

În aceste condiţii, adolescenta se aşează la coadă în faţa unei şcoli pentru a beneficia de distribuirea de alimente, acţiune organizată de o asociaţie non-profit. "Uneori avem nevoie de un pic de provizii pentru a ne menţine frigiderul plin", explică Kimberly în Cockeysville, o localitate la nord de oraşul Baltimore, într-o pauză de la cursurile care acum se desfăşoară online.Din ce în ce mai mulţi copii sunt flămânzi în SUA. "Uneori este foarte dificil, dar trebuie să mergem mai departe", a spus ea. "Îmi frânge inima",declară Ayo Akinremi, un imigrant nigerian care a început să vină pentru a primi alimente pentru soţie şi copii după ce şi-a pierdut slujba şi acum face voluntariat. "A fost un şoc cultural pentru mine să vin în SUA şi să găsesc atâta nesiguranţă alimentară", a declarat acesta, scrie agerpres.ro.

Persons: El, Kimberly Orellana, Kimberly, Lauren Bauer, Chloe Waterman, Bauer Organizations: Agriculturii Locations: El Salvador, Cockeysville, Baltimore, flămânzi, SUA

Gerald Grant Jr. and Gerald Grant III are financial advisors in Miami and coauthors of a new book about building generational wealth. This article is part of "Money That Lasts," an ongoing series about generational wealth from Personal Finance Insider. In conversation with Business Insider, Gerald Grant Jr. and Gerald Grant III, father-son financial advisors at Equitable Advisors in Miami, said there are at least two ways Black Americans can start building wealth for themselves and their kids today. Income also appears to be a key factor in stock-market participation for Black Americans, according to a survey by Ariel Investments in 2015. About 57% of Black Americans earning between $50,000 and $100,000 were invested, while 81% earning $100,000 or more were invested.

☆ WATCH: Experts discuss race, wealth-building, and closing the racial wealth gap once and for all
▼ + stars: | 2020-09-29 | by ( Business Insider | ) www.businessinsider.com time to read: +3 min

The racial wealth gap in the United States is enormous — and growing. On September 25 at 4pm EST, a group of thinkers joined Business Insider reporter Taylor Nicole Rogers for a live Zoom discussion on how to close the racial wealth gap. The conversation is a part of our "Inside the racial wealth gap" series. On September 25 at 4pm EST, a group of thinkers joined Business Insider reporter Taylor Nicole Rogers for a live conversation via Zoom on closing the racial wealth gap. This conversation is part of Business Insider's "Inside the racial wealth gap" series, examining how we got here and why the wealth gap persists.

When the enslaved population was first freed, the Freedman's Bank was established to provide a savings and wealth-building tool. Black bank customers lost millions in deposits. When Freedman's Bank closedA short nine years after opening, the Freedman's Bank closed in 1874. The Freedman's Bank collapse destroyed Black people's trust in financial systemsMy grandmother had a bank account. In short, in the African American community, the Freedman's Bank collapse is to finance what the Tuskegee experiments are to healthcare.

The racial wealth gap in America is well-documented, but there are steps we can take now to help close the gap — including encouraging Black Americans to invest more. In the US, Black Americans tend to invest at lower rates than white Americans, reducing Black Americans' opportunity to build wealth. There has been some progress related to investing in recent years, and the racial investing gap seems to be shrinking. That means the existing racial wealth gap can then feed into the investing gap. Research has found that Black Americans also tend to take fewer financial chances when compared to white Americans.

I'm a mom of two black children, and I know the importance of teaching them good financial habits to build wealth and close the racial wealth gap. My parents modeled good financial habits for me, and I'm passing along three lessons to my kids: avoid debt, use a budget, and save and invest. The three most important things I'm teaching my children are to avoid debt, use a budget, and save and invest. Save and investLastly, I saw my parents save and invest. While I do want my kids to have wealth, it's not just about a sum of money.

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