The successful agreement on the EU recovery fund and the EU’s new seven-year budget early last week was long awaited. Austerity in Europe is officially dead.It does. Germany has agreed to allow for looser fiscal policy nationally rather than keeping surpluses. Germany may no longer be the surplus state of Europe. This is a huge change. Angela Merkel blinked on that one.
Senate leader Mitch McConnell delayed the release of the newest coronavirus stimulus package to this week after more disagreements with Democrats. There will be new negotiations this week and they can be counted on to be contentious as headlines will surely reflect. Barclays is guessing the the new package will equate to another $1.5 trillion and be signed by Trump by August 7. This includes an extension to the generous Fed unemployment benefits of $600 a week, or $2,400 per month, which is actually a pay raise for many Americans who were laid off in low pay service economy jobs.
The U.S. is the tech hegemon. Quick, name a tech brand and its backend and it’s probably American: Facebook, Google, YouTube, Twitter, Amazon, Apple, Microsoft, Oracle. The world uses these products.Huawei is a 5G leader, not Cisco Systems, which focuses on enterprise clients instead. TikTok is the world’s most downloaded app. There will be many more TikTok’s. There will be many more Huawei’s and when that happens American tech hegemony will erode.
Protests and close quarters during the pandemic are turning some off to urban hubs once seen vital for business and labor markets. It costs a fortune to live there, and in times of grief, you’re couped up at home in a 900 square foot apartment that costs $2,500 a month and you now have to pay even more for food delivery because the only grocer near you on foot is out of toilet paper, paper towels, and no egg substitutes! What are you doing there? It’s surely not for the nightlife. It’s closed.
Why repost an article from July?
I learned nothing from this.
Umm... Recycled article?!
is this article from july?
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