Tag: economy

The Attack On The American Dream May Destroy The Economy

The 2020 visa suspension has vehemently added to the dozens of telling systematic changes that took effect in America over the last four years, part of an ongoing battle to change the American ethos around immigration and mitigate its importance to the growth and prosperity of the country.

Ran Harnevo, CEO of Homeis, is a technology entrepreneur and an immigrant himself, whose company represents those who often are not. Homeis

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It’s High Time We Got a ‘F**k Off’ Economy: Zephyr Teachout

In the 1980s, under the Reagan administration’s lax enforcement of antitrust laws, corporate mergers in the U.S. began to jump. Since then, the market power of America’s biggest corporations has only continued to increase, with this result: A tiny number of companies dominate slews of major industries—from pharmaceuticals and retailers to hospitals and meat processors to defense contractors and social media, to many, many others. This issue was thrown into stark relief during the pandemic when behemoths such as Amazon, Google, Facebook, and Walmart saw their market values skyrocket while smaller companies all over the country went bankrupt.

Zephyr Teachout contends that monopoly is the forgotten issue of our time.

Monopoly, argues the law professor and former New York congressional and gubernatorial candidate, is a key driver of modern society’s biggest problems, such as low wages, income inequality, financial speculation, restrictions to worker freedom, declining entrepreneurship, and racism.

With her

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Norway to provide technical assistance to harness potential of blue economy

‘Norway has traditionally had a long experience in extracting marine resources. Bangladesh can benefit greatly from this experience’

Norwegian Ambassador to Bangladesh Espen Rikter-Svendsen has expressed interest in providing technical assistance to harness the huge potential of the Blue Economy in Bangladesh.

“Norway has traditionally had a long experience in extracting marine resources. Bangladesh can benefit greatly from this experience,” he said while meeting with Industries Minister Nurul Majid Mahmud Humayun, held at the Industries Ministry in the city, said a press release.

Additional Secretary of the Industries Ministry Begum Parag, among others, was present at the time.

The meeting discussed in detail the strategies to harness the potential of the blue economy in the socio-economic progress of Bangladesh. In addition, Norway’s technical assistance in the development of the ship recycling industry, training of manpower in the industry and industrial waste management, marine fish processing, conservation of dried fish in

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Why Is The Market So Strong And Economy So Weak?

The continuing strength of the stock market, even as the coronavirus pandemic batters the U.S. economy, has baffled many investors. The Dow Jones Industrial Index fell some 35% in 20 trading days the first three weeks of March as COVID-19 began spreading rapidly globally, but it has since gained nearly 60% to levels above 28,650. At the same time, the Commerce Department reported the U.S. economy shrank 31.7% in the April-June quarter. Part of our job at Equitas is to research many areas of the market and the economy, analyze the current environment, and to search for the investment opportunities. While there are numerous views and theories, in this KnowRisk Report we explore and expand on why the stock market is so strong, while the economy is so weak. We start with Wharton finance professor Itay Goldstein who has boiled it down into two reasons: the long-term prospective of the

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Business leaders call for urgent reforms as global economy faces its ‘worst state in a century’

  • On Monday, business leaders under the Business Twenty group made 22 policy recommendations for the G-20 group.
  • Each recommendation fell into three key areas: empowering people, safeguarding the planet and shaping new frontiers.

a close up of a store

© Provided by CNBC

Top business leaders say the global economy is facing its worst crisis in a hundred years, and “downside risks remain elevated” unless urgent reforms are enacted during the G-20 summit hosted by Saudi Arabia in November.

“The global economy is in its worst state in a century,” warned Yousef Al-Benyan, chairman of Business Twenty (B20), a group made up of high-level CEOs from around the world. “The challenging opportunity is to build back better, with real urgency required from policymakers and business leaders,” he added.

Business Twenty is an engagement group that seeks to represent the voice of the global business community across all member states and economic sectors in the

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Stay-at-Home Economy Creates Surge in Demand for Vehicle Delivery Services From Local Dealerships

As Car Shopping and Selling Continues to Transform, Contactless Home Delivery Grows and More Than 60% of Recent Buyers Say They Want Their Local Dealers to Deliver

CHICAGO, Sept. 29, 2020 /PRNewswire/ — The stay-at-home economy is understandably driving trends toward home cooking and home improvement projects, but surprisingly, it is creating a surge in buying cars delivered directly to consumers’ homes, as well. New research from Cars.com (NYSE: CARS), a leading digital automotive marketplace and solutions provider, finds that 61% of recent car buyers said they would want their newly purchased car delivered at home from their local dealership.1 And dealers are responding in kind: Local dealerships offering home delivery services are up 35% since March.2

Cars.com logo (PRNewsfoto/Cars.com)
Cars.com logo (PRNewsfoto/Cars.com)

Consumers are finding new ways to purchase their new or used cars from local dealerships, leaning on real-time messaging and chat functionality, virtual vehicle walk-arounds and test

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Estee Lauder Is First Beauty Brand To Go Into Space In NASA’s Push For Space Economy


  • Advanced Night Repair products will be photographed with the view of the space
  • Estee Lauder will auction one bottle for charity when products are sent back to Earth
  • The initiative is part of NASA’s plan to develop low-Earth orbit for commercial gains

Estee Lauder will have the claim of becoming the first-ever beauty brand to go into space as part of NASA’s push for commercializing low-Earth orbit explorations. The luxury brand will send 10 bottles of its Advanced Night Repair Synchronized Multi-Recovery Complex brand to space aboard a Cygnus spacecraft.

The Cygnus spacecraft is scheduled to launch atop an Antares rocket from Northrop Grumman’s 14th commercial resupply services. According to the press release posted on the company website, the breakthrough launch is set to happen on Sept. 29, 2020. The bottles will arrive at the International Space Station on Oct. 3, 2020.  

“NASA is at the forefront of

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New Homes Sales Continue Their Surge in August | Economy

In what is shaping up as one of the brightest spots in the pandemic-ravaged economy, sales of new homes rose 4.8% in August to a seasonally adjusted 1.011 million units.

Meanwhile, July’s sales were revised upward to 965,000 units from the previously reported rate of 901,000, according to the Census Bureau.

The torrid pace has not been matched since September 2006, just as the housing bubble was exploding, leading to the Great Recession. That was driven by a fury of sub-standard lending on the part of the nation’s largest banks.

This time, experts say the market is largely being driven by two factors: a shortage of available housing inventory and extremely low interest rates. The bureau said there is slightly more than 3 months average supply of new homes for sale.

“Already, more new homes have sold in 2020 than did in all of 2019,” Danielle Hale, chief economist at

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Tech lifts world stocks as economy back in focus

By Danilo Masoni

a group of people performing on a counter: The German share price index DAX graph at the stock exchange in Frankfurt

© Reuters/STAFF
The German share price index DAX graph at the stock exchange in Frankfurt

MILAN (Reuters) – World shares stabilised and the dollar rose on Wednesday with overnight gains of stay-at-home Wall Street tech champions helped balance concerns that new restrictions to counter resurging coronavirus infections will hurt economic recovery.

Wall Street closes higher on Amazon boost, despite economic worries



First indications from global surveys about economic activity in September gave a gloomy picture for Europe with rising COVID-19 infections leading to a downturn in services.


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MSCI world equity index <.miwd00000pus>, which tracks shares in 49 countries, was 0.2% higher by 0821 GMT, while the pan-European STOXX 600 <.stoxx> benchmark rose 1.1%.

Tech shares were the strongest gainers in Europe following a rally overnight in big U.S. tech stocks Amazon , Microsoft , and Apple .

“This strong performance on

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How to plan your tech strategy for the new economy

The economy is evolving in interesting and unexpected ways post-COVID-19. Here’s how tech leaders should be thinking about how these changes may affect their strategy.


Image: rudall30, Getty Images/iStockPhoto

While the uncertainty wrought by a global pandemic is nothing new, the economic impacts have been interesting and often unexpected. Several obvious and expected outcomes have occurred: The US economy went from near zero unemployment to record unemployment almost overnight while governments rushed to mitigate the impacts through stimulus. Retailers were largely impacted in ways you’d expect, except where they weren’t.

SEE: TechRepublic Premium editorial calendar: IT policies, checklists, toolkits, and research for download (TechRepublic Premium)

Notable examples like Home Depot and Lowe’s prepared for pandemic-related sales declines, but were flooded with customers who were launching all manner of home improvement projects during lockdown. This “home improvement boom” has rippled through an entire industry, with contractors of all types booked months

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