Nominal Wage

Covid-19: Daily cases drop, but significant rebound is still some distance away

Unfortunately, agriculture cannot bail the economy out. With the number of daily cases falling below 1 lakh, the pace of vaccinations hitting around three million per day, and local blockages being lifted, recovery trackers show a slight increase. Encouraging trends can be seen in electronic waybills and toll collections, suggesting …

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IRS Data Leak Shows How The Rich Are Ripping Us Off

It’s no surprise that the wealthiest Americans get a tax pass. Over the past four decades, this country has suffered from a system favoring discredited theory that if we give more tax breaks to the rich, they will generously distribute more to the rest of us, and the country will …

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The party is not forever

Humans approaching a hundred normally think of death. But political parties celebrating their centenary, like the Chinese Communist Party (CCP) will on July 1, are obsessed with immortality. Such optimism seems strange to the parties that govern dictatorships, because their track record of longevity does not inspire confidence. The fact …

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Budget: focus on growth

Announcing this budget in parliament was the easy part, despite the resentment with which the speech must have been delivered. Keeping the promises made there will be the real challenge. The budget is first and foremost aimed at pleasing the business community, with a series of tax and duty cuts …

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Doug Ford and the PCs predict another decade of austerity

Public goods • June 11, 2021 • Doug Allan Ontario Financial Accountability Office (FAO) reports that the nominal increases in health care funding planned by the government PC of Doug Ford between 2019-2020 and 2029-30 are well below the nominal increases of the previous nine years (2010-2011 to 2019-2020, the …

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Mendocino County District Attorney Blames Region’s Rise in Violent Crime on Black Market Cannabis Industry – Redheaded Blackbelt

Military grade tactical equipment and weapons used in the robbery and kidnapping last September. [Picture provided by the Mendocino County Sheriff’s Office] In a budget presentation to the Mendocino County Board of Supervisors on Wednesday, June 9, District Attorney David Eyster described a 10% increase in violent crime from 2019 …

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Lower growth and fewer jobs – Analysis – Eurasia Review

By Daniel Lacalle * The first thing any economist should do when reading a budget proposal is to analyze the basic macroeconomic assumptions and the results presented by the administration. When both are poor, the budget must be criticized. This is the case with the Biden budget plan. Same growth, …

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Self-help groups and financial inclusion in poverty reduction

Financial inclusion, in its narrowest connotation, is generally assumed to be a business that provides people, especially those in the previously unbanked region, with a bank account. However, this simple possession of a bank account cannot bring wonders, besides being incomplete in defining the intended meaning of financial inclusion. What …

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Price hikes should be short-lived – so let’s not resurrect inflation as a scarecrow | William Mitchell

A Ten years ago, the financial press, echoing the predictions of mainstream macroeconomists, was obsessed with whether governments would run out of money as deficits grew to tackle the global financial crisis. The harsh predictions of rising bond yields and inevitable defaults have turned out to be in vain. Now, …

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Productivity Committee Chairman Michael Brennan warns budget debt will be a “high cost” for future generations

He also warned that the renewed promotion of national self-reliance in the manufacturing sector would make Australians “poorer”. Mr Brennan said the $ 250 billion emergency budget response, including the JobKeeper wage subsidy, had shifted from an “insurance” policy during lockdowns to more recently a traditional “Keynesian” stimulus to bolster …

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