Category: Economic Policy
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Pakistan’s Parliament Elects New Prime Minister
The Pakistani parliament recently elected Shehbaz Sharif as Prime Minister. What precipitated the election of a new leader was the ousting of former Prime Minister Imran Khan. Over the last several days Pakistan has been attempting to navigate a constitutional crisis in which Mr. Khan was removed from power in a no-confidence vote by parliament. […]
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Buoyed by Jobs Report, Biden Moves to Reduce Fuel Costs
The Labor Department announced that the U.S. economy added 431,000 jobs in March continuing a streak of consecutive months with positive employment numbers. The unemployment rate decreased to 3.6 percent which was the lowest since February 2020. President Joe Biden said that the jobs report was good for fighting inflation and that the economy had […]
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Rising Inflation and the Great Resignation
The U.S. government announced that the consumer price index has risen by 6.2 percent from the same time last year. This represented the biggest jump in inflation since 1990. According to experts, higher prices will likely continue into 2022 and could jeopardize national economic gains and higher wages for workers. The news also overshadows a […]
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Biden Seeks to Ease Supply Chain Problems
President Joe Biden announced measures to ease the glut at several of the nation’s ports creating delays with the supply chain. The president announced plans to keep the ports of Los Angeles and Long Beach running seven days a week, 24 hours a day. Mr. Biden is also considering enlisting the National Guard to help […]
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Biden Orders Vaccine Mandate as Delta Cases Surge
A visibly frustrated President Biden issued a sweeping executive order that would mandate the vaccination of approximately 80 million Americans. The order would affect federal workers, but also those businesses employing more than 100 employees. The Occupational Safety and Health Administration (OSHA) is charged with enforcing the new order. The response from business was mixed, […]
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California Plans Full Reopen as Vaccination Efforts Intensify
California Governor Gavin Newsom announced an ambitious plan to fully reopen the state economy on June 15, only months after a winter surge of COVID-19 cases deluged the Golden State. Newsom also continued his campaign to open most public schools across the state for in-person instruction. California has seen a dramatic decrease in positivity rates, […]
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Senate Passes Stimulus Bill by Narrowest of Margins
Senate Democrats managed to overcome intra-party disputes to pass the American Rescue Plan bill on a 50-49 vote. This gives President Biden a significant legislative victory in his first 100 days. Senators were at odds over eligibility for the $1,400 stimulus payments, the dollar amount in unemployment benefits, and whether to consider an increase in […]
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Congress Poised to Act on Stimulus Plan and Impeachment
Democrats in Congress are poised to approve President Biden’s American Rescue Plan. Biden’s proposal would provide pandemic relief to individuals, businesses, and state and local governments. Despite meeting with Republicans and expressing openness to further negotiation, Biden was criticized for not seeking broader congressional support. The president argued that the situation was too urgent to […]