Russian economy recovering faster than expected from pandemic – IMF
The country’s economy is forecast to grow 4.4% in 2021, the IMF said in its report on global economic development prospects, raising the estimate by 0.6% compared to its previous report in April. Also on rt.com Russia raises GDP growth outlook as economy recovers faster than expected “In the case of Russia, we have seen faster recovery. So the first-quarter GDP growth has come in stronger than we were expecting and because of that, it has led to an upgrade,” IMF Chief Economist Gita Gopinath said at a briefing on Tuesday. She noted, however, that the figures may change, as the progression of the Covid-19 spread is hard to predict.“There are still challenges ahead, the pandemic is not over, we have seen cases going back up, … [READ MORE...]
Trump Is Gone, but the Media’s Misinformation Challenge Is Still Here
Mr. Quinn came to this decision after realizing that Mr. Trump, though not the first politician to spin or mislead, had altered an incentive structure for politicians interacting with the news media that had previously discouraged dishonesty.“What Donald Trump did, it created a whole bunch of pretenders, where the truth is not important and they don’t care,” he said in an interview today.“We all have best practices,” he added of news outlets, “and he used it to spread falsehoods left and right.”Now, Mr. Quinn urges his reporters to seek context. He offered an example from this month, in which a reporter covered a forum in which the Republican Senate candidate J.D. Vance repeatedly referred to illegal immigration as “dirty.” The reporter produced an analysis of how Mr. Vance had transformed … [READ MORE...]
La era del espacio como negocio ha comenzado
Un ecosistema de empresas emergentes cada vez más grande intenta comercializar el espacio al construir todo, desde la tecnología de lanzamiento más barata hasta los satélites más pequeños y la infraestructura que conforma los “picos y palas” de la fiebre del oro del espacio, como lo describe Meagan Crawford, socia administrativa de la empresa de capital de riesgo SpaceFund.“La gente mira a su alrededor y dice: ‘Vemos esta sólida industria espacial. ¿De dónde salió?’”, comentó Crawford. “Bueno, ha sido construida de manera metódica y con determinación, y llegar hasta aquí ha implicado muchísimo trabajo durante los últimos 30 años”.Los inversionistas gastaron 7000 millones de dólares en la financiación de nuevas empresas espaciales en 2020, el doble de la cantidad de los dos años previos, … [READ MORE...]
Latest News
Covid Variant Adds to Worker Anxieties
For much of the pandemic, Amazon has offered free on-site Covid testing for employees. It incorporated a variety of design features into warehouses to promote social distancing. But a worker at an Amazon warehouse in Oregon, who did not want to be named for fear of retribution, said there had been a gradual reduction in safety features, like the removal of physical barriers to enforce social distancing.Kelly Nantel, an Amazon spokeswoman, said that the company had removed barriers in some parts … [Read More...]
The chairman of a House coronavirus subcommittee vows to investigate eviction practices by corporate landlords.
Jim Baker, the executive director of the Private Equity Stakeholder Project, a nonprofit that has been tracking eviction filings in a handful of large counties, said that corporate landlords, rather than so-called mom-and-pop landlords, had accounted for the majority of eviction filings. Corporate landlords had filed at least 75,000 evictions across the half-dozen large counties the group has tracked since the Centers for Disease Control and Prevention imposed a nationwide eviction moratorium in … [Read More...]
I.M.F. World Economic Outlook Forecasts 6 Percent Global Growth
The International Monetary Fund warned on Tuesday that the gap between rich and poor countries was widening amid the pandemic, with low vaccination rates in emerging economies leading to a lopsided global recovery.The I.M.F. maintained its 2021 global growth forecast of 6 percent in its latest World Economic Outlook report, largely as a result of advanced economies, including the United States, expecting slightly faster growth than the global body previously forecast. Economic growth in … [Read More...]
Utah Farm Draws a Rare Breed: The American Shepherd
“Nobody wants this type of work,” Mr. Stubbs said of herding and farm labor. And most American-born workers haven’t wanted it in a while — at least at the wages that most farmers say they can afford. That is why more than 200,000 temporary foreign farm workers, mostly from Mexico, were allowed into the United States last year to pick cherries, tomatoes and tobacco or to tend livestock. The number of visas issued has more than tripled since 2011, and it increased in 2020 despite the pandemic, … [Read More...]
Previous news
- The Travel Industry’s Reckoning With Race and Inclusion
- Inflation Has Arrived, but Washington Isn’t Racing to Limit Price Pops
- Return to Office Hits a Snag: Young Resisters
- QR Codes Are Here to Stay. So Is the Tracking They Allow.
- Delays, More Masks and Mandatory Shots: Virus Surge Disrupts Office-Return Plans
Small Business
La era del espacio como negocio ha comenzado
Un ecosistema de empresas emergentes cada vez más grande intenta comercializar el espacio al construir todo, desde la tecnología de lanzamiento más barata hasta los satélites más pequeños y la infraestructura que conforma los “picos y palas” de la fiebre del oro del espacio, como lo describe Meagan Crawford, socia administrativa de la empresa de capital de riesgo SpaceFund.“La gente mira a su … [Read More...]
The Amazonification of Space Begins in Earnest
Smaller space ventures are even more wide open to entrepreneurs.“If you look at where space is today, especially with respect to lower Earth orbit activities, it really is similar to the early days of the internet,” said West Griffin, chief financial officer of Axiom, a start-up aiming to build the first commercial space station.The commercialization of space began during the 1990s dot-com boom … [Read More...]
Your Money
Child Tax Credit Payments Have Begun. Should You Opt Out?
In such cases, the spouse receiving the credit should opt out through the I.R.S.’s portal, otherwise they may have to repay the money when they file their return. Although the spouse claiming the children will not get the advance payments, they will be able to get the full value of the credit on their 2021 return.If your income rose or you’re a higher earnerSince the advance payments are based on … [Read More...]
A Painting or an NFT of It: Which Will Be More Valuable?
What an NFT can be varies widely. Beeple, the digital artist whose real name is Mike Winkelmann, made headlines when an NFT he created called “Everydays — the First 5,000 Days” sold for $69 million at a Christie’s online auction in March. The NFT was a collection of 5,000 images he had already posted online, beginning in 2007.Among the most widely known NFTs is the National Basketball … [Read More...]