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Biden's stimulus may have just saved NYC and other local governments

Alexi Rosenfeld/Getty Images That includes $5.6 billion for New York City, which has been seeking federal aid. Many local governments have warned of steep budget cuts without funding from the federal government. An ominous question lingered over much of 2020 and early 2021: What will happen to all the cities and states facing huge revenue shortfalls from the coronavirus recession ? Most famously, some commentat...
New York United States District Of Columbia White House Joseph Zeballos Roig Sarah Godlewski

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Covid-19 Crisis: Normalisation And It's Implications For Emerging Markets

Mar 10 2021, 8:59 AM March 10 2021, 8:00 AM March 10 2021, 8:59 AM Global market pressures are an upshot of capital forcing a synchronicity of monetary normalisation across economies despite a sharp asynchronicity in their recoveries from Covid-19, against a backdrop of U.S. exceptionalism. Global market pressures are an upshot of capital forcing a synchronicity of monetary normalisation across economies despite a sharp asynchronicity in their recoveries from Covid-19, against a backdrop of U.S...
United States United Kingdom Great Britain Federal Reserve Revisiting The Operation Twist

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