Timeless Wisdom: National Debt or National Greatness
The United States has passed a foreboding milestone: $28 trillion in national debt. In 2021, the federal debt alone is projected to be 102 percent of gross domestic product which doesn’t include the $1.9 trillion “American Rescue Plan” that President Joe Biden recently signed into law. The debt-to-GDP ratio has only exceeded 102 percent twice in American history 1945 and 1946 as a result of the spending required to win World War II (103.9 percent and 106.1 percent respectively). With that victory secured, it immediately plummeted as the U.S. entered a new golden age of prosperity. However, while the American economy enjoyed an average growth rate of 3.1 percent between 1951 and 2020, the Congressional Budget Office is currently projecting that over the next three decades, that rate will fall to 1.8 percent.
COVID-19 testing rates down across Central Texas; experts credit vaccines and good hygiene
and last updated 2021-03-15 23:35:20-04
While many Texans were snowed in their homes last month, operations across Central Texas closed, including COVID-19 testing sites. This has left the state with some of the lowest testing rates seen in months.
However, the state bounced back from both the low temperatures and the low testing numbers.
âAt first, we knew that the terrible winter storm had really decreased testing for those couple of weeks,â explained Amy Mersiovsky, the director of nursing at Texas A&M - Central Texas.
Mar 15, 2021
NORMAN â The Cleveland County Board of Commissioners on Monday voted to loosen the courthouse mask order after a presentation from the countyâs emergency management director, George Mauldin.
âFriday Governor Stitt issued an executive order that removed all COVID-19 related restrictions throughout the state, including the requirement to wear face masks in government buildings,â Mauldin told the commissioners. âI recommend that we no longer require the wearing of face masks in county buildings but encourage the use of masks in settings when individuals cannot maintain proper social distance of six feet for 15 minutes or more.â
Commissioners agreed and voted unanimously to support the recommendation.
(2) DJ EQS-News: Sheng Ye Capital Completes First Offshore Syndicated Loan in China s Factoring Market, Raising Over RMB 500 million EQS-News / 16/03/2021 / 10:26 UTC+8 [Press Release] Sheng Ye Capital Completes First Offshore Syndicated Loan in China s Factoring Market, Raising Over RMB 500 million Hong Kong, 16 March 2021 - Sheng Ye Capital Limited ( SY Capital or the Group , HKEx: 6069), China s first commercial factoring company listed on the main board of the Hong Kong Stock Exchange, today announced that its subsidiary, SY Factoring Limited ( SY Factoring or the Company ), signed a two-year RMB 525 million offshore syndicated loan agreement with a consortium led by Mega International Commercial Bank ( Mega Bank ) and Bank SinoPac. This marks the first offshore syndicated loan in China s factoring market, reaffirming the consortium s confidence in the Group s risk management capabilities as well as its push towards technology leadership, and a platform-based growth
Eskom: Municipalities owe us R35bn and we want that money The power utility presented the state of its systems at Megawatt Park on Monday. FILE: Eskom CEO André de Ruyter at a briefing at Megawatt Park on 31 January 2020. Picture: Eyewitness News.
The power utility presented the state of its systems at Megawatt Park on Monday.
CEO Andre de Ruyter said illegal connections also threaten to cause explosions and fires due to overloading.
“As of 31 January this year, municipalities owed Eskom an amount of R35.2 billion, which is an unsustainable situation.”
De Ruyter said a partnership model was in the making: “And will involve Eskom assisting those municipalities to operate their distribution networks, install prepaid meters, assist in revenue collection and carry out much-needed maintenance in those municipal distribution networks.”