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Massachusetts lawmakers eligible for 6 46% pay raise; Gov Baker, Lt Gov Polito say they will forgo raises

Massachusetts lawmakers eligible for 6.46% pay raise; Gov. Baker, Lt. Gov. Polito say they will forgo raises Updated Jan 01, 2021; Massachusetts lawmakers are in store for another pay raise. Two years after Gov. Charlie Baker certified a raise of 5.93 percent for the 200 members of the House and Senate for the 2019-2020 session, the governor in a letter to Treasurer Deb Goldberg on Wednesday advised her that a 6.46 percent increase is warranted in the base pay of legislators. The raise in the base pay for legislators last session increased it by $3,709 to $66,256. A 6.46 percent increase works out to a $4,280 raise to $70,536. In early 2017, legislators ignited an uproar by voting through a generous package of pay raises for themselves and other public officials, outside of the changes in compensation that the governor is required to make every two years. The adjustments in legislative base pay are required biennially under the state constitution, based on changes in the media

Legislators eligible for pay raise in new year

Legislators eligible for pay raise in new year The Massachusetts state flag AP PHOTO/STEVEN SENNE Modified: 1/1/2021 12:23:52 PM BOSTON – Massachusetts lawmakers are in store for another pay raise. Two years after Gov. Charlie Baker certified a raise of 5.93% for the 200 members of the House and Senate for the 2019-2020 session, the governor in a letter to Treasurer Deb Goldberg on Wednesday advised her that a 6.46% increase is warranted in the base pay of legislators based on changes in median household income. The raise in the base pay for legislators last session increased it by $3,709 to $66,256. A 6.46%t increase works out to a $4,280 raise to $70,536.

Monthly Review | The Contagion of Capital

John Bellamy Foster is the editor of Monthly Review and a professor of sociology at the University of Oregon. R. Jamil Jonna is associate editor for communications and production at Monthly Review. Brett Clark is associate editor of Monthly Review and a professor of sociology at the University of Utah. The authors thank John Mage, Craig Medlen, and Fred Magdoff for their assistance. The U.S. economy and society at the start of 2021 is more polarized than it has been at any point since the Civil War. The wealthy are awash in a flood of riches, marked by a booming stock market, while the underlying population exists in a state of relative, and in some cases even absolute, misery and decline. The result is two national economies as perceived, respectively, by the top and the bottom of society: one of prosperity, the other of precariousness. At the level of production, economic stagnation is diminishing the life expectations of the vast majority. At the same time, financializatio

NY economy rose sharply in 3rd quarter after shutdown s steep decline

NY economy rose sharply in 3rd quarter after shutdown s steep decline
newsday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.com Daily Mail and Mail on Sunday newspapers.

Greenback Spirals Downward as Dollar s Safe-Haven Status Dwindles, Swelling US Twin Deficits

https://sputniknews.com/business/202012311081620600-greenback-spirals-downward-as-dollars-safe-haven-status-dwindles-swelling-us-twin-deficits-/ Previously, the US dollar took a sustained nosedive to hit multi-year lows against a basket of currencies, belonging to six of the United States’ biggest foreign trade partners - the euro, yen, pound sterling, Canadian dollar, Swedish krona and Swiss franc - reaching 89.74 cents in April 2018. The US dollar continued sinking as 2020 was set to finish, allowing currencies ranging from the euro to the Chinese yuan to strengthen. Bearish dollar bets near decade high as 2020 draws to an end. #BQMarkets ​On the last day of the year investors were wielding the “twin deficits” excuse for shorting the dollar, as a new US stimulus bill was seen as further compounding the nation’s debt amid an explosion in the budget and trade deficits, according to Reuters.

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