Time for a new way of thinking about the American economy By Alex Lasry - Feb 17th, 2021 05:15 am
Milwaukee –
Alex Lasry announced his candidacy for the United States Senate today, calling on Washington to abandon the stale ideas of the past and usher in a new way of thinking about the American economy to raise take-home pay for working and middle-class families and start getting real results and prosperity for Wisconsin.
“We’ve lived through three systemic shocks to the system over the last 20 years: 9/11, the Great Recession and now this pandemic, and Washington still hasn’t fixed things,” Lasry said. “We need to rethink everything and chart a new way forward. We can’t just continue with the same people and expect anything to change.”
Yves here. While this analysis targets a very important question, the impact of cheap money on racial inequality, its analysis on the balance sheet side looks more robust than on the income side. The post looks at how monetary stimulus disproportionately reduces black employment gains, and then multiples the jobs increase by the average income for black households.
It seems highly probable that that approach overstates income gains since the financial crisis. First, the jobs created have been overwhelmingly low income McJobs, as in low wage and thus likely to be lower than average household incomes. Second, the post crisis job market has also featured a high level of “involuntary part-time employment” as in people who want a full time job unable to find one or even make two part time jobs add up to full time jobs. It seems reasonable to assume that people of color would be more afflicted by those developments and hence “employment recovery” might not be as rewarding as it lo
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When I first interviewed Matt Stephenson in 2017, he posed a novel strategy for solving a puzzle that was on everybody’s minds: How to recruit more African American, Hispanic and low-income students, especially girls, into the world of digital technology, and beyond that, into the spheres of science, math and engineering.
Stephenson had recently founded Code2College, an Austin nonprofit that trains young people in low-income schools to enter STEM fields by learning computer coding as well as the larger contours of the high tech world from volunteer experts already in the business.
Code2College started with 30 Austin students from Akins High School and the Ann Richards School for Young Women Leaders. Of those working after school with volunteer coaches, 70 percent were girls, 80 percent African American or Hispanic.
Orchard Therapeutics Appoints Braden Parker as Chief Commercial Officer Commercial Launch of Libmeldy™ in Europe On-Track for 1H 2021 Orchard Therapeutics (Europe) Limited London, UNITED KINGDOM
BOSTON and LONDON, Jan. 29, 2021 (GLOBE NEWSWIRE) Orchard Therapeutics (Nasdaq: ORTX), a global gene therapy leader, today announced the appointment of Braden Parker to the role of Chief Commercial Officer (CCO). In this capacity, Mr. Parker will oversee all aspects of commercial strategy, planning and operations for the company. Mr. Parker is a seasoned commercial leader with more than 20 years of experience in the healthcare and biotech industry, including deep rare disease and gene therapy experience. Mr. Parker’s previous positions include commercial leadership roles at Celgene, NPS Pharma (Shire) and PTC Therapeutics, where he led the company’s first U.S. product launch in Duchenne muscular dystrophy and oversaw the strategic plann