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States and Cities Scramble to Spend $350 Billion Stimulus - Vimarsana News

States and Cities Scramble to Spend $350 Billion Stimulus

Last week, New York City passed its largest budget ever, about $99 billion, bolstered by $14 billion in federal pandemic aid that will be used in nearly every facet of the city’s finances, like an infusion of cash needed to cover budget gaps and an array of new programs, including youth job initiatives, college scholarships and a $1 billion backup fund for health emergencies. Local officials, especially Democrats, have tried to leverage at least some of the windfall to address chronic social and economic problems that the coronavirus exacerbated. After a series of community meetings in Detr...

Rivian and Lion electric vehicle plants make Illinois a potential hub - Vimarsana News

Rivian and Lion electric vehicle plants make Illinois a potential hub

With two assembly plants and a leading research facility, Illinois has positioned itself to become a center of the technology transforming the automotive industry. As automakers move to replace internal combustion engines with electric powertrains over the next decade or two, states are racing to stake their claims to electric vehicle manufacturing and the jobs it will create. So far, established automakers are primarily concentrating production in Michigan, Tennessee, Indiana and South Carolina. Newcomers such as Tesla and Lucid have chosen Nevada, Texas and Arizona. Illinois beat out Texas ...

Is Congress Ready to Invest in Regional Economies? - Vimarsana News

Is Congress Ready to Invest in Regional Economies?

Is Congress Ready to Invest in Regional Economies? The Senate is considering a bill that would devote billions to create new tech hubs around the country. It faces an uncertain future, since picking winners makes other regions jealous. May 12, 2021 •  (Shutterstock) A few parts of the country have made out like bandits in recent years. In the decade between the Great Recession and the pandemic plunge, 90 percent of the job growth in technology and innovation sectors occurred in just five major metropolitan areas. In any given year, roughly 80 percent of...

Demography May Not Be Destiny. But Economics Likely Is. - Vimarsana News

Demography May Not Be Destiny. But Economics Likely Is.

As a plot twist, the concept of reversing roles, or undergoing major and unexpected transformations, is hardly new. Tom Hanks’s breakthrough role was in  Big, the 1988 film in which he played a little boy who wished he could be an adult, only to wake up the next day in the body of a grown man (the role won Hanks an Academy Award nomination for Best Actor). The same theme was used in  13 Going on 30 with Jennifer Garner as the teenage girl who made the leap in age. Then of course there was the 2003 movie  Freaky Friday, in which Jamie Lee Curtis and Lindsay Lohan played a mother and dau...

Opinion | Why Trump Still Has Millions of Americans in His Grip - Vimarsana News

Opinion | Why Trump Still Has Millions of Americans in His Grip

Many of the forces that helped bring him to power have only intensified.