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Infrastructure Stimmy Saves Kansas City?!?


TKC is not an economist.
We firmly believe that neither bloggers not journalists with 2nd-choice-lower-Ivy-League credentials in sociology should be setting monetary policy.
However . . . Giving away free money just as fast as the
gubmint can print it just doesn t really seem like a plan that inspires confidence amongst stakeholders.
And so . . . We simply share this collection of news items and ask financial gurus in the comments for their hot take that might or might not provide insight on the post-COVID economy.
A new interchange in Johnson County and electric buses for Kansas City are in the new infrastructure bill being considered by the House Wednesday.Area lawmakers are in important positions to decide the fate of the bill. This is money for roads, bridges and promoting climate change. U.S. Rep. ....

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Biden Can Reshape Economy, Fight Climate Change, Bash Wall Street Boogeymen


Dilip Vishwanat/Getty Images; Samantha Lee/Insider
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Joe Biden plans to pay for his climate, infrastructure and jobs bill with higher taxes instead of deficit spending
Democratic politicians have been scared off from ambitious deficit spending to avoid spiking interest rates imposed by so-called bond vigilantes.
But investors demand safe assets like federal debt, so rates are extremely low, and the Federal Reserve can keep them low.
Alex Yablon is a Brooklyn-based journalist and Contributing Opinion Writer.
This is an opinion column. The thoughts expressed are those of the author. ....

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LISC elects Karen Fang, Bank of America Head of Global Sustainable Finance, to national board


LISC elects Karen Fang, Bank of America Head of Global Sustainable Finance, to national board
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NEW YORK, Feb. 16, 2021 /PRNewswire/  The Local Initiatives Support Corporation (LISC) has named a national leader in sustainable finance and environmental, social and governance investing to its board of directors to help guide its work in affordable housing, economic development, health, education, safety and jobs across the country.
Karen Fang, head of global sustainable finance at Bank of America, oversees the bank s business activities, including financing, advisory and distribution, in social and environmental progress globally. She joins a 27-member LISC board chaired by former Treasury Secretary Robert Rubin and includes leaders from the fields of finance, community development, academia, health and philanthropy. ....

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