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Hudson County View By John Heinis/Hudson County View “In light of Essex County’s movement to try to get out of their ICE [contract], it’s making me change my tune on how we want to stand on this as a county, and where we go from here,” Board Chair Anthony Vainieri (D-8) said about 45 minutes into the meeting. “I’m open to suggestions, I’m open to speaking with the county executive’s administration and our federal representatives … to find a path to exit … I’m looking to try to mirror Essex County.” Vainieri’s comments are similar to what he told several media outlets including HCV after Essex County Executive Joe DiVincenzo announced plans to get out of their ICE deal by taking inmates from Union County, whose jail operations are mostly closing in the coming months. ....
Jersey City Council unanimously passes resolution to divest pension funds from fossil fuels By Daniel Ulloa/ Hudson County View Several residents spoke in favor of the resolution, which was sponsored by Ward E Councilman James Solomon, during the public portion of the meeting. Eleana Little, of the Progressive Democrats of Hudson County, said several colleges, including Rutgers University, put out a report that examines how storms will impact the state. “They expect the average annual hurricane-related damages in New Jersey to increase by 1.3 to $3.1 billion and estimate half of that will be in Hudson County. So we will bear the brunt of that. Locally, we are very susceptible to the impacts of inaction on climate change.” ....
February 24, 2021 Investors interested in a disruptive growth opportunity can consider a specialized ETF strategy that targets Special Purpose Acquisition Companies, or SPACs. In the recent webcast, A New ETF Strategy for the SPAC Surge, Jennie Dong, Head of SPACs, NYSE, explained that SPACs raise capital via an IPO with the purpose of using proceeds to acquire an operating business. SPACs go public through the typical IPO process. The sponsor is typically an institution or seasoned industry executive and generally focuses on an industry or geography. The full cash raised in IPO is placed in a trust account for the acquisition. If no acquisition takes place, the SPAC will liquidate and return funds to IPO investors. ....
Full Employment In The New Monetary Policy Framework, Federal Reserve Governor Lael Brainard, At The Inaugural Mike Mccracken Lecture On Full Employment Sponsored By The Canadian Association For Business Economics (Via Webcast) Date 13/01/2021 I want to thank the Canadian Association for Business Economics for inviting me to join you today, particularly president Bonnie Lemcke and past president Armine Yalnizyan. It is a pleasure to be here with Carolyn Wilkins. I am honored to deliver the inaugural Mike McCracken Lecture on Full Employment.1 Widely known for his critical contributions in bringing computer modeling to Canadian economic forecasting, Mike McCracken is perhaps best known for his tireless advocacy that lower unemployment remains the most important goal for the economy, which is particularly resonant for me, along with his emphasis on thinking critically and expansively about full employment.2 A similar theme was highlighted by community and la ....