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ENERGY EFFICIENCY: Biden plan would pump billions into home retrofits

ENERGY EFFICIENCY: Biden plan would pump billions into home retrofits
eenews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eenews.net Daily Mail and Mail on Sunday newspapers.

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State Economies Weathered the Coronavirus Storm but the Damage Lives On

State Economies Weathered the Coronavirus Storm but the Damage Lives On
Tim Smart
© (APU GOMES/AFP/Getty Images)
A woman holds a child as she waits in line at a Food Distribution Center
Wisconsin got lucky.
The state s projected tax revenue fared better in 2020 than had been expected at the start of the coronavirus pandemic a year ago and the Badger State is now expecting to have $1.2 billion more in tax revenue during the 2021 to 2023 budget years than was projected in November.
Then there s California, which has been at the epicenter of the COVID-19 outbreak many times. In May 2020, Gov. Gavin Newsom forecast the Golden State would suffer a $54 billion revenue shortfall, following a $21 billion surplus from the previous year. Fast-forward to January and the state says it has $34 billion more than it needs to balance its budget. ....

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2021 Index of Economic Freedom: After Three Years of Worsening Trade Freedom, Countries Should Recommit to Lowering Barriers

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Global trade freedom has fallen for the third straight year and is at its lowest level since 2006. For countries around the world, that means higher tariffs and nontariff barriers than in the past. For families and businesses, it means that trading is more difficult and costly. The downward trend in trade freedom started well before the coronavirus pandemic, but a worldwide combination of pandemic-related business shutdowns and economic struggles has caused global goods trade to contract.
Initially, many countries responded to the pandemic and increased demand for medical goods such as face masks and ventilators with trade measures that restricted the free movement of those products. While many of those measures were eventually removed, they undoubtedly made it more difficult for products to go where they were most needed. Economic recovery discussions in the U.S. and around the world are now focusing on how to prevent such a recession in the future. ....

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LAUREN RUDD: Inflation threat? No reason to overreact

Lauren Rudd
Bill Dudley, a senior research scholar at Princeton University’s Center for Economic Policy Studies and former president of the Federal Reserve Bank of New York, has been arguing that inflation will not spiral out of control.
Yes, forces are converging to push prices upward. The Biden administration is preparing a massive fiscal stimulus package. The Fed’s monetary stimulus will likely drive the inflation rate above its 2% long-term target. And there is pent-up demand, which recession-damaged businesses will initially struggle to satisfy.
So, inflation is likely to head higher. However, we must not overreact. There is a cornucopia of reasons to believe that the inflationary pressures will not result in a runaway situation as we had in the late 1970s. To see why, consider the following points from Dudley. ....

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Katie Tubb | CNSNews

Katie Tubb | CNSNews
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