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12 Years Later, China Is Still Suffering From Its Five Trillion Yuan Economic Stimulus Plan


12 Years Later, China Is Still Suffering From Its Five Trillion Yuan Economic Stimulus Plan
Commentary
The U.S. government is now pushing for a new infrastructure plan that starkly resembles Beijing’s 5 trillion yuan rescue plan back in 2009. A significant factor is that mass printing of hard currency plays a key role in both plans. U.S. lawmakers can learn from China’s experience by gaining a deeper understanding of Beijing’s 2009 stimulus plan.
Looking back, Beijing’s 5 trillion yuan (which is about $781 billion today) rescue plan succeeded in preserving employment, but overall it was a failure due to the distortion of the entire Chinese economic structure. The Chinese regime shifted toward a dependency on real estate and restricted the consumption of Chinese citizens. A more disastrous result of the 2009 plan was that it created a massive railroad, highway, and infrastructure excess capacity, which diverted most assets toward real estate, especially in terms ....

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Howard: The high cost of home


Elyse Howard
The high cost of home has been a fact of life in Eagle County for years and it’s just as much of a problem around the United States. Advocating for policies that will increase access to and supply of affordable homes in our community is an important strategy. Through our five-year Cost of Home Campaign, Habitat for Humanity is focused on finding collaborative solutions and promoting policies to improve access to affordable homes for 10 million individuals nationwide.
Housing affordability is one of the biggest issues facing our state. According to Shift Research Labs, one in seven Colorado households spend more than half their income on housing. No matter the region rural, resort, urban and suburban between 2012 and 2019, Colorado fell from being one of the most affordable states to one of the least affordable states in the country based on median income to median pricing, according to Colorado Association of Realtors. ....

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A New Stimulus Plan Is Out (For Essential Workers Only?)


A New Stimulus Plan Is Out (For Essential Workers Only?)
The Treasury Department recently released its guidance into what cities and other local governments can do with the money allocated to them by the American Rescue Plan. Could cash go to hazard pay for essential workers? 
The Treasury Department recently released its guidance into what cities and other local governments can do with the money allocated to them by the American Rescue Plan.
Per Forbes, one of the lesser-known provisions in that guidance is that it allows cities to use the funds on hazard pay for essential workers.
“Employers’ policies on COVID-19-related hazard pay have varied widely, with many essential workers not yet compensated for the heightened risks they have faced and continue to face,” the rule says. “The added health risk to essential workers is one prominent way in which the pandemic has amplified pre-existing socioeconomic inequities.” ....

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