Top Public Health Officials: Politics Contributed To US COVID-19 Death Toll

The pandemic crisis widened the gap in perception inequality in Mexico. The labour income of 20 percent of the population that obtains the most resources is equivalent to 50 times what the quintile receives, or one-fifth of the total inhabitants of the country, with the most precarious income, show data from the National Institute of Statistics and Geography…

The SEC obtained a final judgment in a U.S. District Court last week against a Connecticut- based investment advisor who defrauded investors of more than $4 million, capping a multi-year saga that landed the advisor a prison sentence totaling more than three years.. The Commission originally filed a complaint against Booth in September 2019, shortly before…

22 Feb- Stocks in the United States fell on Monday, as rising returns on the country’s Treasury bonds and prospects for an acceleration in inflation raised fears of overvaluation of roles, affecting tech giants. *Shares of Apple Inc, Microsoft Corp, Facebook Inc, Alphabet Inc, Tesla Inc, Netflix Inc and Amazon.com Inc resumed their fall the previous week, falling…

Washington.- President Joe Biden, starting Wednesday, will boost loans for small businesses in the United States, so he is taking steps to promote equity in what is known as the Payment Check Protection Program.. The program, which began on April 3 and ended on August 8 and provided $5.2 million in loans worth $525 billion, helped many companies stand when government…

Overview:  Higher interest rates, driven by inflation expectations, is forcing an adjustment to equity markets.  The S&P 500 is poised to gap lower today following slides in the Asia Pacific region and Europe. Japanese and Taiwanese indices advanced by steep losses were seen in China, Hong Kong, and India.  Europe’s Dow Jones Stoxx 600 is off about 0.7% in late morning turnover,…

Last week, Wall Street shares closed several times in all-time highs. The new stimulus backed by President Joe Biden and Democrats may drive America’s economic recovery, but more conservative experts expressed concern that the package could dangerously raise inflation. Strategists led by Dubravko Lakos-Bujas maintain economic reopening and fresh…

While the 2020 gross domestic product performance data still needs to be known, most estimates suggest that the new coronavirus pandemic will have caused one of the deepest recessions in Panama’s history. The impact of these closures is reflected in the main monthly economic indicators, published by the Office of the Office and already completed in the…

Those four words are based on the entire policy of U.S. President Joe Biden. The crisis is obviously the Covid-19, with its legacy of deaths- more than those suffered by the country in World War II- recession- the biggest fall in GDP since the Great Depression of the 1930 s- and a public deficit- the largest since World War II- that has transformed the United States.

17 Feb- Yields on longer-term U.S. Treasury bonds fell Wednesday from the top of a year, as selling pressure declined despite a weak 20- year bond auction and data pointing to a strengthening of the economy. *Demand was weak for the U.S. Treasury auction of 27 billion in 20- year bonds that had a high yield of 1.920%, analysts say. *Regarding the increase in yields, Bill…

The U.S. Federal Reserve’s Federal Open Market Committee discussed the appreciation of asset valuations during its last monetary policy meeting in January, as is apparent from the minutes of the meeting, published on Wednesday. Since the country’s economic recovery began, U.S. stock markets have maintained an upward trend despite new waves of contagion and…

U.S. Mortgage Insurance 2020 Full Year Adjusted Operating Income Of $381 Million; Record New Insurance Written U.S. MI's PMIERs1 Sufficiency Ratio Estimated At 137 Percent, $1,229 Million Above Published Requirements Annual U.S. GAAP Assumption Review Completed For U.S. Life Insurance: Net Favorable Impacts Of $13 Million After-Tax In Long Term Care…

As the Department of Labor said Friday that the fiduciary exemption finalized in the waning weeks of the Trump administration would go into effect Tuesday, Feb. 16, as scheduled, it also indicated that the Department would release' related guidance' in the days ahead for investors, plans and providers alike. Max Schatzow, an attorney with Stark& Stark’ s Investment…

The debate over whether the pandemic will lead to higher inflation becomes increasingly pressing. In the United States, some economists fear that President Joe Biden’s $1.9 trillion stimulus could overheat the economy as soon as vaccines allow the total reopening of the service sectors. In Germany, the cancellation of a temporary vat drop has already…

The Dodd-Frank Act, enacted in 2010 in the wake of the Great Recession, introduced mandatory stress-testing for the largest U.S. banks. Dodd-Frank Act Stress Testing (DFAST) was intended to ensure that banks have sufficient capitalization to absorb the losses they may experience in an economic downturn and, more importantly, continue providing credit to the economy. The…

The Congressional Budget Office noted in February that the U.S. economy will return to pre-pandemic levels by mid-2021, and that real growth over the next 5 years would average 2.6% per year, above the long-term potential expansion rate of 1.9% per year. The recovery in the U.S. economy is truly exceptional, because after sinking 4.8% annually in the second…

The Federal Reserve spares no effort in adding difficulties in its latest stress tests, while planning to subject Wall Street banks to hypothetical scenarios that include a massive rise in unemployment and a decaying stock market. The Fed detailed, on Friday, February 12, its 2021 scenarios without yet giving signs that the issuer plans to ease the…

In a recent article in The Washington Post, Larry Summers, u.S. Treasury Secretary in the Clinton administration and staunch supporter of fiscal policy effectiveness, likets the 2009 spending increase with the current one and warns: the U.S. is putting not only inflation but financial stability and the value of the dollar at risk. The current fiscal stimulus is…

President Biden's administration told the Supreme Court on Wednesday that his predecessor had been wrong to argue that the Affordable Care Act was unconstitutional and urged the court to uphold the health-care law. The issue is whether a 2017 decision by Congress to remove Obamacare's penalty for not buying health insurance- what is called the individual…

Federal Reserve Chair Jerome Powell on Wednesday underscored the Fed’ s commitment to reducing unemployment to multidecade lows, where it stood before the pandemic, while signaling little concern about the risk of potentially high inflation or financial market instability. Powell stressed in prepared remarks for a webcast to the Economic Club of New York…

–Joe Biden’ s administration has dedicated its first few weeks in office to spending more money on pandemic relief– and shrugged off warnings that the economy may overheat as a result. If the president sticks to his guns, it could mark another milestone in the great policy rethink that got under way after the 2008 financial crisis. Biden’ s $1.9 trillion aid plan…

When the coronavirus first swarmed the United States, one health insurer called some customers with a question: Do you have enough to eat? Oscar Health, based in New York, wanted to know whether people had adequate food for the next couple weeks and how they planned to stay stocked up while hunkering down at home. “People are finally getting comfortable with the idea…

19, the global distribution of economic recovery over the next two years will not be even. The International Monetary Fund predicts that the United States and Japan will not return to pre-pandemic levels of economic activity until the second half of this year. The eurozone and the UK will barely reach that point well into 2022..

What a difference a week makes! Almost two weeks ago, the frenzied discussion of GameStop assumed that a proletarian revolution was in progress, that the masses had organized themselves through Reddit and Robinhood, and that they were marching on the bastions of the evil short sellers, who had long held these serfs in subjugation. “Investors of the World Unite! You have nothing…

Long before an army of small investors buying shares of GameStop shocked Wall Street, regulators saw the need for a clearer, real-time view of the trillions of dollars that sloshed through the markets each day. “The smart bet on the SEC historically has been, name the issue, and the response will be muted.” The SEC declined to comment.

Companies added more jobs than expected in Jan. Payrolls increased by 174,000 during the month, according to ADP Research Institute data released Wednesday. Demand also is being supported by regulatory pressures and lawsuits, most notably Bayer’ s $11 billion settlement deal over claims its long-used glyphosate herbicide causes cancer.— BLOOMBERG NEWS.

Jeff Bezos’s resignation from Amazon’s direction has come at the same time that the tech giant presented the best results ever. Overall in the year, Amazon closed with a profit of $21.3 billion, which is equivalent to doubling the result achieved in the same period last year, which amounted to $11.6 billion. “The results show that Amazon has been used more than ever…

Thailand’s central bank left its key interest rate unchanged at a record low on Wednesday as uncertainties surrounding the economic outlook remained high. The Monetary Policy Committee of Bank of Thailand unanimously decided to retain the interest rate at 0.50 percent. In addition to the weak economy, the other main concerns for the central bank are the…

However, it is plausible the effort made by the current leadership, of the voice of its deputy director, Francisco Bustamante, to explain the reasons for the current crisis, the worst of the entity in its entire history. Today, it can easily be determined, through Human Resources mechanisms, that it could well finance the Inter-American Development Bank, how the…

The nation's unemployment rate will not return to its pre-pandemic levels through the rest of this decade, meaning millions could be out of work even after vaccines are widely distributed, according to a projection released Monday by the nonpartisan Congressional Budget Office. The U.S. economy is expected to grow by 4.6 percent this year before returning to…

On Thursday night, Thomas Peterffy, the billionaire founder of Interactive Brokers, took stock of one day like no other in his more than fifty years of career in the stock market. An army of novice traders had teamed up on the social networking site Reddit and relentlessly bought stock and options from video game retailer GameStop through commercial apps like…

1 Feb- Yields on U.S. Treasury bonds dropped on Monday, as efforts by Republican lawmakers in Washington to reduce an aid package undermined expectations about a broader fund. Ten moderate Republican senators from the United States on Sunday urged Democratic President Joe Biden to significantly reduce his COVID-19 aid package from $1.9 trillion to achieve…

Since March 2020 and supported by major fiscal and monetary stimulus programs, U.S. stock markets have shown a preview of more than 70 percent. Currently, the capitalization value of the S&P 500 is $33.15 trillion; the only other market of similar magnitude in terms of capitalization value is the U.S. Treasury bond market, which totals $20.63 trillion.