Tag Archives: trillion

In a brief photo opportunity at the White House on Thursday afternoon, Biden called the American Rescue Plan a “historic legislation” that is about “rebuilding the backbone of this country,” and said it had broad support among all Americans. He told the reporters gathered at the Oval Office that he …

The final vote on Wednesday saw 220 representatives in favor and 211 opposed, breaking mostly along party lines. Republicans who opposed the bill were joined by one Democrat, Rep. Jared Golden (D-Maine). President Joe Biden is expected to sign the ARP sometime on Friday. While the House adopted a stimulus …

Bitcoin’s price rose above $54,000 on Tuesday, marking a day-by-day growth of more than eight percent, according to data tracked by Coinbase. Its market capitalization first topped the $1 trillion milestone on February 19, holding at that level for a few days before retreating. While still hovering below its all-time-high …

The bill passed by 50 votes to 49 on Saturday, wrapping up a day-long session of amendments and debate. Every Democrat present voted in favor of the bill, and every Republican against. Republican Dan Sullivan (Alaska) was absent, which meant that Democrats did not have to bring in Vice President …

Parallax error is a miscalculation in measurement due to competing lines of sight. The point you are looking from might not be the same as someone else’s. That’s now the situation the UK finds itself in politically. The country’s ‘leading Conservative blog’has published net satisfaction ratings for the government and …

We have just witnessed the damage caused by poorly designed energy grids—rolling blackouts, skyrocketing electricity prices, people sleeping in their cars and in one insulated room to keep warm. At the same time a weaponized right wing media swings into action blaming wind turbines and the green new deal for …

President Joe Biden’s relief package, known as the American Rescue Plan, was passed by the House early on Saturday in narrow 219-212 vote. No Republicans have voted for the legislation, while two Democrats broke ranks and voted against it. The legislation includes $1,400 checks for most Americans, as well as …

In a simple comparison, two headlines seem to say it all about the economic impact of the Covid-19 crisis: the first, from Business Insider, reads “Billionaires made $3.9 trillion during the pandemic” while the second, from The Guardian, shouts “Covid-19 has cost global workers $3.7 trillion in lost earnings.” A …

As part of the $1.9 trillion ‘American Rescue Plan,’ the new administration wants to roll out $1,400 checks to supplement the $600 “stimulus” sent out last month, which “would bring the total to the $2,000 that Biden has called for,” per AP.  The amount has caused some rancor, as Biden …

While most studies assess the costs of the deadly virus by its impact on the national gross domestic product (GDP), a paper published in the Journal of the American Medical Association earlier this week offered a different approach. The authors of the study – former Treasury Secretary Lawrence Summers and …