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Archive for the ‘economics’ category: Page 94

Apr 12, 2020

Gold may soon soar to a record $2,000 says analyst: we ‘borrowed from the future, and there is not enough economy to pay it down’

Posted by in categories: biotech/medical, economics, finance

The precious metal has been torn between its potential as a haven investment and a mad scramble to sell the tangible asset in a bid for cash to cover losses in the stock market.

“The Covid-19 outbreak has had a major impact on the gold market, bringing massive price swings as investors react to new developments related to the pandemic,” says Steven Dunn, head of exchange-traded funds at Aberdeen Standard Investments.

“Because of Covid-19, refiners were knocked offline…and the ability to move gold became a challenge as normal means of transport became almost impossible,” he says.

Apr 11, 2020

There’s A Crisis That Is Quietly Creating New Economic Superpowers…

Posted by in categories: economics, policy

As China begins to reopen its factories and return back to work, what they are returning to will not be the same…

Despite China being the worlds economic darling for the last 40 years, the balance of the worlds economic power has begun to shift to some places that you might not expect.

Continue reading “There’s A Crisis That Is Quietly Creating New Economic Superpowers…” »

Apr 10, 2020

Venture Capitalist Stuns CNBC

Posted by in categories: biotech/medical, economics, government

Venture capitalist Chamath Palihapitiya stunned CNBC anchor Scott Wapner and generated widespread applause on social media by declaring in a television interview Thursday that the U.S. government should let hedge funds and billionaire CEOs “get wiped out” by the coronavirus-induced economic collapse and instead focus its attention on rescuing Main Street.

When Wapner, seemingly incredulous at what he was hearing, asked Palihapitiya why he would support the collapse of large companies, the Social Capital CEO said “this is a lie that’s been purported by Wall Street.”

Continue reading “Venture Capitalist Stuns CNBC” »

Apr 10, 2020

Japan budgets $2.2 billion for its manufacturing firms to Leave China

Posted by in categories: economics, government

As part of its economic stimulus package, Japan has earmarked $2.2 billion to help its manufacturers shift production out of China. The Japanese government’s panel on future investment had last month discussed the need for manufacturing of high-added value products to be shifted back to Japan, and for production of other goods to be diversified across Southeast Asia.

Apr 9, 2020

Germany Touts Green Stimulus in Post Covid-19 Policy Push

Posted by in categories: biotech/medical, economics, finance, government, policy

👏Europe’s largest economy is looking to make its post-virus recovery compatible with its ambition of becoming carbon-neutral by 2050.

The EU has similarly pledged to make its stimulus plan aligned with its climate commitments.


Germany’s green energy shift may get a financial shot in the arm when the impact of the coronavirus ebbs, according to a senior member of Chancellor Angela Merkel’s cabinet.

Continue reading “Germany Touts Green Stimulus in Post Covid-19 Policy Push” »

Apr 9, 2020

The Kitui County Textile Center (KICOTEC), a Kenyan based industry producing masks to help curb COVD-19 receives international media recognition from the Washington Post Newspaper

Posted by in categories: biotech/medical, business, economics

The Kenyan factory has achieved a great milestone through its ability to make 30,000 surgical masks daily which is a major turnaround from its initial garment making business. I am glad in the stimulus package money will be given to small business to make things needed to fight coronavirus instead of sourcing them outside. The economic investment will help the economy just as Clinton invested in small businesses.

Apr 8, 2020

Japan to Fund Firms to Shift Production Out of China

Posted by in categories: biotech/medical, economics

Japan has earmarked $2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners.

The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen ($2 billion) for companies shifting production back to Japan and 23.5 billion yen for those seeking to move production to other countries, according to details of the plan posted online.

Apr 8, 2020

Universal basic income is set to transform Spain when it’s needed most

Posted by in categories: biotech/medical, economics, government

The Spanish government is taking action in the wake of the coronavirus outbreak.

Apr 8, 2020

Detecting real biological viruses with a smartphone

Posted by in categories: biotech/medical, cybercrime/malcode, economics, mobile phones

Most of us are similar with ‘viruses’ and malware relating to our computers or smartphones, but Yoshihiro Minagawa, a researcher from the University of Tokyo has taken it on literally – he has invented a portable, low-cost, battery-powered device that pairs with a smartphone, which was tested with viruses but could also detect other biological markers. His initial findings, together with other teammates were published recently in the journal, Lab on a Chip.

The current leading method to assess the presence of viruses and other biological markers of disease is effective but large and expensive. It is prohibitively difficult for use in many situations, especially due to certain economic and geographic factors. Although highly accurate at counting viruses, these tools are just too cumbersome for many situations, especially when rapid diagnosis is required.

“I wanted to produce a useful tool for inaccessible or less-affluent communities that can help in the fight against diseases such as influenza,” said Minagawa. “Diagnosis is a critical factor of disease prevention. Our device paves the way for better access to essential diagnostic tools.”

Apr 7, 2020

Rich countries try radical economic policies to counter covid-19

Posted by in categories: biotech/medical, economics

History suggests that the effects will be permanent.

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