August 1, 2021
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Economy

GLOBAL MARKETS-China buyers re-emerge, patient Fed saps dollar

World share markets were back on form on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus and reassurances from Beijing saw beaten-up Chinese stocks leap off the canvas.There was also some promising news on the long-awaited U.S. infrastructure bill as the Senate voted overnight to move ahead on th...
Economy

Infrastructure vote: Senate advances bipartisan bill

The lead GOP negotiators on the bipartisan infrastructure legislation speak to reporters after meeting privately with Senate Minority Leader Mitch McConnell (R-KY) at the U.S. Capitol on July 28, 2021 in Washington, DC. TDrew Angerer | Getty ImagesThe Senate voted Wednesday to advance a bipartisan infrastructure plan, a critical step toward Democra...
Economy

Dollar dips after Fed fails to provide taper timeline

Dollar initially spiked after the Fed policy statementMore details on Fed tapering due at Jackson Hole meetingNEW YORK, July 28 (Reuters) - The dollar eased on Wednesday after the U.S. Federal Reserve said the economic recovery is on track despite a rise in COVID-19 infections in a policy statement that was upbeat but did not set a timeline for tap...
Economy

Fast Internet Everywhere Could Add $160 Billion to U.S. Economy

July 28, 2021, 3:43 PMUniversal broadband wouldn’t dent inequality, new study findsAuthors estimate 20% of population to work from home long-termThe U.S. economy stands to gain $160 billion a year in extra output from a successful national high-speed internet plan that would boost labor productivity and allow more people to work from home, accordin...
Economy

Welsh Slate Landscape UK’s newest UNESCO World Heritage Site

Becomes the 32nd UNESCO World Heritage Site in the UK, joining the likes of the Taj Mahal, the Grand Canyon National Park and Machu Picchu UK Government Heritage Minister Caroline Dinenage hails the announcement as a huge achievement and testament to the importance of Wales’ slate mining heritage The Slate Landscape of Northwest Wales has b...
Economy

Sen. Vitelli: Investing in Maine’s people and economy

On Monday, July 19, the Legislature adjourned sine die, or “without day,” finally wrapping a long, complicated but ultimately rewarding session. One of the last bills we voted on for the year was also one of the most important: LD 1733 directs how nearly $1 billion in federal funds from the American Rescue Plan Act (ARPA) will be spent to help Mai...
Economy

Gold Gained as the Dollar Softened and US Real Yields Plunged

yesterday settled up by 0.24% at 47573 as the dollar softened and U.S. real yields plunged to a record low, though gains were kept in check on investor caution ahead of a Federal Reserve policy meeting that could provide details on the tapering of asset purchase. Providing a further boost to the metal, the yield on 10-year Treasury inflation-prot...