Tag: billion

Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan

President-elect Joe Biden has picked former FDA chief David Kessler to lead Operation Warp Speed, a day after unveiling a nearly $2 trillion pandemic relief plan that includes $400 billion for directly combatting the virus. Why it matters: Biden’s transition…

All eyes on Federal Reserve chair Jerome Powell as interest rates creep higher

With long-term U.S. interest rates creeping higher and the stock market rally looking increasingly bubblicious, market participants will have a keen eye on remarks by Fed chair Jerome Powell today at Princeton University. Why it matters: The uncertainty created by…

Indonesia’s aviation safety has improved, but a lot remains to be done

The Sriwijaya Air Flight 182 disaster serves as a warning for aviation safety regulators, not only in Indonesia but worldwide. Four minutes after taking off from Jakarta in heavy rain on January 9, the Boeing 737-500 nosedived into the ocean,…

What’s at stake for NZ in Australia’s case against China at the World Trade Organisation?

With the relationship between China and Australia souring in the past six months, New Zealand’s response will need to be nuanced and careful, but also principled. First and foremost, we must ensure the dispute between two of our main trading…

The Smithsonian Has Scrapped Its $2 Billion Bjarke Ingels Redesign in Favor of a More Modest Overhaul

The Smithsonian Institution has ditched a $2 billion design plan by Danish architect Bjarke Ingels, which was set to be the blueprint for a major overhaul of its south campus. Unveiled in late 2014, the splashy master plan was expected to take…
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Increased US support for Taiwan angers China | DW News

On Wednesday, US Ambassador to the UN, Kelly Craft travels to Taiwan, an island which neither the United States nor the United Nations recognise as a country. In fact, up until a few days back, official US policy restricted interactions…
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What Clive Palmer must now ask himself: would China’s ‘bastards’ buy a mine from him?

Colourful mining magnate Clive Palmer’s political ambitions appear to be in tatters. But what of his multibillion-dollar legal ambitions? On Sunday he announced his United Australia Party will not contest Western Australia’s state election in March – a logical decision…

Vaccinating the world: How to make more from less | COVID-19 Special

2021 began with a worldwide ambition – to vaccinate as many people as possible against Covid-19.But in many parts of the world it’s been a slow start. There aren’t enough vaccine dose available yet. And sometimes, logistical problems add to…

See the Installations by Kehinde Wiley, Stan Douglas, and Other Art Stars That Might Actually Make You Want to Go to New York’s Penn Station

Just a few days into 2021 and New York City has already set an architectural milestone with the opening of Moynihan Train Hall, the long-awaited extension of the much-maligned Penn Station. The space, which has 92-foot skylight ceilings, will host…

2020 was a terrible year for climate disasters, but there are reasons for hope in 2021

Climate disasters started early in 2020 — and kept on coming. The catastrophic fires in Australia in early 2020 were actually a holdover from 2019, but they were soon followed by flooding in Indonesia, a super-cyclone hitting the coast of…

How China is Fighting Poverty With… Cows?

This video was made possible by our Patreon community! ❤️See new videos early, participate in exclusive Q&As, and more!➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Whenever we see china in the news it’s normally for some impressive statistic about building stuff, or how it…

Stream weavers: the musicians’ dilemma in Spotify’s pay-to-play plan

Spotify offered the promise that, in the age of digital downloads, all artists would get paid for their music, and some would get paid a lot. Lorde and Billie Eilish showed what was possible. Lorde was just 16 when, in…