Economic Issues – Avance Economico http://avanceeconomico.com/ Wed, 23 Nov 2022 17:50:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://avanceeconomico.com/wp-content/uploads/2021/07/icon-7.png Economic Issues – Avance Economico http://avanceeconomico.com/ 32 32 Harris delves into Asian diplomacy amid questions about his political future https://avanceeconomico.com/harris-delves-into-asian-diplomacy-amid-questions-about-his-political-future/ Wed, 23 Nov 2022 17:12:00 +0000 https://avanceeconomico.com/harris-delves-into-asian-diplomacy-amid-questions-about-his-political-future/ Palawan, Philippines CNN — vice president Kamala Harris sticks to his script to respond to what Democrats hope will once again be their biggest campaigner: Donald Trump and his third White House bid. “The president said he intends to run and if he does, I will run with him,” she told CNN on Tuesday – […]]]>


Palawan, Philippines
CNN

vice president Kamala Harris sticks to his script to respond to what Democrats hope will once again be their biggest campaigner: Donald Trump and his third White House bid.

“The president said he intends to run and if he does, I will run with him,” she told CNN on Tuesday – the first time she had been asked about the candidacy. of Trump in 2024, which he announced last week. She was speaking to a group of reporters aboard the Teresa Magbanua, a Philippine Coast Guard vessel stationed at the edge of the South China Sea.

His cautious response at the end of a gaffeless week-long trip to Thailand and the Philippines could serve as a reflection of Harris’ vice-presidency in his sophomore year: Toe the line but don’t wave.

Upon her return from Asia, she is caught in a whirlwind of uncertainty over her place in the party if President Joe Biden, now 80, does not seek a second term. The president is expected to review the Thanksgiving and upcoming holiday decision with his family, whose advice he will seek to run for re-election.

Harris’ trip to Asia — her third to the region since taking office — was another opportunity for the South Asian American first vice president to showcase her ability to lead in traditional vice presidential ways without overstepping her bounds. #2 role.

She attended a series of bilateral meetings and greetings with Asian prime ministers and presidents, including Chinese President Xi Jinping, called a last-minute high-level meeting with Indo-Pacific countries after Korea North launched a long-range ballistic missile hours before the Asia-Pacific Economic Cooperation (APEC) leaders’ summit began and paid a symbolic visit to the island of Palawan in the Philippine archipelago, which could potentially increase tensions with China.

With Biden in Washington, D.C., for his granddaughter’s wedding, Harris continued her role as senior envoy on a trip meant to deepen ties with mostly friendly Asian nations and make the United States the region’s best option for economic stability – part of an ongoing effort to counter China’s growing influence.

The vice president called the trip a success, as she brandished her political chops in the region, attempting to pass herself off as a shrewd leader who speaks for Biden in his absence.

“It is very important that we are here today to reaffirm the United States’ commitment to international rules and standards. This trip and this visit in particular was also intended to demonstrate the strength and importance of our relationship with the Philippines, both on economic and security issues,” Harris said in Palawan, in a speech where she rejected China’s aggression in the South China Sea and announced funding initiatives aimed at strengthening the country’s systems and deepening security ties.

Yet the events of Harris were tightly scripted and the trip itself, highly choreographed.

Harris’ “brief greeting” with Xi, as his office described it, was his first face-to-face meeting with the world leader, which took place on the sidelines of APEC. It was probably the most high-profile moment of Harris’ trip, despite the lack of American press in the room to witness it. The vice president met with him just a week after Biden’s first face-to-face bilateral meeting with Xi, which lasted three hours.

But unlike the president, who can share as much of a conversation as he wants, there was an obvious limit to what Harris felt comfortable sharing. She repeatedly refused to go much beyond what was written in a carefully calculated statement about her encounter with Xi.

“We discussed that we keep lines of communication open, that we don’t seek conflict or confrontation, but welcome competition,” Harris told reporters at a press conference concluding his trip to Thailand. , twice dodging if this conversation touched on North Korea. or Taiwan.

If the goal was to stay blunder-free, the planning seems to have paid off. The Republican National Committee only cut moments on Twitter that might have been awkward but didn’t lend themselves to real criticism — an unusual treatment for one of their most attacked Democrats.

On the first day of APEC, a “deeply concerned” Harris rushed his aides to convene a last-minute, unannounced multilateral emergency meeting with allies in the Indo-Pacific region, according to a senior administration official, after North Korea launched a long-range ballistic attack. missile on Friday morning – his second most publicized moment of the trip.

Harris led her team once she was briefed on the latest launch, a White House official said, using the Indo-Pacific nation’s presence at the APEC leaders’ summit to do so. At the head of a U-shaped table in a small room at the Queen Sirikit National Convention Center, the vice president accused North Korea of ​​”brazen violation of multiple UN security resolutions”.

“This conduct by North Korea is more recently a brazen violation of several UN security resolutions. It destabilizes security in the region and unnecessarily increases tensions. We strongly condemn these actions and again call on North Korea to North to cease further unlawful destabilization,” Harris said. “On behalf of the United States, I reaffirmed our unwavering commitment to our Indo-Pacific alliance.”

His statement closely followed one the National Security Council released hours earlier on Biden’s behalf, almost to the end.

The last-minute nature of the meeting caused those in attendance to move quickly to gather the American press, but with no time to preset the cameras, press from the United States, Japan, Australia, New Zealand and Korea were battling for an angle – causing the photo-visuals to be shaky and askew at times.

Still, it was a moment that felt almost presidential for Harris as it recalled the emergency in-person meeting Biden called with top allies on his last day at the G20 in Indonesia, when a Russian-made missile went down. within the borders of a NATO Ally.

But the presidential posture had limits. During the week-long trip, the vice president took political and political questions only twice from the group of all women journalists traveling with her from Washington – taking two or three questions each time.

Harris didn’t stray from the talking points in her responses, being careful not to overstep Biden’s position on a host of issues.

Harris has long sought opportunities to present her own interests and create her own path as a young vice president with potential presidential ambitions.

At the national level, she took the lead in administering abortion rights. And on overseas trips, Harris has told her aides she wants to think outside the box when it comes to timing. A big part of that was meeting women and families in different countries.

This directive was evident in Manila, when she participated in a moderated conversation about women’s empowerment and entrepreneurship in a Sofitel ballroom.

“On the issue of women’s economic well-being, I think we all know, and I have a strong belief that you raise a woman’s economic status, her family will be uplifted. Her community will be uplifted,” Harris said as the Filipino women nodded in agreement. “The whole society will benefit. Raise the economic status of women and the whole society benefits.

In the Palawan fishing village of Tagburos, Harris watched women clean fish in front of a scenic backdrop to talk about the devastation climate change and illegal fishing have had on the village.

“Hello madam,” they shouted as she approached. Harris’ translator introduced women as his best friends.

“Best friends,” Harris said, with a laugh and a wave.

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Commonwealth Wind’s offshore energy project will stay the course https://avanceeconomico.com/commonwealth-winds-offshore-energy-project-will-stay-the-course/ Fri, 18 Nov 2022 09:56:47 +0000 https://avanceeconomico.com/commonwealth-winds-offshore-energy-project-will-stay-the-course/ Inspired by the steady winds that blow off the coast of Massachusetts, Avangrid Renewables is steadying its course on its Commonwealth Wind project despite the financial turmoil caused by the current domestic and global economic climate. At the end of last month, the company, which is also a partner of the Vineyard Wind projectasked the […]]]>

Inspired by the steady winds that blow off the coast of Massachusetts, Avangrid Renewables is steadying its course on its Commonwealth Wind project despite the financial turmoil caused by the current domestic and global economic climate.

At the end of last month, the company, which is also a partner of the Vineyard Wind projectasked the state’s Department of Utilities to delay action by one month on its power purchase agreements negotiated earlier this year with the state’s utility companies – Eversource, National Grid and Unitil – so that it can pursue price renegotiations.

In a Decision of November 4the agency denied that request and gave Avangrid until Monday to decide whether to pursue or withdraw, try to renegotiate with utilities, and then possibly return at a later date with a new deal.

The company registered its decision to move forward on Monday.

“Avangrid believes there is a way forward for this project,” said Sy Oytan, the company’s senior vice president for offshore projects, in an email announcing that Avangrid had filed an official filing with the Department of Public Services on Monday “so that we can continue to engage in ongoing discussion.”

Avangrid proposes to generate 1,232 megawatts of electricity with its Commonwealth Wind project, making it the state’s largest offshore wind project proposed in waters about 22 miles south of Martha’s Vineyard. Barnstable’s Dowses Beach is believed to be the landing site for the project’s three power cablesa plan that has raised concerns among residents who believe the location is too fragile to carry out such a massive undertaking.

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Disney plans layoffs and hiring freeze amid tough economic times | New https://avanceeconomico.com/disney-plans-layoffs-and-hiring-freeze-amid-tough-economic-times-new/ Sat, 12 Nov 2022 00:37:51 +0000 https://avanceeconomico.com/disney-plans-layoffs-and-hiring-freeze-amid-tough-economic-times-new/ Disney CEO Bob Chapek has warned of “difficult and uncomfortable decisions” ahead and has set up a cost structure task force to implement measures that will include staff layoffs, a hiring freezes and travel restrictions. Chapek informed executives of the move in a memo today. Disney missed its revenue and earnings targets in the fourth […]]]>

Disney CEO Bob Chapek has warned of “difficult and uncomfortable decisions” ahead and has set up a cost structure task force to implement measures that will include staff layoffs, a hiring freezes and travel restrictions.

Chapek informed executives of the move in a memo today. Disney missed its revenue and earnings targets in the fourth quarter and its stock has fallen about 37% in the past 12 months.

More broadly, the company plans to tighten its belt like other media giants are doing in response to tough economic times. Warner Bros. Discovery has rolled out layoffs as it seeks to cut $3 billion and Paramount Global has indicated cuts are on the horizon.

Chief Financial Officer Christine McCarthy and General Counsel Horatio Gutierrez will be part of the task force and it was McCarthy who told analysts on the earnings call earlier this week that the company is expected to make “economic gains”. ‘significant effectiveness’.

Leaders will be asked to eliminate all but essential business travel, and Chapek encouraged them in the memo to hold virtual meetings whenever possible. The company will review its content and marketing spend, though it remains to be seen what impact this will have on non-flagship theatrical features or producing originals for streaming platforms.

In an excerpt from the memo, the Disney CEO said, “I fully appreciate that this will be a difficult process for many of you and your teams. We are going to have to make difficult and uncomfortable decisions. But that is exactly what leadership requires, and I thank you in advance for stepping up at this important time. Our company has overcome many challenges over its 100-year history, and I am confident that we will achieve our goals and create a more agile company that is better suited to the environment of tomorrow.

It appeared during this week earnings call that Disney+ added 12.1 million global subscribers to reach 164.2 million. The ad-free tier will launch next month, and the platform is expected to become profitable in fiscal 2024.

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How much has the global economy fallen in the face of the challenges of 2022? https://avanceeconomico.com/how-much-has-the-global-economy-fallen-in-the-face-of-the-challenges-of-2022/ Wed, 09 Nov 2022 10:52:38 +0000 https://avanceeconomico.com/how-much-has-the-global-economy-fallen-in-the-face-of-the-challenges-of-2022/ Suffering from a series of continuous and persistent calamities over the past two years, it is evident that global economies have suffered a severe blow. Currently, many primary economies are collapsing like waterfalls. Continents such as Asia and Africa lack availability and access to financial technology. The question is, “What are the causes of these […]]]>

Suffering from a series of continuous and persistent calamities over the past two years, it is evident that global economies have suffered a severe blow. Currently, many primary economies are collapsing like waterfalls. Continents such as Asia and Africa lack availability and access to financial technology. The question is, “What are the causes of these disruptive collapses?”

Source: Google Pictures

The main cause of the economic collapse is the COVID-19[feminine] pandemic. Major lockdowns have caused unemployment and supply-side shocks.

Among reporting economies in Asia and the Pacific, referring to 46 developed countries and 3 developing countries Asian Development Bank member economies, only one in four recorded relative economic growth during the coronavirus pandemic.

China’s economy has slowed significantly due to multiple shutdowns, especially in major manufacturing hubs. It has also depreciated the growth rate of economies dependent on China for trade, COU such as Thailand and Malaysia.

Many Asian economies also lacked the institutional capacity to provide relief to people and businesses during the pandemic. It was hard enough for developed countries that used banks, tax administrations and welfare agencies to distribute the relief.

However, emerging economies with huge numbers of unbanked people – 66% in Indonesia and 77% in the Philippines – narrow tax bases and limited social protection have had to resort to distributive measures.

The covid pandemic has affected the African continent just as badly, if not worse. The African Development Bank estimated that the continent’s economic growth declined by 2.1% in 2020.

The effect on economies was the reliance on essential natural resources. Among oil-exporting countries, Libya was the hardest hit, followed by Equatorial Guinea and Algeria. Among the economies dependent on metals and minerals, that of Botswana is estimated to have fallen by 8.9%.

The Mauritian economy has faced the worst fall of any tourism-centric economy. Significant exchange rate depreciations and high inflation rates in Africa could be the result, among other things, of disruptions in external financial flows, including remittances, foreign direct investment and portfolio investment.

A significant cause of the downfall is the Russian-Ukrainian war which started in February 2022.

The grueling war has caused economic fallout mainly in 6 areas; global commodity markets, direct trade links and remittances with Russia and Ukraine, the spread through cross-border production networks, financial markets and the impact on refugees. Food and fuel prices have particularly increased, hitting low-income countries hardest.

The Russian-Ukrainian war completely disrupted trade and caused skyrocketing inflation in many crucial economies around the world. Global growth is expected to slow from around 6.1% in 2021 to 3.6% in 2022-23.

That’s 0.8 and 0.2 percentage points lower than what was projected earlier in January. Extraordinarily high inflation has led to a tightening of monetary policy in many countries.

Global risks to the economic outlook have risen sharply and political trade-offs have become increasingly difficult.

Another important problem is the lack of financial accessibility and availability in Asia. There is clearly a lack of fintech in Asia, which adds to the damage caused by the presence of income inequality.

Small and medium-sized enterprises (SMEs), including micro-enterprises, play an important role in Asia’s economic development and contribute excessively to the region’s domestic production.

They accounted for 98% of all businesses and 38% of GDP in Asia between 2007 and 2012, according to the Asian Development Bank’s SME Finance Monitor 2013. Fintech and digitalization can provide various opportunities to overcome constraints by enabling SMEs to have better access to finance.

This could be done by using branchless banking technologies like online banking as well as engaging in peer-to-peer lending or crowdfunding.

One of the most important issues the commission should tackle is how to harness the power of digitalization to unlock SME productivity and growth.

The press believes that diplomats would be required to take decisive action that creates an enabling environment where fintech can thrive by rethinking regulatory policies to induce more innovation.

It would be extremely useful to address this issue together by exchanging country experiences and challenges in fintech and SME development among policy makers in Asia.

Africa, on the other hand, has observed that the pace of skills and technology development and innovation remains extremely slow, possibly due to the lack of a skilled university-level workforce. in practical technological development.

Added to this is the lack of high-quality laboratories and equipment, little or no resources for long-term funding, and weak private sector initiatives. What is needed is for the committee to work together to extract solutions from experiential circumstances and effectively manipulate economic policies. to build a stronger policy framework leading to development


Read more: Indian holiday season helps boost sales despite global economic downturn

Read also : Sheikh Mohammed believes that GITEX has “established Dubai on the global tech agenda”.

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Support for Levitt Flisser based on economic and social issues | Letters to the Editor https://avanceeconomico.com/support-for-levitt-flisser-based-on-economic-and-social-issues-letters-to-the-editor/ Sun, 06 Nov 2022 13:00:00 +0000 https://avanceeconomico.com/support-for-levitt-flisser-based-on-economic-and-social-issues-letters-to-the-editor/ Unlike Democratic Socialist Jamaal Bowman who is out of touch with the values, intelligence and concerns of the people of Scarsdale, our former Mayor Miriam Levitt Flisser demonstrated integrity and concern for issues important to us over her years. of service and is well placed to represent us in the House of Representatives. Mr Bowman […]]]>

Unlike Democratic Socialist Jamaal Bowman who is out of touch with the values, intelligence and concerns of the people of Scarsdale, our former Mayor Miriam Levitt Flisser demonstrated integrity and concern for issues important to us over her years. of service and is well placed to represent us in the House of Representatives.

Mr Bowman raised his eyebrows during a March 2021 speech at Chase Park proclaiming: ‘Our country was built on hate, genocide, discrimination and slavery, and everything ugly in the psyche of mankind. This is what this country was built on. These historically false, culturally corrosive and divisive comments certainly do not represent the prevailing views of our politically moderate community which understands that warts and all, the United States was built on the divine rights of individual liberty and creative equality which are protected by the world’s oldest Constitution and the rule of law.

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Yesli Vega discusses issues facing Virginians ahead of election https://avanceeconomico.com/yesli-vega-discusses-issues-facing-virginians-ahead-of-election/ Wed, 02 Nov 2022 22:30:00 +0000 https://avanceeconomico.com/yesli-vega-discusses-issues-facing-virginians-ahead-of-election/ The Prince William County Supervisor challenges Democratic incumbent Abigail Spanberger in the race for the 7th congressional district. ORANGE, Virginia – Editor’s note: This is part of a series of candidate profiles leading up to Election Day. Come back daily for additional candidate profiles, including Vega’s challenger, Abigail Spanberger. The race for Virginia’s 7th congressional […]]]>

The Prince William County Supervisor challenges Democratic incumbent Abigail Spanberger in the race for the 7th congressional district.

ORANGE, Virginia – Editor’s note: This is part of a series of candidate profiles leading up to Election Day. Come back daily for additional candidate profiles, including Vega’s challenger, Abigail Spanberger.

The race for Virginia’s 7th congressional district between Democratic incumbent Abigail Spanberger and GOP newcomer Yesli Vega is expected to be close, but many of their views couldn’t be more polarized.

A chance to debate their political platforms was crushed after a scheduled debate was cancelled.

Vega said she plans to use her experience as Prince William County supervisor, a role she assumed in January 2020, to guide her priorities in Congress. She thinks economic challenges are the number one issue facing Virginians, with rising gas prices and even more expensive groceries.

“We keep printing money that we don’t have and sending money to all these places when we need it badly here,” she said when asked what she was up to. would do to help reduce inflation. “We owe it to the American people to be good stewards of their tax dollars.”

As a supervisor, Vega has described herself as a “tax hawk” who opposes raising taxes.

Critics have since argued his stance against reckless spending and his stance on student loan forgiveness after reporters revealed Vega filed for personal bankruptcy more than a decade ago, which included loan debt. student.

“Look, I was 24,” Vega added. “I was a small business owner with my husband and it happened in the last recession where businesses were pushed out of the market because of the real estate market. That’s what happened.”

Early in her campaign, after her first win, Vega was pushed back by remarks she made that were caught on audio, which appeared to cast doubt on how often rape victims get pregnant. The topic of abortion is the third biggest issue for Democratic voters in Virginia, according to a recent survey by Christopher Newport University. For Republicans, however, the top three issues are the economy, immigration and crime.

Spanberger capitalized on Vega’s remarks by pushing him in political ads.

Vega highlighted how she supported the overturning of Roe v. Wade and returned the decision to the States.

“I’m pro-life, but I believe in three exceptions: mother’s life and rape and incest,” Vega said.

Vega is also a big advocate for law enforcement and supports fully funding police departments and addressing recruitment and retention issues. Most recently, she hosted a “Back the Blue” rally in Orange, Virginia.

“How can you fight crime when you don’t have enough officers?” said Vega. “We certainly need to ensure that police departments are fully funded to attract and recruit talent and retain those who have been there for a long time.”

Much of his campaign recently involves conversations about parental rights, particularly after Republican Gov. Glenn Youngkin proposed changes to education policy that would change how trans students are treated in schools.

As part of the 2022 model policies released by the Virginia Department of Education, the new rules state that students are only allowed to use bathrooms and locker rooms based on their biological sex. Students can only compete on track teams that match their sex assigned at birth. Teachers and staff may only refer to students by their names and pronouns associated with their records, unless instructed otherwise by a parent.

Youngkin spoke about how parents should be better informed about conversations surrounding their child’s gender and sexual orientation. Vega agrees with the governor despite arguments that the policy is discriminatory.

“It protects children,” she said. “He treats children with dignity and respect, but he lets parents know what’s going on with their children.”

Vega has also focused on border issues during her campaign. Although she did not provide specific solutions, she says the country needs to better enforce the laws and reassess what to do with the migrants already here.

“I fully support securing the border and then talk about what we’re going to do with the people here,” she said.

RELATED: Democrat Abigail Spanberger outspends Republican Yesli Vega 4.5 to 1 in Virginia election

RELATED: Yesli Vega plans to vote against controversial Prince William County data center project

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Five takeaways from Georgia’s second gubernatorial debate https://avanceeconomico.com/five-takeaways-from-georgias-second-gubernatorial-debate/ Mon, 31 Oct 2022 02:03:00 +0000 https://avanceeconomico.com/five-takeaways-from-georgias-second-gubernatorial-debate/ CNN — Georgia Republican Governor Brian Kemp and Democratic candidate Stacey Abrams clashed their second and final gubernatorial debate Sunday night, with just over a week to go until Election Day amid record early voting. They argued over the state’s economy, abortion rights and, a sign of the race’s national implications, which party should be […]]]>



CNN

Georgia Republican Governor Brian Kemp and Democratic candidate Stacey Abrams clashed their second and final gubernatorial debate Sunday night, with just over a week to go until Election Day amid record early voting.

They argued over the state’s economy, abortion rights and, a sign of the race’s national implications, which party should be blamed for the country’s woes.

Kemp led most of the polls in the race, but Abrams – who came within a few thousand votes of pushing their 2018 race to a second round – has a strong base of support and has managed to help mobilize Democrats in his campaigns and those of other high-ranking Democratic candidates, including President Joe Biden and the Sens. Raphael Warnock and Jon Ossoff in their 2020 campaigns.

There are 36 states voting for governor this year, 20 of which — including Georgia — are Republican-backed. The state legislature is controlled by Republicans who, with Kemp’s endorsement, signed into law an abortion bill three years ago that bans the procedure as early as the sixth week of pregnancy, with some exceptions. . Now that Roe v. Wade was overruled by the Supreme Court, this law is in force and further restrictions may be in the works.

Abrams sharply criticized Kemp on the issue, noting his refusal to make it clear whether he would sign new legislation from anti-abortion Republicans. Kemp, in turn, has repeatedly sought to pivot the conversation on the economy — particularly inflation and Georgia’s relative prosperity despite it — while trying to portray Abrams as a progressive radical who wants to remove the police funding. (His position is considerably more complicated.)

Here are five takeaways from the second Georgia gubernatorial debate:

Is Georgia booming, as Kemp says, or is it nearing a calamitous collapse, as Abrams argued?

The candidates painted starkly different portraits of the state’s economic situation, with Kemp pointing to higher wages and low unemployment — and blaming any pain on inflation, which he attributed to Democratic policies in Washington — while ‘Abrams singled out a low minimum wage and Kemp’s refusal to accept Medicaid expansion funds under Obamacare as twin albatrosses carried by Georgia’s working class.

Kemp summed up his views at the start and end of the debate. His closing statement applauded the “lowest unemployment rate in our state’s history,” “the most people ever working in our state’s history,” and “the economic opportunity, no matter your zip code or neighborhood, as we focused on strengthening rural Georgia and more.

Abrams saw something radically different.

“The economic pain people are feeling is real,” Abrams said. “As governor, not only will I cut costs, I’ll put more money in the pockets of working Georgians, middle-class Georgians, but I won’t just give tax cuts to the wealthy. and to the mighty.”

Kemp argued that the state’s one-time billion dollar tax credit this year was only possible because of his maneuvering during the worst of the Covid-19 pandemic, when he was among the first to reopen businesses, and pointed to a recent gas tax holiday as emblematic of his work to make life more affordable for middle-class voters.

Where that failed, he tried to blame it on the north – on the White House.

“The problem (facing Georgians) is that (wages) aren’t growing fast enough to keep up with Joe Biden’s inflation,” Kemp replied when Abrams challenged his description of the state’s economic situation. .

In a sense, the abortion debate has stalled in Georgia. The state has a books law, passed three years ago, that prohibits the procedure after about six weeks. And with the Supreme Court’s Dobbs decision, it’s now in effect.

But Abrams and the debate moderators had another question for Kemp: With no federal limits in place, would the Republican, if reelected, sign new restrictions into law?

Kemp didn’t give a straight yes or no answer, saying he didn’t want to prejudge “a specific bill without seeing exactly what it does,” before adding, “It’s not not my desire to go back, to move the needle further.

“He didn’t say he wouldn’t,” Abrams replied — pointing to the lingering uncertainty around the issue, which moderators noted remains divisive in the state. where more than half of respondents in a recent survey support abortion rights.

Abrams framed his argument around concerns about privacy and women’s health, describing abortion as “a medical decision”, one that should only be made by “a doctor and a woman, not a politician”.

Kemp, in a back-and-forth on limits and exceptions, described his own wife’s miscarriage and the difficulties they faced having children (he now has three daughters).

“It’s a tragic and traumatic situation,” he said of the miscarriages, pushing back against Abrams’ warning that the state could, under GOP scrutiny, end up investigating women who suspect them of having had an abortion. Kemp denied that the women would ever be punished for undergoing the procedure.

Abrams, seeking to tie the issue to broader concerns about access to health care in the state, noted that under current state law, the ban goes into effect “before the most women don’t know they’re pregnant” — an especially troubling fact given the dwindling number of OB-GYNs in Georgia.

They are not gubernatorial candidates, but they are a priority for many in Georgia.

For Democrats, it’s GOP Senate candidate Herschel Walker, who has become a symbol of what his critics describe as Republican hypocrisy on issues like abortion, support for law enforcement and the business knowledge.

On the Republican side, President Joe Biden is the go-to boogeyman for most economic issues, with GOP candidates and their surrogates relentlessly trying to tie Democratic candidates to the president and the skyrocketing inflation that has occurred. during his tenure.

“Americans are hurting right now because of a disastrous political agenda from Joe Biden and the Democrats who totally control Washington DC,” Kemp said when his economic record came under attack.

Abrams, in turn, called out Kemp’s support for Walker during their abortion battle.

“(Kemp) refuses to defend us and yet he defended Herschel Walker, saying he didn’t want to be involved in his running mate’s personal life, but he doesn’t mind being involved in women’s personal medical choices. in Georgia,” Abrams said.

Walker, who has repeatedly said in the past that he favors a total ban on abortion with no exceptions, is facing allegations from two women who say he urged them to have abortions. Walker denied their allegations.

During their first debate, Abrams said Kemp shouldn’t get too much credit for sticking to the law and not giving in to former President Donald Trump’s efforts to undo his 2020 loss to Georgia.

There was less talk two years ago this time – and virtually no mention of Trump throughout the night – but voting rights, in particular a new law known as SB 202, made headlines. object of scrutiny from Abrams.

“The right to vote is sacred to me. … It’s an abomination, SB 202, that allowed racists, white supremacists to challenge the legal authority of citizens to vote,” she said.

In response to news of record early voting turnout, Abrams argued that “the fact that people are voting is in spite of SB 202, not because of it.”

Kemp, as he did in their first debate, accused Abrams of trying to “manipulate and scare people back home” and defended the state as a place where it’s “easy to vote and hard to cheat.”

When asked, both candidates said they would accept the November election results regardless of the outcome – a remarkable question mainly because it has become a staple of campaign debates across the country in following the 2020 elections.

The crime debate, both nationally and in statewide races, tends to follow similar paths.

Republicans criticize Democrats for being soft on crime and tough on the police, often citing the short-lived “defund the police” movement against their opponents. Democrats push back, touting their support for law enforcement, before swinging to GOP opposition to new gun restrictions.

And so it went in Georgia on Sunday night.

“Go check the file, because Ms. Abrams on CNN got asked the question, would she fund the police? And she said, yes, we have to reallocate resources. It means cutting the defunding of the police,” Kemp said.

Abrams denied that claim, saying Kemp was “lying again” about his record — which, indeed, is more nuanced — before turning to the Republican’s record of easing gun restrictions.

“Guns are the number one killer of our children. We have the ninth highest rate of gun violence in the country. Domestic gun violence has increased 18% under this governor, and his response has been to weaken gun laws in the state of Georgia,” Abrams said.

In fact, Abrams and Kemp have gone out of their way during this campaign to emphasize their support for law enforcement. Abrams has offered $25 million in state grants to local agencies that would go to boost police salaries, while Kemp has repeatedly touted his support from top law enforcement officials, the vast majority of whom have endorsed his campaign for a new term.

This story has been updated with additional information.

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The banking sector resilient in the face of economic challenges – Afrinvest https://avanceeconomico.com/the-banking-sector-resilient-in-the-face-of-economic-challenges-afrinvest/ Fri, 28 Oct 2022 01:23:22 +0000 https://avanceeconomico.com/the-banking-sector-resilient-in-the-face-of-economic-challenges-afrinvest/ Commercial banks recorded modest performance in all regulatory indicators despite various economic challenges, according to the “Afrinvest Banking Sector Report 2022”. The report showed that the sector, through its resilience and strength, exceeded all the limits of the prudential guidelines set by the Central Bank of Nigeria. The Deputy Managing Director of Afrinvest West Africa […]]]>

Commercial banks recorded modest performance in all regulatory indicators despite various economic challenges, according to the “Afrinvest Banking Sector Report 2022”.

The report showed that the sector, through its resilience and strength, exceeded all the limits of the prudential guidelines set by the Central Bank of Nigeria.

The Deputy Managing Director of Afrinvest West Africa Group, Mr. Victor Ndukauba, presented the report during the launch of the 17th edition of the report and the unveiling of Optimus, Afrinvest’s digital investment application , in Lagos on Wednesday evening.

The occasion also marked the announcement of new Afrinvest subsidiaries and the expansion of its management team as well as the unveiling of a new logo.

The report’s assessment of the CBN’s financial stability indicators showed that the sector’s liquidity and non-performing loan ratios improved by 130 basis points (up) and 75 basis points (down) , respectively, at 42.6% and 4.95%.

Although the capital adequacy ratio at 14.1% underperformed the June 2021 level by 140 basis points, all indicators exceeded the prudential guideline limits of 30% (LR), 5% ( NPL) and 13.0% (CAR), respectively, despite the myriad challenges in the business environment.

The report indicates that the improvement is expected to continue over the next few years.

He said that by increasing its role in development finance, particularly in agriculture finance, the CBN risked crowding out banks and private sector finance, which were more effective in reducing sector risk and encourage growth without moral hazard.

He said: “It is important to note that weak economic growth has deprived banks of the dividend of a large and young demographic. Over the past 10 years to 2021, real gross domestic product grew at a compound annual growth rate of 1.9%, compared to a CAGR of 2.3% for population.

“For banks, this reality means scaling would be less efficient than in an economy where growth outpaces population expansion.”

The report recommended that critical reforms be undertaken urgently to avoid a repeat of the negative trends observed over the past decade.

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Rishi Sunak ‘is not the answer to the UK’s economic problem’: Labor Party leader Anneliese Dodd https://avanceeconomico.com/rishi-sunak-is-not-the-answer-to-the-uks-economic-problem-labor-party-leader-anneliese-dodd/ Tue, 25 Oct 2022 14:13:56 +0000 https://avanceeconomico.com/rishi-sunak-is-not-the-answer-to-the-uks-economic-problem-labor-party-leader-anneliese-dodd/ A day after Labor Deputy Leader Angela Rayner called for a general election and added that Rishi Sunak is ‘already putting party before country’ by delivering a closed-door speech to Tory MPs, the Labor Party chairwoman Labor Party Anneliese Dodds said Oct. 25 that Sunak “does not have a mandate” to govern. She was also […]]]>

A day after Labor Deputy Leader Angela Rayner called for a general election and added that Rishi Sunak is ‘already putting party before country’ by delivering a closed-door speech to Tory MPs, the Labor Party chairwoman Labor Party Anneliese Dodds said Oct. 25 that Sunak “does not have a mandate” to govern.

She was also of the opinion that the new British Prime Minister is not the answer to the country’s economic problems.

“Rishi Sunak says he is the answer when the problem, in the end, is the conservatives”, BBC quoted Dodds saying in response to Sunak’s first speech as prime minister. She added that Rishi Sunak was part of those 12 years of conservative failure.

“People didn’t vote in the last election for a high-tax, low-growth economy, but of course Rishi Sunak was at the heart of that,” she added.

READ ALSO : After Rishi Sunak’s nomination as PM, Labor deputy leader Angela Rayner seeks new UK polls

Dodds also criticized Sunak’s lack of concrete policy proposals, saying “ordinary people, of course, who are paying the price” and called it an “economic failure” of the Conservative Party.

She even said Monday’s budget statement was “getting together like a Halloween horror show,” reported BBC.

Earlier on October 24, shortly after Sunak’s appointment was announced, Deputy Labor Leader Angela Rayner said Sunak would become the UK’s next Prime Minister without him ‘saying a word’ on what he planned to do at No. 10.

Taking to Twitter, she wrote: “The Conservatives crowned Rishi Sunak without him saying a word about what he would do as Prime Minister. He has no mandate, no answers and no ideas. Nobody voted for that.”

“The public deserve their opinion on Britain’s future through a general election. It’s time for a fresh start with Labour,” she added.

Meanwhile, the Liberal Democrats said Sunak had failed to “reassure” the public worried about the coming winter.

Liberal Democrat leader Ed Davey said Sunak’s ‘refusal’ to call a general election ‘shows the Conservative Party doesn’t trust the British people’.

“The public will be rightly furious that they have been denied a say, while Tory MPs decide who runs our country,” he said.

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World Economic Outlook, October 2022: Countering the Cost of Living Crisis https://avanceeconomico.com/world-economic-outlook-october-2022-countering-the-cost-of-living-crisis/ Sat, 22 Oct 2022 20:34:25 +0000 https://avanceeconomico.com/world-economic-outlook-october-2022-countering-the-cost-of-living-crisis/ Global Perspectives and Policies The slowdown in global economic activity is widespread and sharper than expected, with inflation higher than seen in decades. The economic outlook depends on a successful calibration of monetary and fiscal policies, the course of the war in Ukraine and growth prospects in China. The risks remain unusually high: monetary policy […]]]>
Global Perspectives and Policies

The slowdown in global economic activity is widespread and sharper than expected, with inflation higher than seen in decades. The economic outlook depends on a successful calibration of monetary and fiscal policies, the course of the war in Ukraine and growth prospects in China. The risks remain unusually high: monetary policy could miscalculate the right position to reduce inflation; divergent political trajectories in the largest economies could exacerbate US dollar appreciation; the tightening of global financing could trigger an over-indebtedness of emerging markets; and a worsening of the crisis in China’s real estate sector could undermine growth. Policymakers should focus on restoring price stability and easing cost of living pressures. Multilateral cooperation remains necessary to accelerate the green energy transition and prevent fragmentation.

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