Senate Republicans unveil a new infrastructure spending bill, to counter President Biden’s proposal. How much is it worth, and what’s in it? How much does the average American pay in taxes throughout their lifetime? We have the answer, and it might surprise you. Iran is the latest country to crack down on bitcoin mining. China did the same last…
Disneyland Reopening Begins Working Magic on Local Economy
May 23, 2021
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As crowds began rushing into Disneyland during its April 30 reopening, the crush of visitors could be felt far beyond park’s green gates. The businesses surrounding the Anaheim, Calif. amusement park say they’re beginning to feel a reprieve following a 15-month, pandemic-induced tourism drought. With the reopening of Disneyland, the city itself says its optimistic…
LA County Holds First Public Hearing on $36.2 Billion Recommended Budget
May 19, 2021
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LOS ANGELES—The Board of Supervisors held its first public hearing May 19 on Los Angeles County’s $36.2 billion recommended budget for fiscal year 2021-22—a plan that emphasizes spending to expand safety-net services, support economic recovery and address racial and other inequities. County chief executive Fesia Davenport updated the board during a session that in other…
Australia’s Federal Infrastructure Budget for 2021
The Australian government has announced an additional $15.2 billion in new infrastructure funding in the 2021-22 Budget to help aid economic recovery from the CCP virus pandemic. The additional funding adds to the $110 billion 10-year building plan investment that already formed part of the National Economic Recovery Plan which the government says will support…
Governor Proposes Spending $12 Billion to Stimulus Payments
May 11, 2021
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Commentary California is flush with cash and Gov. Gavin Newsom is giving it away. The state found itself with about $12 billion in unexpected revenue for the current fiscal year, and Newsom announced May 10 that he wants to give all of it away. He said he wanted to fund “nearly $12 billion in direct…
Governor Proposes Spending $12 Billion on Stimulus Payments
May 11, 2021
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Commentary California is flush with cash and Gov. Gavin Newsom is giving it away. The state found itself with a $75.7 billion budget surplus for the current fiscal year, and Newsom announced May 10 that he wants to give all $12 billion of it away. He said he wanted to fund “nearly $12 billion in…
Australia’s Federal Budget 2021/22 at a Glance
Here are the key details of the 2021/22 budget, and how the various measures impact on Australians. The Federal Budget at a Glance KEY FORECASTS * Budget deficit of $106.6 billion for 2021/22 (5 percent of GDP) * Economic growth to rise by 4.25 percent in 2021/22 * Unemployment to average 5 percent * Inflation…
Aged Care and Mental Health Priorities for Federal Government in Budget
May 10, 2021
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Australia’s mental health and aged care systems will receive record funding in the federal budget, with billions to be spent on the ailing sectors. Experts have warned the packages may only begin to gain ground back after years of funding shortfalls. Treasurer Josh Frydenberg will hand down his third budget on 11 May, with significant…
LA Mayor’s Job Creation Claim Raises Questions
April 30, 2021
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Commentary About a week ago, on April 21, the Los Angeles mayor released his $11.23 billion budget proposal for the 2021-22 fiscal year. The night before, Mayor Eric Garcetti gave his State of the City speech, offering some rationale for his budget. He called it “a financial document … but also a roadmap,” providing a…
Australians Taxed Third-Highest Across OECD Countries: Report
Australia’s income tax burden among OECD countries is the third-highest in the world, just behind Denmark and Iceland, according to a report by the Organisation for Economic Co-operation and Development (OECD). The report published on April 29 comes as Treasurer Josh Frydenberg delivered his pre-budget speech in which he outlined the nation’s focus on job creation…
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