Tag: stimulus package

China’s Reach for More Economic Stimulus Amounts to a Confession of Failure

Commentary Beijing has admitted failure, even if it refuses to use the word. This is actually the second such confession in the past six months. The first one came earlier this year when Beijing rescinded the lockdowns and quarantines that were the signal parts of its “zero-COVID” campaign. Party leadership had hoped that freeing people…


Fumio Kishida Set to Be Japan’s Next Prime Minister After Winning Liberal Democratic Party Election

Fumio Kishida is set to become the next prime minister of Japan after he was elected leader of the country’s ruling Liberal Democratic Party (LDP) on Wednesday. The 64-year-old, who is Japan’s former foreign minister, beat the country’s Minister for Administrative and Regulatory Reform and Vaccination Rollout, Taro Kono, securing 257 votes to 170. Two female contenders, Sanae Takaichi,…


The Nation Speaks (April 3): What Happens After Crossing the Border; Inside Biden’s Infrastructure Plan; GOP States Push Back on Fed Bailout

The crisis at the southern border is getting more intense by the day. In March, Border Patrol caught at least 150,000 people crossing illegally—50,000 more than in February. Facilities are overcrowded, and Border Patrol agents are overwhelmed. But there’s a lot more to this story, like how exactly so many people are making it to…


800,000 Half Price Domestic Airfares to Aid Australian Tourism Industry

The federal government is subsidising half the cost of 800,000 eligible airfare tickets for domestic travellers as part of a $1.2 billion support package for the struggling tourism industry. The program, scheduled to run from April to July, is the next step in economic support for the tourism industry after JobKeeper ends in March. “This…


Video: Rep. Mike Kelly—91% Of New Stimulus Not for COVID Relief

At the 2021 Conservative Political Action Conference, we sit down with Rep. Mike Kelly (R-Penn.) to discuss why he believes the stimulus package that recently passed the House is highly wasteful and poorly targeted. He also argues the worst thing for disillusioned Americans to do right now is to stop voting. Instead they should get…


Economists Divided Over Inflation Risks From Stimulus Plan

WASHINGTON—The prospects for another large COVID stimulus package have reignited fears for inflation, causing a deep division among economists. While some forecasters believe that the stimulus plan pushed by Democrats threatens future inflation, the others shrug off these concerns, saying inflation worries are overstated. Democratic economist Larry Summers in an op-ed in the Washington Post…


Here’s How the GOP’s Stimulus Package Compares to Biden’s

Ten Senate Republicans released a $618 billion counterproposal to President Joe Biden’s $1.9 trillion coronavirus relief package hours before they meet in hopes of finding some common ground, but the two proposals have far more differences than similarities. The $618 billion package only slightly resembles that of the Biden administration, whose proposal is three times…


Top Senate Republican: CCP Virus Stimulus Package ‘Gets Done Today’

Sen. John Barrasso (R-Wyo.), a member of the GOP leadership in the Senate, expressed optimism that the Senate will reach a stimulus relief package deal at the end of Sunday. “This gets done today. No more delays. We’re not leaving until we have relief for the American people,” Barrasso, the chairman of the Senate Republican Conference,…