Economics

EU agrees on $2.1 trillion deal after marathon summit BRUSSELS (AP) — After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro ($2.1 trillion) budget and coronavirus... AP NEWS

BRUSSELS (AP) — After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro ($2.1 trillion) budget and coronavirus recovery fund early Tuesday, after one of their longest summits ever.

We Can Protect the Economy From Pandemics. Why Didn't We? A virologist helped crack an impossible problem: how to insure against the economic fallout from devastating viral outbreaks. The plan was ingenious. Yet we're still in this mess. Evan Ratliff Wired

A virologist helped crack an impossible problem: how to insure against the economic fallout from devastating viral outbreaks. The plan was ingenious. Yet we're still in this mess.

CLICK HERE - STUDY - Pew Research Center - America’s Shrinking Middle Class: A Close Look at Changes Within Metropolitan Areas

latimes.com - by Don Lee - May 11, 2016

America's shrinking middle class, a growing concern for the economy and a central issue in the presidential race, cuts across virtually all communities from coast to coast, according to a study released Wednesday.

The report by Pew Research Center found that the share of the middle class fell in 203 of the 229 U.S. metropolitan areas examined from 2000 to 2014, including major cities such as New York, Los Angeles and Chicago, which saw a relatively sharp drop in its middle class.

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Climate Progress, Katie Valentine, October 24, 2013 

It’ll soon take just one day to get a solar permit in Chicago, thanks to a $750,000 grant from the U.S. Department of Energy. That’s down from the 30-day wait that Chicagoans had to endure previously if they wanted to install small-scale solar projects on their homes or businesses. The grant will also help the city cut fees for solar panel installations by 25 percent, to $275.

Chicago’s grant is just one of $60 million worth of solar grants announced this week by the Department of Energy. The grants are housed under the Energy Department’s SunShot Initiative, a program announced in 2011 with the goal of reducing the cost of solar energy by 75 percent. The grants announced this week will go toward initiatives including increasing diversity in the solar industry, making installing solar cheaper and easier for Americans, and helping kickstart solar businesses.