Economic Impacts

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Economic Impacts

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Members

AlMac99 Kathy Gilbeaux mdmcdonald

Email address for group

economic-impacts@m.resiliencesystem.org

Institutional investors urge a more ‘fair and equitable’ international Covid-19 response

Nearly 150 institutional investors that oversee combined assets worth more than $14 trillion have issued a joint call for a “fair and equitable” global response to the Covid-19 pandemic, and they intend to huddle with health care companies to make progress on that goal.

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‘Like Wartime’: Canadian Companies Unite to Start Mass Virus Testing

TORONTO — As frustration mounts in Canada at the leaden weight of lockdowns and the glacial pace of vaccinations, a consortium of some of the country’s largest companies has launched a rapid testing program with the aim of protecting their 350,000 employees and publishing a playbook for businesses across Canada on how to reopen safely.

The program is believed to be the first of its kind among the Group of 7 industrialized nations, and has already attracted the attention of the Biden administration.

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A Nationwide Mask Mandate Could Add $1 Trillion To The US GDP, According To UCLA Analysis

Implementation of a nationwide mask mandate, combined with complementary public health measures, could reduce the coronavirus’ spread to essentially zero and have a potential $1 trillion impact on the U.S. GDP, according to researchers at UCLA Fielding School of Public Health.

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Trump signs pandemic aid and spending bill, averting government shutdown

PALM BEACH, Fla./WASHINGTON (Reuters) - U.S. President Donald Trump on Sunday signed into law a $2.3 trillion pandemic aid and spending package, officials said, restoring unemployment benefits to millions of Americans and averting a partial federal government shutdown.

Trump, who leaves office on Jan. 20 after losing November’s election, backed down from his threat to block the bill, which was approved Congress last week, after he came under intense pressure from lawmakers on both sides.

The Republican president, who golfed on Sunday and remained out of public view even as the potential government shutdown loomed, had demanded that Congress change the bill to increase the size of stimulus checks for struggling Americans to $2,000 from $600.

It was not immediately clear why Trump changed his mind as his resistance to the massive legislative package promised a chaotic final stretch of his presidency.

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