Tag: spur

COVID second wave fears spur grocery stockpiling

By Aimee Picchi, Special to USA TODAY
Published 10:15 a.m. ET Oct. 12, 2020 | Updated 11:10 a.m. ET Oct. 12, 2020

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The coronavirus pandemic has caused toilet paper shortages and long lines, but panic buying is not a new phenomenon and it certainly isn’t helping.

USA TODAY

Leslyn Hall says she and her husband plan to stock up on groceries later this month. At the back of her mind are concerns about disruptions in supplies if there’s another COVID-19 surge, as well as potential unrest surrounding the Nov. 3 presidential election.

“We talked about doing a big shop like we’re going into quarantine,” says Hall, 53, of Burlington, Vermont. On the list: enough basics such as milk, beans and rice to last for two to three weeks.

Hall, a consultant, points out that her local grocery stores struggle to keep their shelves fully stocked and have shortages of 

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Biden’s Tax Plan Would Spur Economic Growth

Every four years a Democrat runs for president on a platform that includes higher taxes for the wealthy. And every four years a group of people predicts that the sky will fall if those plans are implemented. Yet every time their plans have been implemented, the sky hasn’t fallen—if anything, economic growth and business investment have been stronger under Democratic than Republican presidents.

Joe Biden’s proposals to raise taxes on households making more than $400,000 annually, and on corporations, are broadly consistent with the tax systems under the successful economies of Presidents Clinton and Obama. The Biden plan also includes a few innovations that would improve on its predecessors. It would devote revenue to an ambitious set of proposals to expand economic growth and ensure it is shared more broadly.

Start with the context. Last year when the economy was near full employment, the low federal tax rates set by

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Mastercard (MA) to Spur Digital Transactions in Sri Lanka

Mastercard Incorporated MA recently extended its alliance with Central Bank of Sri Lanka (CBSL) in a bid to accelerate digital transactions across Sri Lanka. A case in point is Mastercard’s extension of support to the ‘Cash Wade’ campaign rolled out by CBSL in March. Notably, shares of Mastercard gained 1.1% in the last day’s trading as of Sep 24.

In addition to supporting the campaign that demonstrates the advantages of digital transactions over physical handling of cash, Mastercard has commenced another initiative for backing consumers and businesses across Sri Lanka in adopting digital transactions.

It has rolled out a cashback rewards promotion, which can be availed at the time of utility bill payments. Payments of INR 1,000 and above to selected utility service providers made by cardholders will be entitled to a cashback benefit of INR 250. To name a few, Ceylon Electricity Board (CEB) and Sri Lanka Telecom are

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Supply Chains Latest: U.S Visa Curbs Spur More Hiring in Overseas Units

After Covid-19 saw millions of Americans lose their jobs and raised the unemployment rate to the highest since the Great Depression era, President Donald Trump responded by putting up barriers to restrict supply of a key commodity: skilled foreign labor.

Arguing that the entry of some workers “presents a significant threat to employment opportunities for Americans affected by the extraordinary economic disruptions” caused by the virus, Trump on June 22 ordered a ban on new green cards and work visas through the end of the year.

The freeze suspended a host of non-immigrant visa programs, among them the H-1B for high-skill specialty occupations. It has triggered a wave of lawsuits, including a broad challenge supported by 22 states and the District of Columbia.

Business groups including the U.S. Chamber of Commerce, the National Association of Manufacturers and the National Retail Federation also want the restrictions overturned. The bid is also

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Pakistan’s central bank to adopt a wait-and-see approach to spur business confidence, governor says

  • Pakistan’s central bank is in “wait-and-see” mode to give businesses the confidence they need to start investing again and keep people employed, Governor Reza Baqir said Wednesday.
  • The State Bank of Pakistan this week kept its policy rate unchanged at 7%.
  • Baqir said that the central bank does not see any demand-side pressure on inflation in the near term due to the coronavirus pandemic

Pakistan’s central bank is adopting a ‘wait-and-see’ mode, says governor

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SINGAPORE — Pakistan’s central bank is in “wait-and-see” mode to give businesses the confidence they need to start investing again and keep people employed, Governor Reza Baqir said Wednesday. 

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After reducing by 625 basis points since March, the State Bank of Pakistan this week kept its policy rate unchanged at 7%. In its policy statement, the central bank said that business confidence and the growth outlook have improved as

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