Tag: breakthrough

Larry Kudlow says White House preparing ‘breakthrough’ proposal for coronavirus stimulus

White House chief economic adviser Larry Kudlow said Friday that President Trump has signed off on a new proposal for a coronavirus relief deal with Congress.

“The developments are very positive. They are very constructive. This is breakthrough stuff,” Mr. Kudlow said.

He didn’t give too many details on when the deal will be announced, but he expected it to include funds for small business Paycheck Protection Program loans, direct payments to Americans, enhanced unemployment benefits and airline relief.

The proposal is expected to be about $1.8 trillion, according to multiple reports.

House Speaker Nancy Pelosi and Treasury Secretary Steven T. Mnuchin spoke Friday about the proposal for about 30 minutes, but no deal between the White House and Democrats has been reached.

“Of special concern, is the absence of an agreement on a strategic plan to crush the virus,” said Pelosi spokesman Drew Hammill. “For this and other provisions,

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Quantropi to present quantum communication breakthrough at IEEE Quantum Week

Cybersecurity startup to deliver two landmark academic papers to professional quantum community QCE20, October 12-16.

OTTAWA, Oct. 6, 2020 /CNW/ – Quantropi, Inc., a groundbreaking Canadian quantum communication solutions provider, recently announced that the company will be part of this month’s virtual IEEE Quantum Week, a prestigious annual industry event.

IEEE Quantum Week (QCE20, October 12-16, 2020) brings together some of the world’s leading quantum scientists and engineers with other stakeholders to discuss challenges and opportunities in the fast-growing quantum industry. The international conference also showcases recent progress achieved in quantum research, applications, practices, standardization and education.

Quantropi, Inc., is pleased to be a Gold Sponsor of the upcoming event.

“IEEE is at the center of a global conversation to understand the power and promise of quantum computing,” said Travis Humble, Co-chair of the IEEE Quantum Initiative, of the 5-day virtual event, which will feature

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The Finance 202: Prospects for coronavirus relief breakthrough remain dim despite McConnell proposal

“The legislation is not expected to advance, since that would require support from Democrats, and House Speaker Nancy Pelosi (D-Calif.) called the measure ‘pathetic,’” Erica Werner writes of the state-of-play on the effort to provide more support for an economy rocked by the coronavirus pandemic. “McConnell has struggled even to unite Republicans behind the measure, and is likely to suffer some GOP defections.”

So what might look like earnest efforts to reach agreement in coming days will amount to political positioning. Meanwhile, 29 million jobless Americans are still relying on some form on unemployment insurance. Enhanced federal benefits to help those out of work make ends meet expired at the end of July, and only six states are handing out $300 a week meant as a temporary patch. The unemployment rate ticked down to 8.4 percent in August, but the economy has replaced roughly half of the 22 million

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