The largest allocation of Special Drawing Rights, or SDRs, in history—about $650 billion—came into effect earlier this week. The allocation is a significant shot in the arm for the world and, if used wisely, a unique opportunity to combat this unprecedented crisis. The SDR allocation will provide additional liquidity to the global economic system—supplementing countries’ foreign… Continue reading How Special Drawing Rights Can Help Struggling Countries
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What China’s Rebalancing Means for Latin America
The economic linkages between China and Latin America have grown dramatically over the last 20 years. On the trade front, China has become a key partner for the region, increasingly importing commodities and exporting manufactured goods. On the investment front, China has emerged as a source of capital for Latin America, with Chinese investment expanding… Continue reading What China’s Rebalancing Means for Latin America
Department of Commerce Establishes National Artificial Intelligence Advisory Committee
The Department is now seeking to recruit top-level candidates to serve on the committee U.S. Secretary of Commerce Gina Raimondo today announced that the Commerce Department has established a high-level committee to advise the President and other federal agencies on a range of issues related to artificial intelligence (AI). Working with the National AI Initiative… Continue reading Department of Commerce Establishes National Artificial Intelligence Advisory Committee
Receives OIR Annual Workers’ Compensation Rate Filing
TALLAHASSEE, Fla. – The Florida Office of Insurance Regulation (OIR) has received the 2022 Florida workers’ compensation rate filing by the National Council on Compensation Insurance (NCCI), which proposes a statewide average premium decrease of 4.9%. The new rates would become effective January 1, 2022. As always, OIR will review the filing to ensure the… Continue reading Receives OIR Annual Workers’ Compensation Rate Filing
Nevada Gold Mines to Consolidate South Arturo Property in Exchange for Lone Tree and Buffalo Mountain Properties
ELKO, Nevada – Nevada Gold Mines (NGM) has entered into a definitive asset exchange agreement (the “Exchange Agreement”) to acquire from i-80 Gold Corp. the 40% interest in the South Arturo Joint Venture that NGM does not already own as well as a low-cost option to acquire the adjacent Rodeo Creek exploration property, in exchange… Continue reading Nevada Gold Mines to Consolidate South Arturo Property in Exchange for Lone Tree and Buffalo Mountain Properties
Businesses Struggle to Find and Keep Workers Amid Record-High Job Openings
Across all sectors of the economy, many businesses trying to recover from the COVID-19 pandemic are facing yet another challenge: a shortage of workers. According to the latest Job Openings and Labor Turnover Statistics (JOLTS) data from the U.S. Bureau of Labor Statistics (BLS), there were 10.1 million job openings in June—and that number continues to escalate. Businesses added over 590,000 more jobs since May, and 3.3 million since the beginning of 2021. With a record number of job openings and increased turnover across… Continue reading Businesses Struggle to Find and Keep Workers Amid Record-High Job Openings
Supporting our team as they serve our country
When asked about the past week, American Airlines first officer and Air National Guard Colonel Carla Riner described it as “rewarding, enlightening, exciting and heartwarming.” She’s spent it on military leave serving as Deputy Director of Mobility Forces supporting Operations Allies Refuge and Allies Welcome at Philadelphia International Airport (PHL). In her role, Col. Riner… Continue reading Supporting our team as they serve our country
IDB unveils health security recommendations to support tourism industry
The Inter-American Development Bank (IDB), with the support of the World Tourism Organization (UNWTO) and the participation of the Organization of American States (OAS), launched the series of publications Recommendations to Minimize the Risk of Transmission of COVID-19 in the Tourism Sector of Latin America and the Caribbean . Tourism is an important engine of… Continue reading IDB unveils health security recommendations to support tourism industry
IDB World: The Enigma of Informal Work during the Pandemic, Desalination & Value Chains
A crisis like no other: Why informal work did not spike under COVID-19 Before Peru was struck by COVID-19, Diana Quispe* was a part-time hairdresser based in the outskirts of Lima, who served customers in their homes in one of the city’s wealthier districts. She was an informal sector worker, like almost 80% of workers… Continue reading IDB World: The Enigma of Informal Work during the Pandemic, Desalination & Value Chains
New Data Shows the Impacts of the Pandemic on Caribbean Businesses
The Caribbean region has been hit particularly hard by the pandemic, with a deeper economic contraction than Latin America as a whole. The impact has been worse for women-owned/led firms and smaller firms, and supply chain disruptions have significantly affected firm performance. Something novel happened in Ocho Rios, Jamaica on August 16th: a cruise ship… Continue reading New Data Shows the Impacts of the Pandemic on Caribbean Businesses