This week Congress approved $310 billion above the initial $349 billion Paycheck Protection Program (PPP), but it is not achieving its objective of stopping job losses. Paycheck guarantees would ensure American employer-employee links are preserved and employees can seamlessly return to their productive tasks as the economy recovers and demand picks up. Unless the Congress … Continue reading
On Wednesday, the International Comparison Program, a statistical project coordinated by the World Bank, announced new data on the size of economies by purchasing power parity that suggests China’s economy is bigger than previously thought. But the latest news is anything but surprising. Regular GDP power rankings are compiled by converting a country’s gross domestic product into … Continue reading