Popular anger is brewing at Washington’s haphazard approach to propping up the economy. Too many funds intended to rescue small businesses were instead scooped up by large firms and others that have been little affected by the present crisis. Meanwhile, small businesses that succeeded in obtaining government assistance are discovering it cannot be used to defray much of their existing fixed costs, not to mention the increased costs for PPE to keep workers safe even as revenue plummets. Once again, a hastily designed government program is unfairly picking winners and losers. … [Read more...] about The case for national disaster insurance
State capital management committee
Though the Koodamkulam protests fizzled out after holding out for long, they have since been followed by others, where similar concerns have been flagged and popular support enlisted. This includes petroleum-extraction projects at Neduvasal in the Cauvery delta and the Salem-Chennai, eight-lane greenway, connecting the chief minister’s native district to the state capital after the existing six-lane highway. … [Read more...] about TN’s EPS woos investments amid Covid, but is the environment friendly?
Dr. Tran Dinh Thien, Associate Professor, Director of Vietnam Institute of Economics, made the statement at the opening ceremony of the Autumn Economic Forum held yesterday in the southern city of Vung Tau. Dr Thien also pointed out some paradoxes in the Vietnamese economy such as local banks having large amounts of money, while many enterprises complain about accessing capital. “Many outstanding problems relating to land disputes, lax management at state-owned enterprises or risks to the banking system, etc. are bringing more difficulties to the economy and people’s lives,” he said, while proposing solutions including setting out a long range development plan, removing quotas for provincial GDP growth, and providing more assistance to enterprises. National Assembly Deputy Tran Du Lich from HCM City also agreed with Dr Thien, saying that it was necessary to lower corporate income tax and help firms access credit. Dr Nguyen Dinh Cung, Deputy Director of the … [Read more...] about Forum discusses the problems facing Vietnam’s economy
Thang Long Boulevard, built in 2010 at a cost of VND7.5 trillion ($324 million), is considered the backbone of this area. A number of other new roads developed at the total cost of hundreds of millions of US dollars have also changed the face of Hanoi's western region such as To Huu, Le Trong Tan, Ring Road 3, Le Duc Tho - Xuan Phuong. … [Read more...] about Billion dollar developments spur Ha Dong growth