New report finds racial and economic segregation present in Bay Area neighborhoods

New report finds racial and economic segregation present in Bay Area neighborhoods

(BCN) — A new report from the Bay Area Equity Atlas shows that several Bay Area neighborhoods remain highly segregated by race and wealth. The report is based on an analysis of U.S. Census data down to the census track level that compares population numbers by race and income. Eleven of the Bay Area’s 1,572

Brazilian soccer club welcomes first Argentinian crypto signing amid economic downturn

Brazilian soccer club welcomes first Argentinian crypto signing amid economic downturn

Argentina’s economic restrictions have reached the sports industry, with the first signing of a local football player with cryptocurrencies hitting national headlines. The transfer of midfielder Giuliano Galoppo from Banfield’s Athletic Club to Sao Paulo Futebol Clube was made in USD Coin (USDC), exceeding $6 million and up to $8 million depending on the volatile

U.S., Japan to cooperate on semiconductors as part of new economic dialogue

U.S., Japan to cooperate on semiconductors as part of new economic dialogue

WASHINGTON, July 29 (Reuters) – The United States and Japan launched a new high-level economic dialogue on Friday aimed at pushing back against China and countering the disruption caused by Russia’s invasion of Ukraine. The two long-time allies agreed to establish a new joint research center for next-generation semiconductors during the so-called economic “two-plus-two” ministerial

FACT SHEET: Biden-Harris Administration Advances Equity And Economic Opportunity Through Federal Procurement And State And Local Infrastructure Contracting

FACT SHEET: Biden-Harris Administration Advances Equity And Economic Opportunity Through Federal Procurement And State And Local Infrastructure Contracting

Administration Announces Record Contract Spending on Small Disadvantaged Businesses and New Steps to Create Contracting Opportunities for Disadvantaged Businesses through the Bipartisan Infrastructure Law  The Federal Government is the largest consumer of goods and services in the world, spending roughly $600 billion each year. Thanks to President Biden’s Bipartisan Infrastructure Law , states, territories, Tribes,

Yellen vows tough U.S. measures against countries abusing economic order

Yellen vows tough U.S. measures against countries abusing economic order

U.S. Treasury Secretary Janet Yellen speaks during a news conference, ahead of the G20 Finance Ministers and Central Bank Governors Meeting, in Nusa Dua, Bali, Indonesia, July 14, 2022. Made Nagi/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register SEOUL, July 19 (Reuters) – The United States will impose harsh consequences on

The devastating economic toll of severe heat waves

The devastating economic toll of severe heat waves

Western Europe is reeling from the hottest temperatures on record as a third of the U.S. buckles down for a heat wave of its own. Disastrous heat waves are becoming increasingly more common with global warming — killing people, damaging infrastructure and straining energy supplies. A growing body of research shows that extreme heat has long-lasting effects

Wall Street braces for economic ‘hurricane’

Wall Street braces for economic ‘hurricane’

“The debate has shifted on inflation,” Asutosh Padhi, managing partner overseeing North America at consulting firm McKinsey & Co., said in an interview with POLITICO editors and reporters. “People have stopped trying to forecast, at least clients I speak with, on how much and how long” the run of inflation will last. “It’s permanent enough,

Wall Street recession fears stoked by patchy US economic data

Wall Street recession fears stoked by patchy US economic data

Investor concerns that the US economy is overheating are giving way to recession jitters as analysts fret the Federal Reserve could stifle growth with its rapid tightening of monetary policy. Markets are pricing in an aggressive path for Fed rate rises in the coming months while also signalling expectations that the central bank will then