Should the County of Monroe Industrial Development Agency approve a more than $3 million tax break for a proposed golf-themed entertainment venue?
Beaconomics
The economy’s remarkable recovery
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The COVID-19 pandemic has brought significant pain and suffering to many Americans, but economists thought the recession would last far longer.
Beaconomics
Making sense of money: Part 2
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Arbitrarily tying the money supply to a commodity does not reduce uncertainty. That’s why there is very little support for a return to the gold standard among economists.
Beaconomics
Making sense of money: Part 1
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Banks’ dominance of financial transactions has perpetuated a system that is relatively slow and expensive. But change is coming.
Beaconomics
Rochester’s renewed fuel cell focus
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Hyzon Motors, established here in 2020, plans to create 100 jobs at the former GM facility in Honeoye Falls. The news follows Plug Power’s decision to create an innovation center in Rochester.
Beaconomics
If Biden wins, what will be the impact in Rochester?
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Congress and a Biden White House are more likely to come to agreement on an injection of cash for state and local governments, plus industrial and anti-poverty programs.
Beaconomics
COVID economics
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Can Rochester take advantage of the “reshoring” imperative thrust upon us by COVID-19? Is our higher-ed sector prepared for a shakeout?
Beaconomics
Stop the bleeding: The CARES Act
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The $2.2 trillion CARES Act applies a necessary tourniquet to stabilize the economy during the coronavirus pandemic.
Beaconomics
Where COVID-19 case and mortality rates are highest
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By both yardsticks, Westchester County has suffered the most severe outbreak. The rates are much lower here.
Economy & Business
An enduring legacy
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Kodak’s employment has plunged from its 1982 peak of 60,400 to about 1,300. Yet that employment number vastly understates Kodak’s contribution to the local economy today.
Beaconomics
The impact of persistently low rates of return
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The result of falling real interest rates has been increased risking taking by public pension fund investment managers and others.