US Fed chief renews call for more fiscal support

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Washington, Nov 18 | US Federal Reserve Chairman Jerome Powell renewed his call for Congress to roll out more fiscal support, as the country faces a challenging economic outlook amid surging COVID-19 cases.

Fiscal policy, which includes taxing and spending, can provide “direct, targeted income support” for groups that really need it, Powell said on Tuesday at the virtually held Bay Area Council Business Hall of Fame awards ceremony, Xinhua news agency reported on Wednesday.

“There hasn’t been a bigger need for it in a long time,” said the Fed chief, adding that it’s “essential” for Congress to pass another coronavirus relief package as soon as possible.

Despite recent news on vaccine development, Powell cautioned that significant downside risks for the economy remain, as widespread vaccination is still months away even in the best case.

“The vaccine news is certainly good news, particularly in the medium term,” Powell said, while noting that in the near term, “there are significant challenges and uncertainty.”

Confirmed COVID-19 cases are skyrocketing across the United States, with over 1 million new cases reported in the last seven days, according to data updated Tuesday by the Centers for Disease Control and Prevention (CDC). The total number of cases in the country surpassed 11 million.

At least 45 states have reported more new infections last week compared with the previous week, according to the Johns Hopkins University tally. In response to surging infections, governors across the country have reinstated restrictive measures to curb the spread of the virus.

Meanwhile, Democratic and Republican lawmakers have been deadlocked for months over the size and scope of the next round of fiscal support.

The Democrats-controlled House of Representatives in early October passed a US $2.2 trillion relief bill. Some Senate Republicans, however, insisted on a relief package below US $1 trillion, and want to advance a US $500 billion bill.

US Democratic leaders on Tuesday asked Senate Majority Leader Mitch McConnell to restart negotiations on a new COVID-19 relief package this week as confirmed cases are surging across the country.

“The COVID-19 pandemic and economic recession will not end without our help. It is essential that this bill have sufficient funding and delivers meaningful relief to the many Americans who are suffering,” House Speaker Nancy Pelosi and Senate Democratic Leader Chuck Schumer wrote in a letter to McConnell.

McConnel said earlier Tuesday that Senate Republicans still want to pass more coronavirus relief for the American people, while denouncing Democrats’ relief proposal as “unrealistic and poorly-targeted.”

Source: IANS

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From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

Gone are the days when one had to finish school, college and subsequent years in getting trained to be able to sustain oneself with decent income. Today, what you earn eventually depends upon your skillset and how early you got started to build an expertise in your domain.

Manthan Dudeja, who currently lives in California and is still in his graduation years, understood the perks of starting early and is now a CEO who has worked across a plethora of jobs, from IoS programming to website development and blogging to trying his hand at Amazon Associates.

In conversation with this dynamic entrepreneur, let’s decode the various options for freshers to make a side income while they are still in school/college –

  • Content writer/Editor

Manthan explains how he started off by writing for blogs with whatever knowledge he had and with the help of internet, this could be by either writing for your own online blog, for instance Manthan was interested in Tech, so he was writing for his blog ‘TechCrack‘ or for someone else in the capacity of a content writer.

It’s not difficult to get started if you have the basic understanding to develop a ‘flow’ while writing a piece and the skill to write what suits your target audience.

  • Software developers/ Programmers/ Coders – Today, software/app developers are earning more than the average of $60 an hour by working remotely. There are a host of online paid/free platforms providing trainings to acquire such skills, Manthan has been an app/website developer for the longest time and by far, this skill has given him the best results for his work.
  • Digital Marketer/ E-Marketer-

Your journey to become a digital marketer starts the day you take the step of self-educating yourself and learning the tricks to attract potential customers either by way of Google, Facebook, or any other digital platform by a host of scalable ways on the internet, undoubtedly, digital marketing is the hottest online work from home concept of this decade.

Manthan is today a successful digital marketer who has equipped himself with the advanced knowledge of online ads on various mediums and has effectively used these skills to generate incredible revenue over time.

These are some of the best ways to get started, according to Manthan, all

 

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