India's deadliest train crash in over 20 years
On Friday, India was struck by a horrifying rail crash, and it's the worst accident of its kind in more than 20 years.
Infrastructure
China unveils a 1 trillion yuan infrastructure stimulus package
China, like everywhere else, has had it pretty hard during COVID. But with its strict lockdown restrictions in place when outbreaks come up, the economy has taken a pretty good beating. The manufacturing sector, the biggest in the world, has been significantly slowed down because those people who would usually
Hong Kong railway enthusiasts rush to board the newly-opened cross-harbor section at dawn
After years of delays and budget overruns, Hong Kong’s MTR Corporation launched its new (and priciest) cross-harbor extension of the East Rail line on Sunday. Hundreds of railway enthusiasts waited overnight in light rain to be the first ones to board the train at dawn.
The new section will
How Biden’s infrastructure plan aims to address the global climate crisis
If the BIF is focused on building out the infrastructure for the US to transition to more sustainable energy source alternatives, then you can think of the reconciliation bill as being focused on convincing the nation to make the switch.
What’s the infrastructure plan?
* The infrastructure plan is technically
Why a bipartisan US$1 trillion infrastructure package is a win for Republicans
For Democrats, this legislation becoming law represents the first major win since the Biden administration entered the White House, with perhaps the only other exception being the third pandemic stimulus passed in March.
What’s the infrastructure package?
* So, there’s two parts. The first bill is a US$1
Will Biden’s infrastructure package lead to higher inflation?
Economists agree that the proposed measures likely won’t fully fund the bill. Instead, what will likely happen is that, where certain funding measures happen to fall short, the deficit will be increased. This could lead to inflation.
How is the infrastructure bill related to inflation?
* There are basically three
The path forward for Biden’s infrastructure plan, explained
The new bill seems to have really just cut a little bit off of everything in Biden’s original package, with the largest cuts coming from environmental projects.
What’s new with the bill?
* First off, keep in mind that to pass a bill through the United States Senate, it