May 29, 2021 03:05 AM
(This post was last modified: May 29, 2021 03:21 AM by C C.)
(Canadian community) Liberal MP ‘stepping aside’ after urinating on camera during virtual House session
https://globalnews.ca/news/7901073/liber...f-commons/
INTRO: The Liberal MP who was caught naked on camera during a virtual House of Commons session last month says he is “stepping aside” from some of his parliamentary duties after being exposed once again. In a statement Thursday, William Amos said he was attending a virtual, non-public House session Wednesday evening when he urinated “without realizing I was on camera.”
The Pontiac, Quebec MP said he will be “stepping aside temporarily” from his committee assignments and his duties as parliamentary secretary to Industry Minister Francois-Philippe Champagne “so that I can seek assistance.”
He said he will continue to serve his constituents as MP in the Liberal caucus. “I am deeply embarrassed by my actions and the distress they may have caused anybody who witnessed them,” he said... (MORE)
(US community) Biden's budget blowout predicts years of Obama-level tepid growth
https://www.politico.com/news/2021/05/28...wth-491341
INTRO: President Joe Biden is selling his multitrillion-dollar spending proposals as the key to unlocking the power of the economy by pumping up productivity and drawing millions of Americans back into the labor force.
But the budget plan the White House unveiled on Friday projects economic growth of 2 percent or less per year for most of the next decade, after factoring in inflation. That’s not much different than the sluggish pace the U.S. endured in the decade after the financial crisis and Great Recession, a disappointing economic performance that damaged Barack Obama’s presidency.
So where is the “Build Back Better” economic revolution that Biden and White House officials have talked up in recent weeks in selling their plans to spend roughly $4 trillion on the infrastructure and on family programs? Some analysts suggested that the administration is essentially admitting that its proposed surge in federal spending — which administration officials hope to offset over time with higher taxes on the rich and corporations — won’t actually boost the economy much at all.
“They clearly don’t understand the implications of what they’re putting out,” said Richard Bernstein, founder of investment advisory firm Richard Bernstein Advisors. “The 2 percent trend is real [after inflation] growth. So, if they think there’s only going to be 2 percent trend real growth with a $4 trillion spend, then they must believe either the $4 trillion will be impotent or will result in a lot of inflation and therefore substantial nominal growth instead of real growth.” (MORE)
https://globalnews.ca/news/7901073/liber...f-commons/
INTRO: The Liberal MP who was caught naked on camera during a virtual House of Commons session last month says he is “stepping aside” from some of his parliamentary duties after being exposed once again. In a statement Thursday, William Amos said he was attending a virtual, non-public House session Wednesday evening when he urinated “without realizing I was on camera.”
The Pontiac, Quebec MP said he will be “stepping aside temporarily” from his committee assignments and his duties as parliamentary secretary to Industry Minister Francois-Philippe Champagne “so that I can seek assistance.”
He said he will continue to serve his constituents as MP in the Liberal caucus. “I am deeply embarrassed by my actions and the distress they may have caused anybody who witnessed them,” he said... (MORE)
(US community) Biden's budget blowout predicts years of Obama-level tepid growth
https://www.politico.com/news/2021/05/28...wth-491341
INTRO: President Joe Biden is selling his multitrillion-dollar spending proposals as the key to unlocking the power of the economy by pumping up productivity and drawing millions of Americans back into the labor force.
But the budget plan the White House unveiled on Friday projects economic growth of 2 percent or less per year for most of the next decade, after factoring in inflation. That’s not much different than the sluggish pace the U.S. endured in the decade after the financial crisis and Great Recession, a disappointing economic performance that damaged Barack Obama’s presidency.
So where is the “Build Back Better” economic revolution that Biden and White House officials have talked up in recent weeks in selling their plans to spend roughly $4 trillion on the infrastructure and on family programs? Some analysts suggested that the administration is essentially admitting that its proposed surge in federal spending — which administration officials hope to offset over time with higher taxes on the rich and corporations — won’t actually boost the economy much at all.
“They clearly don’t understand the implications of what they’re putting out,” said Richard Bernstein, founder of investment advisory firm Richard Bernstein Advisors. “The 2 percent trend is real [after inflation] growth. So, if they think there’s only going to be 2 percent trend real growth with a $4 trillion spend, then they must believe either the $4 trillion will be impotent or will result in a lot of inflation and therefore substantial nominal growth instead of real growth.” (MORE)