Tag Archives: plan

Bloomberg Bank of Canada Becomes First to Signal Exit From Stimulus (Bloomberg) — The Bank of Canada took the biggest step yet by a major economy to reduce emergency levels of monetary stimulus as it hailed a stronger-than-expected recovery from the pandemic.Policy makers led by Governor Tiff Macklem said Wednesday they would scale back their purchases of government debt by a quarter to C$3 billion ($2.4 billion) and accelerate the timetable for a possible interest-rate increase.The upbeat… Source link

Google’s plan to replace third-party cookies is–on one level–really quite brilliant. Google’s entire business depends heavily on the ability to track users in order to identify their interests, and then show them “personalized ads” based on their web activity. The third-party cookie is a huge part of that business, which means it makes sense Google would want to be leading the way on whatever replaces it. Cookies, if you remember, are little snippets of code that websites use to identify… Source link

David Beckham on Monday became the latest prominent soccer figure to oppose a controversial plan announced by 12 elite European clubs to create a breakaway “Super League.” [Related: The European Super League, explained] The plan, which would shake up the sport as we know it, has been widely criticized by almost everybody not in on it, including players, coaches, executives, politicians and fans. Beckham, who played for Manchester United, Real Madrid and AC Milan – three of the 12 Super League… Source link

Despite Republican opposition in Congress, majorities of Americans favor every key aspect of President Biden’s infrastructure plan, according to a new Yahoo News/YouGov poll. The survey of 1,649 U.S. adults, which was conducted from April 6 to April 8, found that most (51 percent) say they would support “another big legislative package to invest in America’s infrastructure and combat climate change”; far fewer (30 percent) say they would oppose it. Both Democrats (80 percent to 8… Source link

Google is investing $200 million in San Jose as a part of its Downtown West development, dedicated to preventing resident displacement and creating more economic opportunity for locals critics say will be forced out by rising rents. San Jose and Google released their much-anticipated development agreement Tuesday, a nearly 500-page document outlining the legal obligations of the two entities and how the tech giant will invest its millions. “In contrast to some large employers’ attempts… Source link

President Joe Biden is set to unveil a $2 trillion economic recovery plan on Wednesday afternoon, which includes raising the corporate tax rate from 21% to 28% to help pay for a massive overhaul of America’s infrastructure. The proposal, called the American Jobs Plan, is the first of the two economic recovery plans the administration plans to roll out in the coming weeks. Biden will detail the first plan focusing on the infrastructure overhaul on Wednesday in Pittsburgh and the second plan… Source link

By Fanny Potkin, Aradhana Aravindan SINGAPORE (Reuters) – Facebook said on Monday it planned two new undersea cables to connect Singapore, Indonesia and North America in a project with Google and regional telecommunication companies to boost internet connection capacity between the regions. “Named Echo and Bifrost, those will be the first two cables to go through a new diverse route crossing the Java Sea and they will increase overall subsea capacity in the trans-pacific by about 70%,”… Source link

Bloomberg Turkey Says April Rate Cut Shouldn’t Be Taken for Granted (Bloomberg) — Turkish central bank Governor Sahap Kavcioglu said markets shouldn’t take for granted that he’ll cut interest rates as soon as April, when he sets monetary policy for the first time since his surprise appointment.“I do not approve a prejudiced approach to MPC decisions in April or the following months, that a rate cut will be delivered immediately,” Kavcioglu said in a written response to questions… Source link

An ambitious plan promising to transform the North Bayshore area into a “sustainable mixed-use community” of new homes, parks, restaurants, services and jobs is one step closer to realization following Mountain View City Council approvals March 23. Council members unanimously approved Google Inc.’s request for 1.3 million square feet of nonresidential bonus floor area ratio (FAR) to help develop a master plan to repurpose the company’s properties to include office space, housing,… Source link

“I believe a lasting economic recovery will come from local communities, and the people and small businesses that give them life,” Sundar Pichai, CEO of Google and its parent company Alphabet, said in a news release. “Google wants to be a part of that recovery. That’s why we plan to invest over $7 billion in offices and data centers across the U.S. and create at least 10,000 new full-time Google jobs in the U.S. this year.” Source link