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Michael Hiltzik: Disaster work in state and local recruitment

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Michael Hiltzik: Disaster work in state and local recruitment

There are several reasons why President Trump had to refrain from congratulating himself last week after government figures showed an unexpected increase of 2.5 million jobs in May.

One of them is that the increase is hardly on the big picture. More than 22 million jobs were lost in March and April, mostly due to coronavirus locking; that is more than 14% of all nonfarm jobs that existed at the end of February.

But the most important reason for not celebrating is hidden in public reports. Jobs by state and local governments have fallen off cliffs.

No country will escape the financial black hole created by this crisis.

Mark Zandi, Moody’s Analysis

The employment report released June 5 by the Bureau of Labor Statistics showed that state and local government employment fell by 571,000 jobs in May. The previous month, the loss was 964,000, with a total of two months losing 1.535 million public sector jobs.

And the catastrophe may have just begun. Estimates of the magnitude of deficits faced by state and local governments by 2022 from a combination of increased public health spending to combat the corona virus and declining income due to continued economic closure and echoes range from the terrible $ 500 billion to 2022 to the fiscal year cataclysmic $ 959 billion until the end of next year.

(The first estimate is offered by Mark Zandi, chief economist at Moody’s Analytics; the second by Timothy J. Bartik from W.E. Upjohn Institute for Employment Research.

“No country will escape the financial black hole created by this crisis,” Zandi told CNN last month.

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Some states, such as Texas and Oklahoma, suffer greatly from falling oil prices, which help sustain their economies. But every country has to face shortages in personal income taxes that come from layoffs and leave, and sales taxes because people cannot leave their homes to shop at shops, go to restaurants and stay in hotels.

This situation demands congressional action. “They face huge shortcomings, and there aren’t too many ways to overcome them,” economists said Dean Baker from the Center for Economic and Policy Research tell me. “Their money is mostly used to recruit people. If Congress doesn’t make a lot of money, they will be hit very hard. “

He’s right. Unlike the federal government, states and regions cannot print money to cover deficits. They are generally asked to maintain a balanced budget, so when a deficit occurs, their only choice is to cut salaries.

The relationship between the fiscal health of state and local governments and the national economy is symbiotic. As a rule of thumb, each percentage point increase in the national unemployment rate costs the state budget around $ 45 billion, according to the Brookings Institution.

(The decline in the unemployment rate to 13.3% from the 14.7% reported by BLS on June 5 was based on the “misclassification” of temporary temporary workers as unemployed. Supporting the error, the employment rate was 16.3%.)

Job loss and job acquisition: An increase of 2.5 million jobs in May praised by President Trump can be seen as a rise at the far right, small in relation to large losses in the previous two months. Gray bands signify a recession.

(Bureau of Labor Statistics)

Looking at things in the opposite direction, history tells us that hiring state and local governments is the key to keeping the current recession from turning into depression.

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The best evidence for how bound state and local governments can become obstacles to growth comes from the 2008-2009 recession, when they became hard without stopping “Anti-stimulus machine,” observing Josh Bivens from the Economic Policy Institute.

If state and local spending matches the trajectory that was followed during the recovery from the recession of the early 1980s, “the pre-recession unemployment rate could be achieved in early 2013 rather than 2017,” Bivens calculated. “In short, these savings delay recovery more than four years. “

Closing the income gap with federal assistance will save as much as 6 million jobs by the end of 2021, Bivens added, putting the US back on the path to full employment enjoyed before the coronavirus pandemic.

Despite all that, Republicans in Congress initially expressed a refusal to provide states and localities with great assistance. As we reported earlier, Senate Majority Leader Mitch McConnell (R-Ky.) Downgrades the idea of ​​more money for state and local governments as “blue state bailouts,” citing the public pension policies of large countries.

This analysis is pleasing to the gallery of right-wing ideologists who have been passionate about taking pictures of civil servants. But it is wrong. The truth is that some of the largest snouts in the federal trough have long been red states – including the state of McConnell in Kentucky, which gets $ 2.35 back from the federal government for every dollar sent to Washington, the country’s best return.

McConnell has since made more moderate voices about federal aid, too. “This is not partisan,” Jared Bernstein of the Center for Budget and Policy Priorities and former chief economist for the time – Vice President Joe Biden told me via email. The Republican Governor “legally asked for McConnell’s help – but what form and how much to look at.”

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That will be the next battle. If aid is allocated by the population, Baker noted, it will harm blue countries with large populations but more COVID-19 cases even as part of their population.

“I believe the Republican intention is to fill many gaps,” but if Congress comes up with, say, only two-thirds of what is needed, it will leave a deficit in the hundreds of millions of dollars.

What is really needed may be a multi-year program that convinces state and local governments that assistance will remain available more than one year from now, when the impact of the pandemic may still be felt.

But McConnell and Trump are not known as long-term thinkers or planners. “From a political standpoint, maybe the best thing is to get every penny you can now and hope that you get a Democrat in the White House and come back in January with some long-term plans.”

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Algeria interested in Portuguese companies investing in renewable energy – Observer

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Algeria interested in Portuguese companies investing in renewable energy - Observer

Foreign Minister João Gomes Cravinho met this Wednesday with his Algerian counterpart Ramtan Lamamra, who expressed interest in Portuguese companies investing in Algeria’s solar and wind energy.

Speaking with Lusa, João Cravinho also said that for 2023 it was decided to hold a “high-level meeting chaired by the prime ministers” of the two countries, a meeting to be held in Algiers, in addition to the state visit of the President of Algeria. Algeria to Portugal.

The Portuguese foreign minister said today’s visit to Algeria, where he was with Ramtan Lamamra, whom he has known since 2005 when he was ambassador to Lisbon, is “based on old knowledge”, but also a visit to a country that “does not to be a neighbor”, shares “a lot of fears”. “Not being a neighboring country, it almost shares many concerns about the region, the Mediterranean, the European Union’s relationship with Africa and the Arab world. It was important for us to talk about what we can do together as part of the geopolitical and geo-economic transformation,” he explained.

João Cravinho stressed that the issue of Russia’s invasion of Ukraine was a factor “which could not but be the subject of dialogue”, and also added that “geo-economic issues related to energy, renewable energy sources and the opportunities that come with the digital transition” also were on the table.

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“While Algeria is a major exporter of fossil fuels, it is also a country with huge potential in terms of solar and wind energy. We have very qualified companies in these areas, and the Algerian side has expressed interest in [ter] Portuguese investors in these areas,” the minister said.

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The official said that it would be a matter of working with the Portuguese Agency for Investment and Foreign Trade (AICEP), with the Secretary of State for Internationalization, as well as with a sectoral ministry, namely the Ministry of Environment and Climate Change. A “high-level meeting chaired by the prime ministers” of the two countries is scheduled for 2023, a meeting to be held in Algiers, in addition to the Algerian President’s state visit to Portugal.

“We have a very busy calendar between the two countries. Now we will try to organize a mixed commission, where technical specialists from both countries will gather,” he said, stressing that there are “14 legal documents that are practically finalized and will be signed” in 2023.

João Gomes Cravinho was on a visit to Algiers today to assess bilateral relations in the economic sphere, as well as in terms of cooperation, language and culture, and to discuss international issues.

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PORTUGUESE PARACHET JUMP IN THE NETHERLANDS

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PORTUGUESE PARACHET JUMP IN THE NETHERLANDS

Members of the Airborne Operational Battalion of the Parachute Regiment of the Portuguese Army during the annual Falcon Jump exercise on September 17, 2022 over the Ede launch zone, 18 km west of Arnhem, in the province of Gelderland, the Netherlands. A Portuguese skydiver is equipped with a SPEKON RS 2000 parachute from the German manufacturer SPEKON Sächsische Spezialkonfekion GmbH. Above him are US paratroopers with T-11 parachutes.

Photo by M. Bienik | 6 barrels per day

The annual Falcon Leap 2022 exercise, based in Eindhoven, in the south of the Netherlands, took place from 5 to 16 September 2022 in the Netherlands and Belgium. During the first week, the exercise focused on cargo drop operations, and the second week focused on drop operations. It was attended by more than 1 thousand soldiers representing 13 countries, including Portugal, with the participation of the Operational Detachment of 22 soldiers from the Airborne Operational Battalion of the Parachute Regiment of the Ground Forces.

The exercise officially ended on September 17, 2022, commemorating the 78th anniversary of Operation Market Garden, which began on the same day in 1944, during World War II, as part of the largest airborne operation in which more than 40,000 troops serving in the 1st Airborne Division of Great Britain, the 1st Independent Parachute Brigade of Poland, the 101st and 82nd Airborne Divisions of the United States of America. These commemorations were marked by the launch of paratroopers over the original drop zones of the Operation.

The photo was taken by the Polish soldier M. Benek, seconded to the 6th Airborne Brigade (BPD) – Brigadier General Stanisław Sosabowski, a unit that is the result of the historical legacy of the 1st Separate Polish Airborne Brigade, which jumped during the operation ” Bazaar Garden “, in 1944 under the command of General. Stanislav Sosabovsky – whose name is a suffix (as patron) of the current unit.

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Article published in partnership with “Espada & Escudo”

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Luana Piovani goes to Portugal’s Golden Globes with her boyfriend

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Luana Piovani goes to Portugal's Golden Globes with her boyfriend



Luana Piovani

Photo: Instagram/@luanapiovani/Famous and Celebrities

This Sunday, the 2nd, actress Luana Piovani went to the Portuguese Golden Globes along with her boyfriend Lucas Bittencourt. In her Instagram, the actress praised the outfits they were wearing.

Ready for the Golden Globes. Great guy. We are very, very luxurious, my love,” said Luana. While Lucas was wearing a black suit, she was wearing a short white lace dress with green accents at the waist.



Luana Piovani at the Golden Globes.  -

Luana Piovani at the Golden Globes. –

Photo: Instagram/@luanapiovani/Famous and Celebrities

“Long live the Golden Globes and long live you, my love, who accompanied me and constantly gave me a hand, because I have very high heels and I have a problem knee,” the actress shared.

Luana Piovani revealed the reason for the breakup with Pedro Scooby

Actress Luana Piovani finally revealed the real reason behind his breakup with surfer and former BBB Pedro Scooby. In the documentary “A Vida é Irada, Vamos Curtir”, the actress recalled the tense moment they went through due to the inattention of the athlete, which eventually became the trigger for the divorce.

While they are traveling with their family, Pedro forgot to extend their stay, leaving Luana with nowhere to go with her children and several problems to deal with. “I had to leave before 13:00 the next day because the property was already rented out. With three children and twelve suitcases, Luna remembered. “When I hung up, I took the ring off my finger, put it on the table and said, ‘My marriage just ended.’ indicated.

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