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Lessons in Political Economy for the 21st Century – Jornal Económico



To commemorate his 100-day tenure as president, Joe Biden presented a proposal to bring the top tax rate for the richest 1% of the population back to 39.6%, restoring the value that was practiced during the George W. Bush presidency and opposing Trump, who lowered the rate. up to 37%.

Biden justifies this measure, arguing that he will contribute to funding a number of others that are part of his recovery plan and are based largely on supporting the American middle class, giving him a clear idea of ​​what economic and political policy priorities should be. In addition, he announced that he intends to increase corporate income tax (equivalent to our IRC) from 21% to 28% in order to increase capital gains and inheritance taxes.

This policy represents a clear break with previous political discourse based on the idea that those favorable to Americans would be taxed less.

Like most Americans, Biden is mostly pragmatic. He is not afraid to assume that he has a problem and that it should be attacked with all available means, even if they contradict what the average American is trying to defend, such as government intervention. Perhaps this iconoclasm is the basis of the current unexpected wave of support for his Keynesian politics, which even the most liberal commentators have been able to test.

Biden teaches the world in general and Europe in particular a lesson in political economy, laying the foundations Welfare stateso purposefully drowned out by years of persistent repetition of the ideals of liberalism. ABOUT American family plan restores, in all letters, the primacy of the welfare state, defining a set noble goods what modern government is obligated to provide.

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Its commitment to free childcare and tuition fees, sick leave subsidies and family support, tax incentives for parents, in addition to rebuilding destroyed public transport and creating public housing, demonstrate a recognition of the importance of the family as an economic engine. rebuilding both labor and the driving force of demand.

In the antipodes of Trump, it is revealed once again that he humiliated every American citizen, seeing him as a victim of a system in which he himself acted at his own will and took advantage of the advantage to achieve success, inciting hatred against differences in order to mask his inefficiency. problems with which he was chosen to fight.

Following Roosevelt’s path, the new vision of American politics combines traditional public investment in physical capital with investment in human capital where it is needed most. So this is a middle-class revival plan that finally has the courage to suggest that inequality should replace inflation as a macroeconomic policy priority. The plan is so unusual that Biden is most likely pursuing the reforms that the more radical Bernie Sanders would like to carry out, or, even more likely, that Bernie Sanders would not have had a sufficient political framework to carry it out.

In his attempt to restore the image of the United States as a world leader serving as a model country, Biden goes further, daring to propose an international development plan that includes the abolition of vaccine patents to ensure international immunity. a proposal that was looked upon with curiosity with suspicion on this side of the Atlantic).

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This side of his project is perhaps too ambitious, because with political circuits that he does not control so well, but this is the plan of those who admit that they only lead when the well-being of economic partners is guaranteed. This reflects the perception that America’s dynamics will also be highly dependent on global demand, which will only be fully satisfied when the planet as a whole returns to normal.

ABOUT time in which it happens when India is facing a very serious health crisis as a result of Covid-19, it also demonstrates sensitivity to the importance of Asia in the dynamics of global growth in the coming decades, once again contrasting with its conflicting predecessor and setting, in a significant way, an example to the world.

What’s praiseworthy about Biden is exactly what is by default a sin on the old continent. Europe continues to be shy when it comes to deepening a bold old plan that was confirmed 71 years ago by the Schumann Treaty and laid the groundwork for its integration project.

With a lack of perspective and pride, Europe seems to forget that the strength of its supranational project lies in promoting the well-being of its citizens. Given the historical uniqueness of the moment he is experiencing, perhaps this time his superiority could be shown by showing humility to learn the lessons that come to him from the other side of the Atlantic.

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The dollar continues to reflect the political scenario



The dollar continues to reflect the political scenario

Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!

Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.

Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.

The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.

Yesterday, the spot price closed the selling day at R$5.3103.

For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!

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Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.



The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.

Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.

No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.

Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.

Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.

The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.

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The EU has reached a political agreement on limiting gas prices – 19.12.2022



Germany sentenced Russian to life imprisonment for political murder by order of Moscow - 12/15/2021
BRUSSELS, DECEMBER 19 (ANSA). European Union countries reached a political agreement on Monday (19) to impose a natural gas price ceiling of 180 euros per megawatt hour (MWh). The main sources of income for Russia and the minimization of the use of energy as a weapon by the regime of Vladimir Putin.

The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .

The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.

Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.

The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.

Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.

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“This is a victory for Italian and European citizens who demand energy security,” he added.

Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.

However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).

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