All articles tagged with #economic benefits
Emergency vaccination efforts over the past 25 years have reduced deaths from diseases like cholera, Ebola, and measles by nearly 60%, prevented millions of infections, and generated approximately $32 billion in economic benefits, highlighting the critical role of vaccines in global health security.
A comprehensive study shows that emergency vaccine roll-outs for diseases like Ebola, measles, cholera, yellow fever, and meningitis have reduced deaths and infections by about 60% over 23 years, prevented larger outbreaks, and generated economic benefits worth around $32 billion, highlighting the critical importance of rapid vaccination responses and funding for programs like Gavi.
Pactiv Evergreen has agreed to sell its Waynesville and Pine Bluff facilities to Suzano, a global paper and pulp producer, for $110 million. The deal is expected to bring economic benefits and job opportunities to the Waynesville area, which was impacted by previous mill closures. The sale is anticipated to be finalized in the fourth quarter of this year.
The Treasury Department has released a comprehensive report on the benefits of labor unions to the U.S. economy. The report highlights that unions play a crucial role in addressing challenges faced by the middle class, such as stagnant wages and high housing costs. It finds that unions raise wages by 10 to 15 percent, improve fringe benefits and workplace procedures, and contribute to financial stability and worker well-being. Unionization also has spillover effects, benefiting nonunionized workers and reducing race and gender wage gaps. Additionally, unions contribute to economic growth and resilience by reducing overall inequality and improving working environments. The Biden-Harris Administration is taking steps to strengthen unions, including prioritizing the passage of pro-union legislation and appointing officials committed to protecting workers' rights.
The Kansas City Royals have shared renderings for their proposed new stadium, narrowing down the search to two locations: the East Village in downtown Kansas City and North Kansas City. The team aims to select the final location by the end of September. Along with the renderings, the Royals released an economic study highlighting the potential benefits of the new stadium district, including increased revenue, job creation, and economic output.
Amazon has opened the first phase of its new headquarters, known as HQ2, in Virginia with a ribbon-cutting ceremony. The tech giant plans to bring 25,000 highly paid tech workers to the site, which has been called Metropolitan Park or Met Park for short. More than 8,000 employees have already been hired, and the company has tripled street-level retail in the neighborhood, added a 2.5-acre public park, and introduced a new name for the area: National Landing. The move has been controversial, with concerns about housing costs, remote work, and the contraction of the tech industry.
Erie County officials, New York State, and the Buffalo Bills have reached a $1.54 billion deal to build a new stadium for the NFL team, with $850 million in public money. The billionaire owners of the team will cover the remaining cost. County lawmakers have 30 days to approve or reject the proposal. Critics argue that taxpayer money could be better spent on public services, but officials claim the project will generate vital economic activity in Western New York and keep a cherished source of local pride from moving elsewhere. The deal includes sweeteners for various parties, such as a suite for Erie County and a requirement for the Bills to invest in the surrounding community.
The White House Council of Economic Advisers has released a report criticizing the cryptocurrency industry, stating that crypto assets offer no widespread economic benefits and are largely speculative investment vehicles. The report also notes that crypto assets are too risky to function as payment instruments or to expand financial inclusion. The White House suggests that no new laws are needed, as much of the activity in the crypto asset space is covered by existing regulations. The Blockchain Association expressed disappointment with the report, while Senator Cynthia Lummis pushed back against it, stating that Bitcoin is a commodity with economic value.