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Covid-19 stimulus, and how Biden learned to go big on the economy


President Joe Biden appears ready to do what it takes to get the American economy back to full capacity and then some.
Biden has proposed a $1.9 trillion Covid-19 relief package to help steer the economy through the pandemic, and he’s planning to propose a second spending package one with an even heftier price tag that invests heavily in infrastructure, climate, and caregiving. His administration is focusing on those most in need, and is even willing to run the economy a little hot for a while to get the gears churning.
“What gives me the most hope is that he’s given every indication of understanding the urgency of this moment,” Sen. Elizabeth Warren (D-MA) told Vox in a recent interview. She said Americans are “asking for a government that steps up and helps deal with our health care problems, our economic problems, and our race problems.” ....

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As Biden Issues Groundbreaking Climate Orders, Activists Push to Ban Fracking


As Biden Issues Groundbreaking Climate Orders, Activists Push to Ban Fracking
President Joe Biden prepares to sign executive orders after speaking about climate change issues in the State Dining Room of the White House on January 27, 2021, in Washington, D.C.
Anna Moneymaker-Pool / Getty Images
On Wednesday, the Biden administration delivered a second surge of orders responding to activist demands to address the climate emergency head-on at every level of the federal government. Like no mandate a U.S. president has signed off on before, the Executive Order on Tackling the Climate Crisis at Home and Abroad lays out a plan to measure and mitigate pollution that has disproportionately harmed low-income, Black, Indigenous and other communities of color living on the fence lines of industry for decades. It is a government-wide attempt to avert the most catastrophic impacts of the climate crisis and build a more vibrant and equitable society that acknowledges the legacy of ....

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BlackRock's Big Problem Responds to Larry Fink's 2021 Letters - Friends of the Earth


BlackRock’s Big Problem Responds to Larry Fink’s 2021 Letters
BlackRock’s Big Problem Responds to Larry Fink’s 2021 Letters
January 26, 2021
BlackRock continues steps in the right direction, but falls short of the visionary leadership needed
WASHINGTON- Today, BlackRock released CEO Larry Fink’s annual letter to CEOs as well as a letter to its clients. The letters spelled out the next steps the world’s largest asset manager will be taking to address the climate crisis. With close to $9 trillion in assets under management, BlackRock has expansive power and responsibility to push for a sustainable future. While today’s letters indicated several steps in the right direction for the financial giant, it falls short of the visionary financial leadership that is needed to meet the scale and urgency of the climate crisis. ....

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Biden poised to break with Brown, progressives in picking top bank cop


Biden poised to break with Brown, progressives in picking top bank cop
POLITICO
1/22/2021
By Zachary Warmbrodt
© Alex Wong/Getty Images
President Biden s planned selection of Michael Barr to lead the Office of the Comptroller of the Currency marks a break from Sen. Sherrod Brown (D-Ohio).
President Joe Biden s expected nomination of a former Obama Treasury Department official to regulate national banks is triggering fierce opposition from progressive activists, who say the president s choice is too closely tied to the finance industry.
Biden s planned selection of Michael Barr to lead the Office of the Comptroller of the Currency also marks a break from Sen. Sherrod Brown (D-Ohio), who is in line to chair the Senate Banking Committee, which will vet the nomination. Brown has been advocating for a competing candidate, law professor Mehrsa Baradaran, an expert on the racial wealth gap who has called for the delivery of banking servic ....

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