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Federal infrastructure act funding can help prevent North Bay wildfires

Bay Area elected officials gathered Saturday in Santa Rosa with House Speaker Nancy Pelosi, firefighters and community members to announce billions of dollars of funding for wildfire prevention in the recently passed $1 trillion federal infrastructure package. ....

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Brazil Went All-In on Covid Stimulus But Let the Virus Run Wild


Brazil Went All-In on Covid Stimulus But Let the Virus Run Wild
Bloomberg
3/16/2021
Andrew Rosati and Martha Beck
(Bloomberg) Brazil spent more money shielding its economy from the pandemic slump than almost any other emerging nation, and quite a few wealthier ones too. It put much less effort into containing the pandemic itself.
That combination is putting the country’s economic policy under growing strain. It’s one reason why Brazil is poised to become the first Group of 20 country to raise interest rates this year. The central bank, which just a few weeks ago was talking about keeping its benchmark at a record-low 2% for a while yet, is now expected to hike it by 50 basis points Wednesday. ....

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Southwest Airlines reports first loss in 48 years


Southwest Airlines reports first loss in 48 years
CNN
1/28/2021
By Chris Isidore, CNN Business
© Patrick T. Fallon/Bloomberg/Getty Images
Bloomberg Best of the Year 2020: Southwest Airlines Co. aircraft sit in storage during the Covid-19 pandemic at a field in Victorville, California, U.S., on Monday, March 23, 2020. Photographer: Patrick T. Fallon/Bloomberg via Getty Images
The last time Southwest Airlines posted an annual loss was 1972, when it was a small upstart airline flying a handful of planes on Texas-only routes.
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Until Thursday, that is.
Southwest reported it lost a record $3.5 billion in 2020, excluding special items, as the Covid-19 pandemic brought airline traffic to a near halt and it was forced to ground many of its jets due to lack of business. Revenue for the year plunged $13.4 billion, or 60% to $9 billion for the year. ....

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