Gross domestic product

Fifth Third and UNC Kenan Institute Launch “Empowering American Cities” Initiative

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Business, Other Professional Services, Finance, Consulting, Banking, Fifth Third Bank, Growth, Knowledge, UNC, Research, University, FITB, City, Snapshot, Heart, Gross domestic product, Multimedia, Privately held company, UNC Kenan–Flagler Business School, EMAS, Commercial bank, Management

Fifth Third (NASDAQ: FITB) today announced the launch of Empowering American Cities, the outcome of a collaborative relationship with the Kenan Institute of Private Enterprise at the University of North Carolina at Chapel Hill.

Key Points: 
  • Fifth Third (NASDAQ: FITB) today announced the launch of Empowering American Cities, the outcome of a collaborative relationship with the Kenan Institute of Private Enterprise at the University of North Carolina at Chapel Hill.
  • Empowering American Cities delivers relevant, local economic information tailored for business leaders looking to grow their operations.
  • Empowering American Cities provides individually created dashboards, based on the Kenan Institute research for all EMAs.
  • “Through this relationship, the Kenan Institute and Fifth Third Bank will advance information and knowledge about America’s local economies,” said Jeff Korzenik, Fifth Third Commercial Bank chief economist.

Family-Owned Businesses Optimistic About Economy and Growth in 2024 and Plan for Increased Hiring and Employee Engagement

Retrieved on: 
Tuesday, March 19, 2024
Professional Services, Business, Small Business, Other Professional Services, Finance, Banking, Health, Attention, Organization, Environment, Partnership, CFOB, Research, Family, First Bank, GDP, Gross domestic product, Workforce

The U.S. economy is largely made up of family-owned or controlled companies, totaling 87% of American businesses.

Key Points: 
  • The U.S. economy is largely made up of family-owned or controlled companies, totaling 87% of American businesses.
  • “Family-owned businesses drive our communities, and the survey highlights their enduring strength, resilience, and innovative spirit on a day-to-day basis,” said Michael Dierberg, chairman of the board, First Bank.
  • The First Bank Center for Family-Owned Businesses was created in 2021 to expand focus and resources for family-owned businesses.
  • The Center offers tailored resources to serve the unique needs of family business members, online tools, webinars, and educational opportunities for family-owned businesses of all sizes.

Greenhouse Gas Emissions Are Dropping in Key Sectors, but California Still Not on Pace to Achieve 2030 Climate Goal as Emissions Rebound Following Lockdown

Retrieved on: 
Thursday, March 14, 2024
Public Policy, Government, Sustainability, Environment, State, Local, Environmental Issues, Climate Change, Green Technology, Research, Kilowatt-hour, Electricity, ZEVS, Natural gas, Public utilities commission, Lifting, Global warming potential, Climate, News, Transport, Wind, Carbon, Plant, Gross domestic product, Multimedia, CARB, CPUC, Economics, RPS, Total, CAISO, Renewable energy

If you look at the trajectory since 2010, California won’t meet our 2030 climate goal until 2047.

Key Points: 
  • If you look at the trajectory since 2010, California won’t meet our 2030 climate goal until 2047.
  • But overall, greenhouse gas emissions from passenger cars, heavy-duty trucks, and other vehicles were more than 10% lower in 2021 compared to 2019.
  • California’s cement plants account for two percent of total statewide carbon emissions and almost 10 percent of industrial emissions.
  • Despite light-duty vehicles emissions increasing 10.6% (+10.0 MMTCO2e) from 2020 to 2021, overall transportation emissions are trending downward in California.

Manufacturing PMI® at 50.3%; March 2024 Manufacturing ISM® Report On Business®

Retrieved on: 
Monday, April 1, 2024
Heated tobacco product, Customer, Commodity, Backlog, Drink, Growth, Transport, USB On-The-Go, Electronic Products, Business, Component, Employment, Order, Fiore, Acquisition, Rest, Wood, Overalls, Wind, Metal, Plastic, Semiconductor, GDP, Gross domestic product, Textile manufacturing, Optimism, CPSM, Appliance, Computer, Production

TEMPE, Ariz., April 1, 2024 /PRNewswire/ -- Economic activity in the manufacturing sector expanded in March after contracting for 16 consecutive months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.

Key Points: 
  • TEMPE, Ariz., April 1, 2024 /PRNewswire/ -- Economic activity in the manufacturing sector expanded in March after contracting for 16 consecutive months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.
  • (A Manufacturing PMI® above 42.5 percent, over a period of time, generally indicates an expansion of the overall economy.)
  • The Prices Index registered 55.8 percent, up 3.3 percentage points compared to the reading of 52.5 percent in February.
  • "The Supplier Deliveries Index figure of 49.9 percent is 0.2 percentage point lower than the 50.1 percent recorded in February.

NEW ANALYSIS SHOWS MEDICAID EXPANSION WOULD PROVIDE POWERFUL ECONOMIC STIMULUS FOR GEORGIA

Retrieved on: 
Monday, March 25, 2024
Health, Growth, Initiative, Health equity, Research, Restaurant, Gross domestic product

ATLANTA, March 25, 2024 /PRNewswire/ -- Georgia Health Initiative's new Issue Brief highlights key findings on the economic benefit of Medicaid expansion across business sectors and in every region of the state. These findings are informed by an economic impact analysis that was commissioned by the Initiative to study how expansion would affect the state's economy. According to the research, Medicaid expansion is projected to result in large-scale economic growth in Georgia. Across the initial three years of expanding the program, Georgia would see an average increase of more than 51,264 new jobs each year. On a yearly average, Georgia also would see a $9.4 billion increase in economic output, a $5.5 billion increase in gross domestic product, and a $3.6 billion increase in personal income.

Key Points: 
  • These findings are informed by an economic impact analysis that was commissioned by the Initiative to study how expansion would affect the state's economy.
  • According to the research, Medicaid expansion is projected to result in large-scale economic growth in Georgia.
  • Among the new jobs created through Medicaid expansion, the majority would be in business sectors outside of the healthcare industry.
  • "By commissioning new economic analysis, we now have updated data that project the economic impact of expansion to our state.

Dismal Budget Outlook Calls for Urgent Action

Retrieved on: 
Wednesday, March 20, 2024
Social Security, Concord Coalition, Ageing, Health care, CBO, News, Social, Concord, GDP, Gross domestic product, Multimedia, Medicare

WASHINGTON , March 20, 2024 /PRNewswire/ -- The Concord Coalition said today that the Long-Term Budget Outlook for 2034-2054, released by the Congressional Budget Office (CBO), is a grim reminder that political leaders have utterly failed to deal with known imbalances in the federal budget.

Key Points: 
  • WASHINGTON , March 20, 2024 /PRNewswire/ -- The Concord Coalition said today that the Long-Term Budget Outlook for 2034-2054, released by the Congressional Budget Office (CBO), is a grim reminder that political leaders have utterly failed to deal with known imbalances in the federal budget.
  • We have increased spending, cut taxes, and burdened the future with an unprecedented level of debt.
  • The main factors contributing to CBO's dire outlook are well known: population aging, rising healthcare costs, slowing workforce growth, and spiraling interest on the debt.
  • The share of the population aged 65 and older will grow from 17.8 percent this year to 22.3 percent in 2054.

Government of Canada appoints interim Chief Statistician

Retrieved on: 
Tuesday, March 19, 2024
Consumer, Statistics, Government, Assistant, Ottawa University, Statistics Canada, The Honourable, United Nations, Gross domestic product, Statistics Act, Economic statistics

Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced the appointment of André Loranger as interim Chief Statistician of Canada, replacing Anil Arora, who retires on March 31.

Key Points: 
  • Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced the appointment of André Loranger as interim Chief Statistician of Canada, replacing Anil Arora, who retires on March 31.
  • Mr. Loranger will remain in this role for six months, until the current process to appoint a new Chief Statistician of Canada is completed.
  • I am confident that André Loranger will fulfill the role of interim Chief Statistician as the Government of Canada seeks to fill this important position on a permanent basis.
  • – Anil Arora, outgoing Chief Statistician of Canada, Statistics Canada
    Mr. Loranger holds a Master of Arts (Economics) degree from Ottawa University.

Xsolis Becomes America's Health Insurance Plans (AHIP) Affiliate Organization Member

Retrieved on: 
Tuesday, March 19, 2024
Dragonfly, Communication, KLAS, Light, Health care, AI, AHIP, Gross domestic product, Machine learning, Medical device

FRANKLIN, Tenn., March 19, 2024 /PRNewswire/ -- Xsolis, the AI-driven technology company with a human-centered approach, fostering collaboration between healthcare providers and payers, has announced that it has joined America's Health Insurance Plans (AHIP) as a 2024 Affiliate Organization Member.

Key Points: 
  • AHIP Affiliate Membership reflects Xsolis' commitment to elevating health plan and provider collaboration, transparency, and objectivity of data with AI in utilization management
    FRANKLIN, Tenn., March 19, 2024 /PRNewswire/ -- Xsolis , the AI-driven technology company with a human-centered approach, fostering collaboration between healthcare providers and payers, has announced that it has joined America's Health Insurance Plans (AHIP) as a 2024 Affiliate Organization Member.
  • Healthcare spending has reached $4.5 trillion a year, representing more than 17% of the U.S. gross domestic product.
  • "With Xsolis' industry-leading use of AI to transform decision-making and provider-payer relations, our AHIP membership aims to accelerate health plans' abilities to deliver on those needs."
  • To learn more about how Xsolis enhances payer-provider collaboration, attend AHIP's upcoming webinar, Elevate Health Plan, Provider Collaboration with AI on March 26.

Telkomsel and Huawei Inaugurate Indonesia's First 5G Smart Warehouse and 5G Innovation Center

Retrieved on: 
Tuesday, March 19, 2024
Communication, Telkomsel, Internet of things, Resource management, BTS, Ministry of National Development, Bandung Institute of Technology, Empowerment, Huawei, Gross domestic product, Ecosystem, Safety, Telecommunications, Ministry, Warehouse, Government, Telkom University, ICT

JAKARTA, Indonesia, March 19, 2024 /PRNewswire/ -- Leading telecommunications provider Telkomsel and global ICT solutions provider Huawei have inaugurated Indonesia's first 5G Smart Warehouse and 5G Innovation Center in Bekasi Regency, West Java.

Key Points: 
  • JAKARTA, Indonesia, March 19, 2024 /PRNewswire/ -- Leading telecommunications provider Telkomsel and global ICT solutions provider Huawei have inaugurated Indonesia's first 5G Smart Warehouse and 5G Innovation Center in Bekasi Regency, West Java.
  • The inauguration ceremony was officiated by Mr. Long, CEO of Huawei Indonesia, and attended by dignitaries including Dr. Ir.
  • Ismail MT emphasized, "Huawei's 5G Smart Warehouse stands as both a wake-up call and a quintessential model for the ecosystem, demonstrating the immediate and seamless integration of 5G technology into digitalization efforts.
  • The 5G Smart Warehouse is a testament to the value that 5G technology can bring to traditional industries in Indonesia," he stated.

Telkomsel and Huawei Inaugurate Indonesia's First 5G Smart Warehouse and 5G Innovation Center

Retrieved on: 
Tuesday, March 19, 2024
Communication, Telkomsel, Internet of things, Resource management, BTS, Ministry of National Development, Bandung Institute of Technology, Empowerment, Huawei, Gross domestic product, Ecosystem, Safety, Telecommunications, Multimedia, Ministry, Warehouse, Government, Telkom University, ICT

JAKARTA, Indonesia, March 19, 2024 /PRNewswire/ -- Leading telecommunications provider Telkomsel and global ICT solutions provider Huawei have inaugurated Indonesia's first 5G Smart Warehouse and 5G Innovation Center in Bekasi Regency, West Java.

Key Points: 
  • JAKARTA, Indonesia, March 19, 2024 /PRNewswire/ -- Leading telecommunications provider Telkomsel and global ICT solutions provider Huawei have inaugurated Indonesia's first 5G Smart Warehouse and 5G Innovation Center in Bekasi Regency, West Java.
  • The inauguration ceremony was officiated by Mr. Long, CEO of Huawei Indonesia, and attended by dignitaries including Dr. Ir.
  • Ismail MT emphasized, "Huawei's 5G Smart Warehouse stands as both a wake-up call and a quintessential model for the ecosystem, demonstrating the immediate and seamless integration of 5G technology into digitalization efforts.
  • The 5G Smart Warehouse is a testament to the value that 5G technology can bring to traditional industries in Indonesia," he stated.