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Massachusetts Governor on Research Funding, Harvard, Tariffs
Bloomberg Television· 2025-08-01 18:30
Economic Development & Investment - Massachusetts aims to reinforce its position as a global hub for innovation, entrepreneurship, science, and research by leveraging public investment in research with additional private funding [2][3] - The investment in research is expected to act as a catalyst for job creation across various sectors, including construction, real estate, hospitality, restaurants, and retail [5] - Massachusetts faces competition from China in attracting and retaining scientists and researchers, emphasizing the need to keep talent within the state and contribute to American GDP and global dominance [6] - The state government acknowledges the need to compensate for potential funding uncertainties from the federal government by proactively investing in research and development [2][7] Trade & Tariffs - Tariffs are viewed as taxes that can negatively impact key sectors, such as housing, due to increased lumber costs from Canada [13] - Massachusetts exported $3 billion in goods to Canada in 2024, highlighting Canada as the state's third-largest trading partner [13] - The current administration's tariff policies are causing uncertainty, hindering capital deployment and potentially diverting investment away from the United States [17] - Tourism in New England has experienced a decline of 20-60% due to the treatment of Canadian visitors [21] Political Landscape - Concerns are raised about efforts to weaponize governmental bodies against universities, potentially silencing critics and undermining academic freedom [11] - The governor expresses concerns about redistricting efforts in Texas, emphasizing the importance of fair representation [25][26]
US Adds 73,000 Jobs in July, Unemployment Rate Rises to 4.2%
Bloomberg Television· 2025-08-01 12:57
We got a very disappointing number here that this is going to get Wall Street's attention. 73,000 jobs created during the month of July. The forecast, as you said, was for 104, and we came down from 147 last month.Looking to see what the revisions are right now. The three month revisions add to payrolls by 35,000. So that has to be factored in.Private payrolls, 83,000. They were 74,000 last month. So it looks like government has subtracted from the overall level of jobs and that would be a rebound or a goin ...
Africa's Luxury Tourism Draws Investors' Interest
Bloomberg Television· 2025-07-26 07:00
Talk us through what is driving Africa's luxury hotel boom and why there is so much interest all of a sudden to get involved when the banks are stepping out. Thank you so much. So.Africa is on the cusp of a boom in luxury tourism, and that's partly driven by a change in sentiment after the pandemic. Now people are travelling for wellness. They also want once in a lifetime and bucket list experiences.And Africa has that in loads and bounds, especially when it comes to encounters with wildlife and conservatio ...
X @The Wall Street Journal
Economists expect stronger growth and job creation, lower risk of recession and cooler inflation than they did three months ago, according to a Wall Street Journal survey https://t.co/MkBHKWlFX8 ...