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NEWARK, N.J. (CBSNewYork) — Amid New York City’s rise in shootings and heated calls to defund the NYPD , a neighboring city is touting one of its safest years in six decades, and it credits a positive police and community relationship. “I love my city, and I see it changing for the better,” said William Latimore, with the Newark Community Street Team. READ MORE: Long Island Jewish Medical Center Marks 1-Year Anniversary Of 1st COVID-19 Patient With Ceremony Honoring Health Care Workers, Patients It’s a pride that can bring even the toughest guys to tears. After spending 14 years in prison, Latimore has become the change he wanted to see for Newark . “I’m working on maybe seven different conflicts that’s in the city,” he said. He’s a leading member of the Newark Community Street Team, which was formed six years ago under Mayor Ras Baraka . Aqeela Sherrills is the man in charge. “Many of our staff are credible messengers. They’re former gang members, ex-convicts, … [Read more...] about Community Street Team, De-Escalation Training Credited For Newark’s Decreasing Homicide, Violent Crime Rates

The 500,000 lives lost to COVID-19 is a sobering milestone symbolizing America’s failed, 50-state approach in combatting the pandemic. The absence of a cohesive national strategy by the prior administration, even over the most basic preventative public health measures to contain the virus, helped propel the U.S. to record the highest number of coronavirus cases and death toll of any nation in the world. For the living, the pandemic has revealed stark inequities in accessing the fundamental tools necessary to survive a crisis like this. The ability to stay connected, consume healthy food and receive important health-related services are at the top of the list. ADVERTISEMENT If there’s one clear takeaway from our year of COVID-19 it’s that reliable internet accessibility is now core to our essential infrastructure. When the pandemic shut down our schools and our ability to gather in person, strong internet connectivity enabled many to stay in touch with friends and … [Read more...] about Solving the unequal impacts of COVID-19

All economists agree that in the wake of the COVID-19 pandemic, the United States is engaged in a period of extraordinary monetary and budget policy experimentation. They also all agree that this experimentation is taking place at a time of a global “everything” equity price and credit market bubble of epic proportions. Where there is legitimate room for disagreement is in how the current economic policy experiment ends. While the Biden administration believes that this experiment will usher in a period of prolonged and stable economic growth, an influential group of distinguished economists, including former Treasury Secretary Larry Summers and former International Monetary Fund (IMF) chief economist Olivier Blanchard, believes that it will result in an unwelcome inflationary burst and another leg down in the economy. There is also the distinct possibility that inflationary fears will lead to higher interest rates that would burst today’s everything bubble. That, in turn, could … [Read more...] about Will excessive monetary and budget policy experimentation end in tears?

Hong Kong (CNN Business) China bucked the global recession in 2020, and in doing so narrowed the economic gap with the United States. Now it says it needs to pick up the pace this year. Premier Li Keqiang on Friday announced that China would target growth of more than 6% in 2021. While China emerged from the global downturn caused by the coronavirus pandemic on surer footing than any other major economy, it still only grew 2.3% in 2020. The new target is more than what China needs to accomplish to get back on track with President Xi Jinping's long-term goal for the economy. To reach Xi's plans to double GDP by 2035, China would need to grow a bit less than 5% this year, with similar growth through the next decade or so. But it's also still lower than what some observers would have liked to have seen for the world's second largest economy. Read More "China unexpectedly set a GDP growth target, but at a relatively low level," wrote Iris Pang, chief … [Read more...] about China sets GDP target of more than 6% in 2021

President Biden Joe Biden The West needs a more collaborative approach to Taiwan Abbott's medical advisers were not all consulted before he lifted Texas mask mandate House approves George Floyd Justice in Policing Act MORE is making some economists worried with his high-stakes gamble that a nearly $2 trillion COVID-19 relief package will give the economy a major boost without pushing up inflation into dangerous territory. The intensifying debate comes as the Senate is poised to pass the measure as early as this week, sending it back to the House for possible final passage next week. With the finish line in sight, some economists are sounding the alarm, particularly after financial markets signaled unease with the possibility of inflation on the horizon. “To say he’s taking a risk would be an understatement,” said Desmond Lachman, an economist at the right-leaning American Enterprise Institute and former deputy director at the International Monetary Fund. … [Read more...] about Inflation debate heats up over Biden relief bill