Opinion | Wonking Out: Biden Should Ignore the Debt Limit and Mint a $1 Trillion Coin

Untoxicating Drinks for Sober October

Julia Rothman is an illustrator. Shaina Feinberg is a writer and filmmaker. Both live in Brooklyn.

Frequency Electronics Up 17% In Pre-market On Bagging US Govt. Order

Shares of New York – headquartered Frequency Electronics (FEIM) have risen almost 17 percent in pre-market trade after it announced the award of a contract by the Office of Naval Research, to develop the Pulsed Optically-Pumped Rubidium Atomic Frequency Standard (POPRAFS) for US Government applications.

POPRAFS is a very high performance, high stability atomic clock that offers substantially better accuracy and holdover for critical government and other applications that demand that level of performance.

The total potential contract value, if all options are exercised, is approximately $17.75 million. The base period of performance is two years, with two option periods of two years and one year, respectively.

Frequency Electronics, Inc. is engaged in the design, development and manufacture of high precision timing, frequency generation and RF control products for space and terrestrial applications.

FEIM has traded in the range of $8.82 to $13.06 in the 52-week period. It is currently trading in pre-market at $11.25, up $1.70 or 17.80 percent from previous close.

States Where the Most People Are Vaccinated

The rapidly spreading delta variant is fueling a surge in new cases of COVID-19 and adding urgency to the vaccination effort. So far, an estimated 185,265,610 Americans have been fully vaccinated, or 56.6% of the population.

Some states are proving more effective than others in getting their residents vaccinated. Depending on the state, the share of the population that has been fully vaccinated ranges from as low as 40.1% all the way up to 69.1%.

Due in large part to vaccine hesitancy and resistance, millions of doses are currently sitting idle under the purview of state governments, yet to be administered. As of Sept. 28, only about 82.8% of the 472,646,100 doses of the vaccine that have been distributed to the 50 states and Washington D.C. have been administered. In one state, only 52.0% of delivered doses have gone into the arms of residents.

Meanwhile, the virus continues to spread. In total, there have been 13,036 known infections for every 100,000 people nationwide.

Harris ‘optimistic’ House will pass $1 trillion bipartisan infrastructure bill

Kamala Harris hires crisis communications experts after string of ‘missteps’

‘Outnumbered’ panel blasts the vice president for adding crisis communications directors to her staff rather than making efforts to address crises.

Vice President Kamala Harris said Thursday she’s “optimistic” the House will pass a $1 trillion bipartisan infrastructure bill despite promises by progressives to block it unless it moves in tandem with the party’s $3.5 trillion reconciliation bill.

The vice president weighed in on the vote after arriving on Capitol Hill Thursday to break a tie on President Biden’s nominee to lead the Bureau of Consumer Financial Protection, Rohit Chopra.

Asked what it will mean for the party if the bipartisan infrastructure bill, which already passed in the Senate, doesn’t pass the House, Harris responded, “I’m optimistic it will get done.” 

Her comment echoed those made earlier Thursday by Speaker Nancy Pelosi, D-Calif., who said Democrats were “on a path to win the vote.” Politico reported that Pelosi is forging ahead with her plan to bring it to a vote later Thursday.

Progressive House Democrats have vowed to oppose the infrastructure bill unless the party’s $3.5 trillion reconciliation package also passes.

Equifax Completes Acquisition Of Appriss Insights

Equifax (EFX), a global data, analytics, and technology company, on Friday said it completed the acquisition of Appriss Insights, a provider of comprehensive risk and criminal justice intelligence products and solutions.

Appriss Insights provides data used in public and workplace safety, law enforcement, corporate investigations, fraud detection and prevention, and healthcare sanctioning and credentialing.

The acquisition expands Equifax relationships with employers, background screeners, and state and federal government agencies – furthering the company’s penetration into the $5 billion U.S. talent acquisition market and the $2 billion U.S. government social services delivery market, the Atlanta-headquartered firm said in a statement.

Appriss Insights, an Equifax company, is now part of the Workforce Solutions business unit. Appriss Insights President Brian Matthews has assumed the role of Senior Vice President and General Manager of the new Louisville, Kentucky-based division of Equifax Workforce Solutions.

Herald morning quiz: October 2

Test your brains with the Herald’s morning quiz. Be sure to check back on nzherald.co.nz at 3pm for the afternoon quiz.

To challenge yourself with more quizzes, CLICK HERE.

Opinion | Wonking Out: Biden Should Ignore the Debt Limit and Mint a $1 Trillion Coin


By Paul Krugman

Opinion Columnist