Biden to name diverse economic team, with three women in top roles to help build recovery

President-elect Joe Biden is set to formally name key members of his economic team on Monday, with the long-expected announcement of Janet Yellen as Treasury Secretary, CNN has learned, along with two other women in top roles on a diverse team that will help him navigate the nation’s punishing fiscal headwinds in hopes of building an economic recovery.



Joe Biden wearing a suit and tie: President-elect Joe Biden speaks at The Queen theater Wednesday, Nov. 25, 2020, in Wilmington, Del.


© Carolyn Kaster/AP
President-elect Joe Biden speaks at The Queen theater Wednesday, Nov. 25, 2020, in Wilmington, Del.

He is expected to name Neera Tanden to lead the Office of Management and Budget, two people familiar with the appointment said, elevating Tanden, the CEO and president of the left-leaning Center for American Progress, into the top ranks of his administration.

He’s poised to name Cecilia Rouse, a Princeton economist, to lead the Council of Economic Advisers, which would put another Black woman in a high-profile role of Biden’s top advisers. Rouse served on the council during the Obama administration.

Among the barrier-breaking nominees Biden is announcing is Adewale “Wally” Adeyemo, president of the Obama Foundation in Chicago, for deputy Treasury Secretary, serving under Yellen. If confirmed, he would be the first Black deputy Treasury Secretary. Yellen, if confirmed, would be the first woman to serve as Treasury Secretary.

Adeyemo served on the National Economic Council of the Obama administration and last fall was named as the first president of the Obama Foundation.

The Wall Street Journal first reported on Biden’s expected economic picks.

The announcements are expected to be made Monday in a statement, officials said, with the team set to be formally introduced by Biden during an event Tuesday at his transition headquarters in Wilmington, Delaware.

RELATED: Here’s who could serve in top roles in the Biden administration

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The economic team is among the most critical pieces of the new administration, whose successes or failures will play a large role in determining the course of the Biden presidency.

Biden is also still set to name the leader of the National Economic Council, officials said, as well as United States Trade Representative, the Consumer Financial Protection Bureau and other posts.

It is unclear whether Biden will name his Commerce Secretary nominee this week, officials said, and the timing of other key economic positions also could be shifted based on final decisions and last-minute adjustments.

Several people close to the transition tell CNN this is a glimpse of leading contenders for other key roles on the economic team:

Brian Deese, a former top economic adviser in the Obama-Biden administration, is among the leading contenders to head the National Economic Council, officials said. He served as deputy director of the OMB and the NEC and is now a top official at BlackRock, the world’s largest asset manager.

Roger Ferguson Jr., who served as vice chairman of the Federal Reserve, is also seen as a leading contender for the

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Biden to name economic team this week, with three women in top roles to help build economic recovery

President-elect Joe Biden is set to formally name key members of his economic team on Monday, with the long-expected announcement of Janet Yellen as Treasury Secretary, CNN has learned, along with two other women in top roles to help him navigate the nation’s punishing fiscal headwinds in hopes of building an economic recovery.



Joe Biden wearing a suit and tie: President-elect Joe Biden speaks at The Queen theater Wednesday, Nov. 25, 2020, in Wilmington, Del.


© Carolyn Kaster/AP
President-elect Joe Biden speaks at The Queen theater Wednesday, Nov. 25, 2020, in Wilmington, Del.

He is expected to name Neera Tanden to lead the Office of Management and Budget, two people familiar with the appointment said, elevating Tanden, the CEO and president of the left-leaning Center for American Progress, into the top ranks of his administration.

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He is also poised to name Cecilia Rouse, a Princeton economist, to lead the Council of Economic Advisers. Rouse served on the council during the Obama administration, but her selection puts another Black woman in a high-profile role of Biden’s top advisers.

Adewale “Wally” Adeyemo, president of the Obama Foundation in Chicago, will be nominated as the Deputy Treasury Secretary, serving under Yellen. Both face Senate confirmation. Adeyemo served on the National Economic Council of the Obama administration and last fall was named as the first president of the Obama Foundation.

He is among the barrier-breaking nominees Biden is announcing. If confirmed, he would be the first Black Deputy Treasury Secretary. Yellen, if confirmed, would be the first woman to serve as Treasury Secretary.

The Wall Street Journal first reported on Biden’s expected economic picks.

The announcements are expected to be made Monday in a statement, officials said, with the team set to be formally introduced by Biden during an event Tuesday at his transition headquarters in Wilmington, Delaware.

RELATED: Here’s who could serve in top roles in the Biden administration

Video: GOP senator: Not passing more stimulus is ‘huge failure’ (CNN)

GOP senator: Not passing more stimulus is ‘huge failure’

UP NEXT

UP NEXT

The economic team is among the most critical pieces of the new administration, whose successes or failures will play a large role in determining the course of the Biden presidency.

Biden is also still set to name the leader of the National Economic Council, officials said, as well as United States Trade Representative, the Consumer Financial Protection Bureau and other posts.

It is unclear whether Biden will name his Commerce Secretary nominee this week, officials said, and the timing of other key economic positions also could be shifted based on final decisions and last-minute adjustments.

Several people close to the transition tell CNN this is a glimpse of leading contenders for other key roles on the economic team:

Brian Deese, a former top economic adviser in the Obama-Biden administration, is among the leading contenders to head the National Economic Council, officials said. He served as deputy director of the OMB and the NEC and is now a top official at BlackRock, the world’s largest asset manager.

Roger Ferguson Jr., who served as vice chairman of the Federal Reserve, is

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Saudi mall operator Arabian Centres to build outdoor shopping centre

Saudi Arabian mall operator Arabian Centres is planning to build an outdoor shopping centre to expand its lifestyle offering.

“Boulevard U Walk” will be the second addition to the company’s portfolio of shopping centres in the Islamic holy city of Medinah (Al-Madinah Al-Munawwarah) and it is expected to deliver about 57,000 square metres of additional gross leasable area (GLA), the firm said in a bourse filing on Monday.

The Saudi-listed firm, which operates 21 malls across Saudi Arabia, also confirmed that it has secured a long-term lease for a vacant plot on which the new mall will be built.

Under the rental and investment agreement with the plot owner, Madinah Regional Municipality, Arabian Centres will be paying an annual rent of more than 1 million Saudi riyals ($266,000) to develop and use the land for a period of 25 years.

The firm’s total investment for leasing the land alone will amount to more than 26.6 million riyals by the end of the lease term.

“This project comes in line with the company’s broad strategy, which aims to expand within the lifestyle shopping centres that include various entertainment destinations such as cinemas, luxurious restaurants and cafes, in addition to retail stores,” the firm said.

The company also pointed out that the Madinah Regional Municipality is keen to develop the area around the proposed project site as it is considered one of the most populous regions in the kingdom. However, the mall operator, did not confirm the investments that would go into building the new shopping destination.

(Reporting by Cleofe Maceda; editing by Seban Scaria)

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5 Ways Working Women Can Build Mental Strength Right Now

The last few months have challenged the business community as never before – particularly women, on which the pandemic has had a disproportionate impact. Add to that the fact that women in employment are almost twice as likely as men to have a mental health problem and one thing sharpens into focus: working women need to be proactive in preserving and strengthen their mental health.

Harry Mansfield, founder of The Awareness Key, believes that proactive rather than reactive action is the key to strong mental health. Running retreats, workshops and 1:1 sessions for individuals, teams and families, the company’s mantra is “powering up your mental health before it powers you down.” Their focus is on fortifying self-esteem, confidence and stress management skills through action for everyone from kids to corporates.

Having broken away from her own high-stress career and after suffering a traumatic head injury, Harry quickly learnt herself that mental resilience is vital for women’s wellbeing, particularly this year, where the strains on working women have become even more acute:

“Women have long been fighting for equality in the workplace which, inevitably, puts a bigger strain on them mentally. During the pandemic these difficulties have been amplified, particularly with the added strain of working from home, which can blur the boundaries between work and rest. Because of this it is even more essential to learn the skills to become mentally resilient.”

Thankfully, it is possible to build up your own mental strength. Below, Harry shares some easy-to-follow tips to help keep yourself mentally strong at this time of constant change in the working world.

Do a mental health check-In

If we can become aware of the state of our mental health each day then we can plan the best way to help ourselves – either to keep ourselves calm and level-headed when we’re stressed or low, or to really relish and enjoy the positives when we feel good.

“Choose a time of day which works for you to do a mental health check-in,” suggests Harry.

“Acknowledge what you are actually feeling and thinking and ask yourself on a scale of one to ten how mentally resilient you feel that day. You can do it at the same time you do things that are automatic to you, for example when you’re brushing your teeth or, when you are making yourself a drink. Slowly, over a period of time, it will become more automatic for us to do a “mental health check-in” and we will see how mentally resilient we are feeling that day.”

Find the positives

Practicing gratitude can feel like an inordinate amount of effort when you’re feeling low but is actually one of the best ways to fast track your way to a better mood, says Harry.

“The mind believes what you tell it so feed it the positives. Each day, look for three benefits that have come out of the most challenging situation.”

By doing

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online shopping becoming China’s new normal as record sales build on pandemic boost



a person sitting at a table in front of a box: In the first three quarters of 2020, online sales in China grew 15.1 per cent compared with a year earlier. Photo: Weibo


In the first three quarters of 2020, online sales in China grew 15.1 per cent compared with a year earlier. Photo: Weibo

Online shopping is becoming increasingly commonplace in Chinese consumers’ lives, and nowhere was that more evident than the Singles’ Day shopping extravaganza that peaked on Wednesday.

E-commerce had already seen a massive boost this year amid the coronavirus pandemic, with shoppers reluctant or unable to venture out to bricks-and-mortar stores.

Singles’ Day – the November 11 celebration that gets its name from the four ones in 11.11 – annually generates far more revenue than that of the comparable Black Friday in the United States. And this year, Singles’ Day built on the momentum of past years to once again post record sales.

Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.

With about seven weeks still remaining in the year, 2020 looks to shatter the previous annual high-water marks for online sales, which have undoubtedly been the saving grace of overall Chinese consumer spending this year.

In the first three quarters, overall retail sales fell 7.2 per cent year on year, as in-store sales plunged 13.4 per cent from the same period in 2019. But online sales remained resilient, growing 15.1 per cent compared with a year earlier.

Furthermore, online sales accounted for 24.3 per cent of all sales in the first nine months of the year. That was an increase from the 20.7 per cent proportion held by online sales for all of last year, and their 18.4 per cent share in 2018. Analysts expect the proportion of online retail sales to grow further this year, marking the seventh straight year of gains.

Even though China has largely recovered from the coronavirus health crisis, disincentives for shopping in stores remain. Health and safety restrictions are still in place, especially in public areas, throughout the country.

Yu Tian, a public relations manager in Beijing, said she has been mostly eating at home rather than going out. But she continues to shop online.

“I don’t think the outbreak has changed the way I shop as much. I was already shopping online regularly,” she said. “It’s more convenient, and it’s less tiring” than shopping at malls.

US-based research firm eMarketer, in its latest forecast in June on China’s e-commerce sector, said Chinese “consumers will spend US$2.09 trillion on retail e-commerce this year, an increase of 16 per cent. That is 7.7 percentage points less than our pre-pandemic forecast, but still hundreds of billions of dollars in additional spending compared with 2019”.

Analysts also expect retail sales – mainly goods purchases – to grow in the fourth quarter this year, boosted in particular by Singles’ Day.

We expect the momentum of China’s fourth-quarter retail sales recovery to see growth in the mid- to high single digits, narrowing the full-year sales drop to the low single digits

Fitch Ratings

The annual event is seen as an important barometer for China’s economic health. Last

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Lisbon Hosts Fashion Conference To Discuss Ways To Build A Greener Future

In the wake of receiving the European Green Capital 2020 title, Lisbon will be hosting the first of many events tomorrow in its continued role as a facilitator of a more sustainable future for the fashion industry. The event, Sustainable Fashion Business, is a one-day conference taking place at the Lisbon Academy of Sciences, featuring a line-up of speakers from across the globe, tackling topics and discussions on how the industry can positively move forward.

Being the first Southern European capital to receive this distinction, it recognises the developments which have taken place within the city over the last decade. Friday’s event will be hosted by Lisbon’s Environment Councilman, José Sà Fernandes, who will be presenting to both physical, and digital, audiences, the benefits of making in Portugal and how the country is taking an increased responsibility for its manufacturing capacity. With the climate crisis becoming ever more present on a daily basis, it is imperative that we work across borders, industries and sectors in tackling this fight together. By openly addressing the global market, the Portuguese capital is looking to rally both leaders and visionaries in creating the circular and sustainable future we urgently need.

The event will be focusing on a variety of sectors within the industry such as clothing, jewellery, footwear and accessories, alluding to the heritage of craft and artisanal talent on which the country’s infrastructure has been grounded. The Minister for the Environment and Energy transition, João Pedro Matos Fernandes, will also be taking part to highlight the business opportunities which lie ahead in transitioning to a greener and more accountable industry.

The schedule, which runs from 9.30am to 5.30pm CET, is made up of panel discussions, conversations, interviews and talks from a variety of industry players. It will cover topics such as education, and its role in sustainability, as well as green financing schemes, textile waste and the importance of technology. Emerging into a post-pandemic world, these topics have never been more prevalent. Organisations such as The Ellen MacArthur Foundation, PANGAIA and Farfetch are just some of the few speaking at the event with input from designers such as Priya Ahluwalia, Mats Rombaut and Alan Crocetti. Alongside the schedule of talks, there will be the opportunity for visitors to network with investors and industry leaders throughout the day. An exhibition space has also been installed to showcase recent Portuguese initiatives and help visitors to better understand the scope of the possibilities available through collaborations and partnerships.

Looking over the country’s textile heritage, the Portuguese Secretary of State for the Environment, Inês Costa, remains hopeful in what the future holds. “Disruption must become the cornerstone of this industry’s

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Washington just gave the Giants a gift. Can they build on their 1st victory?

The Giants need this victory, just their 13th in their last 54 games, and they needed it so badly that you could almost squint away what nearly happened at MetLife Stadium.

Almost.

But, well, let’s face it: They were thisclose to dropped a home heartbreaker to a one-win Washington Football team with a woeful Kyle Allen at quarterback. They were thisclose to dropping to 0-6 on the season and, sizing up the schedule, legitimate discussion about when — or even if — they would take that bagel off their record.

They were thisclose to another week focused on a killer Daniel Jones turnover, another game when the offense looked downright Jet-esque, another collapse from a retooled defense that still can’t hold onto leads.

How close?

Washington scored with less than a minute left with a touchdown could/should have tied the game, but Ron Rivera — Riverboat Ron, as he’s called for a reason — decided to go for two. Allen rolled to his left, passed up a chance at running for the conversion, and threw meekly to the turf as the Giants swarmed him.

I get why Rivera would go for it there, given that his offense stinks. But the play call and execution was terrible. This was a gift from Washington. There’s a reason why the team without a nickname is 1-5 after this one.

So are the Giants, but it’s hard to feel much better about them than you did before this 20-19 victory began. Yes, Joe Judge has his first career victory, and that will take the edge off another rough start to the season for this franchise.

But to win, they needed a 43-yard Tae Crowder fumble recovery for a touchdown in the fourth quarter, and they needed Rivera’s charity after the defense failed to keep Allen and this Washington offense from answer that mistake with a late touchdown.

So now what? The NFC East is so lousy that the Giants are still in contention for the division title. They need to build on this one now that they enter their easiest stretch of the schedule and prove that it wasn’t a fluke. Because they were thisclose to something ugly.

Here are five observations from the Giants’ game against Washington:

1. RUN, DANIEL, RUN

Daniel Jones, leading rusher, are not four words the Giants wanted to see in the same sentence this season. But with Saquon Barkley’s injury and the struggle to replace the team’s offense star with a productive running back, that was the statistical reality heading into the their sixth game. Jones had a team-high 130 yards.

But that doesn’t mean that Jones’ feet aren’t a weapon that offensive coordinator Jason Garrett needs to use more often, and a perfectly executed 49-yard run in the second quarter is more proof. The play fake to Devonta Freeman was so good that it even fooled Fox’s cameras for several seconds — by the time they caught up, Jones had split three Washington defenders and was off

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Build A Better Academic Writing Style For a Problem Solving Essay

An Academic Writing Style research essay has a lot of information in the document. In this case, for researching essay topics in depth and with a lot of support towards the facts makes a high-quality paper. This paper will often make a big difference when it comes to the grade that the writer might be making the paper for. Problem solving and being able to solve issues that are constantly being introduced, can always come from the person who created them. Being able to create a strong paper on problem solving and increasing the academic writing style has a few things to it.

Focusing on the solution

Creating the time

Focusing on the facts

Solutions, Solutions, Solutions

Focusing on the solutions will often make a lot of chance. This will begin the entire issue and no matter to the problem, the solution will override it and regain that energy in the argument. This will become somewhat of a strong paper is, the solution is consistently being stated with conviction. Conviction can become the academic writing style that won’t fade away.

Providing thoughts that will make the solutions and then supporting those thoughts can often times bring about a lasting change and while there are some challenges in reason to build such things, they can often be revealed with reason by maintaining the focus on the solution.

Creating A Time

Creating a time for the manifest to occur. This will often change the actual timeframe of the entire document and then introduce something else to it. The time it takes to incorporate information that is solution based and the resulting effects in that specify timeline that is never a known time.

Staying With The Facts

Focusing on the facts of the situation and the problem that is being caused and what the facts have become as a result of the issue and the timeline that the problem has embarked on. This makes a strong paper because the facts aren’t arguable, but they do demonstrate something and as that something, they reveal a lot of information.

These systems are contributions that can provide information and insight into building a strong thesis and to increase the depth of your academic writing style. These statements can be included into any research paper and will always provide somewhat of a strong thesis. They are the dynamic of strength and will often lean on building quality instead of building just quantity.

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