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In funeral remarks, Biden recalls how the late GOP Sen. John Warner "forged consensus"
"In the battle for the soul of America today, John Warner is a reminder of what we can do when we come together as one nation," President Biden said in remarks Wednesday at the funeral of former GOP Sen. John Warner, who endorsed Biden during the 2020 election.
The big picture: Biden has long been an advocate of bipartisanship and forging consensus in the U.S. Senate, which has been at the center of debate in recent weeks due to the Republican filibusters of a Jan. 6 commission and a sweeping voting rights bill spearheaded by Democrats.
Income inequality is primarily automation-driven, economists argue
Automation technology has been the primary driver in U.S. income inequality over the past 40 years, according to a new paper by two prominent economists in the field.
Why it matters: Offshoring, the decline of unions, and corporate concentration have all played a part in widening the gap between lower-skilled and higher-skilled workers, but automation is the single most significant factor, and will likely grow even more important in the years ahead.
Retailers don't know whether the pandemic comfy era is ending
There are early signs that "sweatpants nation"is shrinking as Americans emerge from lockdown, but it's unclear how far back to normal the pendulum will swing.
Why it matters: Retailers don't know whether the pandemic comfy era has forever changed what we want to wear. Billions of dollars worth of retail inventory is on the line.