inflation risks comes amid sharp criticism by Republican lawmakers of President Joe Biden’s multi-trillion-dollar plans to boost spending on infrastructure, child care, community college tuition and expanded coverage of home care for the elderly and disabled.
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Georgieva said an accelerated recovery from the COVID-19 pandemic in the United States, where growth is seen reaching 7% in 2021, would benefit many countries through increased trade, but rising inflation could be more sustained than expected.
Smartphone innovation has stagnated, and this is not a knock against the consumer electronics companies or the tech giants that design them. Maybe we’ve reached peak smartphone, and this is as far as it needs to go. It could well be part of the reason why the race to upgrade your phones is slowing.
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Market expectations suggested commodity prices would remain contained over the next few years, but inflation developments varied within advanced economies and were picking up more rapidly in Britain, the United States and the euro area, while remaining subdued in others, like Japan.
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Apart from that, major differences between the S21 and last year’s S20 were mostly incremental. I remember having to pore over the specs sheet to spot salient differences as I covered Samsung’s virtual Unpacked event. Refinements were made to the usual suspects, including the processor, software and 5G. This might have been part of Samsung’s response to the global coronavirus pandemic, but it lends credence to the notion of a decreasing technological gap. It was also interesting to note the items Samsung dropped from the S21 flagship family to meet that lowered price. We said goodbye to expandable storage, bundled earphones and most notoriously the in-box charger, as Samsung followed in Apple’s lead — apparently in the name of the environment.
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