Plus, what economic impacts should Utah expect from Russia’s invasion of Ukraine?
What economic impacts should Utah expect from Russia’s invasion of Ukraine? |
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| | The short answer: “In Utah, we enter into this world conflict in a very good position,” said Natalie Gochnour, associate dean at the University of Utah’s David Eccles School of Business and director of the U.’s Kem C. Gardner Policy Institute. Gas and oil Utah’s average price per gallon rose nearly 70 cents in the last week and was at $4.19 Wednesday according to AAA, just three cents shy of the state’s all-time high. But Utahns also use less gas on average than those in many other states. “We are one of the lower per-capita users in the country,” Gochnour said. Another positive, according to Gochnour, is that high gas prices reflect oil producers getting top dollar for crude oil, and Utah is among the top states in the nation when it comes to oil production. Exports According to data Gochnour cited, of the $17 billion worth of export business Utah did in 2019, only about $20 million went to Russian markets. In 2019, Russia was 43rd in terms of dollar value when it came to Utah's export volumes. |
Read more about potential economic effects for Utah. |
| Lawmakers did: Increase the education budget by $383 million in ongoing revenue Appropriate $10 million for teacher bonuses. Approve a one-time $64 million increase for paid professional hours for teachers. Pass a bill that will require Utah public schools to stock free menstrual hygiene products in female or unisex restrooms. Put an additional ongoing $12.2 million toward further expanding full-day kindergarten programs in Utah. Pass a bill requiring the state school board to incorporate ethnic studies into the core standards for public schools, grades K-12. Approve a bill requiring school and the state school boards to report data on the demographics of victims of bullying, hazing, cyberbullying or retaliation. Lawmakers didn't: Eliminate curricular school fees. Pass any "curriculum transparency" bills. Approve using public funds to help parents seek private education choices for their children. Read more about what happened with the bills addressing education in the 2022 Utah Legislature. More in Politics Opinion: How misinformed protesters hurt their own case against digital driver’s licenses (Deseret News) First lady Jill Biden just made a trip out West. Here’s what she said (Deseret News) Which Utah lawmakers won’t run for reelection this year? (Deseret News) Perspective: Can America’s polarization be healed? Braver Angels is trying (Deseret News) | Ukraine Want to help Ukraine? Don’t fall for scams. Here’s how to make your donation count (Deseret News) Opinion: Paying more for gas is the least we can do to help Ukraine (Deseret News) Congress agrees to a new deal for Ukraine aid (Deseret News) Chernobyl plant disconnected from the power grid. Here’s what that means (Deseret News) Faith How new strategic focus on areas of world helped RootsTech 2022 to reach ‘millions’ (Deseret News) Does the Navy’s vaccine mandate violate the Constitution? (Deseret News) Entertainment Disney+ drops first trailer for ‘Obi-Wan Kenobi’ series (Deseret News) Health New pneumonia treatment method reduces mortality, Utah study says (KSL.com) Business 2022 CEO of the Year (Utah Business) The West How an Idaho ranch family learned to live with wolves (KUER) The Nation Man who received world’s first pig heart transplant dies after two months (Deseret News) Gas prices are at a record high. Here are some tips to help you save (Deseret News) The World Antarctic shipwreck found after 107 years underwater (Deseret News) The tight South Korean presidential election ends with new president (Deseret News) | That's all for today. Check your inbox tomorrow morning for more news from the Beehive State and beyond! And reply to this email or email newsletters@deseretnews.com to tell us what you think of Utah Today! — Ashley |
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