Update 380 — Spotlight on Manufacturing: Trump, Uncertainty Make America Wait Again The NY Times last week quoted Sheri Menelli, co-owner of RJM Music, seller of Chinese LCD screen imports based in Vista, CA: “We keep hearing on TV that China is paying for the tariffs… I can tell you that right now, I’m paying …
Update 379: 2020 Presidential Candidate Series; The Economic Agenda of Vice President Joe Biden Former Vice President Joe Biden announced his candidacy on April 25 after months of speculation on whether or not he would enter the 2020 race. In the month since his entry in the Democratic primary, Biden has topped the polls, averaging about …
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Update 377: Shareholders vs. Stakeholders?Cos. Pay Lip Service, but Not a Cent in Taxes Last week, the CEOs of the nation’s largest corporations signed a statement redefining “the purpose of a corporation.” Now, corporate management should serve not only the company’s owners, but other stakeholders (employees, customers, the public) as well. Any owner ever sued by …
Update 376: 2020 Presidential Cand. Series:Economic Agenda of Senator Amy Klobuchar Amy Klobuchar of Minnesota is a three-term U.S. Senator with an extensive legislative portfolio, setting her apart from the many 2020 candidates scant on policy. Her overriding economic theme, “Heartland Economics,” features a trillion dollar infrastructure plan that goes beyond just the Midwest. It is …
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Update 375: Amid Volatility and Shades of ‘08Whither the Housing Market, Where Headed? The next recession is not a matter of it but when. As for how, we look for early warning signs where we wish we had last time. The U.S. housing market was at the epicenter of the financial crisis of 2008, both as …
Update 374: Worker Retirement Security:Multiemployer Pension Bill and Its Prospects The legislative prospects for any big-ticket economic policy bill that is not “must-pass” (such as a budget) clearing Congress and getting signed by the White House seem remote right now. But on July 24, the Rehabilitation for Multiemployer Pensions Act, H.R. 397, passed the House in a …
Update 373: 2020 Presidential Cand. Series:The Economic Agenda of Julián Castro Julián Castro is one of the younger presidential candidates running for the 2020 Democratic nomination. A former cabinet official under President Obama and mayor of San Antonio, Castro’s experience belies his 44 years. He is considered a rising star in some Democratic Party circles and …
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Update 372: Student Loan Debt Bill in Sight?Another Academic Year, Contact the Cashier The $1.6 trillion owed by tens of millions of students and their parents in total education loans outstanding ramifies throughout the economy. Already it means younger people aren’t getting married, entering the job market, starting businesses, saving for retirement as quickly or as …
Update 371: Ends Meet in Budget Agreement;Further Fiscal Hostilities Postponed ‘til 2021 Like a thunderclap on a sunny day, a budget agreement has appeared almost from nowhere to remove us from threat of a government shutdown or sovereign default this fall. A compromise between the House and the White House, the deal bears signal progressive …
Update 370 — Powell Pivots to a Rate Cut;25 bps (Bonus Points) for Capital Markets The old joke is that the Fed is there to pull the punchbowl away before the party ends in mayhem and tears. This afternoon, the Fed re-filled the punchbowl and announced, if you can drink, please do. The first Fed …
