Update 383 — 2020 Presidential Cand. Series: The Economic Policy Agenda of Andrew Yang Businessman Andrew Yang has made a splash and has become identified as a Democratic presidential candidate as the “Universal Basic Income,” or UBI, champion. It hasn’t propelled him in the polls, but that may be beside the point. In case you’d …
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Update 382 — Mnuchin Goes Manchurian:Trump’s Tariff Policy Bites His Base, Mostly Treasury Secretary Steven Mnuchin said last week regarding President Trump’s tariff policy that “We have not yet seen any impact on the U.S. economy.” Secretary Mnuchin might get out of the Yale Club more. Like to Missouri, where the farmers have lost the …
Update 381 — Laissez-Faire to Less-is-More: Trump Has a Modern Monetary Theory 4 U Jerome Powell’s bad dream may not last longer than Friday the 13th. But President Trump’s belief that Fed monetary policy should aim for zero interest rates — or we’ll repeal ‘em! — might persist right through the election thirteen full moons …
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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