The brunt of the damage is not being borne by the elites who work in the information economy but by those at the middle and the bottom of the economic ladder — the forgotten Americans who were finally doing better under President Trump until this crisis arrived. Before the pandemic, the U.S. economy had added a half-million manufacturing jobs and low-wage workers.......
All of the various findings, articles, videos, pictures, and other stuff I dig up on the web. Anything on this site was posted by me. Any opinion expressed here is only my own
Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts
2020/05/14
Populism Round 2.0
https://www.washingtonpost.com/opinions/2020/05/12/pandemic-will-fuel-populism-that-sent-trump-white-house/
2020/05/04
How many Utah knew about this?
https://www.sltrib.com/news/politics/2020/04/28/utah-attorney-general/
You would think they did some background research before engaging into this contract.
"""
Damien Patton, who helped launch and now leads the secretive startup Banjo, was part of the Dixie Knights of the Ku Klux Klan as a 17-year-old and joined a leader of the group in a drive-by shooting of a synagogue in a Nashville suburb, according to a report by the online outlet OneZero, citing transcripts of courtroom testimony, sworn statements and more than 1,000 pages of records produced from a federal hate crime prosecution.
Utah officials in 2018 had awarded Patton’s company a sole-source, $750,000 contract to provide massive real-time surveillance of 911 calls, social media and traffic cameras. The company has also signed a $20.7 million contract with the state.
"""
2020/04/01
Are we really that surprised?
https://www.bloomberg.com/news/articles/2020-04-01/supercharged-debt-bets-unravel-and-expose-wall-street-s-big-risk
Add in the fact that no one is "on the floor" trading, so all of the algorithms have a chance to run crazy now.
Add in the fact that no one is "on the floor" trading, so all of the algorithms have a chance to run crazy now.
2020/03/21
Supply Chain Meltdown
https://www.bloomberg.com/news/articles/2020-03-20/a-covid-19-supply-chain-shock-born-in-china-is-going-global
Will be interesting how many companies adopt a distributed internet like model for their supply chains. Who knows.
Don't here to much about LATM::
"""
Peru’s state of emergency and nationwide lockdown have led major mining companies like Freeport-McMoRan Inc. and Newmont Corp. to curb copper production there. The same is happening in other mining centers like Chile, Canada and Mongolia, with economists at Scotiabank saying the initial result from the hit in Chile and Peru alone leading to the loss of some 325,000 metric tons of copper production, or about 1.7% of global annual output.
"""
"""
“I think it’s irresponsible for anyone to make assumptions right now.”
"""
Will be interesting how many companies adopt a distributed internet like model for their supply chains. Who knows.
Don't here to much about LATM::
"""
Peru’s state of emergency and nationwide lockdown have led major mining companies like Freeport-McMoRan Inc. and Newmont Corp. to curb copper production there. The same is happening in other mining centers like Chile, Canada and Mongolia, with economists at Scotiabank saying the initial result from the hit in Chile and Peru alone leading to the loss of some 325,000 metric tons of copper production, or about 1.7% of global annual output.
"""
"""
“I think it’s irresponsible for anyone to make assumptions right now.”
"""
2020/02/28
Can you get more Obvious
https://www.bloomberg.com/news/articles/2020-02-28/trump-takes-credit-as-markets-rise-points-finger-when-they-fall
This far into his presidency, and this headline of the obvious is their choice?
No wonder the media is part of our problems.
This far into his presidency, and this headline of the obvious is their choice?
No wonder the media is part of our problems.
2020/02/25
Another Krugman GOP hypocrisy article
https://www.nytimes.com/2020/02/24/opinion/trump-2020-debt.html
Krugman has decried the fiscal hypocrisy of the GOP before. So no shockers in this article.
2019/11/01
And we knew this
https://www.theatlantic.com/ideas/archive/2019/10/why-donald-trumps-economic-dream-crumbled/601153/
Donald Trump’s signature legislative achievement was the corporate-tax cut he signed in 2017. Republicans said it would grow the economy by up to 6 percent, stimulate business investment, and pay for itself.
None of those promises have come to pass. GDP growth has declined to less than 2 percent according to the latest report, released yesterday. Business investment has now declined for two straight quarters, dragging down economic growth. And the federal deficit exceeds $1 trillion.
The U.S. manufacturing sector is practically in a recession. The ISM index, a key measure of that industry’s health, registered its lowest number in 10 years.
The answer, basically, is that while the Trump can’t deliver, the American consumer continues to chug along. Consumer spending, which was the one bright spot in yesterday’s GDP report, beat forecasts by rising nearly 3 percent. Unemployment is at a 60-year low, and wage growth has accelerated for the poorest workers. (Ironically, these positive trends have been buoyed by large federal deficits, which break another Trump campaign promise.)
2019/08/11
taking trump to school
China Tries to Teach Trump Economics
https://www.nytimes.com/2019/08/08/opinion/trump-china-trade.html
"""
I guess arithmetic is just a hoax perpetrated by the deep state.
"""
2019/06/27
This is kind of funny
Bolsonaro's G20 Trip Hits Snag: Brazilian Crewman Arrested With 86 Pounds Of Cocaine
https://www.npr.org/2019/06/27/736533062/bolsonaros-g20-trip-hits-snag-brazilian-crewman-arrested-with-86-pounds-of-cocai
2018/12/07
Way to stay on point
Mixed messages seem to be day to day with this administration. Not sure why this particular one sent the markets tumbling. Maybe because it involved trade between the world's 2 largest economies????
2018/06/13
Ford is back.
Ford Buys Detroit Train Station, Once An Icon Of Detroit's Decay : NPR https://www.npr.org/2018/06/11/619027008/once-an-icon-of-detroit-decay-historic-train-station-has-new-owner-ford?utm_medium=RSS&utm_campaign=news
2017/10/24
America needs a third party
https://www.economist.com/news/united-states/21730484-america-needs-party-argues-fiscal-restraint-fiscal-conservatism-rip?fsrc=scn/tw/te/bl/ed/fiscalconservatismrip
2017/04/18
Employment crisis
An hourly paid job leads to a crappier hourly job.
Fake Working Class http://www.slate.com/articles/news_and_politics/politics/2017/04/the_response_to_the_retail_apocalypse_shows_which_workers_count_in_trump.html
2017/02/03
And it begins?
Treasury Allows Limited Contact Between U.S. Companies, Russian Intelligence Agency
http://www.npr.org/sections/thetwo-way/2017/02/02/513100267/treasury-allows-limited-contact-between-u-s-companies-russian-intelligence-agenc
2017/01/26
Rise of automation
I help create the automated jobs that are taking jobs.
http://www.slate.com/articles/technology/future_tense/2017/01/i_help_create_the_automated_jobs_that_are_taking_jobs.html
2016/12/23
Better for Trump
DOJ's Big Bank Settlements Remove Potential Conflict Of Interest For Trump
http://www.npr.org/sections/thetwo-way/2016/12/23/506720254/dojs-big-bank-settlements-remove-potential-conflict-of-interest-for-trump
2016/12/06
This is big deal
Supreme Court Sides With Samsung, Against Apple In Patent Infringement Fight
http://www.npr.org/sections/thetwo-way/2016/12/06/504545297/supreme-court-sides-with-samsung-against-apple-in-patent-infringement-fight
2016/11/18
Ford can't compete with a loud mouth
Trump Takes Credit For Saving A U.S. Ford Plant That Wasn't Planning To Move To Mexico : The Two-Way : NPR http://www.npr.org/sections/thetwo-way/2016/11/18/502528759/trump-claims-credit-for-keeping-ford-lincoln-production-in-kentucky
2016/06/19
More countries doing this
Nigeria Prepares For Drastic Economic Changes http://www.npr.org/2016/06/19/482706204/nigeria-prepares-for-drastic-economic-changes?utm_medium=RSS&utm_campaign=news
More currency hacks
A $50 Million Hack Just Showed That the DAO Was All Too Human | WIRED http://www.wired.com/2016/06/50-million-hack-just-showed-dao-human/
Subscribe to:
Posts (Atom)