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What do we know so far about President Trumps economic strategy?
He has said he wants to get the economy back on track and create jobs that will put more money in peoples pockets. But instead of pursuing policies that mainstream economists have endorsed or following up on his commitment to rebuild Americas infrastructure or even making solid subcabinet appointments at the Treasury, the Office of Management and Budget, or the Council of Economic Advisers, he has been busy showcasing the jobs he is putatively creating by attaching himself to corporate good news…

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WASHINGTON By all means, lets have a carbon tax. Its the best way to deal with global climate change. It would require Republicans and Democrats to compromise a good thing and would provide revenues for a government that desperately needs more revenue. Fine. But lets not pretend that a carbon tax is a panacea for either climate change or too much debt.
With most Republicans and some Democrats hostile to any tax increase, a carbon tax remains a long shot. Still, the odds have shortened, because some respected Republican elders recently endorsed it. These include…

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The market is materially underpricing risk; the upside/downside is now as unattractive as I have seen in years.
As I have expected, the wheels of the new administration may be coming off; certainly, the passage of his policy initiatives are growing less likely.
Dysfunction and chaos may be the order of the new administration; Donald Trump appears to be the first sore winner of the presidency, ever.
In all likelihood, President Trump will become more brash and, in time, even a part-time president, making market uncertainty and volatility great again.
Surprise…

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I find myself in the very uncomfortable position of agreeing with the Federal Reserve. Its policymaking body has already voted twice to raise the target range for federal funds, and if recent speeches and mannerisms are to be believed they will do it again at some point. In fact, I would go so far as to propose that unless the economy falls directly into full-blown recession, that will remain the case. From the official agency perspective, there is nothing left for the central bank to do. It is on that point where we are in agreement.
Monetary policy is intended for specific purposes,…

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The Trans-Pacific Partnership is dead, but could it have an afterlife?
Maybe.
Among President Trump’s first acts was an order withdrawing from the TPP. This fulfilled Trump’s campaign promise to torpedo the high-profile agreement between the United States and 11 other Pacific Rim countries, led by Japan and Mexico. As important, it symbolized Trump’s conviction that ineptly negotiated trade agreements are at the core of America’s economy’s problems.
Given this background, it seems astounding that anyone would suggest that the TPP may rise from the dead, with a new name and slightly altered…

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The Dodd-Frank Act, a 2010 law intended to reform our financial system, didnt reform Wall Street. It failed to put the interests of consumers and taxpayers first. It traded economic potential for a false sense of security. And rather than reforming our system by preventing future Wall Street bailouts, it codified them.
The president recently issued an Executive Order to review Dodd-Frank, as well as financial regulations and other measures. This is a good first step. Since needed attention is being given to financial reform, here are five actions that could be taken:


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“… You have to stand the road map on its head and accept that things are better because business is better here and abroad. You can’t dust off the old playbook because rates are unprecedentedly low, so as they go higher the only thing that happens is companies make more money. Business has momentum. This market is saying that momentum will not be broken up by three rate hikes and won’t be stopped by a president or a Fed or Congress. It’s a rising tide that’s lifting almost all the boats except those that were lifted under Obama. And that’s what this tectonic shift of a levitation is all…

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Dear Fellow Binswangers,
As proud as I am of the great achievements of our familywhich spare me the need to accomplish anything myselfI have to acknowledge that, recently, Binswangers have fallen on hard times. Binswangerian greatness is more a memory than a live reality. But its not our fault. We are being taken advantage of, preyed upon, victimized.
I am referring to the ruinous trade deals that have favored other families over ours. And worse: many of you are sabotaging the family by shipping Binswanger jobs out of family.
I have visited with Binswangers who are located within my…

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We are just a few weeks into the new Congress, and the battle lines have already been drawn in the critical debate over tax reform.
Even though no formal bill has advanced in Congress beyond the conceptual stage, lobbying on tax reform is fully underway, with stakeholders from all sectors advancing their priorities. Thus, consensus on the structure and content of tax reform will be very difficult to achieve.
But rather than arguing over the areas of greatest difference, perhaps a better path is to begin with a discussion of what each of the participants wants and seek to find common ground….

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The unaffordability problem affecting the Bay Area-Silicon Valley region of California is a serious statewide crisis that Sacramento isnt taking seriously. But this problem isnt the Bay Areas alone. Californias most populous region Greater Los Angeles is also plagued with unaffordable homes and rentals. And March 2017s consolidated Los Angeles election has housing affordability front and center.
Los Angeles County Delinquent on RHNA: The Regional Housing Need Assessment (RHNA) is part of the State Housing Law requiring forecasts (over an 8 year time period) of…

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President Trump hinted at the end of last week that the Administration’s tax proposals would be aired in the next two or three weeks. This seems to be a signal of its inclusion in his address to both houses of Congress on February 28. This is not quite a State of the Union speech, but similar and precisely what Obama did in February 2009.
Taxes are complicated. Much of the discussion so far has been on the border adjustment, which is a tax on imports and a tax break for exports. If adopted it has far reaching implications, including but not limited to the potential challenge at the World…

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Given the Democratic Party’s success in capturing the Presidency in 2008 and 2012, the results of the 2016 election left many election forecasters in disbelief. Had the razor-thin margins of victory in Wisconsin (.8 percent), Michigan (.3 percent) and Pennsylvania (1.2 percent) gone the other way, the Democratic Party would have maintained control of the White House. Given these numbers, understanding the 2016 election will involve splitting hairs. Here we analyze two: Rust Belt voters and black voters. In 2016, many current and former union-affiliated Rust Belt voters, amid declining…

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If the Republican Party has an economic policy “brand,” it’s historically been one defined by tax cuts. At least in modern times. Thanks to Ronald Reagan, Jack Kemp, and modern thinkers like Steve Forbes and Larry Kudlow, the Republican Party is known for its focus on reducing penalties placed on work and investment. And while there’s been much to criticize the GOP about (including egregious economic errors) in the 21st century, its tax-cutting reputation has worked out pretty well politically as evidenced by Republican legislative majorities on both the federal and state…

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Since, like, the beginning of time, human beings have been searching for the science of love a full-proof, 1,000-percent way into the heart of anyone anywhere, Cupid-like.
We’re there.
A box of chocolates is a complicated thing. Will she care what brand it is, or how much it costs, or where its made, or where the chocolates grown? Dark or milk chocolate, fillings or none, and what about the percentage of cocoa more is better, right? Are fair trade or organic or all-natural ingredients important? Its stressful just thinking about it.
But we data nerds sorted it all out for…

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On the very day President Donald Trumps incentive-based tax and regulatory policies are put in place, Barack Obamas war on business will have officially come to an end. No longer will American companies be punished by uncompetitive rates of taxation and unnecessary rules and regulations.
Business tax rates are coming down from roughly 40 percent to 15 or 20 percent, which is not only a boon for business, but a godsend for the middle class. Slashing business tax rates for both large and small businesses will generate significant new investment, jobs, and growth, all of which will lead to…

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