News 

Crackpots and political dunces ruin the GOP’s economic agenda

“Their tax plan might help the common man in the long run by increasing investment and business activity” reports washingtonpost.com. Large corporations would get more than a 40 percent cut in their tax rates, from 35 percent to 20 percent.Middle-income workers will at best see a modest drop in the tax rate they pay, from 15 to 12 percent.It is consistent with the possibility that tax cuts have a mildly positive effect that other factors can defeat. Let’s just hope it doesn’t claim that tax cuts will lead to reductions…

Read More
News 

Internal White House documents allege manufacturing decline increases abortions, infertility, and spousal abuse

“His documents alarmed other White House officials, who worried that such unverified information could end up steering White House policy, the two administration officials said, speaking on condition of anonymity to discuss the internal documents, which were not released publicly” writes Damian Paletta for sun-sentinel.com. Two administration officials gave differing accounts of Navarro’s memo, which was prepared and shared last month. Source: sun-sentinel.com Share This:

Read More
News 

Wildfires expose glaring risk in legal cannabis: lack of insurance

“The devastating California wildfires of 2017 have exposed a glaring risk in newly legal cannabis: rampant lack of insurance, underinsurance, and terrible insurance policies among growers and other industry operators” writes David Downs for greenstate.com. Cannabis industry losses are estimated to reach into the hundreds of millions to more than a billion dollars, industry experts say. “We’re going to see a big conversation surrounding the cannabis industry moving forward based on this tragedy,” Drayton said.You need to look at a policy — whether it’s a homeowner’s policy or a property…

Read More
News Regulators Reviews 

Policy Daily Review October 18, 2017

Policy Daily Review for October 18, 2017 Webinar: FX Week Ahead: Global Inflation Data, Central Bank Policy in Focus In the FX Week Ahead webinar, we review the top rated events on the DailyFX Economic Calendar and look at how they might impact FX   Wilbur Ross told Forbes he hid $2 billion from the government and then took it back In the process of confirming his net worth, Ross felt compelled to explain a $2 billion discrepancy that made him look less wealthy.   Webinar: FX Week Ahead: Global…

Read More
News Regulators 

Fed flunks econ 101: understanding inflation

“One of the newer, more laughable explanations for persistently low inflation is that inflation expectations have slipped” writes Caroline Baum for marketwatch.com. Strangelove approach and learn to stop worrying and live with low inflation and low unemployment.Hence, normalizing interest rates is “on track,” as the headline above noted, even though the relationship — between unemployment and inflation — is decidedly off track.Option #1 involves learning to live with a low, stable inflation rate about 0.5 percentage point below the Fed’s explicit 2% target.Option #2 means taking some additional actions to…

Read More
News 

Twitter lays out more guidelines in harassment crackdown

“News of the policy changes was first reported by Wired” writes Associated Press for nypost.com. The policy changes were specifically aimed at protecting women who unknowingly or unwillingly had nude pictures of themselves distributed online or were subject to unwanted sexual advances.MENLO PARK, Calif. — Twitter vowed to crack down further on hate speech and sexual harassment, days after CEO Jack Dorsey said in a tweet-storm that the company was “still” not doing enough to protect its users. Source: nypost.com Share This:

Read More
News 

Leaked Twitter email details bigger plan to tackle abusive users

“More revealing, though, is a leaked Twitter email which goes into more details about how the company will be enforcing its rules” reports slashgear.com. Twitter has once again vowed to deal with its problematic users, and once again users are skeptical.Though the company has taken steps to deal with these individuals, efforts thus far haven’t been adequate and the site remains full of problematic users. Source: slashgear.com Share This:

Read More
News 

ChargePoint hires Uber EMEA policy chief as its top Europe exec

“The regional policy chief of embattled ride-hailing company Uber is leaving to join ChargePoint, a U.S. electric-vehicle charging-network maker that has attracted major financial backing from European transport companies” writes unknown author for cnbc.com. Christopher Burghardt told Reuters in an interview on Tuesday that he plans to join ChargePoint early next month as its lead regional executive.Uber faced a year of mounting scandals and regulatory battles after Burghardt signed on last September as policy and communications chief across the company’s 45-country Europe, Middle East and Africa region. Source: cnbc.com Share This:

Read More
News 

Lawrence Summers: Trump’s top economist’s tax analysis isn’t just wrong, it’s dishonest

“In modern economic science, regressions of wage growth on tax rates cannot be understood as causal without a theory of the level of tax rates” reports washingtonpost.com. I predict that as debates on tax policy unfold, many serious Republican economists will endorse parts of the Trump plan.Yes, I am aware that some of the wage increase might be expected to come from the growth-inducing benefits of a corporate tax cut.The cut in corporate tax rates from 35 percent to 20 percent would cost slightly less than $200 billion a year. Source:…

Read More