News 

Sour grapes: Trade war puts cork in US wine sales to China

“Overall, U.S. wine exports to China fell 25% in 2018, measured by volume, according to the Wine Institute” writes The Associated Press for seattletimes.com. This story has been updated to correct the value of wine exports to China in 2017.California, home to Napa Valley and other famous wine-growing regions, produces about 95% of U.S. wine exports.In 1994, U.S. wine exports to China barely registered at $123,000. Source: seattletimes.com

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Your credit card could get you a free drink and a comfortable place to relax at the airport

“All you need is the right credit card and your luxury airport dreams, or at least a few free drinks, can come true” writes Eric Rosenberg for businessinsider.com. If you consider yourself a frequent flyer, a credit card with Priority Pass is worth every penny.But I get them for free in an airport lounge thanks to my credit card. Source: businessinsider.com

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42% of American workers say they have fought about politics at work—and expect it to continue

“Individual employees need to be extremely careful,” he says, suggesting that workers find groups of like-minded coworkers and organize volunteering efforts” writes Abigail Hess for cnbc.com. “There is a level of discomfort when discussing politics at work depending on what those politics are,” she said.For years, workers have been told to keep politics out of the workplace, but these days that can seem unavoidable. Source: cnbc.com

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American farmers have been crushed by Trump’s trade war with China. That’s about to change.

“Total global soybean demand is projected to rebound this year, which is helping to drive US soybean exports higher” writes Opinion Contributor for businessinsider.com. China has continued to purchase US soybeans during the trade war, and the anticipated partial resolution to the US-China trade war could increase both global soybean demand and demand for US soybean exports to China.This turnabout for farmers is being driven by two things: increasing global demand for soybeans and declining global soybean inventories and production. Source: businessinsider.com

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Trump denies his trade policies are hurting economy

“Those tariffs have reduced the bilateral trade deficit with China from a record-high level last year” reports politico.com. Trump can point to a number of positive economic statistics as he makes his case for a second term as president.You don’t invest.” In the nearly one-hour speech in Manhattan, Trump also said the United States was “close” to striking a preliminary trade deal with China.He called the field of Democratic opponents “crazy” and said the economy would be hurt if one of them were elected. Source: politico.com

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Markets News 

Uber’s Latin American stronghold pursued by SoftBank-funded rivals

“The company identified 30% market share as a key milestone at which it could have a critical mass of both riders and drivers” writes Midwest Communications Inc for 95kqds.com. The company has systematically pursued its rival’s business, deploying its employees to hail Uber rides to recruit drivers and planting its centers for driver assistance beside Uber’s.Prior to Didi’s arrival, Uber held 87% of the Mexican ride-hailing market, according to an August 2017 study from Dalia Research, a Berlin-based consumer research firm.The company’s market share soared to well over 30% in…

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A perfect storm of anxiety and the death of the American dream are transforming chains like Applebee’s and TGI Fridays

“When customers venture outside the home in 2019, they are seeking a more over-the-top experience than old-school casual-dining chains can offer” writes Kate Taylor for businessinsider.com. Many casual-dining chains — along with the rest of the restaurant industry — are making major investments in delivery and carry-out.And, when they do go out, it isn’t to the sit-down, casual-dining chains that once represented a cornerstone of the cheery, neighborhood-based American dream.But, there are other factors that are hitting the casual-dining industry especially hard.Casual-dining chains, in particular, have needed to close more…

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Is China Actually Stealing American Jobs and Wealth?

“Its justification for this is largely that China is (1) stealing American jobs and (2) pirating American intellectual property” reports hbr.org. China is often accused of stealing American jobs and intellectual property.The story on jobs is less clear, but it’s hard to argue that trade with China has had much impact on U.S. payrolls.The U.S.-China relationship has created jobs and wealth for both countries and China’s attitudes to intellectual property are steadily maturing. Source: hbr.org

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American farmers ask for mental health help in face of economic stress

“The issues facing farmers, in particular, are unique, sometimes leaving the broader mental health community ill-equipped to meet their needs” reports washingtonexaminer.com. He recalled hearing talk of someone having to go to Independence, where the mental health institute is located.”It just gradually has gone away where today, there’s been movements to do away with the term mental health and substitute for brain disease,” he said.But policymakers today are paying more attention to the mental health struggles of farmers than they did in the 1980s, when land values plummeted and farm…

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