by Trade Correspondent L.C. Fifteen percent tariffs on tools, clothing, some footwear, and many electronics were imposed on China yesterday by the US, today’s Wall Street Journal reports. Additional 15% tariffs will be imposed on smartphones, laptops, toys, video games and other products starting on Dec. 15th. Consumers may soon be noticing increased retail prices. […]
Progressives’ taxes mix bad economics with envy
by Richard Schulman Progressives are proposing four new taxes to finance their costly spending plans and to supposedly reduce inequality: A wealth tax (Senator Elizabeth Warren [D-MA]); An accelerated (Senator Ron Wyden [D-OR] or increased (former Vice-President Joe Biden) capital gains tax; A financial transaction tax (Representative Peter DeFazio [D-OR] and Senator Brian Schatz [D-HI]); […]
G7, Jackson Hole cap tumultuous week for trade
By Trade Correspondent L.C. The G7 meeting in Biarritz, France ended inconclusively with French President Macron and US President Trump contending over rival agendas and the US president under particularly heavy pressure to de-escalate the US-China trade war. Over the same weekend, international central bankers met in Jackson Hole, Wyoming and struck a similar tone. […]
Brain benefits found in exercise, dietary restriction
by Richard Schulman Our last summary of health research was a year and a half ago. Here we describe some interesting research that has been published since then. As before, caveat lector. It’s no secret that revisions and even reversals are common in the field. On net, however, we think the information below should be […]
Fed blunders created the inverted yield curve
by Trade Correspondent L.C. and the Editor Of the two threats to continued growth of the US economy — the inverted yield curve and the US-China trade war — the first is the most immediate threat and has been fostered by flawed Federal Reserve policy. By accelerating and deepening investor concern, the inverted yield curve […]
