Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘USA’

How Trumpocracy Corrupts Democracy

Posted by hkarner - 22. Februar 2017

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No, Robots Aren’t Killing the American Dream

Posted by hkarner - 22. Februar 2017

Date: 21-02-2017
Source: The New York Times

Defenders of globalization are on solid ground when they criticize President Trump’s threats of punitive tariffs and border walls. The economy can’t flourish without trade and immigrants.

But many of those defenders have their own dubious explanation for the economic disruption that helped to fuel the rise of Mr. Trump.

At a recent global forum in Dubai, Christine Lagarde, head of the International Monetary Fund, said some of the economic pain ascribed to globalization was instead due to the rise of robots taking jobs. In his farewell address in January, President Barack Obama warned that “the next wave of economic dislocations won’t come from overseas. It will come from the relentless pace of automation that makes a lot of good middle-class jobs obsolete.”

Blaming robots, though, while not as dangerous as protectionism and xenophobia, is also a distraction from real problems and real solutions. Den Rest des Beitrags lesen »

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Making Crises Great Again

Posted by hkarner - 22. Februar 2017

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Donald Trump will Numb You

Posted by hkarner - 21. Februar 2017

Excellent analysis of Donald Trump’s mind and methodology by Frank Bruni, it is perfect.  Also loved the speech in Parliament today debating the cancellation of Trump’s planned visit.  The speaker described Trump as a petulant child, how perfect.(RH)

NYT, 19 Feb. 2017

nytimes-article-by-frank-bruni-0219-17

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How to Survive the Trump Era

Posted by hkarner - 21. Februar 2017

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Tax Reform: The Good, the Bad, and the Really Ugly—Part Three

Posted by hkarner - 21. Februar 2017

By John Mauldin, February 19, 2017mauldin

“We have a system that increasingly taxes work and subsidizes nonwork.”

– Milton Friedman

“You must be the change you wish to see in the world.”

– Mahatma Gandhi

“Real change requires real change.”

– Former Speaker of the House Newt Gingrich

Today we come to part 3 of my tax reform series. So far, we’ve introduced the challenge and begun to describe the main proposed GOP solution. Today we’ll look at the new and widely misunderstood “border adjustment” idea and talk about both its good and bad points. What follows may make more sense if you have first read part 1 and part 2. Next week we’ll explore what I think would be a far superior option, though one that is based on the spirit of the current proposal. If House leadership thinks they can get the present proposal through (doubtful), then they should stop messing around and do something really controversial by changing the entire terms of engagement. As my friend Newt Gingrich has often told me, “John, real change requires real change.”   Den Rest des Beitrags lesen »

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President Trump, White House Apprentice

Posted by hkarner - 21. Februar 2017

Date: 20-02-2017
Source: The New York Times

trump-flag-ccPresident Trump
It’s with a whiff of desperation that President Trump insists these days that he’s the chief executive Washington needs, the decisive dealmaker who, as he said during the campaign, “alone can fix it.” What America has seen so far is an inept White House led by a celebrity apprentice.

This president did not inherit “a mess” from Barack Obama, as he likes to say, but a nation recovered from recession and with strong alliances abroad. Mr. Trump is well on his way to creating a mess of his own, weakening national security and even risking the delivery of basic government services. Most of the top thousand jobs in the administration remain vacant. Career public servants are clashing with inexperienced “beachhead” teams appointed by the White House to run federal agencies until permanent staff members arrive. Den Rest des Beitrags lesen »

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HOW MANY DAYS BEFORE PRESIDENT PENCE?

Posted by hkarner - 20. Februar 2017

Date: 19-02-2017
Source: NewsWeek

pence-wikipediaThe vice president could make a convincing case it is too risky to leave Trump in power.

The news of the forced resignation of National Security Adviser Michael Flynn, due to the scandal that he, as a private citizen, spoke to the Russian ambassador in December after President Barack Obama issued sanctions on Russia for their aggressive behavior, has rocked the Donald Trump Presidency.

Trump, already under fire by many conservatives and Republicans for his “bromance” with Russian President Vladimir Putin, is suspect as to his loyalty to traditional American foreign policy, as a result of him having hired Flynn in the first place.

Critics had observed that Flynn seemed unreliable and had poor judgment. Former colleagues darkly joked that there were “Flynn facts,” a reference to his penchant for making up stuff. Flynn had also been criticized for being too close to Putin. At the Republican convention he joined in a chorus of “Lock her up!” a reference to Hillary Clinton.

Many foreign policy professionals are shaking their head at Trump’s inappropriate behavior and language every time he speaks in public, or issues a Twitter comment, and his instability and recklessness.

His having a security meeting over the North Korean missile test in public space at dinner in full vision of other guests is a sign of his failure to act responsibly. His abrupt ending of a phone call to the Australian Prime Minister, our loyal ally in four wars in the past hundred years, is alarming. Den Rest des Beitrags lesen »

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Trump Team’s Growth Forecasts Far Rosier Than Those of CBO, Private Economists

Posted by hkarner - 19. Februar 2017

Date: 18-02-2017
Source: The Wall Street Journal

While there are often disparities between the White House and independent agencies on growth projections, they are rarely this large

WASHINGTON—The Trump administration has drafted preliminary economic growth forecasts in its federal budget planning that rely on assumptions that are far rosier than projections made by independent agencies and most private forecasters, according to several people familiar with the discussions.

The forecasts are being revised, these people said, following an internal debate. One concern is that pressing staff economists to produce aggressive forecasts might undercut the credibility of top appointees forced to later defend those numbers.

The deliberations show the challenge the administration faces as it tries to reconcile the competing goals of cutting taxes, boosting military and infrastructure spending, preserving Medicare and Social Security programs and keeping budget deficits from soaring. Den Rest des Beitrags lesen »

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Scott Pruitt: Controversial Trump environment nominee sworn in

Posted by hkarner - 18. Februar 2017

http://www.bbc.com/news/world-us-canada-39010374

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