Sunday, March 26, 2017

Magnus: China Must Reform or Bust

China’s debt markets are looking more and more like the West, circa 2007. And it’s not clear the government can intervene as successfully.

Links 3/25/17

Trade Illusion and Disillusion: A Cyclical Phenomenon

Weakness in global trade growth is related to the high volatility and pro-cyclicality of real trade flows.

Taxcast: Staggering Expense of Finance Sectors, Brexit

On Tax Justice Network’s Taxcast, Professor Gerald Epstein weighs in on the cost and dangers of major finance centers.

2:00PM Water Cooler 3/24/2017

Today’s Water Cooler: AHCA vote today, new cold war, durable goods, new home sales, the Box Club, Amazon, Chelsea Clinton, Case-Deaton, Alexa

Trump Approves Keystone XL Pipeline, Making Good on Campaign Promise

Although additional regulatory approvals, lawsuits, and protests loom, the controversial Keystone XL pipeline now looks likely to proceed.

Links 3/24/17

Airline Cabin Laptop Ban: More Security Theater?

US + UK ban laptops and other electronics from cabin baggage on flights from Mid East: Why? Airlines scramble in response, lame jokes ensue.

Trump EPA Cuts Will Hamper Efforts to Enforce Lead Standards for Drinking Water

TRNN interview with Erik Olson discussing water safety in the US, where 18 million people are served by water systems with lead violations.

ICCT Skewers Trump Regulatory Rollback Argument: Estimates Lower Costs for Meeting CAFE Standards than EPA

Costs of meeting CAFE standards may be 40% lower than EPA estimates; implementing common standards may reduce uncertainty and help carmakers.

Hope to See You at Our Chicago Meetup Tonight

Don’t forget our Chicago meetup tonight!

2:00PM Water Cooler 3/23/2017

Today’s Water Cooler: NAFTA, AHCA maneuvers and whip counts, open borders, manufacturing, new home sales, Oroville dam, new Case-Deaton study

Competition From China Reduced Innovation in the US

Reduced innovation is another reason to question using China as America’s outsourced manufacturer.

Links 3/23/17

Supreme Court Decides For Workers and Against Private Equity in Important Bankruptcy Case, Jevic

The Supreme Court slaps down lower courts and gives workers a key bankruptcy court win in Czyzewski v. Jevic Holding Corp.