by Dave Johnson | Aug 14, 2015 | Blog, Trade
China had been setting a too-low exchange rate for their currency, thereby exporting unemployment. Then early this week their bank made a move and the currency plunged. The next day another plunge, then another. China declared this was because they are allowing their...
by Dave Johnson | Aug 14, 2015 | Blog, Jobs and Growth
Divide and conquer works. When you face a strong enemy it's always a good strategy to find ways to break them apart into smaller units that can be fought separately. A state initiative to gut California's public-employee pension and healthcare benefits is trying to do...
by Dave Johnson | Aug 12, 2015 | Blog, Jobs and Growth
Republicans have tried various tactics to weaken or just get rid of unions, and that includes public employee unions. Here is the latest scheme: GOP senators are setting out to ban public employee unions, claiming they are partisan political organizations and that...
by Dave Johnson | Aug 12, 2015 | Blog, Trade
"What is good for growth in China is unfortunately bad for everybody else." – Bill McQuaker, co-head of the multi-asset team at Henderson Global Investors, quoted in Reuters China on Monday announced it is lowering the value of its currency about two percent in order...
by Dave Johnson | Aug 7, 2015 | Blog
Republican presidential candidate Jeb Bush says he has a secret plan to bring the economy up to 4 percent annual growth. The White House responds that 4 percent growth is not achievable. The Congressional Progressive Caucus People's Budget shows it is, but certainly...
