User: newstrust Topic: US Economy
Category: Jobs
Last updated: Dec 07 2016 19:37 IST RSS 2.0
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Abbreviated Pundit Round-up: More on election results and what voters really wanted 7.12.2016 Daily Kos
x The fact that @PatMcCroryNC lost and Trump won in NC is a pretty good case against arguments that "identity politics" cost Dems the election  Derek Thompson /Atlantic nails it: The Dangerous Myth That Hillary Clinton Ignored the Working Class To many white Trump voters, the problem wasn’t her economic stance, but the larger vision—a multi-ethnic social democracy—that it was a part of. After the election, some people called for  an end to “identity politics”  that promotes niche cultural issues over economic policy. But any reasonable working-class platform requires the advancement of policies that may  disproportionately help non-whites . For example, hundreds of thousands of black men  stay out of the labor force  after being released from prison sentences for non-violent crimes. For them and their families, criminal justice reform is essential economic reform, even if poor whites see it as a distraction from that “real” issues that bedevil the working class, like trade policy. The long-term future of ...
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Letter: Mass deportation is a losing proposition 7.12.2016 Salt Lake Tribune
With an estimated 11 million to 15 million undocumented people in the United States, immigration reform has been one of the center topics for the recent presidential election. With the outcome of the election, President-elect Donald Trump’s administration has spurred uncertainty about the undocumented communities within the states. Moreover, Trump’s campaign promise to go forth with mass deportation has more negative outcomes than the benefits he believes it has. The loss of the undocumented po...
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Trump, Wherefore Art Thou? 7.12.2016 The Moderate Voice
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Donald Trump was elected American president on a surge of populism, promising to bring manufacturing jobs back, deport immigrants, build a wall at the nation’s southern border (which Mexico would pay for), and generally make things better for America’s workers and middle class. He also promised to drain the swamp of Washington insiders and lobbyists, [...]

The post Trump, Wherefore Art Thou? appeared first on The Moderate Voice.

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Can Trump’s Wild One-Off at Carrier Combat Corporate Welfare? 7.12.2016 American Prospect
AP Photo/Evan Vucci Workers watch as President-elect Donald Trump and Vice President-elect Mike Pence visit the Carrier factory, Thursday, December 1, 2016, in Indianapolis, Indiana.  Say what you will about his hot-mess way with issues, but President-elect Donald Trump has already raised the cause of manufacturing jobs higher than any president in memory. His maneuver with United Technologies that convinced Carrier Corp. to keep 800 jobs in Indiana has drawn both praise and scorn. But by casually endorsing interstate job wars, Trump has also invited a sorely needed debate over a truly egregious aspect of corporate welfare. The Indianapolis deal is clearly a one-off with no policy precedents to benefit any other workers. But it has cued up an issue that progressive advocates can embrace and that should force Trump supporters to grapple with tough questions. Specifically: Trump’s America First populism could be channeled to make real progress toward curbing wasteful taxpayer giveaways to footloose ...
Myanmar fears currency slide as Fed hike looms 7.12.2016 Salt Lake Tribune
Myanmar’s central bank is braced for a deeper slide in the nation’s currency and has little scope to tackle the decline after the kyat fell the most in Asia, according to one of the monetary authority’s top officials. The kyat has weakened about 10 percent against the dollar in the past six months, data compiled by Bloomberg show. The drop could deepen if the U.S. Federal Reserve increases interest rates this month as expected, said U Win Thaw, the director general of the foreign-exchange manage...
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Trump economy poses big risk, high reward for California 7.12.2016 LA Times: Business

California is at the epicenter of some of the most fundamental changes Donald Trump has proposed for the national economy, in trade and immigration.

About 40% of all goods arriving in the United States by sea come through the state’s ports. And more than a quarter of all undocumented immigrants...

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Jonathan Johnson: PSC should reject Rocky Mountain's solar plan 7.12.2016 Salt Lake Tribune
In 2010, Utah unveiled a 10-year strategic plan to place the state at the forefront of solving the world’s energy challenges. Six years later, affordable rooftop solar power is at risk of disappearing from Utah — and with it, thousands of jobs and millions of dollars from our economy. Last month, just one day after the election, Rocky Mountain Power (RMP) asked the Utah Public Service Commission (PSC) to drastically raise rates for Utah homeowners who invest in rooftop solar through a “transiti...
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New partnership with U. aims to crank up Utah's manufacturing sector 7.12.2016 Salt Lake Tribune
No longer “dark, dirty and dangerous,” Utah manufacturing is a business increasingly driven by knowledge and technology, say those who want to help it grow. After months of preparation, the University of Utah’s College of Engineering launched a new expertise-sharing center Tuesday to assist the state’s more than 3,000 manufacturing companies boost their productivity and expand jobs. With 125,000-plus Utahns employed in the sector — 9.1 percent of the state’s workforce — the U.’s new Manufacturin... <iframe src="" height="1" width="1" > </frame>
Pulling the Lever for Doomsday: How Donald Trump Changed Everything 6.12.2016
Backlit by a spotlight, Donald Trump gestures as he speaks during a campaign event at Regent University in Virginia Beach, Virginia, October 22, 2016. (Photo: Damon Winter / The New York Times) John Feffer's striking new dystopian novel Splinterlands is a look back at our world from the shattered Earth of 2050. Feffer's novel has come to read ever less like futuristic fiction and ever more like a vivid journalistic report on the latest developments in our distressed, Trumpian universe. With that in mind, we asked him today to return to the world of Splinterlands and launch the book at this website by offering us the view not of the "geo-paleontologist" Julian West, the central figure in his novel, but of West's ex-wife, Rachel Leopold, herself looking back from 2050 on the planet that Donald Trump's election helped produce. Slip under the covers and read it late tonight! -- Tom Engelhardt *** I didn't vote in the pivotal American election of 2016. Thirty-five years ago, in that unseasonably warm month of ...
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For U.S. students, math is too hard to master 6.12.2016 Minnesota Public Radio: Law & Justice
Perhaps we just acknowledge that math isn't really our thing. U.S. teenagers bombed on an international test for 15 years olds, with scores declining in math compared to 60 other countries.
What’s next for tech companies in the Brexit debate 6.12.2016 TechCrunch
 Crowdpac’s Steve Hilton, a passionate advocate of Brexit, has few points of agreement with Daniel Korski, a former advisor to David Cameron and an organizer of the Remain campaign. But the two could agree on at least one thing — the U.K. is headed for a so-called hard Brexit that will have negative ramifications for the technology and business sectors. “My sense is that they… Read ...
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Open letter about climate change from scientists to Trump 6.12.2016 Boing Boing
More than 800 American energy and Earth science researchers have signed a letter to Donald Trump outlining six steps they're urging him to take to address human-caused climate change to protect “America’s economy, national security, and public health and safety.” The letter is accompanied by a public petition to " Tell Trump To #ActOnClimate ." Here is that open letter: To President-elect Trump We, the undersigned, urge you to take immediate and sustained action against human-caused climate change. We write as concerned individuals, united in recognizing that the science is unequivocal and America must respond. Climate change threatens America’s economy, national security, and public health and safety. Some communities are already experiencing its impacts, with low-income and minority groups disproportionately affected. At this crucial juncture in human history, countries look to the United States to pick up the mantle of leadership: to take steps to strengthen, not weaken, this nation’s ...
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UK tech leaders call on Government to ensure Britain’s post-Brexit tech future 6.12.2016 techCrunch
 TechCrunch, in partnership with some of the UK’s best known entrepreneurs and VC’s, announced today at TechCrunch Disrupt London a set of key recommendations for government about its approach to the tech startup industry in a ‘post-Brexit’ Britain. The panel of nine key figures have set out the issues that must be addressed during Brexit negotiations, to ensure the… Read ...
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Money Trumps Expectations: Investment Politics in 2016 6.12.2016
Donald Trump's victory surprised those who expected the better-funded Hillary Clinton to win. But the indirect process of steering a republic via investor coalitions is a tricky one. After the 2010 elections, corporate funders realized that anti-government sentiment can sometimes turn against the very public bodies corporations rely upon. Donald Trump arrives for a campaign event at Gilley's Club in Dallas, Texas, June 16, 2016. Trump's victory surprised those who expected the better-funded Clinton to win. But the indirect process of steering a republic via investor coalitions is a tricky one. (Photo: Eric Thayer / The New York Times) The dominance of money in American politics is now well-recognized, to the extent that even pro-market Republicans must run as if they're against corporate control of politics. Trump claimed to be running against the hedge-fund billionaires, and even his multidimensionally hideous Republican primary rival Ted Cruz fudges the ruling classes into the "Washington cartel." But ...
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South Korea's Park would leave economy mired in challenges 6.12.2016 AP Business
SEOUL, South Korea (AP) -- The heir to the Samsung empire and other tycoons took a public drubbing by lawmakers Tuesday over deep-rooted ties between politics and business that helped drive South Korea&apos;s economic ascent but are central to its political crisis....
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Math a concern for US teens; science, reading flat on test 6.12.2016 AP National
WASHINGTON (AP) -- American students have a math problem....
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Open thread for night owls: Loomis—'Towards a working-class environmentalism' 6.12.2016 Daily Kos
Erik Loomis at The New Republic writes— Towards a Working-Class Environmentalism : Environmentalism’s reputation as a rich white social movement will have enormous negative consequences. A few years ago, I was in Cleveland to talk to environmental justice activists who were trying to organize mostly African Americans in the city’s poorest neighborhoods. As many scientists, historians, and environmental justice scholars have noted, climate change will disproportionally affect the poor, which in the United States means predominantly people of color. Working class Americans who lack air conditioning die in heat waves; higher temperatures in cities lead to cockroach infestations, which lead to high asthma rates; and scorching inner city heat islands lead to heat strokes. Despite these facts, the people in Cleveland who saw these presentations responded that climate change reminded them of polar bears drowning. Until environmentalists can effectively address the concerns and anxieties of working-class ...
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Big Ag Just Got A Big, Wet Kiss From Paul Ryan 6.12.2016 Mother Jones
Asked by 60 Minutes' Scott Pelley what he expected to "get through the Congress" in 2017, US Speaker of the House Paul Ryan (R.-Wisc.) echoed a theme articulated by Donald Trump's agricultural advisers during the campaign: that an unnamed but onerous set of regulations is somehow strangling the nation's farmers. Here's Ryan (emphasis added; starts about 4:25 in the video above): We really want to focus on economic growth and growing the economy. There are a lot of regulations that are really just crushing jobs. Look at the coal miners in the Rust Belt that are getting out of work. Look at the— look at the loggers and the timber workers and the paper mills in the West Coast. Look at the ranchers or farmers in the Midwest with regulations. It's unclear exactly what legislative remedy Ryan foresees to this allegedly crushing regulatory burden. The farm-state politician has his finger on a real problem: cattle ranchers and Midwest fcrop armers are indeed suffering hard times. But it's not the cruel ...
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Trump considering fast-food CEO for labor secretary 6.12.2016 The Hill
President-elect Donald Trump is reportedly considering fast-food CEO Andrew Puzder for Labor Secretary.Citing a transition officer who was not allowed to speak publicly about the process, ...
Instead of 'hope and change' Obama gave progressives Trump 6.12.2016 The Hill
OPINION | Trump inherits Obama's neo-liberal train wreck.
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