Intercompany Guarantee Fees and Trump’s Lido City Loan Matthew Yglesias notes: Trump stands to gain from an Indonesian project that got a $500 million loan right before he flip-flopped on ZTE… But it also happened the same week a Chinese state-owned company came through with hundreds of millions of dollars in loans, some of which will […]
The State of Michigan Legislature is applying for an ACA Waiver as I pointed out in my post Why States Should Not Be Allowed to Alter the ACA with Waviers This is a relief valve for “counties” with high unemployment. In effect if Michigan counties have a high unemployment rate (8.5% or above), the unemployed […]
(Dan here…unemployment rates were about the same at 3.1 per cent (M) and 3.0 per cent (W). Taking a look at other measures of the success of an economy for the average person is well displayed here) Via
Having talked about the proposed state High Risk Pools and why they are bad; Charles Gaba at ACASignups.net turns his attention to the proposed Short Term Plans and why they are also bad. Keep in mind the proposed Short Term Plans are not the same as the ACA Catastrophic plans. Most of the protection found […]
Sorry for the title which is pure click bait. I would like to discuss a reform of the Stability and Growth Pact proposed by Agnès Bénassy-Quéré Markus Brunnermeier, Henrik Enderlein, Emmanuel Farhi, Marcel Fratzscher, Clemens Fuest, Pierre-Olivier Gourinchas, Philippe Martin, Jean Pisani-Ferry, Hélène Rey, Isabel Schnabel, Nicolas Véron, Beatrice Weder di Mauro, and Jeromin Zettelmeyer […]
CBO Director Keith Hall responded to a request from House Majority Leader Kevin McCarthy to project the impact of the $7 billion CHIP rescission package. The CBO letter estimates that the rescission “would not affect outlays, or the number of individuals with insurance coverage.” Well this is good news, I guess? Except, the key here […]
Two real economic consequences of the Trump presidency Next week we will be 1/3 of the way through Trump’s Presidential term. Last year I used to point out that it was really still Obama’s economy, as the GOP had failed to pass, nor Trump commence, any economic policy of consequence. That is no longer the […]
February of this year and Mick Mulvaney already started to dismantle the CFPB by stripping the agency’s fair-lending office of enforcement powers reducing oversight and penalties for firms that discriminate against borrowers. Enforcement of fair-lending laws is governed by the 2010 financial reform law. Taking away the agency’s enforcement powers creates a vacuum making it […]
Blowing Up The Iran Nuclear Deal This is probably Donald Trump’s biggest mistakes, his refusal to certify Iran’s compliance with the JCPOA nuclear deal with Iran and his fullout abrogation of it by announcing the reimposition of full economic sanctions against Iran, although we had not fully undone those sanctions anyway. An immediate victim in […]
In the Public Interest has published a new report (pdf) on the impact of charter schools and public school funding in CA: In a first-of-its-kind analysis, this report reveals that neighborhood public school students in three California school districts are bearing the cost of the unchecked expansion of privately managed charter schools. In 2016-17, charter […]