Economics of the US Economy (econusa) group

LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 13-Nov-2021 02:47:59 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
US prices rising at 6.2% annual rate, fastest in over 30 years https://www.bbc.co.uk/news/business-59236432

!econusa
In conversation about 2 months ago from web permalink
Attachments
1. US prices rising at 6.2%, fastest rate for three decades
  
  from https://www.facebook.com/bbcnews
  
  Prices rose 6.2% in the year to October, pushed up by higher costs for food and fuel.
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Monday, 18-Oct-2021 16:35:37 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
in reply to
- Economics of the US Economy
- a Claes unto himself 🇸🇪🇭🇰
@clacke Smaller studies in localized areas suggest the same thing.

Also anecdotes, such as the shopping mall that overlapped two cities' mutual boundary. When one city raised its minwage, shops in their side of the mall were besieged with applications from people working in the other side. Some employers on the low-wage side ended up matching the high-wage side's pay scale in order to keep employees.

And this was before coronavirus, so government unemployment subsidies were not the cause. !econusa

In conversation about 3 months ago from mustard permalink
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Sunday, 17-Oct-2021 01:44:03 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
in reply to
- LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
!econusa

Following from https://nu.federati.net/notice/3382919

I also remember the concerns that it was easier to make money by being a financier than by making and selling things ... which is not a good thing by any means.
In conversation about 3 months ago from web permalink
Attachments
1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Sunday, 17-Oct-2021 01:41:16 UTC - Federati Nu: Federated N-series GNU Social
  
  https://www.theguardian.com/commentisfree/2021/oct/01/america-supply-chain-shortages [www theguardian com] Seen in the trees. This is all stuff that we knew could happen since at least the 1990s. I remember when industry leaders were praising "lean manufacturing", in which their supplies would be delivered just in time and their production would modulate to fit demand, so that inventories would be a thing of the past. Others were pointing out that if your supplier is halfway across the country, there's always going to be some risk of delayed shipments ... and that therefore, it would always be necessary to hold inventory. Some were pointing out that large companies tend to be inflexible and unresponsive, and that the existence of smaller, more nimble (and more local) competitors was essential to US competitiveness, even if that meant that products and services cost a little more.
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 08-Oct-2021 20:55:32 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
https://www.bbc.co.uk/news/business-58847328

Leaders of over 100 nations agree to 15% minimum corporate tax rate, some limits on profit-shifting.

Just from what I read in the article, I'm convinced the rate is too low, and that the pact will fail to produce the desired results. Specifically, I believe corporate taxes should be on a unary system (allocated by where the related activities take place). So if #Apple makes most of its profit by selling iDevices in the USA, regardless of its profit-shifting techniques, taxation belongs here.

!econusa
In conversation about 3 months ago from web permalink
Attachments
1. Nations agree to 15% minimum corporate tax rate
  
  from https://www.facebook.com/bbcnews
  
  The historic deal is designed to make big corporations pay a fairer share of tax around the world.
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Monday, 27-Sep-2021 17:38:08 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
- Small Business, Owner-managed business, family-owned business, locally-owned business
US Census Bureau: Celebrate "Manufacturing Day":{https://www.census.gov/mfgday} ... this page links major census numbers about manufacturing and its impact on the economy.

!smallbiz #business !econusa

In conversation about 4 months ago from mustard permalink
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Wednesday, 30-Jun-2021 20:00:54 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
Congressperson: The Federal Reserve is "Dogecoining the US dollar" https://decrypt.co/72818/federal-reserve-dogecoining-us-dollar-rep-davidson [decrypt co]

#The_Fed #BTC #Bitcoin #Dogecoin #USDollar #cryptocurrency !econusa

Obviously, there is a point where the combination of the Fed's policies and Congress's borrow-and-spend policies will trigger inflationary price increases. No one knows for certain where that point is, but the Fed's operative assumption is based on doubling the money supply in one year during the 2008-2011 recession without any perceptible impact on prices.
In conversation about 7 months ago from web permalink
Attachments
1. Federal Reserve Is 'Dogecoining the US Dollar': Rep. Davidson - Decrypt
  
  from Decrypt / Jeff Benson
  
  Bitcoin proponents Rep. Warren Davidson and Sen. Cynthia Lummis took aim at the Fed's monetary policy at the Bitcoin 2021 conference in Miami.
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 18-Sep-2020 20:23:47 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
- Small Business, Owner-managed business, family-owned business, locally-owned business
US #CensusBureau "Pulse" survey:

* 55.0% of US !smallbiz did not furlough or lay off any paid employees after 2020-03-13

* 44.5% have experienced a moderate negative effect from the #COVID-19 pandemic

* 43.9% believe that more than 6 months will pass before business returns to normal

* 48.2% of US retail trade businesses experienced domestic supplier delays in the past week.

!econusa

In conversation Friday, 18-Sep-2020 20:23:47 UTC from web permalink
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 17-Jul-2020 21:55:37 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
https://www.nytimes.com/2020/06/17/upshot/coronavirus-spending-rich-poor.html [www nytimes com]

Richest Americans cut spending the most, causing a trickle-down meltdown that hurt the working poor.

#COVID-19 | #2019-nCoV | #SARS-CoV-2 | #coronavirus | !econusa
In conversation Friday, 17-Jul-2020 21:55:37 UTC from Shoyu permalink
Attachments
1. The Rich Cut Their Spending. That Has Hurt All the Workers Who Count on It.
  
  from By Emily Badger and Alicia Parlapiano
  
  The steepest declines in spending during the coronavirus recession have come from the highest-income places.
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Wednesday, 17-Jun-2020 16:58:22 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
https://nu.federati.net/url/270673

#Census data shows impact of #COVID-19 and shutdowns on #Smallbiz. !econusa
In conversation Wednesday, 17-Jun-2020 16:58:22 UTC from Shoyu permalink
Attachments
1. The Impact of Covid-19 on Small Business Owners: Evidence of Early-Stage Losses from the April 2020 Current Population Survey | SIEPR
  
  Social distancing restrictions and demand shifts from COVID-19 are expected to shutter many small businesses, but there is very little early evidence on impacts. This paper provides the first analysis of impacts of the pandemic on the number of active small businesses in the United States using nationally representative data from the April 2020 CPS – the first month fully
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Sunday, 14-Jun-2020 23:40:02 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
!econusa Economic recovery may be slowed if #COVID-19 measures implemented unevenly. https://nu.federati.net/url/270574 [www marketwatch com]
In conversation Sunday, 14-Jun-2020 23:40:02 UTC from Shoyu permalink
Attachments
1. Fed’s Kaplan worries economy’s recovery may be slowed if coronavirus health practices remain ‘uneven’
  
  from Greg Robb
  
  Dallas Fed President Robert Kaplan said Sunday health-care procedures to combat the coronavirus were just as important as government funding for the nascent...
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 05-Jun-2020 20:37:05 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
2.5 million jobs added in May, #unemployment rate falls. https://nu.federati.net/url/270260 [www wgrz com]

This was contrary to what most economists expected. !econusa
In conversation Friday, 05-Jun-2020 20:37:05 UTC from Shoyu permalink
Attachments
1. Unemployment rate falls to 13.3% as US adds 2.5 million jobs in May
  
  The May job gain suggests that businesses have quickly been recalling workers as states have reopened their economies.
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Monday, 25-May-2020 23:30:10 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
California retailers to be allowed to reopen https://abc7.com/business/california-to-allow-shopping-at-retail-stores-to-resume/6210809/ [abc7 com]

#COVID-19 | #2019-nCoV | #SARS-CoV-2 | #coronavirus disease 2019
!econusa
In conversation Monday, 25-May-2020 23:30:10 UTC from Shoyu permalink
Attachments
1. Coronavirus: California to allow shopping at retail stores to resume, LA County to update health order
  
  from @abc7
  
  Officials announced they will update a health order to now allow all retailers to open in L.A. County. The announcement comes after officials said in-store shopping will be allowed throughout the state.
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Monday, 18-May-2020 05:25:08 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
in reply to
- LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
Okay, that was definitely worth reading. Adding the !econusa bangtag, so anyone interested in the US economy (group members) can see it.

https://themargins.substack.com/p/doordash-and-pizza-arbitrage
In conversation Monday, 18-May-2020 05:25:08 UTC from Shoyu permalink
Attachments
1. Doordash and Pizza Arbitrage
  
  from Ranjan Roy
  
  There is such a thing as a free lunch
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Wednesday, 06-May-2020 03:14:52 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
https://nu.federati.net/url/268804 [www irishexaminer com]

The pandemic and its related economic crisis could spur a new direction in governance.

#COVID-19 | #2019-nCoV | #SARS-CoV-2 #coronavirus disease 2019 !econusa
In conversation Wednesday, 06-May-2020 03:14:52 UTC from web permalink
Attachments
1. Kyran Fitzgerald: History suggests pandemic misery prompts New Deal economic thinking
  
  Global plagues and slumps leave human misery in their wake, but can also lead to major economic reforms, writes Kyran Fitzgerald
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 25-Apr-2020 18:56:07 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act !econusa

The Smoot-Hawley Tariff Act of 1930 is widely believed to have worsened and lengthened the Great Depression.
In conversation Saturday, 25-Apr-2020 18:56:07 UTC from Shoyu permalink
Attachments
1. Smoot–Hawley Tariff Act
  
  The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff, was a law that implemented protectionist trade policies in the United States. Sponsored by Senator Reed Smoot and Representative Willis C. Hawley, it was signed by President Herbert Hoover on June 17, 1930. The act raised US tariffs on over 20,000 imported goods.The tariffs under the act, excluding duty-free imports (see Tariff levels below), were the second highest in United States history, exceeded by only the Tariff of 1828. The Act and tariffs imposed by America's trading partners in retaliation were major factors of the reduction of American exports and imports by 67% during the Depression. Economists and economic historians have a consensus view that the passage of the Smoot–Hawley Tariff exacerbated the Great Depression. Sponsors and legislative history In 1922, Congress passed the Fordney–McCumber Tariff Act, which increased tariffs on imports. The League of Nations' World Economic Conference met at Geneva in 1927, concluding...
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 18-Apr-2020 16:24:11 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
- Small Business, Owner-managed business, family-owned business, locally-owned business
Economy: The #twin_parties' leadership stalls effort to replenish #COVID-19 related !smallbiz relief funds. !econusa

https://nu.federati.net/url/267761 [news yahoo com]
In conversation Saturday, 18-Apr-2020 16:24:11 UTC from web permalink
Attachments
1. Senators say leaders from both parties are stopping renewal of small business relief for coronavirus
  
  from @jonward11
  
  The $350 billion Paycheck Protection Program to aid small businesses is reportedly already used up, and leaders of both parties blame the other for holding up additional funding
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Tuesday, 14-Apr-2020 22:59:32 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
https://nu.federati.net/url/267522

!econusa
In conversation Tuesday, 14-Apr-2020 22:59:32 UTC from web permalink
Attachments
1. Stimulus checks: IRS rolls out new website to help non-filing Americans receive emergency payments
  
  from Jessica Menton
  
  The Treasury Department and the Internal Revenue Service launched a new web tool on Friday that will allow Americans to register for stimulus payments.
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 04-Apr-2020 18:07:38 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
- Brandon Hall
@bthall@bikeshed.party sent me this: https://nitter.net/DorsaAmir/status/1246077693889851392#m !econusa
In conversation Saturday, 04-Apr-2020 18:07:38 UTC from Shoyu permalink
Attachments
1. Invalid filename.
  
  Dorsa Amir (@DorsaAmir)
  
  Someone added the GameCube intro to my unemployment graph & it’s significantly better now.
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Thursday, 19-Mar-2020 05:32:37 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
Interesting figures on tax avoidance and its cost to our government & society. https://qoto.org/@freemo/103847952481183612

I have not attempted to verify any figures.

!econusa
In conversation Thursday, 19-Mar-2020 05:32:37 UTC from web permalink
Attachments
1. freemo: Interesting fact of
  
  from 🎓 Dr. Freemo :jpf: 🇳🇱
  
  Interesting fact of the day: In the USA current estimates have the total Tax Avoidance of the top 1% wealthy at 500 million per year collectively or 5 trillion per decade. By comparison the total tax avoidance of all the middle class and poor who work under the table totals about 2 trillion per year, four times more. Remind me again how the rich avoiding taxes are the main problem? Sources: https://www.cnbc.com/2019/11/19/tax-avoidance-by-the-rich-could-top-5-trillion-in-next-decade.html https://www.npr.org/2013/03/26/175361658/trillions-earned-under-table-as-more-work-off-radar?t=1584593997100 #uspol
LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Monday, 16-Mar-2020 17:07:16 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
- Economics of the US Economy
- Small Business, Owner-managed business, family-owned business, locally-owned business
https://nu.federati.net/url/265692 [www msn com]

President Trump and Congress working on another Paid Sick Leave bill for the #COVID-19 / #2019-nCoV / #SARS-CoV-2 #coronavirus outbreak ... this one sounds like it may pass. But it doesn't require large companies (the ones with the most resources) to match the requirements it places on smaller and medium size businesses. (Tax credits for smaller businesses) ... I'd also prefer to see them just send small and medium sized businesses #SMBs a check (or send it directly to the affected employees) instead of putting even more complexity in the tax code.

!econusa
!smallbiz
In conversation Monday, 16-Mar-2020 17:07:16 UTC from web permalink
Attachments
1. Paid sick leave: Who gets it during the coronavirus outbreak
  
  Most of America’s nearly 159 million workers will get access to some paid time off if they or their family are impacted by the coronavirus. Here’s a rundown of how it works.

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