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Week-end Wrap – Political Economy – April 20, 2019
This post is by Tony Wikrent I have been looking at the work of Cornell
University law professor Robert Hockett, who is serving as an economics
adviser to Representative Alexandria Occasio-Cortez. I have been delighted
to find that Hockett has been working the same angle I have: applying
the classical republicanism that informed the creation of […]
The Republican party has been wrong.
https://en.wikipedia.org/wiki/History_of_central_banking_in_the_United_States
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Hotels: Occupancy Rate Increased Year-over-year
From HotelNewsNow.com: STR: US hotel results for week ending 13 April
The U.S. hotel industry reported positive year-over-year results in the
three key performance metrics during the week of 7-13 April 2019, according
to data from STR.
In comparison with the week of 8-14 April 2018, the industry recorded the
following:
• *Occupancy: +2.4% to 69.9%*
• Average daily rate (ADR): +4.4% to US$136.25
• Revenue per available room (RevPAR): +6.9% to US$95.22
emphasis added
The following graph shows the seasonal pattern for the hotel occupancy rate
using the four week average.
[image: Hote... more »
People are traveling more.
3
How Michael Cohen Turned Against President Trump
The president’s longtime fixer had, for months, sought “a little loving and
respect.” Confidential emails and texts chronicle their momentous falling
out.
Michael Cohen did not receive moral and financial support he expected.
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Why It Matters That Trump and Michael Cohen Had a Falling Out
As Mr. Trump’s longtime fixer, Mr. Cohen had an intimate view of his boss’s
personal and professional lives. The collapse of their relationship has
cast a shadow on the presidency.
Conspiracy to obstruct justice.
5
How 2020 Democrats Are Gaming Out Trump Impeachment Quandary
Most candidates feel no pressure to demand President Trump’s impeachment
because they do not hear a clamoring for it on the campaign trail.
Trump cannot yet be removed from office.
The preperation is begun.
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Catching Up on the Mueller Report: What’s Next?
A redacted version of the Mueller report was published. Here is what you
need to know about it, President Trump’s response and what Congress might
do next.
I do not need to guess.
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Mueller Witnesses Who Once Served in White House Now Fear Trump’s Ire
Witnesses whose accounts contributed to the Mueller report’s damaging
portrait of the president are said to be concerned about his potential
retaliation.
History guides them.
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Prodded by Putin, Russians Sought Back Channels to Trump Through the Business World
The Mueller report shows how Russia’s efforts to connect with the Trump
team spun into high gear after the election as the Kremlin dispatched
oligarchs and bankers to find inroads.
Putin knows Trump and his limited mind.
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Times Insider: A Reader’s Guide to the Journalism Behind the Mueller Report
If some of the revelations in Robert S. Mueller III’s long-awaited report
sound familiar, it’s because many of them were previously published by The
New York Times and other news outlets.
The journalists have been working.
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Schedule for Week of April 21, 2019
The key reports this week are the advance estimate of Q1 GDP, and March New
and Existing Home Sales.
For manufacturing, the April Richmond and Kansas City manufacturing surveys
will be released.
*----- Monday, Apr 22nd -----*
8:30 AM ET: *Chicago Fed National Activity Index* for March. This is a
composite index of other data.
[image: Existing Home Sales]10:00 AM: *Existing Home Sales* for March from
the National Association of Realtors (NAR). The consensus is for 5.30
million SAAR, down from 5.51 million.
The graph shows existing home sales from 1994 through the report last month.
... more »
CR will "keep hope alive"
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White House Memo: ‘I Do Not Remember’: Trump Gave a Familiar Reply to the Special Counsel’s Queries
President Trump has claimed that he has “one of the world’s greatest
memories,” but that failed him repeatedly when answering questions from
Robert Mueller.
Dementia if true.
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Republicans Offer Health Care Bills to Protect Patients (and Themselves)
Congressional Republicans say they fully support protections for people
with pre-existing conditions, but their bills would provide less protection
than the Affordable Care Act.
The placebo effect might work for Republicans.
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Should a White Man Be the Face of the Democratic Party in 2020?
Interviews with several dozen Democrats show how the party, which enjoyed
2018 victories powered by female and nonwhite candidates, is grappling with
questions about race and gender in the Trump era.
The Democrats must win.
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On Politics: The Biggest Stories of the Week
It’s been a busy week in American politics. Here are some of the stories
you might have missed.
https://www.youtube.com/watch?v=Bogz2xZy-bo&list=PLH-AyO_ods7nFRDcSCiOai7QhXVOIKBT3
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Judge Delivers Major Setback to Trump Policy to Increase Coal Mining on Federal Land
The Interior Department acted illegally when it sought to lift an Obama-era
moratorium on coal mining on public lands, a court found.
I hope it is permanent.
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Giuliani Attacks McGahn’s Account to Mueller
President Trump’s personal lawyer said statements about Mr. Trump from the
president’s former White House counsel were inaccurate.
Giuliani does not know acuracy.
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Reaction to Mueller Report Divides Along Partisan Lines
In an era of deep polarization, Mr. Mueller’s 448-page report quickly
became yet another case study in the disparate realities of American
politics.
Yes.
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Florida Man Charged in Racist Threats Against Cory Booker and Rashida Tlaib
The man, John J. Kless, of Florida, made phone calls laced with slurs to
the lawmakers, and to another member of Congress in California, on April
16, according to court records.
He is a stupid man.
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News Analysis: Mueller’s Silence Allowed Openings for Trump and Barr to Shape Perception of Inquiry
The special counsel has been absent in public and silent about the case,
insulating his office from accusations of leaks but allowing the president
and his allies to shape expectations.
Spin distorts facts.
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A Darker Portrait Emerges of Trump’s Attacks on the Justice Department
The Mueller report showed that Justice Department leaders were more deeply
under siege than previously known.
Trump's only concern is winning.
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