2018-11-11 13:42:00 Sun ET
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Michael Bloomberg provides $80 million as campaign finance for Democrats to flip the House of Representatives in the November 2018 midterm elections, gears up his presidential bid, and eyes the Democratic nomination for 2020. Bloomberg now actively considers a presidential campaign as a Democrat in 2020, and he figures out that the Democrat nomination would be his only path to the White House even though he voices stark disagreements with many progressive proponents on bank regulation, law enforcement, and the recent #MeToo movement.
At age 76, Bloomberg is a financial media multi-billionaire and a former New York City mayor. On the economic front, Bloomberg considers himself more familiar with macro policy issues and reforms that would better shape U.S. real macro variates such as real GDP per capita, employment, and capital investment etc. Bloomberg has entertained the pragmatic idea of pursuing U.S. presidency many times before, and continues to show little preference for the rough-and-tumble tactics of partisan political discourse. There is a fair chance that Bloomberg receives the Democratic nomination to win the U.S. presidential bid against President Trump. This putative scenario might overturn the Trump set of both supply-side fiscal stimulus and bank deregulation with more realistic structural reforms in education, residential estate, and financial market stabilization.
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2019-06-29 17:30:00 Saturday ET
Nobel Laureate Joseph Stiglitz proposes the primary economic priorities in lieu of neoliberalism. Neoliberalism includes lower taxation, deregulation, socia
2018-03-06 11:35:00 Tuesday ET
The Trump team blocks Broadcom's bid for Qualcomm due to national economic security concerns and 5G telecom network issues. Broadcom makes microchips fo
2019-10-13 16:22:00 Sunday ET
Apple unveils 3 iPhone 11 models with new original video services and stars such as Oprah Winfrey, Jennifer Aniston, and Reese Witherspoon. Apple releases t
2019-05-07 09:30:00 Tuesday ET
The Trump team receives a 3.2% first-quarter GDP boost as Fed Chair Jay Powell halts the next interest rate hike in early-May 2019. This smooth upward econo
2018-08-01 11:43:00 Wednesday ET
Apple becomes the first company to hit $1 trillion stock market valuation. The tech titan sells about the same number of smart phones or 41 million iPhones
2018-09-01 07:34:00 Saturday ET
As the French economist who studies global economic inequality in his recent book *Capital in the New Century*, Thomas Piketty co-authors with John Bates Cl