Tag Archives: Regime Uncertainty

Trump’s criticism of Fed rate hikes recalls Nixon

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“Former President Richard Nixon arm-twisted Arthur Burns to maintain loose monetary policy as Nixon sought re-election in 1972. That didn’t work out particularly well: As the 1970s economy continued to grow, inflation took root thanks to low rates and remained stubbornly in place until the early 1980s.”

Read more: https://www.cnbc.com/2018/07/19/trumps-fed-criticism-is-nearly-without-precedent-in-us-history.html

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Feds secretly rolling out real estate cash reporting rules to more states

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“Officials no longer want to publicize what kind of transactions fall under the reporting requirement. They worry that making too much information public will give money launderers a road map to stay off the radar of regulators.”

Read more: https://www.miamiherald.com/news/business/real-estate-news/article213797269.html

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U.S. to impose ‘national security’ tariffs on uranium imports

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“The ‘Section 232’ probe was prompted by a petition filed by two U.S. uranium mining companies, Ur-Energy Inc and Energy Fuels Inc, complaining that subsidized foreign competitors have caused them to cut capacity and lay off workers.”

Read more: https://www.reuters.com/article/us-usa-trade-uranium/u-s-commerce-launches-national-security-probe-into-uranium-imports-idUSKBN1K81YM

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Foreign investment in the U.S. plunged 32% in 2017 amid global decline

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“Global foreign direct investment flows were down 18% in 2017 from the previous year and nearly 24% from its post-recession high in 2015, which the OECD attributed to a surge in financial and corporate restructuring.”

Read more: https://money.cnn.com/2018/07/11/news/economy/foreign-direct-investment-2017/index.html

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Washing Machine Tariffs Started the Trade War. Result?

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“Thank the Trump tariffs on imported washing machines, washing machine parts, steel, and aluminum for the largest three-month price increase—16.4% from February to May this year—in the 40-year history of the Bureau of Labor Statistics (BLS) series for Major Appliances: Laundry Equipment.”

Read more: https://fee.org/articles/washing-machine-tariffs-started-the-trade-war-result-largest-ever-three-month-increase-in-washing-machine-prices/

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IRS Now Blocking 362,000+ Americans From Getting Passports

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“The stated purpose of the bill was ‘to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes.'”

Read more: https://thepointsguy.com/news/irs-blocking-americans-from-getting-passports/

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After extracting $1 billion bribe from ZTE, Commerce Dept. partially lifts ban

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“The Commerce Department’s order should allow ZTE to at least partially resume operations, though it appears to be narrowly targeted to really only allow for maintenance and the benefit of customers, and not deployment of new products. By and large, the trade ban is still in place.”

Read more: https://www.theverge.com/2018/7/3/17532508/zte-ban-us-temporarily-lifts-security-updates

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European link tax, compulsory copyright scanning sent back to the drawing board

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“The law will now be sent for a full reconsideration and debate inside the parliament, during which activists will try and remove the controversial Article 11 and 13. Article 11 has been referred to by campaigners as instituting a ‘link tax’, by forcing tech companies like Google and Facebook to pay to use snippets of content on their own sites. Article 13 adds rules that make tech companies responsible for ensuring any copyrighted material is not spread over their platforms. Those rules could force technology companies to scan through everything their users post and check it doesn’t include copyrighted material.”

Read more: https://www.independent.co.uk/life-style/gadgets-and-tech/news/european-copyright-laws-memes-link-tax-article-13-11-a8432486.html

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India’s central bank shuts down all cryptocurrency exchanges

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“No research was done and no panel formed by the banking regulator before coming down heavily on the exchanges.”

Read more: https://qz.com/1321076/bitcoin-ban-how-rbi-choked-indias-cryptocurrency-ecosystem/

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New Jersey, already facing income tax flight, raises income tax again

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“New Jersey will soon learn that its residents aren’t tied to the land like medieval serfs in the feudal system. Governments still have this antiquated view, but it’s no longer valid.  Americans who want to legally avoid state income tax can easily move to Florida, Texas, and the handful of other states with no state income tax.  And those who want to legally avoid federal income tax can move to Puerto Rico.”

Read more: https://www.sovereignman.com/tax/the-state-of-new-jersey-just-signed-its-own-death-warrant-23939/

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