Josh: Yes, but that’s been holding up reasonably well so far. Wage growth is down compared to a few months ago but is stronger than it has been through most of this expansion, stronger than it was under Obama. Essentially it is catching up: The labor market has finally gotten somewhat tight, and so the economic growth we had earlier in the decade is translating into wage growth now. That catch-up growth — workers getting what had been going to shareholders — can continue even if economic expansion cools, so long as the labor market stays tight. … [Read more...] about Why Is the Stock Market Doing So Well?
Disintermediation capital markets
The three-story, 160,000-square-foot building at 10344 Sam Houston Parkway is fully leased to three tenants. The building was completed in 2013 and sits on 8.5 acres. … [Read more...] about JLL lines up refinancing for NW Houston office building
The trade deal doesn’t include an agreement on what’s known as “data exclusivity,” which temporarily stops rival firms from using data from the original maker of a product to develop their own versions. Drugmakers have been seeking greater protection for their branded medicines in emerging markets for years. It was a key part of the Trans-Pacific Partnership, the 12-nation deal that excluded China and was canceled when Trump took office. … [Read more...] about How the U.S.-China trade deal will ripple through food, finance and energy
This is where the brand-new Socialist Majority Caucus, which seeks to be more inclusive, comes in. Beyond that, there are the libertarian socialists, or anarchists, who are skeptical of electoral work. There is the North Star Caucus, which is holding down the old “left wing of the possible” line. At the Verso party, I ran into a libertarian-socialist guy whom I hadn’t seen since college, and who told me that “North Star is the worst thing you can call someone in DSA.” Then there are disbanded groups like the ReFoundation caucus, which was populated by Fidel Castro sympathizers and Stalinoid tankies. Finally, there are all the nondenominational socialists, who couldn’t care less and just want to do the work. And while the sheer amount of random stuff going on every night can feel like leftist self-parody — “eco-socialist working group”; “North Brooklyn Night School Session 19 — The Lenin Controversy” — … [Read more...] about Pinkos Have More Fun
This, of course, is nonsense. Voluntary exchange of labor for wages is, as stated, voluntary, and the fact that there are many people willing and able to labor in the manufacture of widgets is presumably responsible for lower wages. Companies that refuse to pay their workers market wages will soon watch those workers migrate to other businesses or other industries. … [Read more...] about Ben Shapiro: AOC preaches economic nonsense leading to exploitation, tyranny and loss of our rights