White House explains why its visareforms are a big deal for the U.S.
economy
11.10.14 –CNN Money
by Penny Prtizker andJeff...
FewerU.S.small-businessownerssaidinOctoberthattheyplanto raise wagesincoming
monthsafter19 percentsaidtheyrecentlyboostedc...
askedbyreporterswhetherhe plannedtoshiftthe Senate tothe politicalmiddle inhopesof
reachingaccord withPresidentObamaandDem...
Currentand ProspectiveMember Companies –
Comcast Pushing Ahead on Time Warner Cable Deal
11.12.14 –Wall Street Journal
by ...
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Press clips 1113

Published on: Mar 4, 2016
Source: www.slideshare.net


Transcripts - Press clips 1113

  • 1. White House explains why its visareforms are a big deal for the U.S. economy 11.10.14 –CNN Money by Penny Prtizker andJeffrey Zients People naturallythink of boostingexportsasshippingmore productstofarawaylands,but whentravelerscome fromafarto spendmoneyhere,thatgenerateseconomicactivityin Americatoo. TourismisAmerica'slargestservicesexport,andgrowthininternationalvisitorshas created roughly260,000 Americanjobsoverthe pastfive years.In2013, the State Departmentissued 9.2 millionvisas,a42% increase since 2010. The Administrationhashelpedaccelerate thisgrowth.Thankstoreformsinvisaprocessing, average waitingperiodsforvisasinimportantmarketslike Brazil andChinahave droppedfrom as highas several monthstolessthanfive days,all while maintainingthe same rigorinlegal and securityreviews. On Mondayin Beijing,PresidentObamaannouncedanagreementwithChinathatbuildsonthat progressbyextendingthe validityof touristandbusinessvisasto10 yearsand studentvisasto five years -- bothfor Chinese citizenstravelingtothe UnitedStatesandfor Americanstraveling to China. OptimismRebounds Among Small-Business OwnersinOctober 11.11.14 –Wall Street Journal by KathleenMadigan Small-businessownerswere more upbeatabouthiring, capital spendingandsalesexpectations inOctober,liftingoverallbusinessconfidence,accordingtoa reportreleasedTuesday. The National Federationof IndependentBusiness’ssmall-businessoptimismindex increased0.8 pointto 96.1 inOctober.It was one of the highestreadingssofarinthisexpansion,althoughthe level remainsbelow thatusuallyseeninanexpansion.EconomistssurveyedbyThe Wall Street Journal expectedthe latestindextoedge upto 95.5 from95.3 inSeptember. Many of the componentsof the index reverseddeclinespostedinSeptember. Most importantly,the subindex coveringreal salesexpectationsincreased4percentage points to 9% last month. Fewer Small Businesses inU.S. Plan toRaise Wages, NFIB Says 11.11.14 –Bloomberg Businessweek by Ken Kohn
  • 2. FewerU.S.small-businessownerssaidinOctoberthattheyplanto raise wagesincoming monthsafter19 percentsaidtheyrecentlyboostedcompensationfortheirworkers. A total of 13 percentof managerssaidthat theyanticipate increasingpay,accordingtothe seasonallyadjustednetresultsof 1,502 respondentstoasurveybythe National Federation of IndependentBusinesses.That’sdowntwopointsfromSeptember,when15percentsaidthey expectedhighersalariesand18 percentsaidtheyhadrecentlyincreasedpay. The surveyby the NFIB,a lobbyinggroupthatsaysit has 350,000 small and independent businessownersasmembers,wasaleadingindicatorof national wage growthuntil 2012, when the correlationbroke down. The U.S.-China climate deal is historic, but it will still take more tosave the planet 11.12.14 –WashingtonPost by Chris Mooney Despite the burstof activity,however,climateexpertswarnthateventhese ambitiousefforts are unlikely -- withoutconcertedfurtheraction -- tosolve the world'sclimate challenges.On Wednesday,forexample,agrimreportreleasedbythe International EnergyAgencysuggested that the worldison track to pumpso much carbon dioxide intothe atmosphereby2040 that it will cause irreparable harmtothe planet'secosystems. The IEA says that humanscan onlyemitabout1,000 additional gigatonnesof carbondioxide (one gigatonne isequal toa billionmetrictons) intothe atmospherebefore passingadangerous threshold. Climate scientistswarnthatpumpingmore carbondioxide thanthatintothe atmosphere would likelycause amore-than-2degree Celsiusrise inglobal temperaturesoverlevelsthatexisted before the rise of industryinthe 19th century. GOP congressional leaders denounce U.S.-Chinadeal on climate change 11.12.14 –WashingtonPost by Ed O’Keefe, DavidNakamura, and StevenMufson Anyhope for Congresstoreconvene withasense of bipartisanshipwasquicklyerased WednesdaymorningasSenate MinorityLeaderMitchMcConnell (R-Ky.) andHouse Speaker JohnA. Boehner(R-Ohio) sharplycriticizedthe announcementof a new climate deal between the UnitedStatesand China. McConnell made hiscommentsduringamorningcoffee with10newlyelectedRepublican senatorsinhisoffice off the Senate floor.Ashisnew colleaguesstoodbeaming,McConnellwas
  • 3. askedbyreporterswhetherhe plannedtoshiftthe Senate tothe politicalmiddle inhopesof reachingaccord withPresidentObamaandDemocrats. “The presidentcontinuestosenda signal thathe has no intentionof movingtowardthe middle,”saidMcConnell,whoisinline tobecome the new Senate majorityleaderinJanuary.“I was particularlydistressedbythe deal he’sreachedwiththe Chinese onhiscurrenttrip,which, as I read the agreement,itrequiresthe Chinese todonothingatall for 16 years,while these carbon emissionregulationsare creatinghavocinmystate andotherstatesacross the country.” ElevatedLevel of Part-Time Employment:Post-RecessionNorm? 11.12.14 –Wall Street Journal by Nick Timiraos The situationof these so-calledinvoluntarypart-time workers—those whowouldprefertowork more than 34 hoursa week—haseconomistspuzzlingoverwhetherahigherlevel of part-time employmentmightbe apermanentlegacyof the greatrecession.If so,itcouldforce more workersto choose betweenunderemploymentorworkingmultiple jobstomake endsmeet, leadingtolessincome growthandweakerdiscretionaryspending. Employersaddedsome 3.3millionfull-timeworkersoverthe pastyear,but the numberof full- time workersinthe U.S. isstill around2 millionshyof the level before the recessionbeganin 2007. Meanwhile,the ranksof workerswhoare part time foreconomicreasonshasfallenby 740,000 thisyearto around4.5% of the civilianworkforce.Thatisdownfroma highof 5.9% in 2010 but remainswell above the 2.7% average inthe decade precedingthe recession. Tax rates are finally on the rise for the top 1 percent, CBO says 11.12.14 –WashingtonPost by Lori Montgomery The rich are still gettingricher,andincome inequalityisstillonthe rise.ButPresidentObama appearsto have achievedatleastone of hisgoalsfor the nation'spocketbook:The veryrichest Americansare finallyshellingoutabitmore in federal taxes. Accordingto a newreportfromthe nonpartisanCongressionalBudgetOffice,the top1percent of earnerspaidanaverage tax rate of about33 percentlastyear -- up sharplyfroman average of 29 percentin2011. The report documentsaturningpointinfederal tax policy -- andnotjust forwealthyAmericans. Afterfallingsteadilysince the late 1990s, federal tax ratesare on the rise for people atall income levels,due primarilytochangesintax law made duringthe 2012 showdownoverthe so- called"fiscal cliff."
  • 4. Currentand ProspectiveMember Companies – Comcast Pushing Ahead on Time Warner Cable Deal 11.12.14 –Wall Street Journal by Alistair Barr ComcastCorp. ispushingaheadwithitsacquisitionof Time WarnerCable Inc.,despitehiccupsin the regulatoryreviewprocessandloomingregulationof the broadbandindustrythatthe companyworriescoulddiscourage future investmentinInternetupgrades,Chief ExecutiveBrian RobertssaidWednesday. Comcasthas expectedthe Time WarnerCable deal tobe completed“sometimeinthe first quarterand we still believethattoday,”Mr. Robertssaidduringan eventwithreportersinSan Francisco. He saidtalkof tighterregulationonbroadbandproviders,embracingthe conceptknownasnet neutrality,hasn't dentedhisinterestinthe acquisition.

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