Robert H. Frank: “Bitter divisions about the proper role of government in the United States have always been with us. Within broad limits, our Constitution’s response to this reality has been to empower states to adopt policies tailored to their [...]

 

Federal Policy Will Shift. Not All States Will Shift With It.  and more...



Federal Policy Will Shift. Not All States Will Shift With It. 

Robert H. Frank: “Bitter divisions about the proper role of government in the United States have always been with us. Within broad limits, our Constitution’s response to this reality has been to empower states to adopt policies tailored to their own constituents’ beliefs and values.”

 

“So in the wake of an unusually divisive presidential election, vigorous state-level actions to offset specific changes in federal policy are already underway.”

     
 
 

Trump Will Use 4 Real Estate Business Tricks to Rebuild the U.S. 

Jay N. Rollins: “Trump’s real estate background provides him with the outline for how to fix the economy:”

  • “Spend money on the asset using debt”
  • “Make improvements that, when completed, will generate more income (in this case, infrastructure to improve commerce)”
  • “These new improvements will lead to more business, which will generate more cash flow (in this case economic growth)”
  • “The hope is that increased cash flow will outpace the growing debt”

“When it works, it can be very profitable. When it does not work, the project could end up in Chapter 11, like Trump’s New Jersey casinos.”

     
 
 

Why a Wall Won’t Keep America’s Newest Immigrants Out

Washington Post: “…new research suggests that picture of U.S. immigration may be changing fast. Analysis from Jed Kolko, chief economist at job search site Indeed, shows that recent immigrants are much more likely to be highly educated and to have found jobs in industries involving computers, mathematics and science than the immigrants who came before them. If these immigrants are taking jobs from natives, those jobs are increasingly likely to be highly skilled and highly paid ones.”

“Recent immigrants are also much more likely to come from Asia compared with previous waves. Among immigrants who came to the U.S. in the past five years, one-third were born in Latin America, and 12 percent in Mexico. That’s down from previous years: Looking at the U.S. immigrant population overall, half of those 25 and older were born in Latin America and 27 percent were born in Mexico, Kolko says.”

“The decline in immigrants from Latin America has been offset by a surge from Asia. In the past five years, 45 percent of immigrants to the U.S. were born in Asia, especially India, China and the Philippines. Among the overall U.S. immigrant population, those born in Asia make up only 30 percent.”

     
 
 

Researchers Created Fake News. Here’s What They Found.

Neil Irwin: “Some new research from two economists throws at least a bit of cold water on the theory that false news was a major influence on the election result. They offer some hard data on how pervasive voters’ consumption of fake news really was during the 2016 election cycle. The research also reveals some disturbing truths about the modern media environment and how people make sense of the incoming gush of news.”

 

“That’s a strong indication about what is going on with consumers of fake news. It may be less that false information from dubious news sources is shaping their view of the world. Rather, some people (about 8 percent of the adult population, if we take the survey data at face value) are willing to believe anything that sounds plausible and fits their preconceptions about the heroes and villains in politics.”

     
 
 

The US Doesn’t Have an Immigration Problem—It Has a Refugee Problem

Quartz: “Trump’s fixation with blocking illegal immigration from Mexico, which has plummeted in recent years, obfuscates the problem… The number of immigrants claiming fear of persecution or torture in their home countries is on the rise, and so are the findings that those claims are credible.”

“It doesn’t help that the US has failed to devote enough resources to deal with the spike in asylum requests made with US Citizen and Immigration Services, generating a bulging bottleneck.”

     
 
 
 
   
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