#but to be fair streaming used to he just a few services for relatively cheap with a lot of really popular titles

[amputatedhearts]

okay gathered from the tags on this post:

yes he has talked about having a lot of streaming services in an episode. but he was struggling with money. and I wouldn't consider it the "streaming era" back then since streaming has evolved so much since then, with way too many services to count, increasing prices, ads, etc

also: he was using Jeff's netflix at one point showing that maybe he didn't wanna pay for it.

and he absolutely would pirate movies, he had an burned dvds in his bag that the secret service found when Joe Biden came to the school.

so my conclusion is: if he had the means (money) to, he would have had a lot of streaming services at one point. but as the quality diminished and the prices went up, he gave up on streaming (save for maybe one or two with original shows he really likes + vpns) and probably torrents/pirates everything else that he doesn't purchase on dvd which he already had a huge collection of and is further expanding it.

if abed were in the streaming era would he be the type of guy to have every streaming service or would he be the type of guy to stay away from streaming at all costs. there is no in between option

[asfeedin]

What is VoIP? An expert explains.

If you��ve never heard of VoIP, don’t panic. It’s not an acronym people usually carry in their everyday vocabulary. But here’s the fun twist: You’re probably using it already.

VoIP — or oice ver nternet rotocol — is just a fancy name for the FaceTimes, Whatsapps, and Zooms of the world (aka your best friends during quarantine). It is generally used to refer to a method of transmitting voice and multimedia communication via data packet from one user to another. 

That’s unlike regular landline or cellphone calls, Reuben Yonatan, founder of cloud communication advising service GetVoIP, told me. Whereas those calls are often carried out by satellite, cell, or landline towers via copper wire and switchboards, VoIP calls rely on the internet. 

But VoIP isn’t just for phone calls, Yonatan added. “It’s any sort of data packet you can send through the internet. It could be anything in the form of a voicemail; it could be a message; it could be a digital fax, like a PDF; it could be a video call.”

Often, VoIP providers offer software and apps that can do multiple — sometimes all — of those things. And they do it for cheap, which makes their services increasingly popular among everyday consumers and businesses. But more on that later. 

First, some background

Zoom’s supposed to be a business VoIP, but it’s gained popularity with everyday consumers during the coronavirus pandemic.

Image: SOPA Images / LightRocket via Gett

There are generally two types of VoIP, Yonatan said: There are those geared toward the everyday consumer, then there are the ones intended for business use. 

Consumer VoIPs generally cover features like messaging, as well as voice and video calling; anyone who has used FaceTime, Facebook Messenger, Whatsapp, WeChat, and the like are already familiar with the service to some degree.

VoIPs for businesses, on the other hand, usually come with more advanced features like screen-sharing, HD voice, call recording, enhanced caller ID, and call forwarding. Think of companies like Zoom and Ring Central. 

But the line between the two are starting to blur. Ever since the coronavirus pandemic forced people to stay at home, business products like Zoom have been gaining traction from everyday consumers. Overnight, it’s become a host for college lectures, blind dates, workout sessions, church services — even an inspiration for memes. 

“I don’t think that their intended purpose was for my kids to be able to connect with their grandparents; their intended purpose was to become a business product,” Yonatan said. “They kind of became this go-to social media platform of some sort.”

Yonatan said Zoom’s popularity grew in part because it is well-designed, comprehensive, and straight-forward. But part of it also has to do with the fact that the platform offers a highly competitive service via a cost-free model that allows users to access relatively advanced features and large group calls for up to 40 minutes each time.

The upside: It’s cheap and multifunctional

Snapchat’s group video calls use VoIP technology and is free across Apple and Android phones.

Businesses and individual consumers are transitioning to VoIP for a lot of the same reasons Zoom became popular during the pandemic: It’s cost-effective, especially considering that it’s capable of a whole lot more than traditional landline and cell services are.

“Most of the consumer VoIP products are free or really inexpensive. They’re probably a few dollars a month,” Yonatan said. And that’s without factoring in the money people could save from international calling fees. 

The same goes for the business side of things, too: Whereas traditional business landline services cost about $50 to $70 per user per month, Yonatan said VoIP services cost just about $20 to $30 in comparison.

But there’s more. VoIP is not just cheap relative to other communication solutions; it’s also cost-effective in that it allows businesses and professionals to transition to work from home models that require less financial resources.

“They don’t need to spend money on real estate spaces. They don’t need to spend money maintaining an office and employees don’t have to spend hours traveling,” Yonatan said. “A lot of companies are going to figure out where and how they can make it work as much as possible.”

The downside: It’s bandwidth-consuming and susceptible to censorship

Your internet speed can get pretty slow if you’re using VoIP on a jammed connection.

VoIP sounds low-cost enough. But it might not work well if you’ve got a weaker internet connection — or none at all. After all, VoIP is an internet-based service that depends on … well, good internet. 

“Everyone’s working from home — and my kids personally, their classes are all on Zoom — and someone could be streaming something. We’re really kind of congesting the internet line, and so what ends up happening is that it takes a toll on your web connection.” Yonatan said. “You do need a pretty strong internet connection to support all the connection points you have throughout the house.”

Of course, things can improve with increased data speed and reliability — and the adoption of 5G technology will help, according to a VoIP industry report by market research firm IBISWorld. Don’t forget, though, that faster internet will cost you more money.

Another thing to keep in mind: Some countries can’t access VoIP services because of internet censorship, and impacted VoIP apps run the gamut from Skype, to WhatsApp, to FaceTime. In those cases, you may not be getting the international coverage you need. However, bans on some business apps and softwares have been lifted temporarily to facilitate remote work and distance learning during the pandemic.

Data privacy and security

Make sure you evaluate how different providers handle data privacy and security if you’re considering a transition to VoIP.

Image: Photothek via Getty Images

Unlike analog landline and cell services, VoIP transmit communication through digital data packets on the internet. That means you’ll have to pay extra attention to how your data privacy and security are being handled by different companies.

A research from NYU’s Center of Cyber Security shows that it’s possible to track encrypted VoIP calls. But some VoIP services aren’t even encrypted at all.

Zoom, for example, doesn’t support end-to-end encryption, according to The Intercept. And in recent weeks, it’s been proven vulnerable to a slew of security blunders: There’s the bug that let hackers steal Windows passwords and the secret collection of LinkedIn data. Then there are thousands of private Zoom videos being uploaded online and account credentials being sold on the dark web. (To be fair, the company has promised to fix things after these repeated incidents.)

Of course, traditional landline and cell calls are susceptible to wiretapping and spams, too; but the internet makes it just that much easier.

Yonatan recalled how he stopped using Skype  — something he said he had used “religiously” five or six years ago — after being repeatedly spammed.

“Every time I would log into my spam account I would get like 20 or 30 friend requests from people I didn’t know,” he recalled. “Spammers basically just figured out my username.”

Should I transition to VoIP?

Bottom line is: VoIP a good idea for your budget if you have good internet connection — just make sure you’re adhering to the best security practices and paying attention to how your data is being handled. 

You’ll have to make some decisions, though: Do you want a physical VoIP phone that resembles a traditional desk phone, or do you want a software-based phone that you can install onto your computers, phones and tablets? 

Physical VoIP phone systems tend to be more complex and expensive, Yonatan said, but you can also transform your good ole landline phone to a VoIP phone by using an analog-to-digital adaptor. 

If you are looking to pay for a residential or mobile VoIP solution, though, Yonatan suggests that you look out for a couple things: 

Get long distance calls. And avoid services that charge additional fees for them.

Don’t migrate your existing mobile phone number to your VoIP provider. Yonatan has heard horror stories about VoIP companies holding customer’s phone numbers hostage to cut down on customer loss. Just get a new number.

Don’t let the provider sell you features you don’t need. “A lot of these providers have very aggressive sales strategy in place,” Yonatan said.

Read reviews and ask around. Chances are, someone you know have used a VoIP service.

Don’t sign into a long-term contract. It’s better to pay $5 extra on a month-to-month contract than to commit to provider you don’t like, Yonatan said. Take advantage of that free trial, too.

Or, you can just do the thing everyone else do and use free apps like FaceTime, WhastApp, Snapchat, Google Hangout, and Zoom. They might just be enough for what you need.

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Tags: consumer-tech, Expert, explains, FaceTime, Smartphones, Tech, voip, WhatsApp, Zoom

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[bwprowl]

It’s a bit of a slow news week as we inch towards the twin titanic reveal-fests of Winter WonFes and Toy Fair, but we’ve still got a few things to check out, with superstar Sentai and Russian-style Rangers from either side of the pond, plus some surprising new Marvel drops. I’ll also mull over available Transformers bootlegs, plus a recent release from a line I haven’t looked at enough. All that and an adorable, Nendorable Korra-ble, here on Tuesday Night Toys!

New Stuff: Cosmonauts

A new blockbuster movie means an explosion of new, previously-unheard-of merchandise for the source material. I saw it with Transformers back when the first film came out in 2007, and it’s set to happen again with Power Rangers and that movie next month that I’m still patently unsure about. In amongst all the new Funko Pops and plush toys and other collectible gewgaws, we’ll be getting this bizarre little piece: A set of Russian-style nesting dolls designed after the five original Rangers, plus Alpha 5! PPW Toys is putting these out, and as far as esoteric shelf-space hoggers go, you could do a lot worse. I hope for more fun stuff like this to come out of the renewed Power Rangers licensing blitz this movie will be leading, for better or for worse.

On the other side of the Power Coin, if you thought you could escape my pre-premier Kyuranger hype even here, then you thought way wrong. Pre-orders for the toys of the newly-numerous Super Sentai series have been steadily going up, headlined by the main mecha: The shamelessly Scramble-City-style KyurenOh! 

Boasting the unique-to-Sentai ability for each individual unit (here called ‘Voyagers’) to form either an arm or a leg around the red Ranger’s main Shishi Voyager, this ‘bot will start with an unprecedented number of configurations, especially including the four extra Voyagers that are sold separately from the main set. And how cool do Hebitsukai Voyager and Tenbin Voyager look?

Surprising no one, I think I’m going all-in on the mecha on this one, but as with Zyuohger, I’ll be sticking with the smaller, cheaper, but more posable mini-pla versions. Assisting in this is that AmiAmi is now offering those in single sets, for half the price of the full boxes you had to buy before. I’m glad I already got my pre-order in, since they’re all sold out already, natch.

Some new Marvel Legends figures were surprisingly revealed a little while ago. These would be the 3 ¾” Legends that were rebranded from the Marvel Universe line, and they’ll be filling out the Marvel Cinematic corners of your smaller display space. Looks like there will be at least three two packs all based on the most recent movies in the line: Dr. Strange with an astral projection of himself, Star-Lord and Yondu, and the current iteration of Spider-Man with the Vulture he’ll be fighting in that Homecoming movie. The Guardians of the Galaxy set is the most appealing to me, of course (look at Yondu’s goofy grin, he looks great!), but I really want that Spider-Man movie to be good, so if it is, I’ll likely get that one as well.

Wishlist: Lockoffs

Transformers has always been a line that attracted countless counterfeit versions of its wares, from dime-store knockoffs to convincingly-recreated G1 bootlegs. More recently though, a different variety has emerged, as Chinese eBay accounts and other somewhat-shady places offer tweaked fake versions of relatively-recent molds. You see these all over the place searching for TFs on eBay; they mostly encompass the recent movie toys, either being versions in new color schemes, or upscaled with die-cast added for value. There’s of course that delightful AoE Hound with the bio that was written based on Thew, but I recently had to throw this big ol’ black Lockdown on my watchlist, because the prospect of a bigger, badder version of design I liked (from a film I otherwise didn’t) is rather appealing, and these things don’t even cost that much! Maybe I’d feel a little bad going in on a fake, but not that much, as I spend plenty on Hasbro’s Transformers already. If nothing else, these are interesting purely from a standpoint of showing all the various pillars that make money off Transformers’ selling power, whether they legitimately should or not.

Speaking of things that popped back onto my radar, the ol’ Pose Skeleton line it appears is still going strong, with plenty of playsets and even a bunch of animal and dinosaur companions for your bony buddies! These little things have always been a hoot, especially with the accessorized options you can lend them, all for pretty dang cheap. The latest expansion just-released for your flesh-challenged family is the ‘Cute Person’, a shorter, pink-tinted skelley with a cute lil’ bow headband. It’s a good excuse to add another to your skeleton hoard, even if you had a few already.

And of course, unless you were living under a rock for the past couple weeks, you know the first Yuri on Ice Nendoroid went up for pre-order.

Yes, I still need to watch this show

On Desk: Uncommon Korra

Korra from the titular The Legend Of series was a pretty unexpected release for the Nendoroid line, for being a western cartoon as well as the show having been over for almost a year and a half when the toy was first revealed (GSC tends to like to do very recent, current series for their toys). Response must have been good though, since they opened the orders from western-only to worldwide through their usual Japanese avenues (which amusingly meant I was able to order this west-focused toy of an American character for cheaper through a Japanese shop), and even added a few extra accessories to it at the last minute!

The instructions even include English. They know what they're about.

Korra does feel like GSC testing the waters with this kind of release though. Even with the extra accessories, she still feels a bit bare-bones. She has a few different arms and legs, but they're all in service of just a few different generic action poses; the 'extra mile' Nendos sometimes go towards recreating specific points of the series isn't found here. She also only has two faces, and since one is the Avatar state, she really only has the one facial expression, which is almost unheard of for this line (especially given that Korra did have quite a few memorable faces throughout the show).

Granted, the base figure itself is very nice. All the details are present and nicely-accurately conveyed at the scaled-down chibi proportions. The hand-poses she comes with in particular are nicely effective for what they are, and her little hair-dainglies can even swivel around a bit! And she can use what she has to assume a variety of cool bending-based action poses (accompanied by the extremely nice elemental accessories). The fire and water streams especially look great, and just on their own make for an unmistakable awesome desktop Korra.

The one really cool thing the toy can do is assume that aforementioned Avatar state. Swapping in the faceplate and arranging all four element effect parts around does the trick, and it's actually surprisingly easy to get it all set up (nowhere near the madness I engaged in with Chris), and looks admittedly pretty impressive when it's all done. As a display piece, this might be the best way to default to having your Korra. It's eye-catching and adorable, as a Nendoroid should be.

Overall, Korra's impressive mostly that she got made, that GSC branched out like this. She's pretty light as far as Nendoroids go, not a bad toy by any means but not outstanding either. If you're a fan of the show like I am, she's pretty much a must-own, but there's simply not enough to her to recommend as a general purchase. I am really glad I got her though, and am excited to see if GSC follows up with anything else.

You enjoy the rest of your night, everyone! Have fun, I'll be here when you get back!

[nicholerestrada]

Jobs slowdown ahead? – POLITICO

Editor’s Note: This edition of Morning Money is published weekdays at 8 a.m. POLITICO Pro Financial Services subscribers hold exclusive early access to the newsletter each morning at 5:15 a.m. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here.

Jobs slow down? — Consensus is for a still-strong 180K in the February jobs report this morning. But the whisper number is lower given the potential for pay back from January’s surprisingly strong 304K which may have reflected warmer weather and government workers getting second jobs during the shutdown. Pantheon is calling for just 125K. And Morgan Stanley predicts 141K.

Story Continued Below

Business can’t ignore slowing economy — If the number hits consensus or exceeds it, the case for a real slowdown may be harder to make. But it’s likely coming either way. Moody’s Mark Zandi emails: “Job growth is set to meaningfully throttle back. The broader economy is close to stalling out in early 2019, and businesses won’t be able to ignore that much longer.

“I don’t expect big layoffs … but hiring will slow. Job growth in February likely came in at 185,000 and won’t get back above 200,000 on a consistent basis in this business cycle … Unemployment will continue to decline a bit more this year, as underlying labor force growth is closer to 100,000 per month. Job growth should remain above that for much of this year.”

First look: SEC Chair on market structure — A taste of what SEC Chair Jay Clayton will say at the equity market structure conference at Fordham Business School today: “My view on Regulation [National Market Structure] is, in summary: there are many areas that the Commission got right, some that may have missed their mark, and some that were positive in 2005 but may no longer be so.”

GOOD FRIDAY MORNING — Happy weekend, all. Email me on bwhite@politico.com and follow me on Twitter @morningmoneyben. Email Aubree Eliza Weaver on aweaver@politico.com and follow her on Twitter @AubreeEWeaver.

February jobs report at 8:30 a.m. expected to show a gain of 180K with unemployment down a tenth to 3.9% and hourly earnings up 0.3% … Economics Club of DC at 12:30 holds a discussion with House Speaker Nancy Pelosi … Fed Chair Jay Powell speaks at 10:00 p.m. EST at Stanford on monetary policy normalization

CHINA BALKING? — NYT’s Keith Bradsher and Ana Swanson: “Trump says he is optimistic that a landmark trade deal with China is close. Chinese officials are not so sure. … [S]ome of the biggest details — like the enforcement mechanism to ensure China complies and the timing for the removal of tariffs — still haven’t been hammered out.

“Beijing officials are wary that the final terms may be less favorable, especially given Mr. Trump’s propensity for last-minute changes … The emerging gap is starting to put in doubt plans for President Xi Jinping to meet with Mr. Trump in late March or early April to sign a deal.” Read more.

REAL TALK — A senior White House official played down the NYT piece to MM suggesting that it’s always been true that the non-retaliation pledge would be a tough one for Beijing to swallow (as we’ve written in these pages). That’s still the case.

What is unknown is what would happen if Xi came to Mar-a-Lago and flatly refused to give up the right to retaliate to American tariffs in the event China is found to be in violation of the terms of the agreement. Would Trump still find his way to a deal? Nobody really knows.

NEW BI-PARTISAN CAUCUS — Senators Amy Klobuchar (D-Minn.) and Tim Scott (R-S.C.) launched the first-ever bipartisan Senate Entrepreneurship Caucus. Read more.

TREASURY PUSHED TO RECONSIDER RUSSIA SANCTIONS — Our Zachary Warmbrodt: “Sens. Mark Warner and Ben Sasse are calling on Treasury Secretary Steven Mnuchin to reconsider a decision to relax sanctions on companies linked to a Kremlin insider, the latest bipartisan rebuke of a Trump administration move to ease economic restrictions on Russia.” Read more.

SPEAKING OF MNUCHIN… Center for Public Integrity’s Carrie Levine in a piece up this a.m. digs into the reasons the Office of Government Ethics may not have signed off on Mnuchin’s financial disclosure yet. Read more.

DVR ALERT — Fed Chair Jay Powell will appear for a sit down interview with Scott Pelley on CBS’ “60 Minutes” Sunday night at 7:00 p.m.

TRUMP SLAMMED ON GM LAYOFFS — Our Natasha Korecki: “A liberal policy group is rolling out a $1 million-plus social media campaign this week attacking … Trump in the wake of General Motors plant closings. The Center for American Progress Action Fund, the think tank’s advocacy arm, is hitting Trump for handing out tax breaks to big corporations like GM, even as the automaker shutters plants in communities across Ohio and Michigan.”” Read more.

FINK SAYS MMT STINKS! — Larry Fink on Bloomberg TV: “That’s garbage. I’m a big believer that deficits do matter. I’m a big believer that deficits are going to be driving interest rates much higher and it could drive them to an unsustainable level.”

The 2020 Election. The new Congress. The Mueller investigation. … Keep up with POLITICO Playbook. Be in the know. Sign up today here.

BROWN OUT — Our Daniel Strauss: “Sen. Sherrod Brown (D-Ohio) announced … that he will not run for president in 2020, just after completing a tour of early caucus and primary states. Brown said in a statement that he was confident other candidates would adopt his political mantra — ‘the dignity of work’— and that he would continue working against … Trump in the Senate instead of joining the crowded Democratic primary field.” Read more.

GILLIBRAND SEEKS TRACTION IN NY — Our Elena Schneider and Laura Barrón-López: “Sen. Kirsten Gillibrand is still searching for a first presidential endorsement from colleagues in New York’s delegation, leaving her as the only senator running in 2020 without any home-state congressional backing.” Read more.

Celebrate International Women’s Day: No one rises to the top alone. The new Women Rule newsletter is a must-read for women who seek to inform, empower, connect and inspire each other. Sign up today and #RuleWithUs.

WALL STREET DROPS FOR FOURTH DAY — Reuters’ Lewis Krauskopf: “Wall Street’s main indexes fell for a fourth consecutive session on Thursday, after Europe’s central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth. …

“Stocks have stalled after a strong rally to start 2019 that was fueled by optimism over a U.S.-China trade deal and expectations the Federal Reserve will be less aggressive on interest rates. The benchmark S&P 500 has climbed 9.7 percent this year, but investors have said it is unclear what will drive the next move higher for stocks.” Read more.

LONGEST BULL MARKET LOOKS TO KEEP GOING — AP’s Alex Veiga and Damian Troise: “Wall Street has rewarded its most patient investors handsomely over the past 10 years. Is there more to come? The S&P 500, the U.S. market’s benchmark index, has gained about 309 percent since bottoming out at 676.53 points in March 2009 during the Great Recession, according to FactSet.

“The index is now 5.4 percent below its recent peak of 2,930.75 set on Sept. 20. This bull market’s lifespan, the longest on record, speaks to financial markets’ resiliency in the face of a variety of shocks, including a brutal fourth quarter of 2018.” Read more.

SEC LOOKS AT FAIRNESS OF STOCK EXCHANGE PRICING — Reuters’ John McCrank: “The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones” Read more.

WATERS/KRANINGER CLASH — Our Katy O’Donnell: “Consumer Financial Protection Bureau Director Kathy Kraninger … defended her predecessor’s decision to assert greater control over the agency’s fair lending office, signaling she had no plans to reverse the controversial move.

“Kraninger … was sharply questioned by Chairwoman Maxine Waters about the move, which civil rights advocates have decried as an effort to sideline the office and curb enforcement.” Read more.

ECB GOES DOVISH — Mohamed A. El-Erian on Bloomberg Opinion on an “ECB policy flip-flop that is as dramatic as the Federal Reserve’s in January.” Read more.

GLOBAL ECONOMY SLOWS — NYT’s Jack Ewing: “Just a few months ago, the European Central Bank put the brakes on a vast economic stimulus program devised during the financial crisis. On Thursday, it unexpectedly reversed course and revived some of the measures, signaling the rising threat of a recession.

“The quick turnabout, from confidence to concern, reflects the broader weakness in the global economy. A slowdown in China, exacerbated by rising trade tensions with the United States, has reverberated around the world, dragging down growth in Europe and elsewhere.” Read more.

POLICY MAKERS’ DEBT FEARS CAN WORSEN DOWNTURNS — WSJ’s Kate Davidson: “Academic research has shown that countries with higher levels of government debt relative to the size of their economies fare worse after financial crises than countries with lower debt levels. A new paper released this week sheds light on why” Read more.

NEW ON THE PODS — Christopher Smart, Barings Head of Macroeconomic and Geopolitical Research on the bank’s Streaming Income podcast on Trump, Mueller, the 2020 presidential election, and how investors should navigate the current political environment.

BofA ON WOMAN’S DAY — Per release out Friday: “Bank of America is announcing the doubling of its investment in the Tory Burch Foundation Capital Program, committing $100 million in capital to connect women small business owners to affordable loans.” Read more.

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Source: https://hashtaghighways.com/2019/03/11/jobs-slowdown-ahead-politico/

from Garko Media https://garkomedia1.wordpress.com/2019/03/11/jobs-slowdown-ahead-politico/

[michaeljtraylor]

Jobs slowdown ahead? – POLITICO

Editor’s Note: This edition of Morning Money is published weekdays at 8 a.m. POLITICO Pro Financial Services subscribers hold exclusive early access to the newsletter each morning at 5:15 a.m. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here.

Jobs slow down? — Consensus is for a still-strong 180K in the February jobs report this morning. But the whisper number is lower given the potential for pay back from January’s surprisingly strong 304K which may have reflected warmer weather and government workers getting second jobs during the shutdown. Pantheon is calling for just 125K. And Morgan Stanley predicts 141K.

Story Continued Below

Business can’t ignore slowing economy — If the number hits consensus or exceeds it, the case for a real slowdown may be harder to make. But it’s likely coming either way. Moody’s Mark Zandi emails: “Job growth is set to meaningfully throttle back. The broader economy is close to stalling out in early 2019, and businesses won’t be able to ignore that much longer.

“I don’t expect big layoffs … but hiring will slow. Job growth in February likely came in at 185,000 and won’t get back above 200,000 on a consistent basis in this business cycle … Unemployment will continue to decline a bit more this year, as underlying labor force growth is closer to 100,000 per month. Job growth should remain above that for much of this year.”

First look: SEC Chair on market structure — A taste of what SEC Chair Jay Clayton will say at the equity market structure conference at Fordham Business School today: “My view on Regulation [National Market Structure] is, in summary: there are many areas that the Commission got right, some that may have missed their mark, and some that were positive in 2005 but may no longer be so.”

GOOD FRIDAY MORNING — Happy weekend, all. Email me on bwhite@politico.com and follow me on Twitter @morningmoneyben. Email Aubree Eliza Weaver on aweaver@politico.com and follow her on Twitter @AubreeEWeaver.

February jobs report at 8:30 a.m. expected to show a gain of 180K with unemployment down a tenth to 3.9% and hourly earnings up 0.3% … Economics Club of DC at 12:30 holds a discussion with House Speaker Nancy Pelosi … Fed Chair Jay Powell speaks at 10:00 p.m. EST at Stanford on monetary policy normalization

CHINA BALKING? — NYT’s Keith Bradsher and Ana Swanson: “Trump says he is optimistic that a landmark trade deal with China is close. Chinese officials are not so sure. … [S]ome of the biggest details — like the enforcement mechanism to ensure China complies and the timing for the removal of tariffs — still haven’t been hammered out.

“Beijing officials are wary that the final terms may be less favorable, especially given Mr. Trump’s propensity for last-minute changes … The emerging gap is starting to put in doubt plans for President Xi Jinping to meet with Mr. Trump in late March or early April to sign a deal.” Read more.

REAL TALK — A senior White House official played down the NYT piece to MM suggesting that it’s always been true that the non-retaliation pledge would be a tough one for Beijing to swallow (as we’ve written in these pages). That’s still the case.

What is unknown is what would happen if Xi came to Mar-a-Lago and flatly refused to give up the right to retaliate to American tariffs in the event China is found to be in violation of the terms of the agreement. Would Trump still find his way to a deal? Nobody really knows.

NEW BI-PARTISAN CAUCUS — Senators Amy Klobuchar (D-Minn.) and Tim Scott (R-S.C.) launched the first-ever bipartisan Senate Entrepreneurship Caucus. Read more.

TREASURY PUSHED TO RECONSIDER RUSSIA SANCTIONS — Our Zachary Warmbrodt: “Sens. Mark Warner and Ben Sasse are calling on Treasury Secretary Steven Mnuchin to reconsider a decision to relax sanctions on companies linked to a Kremlin insider, the latest bipartisan rebuke of a Trump administration move to ease economic restrictions on Russia.” Read more.

SPEAKING OF MNUCHIN… Center for Public Integrity’s Carrie Levine in a piece up this a.m. digs into the reasons the Office of Government Ethics may not have signed off on Mnuchin’s financial disclosure yet. Read more.

DVR ALERT — Fed Chair Jay Powell will appear for a sit down interview with Scott Pelley on CBS’ “60 Minutes” Sunday night at 7:00 p.m.

TRUMP SLAMMED ON GM LAYOFFS — Our Natasha Korecki: “A liberal policy group is rolling out a $1 million-plus social media campaign this week attacking … Trump in the wake of General Motors plant closings. The Center for American Progress Action Fund, the think tank’s advocacy arm, is hitting Trump for handing out tax breaks to big corporations like GM, even as the automaker shutters plants in communities across Ohio and Michigan.”” Read more.

FINK SAYS MMT STINKS! — Larry Fink on Bloomberg TV: “That’s garbage. I’m a big believer that deficits do matter. I’m a big believer that deficits are going to be driving interest rates much higher and it could drive them to an unsustainable level.”

The 2020 Election. The new Congress. The Mueller investigation. … Keep up with POLITICO Playbook. Be in the know. Sign up today here.

BROWN OUT — Our Daniel Strauss: “Sen. Sherrod Brown (D-Ohio) announced … that he will not run for president in 2020, just after completing a tour of early caucus and primary states. Brown said in a statement that he was confident other candidates would adopt his political mantra — ‘the dignity of work’— and that he would continue working against … Trump in the Senate instead of joining the crowded Democratic primary field.” Read more.

GILLIBRAND SEEKS TRACTION IN NY — Our Elena Schneider and Laura Barrón-López: “Sen. Kirsten Gillibrand is still searching for a first presidential endorsement from colleagues in New York’s delegation, leaving her as the only senator running in 2020 without any home-state congressional backing.” Read more.

Celebrate International Women’s Day: No one rises to the top alone. The new Women Rule newsletter is a must-read for women who seek to inform, empower, connect and inspire each other. Sign up today and #RuleWithUs.

WALL STREET DROPS FOR FOURTH DAY — Reuters’ Lewis Krauskopf: “Wall Street’s main indexes fell for a fourth consecutive session on Thursday, after Europe’s central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth. …

“Stocks have stalled after a strong rally to start 2019 that was fueled by optimism over a U.S.-China trade deal and expectations the Federal Reserve will be less aggressive on interest rates. The benchmark S&P 500 has climbed 9.7 percent this year, but investors have said it is unclear what will drive the next move higher for stocks.” Read more.

LONGEST BULL MARKET LOOKS TO KEEP GOING — AP’s Alex Veiga and Damian Troise: “Wall Street has rewarded its most patient investors handsomely over the past 10 years. Is there more to come? The S&P 500, the U.S. market’s benchmark index, has gained about 309 percent since bottoming out at 676.53 points in March 2009 during the Great Recession, according to FactSet.

“The index is now 5.4 percent below its recent peak of 2,930.75 set on Sept. 20. This bull market’s lifespan, the longest on record, speaks to financial markets’ resiliency in the face of a variety of shocks, including a brutal fourth quarter of 2018.” Read more.

SEC LOOKS AT FAIRNESS OF STOCK EXCHANGE PRICING — Reuters’ John McCrank: “The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones” Read more.

WATERS/KRANINGER CLASH — Our Katy O’Donnell: “Consumer Financial Protection Bureau Director Kathy Kraninger … defended her predecessor’s decision to assert greater control over the agency’s fair lending office, signaling she had no plans to reverse the controversial move.

“Kraninger … was sharply questioned by Chairwoman Maxine Waters about the move, which civil rights advocates have decried as an effort to sideline the office and curb enforcement.” Read more.

ECB GOES DOVISH — Mohamed A. El-Erian on Bloomberg Opinion on an “ECB policy flip-flop that is as dramatic as the Federal Reserve’s in January.” Read more.

GLOBAL ECONOMY SLOWS — NYT’s Jack Ewing: “Just a few months ago, the European Central Bank put the brakes on a vast economic stimulus program devised during the financial crisis. On Thursday, it unexpectedly reversed course and revived some of the measures, signaling the rising threat of a recession.

“The quick turnabout, from confidence to concern, reflects the broader weakness in the global economy. A slowdown in China, exacerbated by rising trade tensions with the United States, has reverberated around the world, dragging down growth in Europe and elsewhere.” Read more.

POLICY MAKERS’ DEBT FEARS CAN WORSEN DOWNTURNS — WSJ’s Kate Davidson: “Academic research has shown that countries with higher levels of government debt relative to the size of their economies fare worse after financial crises than countries with lower debt levels. A new paper released this week sheds light on why” Read more.

NEW ON THE PODS — Christopher Smart, Barings Head of Macroeconomic and Geopolitical Research on the bank’s Streaming Income podcast on Trump, Mueller, the 2020 presidential election, and how investors should navigate the current political environment.

BofA ON WOMAN’S DAY — Per release out Friday: “Bank of America is announcing the doubling of its investment in the Tory Burch Foundation Capital Program, committing $100 million in capital to connect women small business owners to affordable loans.” Read more.

Source link

from RSSMix.com Mix ID 8312273 https://hashtaghighways.com/2019/03/11/jobs-slowdown-ahead-politico/ from Garko Media https://garkomedia1.tumblr.com/post/183376665999

[garkomedia1]

Jobs slowdown ahead? – POLITICO

Editor’s Note: This edition of Morning Money is published weekdays at 8 a.m. POLITICO Pro Financial Services subscribers hold exclusive early access to the newsletter each morning at 5:15 a.m. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here.

Jobs slow down? — Consensus is for a still-strong 180K in the February jobs report this morning. But the whisper number is lower given the potential for pay back from January’s surprisingly strong 304K which may have reflected warmer weather and government workers getting second jobs during the shutdown. Pantheon is calling for just 125K. And Morgan Stanley predicts 141K.

Story Continued Below

Business can’t ignore slowing economy — If the number hits consensus or exceeds it, the case for a real slowdown may be harder to make. But it’s likely coming either way. Moody’s Mark Zandi emails: “Job growth is set to meaningfully throttle back. The broader economy is close to stalling out in early 2019, and businesses won’t be able to ignore that much longer.

“I don’t expect big layoffs … but hiring will slow. Job growth in February likely came in at 185,000 and won’t get back above 200,000 on a consistent basis in this business cycle … Unemployment will continue to decline a bit more this year, as underlying labor force growth is closer to 100,000 per month. Job growth should remain above that for much of this year.”

First look: SEC Chair on market structure — A taste of what SEC Chair Jay Clayton will say at the equity market structure conference at Fordham Business School today: “My view on Regulation [National Market Structure] is, in summary: there are many areas that the Commission got right, some that may have missed their mark, and some that were positive in 2005 but may no longer be so.”

GOOD FRIDAY MORNING — Happy weekend, all. Email me on bwhite@politico.com and follow me on Twitter @morningmoneyben. Email Aubree Eliza Weaver on aweaver@politico.com and follow her on Twitter @AubreeEWeaver.

February jobs report at 8:30 a.m. expected to show a gain of 180K with unemployment down a tenth to 3.9% and hourly earnings up 0.3% … Economics Club of DC at 12:30 holds a discussion with House Speaker Nancy Pelosi … Fed Chair Jay Powell speaks at 10:00 p.m. EST at Stanford on monetary policy normalization

CHINA BALKING? — NYT’s Keith Bradsher and Ana Swanson: “Trump says he is optimistic that a landmark trade deal with China is close. Chinese officials are not so sure. … [S]ome of the biggest details — like the enforcement mechanism to ensure China complies and the timing for the removal of tariffs — still haven’t been hammered out.

“Beijing officials are wary that the final terms may be less favorable, especially given Mr. Trump’s propensity for last-minute changes … The emerging gap is starting to put in doubt plans for President Xi Jinping to meet with Mr. Trump in late March or early April to sign a deal.” Read more.

REAL TALK — A senior White House official played down the NYT piece to MM suggesting that it’s always been true that the non-retaliation pledge would be a tough one for Beijing to swallow (as we’ve written in these pages). That’s still the case.

What is unknown is what would happen if Xi came to Mar-a-Lago and flatly refused to give up the right to retaliate to American tariffs in the event China is found to be in violation of the terms of the agreement. Would Trump still find his way to a deal? Nobody really knows.

NEW BI-PARTISAN CAUCUS — Senators Amy Klobuchar (D-Minn.) and Tim Scott (R-S.C.) launched the first-ever bipartisan Senate Entrepreneurship Caucus. Read more.

TREASURY PUSHED TO RECONSIDER RUSSIA SANCTIONS — Our Zachary Warmbrodt: “Sens. Mark Warner and Ben Sasse are calling on Treasury Secretary Steven Mnuchin to reconsider a decision to relax sanctions on companies linked to a Kremlin insider, the latest bipartisan rebuke of a Trump administration move to ease economic restrictions on Russia.” Read more.

SPEAKING OF MNUCHIN… Center for Public Integrity’s Carrie Levine in a piece up this a.m. digs into the reasons the Office of Government Ethics may not have signed off on Mnuchin’s financial disclosure yet. Read more.

DVR ALERT — Fed Chair Jay Powell will appear for a sit down interview with Scott Pelley on CBS’ “60 Minutes” Sunday night at 7:00 p.m.

TRUMP SLAMMED ON GM LAYOFFS — Our Natasha Korecki: “A liberal policy group is rolling out a $1 million-plus social media campaign this week attacking … Trump in the wake of General Motors plant closings. The Center for American Progress Action Fund, the think tank’s advocacy arm, is hitting Trump for handing out tax breaks to big corporations like GM, even as the automaker shutters plants in communities across Ohio and Michigan.”” Read more.

FINK SAYS MMT STINKS! — Larry Fink on Bloomberg TV: “That’s garbage. I’m a big believer that deficits do matter. I’m a big believer that deficits are going to be driving interest rates much higher and it could drive them to an unsustainable level.”

The 2020 Election. The new Congress. The Mueller investigation. … Keep up with POLITICO Playbook. Be in the know. Sign up today here.

BROWN OUT — Our Daniel Strauss: “Sen. Sherrod Brown (D-Ohio) announced … that he will not run for president in 2020, just after completing a tour of early caucus and primary states. Brown said in a statement that he was confident other candidates would adopt his political mantra — ‘the dignity of work’— and that he would continue working against … Trump in the Senate instead of joining the crowded Democratic primary field.” Read more.

GILLIBRAND SEEKS TRACTION IN NY — Our Elena Schneider and Laura Barrón-López: “Sen. Kirsten Gillibrand is still searching for a first presidential endorsement from colleagues in New York’s delegation, leaving her as the only senator running in 2020 without any home-state congressional backing.” Read more.

Celebrate International Women’s Day: No one rises to the top alone. The new Women Rule newsletter is a must-read for women who seek to inform, empower, connect and inspire each other. Sign up today and #RuleWithUs.

WALL STREET DROPS FOR FOURTH DAY — Reuters’ Lewis Krauskopf: “Wall Street’s main indexes fell for a fourth consecutive session on Thursday, after Europe’s central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth. …

“Stocks have stalled after a strong rally to start 2019 that was fueled by optimism over a U.S.-China trade deal and expectations the Federal Reserve will be less aggressive on interest rates. The benchmark S&P 500 has climbed 9.7 percent this year, but investors have said it is unclear what will drive the next move higher for stocks.” Read more.

LONGEST BULL MARKET LOOKS TO KEEP GOING — AP’s Alex Veiga and Damian Troise: “Wall Street has rewarded its most patient investors handsomely over the past 10 years. Is there more to come? The S&P 500, the U.S. market’s benchmark index, has gained about 309 percent since bottoming out at 676.53 points in March 2009 during the Great Recession, according to FactSet.

“The index is now 5.4 percent below its recent peak of 2,930.75 set on Sept. 20. This bull market’s lifespan, the longest on record, speaks to financial markets’ resiliency in the face of a variety of shocks, including a brutal fourth quarter of 2018.” Read more.

SEC LOOKS AT FAIRNESS OF STOCK EXCHANGE PRICING — Reuters’ John McCrank: “The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones” Read more.

WATERS/KRANINGER CLASH — Our Katy O’Donnell: “Consumer Financial Protection Bureau Director Kathy Kraninger … defended her predecessor’s decision to assert greater control over the agency’s fair lending office, signaling she had no plans to reverse the controversial move.

“Kraninger … was sharply questioned by Chairwoman Maxine Waters about the move, which civil rights advocates have decried as an effort to sideline the office and curb enforcement.” Read more.

ECB GOES DOVISH — Mohamed A. El-Erian on Bloomberg Opinion on an “ECB policy flip-flop that is as dramatic as the Federal Reserve’s in January.” Read more.

GLOBAL ECONOMY SLOWS — NYT’s Jack Ewing: “Just a few months ago, the European Central Bank put the brakes on a vast economic stimulus program devised during the financial crisis. On Thursday, it unexpectedly reversed course and revived some of the measures, signaling the rising threat of a recession.

“The quick turnabout, from confidence to concern, reflects the broader weakness in the global economy. A slowdown in China, exacerbated by rising trade tensions with the United States, has reverberated around the world, dragging down growth in Europe and elsewhere.” Read more.

POLICY MAKERS’ DEBT FEARS CAN WORSEN DOWNTURNS — WSJ’s Kate Davidson: “Academic research has shown that countries with higher levels of government debt relative to the size of their economies fare worse after financial crises than countries with lower debt levels. A new paper released this week sheds light on why” Read more.

NEW ON THE PODS — Christopher Smart, Barings Head of Macroeconomic and Geopolitical Research on the bank’s Streaming Income podcast on Trump, Mueller, the 2020 presidential election, and how investors should navigate the current political environment.

BofA ON WOMAN’S DAY — Per release out Friday: “Bank of America is announcing the doubling of its investment in the Tory Burch Foundation Capital Program, committing $100 million in capital to connect women small business owners to affordable loans.” Read more.

Source link

from RSSMix.com Mix ID 8312273 https://hashtaghighways.com/2019/03/11/jobs-slowdown-ahead-politico/

[garkodigitalmedia]

Jobs slowdown ahead? – POLITICO

Editor’s Note: This edition of Morning Money is published weekdays at 8 a.m. POLITICO Pro Financial Services subscribers hold exclusive early access to the newsletter each morning at 5:15 a.m. To learn more about POLITICO Pro’s comprehensive policy intelligence coverage, policy tools and services, click here.

Jobs slow down? — Consensus is for a still-strong 180K in the February jobs report this morning. But the whisper number is lower given the potential for pay back from January’s surprisingly strong 304K which may have reflected warmer weather and government workers getting second jobs during the shutdown. Pantheon is calling for just 125K. And Morgan Stanley predicts 141K.

Story Continued Below

Business can’t ignore slowing economy — If the number hits consensus or exceeds it, the case for a real slowdown may be harder to make. But it’s likely coming either way. Moody’s Mark Zandi emails: “Job growth is set to meaningfully throttle back. The broader economy is close to stalling out in early 2019, and businesses won’t be able to ignore that much longer.

“I don’t expect big layoffs … but hiring will slow. Job growth in February likely came in at 185,000 and won’t get back above 200,000 on a consistent basis in this business cycle … Unemployment will continue to decline a bit more this year, as underlying labor force growth is closer to 100,000 per month. Job growth should remain above that for much of this year.”

First look: SEC Chair on market structure — A taste of what SEC Chair Jay Clayton will say at the equity market structure conference at Fordham Business School today: “My view on Regulation [National Market Structure] is, in summary: there are many areas that the Commission got right, some that may have missed their mark, and some that were positive in 2005 but may no longer be so.”

GOOD FRIDAY MORNING — Happy weekend, all. Email me on bwhite@politico.com and follow me on Twitter @morningmoneyben. Email Aubree Eliza Weaver on aweaver@politico.com and follow her on Twitter @AubreeEWeaver.

February jobs report at 8:30 a.m. expected to show a gain of 180K with unemployment down a tenth to 3.9% and hourly earnings up 0.3% … Economics Club of DC at 12:30 holds a discussion with House Speaker Nancy Pelosi … Fed Chair Jay Powell speaks at 10:00 p.m. EST at Stanford on monetary policy normalization

CHINA BALKING? — NYT’s Keith Bradsher and Ana Swanson: “Trump says he is optimistic that a landmark trade deal with China is close. Chinese officials are not so sure. … [S]ome of the biggest details — like the enforcement mechanism to ensure China complies and the timing for the removal of tariffs — still haven’t been hammered out.

“Beijing officials are wary that the final terms may be less favorable, especially given Mr. Trump’s propensity for last-minute changes … The emerging gap is starting to put in doubt plans for President Xi Jinping to meet with Mr. Trump in late March or early April to sign a deal.” Read more.

REAL TALK — A senior White House official played down the NYT piece to MM suggesting that it’s always been true that the non-retaliation pledge would be a tough one for Beijing to swallow (as we’ve written in these pages). That’s still the case.

What is unknown is what would happen if Xi came to Mar-a-Lago and flatly refused to give up the right to retaliate to American tariffs in the event China is found to be in violation of the terms of the agreement. Would Trump still find his way to a deal? Nobody really knows.

NEW BI-PARTISAN CAUCUS — Senators Amy Klobuchar (D-Minn.) and Tim Scott (R-S.C.) launched the first-ever bipartisan Senate Entrepreneurship Caucus. Read more.

TREASURY PUSHED TO RECONSIDER RUSSIA SANCTIONS — Our Zachary Warmbrodt: “Sens. Mark Warner and Ben Sasse are calling on Treasury Secretary Steven Mnuchin to reconsider a decision to relax sanctions on companies linked to a Kremlin insider, the latest bipartisan rebuke of a Trump administration move to ease economic restrictions on Russia.” Read more.

SPEAKING OF MNUCHIN… Center for Public Integrity’s Carrie Levine in a piece up this a.m. digs into the reasons the Office of Government Ethics may not have signed off on Mnuchin’s financial disclosure yet. Read more.

DVR ALERT — Fed Chair Jay Powell will appear for a sit down interview with Scott Pelley on CBS’ “60 Minutes” Sunday night at 7:00 p.m.

TRUMP SLAMMED ON GM LAYOFFS — Our Natasha Korecki: “A liberal policy group is rolling out a $1 million-plus social media campaign this week attacking … Trump in the wake of General Motors plant closings. The Center for American Progress Action Fund, the think tank’s advocacy arm, is hitting Trump for handing out tax breaks to big corporations like GM, even as the automaker shutters plants in communities across Ohio and Michigan.”” Read more.

FINK SAYS MMT STINKS! — Larry Fink on Bloomberg TV: “That’s garbage. I’m a big believer that deficits do matter. I’m a big believer that deficits are going to be driving interest rates much higher and it could drive them to an unsustainable level.”

The 2020 Election. The new Congress. The Mueller investigation. … Keep up with POLITICO Playbook. Be in the know. Sign up today here.

BROWN OUT — Our Daniel Strauss: “Sen. Sherrod Brown (D-Ohio) announced … that he will not run for president in 2020, just after completing a tour of early caucus and primary states. Brown said in a statement that he was confident other candidates would adopt his political mantra — ‘the dignity of work’— and that he would continue working against … Trump in the Senate instead of joining the crowded Democratic primary field.” Read more.

GILLIBRAND SEEKS TRACTION IN NY — Our Elena Schneider and Laura Barrón-López: “Sen. Kirsten Gillibrand is still searching for a first presidential endorsement from colleagues in New York’s delegation, leaving her as the only senator running in 2020 without any home-state congressional backing.” Read more.

Celebrate International Women’s Day: No one rises to the top alone. The new Women Rule newsletter is a must-read for women who seek to inform, empower, connect and inspire each other. Sign up today and #RuleWithUs.

WALL STREET DROPS FOR FOURTH DAY — Reuters’ Lewis Krauskopf: “Wall Street’s main indexes fell for a fourth consecutive session on Thursday, after Europe’s central bank said it would defer interest rate hikes and offered banks a new round of cheap loans, raising fresh concerns about global economic growth. …

“Stocks have stalled after a strong rally to start 2019 that was fueled by optimism over a U.S.-China trade deal and expectations the Federal Reserve will be less aggressive on interest rates. The benchmark S&P 500 has climbed 9.7 percent this year, but investors have said it is unclear what will drive the next move higher for stocks.” Read more.

LONGEST BULL MARKET LOOKS TO KEEP GOING — AP’s Alex Veiga and Damian Troise: “Wall Street has rewarded its most patient investors handsomely over the past 10 years. Is there more to come? The S&P 500, the U.S. market’s benchmark index, has gained about 309 percent since bottoming out at 676.53 points in March 2009 during the Great Recession, according to FactSet.

“The index is now 5.4 percent below its recent peak of 2,930.75 set on Sept. 20. This bull market’s lifespan, the longest on record, speaks to financial markets’ resiliency in the face of a variety of shocks, including a brutal fourth quarter of 2018.” Read more.

SEC LOOKS AT FAIRNESS OF STOCK EXCHANGE PRICING — Reuters’ John McCrank: “The U.S. Securities and Exchange Commission is investigating whether the multi-tiered pricing system used by stock exchanges favors large brokers at the expense of small ones” Read more.

WATERS/KRANINGER CLASH — Our Katy O’Donnell: “Consumer Financial Protection Bureau Director Kathy Kraninger … defended her predecessor’s decision to assert greater control over the agency’s fair lending office, signaling she had no plans to reverse the controversial move.

“Kraninger … was sharply questioned by Chairwoman Maxine Waters about the move, which civil rights advocates have decried as an effort to sideline the office and curb enforcement.” Read more.

ECB GOES DOVISH — Mohamed A. El-Erian on Bloomberg Opinion on an “ECB policy flip-flop that is as dramatic as the Federal Reserve’s in January.” Read more.

GLOBAL ECONOMY SLOWS — NYT’s Jack Ewing: “Just a few months ago, the European Central Bank put the brakes on a vast economic stimulus program devised during the financial crisis. On Thursday, it unexpectedly reversed course and revived some of the measures, signaling the rising threat of a recession.

“The quick turnabout, from confidence to concern, reflects the broader weakness in the global economy. A slowdown in China, exacerbated by rising trade tensions with the United States, has reverberated around the world, dragging down growth in Europe and elsewhere.” Read more.

POLICY MAKERS’ DEBT FEARS CAN WORSEN DOWNTURNS — WSJ’s Kate Davidson: “Academic research has shown that countries with higher levels of government debt relative to the size of their economies fare worse after financial crises than countries with lower debt levels. A new paper released this week sheds light on why” Read more.

NEW ON THE PODS — Christopher Smart, Barings Head of Macroeconomic and Geopolitical Research on the bank’s Streaming Income podcast on Trump, Mueller, the 2020 presidential election, and how investors should navigate the current political environment.

BofA ON WOMAN’S DAY — Per release out Friday: “Bank of America is announcing the doubling of its investment in the Tory Burch Foundation Capital Program, committing $100 million in capital to connect women small business owners to affordable loans.” Read more.

Source link

from RSSMix.com Mix ID 8312273 https://hashtaghighways.com/2019/03/11/jobs-slowdown-ahead-politico/