Xu Gao, the Chief Economist and Assistant President of Bank of China International Co. Ltd., and an adjunct professor of the National School of Development (NSD) at Peking University, has been featured on The East is Read several times.On August 19, 2024, Xu published a new essay on his personal WeChat blog 徐高经济观察 Xu Gao Economic Observation. This long essay, essentially making a case for Beijing to adopt stimulus measures, will be rolled out in three parts.Amid cautious signals from the...

Like most academics these days, I spend a lot of time filling in online forms. Mostly, this is just an annoyance but occasionally I get something out of it. A recent survey in which the higher-ups tried to get an idea of how the workforce was feeling, asked the question “Do you think of the University as We or They?”. Unsurprisingly given my reference to “higher-ups”, my answer was “They”. But giving the answer reminded me that, not so long ago, it would have been “We”. In its...

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like Loading...

by Tara Watson Williams College EconoFact “Relative to the late Bush and early Obama eras, the Trump administration removed a modest number of immigrants from the nation’s interior.” One would not think such was true. Apparently and as in other instances, the numbers say differently. Keep in mind this report is from 2021. It does give detail on the differences between Customs and Border Patrol (CBP) and Customs Enforcement (ICE). Immigrant...

The Myth of Taxation Explained.

Looks like Trump going to start a crypto exchange and a USD stable coin… ?.@WorldLibertyFi is helmed by @realdonaldtrump's sons, @EricTrump and @DonaldJTrumpJr and the 18-year-old Barron Trump is the project's "DeFi visionary.” https://t.co/PSKhQWyQKu— CoinDesk (@CoinDesk) September 13, 2024

This does not make sense. Between Fund payouts and Social Security, we were well below $100,000. After deductions and expenses (mortgage, property tax, donations, etc.) our income taxes were very small. We set a side 7% of our SS for taxes and we had plenty left over. We are not the poorest and definitely not the richest. If we follow Trumps suggestion, we will be favoring the very rich getting Social Security. The ones who can afford to pay....

More on Kroger push to merge Albertsons into its array of stores. This comes after Appollo Funds and Cerberus Capital Management have milked it for $billions. The $24.6 billion deal[1], largely benefiting Albertson’s private equity owner Cerberus Capital Management, is seen by many as a maneuver to maximize investor returns rather than to provide tangible benefits to consumers or workers. Appollo owns $1.75 billion in Albertson’s preferred stock....

When you read this, pay attention to who is funding who for the presidency. It is surprising and it is not surprising. We have heard this person who longs to be a president again and people still support this person? The energy companies backing are profit and control mongers. They see an opportunity and they are preparing for when and if Trump becomes President. Under a President Kamala Harris, they would still be profitable. They would also...

At https://www.c-span.org/video/?538053-1/simulcast-abc-news-presidential-debate under racism/racial identity @ ~120 mins. Donald J. Trump Per transcript: I DON’T KNOW. ALL I CAN SAY IS I READ WHERE SHE WAS NOT BLACK THAT SHE PUT OUT… I WILL SAY THAT. AND THEN I READ THAT SHE WAS A BLACK AND THAT IT’S OKAY PETE EITHER HOME IS OKAY WITH ME. THAT IS UP TO HER THAT IS UP TO HER. What he said: … I read where she was black . . . that she...