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Text of AP’s interview with NY Fed President William Dudley

August 14, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

FILE - In this May 20, 2014, file photo, New York Federal Reserve President William Dudley is interviewed by Peter Barnes on the Fox Business Network, in New York. In an interview with The Associated Press, Dudley indicated that the Fed will likely make an announcement at its September 2017 meeting that it is ready to start reducing its massive bond portfolio, a move expected to put upward pressure on long-term interest rates including home mortgages. Photo: Richard Drew, AP / Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistribu

NEW YORK (AP) — Below is the text of an interview The Associated Press conducted Monday with William Dudley, president of the Federal Reserve Bank of New York:

Q: I guess if we could just start with kind of your outlook for the economy, in particular the idea that at the beginning of the year, some economists were boosting their forecast, just because they felt that President Trump was going to — his economic program would give a boost to 2017 and 2018. Could you tell us, are you lowering it now, that his program is — your own […]

Morgan Stanley bumps up its Tesla price target — and moves its best-case scenario higher

August 14, 2017 ·  · Topic: Economic Mobility  · Relevance: bad

model 3 event

Tesla’s Model 3 handover event. Screenshot/Tesla

Morgan Stanley’s Adam Jonas raised his price target for Tesla shares, to $317 from $305.

The carmaker’s shares are already well above that, at $366 and up 70% year-to-date. Jonas, though, also has a "bull case" price target which he raised to $526 from $511.The bull case is Jonas’ term for Tesla out-executing by a wide margin and effectively becoming a dominant provider of cars, energy storage, and transportation services.Shares were up another 2% on Monday."Both moves are fully explained by an increase in our valuation of the core auto business and we make no […]

It’s time to stop coddling the Confederacy

August 14, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

confederate flag nazi sign

Enough said? Joe Raedle/Getty Images It’s easy to see a simple connection between the people waving Nazi flags and Confederate flags in Charlottesville, Virginia to protest the removal of a statue of Confederate General Robert E. Lee on Saturday.

You can say it’s racism and leave it at that.

But the truth of that matter is that racism is just one of the parallels Nazis Germany and the Confederate South share, and it may not even be the most important one. While most Americans are quick to accept that Hitler’s Nazis were a government hell bent on spreading fascism […]

Universal Basic Income – The Future of Work in Aotearoa?

August 13, 2017 ·  · Topic: Economic Mobility  · Relevance: not sure

Article: Joseph Cederwall A Universal Basic Income (UBI) is an unconditional minimum income provided to every member of society regardless of age, working status or level of income. The UBI seeks to maintain a functional market economy in the face of increasing technological disruption, unemployment, wealth inequality, and a hollowing out of the middle class. It would provide every citizen with enough income to cover the costs of their basic needs. Bettering one’s situation beyond this foundational amount is then the responsibility of each individual as usual. Most UBI proposals involve suggestions of significant reform of the welfare such […]