Democrats have offered to agree to an additional $15 billion in military funding as part of a spending package to keep the government operating if Republicans in Congress agree to fund ObamaCare insurer subsidies.
Signing off on the Democratic offer would avert a government shutdown set to begin Saturday.
It would ensure that the reimbursements to health insurers would continue, preventing what could be a mass exit from the exchanges.
The Trump SoHo Hotel and Condominium in Manhattan is an upscale 46-story property owned by a Los Angeles investment group, the CIM Group, through one of its real estate funds. (Read the most recent amendment to the Trump SoHo’s offering plan: tmsnrt.rs/2q3HJH8)
The possible problem for Trump lies in the fact that state- and city-run pension funds have invested in the CIM fund and pay it a few million dollars in quarterly fees to manage their investments in its portfolio, which includes the Trump SoHo, according to state investment records.
What exactly a given place needs to do to deal with those realities — how to improve the quality of K-12 schools, increase college graduation rates, attract new businesses, and so forth — is contentious.
But there’s simply no realistic regional development strategy that’s based on indulging nostalgia.
To improve, places need to change. Indeed, they probably need to accelerate the pace of change. And not everyone is going to like it.
There are several important lessons to be learned from the BIS view.
First, there is a financial cycle that often does not move in sync with the business cycle. The financial cycle tends to be much longer than the business cycle—15-20 years rather than 8-10 years, according to several studies cited by Claudio Borio. So policymakers have to be sensitive to financial conditions being out of line with the underlying economic conditions.
Third, most of the policy response after 2009 has focused on demand stimulus. Not enough attention has been paid to balance-sheet repair. Most standard economic models focus on an output gap but pay too little attention to the way capital is mis-allocated. China is an excellent example of this.
Among the Trump Organization’s holdings are 16 hotels, 17 golf courses, a modeling agency, a production agency and at least 25 residential real estate properties (a minimum of 17 domestically and eight overseas).
His over 500 companies have dealings in 25 countries including India, Panama, Scotland and the Philippines.
The problem for Verizon – as demonstrated in Q1 – is that the race to the bottom is well underway in terms of wireless offerings to consumers.
The second-tier players like T-Mobile and Sprint have been offering what frankly amount to better options for consumers in a lot of ways and Verizon’s stranglehold on its dominant position is eroding in a big way.
The fact that subscriber growth went negative is a huge red flag for VZ shareholders and to be honest, I think the reaction in the stock was a bit muted considering all the headwinds VZ has in front of it.