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Middle-out Economics
Middle-out economics is a branch of demand-side macroeconomic theory. It identifies the buying power of the middle class as the necessary ingredient for job creation and economic growth. With consumption typically responsible for two-thirds of the gross domestic product in the Americas consumer spending is key. Middle-out economics maintains it is only the middle class that can create the aggregate demand necessary for business to support full employment levels. Given the wealthy's high propensity to save, middle-out economics holds that large concentrations of wealth are not sufficient cause for job creation. Middle-out economics maintains companies don't hire when they have an abundance of profits; they hire when they have an abundance of customers. The middle-out economic framework is rooted in the scientific fact that economies are complex, adaptive, and ecosystemic. Economies are characterized by the same ‘circle of life’ like feedback loops found in natural ecosystem ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reaganomics
Reaganomics (; a portmanteau of ''Reagan'' and ''economics'' attributed to Paul Harvey), or Reaganism, refers to the neoliberal economic policies promoted by U.S. President Ronald Reagan during the 1980s. These policies are commonly associated with and characterized as supply-side economics, trickle-down economics, or "voodoo economics" by opponents, while Reagan and his advocates preferred to call it free-market economics. The pillars of Reagan's economic policy included increasing defense spending, balancing the federal budget and slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation. The results of Reaganomics are still debated. Supporters point to the end of stagflation, stronger GDP growth, and an entrepreneurial revolution in the decades that followed. Critics point to the widening income gap, what they described as an atmosphere of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eric Liu
Eric P. Liu (born 1968) is an American writer, former civil servant, and founder of Citizen University, a non-profit organization promoting civics education and awareness. Liu served as Deputy Assistant to President Clinton for Domestic Policy at the White House between 1999 and 2000. He served as Speechwriter and Director of Legislative Affairs for the National Security Council at the White House from 1993 to 1994. President Obama nominated him in January 2015 to serve on the board of directors of the federal Corporation for National and Community Service and he was confirmed by the U.S. Senate; his term expired in December 2017. Early life Liu was born in Poughkeepsie, New York, to parents born in China who later moved to Taiwan. His uncle is Taiwanese Premier Liu Chao-shiuan. Career He studied history at Yale University and is a graduate of Harvard Law School. Liu today is CEO of Citizen University, a non-profit organization that promotes what it calls "powerful citizen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bill Clinton
William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and again from 1983 to 1992, and as attorney general of Arkansas from 1977 to 1979. A member of the Democratic Party, Clinton became known as a New Democrat, as many of his policies reflected a centrist "Third Way" political philosophy. He is the husband of Hillary Clinton, who was a senator from New York from 2001 to 2009, secretary of state from 2009 to 2013 and the Democratic nominee for president in the 2016 presidential election. Clinton was born and raised in Arkansas and attended Georgetown University. He received a Rhodes Scholarship to study at University College, Oxford and later graduated from Yale Law School. He met Hillary Rodham at Yale; they married in 1975. After graduating from law school, Clinton returned to Arkansas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nick Hanauer
Nicolas Joseph Hanauer (born September 2, 1959) is an American entrepreneur and venture capitalist. Business career Hanauer was born to a secular Jewish family in New York City and raised in Bellevue, Washington. His brother is Adrian Hanauer, majority owner of Seattle Sounders FC and a minority owner of the Seattle Kraken. After earning a philosophy degree from the University of Washington, Hanauer began to work at family-owned Pacific Coast Feather Company, where he served as co-chair and CEO. In the 1980s, he co-founded Museum Quality Framing Company, a large West Coast franchise. In the 1990s, Hanauer was an early investor in Amazon.com, where he served as an adviser until 2000. He founded gear.com, which eventually merged with Overstock.com, and Avenue A Media, which was acquired by Microsoft in 2007 (under the name aQuantive) for $6.4 billion. He has managed, founded, or financed over 30 companies across a broad range of industries including manufacturing, retailing, e-co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bidenomics
The economic policy of the Joe Biden administration, colloquially named Bidenomics, is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the safety net, funded by tax increases on higher-income individuals and corporations. Other goals include: increasing the national minimum wage and expanding worker training; narrowing income inequality; expanding access to affordable healthcare; and forgiveness of student loan debt. The March 2021 enactment of the American Rescue Plan to provide relief from the economic impact of the COVID-19 pandemic was the first major element of the policy. Biden's Infrastructure Investment and Jobs Act was signed into law in November 2021 and contains about $550 billion in additional investment. His Inflation Reduction Act was enacted in August 2022. Biden's first year in office saw strong growth in real GDP, wages, employment, and stock market returns, coupled with a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Insider
''Insider'', previously named ''Business Insider'' (''BI''), is an American financial and business news website founded in 2007. Since 2015, a majority stake in ''Business Insider''s parent company Insider Inc. has been owned by the German publishing house Axel Springer. It operates several international editions, including one in the United Kingdom. ''Insider'' publishes original reporting and aggregates material from other outlets. , it maintained a liberal policy on the use of anonymous sources. It has also published native advertising and granted sponsors editorial control of its content. The outlet has been nominated for several awards, but is criticized for using factually incorrect clickbait headlines to attract viewership. In 2015, Axel Springer SE acquired 88 percent of the stake in Insider Inc. for $343 million (€306 million), implying a total valuation of $442 million. In February 2021, the brand was renamed simply ''Insider''. History ''Busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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