FROM Ben White
It's the "Gig Economy," Stupid… When Hillary Clinton said she was worried about insecurity in the workplace, Jeb Bush scoffed and promised to “hail” an Uber to go to his next event. Bush was supporting the “sharing economy” — and Clinton does, too, despite her reservations. The “sharing economy” is also being called the “gig economy,” because it’s changing the relationship between employers and employees, turning full-time jobs into part-time “gigs” -- liberating executives and workers, but without traditional worker protections. That’s raising questions about taxes and government regulation -- questions that presidential candidates are being asked. Uber is just one of the new companies that “poses a challenge to longstanding notions of what it means to hold a job,” according to Noam Scheiber of the New York Times.
JP Morgan Chase CEO Jamie Dimon Keeps His Job There was another apology today from Jamie Dimon -- the man once known as Wall Street's smartest banker — this time at a meeting of JP Morgan Chase shareholders, for the now-infamous $2 billion trading loss he calls "self-inflicted." Apparently all is forgiven, at least for the moment. The shareholders approved the CEO's $23 million pay package. Ben White reports for Politico .
Chair of the White House Council of Economic Advisers to Leave The Chair of the President's Council of Economic Advisors is leaving the White House. Austan Goolsbee 's departure comes after last week's dismal unemployment report and as polls show President Obama's ratings on the economy in decline. After a meeting today with German Chancellor Angela Merkel, Obama was asked about his own concerns . He expressed encouragement about recent "robust job growth" but voiced concern that the recovery is not producing jobs as quickly as he wants it to happen. Ben White writes the Morning Money newsletter for Politico .
Obama on the Economy…at Last The November elections are less than two months away, and Democrats have their backs against the wall. As he tours the country this week, President Obama is now pushing some Republican-sounding proposals for boosting the economy. Monday in Milwaukee, he was in campaign mode . Today, he's in Cleveland to unveil some business-friendly proposals .
Obama on the Economy…at Last The November elections are less than two months away, and Democrats have their backs against the wall. As he tours the country this week, President Obama is now pushing some Republican-sounding proposals for boosting the economy. Monday in Milwaukee, he was in campaign mode . Today, the pitch is going personal, from a president whose childhood included food stamps. In Cleveland, Obama unveiled some business-friendly proposals , including tax credits worth $100 billion for research and development, $200 billion in write-offs for capital investments and extension of most of President Bush’s tax cuts, along with $50 billion in spending on roads and bridges. But even some Democrats are asking, what took so long?
After Syria strike a new Trump doctrine emerges The President who promised an end to entanglements in the Middle East and snuggled up to Vladimir Putin has now outraged Russia with surprise missile attacks on Syria. That's raised questions about who's running the White House? We hear a variety of answers.
Truth and Lies in Trumpland Donald Trump is using mis-information like no President has before him. It's an unprecedented challenge to the news media, and a potential threat to democracy. We hear how the "leader of all the people" is dividing Americans and confusing the rest of the world.
The US gets deeper into Middle East wars. What's the endgame? President Trump welcomed Egypt's President Abdul Fattah al-Sisi to the White House today… just one of the changes in America's approach to the Middle East since Barack Obama left office. We hear about that and the escalation of warfare as well as civilian casualties.