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Politico / CNBC
Chief economics correspondent for Politico and a contributor to CNBC
PROFILE
Ben White
Guest
FROM Ben White
To the Point
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.
To the Point
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 .
To the Point
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 .
Which Way, L.A.?
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 .
To the Point
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?
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To the Point
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
To the Point
Ex-FBI Director Comey tells his side of the story Today, former FBI Director James Comey came close to calling the President who fired him a liar. The White House denied the claim and called it insulting, but Republican Senators did not challenge Comey’s truthfulness. Many questions remain: did the President try to obstruct a federal investigation? Later, we’ll go behind the “velvet rope” for a look at 5-Star health care for the richest Americans.
To the Point
What is Trump's plan for Middle East peace? On his first foreign tour, President Trump has promised "peace" between Israel and the Palestinians. Are there any details for re-starting talks that have been stalled for the past three years?
To the Point
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?