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[OP-ED]: The curse of middle-aged capitalism -- for Trump and all of us

 08/21/2017 - 13:57
In 1995, the largest five firms by market “capitalization” (the value of a company’s shares) were old-line businesses: Exxon, AT&T, Coca Cola, General Electric and Merck. By 2015, only Exxon (now Exxon Mobil) remained.

 A persisting puzzle about the U.S. economy is how it can seem both strong and weak. On the one hand, it remains a citadel of innovation, producing new companies like Uber. On the other, the economy is expanding at a snail’s pace of 2 percent annually since 2010. How could both be true? Why isn’t innovation translating into faster growth? The answer -- or part of the answer -- is that American businesses are running on two separate tracks. Call them the “youthful” and “middle-aged” tracks.

[OP-ED]: El gran debate de Trump sobre el crecimiento económico

 08/15/2017 - 10:01
No hay suficiente dinero para satisfacer todas nuestras demandas, incluso a tasas más altas de crecimiento económico. Habrá conflictos entre gastos privados y gubernamentales; entre gastos nacionales y locales; entre gastos de salud y gastos de no-salud; y entre gastos dedicados a los ancianos versus los jóvenes. El presente es polémico; el futuro quizás sea peor.

La discusión entre el gobierno de Trump y sus críticos sobre una tasa de crecimiento económico sostenible suscita profundas preguntas sobre el futuro de Estados Unidos. ¿Ingresamos en un período prolongado de crecimiento económico lento? Si es así, ¿cómo altera eso la sociedad y la política? ¿O acaso las medidas “correctas” elevarán el crecimiento económico a niveles del pasado?

Rock and Roll and Resistance: A Conversation with Alejandro Escovedo

 08/11/2017 - 12:25
Alejandro Escovedo for Burn Something Beautiful by Nancy Rankin Escovedo 

Mexican-American musician and activist Alejandro Escovedo elucidates on his immigrant roots, his take on the government, his brush with death, and how the stories he feels compelled to compose transcend the genre of rock and roll. Escovedo will be strumming alongside Texan legend Joe Ely at Ardmore Music Hall on August 19th, 2017.

[OP-ED]: Trump’s great growth debate

 08/09/2017 - 08:58
There isn’t enough money to satisfy all our demands, even at higher rates of economic growth. There will be conflicts between private and governmental spending; between national and local spending; between health spending and non-health spending; and between spending on the old versus the young. The present is contentious; the future may be worse.

The argument between the Trump administration and its critics over a sustainable rate of economic growth raises profound questions about America’s future. Have we entered a prolonged period of slow growth? If so, how does that alter society and politics? Or will the “right” policies raise growth to past levels? 

If you haven’t paid attention, here’s a brief overview of the debate.

[OP-ED]: Trump is but the latest politician to serenade Youngstown

 08/04/2017 - 08:03
It’s no surprise that Trump returned to the familiar theme of demonizing Latino immigrants. The surprise is that he chose to do it in Youngstown of all places -- a city with a minuscule immigrant population, located in a state where the Latino population is just 3.7 percent. EFE

Youngstown again? As an avid spectator of politics, I’ve been hearing about that city in the Mahoning Valley of northeast Ohio for decades. Although it’s home to just 64,000 people, Youngstown gets more than its share of attention from politicians, media, filmmakers, and even a poetic singer/songwriter from Freehold, New Jersey.