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☆ Baby Boomers are approaching 'peak burden' on the economy
▼ + stars: | 2024-02-04 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

A wave of retiring Boomers means the generation will soon be at "peak burden" to the economy. It's the Baby Boomers, who are aging fast and approaching their "peak burden" years in regard to their drag on the economy and the resources of younger generations. Advertisement"The peak burden is [when] all the baby boomers have hit retirement," Millar told Business Insider. And it isn't the case that Baby Boomers will derail economic growth nearly as much as, say, a full-blown recession, according to Dean Baker, an economist who described the Baby Boomers as a "time bomb" in a 1998 paper. In 2022, empty-nester baby boomers owned 28% of large homes in the US, a Redfin analysis found, double the share of millennial families.

Persons: —, Zers, Jonathan Millar, Millar, Dean Baker, That's, Boomers, David Rosenberg, Baker, Gen Organizations: Boomers, Service, Barclays, National Association of Realtors, Chamber of Commerce, Rosenberg Research, Social, Insurance Trust Fund, Social Security Administration Locations: Millennials

☆ What to expect from Friday’s jobs report: Steady, but slower, growth
▼ + stars: | 2023-08-31 | by ( Alicia Wallace | ) edition.cnn.com time to read: +5 min

Minneapolis CNN —Last month, the Bureau of Labor Statistics delivered a jobs report that only Baby Bear could offer: not too hot, not too cold, but just right. While that figure was well below the breakneck pace of job growth over the past three years, it was roughly in line with the monthly average seen in the decade before the pandemic. The August jobs report, set to be released on Friday at 8:30 a.m. ET, is expected to show that the labor market will stay in this sweet spot. The Fed has been wanting to see more slack in the labor market in its battle to bring down inflation.

Persons: Minneapolis CNN —, ”, Julia Pollak, it’s, “, Pollak, Dean Baker, Jerome Powell’s, “ I’m, Rachel Sederberg, ” Andrew Challenger Organizations: Minneapolis CNN, of Labor Statistics, Federal Reserve, Center for Economic, Policy Research, Labor, CNN, Private, ADP, Challenger Locations: Minneapolis

☆ Treasury Secretary Janet Yellen said the SVB collapse is 'very different' from the 2008 crisis and that the financial system is 'significantly stronger than it was 15 years ago'
▼ + stars: | 2023-03-21 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

In prepared remarks, Treasury Secretary Janet Yellen said the SVB situation is very different from 2008. "Our financial system is also significantly stronger than it was 15 years ago," she said. Dean Baker, a senior economist at the Center for Economic and Policy Research who predicted the 2008 housing bubble crash, told Insider that "this is not a 2008, 2009 story at all." "To this day I always argue with people, the problem was the housing bubble. "But the real problem was that the housing market was driving the economy — a housing bubble, and it collapsed, and there was no easy replacement for that.

☆ Op-ed: ESG investing and 2018 change in bank laws didn't cause Silicon Valley Bank to collapse, says former Sen. Heitkamp
▼ + stars: | 2023-03-21 | by ( Heidi Heitkamp | Former Democratic U.S. Senator North Dakota | ) www.cnbc.com time to read: +6 min

Within hours of the Silicon Valley Bank collapse, political spin machines on both the left and right got cranking. I was one of the Democrats on the Senate Banking Committee who negotiated that legislation, which granted regulatory relief to small community and mid-sized regional banks. Under the burden of increased regulation, smaller institutions and many regional banks were struggling to stay competitive. If all the bank depositors withdrew their deposits on the same day, any bank would fail regardless of liquidity or bank capitalization.) The Fed had the authority to enhance the current level of regional bank supervision, a step the central bank is considering in the wake of the SVB failure.

☆ Joe Manchin says he looks at his 2018 vote on easing bank regulations 'differently now' after Silicon Valley Bank's collapse
▼ + stars: | 2023-03-14 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

In 2018, Sen. Joe Manchin was one of 13 Democrats to vote for easing some banking regulations. The rollback of those regulations meant that Silicon Valley Bank was subject to less scrutiny. That vote has come under renewed scrutiny after the abrupt shuttering of Silicon Valley Bank (SVB) and subsequent bailout of its depositors. Manchin did tell Raju that it was not a mistake to vote through that 2018 legislation, or at least it wasn't at the time. Other Democratic lawmakers who also voted for the 2018 legislation are similarly standing by their decisions.

☆ Republicans are slamming the bailout of Silicon Valley Bank's customers, saying it's a giveaway to the rich
▼ + stars: | 2023-03-13 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Federal regulators bailed out Silicon Valley Bank depositors following its Friday collapse. The joint statement made from the Treasury, Federal Reserve, and FDIC noted that the bailout will not be funded by taxpayers — the FDIC's insurance fund, which stands at about $125 billion, will cover all SVB depositors. "I don't know if making money's now woke," Baker said. "Banks like S.V.B. President Joe Biden referenced the 2018 law in Monday remarks on SVB, saying that "we must reduce the risks of this happening again."

☆ DeSantis and other prominent Republicans blame 'woke' politics for Silicon Valley Bank's collapse instead of bankers miscalibrating risk
▼ + stars: | 2023-03-13 | by ( Brent D. Griffiths | Nicole Gaudiano | Juliana Kaplan | ) www.businessinsider.com time to read: +6 min

Some Republicans blamed "woke" investment strategies for Silicon Valley Bank's downfall. Economists and banking experts so far have chalked up Silicon Valley Bank's failure to much more apolitical circumstances. Silicon Valley Bank then had to sell its assets at a loss to fork over cash it didn't have, an increasingly untenable chain reaction that ended only when regulators shut the institution down. Regulators closed the Silicon Valley Bank on Friday, a stunning break to a period of relative banking stability in the wake of the 2008 financial crisis. "I don't know if making money's now woke," Baker said.

☆ Takeaways from the February jobs report
▼ + stars: | 2023-03-11 | by ( Alicia Wallace | ) edition.cnn.com time to read: +9 min

Minneapolis CNN —February’s jobs report had a little something for everyone. In February, the construction industry added 24,000 jobs, marking 12 consecutive months of employment growth. Friday’s report showed that “a modicum of slack crept back into the jobs market,” wrote Wells Fargo economists Sarah House and Michael Pugliese. However, Friday’s jobs report likely won’t spur a more dovish turn from the Fed, said Sean Snaith, an economist and director of the University of Central Florida’s Institute for Economic Forecasting. “We didn’t go from a four-alarm fire to a five-alarm fire with this data report, but the inflation flames aren’t out either,” he wrote in a note Friday.

☆ Time for the Fed to declare victory on inflation? Not yet
▼ + stars: | 2023-01-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

December's monthly decline in the consumer price index gets the Federal Reserve a step closer to beating inflation, though they're highly unlikely to signal an easing of policy anytime soon. The key inflation gauge fell 0.1% for the month, in line with market expectations and the biggest drop since April 2020. In a tweet, Baker insisted that it's, "Time for the Fed to declare victory and stop rate hikes!" He cited a three-month decline in services inflation less shelter costs as evidence that inflation is on the run. Chairman Jerome Powell has said recently that the services less shelter component of inflation is a key consideration as rent costs are likely to ebb later this year.

☆ The US economy went back into growth mode in the third quarter of 2022, making an imminent recession less likely
▼ + stars: | 2022-10-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

That beats the 2.4% growth estimate. The advance estimate suggests the US economy is growing again after shrinking in the first two quarters of 2022. That comes after the US economy shrank by 0.6% and 1.6% in the second quarter and first quarter of the year respectively. We also should see a modest positive growth rate after two quarters of negative growth." Kelly said in a note that "this week's GDP report could show surprising strength, especially following two negative quarters and numerous predictions of imminent recession."

☆ The US economy went back to growing in the third quarter of 2022, making an imminent recession less likely
▼ + stars: | 2022-10-27 | by ( Madison Hoff | ) www.businessinsider.com time to read: +3 min

☆ Jobs report: The US job market remains robust, but is showing signs of cooling
▼ + stars: | 2022-10-07 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN Business —The fever hasn’t broken yet for America’s employment market, but the temperature is coming down. That, coupled with job openings showing some sharp declines, points to a labor market slowdown — an outcome the Federal Reserve is seeking as it battles decades-high inflation. “The job market is slowing gracefully, moderating jobs and wage growth smoothly as the Federal Reserve searches for signs of cooling inflation,” Daniel Zhao, senior economist for Glassdoor, said in a statement. What could, however, move the needle will be the findings from the inflation data due next week, he said. Job openings outpace job seekers on a 1.7 to 1 ratio, the BLS’ Job Openings and Labor Turnover Survey for August showed.

☆ (foto) Jolie revine în spatele camerelor. Ce film va regiza celebra actriță
▼ + stars: | 2020-11-20 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Angelina Jolie va reveni în spatele camerei de filmare pentru a regiza „Unreasonable Behaviour”, un lungmetraj despre viața fotoreporterului britanic Don McCullin, unul dintre cei mai aclamați fotografi din lume, relatează EFE„M-au atras combinația de curaj și omenie, angajamentul său absolut de a prezenta adevărul războiului, empatia şi respectul față de cei care suferă consecințele războaielor”, a subliniat Angelina Jolie într-un comunicat publicat joi de presa de specialitate de la Hollywood, relatează AGERPRES. McCullin, 85 de ani, unul dintre cei mai prestigioși fotoreporteri de război, s-a născut la Londra și și-a început cariera ca asistent de fotograf până când a fost trimis corespondent în conflictul din Irlanda de Nord și în războiul din Vietnam unde munca sa a primit o recunoaștere deosebită. „Sperăm să facem un film care să fie intransigent precum fotografiile lui Don, despre persoanele și evenimentele extraordinare pe care le-a portretizat, prezentând totodată mărirea și decăderea unei ere unice în jurnalismul de război”, a explicat Jolie. În calitate de regizor, Angelina Jolie are experiență în domeniul filmelor ce abordează conflictele contemporane. Tom Hardy și Dean Baker vor produce „Unreasonable Behaviour”, în timp ce Gregory Burke va scrie scenariul viitorului film.

Persons: Angelina Jolie, britanic Don McCullin, Don, Jolie, Tom Hardy, Dean Baker, Gregory Burke Locations: britanic, Hollywood, AGERPRES, Londra, Irlanda de Nord, Vietnam

„Sperăm să facem un film care să fie intransigent precum fotografiile lui Don, despre persoanele şi evenimentele extraordinare pe care le-a portretizat, prezentând totodată mărirea şi decăderea unei ere unice în jurnalismul de război", a explicat Jolie. În calitate de regizor, Angelina Jolie are experienţă în domeniul filmelor ce abordează conflictele contemporane. În filmul „First They Killed My Father" (2017) ea a prezentat conflictul din Cambodgia. „Simt că mă aflu pe mâini bune, capabile şi profesioniste", a spus veteranul fotograf McCullin despre Angelina Jolie. Tom Hardy şi Dean Baker vor produce „Unreasonable Behaviour", în timp ce Gregory Burke va scrie scenariul viitorului film.

Persons: Angelina Jolie, Don, Jolie, . Ea, Louis Zamperini, Tom Hardy, Dean Baker, Gregory Burke Locations: Hollywood, Agerpres, Londra, Irlanda de Nord, Vietnam, Bosnia, Cambodgia

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