ISU, Creighton economists say new tariff threat makes recession more likely

Posted On Aug 13 2020 by

first_imgJOHNSTON — Two economists warn the escalation of trade tensions with Mexico will “speed up” the arrival of a recession. Iowa State University Extension economist Chad Hart says the tariffs increase the likelihood of a slowdown in the global economy.“It definitely does increase the threat of a recession coming very soon,” Hart says.Creighton University economist Ernie Goss says Iowa’s economy will take a hit if President Donald Trump follows through on the new tariffs he threatened to impose on Mexico last night.“He’s adding 5% tariffs, at least according to his twitter, and the idea is, of course, to incentivize the Mexican government to cease or slow down immigration,” Goss says. “It’s not going to happen. It’s not going to work.”Goss says farmers and rural communities “are getting hit very hard” by tariffs that have already been imposed.“When politics and economics collide, economics loses and politics is winning,” Goss says. “And when politics wins, I’m not so sure it’s good for the consumer and for the producer.”Goss says his calculations indicate the probability of a recession in the early 2020 has doubled in the past 18 months. If the U.S. Mexico Canada Agreement doesn’t get ratified because of these new tariffs, Hart says the probability of a recession grows.“You’re talking about three trade partners that make up a gigantic portion of global trade and basically throwing those trade rules up in the air,” Hart says, “creating a lot of uncertainty in the market, creating a lot of volatility.”Hart and Goss made their comments during the “Iowa Press” program that aired over the weekend on Iowa Public Television.last_img read more


OVERTIME

Posted On Aug 12 2020 by

first_img:10 Wait! I thought “you guys” said Cam Newton was not ready. You said he was going late first round. Yea, right. I told ya No. 1 pick, two months ago. :09 Speaking of playing quarterback on the pro level, you know it’s not rocket science…after all “Bubby Brister” did it.:08 Ohio State, Jim Tressel and all the players involved. Let it go NCAA… The players sold their own stuff, not stolen items, but their own stuff! BILL NEAL :07 NBA Round-up:Lakers still win on Kobe’s bad ankle and all. But CP3 is the truth (that’s Chris Paul to you knuckleheads). Kobe’s injury will force the ball inside to the big boys.Without Chauncey Billups and Amare Stoudemire, the Knicks had no chance even with “Melo” playing his best ball. They need an interior Big Man that will stay inside so Amare can play the power forward spot like he did with Steve Nash in Phoenix.The Hawks will send Dwight “Superman” Howard and the Orlando Magic packing.Boston is set and waiting for the Heat. The 76ers got the one they deserved.The fat lady is about to start singing that song on the Spurs. Memphis is serious.Portland and Dallas…I don’t know!:06 Look, the hockey playoffs are going on right now. That’s all I know. If I told you more, you wouldn’t know what I am talking about anyway!:05 I do know this. The Pens better win game six against Tampa or they’ll get beat in game seven. Take it to the bank.:04 The names are still coming in for the best of the best area hoopers…This may never, ever end. But trust me these boys are worthy: Stu Lyons, Reggie Cox Bob Moore, Chip Harris, Bobby Franklin, Ronnie McCrae, Jeff Baldwin, Melvin Paul, Gerald “Lace” Lovelace, Petey Gibson, Jimmy Nicols, Jeff Singleton, Esau Watkins, Rob Cash, Shawn Harvey, Petey Harris and Jeffrey “Junkhead” Burton.:03 But do not ever forget these legends: Dwight “The Iceman” Clay, top 10 guards list; Eugene McCae, top 10 slam dunk list; Reggie “Dukie Stick” Dukes, top 10 guards list; George Carl, top 10 guards list; Simmie Hill, top 10 all time legend.:02 Shout-outs: Welcome home Walt Boyer, one of western Pa.’s greatest athletes and a successful football star with the Denver Broncos. (Home for the loss of his beloved uncle… The great “Skip” Boyer. You will be missed.)To Coach Dillerd. If you know anything at all you know “Coach D” is one of the greatest people and most knowledgeable athletic minds you will ever meet. (Thanks for the advice Coach, I feel better already.):01 If you’re looking for someplace to take Mom for Mother’s Day, do the smart thing and bring her to the Champion’s Mother’s Day Luncheon and Fashion Show starring the Diamond Models and featuring The Five Starr Corporation Celebrating Women Awards, May 7, from 12:00 noon to 4:00 pm at Sabi Restaurant located at the Club Health and Fitness Center in Monroeville. Tickets are only $20 but seats are limited. Call Champion Enterprises at 412-628-4856 for information.Game Overlast_img read more


Eng vs WI 2nd Test Day 5 Review: England draw series with morale boosting…

Posted On Aug 5 2020 by

first_imgImage Courtesy: ECB/GettyAdvertisement isutNBA Finals | Brooklyn VsqznbWingsuit rodeo📽Sindre E90( IG: @_aubreyfisher @imraino ) 20vin4Would you ever consider trying this?😱mmoev0Can your students do this? 🌚r118Roller skating! Powered by Firework Cricket returned amidst the COVID-19 pandemic with West Indies’ tour of England. While the visitors took the lead in the first test, a win in the second was just the confidence boost that the poms were needing, as they have now levelled the series 1-1 with today’s 113 run victory at the Old Trafford Cricket Ground.Advertisement Image Courtesy: ECB/GettyThe series started sour for the hosts, as West Indies swept up a 4 wicket victory in the first test. However, England started picking up pace in the second, and were already favourites with an astounding 291 lead at the end of 4th day, and packed West Indies up before touching a double century on the score.Starting with 37-2 on the scoreboard, the immaculate Ben Stokes went all in with a swashbuckling performance. The 29 year old smashed 78 runs from 57 balls, which included four boundaries and three over boundaries.Advertisement While the skipper Joe Root lost his wicket on 22, and Ollie Pope tail ended with a score of 12, the astounding innings from Stokes, who kept his strike till the end, was enough for England to finish the day with 129 runs.With an staggering target of 312 at hand, Windies openers Kraigg Braithwaite and John Campbell marched to the pitch for the chase. However, the hosts bowling squad, lead by the iconic Stuart Broad, capped the chase at 198.Advertisement With three wickets in the second innings, Broad was the hero of the showdown. Bowling 15 overs, the 34 year old pacer picked up three, starting with the early dismissals of Campbell (4), followed by Shai Hope(7) and Roston Chase (6), all with a 2.80 economy rate.Braithwaite was lbw’ed on Chris Woakes’s delivery on a score of 12, the English all rounder who picked his second with Windies wicket keeper Shane Dorwich on zero.However, it was the partnership of Sharmarh Brooks and Jermaine Blackwood that helped West Indies gain pace. Brooks, who scored a 62 with four boundaries and two sixes, marched off against Sam Curran. With seven fours, Blackwood also impressed with a 55, until ending up on the hands of Jos Buttler facing Stokes.The visitor skipper Jason Holder tried to add some breathing room towards the end of the innings. The 28 year old scored 35 runs including five boundaries and a single six, until getting clean bowled by Dom Bess in the 63rd over.It was only single digit scores from the lower batting order of Windies, as Kemar Roach (5) and Alzarri Joseph (9) lost wickets early against Bess and Stokes respectively. Shannon Gabriel was the last man standing with a duck, as West Indies were packed up on 198 in the 71st over.Stokes was the hero of the English dressing room. With a stellar batting performance and picking two wickets, the vice captain was termed as the superhero ‘Mr Incredible’ by his teammate Joe Root.“He’s Mr Incredible. I suppose,” Root said after the match, “I certainly think he can keep performing at this level. I think the sky’s the limit for him really.”If you like reading about MMA, make sure you check out MMAIndia.com Also follow India’s biggest arm wrestling tournament at ProPanja.comAlso read-Iceland cricket in disarray due to shortage of kits!Brett Lee: India vs Australia has no love lost – but on par with Ashes as pinnacle of cricket Advertisementlast_img read more