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Data Determines ‘Best Political Mix’ for the U.S. Economy

first_img In order to predict a political scenario that would most benefit the U.S. economy, the analysts at Wallet Hub dove deep into data. The researchers compared the condition of the economy under six different situations in which either Democrats or Republicans control one branch of government or both the presidency and legislature. Then they examined each setup according to 13 key economic performance indicators, ranging from “real gross domestic product (GDP) growth” to “poverty rate” to the “consumer and mortgage debt per capita.”They didn’t stop there. The authors went on to analyze each metric under the administration of each president who served between 1950 and 2019, in order to report “which president had the most positive impact on the economy.”The full report including graphics and methodology is available on WalletHub’s website.According to the report, the political mix under which the U.S. economy stands the best chance features a Republican congress and a Democratic President.Home values typically increase an average 4.67% under a Democratic President and a blended congress; as it relates to consumer and mortgage debt, a situation wherein a Democrat is President and the congress is split would be “best,” WalletHub found, with a $1,252 average decrease.Broken down further, some more of WalletHub’s specific findings:S&P averages 16.22% better under Democratic President and Republican congress.GDP growth rate shows 4.22% better performance under both Democratic President and congress.Employment rates show most improvement, .85%, under a Democratic President and a blended congress.Poverty goes down by .66% under a Democratic President and a Republican congress.Gas prices dip by an average of $.20 under a Republican President and a blended congress.The health insurance rates improve with a Democratic President and mixed congress (uninsured rate down 1.23% on average).Job growth is up 2.80% on average under a Democratic President and congress.Household income improves an average of $1,524 under a Democratic President and a Republican congress.National debt as a percentage of GDP dips an average of .76% with a Democratic President and Republican congress.Trade increases by $22 billion under a Republican President and Democratic congress.Numbers collected during the following time period: poverty rate from 1960, uninsured rate (’73), median income (’81) home price appreciation since 1964, trade deficit surplus from 1961, consumer/mortgage debt from ’51-’18—all other data used in the above findings were collected from 1950-2018.The study goes on to show every factor’s performance under each administration since Dwight D. Eisenhower and to detail its findings, taking inflation into consideration.To further expound on its findings, WalletHub posed questions to distinguished experts in economics and policy studies, including “Why do you think that the S&P 500 grew more under Democratic presidents paired with a Republican Congress, whereas GDP grew more under Democratic presidents paired with a Democratic Congress?”Robert E. Wright, a Fellow of Policy Studies at Georgia College and State University, explained that businesses dislike the uncertainty that accompanies big policy changes.”When power is split between the parties, big policy changes are less likely, allowing business leaders to forge ahead with plans that investors believe will be profitable, which of course induces them to shift resources into corporate stocks,” he said. “GDP growth is a much more complex phenomenon that is subject to short (business) and long term (structural) cycles along with external shocks (e.g., hurricanes, condition of trade partners) and a sizable random element (runs of good or bad luck). On top of all that, GDP growth is constrained by the build-up of centuries of existing policies.”In short, he thinks it’s a mistake to believe that any political scenario has much influence over macroeconomic conditions.In fact, all of the experts more or less agreed on that sentiment.Shantanu Bagchi, Associate Economics Professor at Towson University, called the above a difficult question to answer, “not because of the differences in their plans, but because of the nature of economic growth as a phenomenon itself.”He added, “Economic growth is a long-term measure of prosperity, and no one President can single-handedly create an environment the promotes sustained economic growth over a 20-30 year period. Future economic growth requires investment in technology, machines and equipment, and human capital today. The private sector does pretty well as far as investing in machines and equipment is concerned, but technology and human capital are areas where the government can play a crucial role.”From that perspective, he said, “Biden’s plan is more well-rounded than Trump’s, because it appears to be informed by real economics and not rhetoric.”Another belief the panelists shared is that “getting COVID-19 under control” is paramount to economic growth. They also stressed that economic recovery depends on action and not “ideology.””Ideologies are not the engine of growth,” said Gabriele Camera, Professor at The George L. Argyros School of Business and Economics at Chapman University.”History teaches us that ideology-based policymaking, be it of a political or religious flavor, has not been kind to human societies. Economic science teaches us that investment in human and physical capital, the availability of trusted social institutions, the freedom to think, trade, and experiment with novel ideas and methodologies is what ultimately matters.” Home / Daily Dose / Data Determines ‘Best Political Mix’ for the U.S. Economy Data Determines ‘Best Political Mix’ for the U.S. Economy October 13, 2020 1,076 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save About Author: Christina Hughes Babb in Daily Dose, Featured, Government, Market Studies, News Previous: Altisource Expands Operations Next: Wildfire Impact on California’s Housing Market Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly, Salon.com, Dallas Observer, Edible, and the Dallas Morning News, among others. 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May 31, 2021 0

London Baby Ice Breaker…Laurent Reysbosch – HiPay

first_img Submit Share StumbleUpon Laurent ReysboschContinuing SBC’s London Baby Ice Breaker series, Laurent Reysbosch Senior Vice President of iGaming at HiPay, details to readers what industry trends and agenda will dominate debate and discussion in 2017A London Baby sponsor, HiPay are a global payment provider processing more than €2 billon annually across 150 countries and 220 payment type. The firm sets itself apart in the saturated online payments sector by harnessing data analytics which helps deliver valuable customer insights which enable HiPay clients’ businesses to significantly more effective within their chosen sectors._______________________________What new service or product will HiPay be bringing to market in 2017?Laurent Reysbosch: Here’s what we are planning:Implementing local payment methods and industry standards ones to answers iGaming needs and offer the best deposit experience on every type of device. The launch of our Omni-channel payments solutions (A Payment-Bridge between Online and Land-based Casino’s/Betting shops)The launch of our Omni-channel payments solutions, which forms  a payment-bridge between online and land-based Casino’s/Betting shops)We’ll go further regarding payments analytics and insights to higher operators’ conversion rate, detect fraud behaviours and help operators to calculate direct return on marketing and communication investment.SBC: What do you think will be the industry buzzword this year and why?LR: 2017’s industry buzzword will continue to be data and mobile,  this surely has to be the trend for some time,  regarding new markets on offer to consumers, I eSport can be considered as another trendy buzzword.SBC:  Which new technology, service or consumer trend will have the biggest impact on the igaming industry this year?LR: In my opinion, Millennials will drive the market’s trends, and their mobile and social expectations are huge. Their engagement, tech–oriented mind creativity will surely have an impact on iGaming industry, and things will move quickly thanks to them and in their way.SBC: Why have you chosen to begin 2017 by sponsoring the London Baby Party?LR: The Human contact is essential for the HiPay IGaming Team. Then every networking event is interesting as it helps to understand customers’ needs in a friendly atmosphere and then come back to them with a custom-made approach.SBC: Finally, where can people expect to find you at ICE?LR: The whole team will walk around at ICE so, the main bar will be sort of an HQ for us. To meet our team, simply email us at [email protected] or call us, then you’ll meet people behind deposit._____________________________Laurent Reysbosch – Senior VP iGaming – HiPay Related Articles Alberto Alfieri: Leading the way for Gamingtec’s B2C growth August 25, 2020 Share Sweden: Soft2Bet CEO Chaikin on prospering in igaming’s brave new world August 18, 2020 Romania’s ONJN adds 20 sites to blacklist August 14, 2020last_img read more

August 30, 2020 0

UEFA Champions League 2013: Final showdown in the group stages

first_imgThe end of the Champions League group stages is nigh, meaning that the final few places in the knockout stages are to be filled.On Tuesday Shakhtar Donetsk will hope to pick up a result against Manchester Unitedand hold off Bayer Leverkusen to progress from Group A, while in Group B, Galatasaray host Juventus knowing that a win — and only a win — will be enough for them to leapfrog the bianconeri into the knockout stages with Real Madrid. Benfica will be hoping to capitalise on a weakened Paris Saint-Germain to hold onto second in Group C, while Bayern Munich’s match at home to Manchester City is only to decide the group winner — both of those sides have already progressed.On Wednesday the incredibly open Group E could see any two of Chelsea, Basel or Schalke progress, while in F, Arsenal, Borussia Dortmund and Napoli are all hoping for qualification. Atlético Madrid have run away with Group G though Zenit St. Petersburg and FC Porto are still scrapping over second, while in the final group, AC Milan and Ajax are looking to progress with Barcelona. Got all that?ScheduleAll matches kick-of at 2:45 p.m. ETTuesdayGroup A Manchester United vs. Shakhtar DonetskReal Sociedad vs. Bayer LeverkusenGroup BFC Copenhagen vs. Real MadridGalatasaray vs. Juventus Group CBenfica vs. Paris Saint-GermainOlympiakos vs. AnderlechtGroup DBayern Munich vs. Manchester City Viktoria Plzen vs. CSKA MoscowWednesdayGroup EChelsea vs. Steaua BucharestSchalke 04 vs. Basel Group FNapoli vs. ArsenalMarseille vs. Borussia DortmundGroup GAtlético Madrid vs. FC Porto Austrian Wien vs. Zenit St. PetersburgGroup HBarcelona vs. CelticAC Milan vs. Ajaxlast_img read more

August 28, 2020 0

Ask the Mayor — January 15, 2020 — Clear Lake mayor Nelson Crabb & city administrator Scott Flory

first_imgClear Lake’s mayor Nelson Crabb and city administrator Scott Flory were our guests on “Ask the Mayor” on January 15th, 2020. Listen back to the program via the audio player below:last_img

August 13, 2020 0