Latest from Jarrett Dang

• Apr 3, 2023

  Oil output slashed by the million in the Middle East, but what will be the impact?

  

  From the BBC World Service: With some of the biggest oil producing nations in the Middle East voluntarily cutting output by over one million barrels of oil a day, what will the impact be? The BBC Middle East Business Correspondent Sameer Hashmi is in Dubai finding out. Plus, it’s one of Senegal’s most visited tourist attractions, but the Pink Lake is no longer so pleasing on the eye, the BBC’s Soraya Ali reports from Dakar.

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• Mar 31, 2023

  How might the Trump indictment affect markets?

  

  The announcement of criminal charges against Donald Trump by the Manhattan district attorney’s office last night may not have come as a shock to markets, which were notably muted on the news going into Friday. We chat with Christopher Low, chief economist at FHN Financial, about what the reaction has been so far and what could happen going forward. Plus, we look at projections about a key consumer sentiment gauge before data is released this morning. And, the BBC reports on the Japanese government’s move to stop high-tech microchip exports to China.

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• Mar 31, 2023

  America’s energy transition has a worker shortage problem

  

  The Inflation Reduction Act has set out a slew of funding opportunities for government agencies and private companies looking to usher in the green transition. But as of right now, many industries crucial to that effort are facing an acute labor shortage, including trade jobs like electricians. Plus, a look with University of Michigan Professor Erik Gordon at how former president Trump’s indictment could affect markets. Also, the White House has outlined a plan to beef up regulation and oversight of mid-sized banks. And, Amtrak is seeking record funding this year on the heels of the Bipartisan Infrastructure Act.

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• Mar 31, 2023

  Japan moves to restrict China chip exports

  

  From the BBC World Service: Japan is planning to impose export restrictions on equipment used to manufacture semiconductors. The trade controls align with an American push to limit China’s ability to make advanced chips. Plus, the outgoing head of the World Bank, David Malpass, tells us he’s concerned about some of the loan conditions China has been giving to low income countries. And, we talk to the man behind one of the most successful ever cell phone games — the Candy Crush Saga.

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• Mar 30, 2023

  FDIC hints at who will end up paying for recent bank rescues

  

  The chairman of the Federal Deposit Insurance Corporation said yesterday in remarks to the House Financial Services Committee that the agency’s board would vote in June on a new bank assessment fee to make up for the money spent in the rescues of Silicon Valley Bank and Signature Bank. We look at the details. Plus, China has issued warnings to the U.S. over its brief hosting of Taiwanese President Tsai Ing-wen. And, we talk to Sophie Pedder, The Economist’s Paris bureau chief, about what’s been going on in France amid unrest over the government’s pension reforms. 

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• Mar 30, 2023

  The economic — and political — consequences of reforming France’s pensions

  

  More than a million people have taken to the streets across France since President Emmanuel Macron forced through legislation raising the retirement age from 62 to 64.

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• Mar 30, 2023

  Why return-free tax filing isn’t — but probably should be — a thing in the U.S.

  

  Tax season is upon us, and that means an age-old debate is resurfacing amongst accounting nerds far and wide — why do Americans still have to file tax returns? Another simpler, and arguably better, system called return-free filing is used across the world. Chris Farrell walks us through the potential benefits of adopting such a system in the U.S. Plus, why plateauing mortgage rates are leading to more applications from would-be homebuyers. And, a look at some of the rule changes coming to Major League Baseball as teams start playing regular season games today.  

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• Mar 30, 2023

  Could return-free tax filing actually be on the horizon?

  

  The idea has been thrown around for a while now, but new IRS funding may help it become a reality.

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• Mar 30, 2023

  How U.S. green subsidies are forcing other nations to act

  

  From the BBC World Service: When President Biden unveiled the Inflation Reduction Act last summer, the subsidies on offer turned heads around the world. Today the UK is unveiling its plans for a net-zero economy, and the European Union already has its Net Zero Industry Act. But do the policies cut the mustard with business? Plus, The Guardian newspaper has faced up to the slavery links of its founder. It now plans to invest around $12 million over the next decade in a program of restorative justice.

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• Mar 29, 2023

  Bank supervisors under bipartisan fire from Senators

  

  Lawmakers on Senate Banking Committee yesterday grilled bank supervisors and other government financial regulators over alleged failures in oversight leading up to the recent bank collapses. Karen Petrou, managing partner at Federal Financial Analytics, walks us through what’s been said so far — and what could be in store for today’s hearing. Plus, housing prices remain all too high for many people, but recent data suggest a tapering in the rate of rent inflation. And, a look at the economic and environmental effects of having a lead smelting plant in the Los Angeles area, one of the few remaining in the country. 

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