Today, five days after he tweeted this deadline and nine months since he first declared the intention to do so, President Trump raised the tariff on $200B of imports from China from the +10% first applied in March 2018 to +25%. The action follows China’s message to U.S. negotiators backtracking on a number of earlier promises to increase intellectual property protections.
EconVue is about the Gettier Problem which to simplify means that just because one is justified in drawing a conclusion, doesn’t mean that it is true. For example, we certainly could be justified in thinking that racial hatred has increased in the US based on media and news reports. However, a fascinating University of Pennsylvania study says that this isn’t true, and that actually racial prejudice has been declining.
Mike’s commentary on the struggle, or lack thereof, for “partisan” control of the Fed.
Also this afternoon, the Minutes of the March FOMC meeting had few newsworthy disclosures that Powell had not already covered in his post-meeting news conference. We were pleasantly surprised, however, to see that “participants also mentioned a number of upside risks.” Powell had focused overwhelmingly on downside risks.
No Danger of a Trump ‘Takeover’ of the Fed
American healthcare patients are demanding more price transparency, affordable services and quality care. Why are they not receiving it? How can healthcare organizations listen to consumers and set themselves up for success and achieve patient loyalty?
Americans are used to Fee-For-Service (FFS) payments, but this is not the future of healthcare. To make customers happy and satisfied, healthcare organizations need to work patients to improve their payment experience.