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How the coronavirus hits the world economy

A few weeks ago we first took a look at how a bat (possible origin of the coronavirus) could have a butterfly effect on the world economy.

China accounts for about a fifth of global economic output, a third of global oil imports, and the largest share of global exports. That means that any time the Chinese economy shudders or stumbles, the shockwaves circle the globe. And China is most certainly shuddering.

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Someone old for president!

Our puppet 2020 contenders find common ground on the key attribute the next U.S. president should have. Here's a hint: It involves moth balls and hard candies.

Is the US–Iran crisis over?

Ben White, Chief Economic Correspondent for Politico, offers his analysis on today's big stories in US Politics:

Is the US-Iran crisis over?

I would say no, it's not over. It certainly de-escalated with some help from the Swiss as intermediaries. But Iran could still look to strike back really at any moment, on US oil interests, through cyberattacks. The nuclear deal is still nowhere. So, de-escalated, not over.

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Why Governments Want to Control Digital Currencies

Who do you trust more with your money: Mark Zuckerberg or your country's central bank? It's not just a theoretical question: When Facebook launched its Libra digital currency project back in June, we predicted it would provoke a sharp response from governments.

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First GOP Congressman Says Trump’s Conduct Is Impeachable

Will Congressman Justin Amash's call for impeachment change anything?

I don't think it fundamentally changes anything. It gives Democrats a little cover to say there's bipartisan support for impeachment but not a lot of Republicans are going to jump on that train.

Can Joe Biden win in the industrial Midwest?

He absolutely can. He's got a lot of blue collar support. Trump's trade war is hurting him across the industrial Midwest. So Biden's a real threat to Trump there, if he gets the nomination.

Will abortion be a big issue in 2020?

Well now it will, with the restrictive law in Alabama and elsewhere. That's going to galvanize the women's vote. Probably get some evangelicals even more excited for Trump. So yes, big issue 2020.

Final question today is - The Rant. And my rant is on President Trump tweeting today about how all of Wall Street wanted to do business with him but he just liked Deutsche Bank better than the rest. Simply not true. Banks across Wall Street stopped doing business with Trump because he was too much of a risk. And they just didn't want his business. So surprise, surprise, Trump is tweeting things that aren't accurate.

Who is Attorney General William Barr?

President Donald Trump has asserted executive privilege over materials special counsel Robert Mueller used to assemble his report on Russian interference in the 2016 election. Attorney General William Barr, who faces growing backlash from House Democrats after refusing a subpoena that called for the release of those very materials, has long been an advocate of broad executive power. Barr's past may offer some insights into the present situation.

Trump Forces China's Hand: US Politics in 60 Seconds

Can trump stop Robert Mueller from testifying on Capitol Hill?

No, he can't stop it. He could try to slow it down with legal challenges, maybe even invoke executive privilege, but he cannot stop it.

What's up with all of Trump's tweets about China over the weekend?

I'm told by an administration official that Trump is trying to force China's hand to get a deal done by Friday, it could backfire. The Chinese do not like these kind of tactics.

Can Jared Kushner get his immigration plan through Capitol Hill?

No, there's people lining up on left and right already opposing it. Immigration had proved incredibly challenging over the last decade to get anything done. And Jared Kushner is not going to be the one who solves that.

Is Mayor Pete Buttigieg a moderate Democrat?

Well it's tough to slot him into any particular category but he's definitely more moderate than Bernie Sanders or Elizabeth Warren. He's also for 'Medicare for All' and fixing the environment. But he does care about debt and deficits and the long term impact on his generation.


And go deeper on topics like cybersecurity and artificial intelligence Microsoft On The Issues.

Waiting for the Mueller Report: US Politics in 60 Seconds

How are Americans feeling about President Trump's tax cut bill?

Well, not very good. Polls suggests that it remains really unpopular. People feel like the rich and corporations got most of that tax cut and they didn't get very much.

What's the Dems' biggest achievement in their first 100 days in the House?

I'd say it's oversight of the Trump administration, having the gavels, calling people like Bill Barr up to testify. That'll continue to be their number one role in the House since they don't control the Senate.

Will the Mueller report reveal more details of collusion?

I'd say it's much more likely to give us details about potential obstruction rather than collusion, but I'm not sure there will be huge blockbusters in there.

Is President Trump moving to consolidate power?

Obviously he is. He's cleared out DHS, he's got acting directors or leaders in six agencies not Senate confirmed. He's absolutely moving to consolidate power in himself and the executive branch.



And go deeper on topics like cybersecurity and artificial intelligence Microsoft On The Issues.

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