According to today’s Wall Street Journal, former Goldman Sachs President Gary Cohn, who President Trump has tapped to be White House National Economic Council director, says he is going to dismantle the Dodd-Frank Act. This law was enacted in 2010 in reaction to the massive, systematic cheating that Wall Street and mortgage underwriters such as […]…
About: William Holstein
Author Archives: William Holstein
How CEOs must fight the anti-trade movement
American CEOs should fight the rising tide of anti-trade sentiment in what they say in public and in how they run their companies. Here is a modest agenda appearing in Chief Executive magazine…
Economists Grapple With Public Disdain–Here’s Why
There’s an article in today’s Wall Street Journal which may be difficult for non-subscribers to access, so I will repeat just a couple of paragraphs. It’s by Josh Zumbrun from Chicago. “The nation’s leading economists are suffering an identity crisis as many of the institutions they helped build and causes they advanced have come in […]…
Does Donald Trump Know? Almost Half the Cars Sold in the U.S. Were Made Somewhere Else
The Trumpster is having fun attacking Ford Motor and Toyota for plans to build plants in Mexico. But does he have any idea that almost half the cars sold in the United States were made in other countries? It would take decades to change the fundamental pattern of how the global auto industry has organized […]…
The Myth of Jobs Returning From China
President-elect Trump and fellow travelers are beating the drum to take American jobs back from China. Unbeknownst to them, some CEOs already are doing that. But the jobs that are coming back are different from the ones that left, according to my research on the subject. There are two related patterns. One is that if […]…
