week

This week in Trumponomics: Assessing President Biden

President Trump is officially the underdog in the 2020 elections.

Before the coronavirus arrived, Trump’s reelection bid looked reasonably solid. Unemployment was extremely low, incomes were rising and the stock market hit one record high after another. Many voters who didn’t like Trump personally could still say they felt better off under him. And as the 77-year-old Joe Biden emerged as the Democratic nominee, Trump faced a gaffe-prone opponent who arguably maked the 74-year-old incumbent seem young by comparison.

Now, however, Trump is in the worst skid of his presidency, with reelection slipping away. Trump’s faltering handling of the coronavirus crisis and the patchy efforts to control it by governors and mayors has pounded Trump’s approval rating and turned swing voters against him. A New York Times poll this week placed Biden ahead of Trump by 14 points nationwide, the widest lead so far for Biden in any major poll.

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$30,000 a week RV rentals seeing ‘unbelievable’ demand

Forget Italy or the Maldives. This summer it seems everyone is hitting the open road. RV dealers across the country are reporting high demand as people look for a way to travel and stay socially distant.

The RV lifestyle can be an affordable alternative to booking flights and hotels, but there’s a whole luxury RV subset that that’s anything but economical.

“It’s kind of a world that most people are not familiar with, unless you just happen to pass one on the road on vacation. But, these things are well over $2 million in value,” Jer Goss, the CEO of luxury RV company Goss RV told Yahoo Finance’s The Final Round. “It’s a large apartment. The walls extending create a lot of extra space on the inside. It’s basically a luxurious home on wheels.”

Take the Prevost Legendary. It’s a 45’ foot RV with 3 televisions that rents for $3,500

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This week in Trumponomics: Coronavirus backsliding begins

President Trump insists “we won’t be closing the country again,” no matter how aggressively the coronavirus reasserts itself. But the country might close itself, without him.

Apple said June 19 it’s re-closing 11 stores in Arizona, Florida, North Carolina and South Carolina because of rising coronavirus infection levels. Apple is just one retailer among many, and others may not follow suit. But the surprise announcement was enough to flip stocks from positive to negative, for a net loss of about one percentage point on the news.

Markets are jittery about the pace of reopenings, which are underway in most states as governors and mayors try to get back to business. More than 20 states have rising infection levels, according to an NPR tracking map, with the biggest increases in South Carolina, Oregon, Oklahoma, Florida and Arizona. Among those, Arizona has the highest per capita infection rate,

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How this week changed America forever

After nights of rage and perhaps the beginning of reconciliation, one thing is clear. This is a week that changed America.

Acknowledging and denouncing racism in our society became accepted, maybe even required, by mainstream Corporate America. 

It’s crazy this took so long. 

It’s by no means universal. 

There are many battles ahead. 

Still, our nation moved. That much is indisputable.

Unlike previous episodes of racial violence and killings, (and there have been so many and of course it was the cumulativeness of those acts that got us to this point), a company might have denounced a specific act or even more likely, simply ignored it. Wading into those waters was too big a risk. Now the CEOs have to get wet. Jump in or be pushed, you choose. Just know the old rules no longer apply. 

Racism has become a one-sided issue in America. Can you imagine? That it

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This week in Trumponomics: Everything’s great!

President Trump is exultant over a jobs report for May that was dramatically better than economists predicted.

Employers added 2.5 million jobs in May, while the consensus forecast was for a loss of 7.5 million jobs. In a White House address filled with familiar superlatives, Trump called it a “rocket ship” recovery and predicted,  “We’ll go back to having the greatest economy anywhere in the world.” The only thing that could derail that? Democrats taking control in the November elections.

The remarkable job numbers—which one economist described as “the biggest payroll surprise in history”—seems to show a quicker-than-expected recovery from widespread business shutdown in March, April and May, as most states took drastic measures to control the spread of the coronavirus. The biggest gains came in industries hit hardest by the shutdowns, including leisure and hospitality with 1.3 million new jobs, construction with 464,000 news jobs, and retail with 367,000

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