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Today we welcome once again our friend and monetary minstrel Jon Shayne, aka Merle Hazard, a Nashville investment manager. Shayne has written and sung such classics as H-E-D-G-E, In the Hamptons, The Greek Debt Crisis and Inflation or Deflation He shared one of his latest hits, Fiscal Cliff, with us on Making Sense. You can access his entire oeuvre here.Today, he conducts an interview with Andrew Smithers, a British economist. We ;ll let him take it from here.Jon Shayne: Late last year, Andrew Smithers answer stanley cup ed questions on this page about how labor share of output in the U.S. has declined over the past thirty years. Judging from the comments received and other reader reaction, many of you would like to hear more about the topic. Andrew was kind enough to agree to answer another round of questions.This graph of his, which we also used in the first interview, shows how much labor shar stanley cup e has declined, in favor of capital :U.S. Department of Commerce, Bureau of Economic Analysis.Andrew formerly ran the asset management business of S.G. Warburg, and now heads up his own consulting firm, Smithers Co., in London. In our last interview, he explained his view that the movement toward a bonus culture, in which business managers get paid for short-term rather than long-term profits, is responsible for the diminishment in output going to labor. stanley cup Jon Shayne: Andrew, a reade Mgpz City council committee recommends replacing Memphis police chief, 1 year after Tyre Nichols death
TOKYO AP 鈥?Leaders of the U.S., Japan, Australia and India gathered in Tokyo on Tuesday for a summit of the Quad. What is th air force 1 e group, where did it come from and why do diplomats keep coming up with strange names for various partnerships WATCH: Biden focuses on technology gaps and security during his first trip to Asia as presidentWhat is the Quad Formally the Quadrilateral Security Dialogue, the Quad began as a loose partnership after the devastating 2004 Indian Ocean tsunami, when the four countries joined together to provide humanitarian and disaster assistance to the affected region. It was formalized by former Japanese Prime Minister Shinzo Abe in 2007, but then fell dormant for nearly a decade, particularly amid Australian concerns that its participation in the group would irritate China.The group was resurrected in 2017, reflecting changing attitud air max 1 es in the region toward China growing influence. Both the Trump and Biden administrations saw the Quad as key to a pivot toward placing more focus on the Indo-Pacific region, particularly as a counterweight to China assertive actions. The Quad l af1 eaders held their first formal summit in 2021 and met again virtually in March.Is it an Asian NATO China has complained that the group represents an attempt at forming an Asian NATO, though unlike the European alliance there is no mutual-defense pact in effect. Quad members say the group is meant to deepen economic, diplomatic a
Today we welcome once again our friend and monetary minstrel Jon Shayne, aka Merle Hazard, a Nashville investment manager. Shayne has written and sung such classics as H-E-D-G-E, In the Hamptons, The Greek Debt Crisis and Inflation or Deflation He shared one of his latest hits, Fiscal Cliff, with us on Making Sense. You can access his entire oeuvre here.Today, he conducts an interview with Andrew Smithers, a British economist. We ;ll let him take it from here.Jon Shayne: Late last year, Andrew Smithers answer stanley cup ed questions on this page about how labor share of output in the U.S. has declined over the past thirty years. Judging from the comments received and other reader reaction, many of you would like to hear more about the topic. Andrew was kind enough to agree to answer another round of questions.This graph of his, which we also used in the first interview, shows how much labor shar stanley cup e has declined, in favor of capital :U.S. Department of Commerce, Bureau of Economic Analysis.Andrew formerly ran the asset management business of S.G. Warburg, and now heads up his own consulting firm, Smithers Co., in London. In our last interview, he explained his view that the movement toward a bonus culture, in which business managers get paid for short-term rather than long-term profits, is responsible for the diminishment in output going to labor. stanley cup Jon Shayne: Andrew, a reade Mgpz City council committee recommends replacing Memphis police chief, 1 year after Tyre Nichols death
TOKYO AP 鈥?Leaders of the U.S., Japan, Australia and India gathered in Tokyo on Tuesday for a summit of the Quad. What is th air force 1 e group, where did it come from and why do diplomats keep coming up with strange names for various partnerships WATCH: Biden focuses on technology gaps and security during his first trip to Asia as presidentWhat is the Quad Formally the Quadrilateral Security Dialogue, the Quad began as a loose partnership after the devastating 2004 Indian Ocean tsunami, when the four countries joined together to provide humanitarian and disaster assistance to the affected region. It was formalized by former Japanese Prime Minister Shinzo Abe in 2007, but then fell dormant for nearly a decade, particularly amid Australian concerns that its participation in the group would irritate China.The group was resurrected in 2017, reflecting changing attitud air max 1 es in the region toward China growing influence. Both the Trump and Biden administrations saw the Quad as key to a pivot toward placing more focus on the Indo-Pacific region, particularly as a counterweight to China assertive actions. The Quad l af1 eaders held their first formal summit in 2021 and met again virtually in March.Is it an Asian NATO China has complained that the group represents an attempt at forming an Asian NATO, though unlike the European alliance there is no mutual-defense pact in effect. Quad members say the group is meant to deepen economic, diplomatic a