The Budding State of Economy in America Attracts Legislators

According to a Washington report posted on Thursday, America is vastly showing an exceptional economic growth following several investment schemes. In regards to this, the American senators ignored issues that were raised by the chairwoman of the Federal Reserve, Janet Yellen. Instead of addressing economic issues, most questions were channeled towards regulatory concerns. This was a meeting dubbed the banking committee of senates. According to most Republicans, Yellen was consulted to allow the elimination of some stringent rules imposed on most financial institutions. This was after the financial crisis that was marked in 2008. Most Democrats on the panel pushed her to state the importance of affirming the regulations.

Opinion

Yellen is prominent for her instrumental role in rebuilding most regulations. In the meeting, she stated that she was proud of her input to the systems. Yellen said that since the financial crisis in America, she had done outstanding work in support of the financial system. This was in order to create a resilient as well as reliable financial structure for citizens. Yellen told the committee that there are rollbacks that may contribute to the setbacks that the Trump administration has proposed.

Conclusion

To clear the air on economic regulations, Yellen was careful to state that some rules are too strict for operations. She also highlighted her willingness to call for changes. According to Yellen, she supports the regulation of banking institutions in community banks. This is a renowned idea for most citizens. Yellen hardly commented on monetary policies. According to the benchmark raised by the Federal department, the people will enjoy reduced bonds this year. In her opinion, the economy is in stellar health, and no kind of interference will contribute to its interference anytime soon. According to Yellen, the Federal department is keen on the progress of the economy. Yellen is hopeful that the regulations will not interfere with the progress of the economy.

Brexit: UK Faces Economic Slowdown

UK has been facing a substantial economic slowdown since it exited the European Union. As reported by Independent, Britain’s GDP growth is forecasted to fall from this year’s 1.5 percent to 1.4 percent in 2018.

Citing financial analysts from Credit Suisse, a global financial services company, a report by the business insider has revealed that UK might plunge into a recession from the end of 2017. Sonali Punhani and Neville Hill, analysts from Credit Suisse, argue that despite the chances of the recession being small, there is a 38 percent probability that a technical recession might hit the country.

The analysts’ argument is based on the fact that a technical recession occurs when a country’s economy fails to thrive for two successive quarters. Reports from the Swiss banking giant indicate that UK’s economy grew by a mere 0.2 percent during the first quarter of this year with the bank’s current forecasts showing that UK’s economic growth will stagnate at 0.2 percent during the second quarter.

On top of the stagnated economic growth, UK’s turbulent political backdrop, and its dubious Brexit negotiations are possible factors that are likely to fuel the country towards a recession.

Credit Suisse’s new predictions come just a few months after forecasting another recession that never happened. With respect to the previous forecasts, the financial service provider admitted that their recession report was amiss. They also admit to have made errors while modeling the country’s growth. The analysts also revealed that UK’s consumer spending was better than they had predicted.

McGalla Climbs to Business Success In A Man’s World

Susan McGalla was born in the small town of East Liverpool, Ohio, and there she grew up learning to be a “tough go-getter” from her football coach father. She also learned to keep pace with two older brothers who didn’t “cut her slack” just because she was a girl.

It might have been just the perfect early training ground for a woman who would grow up to become one of the most successful businesswomen and CEOs in America.

After graduating high school, McGall went on to earn a BA degree from Mount Union College in Alliance, Ohio. From there she went to work for American Eagle Outfitters, Inc. What she encountered at this established, venerable company was a heavily male-dominated corporate culture where any woman was automatically relegated to second-tier status – even though times were changing and the company was already taking steps to foster more equality.

But McGalla grew up in a male-oriented household and was undaunted – she embraced her duties and worked her way up from purchasing to a series of management positions. She kept climbing the ladder until she achieved the position of president and chief merchandising officer. At American Eagle Outfitters she was responsible for the P&L, generating revenues of $3 billion and ramping up the company’s e-commerce site and sales.

Despite encountering male-dominated business cultures, McGalla describes her approach as nonconfrontational. She said she did not navigate her job “with a chip on her shoulder” or make any grand attempt to “shatter the glass ceiling.”

In 2009, Mcgalla moved on from American Eagle to become a private consultant within the retail and financial investment industries. She landed a place on the board of directors of HFF Inc., one of the largest and most successful commercial real estate capital intermediaries in the country.

McGalla was named CEO of Wet Seal Inc. in 2011 and parted way with the company about a year later to establish her own private consulting firm, P3 Executive Consulting. She also serves as vice president of business strategy and creative development for the Pittsburgh Steelers of the NFL.

Today, McGalla is enthusiastic about being in control of her own destiny, running her own firm and working with many of the top business leaders in the United States. Her expertise is eagerly sought after by a wide cross section of players within the retail and financial industry sectors.

What’s Happening To The World’s Economy?

The world’s economic situation is going through a monumental change, according to economists. The wealthy and powerful nations are not as important on the world’s economic stage thanks to China and other Asian countries. But Asia is not the only fly in the economic ointment. Brazil, Mexico, South Africa, and India are also playing a role in the declining importance of wealthy nations on the world’s economic stage. Emerging countries are more important because they can produce products that cost less. Plus, there is a population explosion in emerging markets.

Economic convergence is the result of technological advancements in emerging markets. Technology is playing a major role in the shift of economic power. And according to Northwestern University’s social science Professor, Robert Gordon the U.S. economy is not as productive as was during the years between 1920 and 1970. The United States had productivity growth from 1994 to 2014 thanks to the Internet, but that productivity is ancient history, according to Professor Gordon.

So what is the prognosis for the world’s economy? One thing is sure. Globalization is not breaking down. It is reshaping itself. By the year 2022, economic output in Asia will be the same as the output in the wealthy Western countries. China’s share of the world’s economic output will jump to more than 20 percent, and India’s output could jump by more than 10 percent by 2022.

The other factor that will shift economic power to emerging markets in Asia is population growth. The share of the world’s population in the wealthy Western countries went from 27 percent in the 1950s to 15 percent in 2015. China’s share is 19 percent, and India’s share will be more than any other country, by the end of 2025. African countries will also increase their population share over the next five years. Africa’s population share could be more than 20 percent by 2025.

U.S. China Economic Relations Are Good Because Trump Is Playing Nice With China

When Donald Trump was flying around the country giving speeches to promote his candidacy for president, he was quick to call China a currency manipulator. And he didn’t mince words when he said he would impose sanctions on China. Both of those brash statements are just thunder at this point and there’s no sanction rain in sight.

The Chinese president is getting a lot of compliments from Mr. Trump. Plus, Trump’s Commerce Secretary, Wilbur Ross, and his Treasury Secretary, Steven Mnuchin, recently met with Chinese officials and it was a cordial meeting. Some Washington insiders say Trump is trying to play nice so China can keep North Korea under control.

But the shaky bromance between the U.S. and China is slowly deteriorating. China won’t or can’t keep North Korea from making threats. Plus, the reopening of beef exports to China is not enough to balance the trade deficit with China. The trade deficit keeps getting larger on Trump’s watch. China exports $360 billion more good to the U.S. than the U.S. exports to China.

The friction between the two largest economies on the planet is increasing every day. The South China Sea, as well as the trade deficit, and the North Korean issue will force Trump to get into true Trump mode before 2017 ends, according to some state officials. But the Chinese know it is only a matter of time before Trump tries to balance trade. He also wants to stop China from manipulating their currency in order to make Chinese products less expensive on the world market.

The Chinese economy is growing twice as fast as the U.S. economy, and if Trump puts sanctions on Chinese imports, consumers will pay the price, and U.S. economic output will suffer, according to some economist. Most economists think Trump will make a move against China after the Russian debacle goes away, and he gets his healthcare agenda and his budget on the right track.

China’s and the U.S. Economic Policy: The World’s Strongest Nations are Planning Ahead

China has the world’s second largest economy and the United States is the world’s premiere economic nation. Both of these countries wield considerable influence across the globe. China’s primary trade partners are Hong Kong, Japan, South Korea, Germany, Vietnam and of course the United States.

The United States has trade partners as well. The nations they primarily do business with include Canada, Japan, Mexico, the European Union and China. Both of these nations are the top two economic powers in the world. However, they do not agree on a lot of economic and business policies and issues in general.

China has a growing national debt that is threatening its stability. The U.S. is struggling with slow economic growth and productivity. Both nations have to trade with each other and they both have to establish policies that will help each other and other nations around the world.

America has to proceed with caution with how it deals with China. They do not want to make trade difficult with this nation, otherwise they could inadvertently cause China import prices to rise. This in turn would force the average American person to pay more money for the products they consume. Don’t forget that China makes a lot of the products that American people use.

Chinese people have to be mindful about cutting out the prosperity that the U.S. brings to their nation. With at least 300 million people living on less than $3.10 a day, China needs to keep creating products for the U.S. so that more jobs will become available for their population.

The two governments are set to discuss their economic policies and difference at a conference in July of 2017. They will try to figure out what will be the best policies to use regarding trade, economic stability and growth. This gathering between both nations is extremely important because they will in fact be creating policies that will impact the rest of the world. More information about China’s and America meeting is available in Fortune.