The CEO and president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate business “if it comes with a level of unemployment that puts employers back in the driver seat and allows them to get all their employees back into the office.” The executive, Jordan Kaplan, then repeated that “the thought would be that unemployment would be up. And therefore, employers would be in the driver seat to bring people back in the office, which is where they want them.”
Real Estate CEO: Recession Could Be “Good” if “Unemployment … Puts Employers Back in the Driver Seat”
Tag: Lawrence Summers
Bill Gates and the Secret Push to Save Biden’s Climate Bill
Bill Gates and the Secret Push to Save Biden’s Climate Bill
Gates started wooing Manchin and other senators who might prove pivotal for clean-energy policy in 2019 over a meal in Washington DC. “My dialogue with Joe has been going on for quite a while,” Gates said. “Almost everyone on the energy committee” — of which Manchin was then the senior-most Democrat — “came over and spent a few hours with me over dinner.”
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Also at Manchin’s insistence, automakers also will see new strings attached to electric vehicle tax incentives so they will have to be made in North America and, by 2024, can’t use batteries sourced from China. Labor leaders bemoaned that the final package doesn’t contain much support for workers who lose their jobs in the green transition.
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There’s been such whiplash from 2016 when, as Gates puts it, green spending from the US government “had dropped to near zero.” Six years later, American climate finance has been “reinvigorated,” and Gates now sees innovation “going way faster than I expected. That’s why I’m optimistic that we will solve this thing.”
The working class is going to be thrown under the bus, but at least Bill Gates is happy. 🤷🏼♀️
Larry Summers warns unemployment must rise to cool inflation
Ex-Treasury Secretary Larry Summers warned that millions of currently employed Americans must lose their jobs in order for the Federal Reserve to succeed in its bid to cool inflation.
Larry Summers warns unemployment must rise to cool inflation
Related:
Larry Summers Says US Needs 5% Jobless Rate for Five Years to Ease Inflation
Maybe he can ship some more jobs overseas [/sarcasm]?! I’d suggest shipping him, overseas, but I wouldn’t even wish that on my enemy!
Washington Reveals Its Summit Agenda: Threaten & Bribe Putin to Break with China
Washington Reveals Its Summit Agenda: Threaten & Bribe Putin to Break with China
Watch in YouTube.
Biden will also likely press Putin on joining the G-7 nations’ just-announced international infrastructure initiative aimed at pushing back on China‘s influence in the global community. Sullivan on Monday told reporters that Biden plans to press Putin to help him provide a check on China, which is a big ask since Moscow and Beijing are aligned against Washington and the West on many issues.
The new G-7 agreement, dubbed “Build Back Better World” by Biden and his allies, will direct “hundreds of billions of dollars in infrastructure investment for low and middle-income countries that need it,” an administration official told reporters Saturday morning.
Biden aims to avoid Trump’s misstep by skipping joint press conference with Putin
Doubt that Putin has forgotten about this.
Ms. Cat’s Chronicles 