Archive for the ‘Obama’ Category

Fact-checking Barack Obama on the Senate filibuster – PolitiFact

During an interview with New York Times opinion writer Ezra Klein, former President Barack Obama took aim at the filibuster the Senate procedural tool that allows a minority of 41 senators to block action on a bill on the grounds that its undemocratic.

"The filibuster, if it does not get reformed, still means that maybe 30% of the population potentially controls the majority of Senate seats," Obama told Klein. "And so if you say that 30% of the country is irreconcilably wrong, then its going to be hard to govern."

It wasnt the first time that Obama has criticized the filibuster since leaving office. At the eulogy for John Lewis, the civil rights activist and congressman from Georgia who died in 2020, Obama called the filibuster a "Jim Crow relic."

In the transcript of the interview with Klein, this passage about the filibuster included a link to a Washington Post analysis of the differences between population and representation in the Senate. However, the Post article doesnt precisely support what Obama said.

We reached out to Obamas post-presidential press office but did not hear back. Instead, we crunched the numbers from the 2020 Census and concluded that Obamas overall point had merit but that he misstated the details.

In particular, Obama said that states with a small percentage of the population could control "the majority of Senate seats." Given todays partisan tendencies in each state, controlling an actual majority of seats would not be feasible for that small a percentage. However, a small percentage of the population could control enough seats to successfully wield the filibuster, which effectively gives them control over whether a majority can pass legislation.

What the Post article said

The Constitution gives each state two senators, regardless of population, so Wyoming and Vermont have the same representation in the chamber as California and Texas, which have more than 30 times as many people.

The Post article cited in the transcript was headlined, "By 2040, two-thirds of Americans will be represented by 30% of the Senate." Thats 20 years in the future, but the article goes on to note that even today, the largest 15 states have 66% of the nations population, but just 30 seats in the Senate.

While the articles conclusion is generally consistent with Obamas point, it doesnt have anything to do with the filibuster or the 60-vote threshold to end one. Rather, the article looked at representation throughout the entire chamber.

More importantly, the headline finding from the article is purely numerical, and ignores which party currently holds the smallest states Senate seats. In reality, those 35 smaller states have selected a mix of Republican and Democratic senators, so these states would not be likely to form a unified coalition.

Taking into account party affiliation

But there are ways to look at the question of whether senators from a bloc of smaller states could effectively use the filibuster to steer the Senate for one party. One way is to ask: What is the smallest share of the U.S. population whose senators could block legislation by mounting a successful filibuster, once you factor in the prevailing party affiliation?

For this analysis, we used the current partisan breakdown of the Senate. The results could change if seats flip in the next election, or if partisan trends in some states evolve.

We looked at the smallest 21 states that currently have two senators from the same party 21 because thats the minimum number of states that would allow one party to prevail in a filibuster, and the same party because in the six states with mixed delegations, the senators votes would likely cancel each other out. (We counted the Senates two independent members, Angus King of Maine and Bernie Sanders of Vermont, as Democrats, since they caucus with the Democrats.)

The 21 smallest states that have two Republican senators account for 29% of the U.S. population. So, by themselves, these states could muster 42 votes to sustain a filibuster, thereby overruling the 71% of the population represented by the other 58 senators.

The 21 smallest states with two Democratic senators account for 39% of the U.S. population, meaning that Democrats from these states could mount a filibuster that thwarts senators representing the remaining 61% of the population.

So Obamas remark is a reasonable assessment of how much muscle a fraction of states can flex in order to block legislation in the Senate.

How much population is needed to control a majority of Senate seats?

But Obamas claim that "30% of the population potentially controls the majority of Senate seats" overreaches. In the Senates current makeup, 29% to 39% of the population could control 42 seats but not a majority of seats in the 100-seat chamber.

In reality, neither party today can muster an actual majority,51 seats,using just states that have unified partisan control of their Senate delegation.

Adding Texas and California to the previous tally, the 22 states that currently have two Republican senators represent 38% of the population, and the 22 states with two Democratic senators represent 51% of the population. (The other six states have mixed representation.)

These groupings of states produce only 44 seats for either party not a majority.

In the big picture, however, Obama has a legitimate point, said Josh Ryan, a Utah State University political scientist and specialist in Congress.

"Essentially a very small population of the country gets to veto legislation preferred by a large majority," Ryan said. "They don't get to control the Senate, but they get to control what passes the Senate."

Our ruling

Obama said, "The filibuster, if it does not get reformed, still means that maybe 30% of the population potentially controls the majority of Senate seats."

In the Senates current makeup, senators representing 29% to 39% of the U.S. population would be sufficient to mount a filibuster and block a vote on legislation, in a sense controlling what can be passed in the chamber.

However, an alliance of states with a combined population that small couldnt secure a majority of seats in the chamber, unless you ignore todays strong partisan leanings in most states.

We rate the statement Half True.

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Fact-checking Barack Obama on the Senate filibuster - PolitiFact

How to Visit The Obama Portraits | The Art Institute of Chicago – Art Institute of Chicago

Included in Your General Admission TicketAccess to The Obama Portraits is included in a general admission ticket; it does not require a separate exhibition ticket.However, we are predicting this exhibition will reach capacity on a daily basis, so while we will do our best to get everyone in, entry will be first-come, first-served.

Free Week for Illinois ResidentsDuring the first week of The Obama Portraits, June 1825, general admission will be free to Illinois residentsbut tickets must be reserved online in advance. Tickets for this week will be available June 4 (learn more below). Youll receive your ticket via email and can show it on your phone or as a printout when you arrive at the museum.

Ticket ReleaseGeneral admission tickets for the eight-week period the portraits are on view will be released in batches to provide multiple opportunities for visitors to get tickets.

Sign up for our emails at the bottom of this page or follow us on social media to learn the exact date and time of the release.

A small number of tickets will be available on-site for those groups who qualify for unreserved free admissionChicago teens under 18, LINK/WIC card holders, military members and their families, and Illinois educators, as well as families who have a free family pass or a Kids Museum Passport from the Chicago Public Library. Please check our free admission page to be sure you bring your qualifying identification, and stop by an admissions counter when you arrive to receive your free ticket(s).

Virtual LinesThe exhibition has a virtual line in order to manage capacity and promote physical distancing. Please join the line as soon as you arrive by scanning the QR code posted on signs throughout the museum. Museum staff will be available to assist you in joining the virtual line.

Wait Times and Best Days to VisitWe also encourage you to check live wait times on the exhibition page and consider visiting on a weekday when the galleries tend to be less busy.

While you wait, pick up our special Obama self-guided tours pamphlet, which uses the portraits as a starting point to explore the rest of the museum.

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How to Visit The Obama Portraits | The Art Institute of Chicago - Art Institute of Chicago

Former Obama education advisor Seth Andrew in talks to resolve charter school theft case – CNBC

Seth Andrew during a TEDx Talks

Source: TEDx Talks | YouTube

Federal prosecutors and a lawyer for former Obama White House education advisor Seth Andrew are in initial talks about potentially disposing of the criminal case that accuses him of ripping off a charter school network that he founded of $218,000, a court filing by a prosecutor says.

Those discussions came to light just a month after Andrew was arrested on a criminal complaint in New York City on charges of wire fraud, money laundering and making false statements to a financial institution.

But a person familiar with those discussions, who requested anonymity because of the nature of the talks, said they do not relate to a possible plea deal, but instead are giving Andrew's new lawyer time to get up to speed in the case.

Andrew, 42, who is free on a $500,000 bond, is founder of Democracy Prep Public Schools, which he left in 2013 to join the administration of then-President Barack Obama.

Prosecutors last month accused Andrew of looting a series of escrow accounts belonging to individual schools in the Democracy Prep network in 2019.

Andrew then allegedly used most of that money to maintain a bank account minimum, which in turn gave him a more favorable interest rate on the $1.776 million mortgage for the Manhattan residence that he shares with his wife, CBS News anchor Lana Zak.

Andrew and Zak obtained a mortgage rate of just 2.5%, or 0.5% less than they would have had to pay, as a result of having more than $1 million on deposit with the lender.

Without the more than $142,000 in allegedly stolen funds that he deposited with the lender, "Andrew would have been eligible for only a 0.375% interest rate deduction," the U.S. Attorney's Office for the Southern District of New York noted last month.

Democracy Prep has said it learned of the unauthorized withdrawals and then contacted authorities.

Zak, who has three children with Andrew, is not accused of wrongdoing.

Thursday was the legal 30-day deadline for Andrew to be charged in the case by either a grand jury indictment or another type of charging document, known as an information, which is typically filed when a defendant has signaled his willingness to plead guilty.

On Thursday, the prosecutor in the case asked Manhattan federal court Magistrate Judge Barbara Moses to extend that deadline.

"Defense counsel and the Government are discussing a potential disposition to this case and other matters," Assistant U.S. Attorney Ryan Finkel wrote in a court filing.

"Therefore, the Government is requesting a 30-day continuance until June 27, 2021, to continue the foregoing discussions. The undersigned personally spoke with defense counsel who specifically consented to this request."

Moses granted the request for a continuance in an order which was made public Friday.

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A disposition in a criminal case typically refers to a guilty plea, an acquittal at trial, or, less commonly, the dismissal of charges by prosecutors.

It is common for prosecutors and defense attorneys to discuss a possible plea agreement, but such talks do not always end with a deal.

And the person familiar with the discussions in Andrew's case said the postponement of the indictment deadline stems from the fact that his lawyer, Edward Kim, only recently was retained to represent him in this case, not from a move to resolve the case as of now by a plea.

The U.S. Attorney's Office for the Southern District of New York declined to comment.

Kim declined to comment as well.

Andrew until his arrest had been CEO of Democracy Builders, a group that bills itself as a "social sector studio that has launched more than $1b in enterprises that are changing the face of education, democracy, and technology around the world."

Democracy Builders in 2020 bought the former campus of Marlboro College in Marlboro, Vermont, for more than $1.7 million, with the goal of setting up a school there dubbed Degrees of Freedom.

The group removed Andrew as chairman of its board of directors and restricted his access to all financial accounts after learning of his arrest.

Natasha Trivers, current CEO of the charter school network Democracy Prep, last month said in an email to the network's families that Andrew's "alleged actions are a profound betrayal of all that we stand for and to you and your children, the scholars and families that we serve."

Trivers added, "The network's finances remain strong, and at no time did any of the activity by Seth Andrew have any adverse effect on our scholars or the functioning of our schools."

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Former Obama education advisor Seth Andrew in talks to resolve charter school theft case - CNBC

Biden’s Plans Face Youngstown Test That Defeated Trump and Obama – Bloomberg

During Youngstown, Ohios industrial heyday, the box-like building on West Boardman Street was home to the printing plant of the Vindicator, a venerable broadsheet that took on big business, corrupt politicians, and organized crime. Today its home to the future of American manufacturingor the company behind at least one version of it: the JuggerBot Tradesman P3-44, a 3,400-pound, $225,000 3D printer built for industrial tasks such as turning thermoplastics into foundry molds. The sheer volume of what you can do on these-style machines completely changes the game, says Zac DiVencenzo, a Youngstown-area native whos JuggerBot 3Ds president.

JuggerBots DiVencenzo says he wants to get Youngstown on the map.

Photographer:Ross Mantle for Bloomberg Markets

DiVencenzo grabs a felt-tipped pen, finds some empty space on a whiteboard, and begins charting up cost curves. Hes making an economic case for whats known as additive manufacturing and for the bright future of his six-year-old startup, its six employees, and a former steel town of 65,000 people thats been battling for decades to find a new place in a U.S. economy running away from it. Im just working to get Youngstown on the map, DiVencenzo says.

For decades, this corner of Ohio has been held up by everyone from Bruce Springsteen to Donald Trump as an emblem of industrial decline and whats gone wrong in America. A succession of presidents has promisedand failedto turn around Youngstown, which, despite all the political attention and federal dollars lavished upon it, doesnt have a supermarket in the residential neighborhoods closest to downtown.

In his 2013 State of the Union address, Barack Obama singled out Youngstown as an example of one route to industrial revival. Four years later, Trump came to town. The jobs are coming back, he told a crowd of supporters: Dont sell your house. In 1990 more than 61,000 people were employed in manufacturing in the Youngstown metropolitan area. When Obama gave that address to Congress, the number was 29,895. By March of this year, the number was 23,128.

Now comes Joe Biden with his plans for $4 trillion in new Big Government spending. The two packages on which hes betting his economic legacy cover everything from roads, bridges, and 21st century energy infrastructure to bringing home semiconductor and pharmaceutical production, not to mention greater access to free education and child care for workers. His biggest long-term economic bet is that an industrial pivotfrom an economy driven by internal combustion engines and fossil fuels to one powered by electric vehicles, wind turbines, and solar cellswill generate enoughjobs to make up for those lost when older industries faded away.

In Youngstown and the surrounding Mahoning Valley (once known as Steel Valley, its been hopefully rebranded as Voltage Valley by local politicians), theyve been betting on EVs for a while. This collective goal, together with the pivot envisioned by Biden and his advisers, may well be more grounded in reality than the hollow Trump-era promises to bring back steel that were showered on the region, says Albert Sumell, an economist at Youngstown State University.

But the history of grand revitalization plans doesnt bode well for actually generating the jobs needed or being promised. The fact is theres the political narrative, and then theres the economic reality, Sumell says. Theyre never the same, and they are often just factually opposed to one another.

A worker in a Juggerbot machine

Photographer:Ross Mantle for Bloomberg Markets

JuggerBot, founded by DiVencenzo and a few friends out of the engineering program at Youngstown State, wouldnt exist without Big Government. As a student, DiVencenzo interned at America Makes, the National Additive Manufacturing Innovation Institute, which opened in Youngstown in 2012 as part of Obamas efforts to spur the creation of new manufacturing jobs. Today it operates out of a federally subsidized building attached to the institute, which is also an arm of the Pentagon-affiliated National Center for Defense Manufacturing and Machining. The company will derive half its expected $2.2 million 2021 revenue from government projects.

DiVencenzo says his plan is to move JuggerBot out of subsidized premises and away from government work within five years, by which time hed like to have 40 to 60 employees. In the meantime, it shares space with other government-nurtured 3D companies, including Fitz Frames, which 3D-prints $95-a-pair custom eyeglasses using an app that registers facial measurements.

America Makes exterior at left

Photographer:Ross Mantle for Bloomberg Markets

America Makes, which has 13 employees of its own in Youngstown, has received $195 million in federal funding since its inception. Much of that has gone to exploratory 3D printing projects such as seeing whether the technology could enable the manufacturing of now-obsolete parts for aging Lockheed C-130 Hercules military transport planes. In 2019 the U.S. Department of Defense committed to $322 million in funding over seven years for America Makes.

Theres an inescapable contradiction in the mission of America Makes, whose network includes more than 200 companies in the U.S. and only 12 in the Mahoning Valley. It may be creating jobs in a new industry. Yet, given the realities of modern manufacturing, every productivity advancement created by an innovation such as 3D printing tends to mean fewer jobs overall.

Thats evident in Leetonia, a rural town 25 minutes south of Youngstown, where Mark Lamoncha is plotting the 3D printing future of his own family-owned company, Humtown Products, part of the America Makes network. In a former Mitsubishi tire-mold factory, five German-made 3D printers whir away 24 hours a day printing sand molds and cores for foundries that will use them to manufacture engine blocks and other cast-metal components.

Lamoncha, CEO and head coach of Humtown Products, is an evangelist for 3D printing and new productivity-driven management techniques.

Photographer:Ross Mantle for Bloomberg Markets

Lamoncha is an evangelist for 3D printing and new productivity-driven management techniques. He has rebranded his employees industrial athletes. They work six-hour shifts. A payroll system monitors their performance and adjusts their hourly earnings accordingly. On his business card, it states Lamoncha is president, chief executive officer, and head coach.

The athletes have struggled in recent times. When the last recession hit, in 2008, Humtown, using traditional techniques to make its molds, employed 225 or so people. Today it employs 48, most of whom work at a facility in neighboring Columbiana, where they still use traditional tooling and yet produce more than the old workforce did.

Humtown is a classic illustration of how productivity-focused business interests can clash with jobs-focused economic policies. Lamoncha isnt shy about saying hed love to eventually move to an entirely 3D printing-driven model. Thats unlikely to involve expanding his workforce, given that only eight of the companys employees work in Leetonia now.

Polyethylene granules made for Humtown

Photographer:Ross Mantle for Bloomberg Markets

Lamoncha is also exploring the idea of 3D-printing metal components directly and venturing into other materials, presaging an even bigger disruption of the local industrial economy. On a recent tour of his Leetonia plant, he stops to reach into a large cardboard box filled with what looks like white sanda batch of polyethylene granules made for Humtown by Exxon Mobil Corp. Its meant for a trial to see if a relatively old-school moldmaker can be turned into a high-speed producer of plastic components.

Its a science experiment, Lamoncha says. Its the power of what if?

When you drive by the former General Motors Co. plant in Lordstown, northwest of Youngstown, what strikes you isnt the complex of buildings that once housed 6.2 million square feet of production lines but the vast tarmac tundra of empty parking lots. After the steel industry collapsed in Youngstown in the late 1970s and 80s, GMs Lordstown facility became the biggest employer in the area. At its peak, in 1968, it had a workforce of more than 12,000. Then GM closed the plant in 2019. Surveying the scene, you realize how much the economic future of this place depends on filling those parking lots.

A vast, empty parking lot surrounds the Lordstown assembly plant that GM shut down in 2019.

Photographer:Ross Mantle for Bloomberg Markets

Thats not going to happen anytime soon, if ever. Lordstown Motors Corp., an EV startup, bought the assembly site at the end of 2019 with the help of a loan from GM, thus becoming an anchor of the Voltage Valley idea. It promised the state of Ohio that it would employ more than 1,500 people over the next 15 years and in exchange got a tax credit. Even in its dying days, GM had three times that many people on its payroll making Chevrolet Cruze sedans at the plant.

Lordstown Motors has said it would start turning out electric pickup trucks by the end of this year. But doubts have been raised over its plans. A March report by short-seller Hindenburg Research questioned the companys business strategy, prompting a shareholder lawsuit and a Securities and Exchange Commission probe. Lordstown Motors says that Hindenburgs allegations about inflated sales figures and other questionable practices are unfair and that its on track to begin production.

Nearby, Ultium Cells LLC, a GM joint venture with South Koreas LG Chem Ltd., is building a new plant to produce batteries. Its pledging to hire more than 1,100 workers. A distribution center for big-box discount retailer TJX HomeGoods staged a partial opening at the end of April and has promised to eventually employ around 1,000 people. Add in ventures like JuggerBot that might be attracted to the area by the promise of working with either Ultium or Lordstown Motors, and you might come up with a few thousand more jobs.

To boosters, the new jobs are a sign of a local economy righting itself. But the bounce isnt enough, says Tim Francisco, who runs Youngstown States working-class studies program. While GM has announced a strategic shift to EVs, he says, its relegated the Mahoning Valley to a supporting role. Its significant that GM isnt building the vehicles here and is only building components, Francisco says.

The fact is theres the political narrative, and then theres the economic reality. Theyre never the same, and they are often just factually opposed to one another

When Candidate Biden passed through Ohio last year, one of the people he sat down with was Youngstown Mayor Jamael Tito Brown. Please dont forget places like Youngstown, Brown says he told Biden at the time. Brown, a Democrat whos up for reelection in November, is confident that wont happen. Bidens $1.9 trillion Covid rescue plan is sending $88 million to the city. But the real proof of Bidens commitment, Brown says, will come if the presidents pending infrastructure plans yield the federal funding Youngstown needs to fix its roads and rip up the lead pipes below them that still carry much of the citys water.

For its part, Youngstown is focused heavily on training the workers needed to turn the vision of Voltage Valley into something concrete. Weve got to make sure that we take this opportunity to get a workforce that is ready, Brown says.

ExcellenceTraining Center

Photographer:Ross Mantle for Bloomberg Markets

The latest part of that effort is taking place at Youngstown States Excellence Training Center, situated in a former county jail across from the Greyhound bus station and funded by $12 million in state and federal grants. The plan is for Youngstown State engineering students to learn applied skills alongside future machinists and other factory-floor workers enrolled in programs run by Eastern Gateway Community Collegethe program may even include students from local high schools. Its a Disneyland of advanced manufacturing, says David Sipusic, the centers executive director.

Its part of a bigger effort to transform downtown Youngstown into an industrial training hub, says Art Daly, senior vice president in charge of the community colleges Youngstown campus. Eastern Gateway already works with the Mahoning Valley Manufacturers Coalition to create training classes tailored to companies willing to pay trainees and work with local public agencies to sort out things such as free child care and transportation. But what comes next will be bigger than that.

On the frontlines of the training efforts are people like Vicki Young, a welding instructor at Eastern Gateway. As a Black Youngstown native, she grew up hearing her mother urge her to get an education and target white-collar careers. She took an indirect route and worked as a welder at Delphi Automotive, a parts maker, before turning to education almost two decades ago.

College instructor Young says welding is how I handle stress.

Photographer:Ross Mantle for Bloomberg Markets

Young talks about welding in near-spiritual terms. Its how I handle stress, she says. I just go in there and turn on the welding machine, and everything just goes away. Mindful of how her own vocation evolved, she acknowledges that many of her students will end up operating precision robots rather than wielding torches. But thats OK, she says: From running that robot to repairing that robot to installing that robot to programming that robotthose are still jobs that are done by individuals in the welding field.

One night in April, Pastor Michael Harrison of Youngstowns Union Baptist Church logs on to his computer to host an online forum with Mayor Brown and two challengers in a May 4 Democratic primary, which Brown will go on to win easily. The questions range across topics youd expect in Youngstown, including the lack of a supermarket (a few discount grocery chains operate on the fringes of the city) and crime (the erstwhile power of mobsters once had newspapers dubbing the city Crimetown).

Pastor Harrison says hes wary of talk about industries of the future.

Photographer:Ross Mantle for Bloomberg Markets

Then Harrison asks about jobs: What are your plans to attract employment opportunities to the area that provide a living or a livable wage? One challenger says hed call every business in Youngstown from A to Z to ask them what they need. When Browns turn comes, he offers what sounds like a platitude: Weve got to let everyone know that Youngstown is open for business.

Harrison doesnt betray it during the candidate forum, but over the years hes grown skeptical of what feels like an endless procession of bets on industries of the future. His own congregation has halved in size over the years. All the while, politicians have peddled their promisesa new Youngstown that sounded a lot like an unobtainable version of a distant past or, as in Trumps case, a return of the steel mills. It gives you that hope, Harrison says. But it was a lie.

For all the talk about next big things or the notion that theres a Voltage Valley on the other side of that bleak hill, there are stories that drive home just how intractable some of Youngstowns ills are. Shortly after midnight one day last September, firefighters were called to a blaze at what used to be a Kroger supermarket. Which seems unremarkable. Until you learn from a local TV report on the incident that the store closed in 1982and that only weeks before the fire, Youngstowns blight remediation superintendent had told the TV station the city wanted to demolish the abandoned building but didnt have the money.

Pat Rosenthal and Jim Converse want to revive the city, one small business at a time.

Photographer:Ross Mantle for Bloomberg Markets

Pat Rosenthal and Jim Converse met during an ill-fated 1970s effort by an employee group to buy and revive a shuttered steel mill in Youngstown. Over the years, Rosenthal plied her trade as an activist lawyer, and Converse started a business with his brother recycling the detritus left behind in abandoned steel mills. In 1989, hoping to create jobs after the local steel industry collapsed, Rosenthal founded Common Wealth Inc., where Converse serves as community economic development director.

After decades of fighting for Youngstown, Rosenthal and Converse struggle to muster much optimism about the future of the city. Converse figures Youngstown is destined for a life as a haven for low-paying jobs. Rosenthal complains that for too long city leaders have failed to plan for the long haul. Thats my big disappointment, she says. It feels like they are always grabbing for the low-hanging fruit.

But together, as tens of millions of dollars in federal money flowed through Youngstown and the Mahoning Valley to mixed effect, Rosenthal and Converse have done the kind of work that suggests that community activism, though small in scale, may occasionally offer more durable solutions to local problems. Common Wealths Grow Elm Street project, for instance, has helped retrofit eight buildings for small businesses and created a dozen affordable apartments.

In one of its more unusual adventures, Common Wealth acquired a corner bar on Elm Street after a police bust and transformed it into a kitchen incubator, providing equipment, technical assistance, and marketing advice to food entrepreneurs in a space where a local Mafia figure once ran a cocaine ring. Since its creation, the incubator has helped some 260 businesses that make everything from hot sauce to gourmet dog food.

Prepared Wellness, which prepares meals for customers once a week, has provided jobs for a growing band of cooks and delivery drivers.

Photographer:Ross Mantle for Bloomberg Markets

Common Wealths biggest recent success story, Prepped Wellness, is a four-year-old subscription meal business that takes over the kitchen incubator each weekend to prepare as many as 2,500 meals for customers as far away as Pittsburgh. For a fee, Prepped Wellness cooks and delivers healthy meals to subscribers once a week. The menu recently included a Korean tofu rice bowl with green beans, cod cacciatore, and cilantro lime chicken, along with egg quiche cups and fruit for breakfast. Prepped Wellness is now the kitchens biggest user.

Gino West, the founder, came to Youngstown from Pennsylvania, a jazz drummer pursuing a music performance degree at the university only to become a nutritionist and health-food evangelist instead. His businesss success led him to take over the cafe attached to Common Wealths kitchen incubator earlier this year in a bid to cater to students from nearby Youngstown State. West is looking to expand Prepped Wellnesss client roster in the Pittsburgh suburbs, an hours drive away, and is talking to retirement communities about providing the service to their residents. Hes also setting up small grab-and-go locations where you can pick up, say, a coffee and a wrap. All of this means jobs in the form of a small but growing band of cooks and delivery drivers.

Entrepreneur West founded Prepped Wellness four years ago.

Photographer:Ross Mantle for Bloomberg Markets

West says hes come to realize that part of the key to his success is Youngstown itself. Its location means that he can see catering to bigger metropolises like Pittsburgh and Cleveland and their affluent suburbs, all within easy driving distance. Precisely because its seen and is still seeing hard times, Youngstown is also a cheap place to live and run a business.

It also helps, West says, that hes part of a new corps of entrepreneurs who all lean on each other for advice in Youngstown, whose environs have historically been a breeding ground for a surprising number of startups from Good Humor, the ice cream company, in the 1920s to Arbys, the sandwich chain, in the 1960s. He inhabits the sort of entrepreneurial ecosystem that the federal government is setting out to create for electric vehicles and 3D printing. Only its one growing up more organically. I need Youngstown as much as Youngstown needs me, he says.

Donnan covers economics from Washington.

Continued here:
Biden's Plans Face Youngstown Test That Defeated Trump and Obama - Bloomberg

In Florida, whats the deal on taxes and growth? | Column – Tampa Bay Times

In a recent column in the Tampa Bay Times, Tom Feeney, president and CEO of Associated Industries of Florida, paints a bit of a grim picture for the state if President Joe Bidens tax increase proposals pass.

He states that higher taxes for small business owners who pay through their individual return, and increases in corporate taxes, will hurt Floridas manufacturers, making it harder for them to sustain their operations, let alone grow their businesses and create jobs.

So, if what Feeney is stating is true, then that same logic would imply that Floridas businesses were unable to grow and hire workers during the post-recession tenure of President Barack Obama when taxes were higher. Was Floridas economy in the tank pre-2017? Lets see.

The graph shows that Floridas real GDP grew at a healthy clip during President Obamas second term, peaking at an unsustainable 5.8 percent in 2015. The first two years of Trumps presidency show a slight increase in Floridas GDP growth rate followed by a small decline in 2019. A reminder: A lot of Floridas economic growth is caused by population increase.

Methinks Mr. Feeney doth protest too much. An article that I wrote for the Times showed that there was more job creation in the United States during Obamas final three years when taxes were higher than during Trumps first three years.

Feeney states that in the two years after the tax reforms were enacted before the pandemic hit Florida added more than 400,000 jobs, experienced historically low unemployment, and held a private-sector job growth rate that significantly out-performed the nations rate.

But did a lot of that job growth occur because of the migration of retirees and others to Florida? The country is aging. About 10,000 citizens are reaching the age of 60 every day, and quite a few of them are moving to Florida. So are young workers who are needed to provide services to the senior population. Additionally, much of that job growth would have occurred regardless because as the economy grows, so do jobs.

To determine the untainted effect of tax cuts on economic performance, you would need an equal decrease in government spending, so that the fiscal deficit remains the same. Not so with Trumps tax cuts, which were not accompanied by spending cuts. In fact, government spending increased, which coupled with tax cuts, increased the federal deficit by 45 percent over that two-year period. Quite ordinary performance once you factor in the significant deficit increase.

Feeney goes on to state that the tax policy changes would be disastrous across the board. The National Association of Manufacturers (NAM) released a study that finds the United States would see a decline of one million jobs within two years, averaging losses of 600,000 jobs each year to follow. There would be long-term declines in wage growth, investment and overall economic activity, amounting to a loss of $117 billion in GDP over the first two years.

Well, an analysis performed by an independent source would have more credibility than the National Association of Manufacturers, which has an ax to grind. Often, studies performed by trade groups have a fair amount of embellishment built into their numbers.

Surprisingly missing from his article is the number of new jobs that will be created by Bidens infrastructure and other spending proposals. Biden claims that his plan will create 19 million new jobs nationwide. I am sure that a lot of embellishment is built into this forecast, too. But you get the point. The analysis is sorely lacking if it mentions job losses without including the job gains.

My two cents worth: Taxes do impede growth, but the question is by how much? Economic growth was robust in most years between 1950 and 1980, when tax rates were sky high. It is doubtful that the proposed increase in taxes will hurt Florida, especially when you factor in the spending increases. For instance, building a high-speed rail line between Tampa and Orlando will add to GDP and employment.

Neither should the higher taxes alter the lifestyles of the business owners who Feeney says say will bear most of the burden. But it might reduce the inheritance of their progeny, which is for the best.

Let them earn their own money. Their prosperity should be determined by their contribution to the economy rather than their parents contribution. Conservatives have always maintained that you should earn your income rather than receiving handouts. If welfare payments reduce the incentive to work, so would bequeathing large sums of money to progeny.

Murad Antia teaches finance at the Muma College of Business, University of South Florida (USF), Tampa.

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In Florida, whats the deal on taxes and growth? | Column - Tampa Bay Times