The following highlights CEPR’s latest research, publications, events, and much more.

CEPR on Trade and Other Issues: The 2016 Election Edition

The Republican and Democratic Conventions just concluded and CEPR experts were watching. CEPR Co-Director Dean Baker discussed Donald Trump and trade on NPR’s Morning Edition and he wrote an op-ed on Trump’s trade viewshere, while Co-Director Mark Weisbrot weighed in with this piece for The Hill. Mark also penned an op-ed titled “This is a Test: What Kind Of Democracy Do We Have in the United States?” about Hillary Clinton’s strategic blocking of votes on the proposed progressive DNC platform, which would have included opposition to the TPP. Mark also discussed the candidates’ positions on trade and the TPP on The Big Picture with Thom Hartman, here and here. (Mark is now a weekly guest on the show, broadcast on RT).

Mark and Dean addressed trade issues in their respective blogs. Mark wrote a post titled: “Democratic Delegates Should Help Save Obama’s Legacy by Blocking the TPP,” as well as this one critiquing David Brooks for his “World In Transition blog, while in this “Beat the Press” post, Dean reminds the Washington Post that recent US trade deals are “not about free trade.” Dean also corrected the New York Times, here.

While efforts to get the Democratic Party platform to take an official stance against the TPP were defeated, the platform includes language calling for “streamlined and effective enforcement mechanisms” that “protect workers and the environment,” including in the TPP. Prior to Scott Walker’s speech addressing the RNC, CEPR Domestic Intern Michael Ratliff examined the track record of Wisconsin and Minnesota since 2010. He found that after liberal governor Mark Dayton took office in Minnesota and conservative Scott Walker took office in Wisconsin, Minnesota has a better record than Wisconsin on employment growth, poverty levels, and unionization. And despite Trump’s commitment to protecting Social Security, the Republican platform contains language calling for cuts, which Dean discussed here.

And last but not least, CEPR joins the Center for Popular Democracy and others in the FedUp campaign in celebrating the Democratic Party’s platform’s call to reform the Federal Reserve. The platform includes language about reforming the Fed to make it more representative of America as a whole and for the first time since 1988 commits to promoting full employment policies.

CEPR on Brazil

As part of the ongoing corruption scandals and the political posturing of the interim government in Brazil, a bombshell emerged about intentionally misreporting polling data to further malign elected President Dilma Rousseff and mislead the public and international community about Michel Temer’s popularity. CEPR issued this press release caling on media outlets that had uncritically reported the Datafolha poll to correct the record. The Intercept, and Brazilian media outlet Viomundo, responded to the false data story and reported corrected numbers.

Mark wrote about the unwarranted impeachment of President Rousseff in Brazil’s largest circulation newspaper, Folha de São Paulo, and in The Hill. Mark also penned this post on his "World in Transition" blog on a federal prosecutor’s decision that Rousseff had not committed an impeachable offense. Mark alsonoted on his blog that the impeachment efforts may fail in the Senate. 

This Los Angeles Times article outlines a letter sent by 40 Democratic members of the US House of Representatives to US Secretary of State John F. Kerry,criticizing the impeachment process.

As part of the ongoing corruption scandals and the political posturing of the interim government in Brazil, a bombshell emerged about intentionally misreporting polling data to further malign elected President Dilma Rousseff and mislead the public and international community about Michel Temer’s popularity. CEPR issued this press release caling on media outlets that had uncritically reported the Datafolha poll to correct the record. The Intercept, and Brazilian media outlet Viomundo, responded to the false data story and reported corrected numbers.

Mark wrote about the unwarranted impeachment of President Rousseff in Brazil’s largest circulation newspaper, Folha de São Paulo, and in The Hill. Mark also penned this post on his "World in Transition" blog on a federal prosecutor’s decision that Rousseff had not committed an impeachable offense. Mark alsonoted on his blog that the impeachment efforts may fail in the Senate.

This Los Angeles Times article outlines a letter sent by 40 Democratic members of the US House of Representatives to US Secretary of State John F. Kerry,criticizing the impeachment process.

CEPR on the Financial Transactions Tax

Rep. Peter DeFazio (D-OR) introduced legislation proposing a financial transactions tax that would levy a 0.03 percent tax on transactions of stocks, bonds, and derivatives. Dean wrote a report published by The Century Foundation on the impact that an FTT would have on the size of the financial sector.  Dean was cited in the report’s findings in this article in The Hill. He also wrote an op-ed in support of the plan here in the LA Times. Alan Baber, CEPR’s Director of Domestic Policy wrote this post for the CEPR Blog on financial transactions taxes and inefficiencies in the financial sector. This post includes an awesome interactive graph, click here to check it out!  

CEPR on Venezuela

Mark was invited to submit an entry to the New York Times’ Room for Debatesection, in which he called for a policy of US non-intervention. The piece was picked up in Spanish and reposted by various media outlets throughout the month of July.

Mark was cited in a Real News Network interview about currency controls as a solution in Venezuela, and also cited in South Africa’s Mail and Guardian regarding UNASUR recommendations to move to a floating currency as a way to curb inflation and depreciation.

CEPR on Private Equity

Building on research released by CEPR last month, CEPR Senior Economist Eileen Appelbaum wrote an op-ed for the Boston Globe on how the private equity owners of Polartec are trying to close the mill in Lawrence, MA. The New York Times also reported on Eileen’s research here and here.

CEPR on Brexit

CEPR continued to weigh in on the implications of the decision by British voters to leave the European Union. Mark was quoted in this article in the New York Times about the consequences of British politicians losing touch with their constituents. The article described the Fed as the “global central bank,” due to how much effect changes in the value of the dollar and US interest rates have on other economies.

Meanwhile Dean wrote op-eds on how the fallout from Brexit will rein in the size of the financial industry in the UK, here, and the role austerity in the EU has played in the UK’s decision to leave here. Dean was also interviewed on the impact the decision will have on US Treasury bonds here.

CEPR on Haiti

CEPR’s “Haiti: Relief and Reconstruction Watch” blog exposed details of the US government’s decision to pull funding for Haiti’s elections, leading to increased scrutiny of the State Department’s move.

CEPR Research Associate Jake Johnston wrote an article for the new issue of the NACLA Report on the Americas, titled “Haiti vs. the “International Community," which discusses how movements have emerged in Haiti to ensure that the investor-friendly slogan “open for business” does not limit struggles for democracy.

CEPR on Inflation

CEPR Research Assistant Nick Buffie revived Inflation Bytes this month, examining the Consumer Price Index (CPI). He found that inflation is still significantly below the Fed’s target of 2.3 percent and is trending downward. This makes the case that the Fed should continue to keep interest rates low.

CEPR on the OAS

Mark wrote an op-ed for the Huffington Post, “OAS Needs New Leadership,” in which he suggests that Luis Almagro needs to be replaced as the head of the OAS due to his abuse of power during his short time as head of the international governing body. The piece was picked up in multiple Spanish-language outlets, including here and here.

The op-ed was also published in AlterNet with the title “We Don't Need the US Pushing Regime Change Across Latin America -- We Need It to Fix the OAS."

CEPR Adds Four New Board Members

We are happy to announce the following additions to CEPR’s Board of Directors:

Teresa Ghilarducci, Labor Economist, The New School for Social Research

Gail Hurley, Policy Specialist, UNDP Bureau for Development Policy

Mark Levinson, Chief Economist, SEIU

Isabel Ortiz, Director, Global Social Justice Program at the Initiative for Policy Dialogue, Columbia University

Welcome to the CEPR Team Teresa, Gail, Mark, and Isabel!

CEPR BLOGS

The America’s Blog

International Intern, Laura Jung wrote a new entry for the America’s Blog about the efficacy and political will of the newest anti-corruption commission in Honduras tasked with cleaning up the National Police force: "Honduras’ Special Commission on Police Reform: Genuine Cleanup Effort or Yet another PR Scheme?"

Beat the Press

Here Dean calls out Thomas Friedman saying that the people he disagrees with are like Donald Trump, while here Dean debates the economic wisdom of Robert Samuelson’s parents. Dean also questions whether the housing bubble is back and here, he examines Paul Ryan’s plan to eliminate most of the federal government. Here, he asks “Can't the NYT Find Someone Who Isn't Scared by Numbers to Talk About the Deficit?” He also commented on Paul Krugman’s take on trade and jobs as well as Krugman’s’ stock market advice.

CEPR Blog

In addition to the posts mentioned above, Dean wrote this post on lower than expected GDP growth, and also noted here that employment rebounded in June. CEPR Economist David Rosnick asked: “The Incredible Story of Developing Country Income Growth: Was it Just China?”

 In Other CEPR News…

--CEPR Senior Associate for International Policy Alex Main was cited in an AlterNet article “New Report Exposes Systemic Sexual Assault by Mexican Police and Military” about the disproportionate effects of the drug war on women. Alex was also cited in an article about corruption in Honduras in “The Symbol of Berta Cáceres Continues to Expose Criminal Coup Regime and its Deadly Extractive Formula for Honduras” from the Council on Hemispheric Affairs and in Foreign Affairs.  

--CEPR Director of International Programs Deborah James traveled to Kenya for the 14th UNCTAD conference and wrote an op-ed about the proceedings for the Huffington Post.

-- Mark was on Al Jazeera’s The Stream discussing the state of the Argentinian economy after President Mauricio Macri’s took over in January of this year. He also appeared on Bloomberg to discuss the China effect on Globalization.