The Arts

Arts and cultural activity accounted for over $804 billion in US gross domestic product (GDP) in 2016 according to data recently released by the Bureau of Economic Analysis (BEA) in the US Department of Commerce. That’s about 4.3% of total GDP, and growth continues. The BEA definition includes “creative artistic activity, the goods and services produced by it, the goods and services produced in the […]

Beyond Talking

Trade talks between the US and China have started up again, the first major movement towards reconciliation since the December decision to delay further tariff increases until March. As I am writing, representatives from both nations were reportedly narrowing some, but not all, of the differences. While negotiations are moving forward and hopefully something can be achieved before the artificial deadline, it is likely that […]

The Long-Term Forecast for the United States Economy

The US economy is well positioned for long-term growth. Future prosperity will depend on the ability of individuals, businesses, and communities to adapt to change, which is likely to occur at an accelerating pace. Let’s take a brief look at our expectations for long-term US economic performance and some of the driving factors. Technology is dramatically shifting the way business is conducted, and the more […]

Amazon

After about 14 months of analysis, Amazon made a decision on its second corporate headquarters (HQ2), and it isn’t Texas. Many lists of likely locations put Texas at or near the top, but at the end of the day, Amazon chose Crystal City in Northern Virginia and Long Island, New York for HQ2, with each area gaining about 25,000 jobs. Another, smaller location in Nashville […]

Trade Across the Pond

Amid the growing concerns and very real costs that are accumulating regarding a trade war, there was recently a glimmer of hope. President Trump announced that the United States and the European Union (EU) would begin negotiations immediately, working toward zero tariffs and improved cooperation. A strong trade agreement is in the interest of both sides, and a little success might help set the stage […]