Creating the Future Dream Team for our Economy

Certainly, the elections are taking up head space for just about everyone. Reuters has gotten into the act, offering a fascinating list of experts who they believe just might be able to help the American economy. What they’ve done here is place these potential candidates for key economic positions on their site under Hilary Clinton and Donald Trump. Each of these candidates has been rated along six lines based on their prior experience and achievements.

Readers are able to hover over each of the candidates, who include such esteemed names as David Cote, Mark Cuban, Brian Deese, James Donovan, Richard Davis and Bob Corker (just to name a few).  Readers can then drag and drop their favorite candidates from each side into various roles and points will be tallied with final scores showing what the people feel would work the best for America’s future.

Possible roles for consideration include the Treasure Secretary, National Economic Council Director, Federal Reserve Chair, Secretary of Commerce, Chair of the Council of Economic Advisers and more.

This analysis can serve important for a few reasons. It offers a glimpse into what people think about their candidates and the economic issues facing America today. It also requires readers (and future voters) to think about their presidential candidates and the cabinets they will put together and to get to know the many economic minds out there including Lael Brainard, Sherrod Brown, Ursula Burns, James Donovan, John Chambers, Elaine Chao and so many others.

End of an Era: Video-Cassette Recorders Join Dinosaurs

VCR by Nordmende, Type Spectra V100. Photo by Akinom
VCR by Nordmende, Type Spectra V100. Photo by Akinom

Video-Cassette Recorders, (VCRs) which have been losing in popularity steadily ever since compact disks and DVDs entered the market, will finally no longer be manufactured anywhere in the world. The very last maker of VCRs, Japanese electronics producer Funai Electric Company, has announced it will no longer manufacture this outmoded way to enjoy movies at home.

The company spokesman, who remains unnamed due to company policy, said that production will end sometime in July, but an exact date was not given. He said that key component makers are pulling out because of the declining demand for the product.
He added that the company would have chosen to continue production according to consumer demand, even if it is light, but it is impossible under the circumstances.

There are many individuals, families and libraries all over the world with content stored in the VHS format. Since these tapes can be converted to DVDs using VHS-DVD recorder players made by other companies, there is no need for alarm.

In 2015 Funai produced three-quarters of a million VCR units capable of playing back or recording cassette tapes. Just 15 years before that number was 15 million, 70 percent of the US market.

Meet Isaac Dabah, CEO of Delta Galil

Isaac Dabah, CEO of Delta Galil, was first introduced into the world of business when he joined in his father’s importing company when Dabah was in his twenties.

In 1993 he invested $5 million in the Gloria Vanderbilt jeans brand. After seven years he was able to rebuild the brand, selling it in 2002 for $150 million. Three years later Isaac Dabah bought a 23 percent stake in Delta Galil, also an apparel company, specializing in undergarments. In 2005 he became a director, and after acquiring more of the company, became its CEO in 2008.

The Delta Galil Company has become a global presence in the intimate apparel sector under the guidance and leadership of Dabah. Innovation is the driving force at Delta Galil. The company has trademarked their “Body Before Fabric” philosophy, which considers as of prime importance the way fabric interacts with the body surface to create ultimate comfort and fit.

Today the company has an international presence in over 40 countries, with the US and European markets representing 59 and 28 percent of their business, respectively. Delta’s products populate such well-known brands as Victoria’s Secret, Calvin Klein and Lacoste.
In addition, Delta has also collaborated with Nike, operating a cutting-edge technical center in Beaverton, Oregon, on their behalf

Quiet Tourist Town Bringing Gun Factory to Boost Economy

Harley Park - Boonville, MO. Photo by: robertstinnett
Harley Park – Boonville, MO. Photo by: robertstinnett

Boonville is a quiet Missouri River community in Missouri filled with Civil War history and the expected delights of a small town. Yet the residents are willing to risk the loss of that special atmosphere, along with the possible loss of some tourist dollars, in order to bring to town a gun-manufacturing plant. The city is trying to turn around the ten-year-old decline in manufacturing jobs in the area.

The town is just off of route 70 in the center of the state and his highly Republican in flavor, which does not flinch at the idea of the production of AK-15 semi-automatic rifles within its borders. Residents who insist that the factory will hurt tourism are a loud, but only barely influential minority. The city is seriously considering bestowing on CMMG a $200,000 forgivable loan to move about 50 jobs from Fayette, about 15 miles northeast.
Director of Boonville Economic Development, Jim Gann said that the town is continuing to support the move of CMMG into town.

“Manufacturing jobs in a rural community are difficult to come by,” Gann said.

As US Violence Escalates Countries Warn Citizens to Take Care

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Homeland Security Advisory System scale.

In what is either a sign of the dangerous level of violence now plaguing the US or an overseas overreaction to that violence, three countries have issued travel advisories to their citizens planning on traveling to the United States.

The embassy of the tiny Middle Eastern island nation of Bahrain in the US issued a warning to its citizens visiting the US to “be cautious of protests or crowded areas occurring around the US.”

The Caribbean nation of Bahamas, where the majority of citizens identify as having a black African heritage, advised its people to be cautious when visit US cities which have had “shootings of young black males by police officers.”

“In particular young males are asked to exercise extreme caution in affected cities in their interactions with the police. Do not be confrontational and cooperate,” Bahamas foreign ministry said in a travel advisory.

Students and other citizens of the United Arab Emirates visiting the US have also been warned to practice caution during their travels. The warnings are evocative of the comparable warnings issued by the US State Department to citizens traveling to countries where extremists have perpetrated violent acts against their own citizens as well as visitors.

“Please be aware of immediate surroundings and avoid crowded places when possible,” the UAE embassy said, urging people to stay away from any U.S. demonstrations. “Exercise particular caution during large festivals or events, be alert and stay safe.”