The White House is projecting 3.5 percent annual economic growth as a way of justifying big tax cuts for corporations and the wealthy, and a huge increase in military spending. But 3.5 percent growth isn't going to happen, for 2 reasons: Labor force growth is slowing as boomers retire, and productivity gains have also slowed. Economic growth depends on a labor force that's growing and productivity that's increasing. Trumpian mathematics doesn't add up.
Supply-siders argue that Trump's corporate tax cut and cuts in regulation will spur corporate investment, which will in turn generate more growth. That's rubbish. Corporations already have more cash than they can possibly use, which is why they're buying back their stock and going on a spree of acquisitions and mergers. If their profits rise even more because of a tax cut and fewer regulations, they'll just use it for more stock buybacks and more acquisitions.
What do you think?
Yahoo Plays the Google Card
Rob Hof says a search-advertising deal between the two giants is an attempt to extract more money from MicrosoftImaging running the world’s largest credit card network, and not having your own plastic.
on ( in) the cards
phrase of card
- 1.BRITISHinformalpossible or likely.
"our marriage has been on the cards from day one"
tenace: ten·ace (tĕn'ās', tĕ-nās', tĕn'ĭs)
n. Games.
A combination of two high cards of the same suit separated by two degrees, such as the king and jack of hearts, especially in a bridge or whist hand.
[French, from Spanish tenaza, tongs, tenace, from tenaces, pl. of tenaz, tenacious, from Latin tenāx, tenāc-. See tenacious.]
credit cards or debit cards, rather than money in the form of notes, coins or cheques:
I'd prefer a restaurant where they take plastic.
extract Show phonetics
verb [T]
1 to remove or take out something:
They used to extract iron ore from this site.
The oil which is extracted from olives is used for cooking.
The tooth was eventually extracted.
2 to make someone give you something when they do not want to:
After much persuasion they managed to extract the information from him.
extract Show phonetics
noun
1 [C or U] a substance taken from a plant, flower, etc. and used especially in food or medicine:
malt/yeast extract
The cream contained extracts of/from several plants.
2 [C] a particular part of a book, poem, etc. that is chosen so that it can be used in a discussion, article, etc:
They published an extract from his autobiography.
extraction Show phonetics
noun
1 [U] the process of removing something, especially by force:
The extraction of minerals has damaged the countryside.
2 [C] SPECIALIZED the removal of a tooth:
She had two extractions.
3 be of French/German/Chinese, etc. extraction to be from a family that originally came from another country
play the race card
1 UK DISAPPROVING to try to win an election by saying unfair things about people from another race
2 US DISAPPROVING to mention someone's race in order to influence the way people think about themplay your cards right
to behave in the right way so that you get an advantage or succeed in something:
If you play your cards right, you could make quite a lot of money out of this.
play one's best card 奥の手を出す. play one's cards well [right] うまく立ち回る. play one's last card （なるべく使いたくない）奥の手を出す.
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