Businessman and former Republican presidential candidate Herman Cain has died from corona virus (Covid-19) at age 74 years old. Mr. Cain was a Republican presidential candidate in the 2012 elections. He came up with the 9-9-9 Plan which was tax proposal for fixing the USA tax code. It was a paramount plan for his campaign. He was a former chairman of the Federal Reserve Bank of Kansas City.
Before his journey into politics and monetary policy, Herman can was CEO and President of Godfather Pizza (subsidiary of Burger King). After his stint at Godfather Pizza he became the CEO of the National Restaurant Association. He was also on various company board of directors as well. -SB
Mexico has imposed tariffs on American imports such as pork, apples, grapes, cheese and steel. This is in connection to the tariffs President Trump imposed on steel and aluminum, which affects NAFTA countries Mexico and Canada.
The effects will alter the relationship on NAFTA; one which President Trump has already expressed is in unfair to American workers. He has stated he either wants to renegotiate a fair agreement amongst the NAFTA countries (USA, Canada, Mexico) or independently negotiate with Canada and Mexico, as separate individual countries. Mexico and Canada have both denounced such a proposal by Trump.
This is coming at a critical time for NAFTA, as Mexico gears for presidential elections on July 1, 2018 and US congressional midterm elections are in November 2018. -SB
The financial markets and the economy will determine the outcome of the 2016 Presidential election. In previous US presidential cycles; when the economy and the global financial markets align the incumbant either is reelected or their party is reelected for another four year term. If the economy and the markets take a nose dive then the opposition which in this case is the Republican party, will come into prominent power in the executive branch.
Republicans have indicated that the economy has not bolstered under President Obama, that it has been natural progression of the economy and financial markets sorting itself out. The Democrats have indicated that President Obama and their were the masterminds of a gloomy landscape, which they indicated President Obama had the blueprint to make the landscape clear as day.
However, the outcome turns out at the end; we definitely know that economic and financial factors were involved to determine the eventual outcome. -SB