5 Things Friday
1. SMART READS
Equity Market Anxiety and Other Risks to U.S. Economic Growth
Ross DeVol, chief research officer at the Milken Institute, explores how the economic slowdown in China will affect U.S. economic growth. Read report.
2. CHART GALLERY
Is California a Political Casualty in the Hill’s Export-Import Bank Crosshairs?
Of a total $20.5 billion in 2014 export financing to states, California’s portion was the second-highest in terms of total awards and accounted for more than 10 percent of the total. It’s safe to assume that California would be among the states most affected by the closing of the Ex-Im bank, considering that in 2011 one-quarter of all manufacturing jobs in California depended on the export industry. Read blog.
Source: U.S. Ex-Im Bank
3. SPEAKING THEIR MINDS
Servants, Partners or Masters? The Future of the Human/Machine Interface
At this Milken Institute Forum, Jerry Kaplan, serial entrepreneur and technological innovator, and John Markoff, Pulitzer Prize-winning technology reporter for the New York Times, discussed artificial intelligence and the ways it might transform the world economy and the way work is done.
4. QUOTE OF NOTE
China Highs and Lows: No Example for the Philippines
Curtis S. Chin, Asia fellow at the Milken Institute, explains in Rappler why the Philippines should not follow China’s lead and lower the value of its currency. Read commentary.
5. VIEWS YOU CAN USE
Congress Should Act to Preserve Financial Innovation
What Congress can do to help financial innovation and inclusion is a frequent subject of discussion on the Hill, but there is rarely a simple answer. Unfortunately, the U.S. Court of Appeals for the Second Circuit has provided Congress with one: undo a recent ruling from the court that threatens credit access and innovation for consumers nationwide. Read commentary.