WXXI AM News

economics

President Trump promised tariffs when he was a candidate. Now that he's delivering, some business leaders are expressing shock and concern.

But why is this president being treated differently than previous presidents who also deployed tariffs? And what, exactly, would a trade war look like? Our guests discuss it.

  • Kent Gardner, chief economist with the Center for Governmental Research
  • Rob Shum, professor in the Department of Political Science at the College at Brockport
  • Amit Batabyal, professor of economics at RIT

When you see a label that says, "Made in America," it may not mean what you think it does. A recent piece in the conservative publication, the National Review, argued that "buying American" has little meaning in today's global supply chain and we should scrap the phrase, or stop giving it such romantic idealism. Writer Kevin Williamson says if everything you bought were truly local, our economy would be similar to that of North Korea or Venezuela. 

Is that statement accurate? We discuss what "Made in America" really means with our guests:

What has the narrative been about wage growth and the wage gap in this country? The narrative has reflected the reality, which is that for decades now, we've seen wage stagnation and money concentrated much more toward the top, with a big gap in the so-called middle. Yet, the numbers are starting to change.

Investigative journalist David Cay Johnston says we've been living with an outdated narrative and wage growth is happening. He's asking us to look at new data that indicates wage growth is starting to move in a direction more positive for the country. So what is the evidence and how does it impact you? We discuss it. 

Glass Steagall has become a hot button election issue. What is it? We explore the history of the legislation that changed banking rules. How does it impact us? What are the campaigns saying? Our guests:

  • Amit Batabyal, professor of economics at RIT
  • Joe Boyd, vice president and financial advisor for Brighton Securities

What does the success of the Trump campaign teach us about how the American working class views free trade and supply-side economics?

Well, former GOP Congressman and MSNBC host Joe Scarborough says working class conservatives have given up on "trickle-down economics" because "nothing ever trickles down." Is this the end of supply-side? Should it be? And what should we know about trade and the impact on workers? Our guests:

Did The Big Short succeed in its mission? The Oscar-nominated film was designed to help Americans -- especially Americans with no background in economics or finance -- understand what caused the 2008 financial meltdown.

Our panel includes several people who saw the film. They articulate what they've learned, and our economics professor determines if the film has accomplished its goals. Our guests:

  • Amit Batabyal, professor of economics at RIT
  • Bryan Ball, Woody Battaglia, and Tom Proietti, sharing what they've learned from the film

From the stock market, to new products, to corporate rivalries, to jobs, this year in money saw record highs and lows.

We spend the hour discussing the ups and downs, the winners and losers, and how all of this will impact consumers in 2016. Our guests:

Our panel looks at the market and what’s driving it: oil prices, employment, and more. We’ll also take a close look at the collapse of the Russian ruble with a University of Rochester professor who has just returned from Russia. Our guests are:

  • Randy Stone, professor of political science and director of the Skalny Center for Polish and Central European Studies at the University of Rochester
  • Amit Batabyal, professor of economics at RIT
  • Jim Englert, High Falls Advisors