The Billionaires Tax Proposal

In theory, by the time you read this, we should have passed our infrastructure bill, which has been held hostage now for months by the four parties in Congress who are fighting each other to advance their respective agendas. Four parties? And you thought there were two? Try the Progressive Democrats, the Moderate Democrats, the Populist Republicans, and the Conservative…

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The Direction Of Interest Rates: I Stand Corrected

Last month, I wrote about how the Fed may start tapering the stimulus it has injected into the economy, drastically increasing liquidity against the eruption of the pandemic and the sudden recession it thrust upon the global economy, and the U.S. in particular. While the general tapering of the Fed stimulus won’t have any real impact on our daily business…

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The Economic Fun Is Here – Will Delta Derail It?

Various reports from our industry press mark a jump in ready mixed concrete production in April, which is just a thumbnail indicator of the health of the overall economy. Production was estimated at 35.6 million cubic yards, an astonishing 20 percent higher than in April 2020. Moreover, the estimated production nationally through April is 114.3 million cubic yards, approximately 6.8…

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An Overview Of The Labor Shortage

by Pierre G. Villere As we were going to press this month, all eyes in the human resources world were on the continuing labor shortages; a news story that went viral reported that a Burger King restaurant in Latrobe, Pa. had hung out a banner offering a $1,500 signing bonus, which was later clarified when management explained it was for…

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A Swinging Pendulum: The Tax Reform Initiative That Lies Ahead

by Pierre G. Villere Those of us who are older and have had multi-decade careers have seen this play out before in Washington, D.C.: The opposing party wins the White House, and a majority in both houses of Congress. While the 50-50 split in the Senate is not technically a majority, the vice president holds the power to break a…

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Expect the economy to reach pre-pandemic levels this year

by Pierre G. Villere A couple of months ago, I wrote about my most recent crystal ball prognostications, and expected the decade of the 2020s to resemble the 1920s, a period of unprecedented growth and prosperity coming out of World War I and the Spanish Flu pandemic of 1918-19. I dubbed this economic expectation for the 2020s the “Roaring Twenties…

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