Below is our world-renowned Demographer Neil Howe's latest weekly podcast. Neil discusses newsworthy market events that will prove the most timely, topical and consequential in the week ahead.
He talks through the news looming largest on his radar screen to keep your investing laser focused and confident. This free webcast compliments his in-depth research product Demography Unplugged.
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In this latest issue of my weekly podcast, we discuss Biden's immigration strategy. Currently, the White House is using former President Trump's executive orders (notably Title 42) to handle the nearly 6,000 daily border crossings. But what's Biden's long-term plan? It largely mirrors the 2013 Senate bill, penned by the "Gang of 8." Undocumented immigrants could become citizens if they pay taxes, take a background test, and work in the US for an additional eight years.
Turkey's Lira tumbles. Over the weekend, President Recep Erdogan fired central bank head Naci Agbal. In response, the Turkish Lira fell nearly 15% on Monday. The country has always had a problem with irregular CB management. And Erdogan, like all populist autocrats, hates CB heads unless they can keep interest rates low.
#FreedomPineapple. In late February, China tried to squeeze the Taiwan economy. They banned the importation of pineapples from the island. In response, the Taiwan government asked locals and other Asian countries to buy its fruit in a new #FreedomPineapple campaign. In a few days, pineapple orders surpassed the total number shipped to China in all of 2020. Japan was one of the biggest buyers.
More baby bust evidence. According to a new CBS analysis of annual data from 32 US states, births were down by 95,000, or about 4.4%, in 2020 compared to the year before. This is in line with our prior estimate for 2020. Of the states with data available, all of them reported a drop in births except New Hampshire.
Opioid deaths make a resurgence. Opioid overdose deaths in the U.S. have surged during the pandemic. In 2020, the death toll from all drug overdoses climbed to its highest level ever, with opioids accounting for 73% of those deaths.
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ABOUT NEIL HOWE
Neil Howe is a renowned authority on generations and social change in America. An acclaimed bestselling author and speaker, he is the nation's leading thinker on today's generations—who they are, what motivates them, and how they will shape America's future.
A historian, economist, and demographer, Howe is also a recognized authority on global aging, long-term fiscal policy, and migration. He is a senior associate to the Center for Strategic and International Studies (CSIS) in Washington, D.C., where he helps direct the CSIS Global Aging Initiative.
Howe has written over a dozen books on generations, demographic change, and fiscal policy, many of them with William Strauss. Howe and Strauss' first book, Generations is a history of America told as a sequence of generational biographies. Vice President Al Gore called it "the most stimulating book on American history that I have ever read" and sent a copy to every member of Congress. Newt Gingrich called it "an intellectual tour de force." Of their book, The Fourth Turning, The Boston Globe wrote, "If Howe and Strauss are right, they will take their place among the great American prophets."
Howe and Strauss originally coined the term "Millennial Generation" in 1991, and wrote the pioneering book on this generation, Millennials Rising. His work has been featured frequently in the media, including USA Today, CNN, the New York Times, and CBS' 60 Minutes.
Previously, with Peter G. Peterson, Howe co-authored On Borrowed Time, a pioneering call for budgetary reform and The Graying of the Great Powers with Richard Jackson.
Howe received his B.A. at U.C. Berkeley and later earned graduate degrees in economics and history from Yale University.