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Friends remember action sports icon Erik Roner for his 'easy demeanor' - USA TODAY

UP NEXT03 Authorities get stated an extreme sports as well as MTV star offers died during a skydive for your opening ceremony of a golf event throughout Squaw Valley. Placer County Sheriff's Captain Dennis Walsh mentioned Erik Roner involving Tahoe City, California, died on Monday after he USA TODAY


Billionaire Carl Icahn warns of 'danger ahead' for US economy - USA TODAY

"It's like steroids," he explained involving the increase within acquisitions.

In July, Trump toldMSNBC'sMorning Joetelevision reveal that he would "love to always be able to carry my friend Carl Icahn" in as head in the U.S. Treasury. Lending standards have got since been tightened, yet Icahn said he even now fears in which historically low interest rates, which now hover near zero, are usually creating asset bubbles in other areas, such as high-yield bonds.

"I don't consider one other guys understand the major problems we face," Icahn stated of of presidential contenders. He mentioned your merger boom will be contributing to false growth by simply companies. Trump in add-on has said he would recruit Icahn to end up being able to negotiate using China.. "Iwant to see this dysfunctionobliterated and which we get stuff carried out throughout Congress," stated the actual billionaire,known with regard to pushing his agenda most importantly publicly traded companies, includingApple, Yahoo as well as Motorola.

Here's any set of some of Icahn's best economicconcerns:

*M&A bubble: Icahn stated the increase ofjunk bonds is adding to anartificialmerger boom. I hate to determine it go on the tubes andthat's what's kind of happening. Some Other economists get called pertaining to corporate taxes to be lowered a lot more permanently.

In a rare transfer even to have an investor consequently accustomed for the public spotlight your founder as well as chairman associated with $8.5 billion Icahn Enterprises features produced a new video warning of "danger ahead' for your U.S. Companies are utilizing the bucks they've got raised through junk bonds to get companies they could not in any kind of other case afford, he said. "Igrewup about the streets in Queens (N.Y.). Ireally believe it."

In an interview using USA TODAY, Icahn stated he made the video in order to highlight the particular "dysfunction" within corporate America as well as on Capitol Hill. In case they were taxed with ordinary income, that they would have in order to spend up to39.6%.

Follow USA TODAY enterprise reporter Kaja Whitehouse in Twitter @kajawhitehouse

Read or even Talk About this story:

Icahn has mentioned he he cannot be Trump's Treasury secretary because he provides "a day job." Yet he informed USA TODAY he's open tohelping Trump inside some other ways if Trump wins the actual White house in 2016."I'd become happy to assist him inside in whatever way Icould," Icahn said."I'm believed of as a good negotiator."

CNBC's Scott Wapner moderates your Alpha Debate: Activism panel with Carl Icahn, Chairman, Icahn Enterprises in the 5th annual CNBC Institutional Investor Delivering Alpha Conference about Wednesday, July 15, 2015(Photo: Heidi Gutman, CNBC)

NEW YORK Billionaire investor Carl Icahn could have got said zero for you to becoming Donald Trump's Treasury secretary, but he's not ready to give up the particular nationalstage.

*Corporate taxes tend to be as well high: Icahn sayshe desires Congress figure out a way to incentive companies to restore your $2.2 trillion inside cash these people haveoverseas.It's a concern several policymakers possess argued might be dealt withthrougha tax holiday.Such a holiday wouldforgive both just about all or possibly a portion involving $770 billion inside taxes that might preferably be owed and also advantage the slew of tech companies, which includes Apple one of Icahn's largest investments. We're losing our hegemony. "The middle-class investorhasnowhere to select their cash but to the (stock) market, or a lot more concerning, high-yield bonds, which usually are very risky," Icahn said in the video, which could be posted on his website

*Hedge fund managers don't pay adequate throughout taxes: Icahn stated he agrees together with Trump which Congress should near a new tax loophole that allows hedge fund managers and other skilled investors to reap your benefits of lower tax rates on earnings.Under your existing system, hedge fund managers find paid the part involving profits that they earnfor clients, which are taxed as richesse gains, as well as around 23.8%. economy that furthermore advocatesTrump because the greatest candidate to fix the particular nation'sproblems.

Icahnsaid he thinks Trump which he sparred along with inside 2010 over a new casinois the particular very best candidate to repair your dysfunction.

In the particular 15-minute video, Icahn callsfor taxes being lowered for corporations and also raised pertaining to hedge fund managers.He in addition reiterates his previouswarningthat interest rates hoovering near to zero are usually creating investment bubbles in real estate, art, corporate earningsand high-yield bonds.

*Interest prices are generally also low: Icahn stated he agrees withcritics who've tied themortgage meltdown regarding 2008 to the reduced interest rates that proceeded it. Inever could happen to become able to be this successful within any other nation inside the world


Ohio has yet to recover all jobs lost to the Great Recession and also the one ... -

Since these consumers have an overabundance disposable income, he said there could potentially always be an economic spin-off throughout various other areas.

The federal auto bailout assisted stem manufacturing task loss, Duke said. Troubling to him, is the actual fact that income inequality in Ohio features risen.

Employment in the state is still down 42,000, or even through 0.8 percent, since the Fantastic Recession, according to George Zeller associated with Cleveland, an economic study analyst. Typical hourly wages in manufacturing, in $24, are generally with regards to $3 greater than that they will always be in training and wellness services.

Kalich stated additional sectors escalating their talk about involving jobs included skilled and business services, which went coming from 11.5 % within 2000 for you to 13.2 % within 2015. Although wages throughout professional along with organizations tend to be just like those which function in manufacturing, your leisure and also hospitality sector has numerous low-paying jobs.

While the actual center class' reveal regarding earnings is actually higher than the U.S. Work Opportunities within schooling grew about 36 percent, via 86,000 inside 2000 to 117,400 within 2015. Additionally, the particular Inexpensive care Act, also called Obamacare, helped inside adding wellness treatment jobs, he said. in 1990, only 17 % associated with Ohioans held degrees, using the state ranking 39th. "In your U.S. These People went through comprising 18 percent in the state's employment within 2000 to 13 % through 2015, in accordance with analysis through Veronica Kalich, which chairs the economics department in Baldwin-Wallace University.. Based on not too long ago released Census data, Ohio ranks 36th nationally inside the percentage regarding residents, 25 along with older, holding a minimal of any bachelor's degree. "One associated with the greatest problems within Ohio is usually that public-sector unions improve the expense of government. Almost All figures have been in 2013 us dollars in his analysis regarding Census data.

"National task growth had been quicker compared to Ohio's occupation growth coming from 2011 in order to 2015," he said.

"In early 2000, Ohio employed more than 1 million workers inside manufacturing jobs," she said. Nationally, the particular recession ran from December 2007 to June 2009. He begins counting through March 2006, which had been the Ohio's pre-recession employment peak.

Mark Sniderman, executive inside residence within the economics department at the Weatherhead College involving Management with Case Western Reserve School disagrees.

"Wages, broadly speaking, appear to become correlated along with skill level," he said. Training along with wellness went via becoming 12 % involving Ohio's jobs in 2000 to always be able to 17 percent simply by 2015.

Sniderman mentioned training can become a long-term prospect that will isn't always politically expedient. He noted that will states using the highest levels regarding education, like Connecticut and also Maryland, additionally had higher median household incomes.

"In Ohio, we see a 4.6 percentage point decline inside the discuss involving earnings heading towards the middle class," he explained referring in order to difference throughout share between 2000 as well as 2013. typical regarding 45.8 percent, Duke still expresses concern concerning rising inequality here.

Some with the experts noted that wages get fallen or even grow to become able to be flat not merely throughout Ohio, yet nationally as work throughout when heavily unionized sectors, such as manufacturing, possess disappeared.

"This decline within the all round talk about involving manufacturing employment may be the trend that has been heading in within Ohio as well as the united States and many additional countries in the world, such as China," he said. that creates tax concerns and competitive conditions that don't create the proper environment for businesses wanting to end up being able to arrive at Ohio."

"Maybe they do not possess that much confidence when they can't observe it correct in front of these people when cash is accustomed to enhance education, but there exists a huge social benefit to be able to doing that," Sniderman said.

At the same time Ohio had been losing manufacturing jobs, the state had been gaining jobs within the training and also health services sector. by 2013, it had fallen in order to 47.2 percent.

This story details that earnings decline:Ohio's center class nevertheless struggling in order to recover, not merely via Excellent Recession, but also usually the one within 2001

"The well being care sector additionally carries a great offer of lower-paying jobs," your woman said.

"All recoveries are led by manufacturing -- not just this one, just about all associated with them," he said.

"The percentage of union membership is declining, so excellent or bad, the strain isn't there any longer pertaining to wages to be higher," Kalich said.

He stated Ohio lost 225,100 jobs, as well as 4.0 percent, coming from 2000 to 2015, that have even now not been recovered. Also, manufacturing produces many middle-class jobs, Zeller said. Ohio features not really recovered more than 340,000 jobs in manufacturing."

Sniderman stated training is actually the accurate secret in order to improving Ohio's labor market. Pertaining To example, he explained improving early childhood education would ultimately result in the better-educated labor force.

He found that inside 2000, your middle class' share associated with income generated in the state has been 49.5 percent. "As manufacturing enterprises turn out to be more and significantly more efficient, they are capable of generate more value of production using fewer people."

The post-recession occupation creation trend, inside Ohio and the nation, has seen the growth involving far better paying jobs that often call for education such as registered nurse. Or Even they have been low-paying jobs, frequently low-skilled jobs, for example house care worker. there was also a decline, but it was a new 1.9 % decline."Follow @OPinfo

Greg Lawson can be policy analyst at the Buckeye Institute pertaining to Public Policy Solutions, a conservative consider tank inside Columbus, which supports right-to-work laws. Pertaining To example, throughout 2000, median home income inside Ohio has been $58,115, but by 2013, it had dropped for you to $46,398, Duke said. "If we would like in order to obtain the wages of operating individuals to be higher, we want visitors to convey more skills. He mentioned much more manufacturing jobs would spur occupation creation inside the industries that are apart of its provide chain. Duke mentioned because the Midwest has been traditionally among the most unionized aspects of the particular country, income inequalityhadn't been significant here. He mentioned the state also as the national economy hasn't been able to look for a suitable replacement.

"They could be a bit intransigent in the huge event it will come to management relations," he said. Leisure along with hospitality elevated via 8.5 percent inside 2000 for you to 10 % by 2015. The Actual middle-income jobs-- frequently requiring only a senior high school diploma or limited training like those invoved with manufacturing, possess tended to not are already created.

Ohio has been creating work at a significantly slower pace compared in order to the nation, mentioned Brendan Duke, policy analyst at theCenter pertaining to American Progress throughout Washington, D.C., a liberal educational institute funded primarily by donations

Ohio hasn't just lost jobs, middle- as well as working- class households in the state have forfeit income. Many associated with the expansion was in wellness care, which in turn increased by 33 percent via 586,800 jobs throughout 2000 to 781,700 through 2015, Kalich said. the nation already provides recovered the actual work lost stemming coming from each recessions.

Zeller said hello will be not merely these working in manufacturing who does benefit. Since then, there continues to be able to be any little recovery inside manufacturing jobs, however in total, the actual number will be under 700,000 -- at 686,800 -- as regarding August 2015. Duke stated these sectors accounted for pretty much 19 % of the work opportunities produced since 2011.

A main characteristic associated with Ohio's job loss since 2000 may be your disappearance associated with manufacturing jobs. "By 2009, your range had plummeted through almost 40 % to always be able to its all time reduced of concerning 612,000. When we want being capable of entice employers, the particular workers have to possess higher skill levels."

CLEVELAND, Ohio Ohio has but to recuperate all the work opportunities lost not merely for the Excellent Recession, but the one in 2001.

This shift has had an influence on wages. He said although union members get higher wages when compared with their particular non-union counterparts, he believes unions ultimately result in fewer jobs becoming created.

Duke stated a range of studies have proven in which as a lot as one-third associated with declining wages among men could be do inside order to declining union membership.

"It can end up being a lot simpler to say why don't we construct this bridge or perhaps repave these streets as well as do that as well as in which simply because you might actually begin to determine the bridge, and people believe that they could comprehend the place exactly where the funds are going," he said.

For experts such as Zeller, creating a strategy regarding growing work opportunities in Ohio must give focus to escalating manufacturing jobs


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