October 13, 2022: -President Joe Biden said he doesn’t believe there will be a recession shortly, and if there is, he expects a “slight” economic dip.
“Every six months, they say this. All six months, they look down the coming six months and say what’s going to happen,” Biden stated in an interview with Jake Tapper on CNN that was out on Tuesday, referring to recent economic projections by central U.S. banks.
“It hadn’t occurred yet. It hadn’t. I don’t agree there will be a recession. If it is, it’ll be a minor recession. That is, we’ll move down slightly.”
On Monday, JPMorgan Chase CEO Jamie Dimon warned of the likelihood of a recession in six to nine months.
In an interview, Dimon gave caution of a “very, very serious” mix of headwinds that could tip the U.S. and global economy into recession by the middle of next year.
The concerns come as the Federal Reserve raises interest rates aggressively to reduce inflation. This month, the U.S. central bank raised benchmark interest rates by three-quarters of a percentage point, which was the Fed’s third consecutive hike.
Biden didn’t entirely discount the odds of a recession but told CNN the odds were low. “It’s possible,” Biden said. “I don’t expect,” Biden added.
The president praised the U.S. has “real problems” but credited legislation passed under his administration, such as the Inflation Reduction Act, with putting the U.S in “a better position than any of the other major countries in the world economically and politically.”
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Systems thinking is an approach that focuses on understanding how different parts of a system interact and influence one another within a whole. It is a holistic framework considering interrelationships and patterns rather than static snapshots. By expanding perspectives, systems thinking clarifies complex situations and can spur innovation.
A definite ‘NO’ to the question if struggling families had child care asked by a group of committed volunteers in the San Fernando Valley in 1974, urged the volunteers to look for a way to support families struggling to find quality child care, development, and education services for their families. That year, the San Fernando Valley Child Care Consortium and the Mayor’s Child Care and Junior Task Force proposed the first child care resource center in the San Fernando Valley. Doris McLain was elected chairperson as Mayor Bradley accepted the proposal and gave the newly founded Child Care Resource Center (CCRC) space in Van Nuys City Hall Center. CCRC began 45 years to help working moms find child care.
Dr. Louis B. Lynn, President and Founder of ENVIRO Ag Science, grew up in Darlington County South Carolina before graduating from Clemson University. He has been a member of the Clemson University Board of Trustees since 1988 and takes pride in having attended almost all the 96 Graduation Ceremonies that have occurred during his board tenure. He hasalso served as Adjunct Professor of Horticulture at Clemson. Dr. Lynn also currently serves on the Board of Trustees of the NYC headquarters of the National Urban League. Dr. Lynn is a retired Corporate Bank Director of BB&T now TRUIST Financial (NYSE – TFC). Dr. Lynn formerly served as a national board member of the American Horticulture Society; a national board member of the National Association of Minority Contractors, a two-term Commissioner for the SCCommission on Higher Education; a Commissioner forthe StateWorkforce Development Board.
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