Commentary: While cabinet hopefuls paraded in and out of Trump Tower, the markets took a deep breath and everyone else inhaled some turkey and side dishes over Thanksgiving. Meanwhile, industry observers started waxing optimistic about the economic environment facing business in particular and real estate in general in the coming year.
NJ Bankers president John McWeeney described the outlook as “an opportunity for meaningful change for the better,” at a meeting of bank marketers this week. He described the government transition as a “high-risk administration,” that nevertheless offers an opportunity for tax reform and regulatory relief that should benefit commercial banks. The Dodd-Frank legislation will not be repealed outright, he said, adding, “There is going to be some tweaking.” McWeeney also believes changes to the Affordable Care Act will be “dramatic,” and “good for the healthcare industry.”
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
