2. James Hirsen: Trouble Follows Oscars
3. Karen Kataline: Hollywood is Oblivious
4. Lowell Ponte: Democrats Propose Trillions in Reparations for Blacks
5. Jeff Ferry: Job Creation from a Competitive Dollar Up to 6.7 Million
President
Trump Should Stay Strong on China
By Michael Stumo
We urge President Trump to continue his strategy of strength and
leverage in the U.S. trade and geopolitical relationship with China. We know
from the mistakes of past presidents that previous promises by Beijing were not
kept. The President’s tariffs are working to rebuild the U.S. economy, achieve
leverage, and dampen China’s ability to erode America’s economic, military, and
geopolitical strength. Fundamental change is needed. China must stop the dozens
of acts and practices it uses to steal and otherwise wrongly acquire critical
technology from our government and private companies. Our bilateral trade
relationship must be rebalanced across a broad array of industries beyond
commodities and semiconductors. China must quickly and convincingly shift from excessive
reliance on the U.S. consumer market for its growth to greater reliance on
domestic consumption. Enforcement mechanisms must be clear, strong, and quick.
China must agree not to retaliate if enforcement of any agreement occurs. [more...]
Trouble Follows Oscars
By James Hirsen
This year’s Oscars should have been a win for Hollywood, but
trouble still follows Hollywood’s once prestigious annual event. According to
preliminary figures, ratings for the 91st Academy Awards were up slightly.
Unfortunately, it is not enough to assuage anxiety over the awards show’s
downward trend. The second host-less Academy Awards ended up having the
second-smallest audience in Oscar history. Audience size for this year was 28
million, according to the calculations of The
Hollywood Reporter. This figure is up about 6 percent over the disastrous
Kimmel-hosted show’s preliminary ratings of the previous year. Viewer-ship size
was based on a 20.1 rating/33 share in metered-market households. [more...]
Hollywood
is Oblivious
By Karen Kataline
There’s a reason they call it “La La Land.” There, in the
world of dreamland, there is a “community” of actors and show biz types who
live in a world of fantasy - and it’s not just when the cameras are rolling. But
why? Could it be for the same reasons that so many are addicted to drugs, have
failed marriages and commit suicide? Eventually, they can’t handle the
cognitive dissonance of living a life of rage and anger while they enjoy a
level of wealth, fame and privilege few of us could ever imagine. We’re
not jealous of them, but some seem to be jealous of us for being “normal.” In
some cases, that jealousy turns into contempt, as we are reminders of their own
hypocrisy. I
guess that’s why they believe they must continuously lecture us about the
immorality of walls and the forced redistribution of our meager assets as
compared to themselves, while they extol the virtues of “income inequality.” [more...]
Democrats
Propose Trillions in Reparations for Blacks
By Lowell Ponte
President Obama refused to endorse the controversial idea of
giving African-Americans trillions of dollars to atone for the evils of
slavery. So did Hillary Clinton, Bernie Sanders and most of today’s dozens of
Democratic presidential aspirants. But days ago, three Democratic candidates – Sen.
Elizabeth Warren from Massachusetts, Sen. Kamala Harris from California and
former Obama cabinet member Julian Castro of Texas – embraced giving blacks a
stratospheric fortune in reparations. Others soon may follow. For Warren and
Harris, this latest “ginormous” giveaway was their way to blast past rivals in
the Democrats’ mad race to win the radical left’s checkered black-and-red flag
of victory. For Castro, it was his chance as an almost-unknown Latino to buy
the attention and votes of African-Americans. [more...]
Job
Creation from a Competitive Dollar Up to 6.7 Million
By Jeff Ferry
We used a standard econometric model to, for the first time,
quantify the amount of dollar adjustment needed to end the U.S. trade deficit
over a reasonable period of time as well as the job creation and economic
growth results. The paper explains the capital flow dynamics that cause the
dollar to be persistently overvalued and how it contributes to global
imbalances that are a risk to international growth. The authors then present
how different magnitudes of dollar adjustment impact exports and imports before
determining an optimal adjustment to balance trade in six years. The impact on
the domestic economy is significant job creation, up to 6.7 million additional
jobs over baseline expectations from 2020 to 2024. [more...]
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