Tuesday, February 26, 2019

2-26-19 Excellent Guests for Your Show

1. Michael Stumo: President Trump Should Stay Strong on China
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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