“Within
the covers of the Bible are the answers for all the problems men face.”
Ronald Reagan
We open with the Maggie and Ronald “lite”
sequel. Without an “Evil Empire” around anymore, something of a western boom is
slowly getting underway.
“I have left orders to be awakened at any time during national emergency, even if I'm in a cabinet meeting.”
Ronald Reagan
Trump Touts Churchill, May Prods on NATO in White House Meeting
by Robert Hutton
Within
minutes of meeting Theresa May, Donald Trump was paying homage to a second
British prime minister also present in the Oval Office: “It’s a great honor to
have Winston Churchill back.”
Installed
in the president’s office by George W. Bush and then removed by Barack Obama,
the bronze bust of Churchill was returned by Trump to a place of prominence in
the White House: under a portrait of George Washington. In front of the
Conservative hero, May and Trump shook hands, she in Republican red to match
his signature red tie.
This
opening act was geared at building the impression the two leaders will forge a
relationship every bit as special as that enjoyed by Ronald Reagan and Margaret
Thatcher, the geopolitical power couple of the 1980’s, even as the two stood
slightly awkwardly on either side of Churchill, exchanging pleasantries. But as
they walked through a White House colonnade on their way to face the press,
Trump briefly took May’s hand to guide her.
Trump was
an attentive host and during the 18-minute news conference that followed, more
subdued than in his last interaction with the press. At one point a BBC
reporter, selected by May, asked Trump whether he understood why many Britons
found his views alarming. Trump merely turned to May and offered a joke.
“This was
your choice of a question?” he said, leaning into the microphone. “There goes
that relationship.”
May’s goal is to move Trump to engage with the world
by showering him with respect, and that she did: paying tribute to his
“stunning election victory” and announcing he would be coming on a state visit
to London later this year on a personal invitation from Queen Elizabeth II.
More
Buffett, Gates have hope for America after Trump ascension
Bill
Gates and Warren Buffett on Friday expressed optimism that the United States
will move ahead as a nation, even as it works through political differences and
gets used to the new Trump administration.
The
world's two richest people were speaking to students at Columbia University
after U.S. President Donald Trump started to unwind the work of his predecessor
Barack Obama in a series of executive orders, prompting concern from critics over
what the actions mean for Americans and their place in the world.
"I
am confident that America will move ahead," Buffett said.
Gates,
meanwhile, said the desire for innovation and support for research are
"strong" and "largely bipartisan," despite differences on
how to accomplish and fund both.
"This
administration is new enough; we don't know how its budget priorities are going
to come out," but there is much intensity to ensure that the executive
branch and Congress encourage "amazing things," Gates said.
Gates
co-founded and was the first chief executive of Microsoft Corp, while Buffett
runs the conglomerate Berkshire Hathaway Inc.
Forbes
magazine said on Friday that Gates is worth $85.2 billion and Buffett is worth
$73.9 billion.
An
estimated 1,300 people attended Friday's event to watch the close friends, who
have known each other for a quarter century.
Gates is
also a Berkshire director, while Buffett is donating much of his wealth to the
charitable foundation set up by Gates and his wife, Melinda.
Both told
students it is important to invest and focus on doing good works over the long
term, despite the impulse or perceived need for shorter-term thinking.
More
We
close on America for the Chinese New Year weekend with big changes coming to US
auto regulation. There’s new broom about
to upend a whole lot of regulations and how those regulations are formatted. The USA is about to get competitive again.
“As government expands, liberty contracts.”
Ronald Reagan
Ford CEO Told Trump U.S. Fuel-Economy Rules Risk 1 Million Jobs
by Jamie ButtersFields and his peers -- General Motors Co. chief Mary Barra and Fiat Chrysler Automobiles NV’s Sergio Marchionne -- didn’t ask to have fuel-economy standards eliminated during their meeting with the president at the White House this week, the CEO said Friday. The focus was on combining various sets of government regulations and ensuring they take into account consumer demand.
“We think having one national standard on fuel economy is really important,” Fields said at the National Automobile Dealers Association convention in New Orleans. Citing several studies he didn’t identify, Fields said the jobs “could be at risk if we’re not given some level of flexibility on that -- aligning it to market reality. So that really resonated.”
Fields’s comments are the most in-depth that any of the three U.S. auto CEOs have given about closed-door discussions with Trump at the White House on Tuesday. In responding to the president’s criticisms on Twitter and demands to maximize hiring at home, the carmakers are pushing the administration for regulatory help that could boost their profits and encourage investing in domestic factories.
Finally,
Beijing predicts up to 3 billion trips over the Chinese Lunar New Year.
Chinese New Year fireworks spark a return to hazardous Beijing pollution
Residents of China's capital awoke on Saturday to dense, choking smog after many set off a barrage of fireworks overnight to ring in the Lunar New Year, despite limits and public admonitions against such displays in the congested city.The Beijing Municipal Environmental Protection Bureau said harmful particulate matter in the air had hit the second-highest level in five years by Saturday morning, the state-owned China News Service reported.
Beijing launched a "war against pollution" in 2014 as part of a central government promise to reverse damage done by decades of breakneck growth and strengthen powers to shut down and punish polluters. Efforts to clean up the skies in the industrial heartland around Beijing are being thwarted by coal-burning industry and indoor heating, which increases during China's winter months.
Public health concerns over air pollution have grown and the government has found no source of pollution too small to ignore. They have even taken on outdoor food vendors in recent years, as well as the annual battle against China's long tradition of lighting fireworks to celebrate the Lunar New Year.
"In setting off fireworks, be conscious of 'setting off the (pollution) index'," read an editorial on Saturday in the People's Daily newspaper, the Communist Party mouthpiece.
Hundreds of millions of people criss-cross China to visit family and friends during the Lunar New Year period, with the government predicting up to 3 billion trips.
More
Lunar New Year
Lunar New Year is the first day of a secular, sacred, or other guise whose months are coordinated by the cycles of the moon. The whole year may account to a purely lunar calendar, which is not coordinated to a solar calendar (and, thus, may progress or retrogress through the solar year by comparison to it, depending on whether the lunar calendar has more or fewer than 14 months); or the year may account to a lunisolar calendar, whose months coordinate to the cycles of the moon but whose length is periodically adjusted to keep it relatively in sync with the solar year - typically by adding an intercalary month, when needed. For example, in the Tenpō calendar, a Japanese lunisolar calendar which was used until 1872, the first day of the year is, theoretically and basically, the day of second new moon after the winter solstice (the lunar month which includes the winter solstice is fixed to the eleventh month.) In the Chinese Chongzhen calendar, the first day of the year is theoretically similarly determined as the Tenpō calendar as long as there is no leap month between the winter solstice (dongzhi 冬至) and another solar term Yushui (雨水). The leap month in the Chongzhen calendar is added when there are 13 lunar months between a winter solstice and the lunar month which includes the next winter solstice, and the leap month is the first lunar month which doesn't include any of the twelve solar terms (zhongqi 中気).[1]
Got
it?
“The most terrifying words in the English language are: I'm from
the government and I'm here to help.”
Ronald Reagan
"Democrats haven't been this upset since Republicans took
their slaves away."
As
usual, we close with an update from Jason in sunny California.
The Trump Era: Observations from Week One
N. Jason Jencka
January 28th, 2017 3 am ET
Donald
Trump has been the political face of a 230 year old country for just more than
seven days and has arguably made more of an impact on the nature of political discourse
than some presidents did in entire terms.
In the grand theatrical production that is American presidential
politics, a tradition exists for candidates to make generally unfulfilled
promises and representations of what they will achieve in their first 100 days
in office. The phrase “in my first 100 days as President...” became as much a traditional electoral
talking point as “standing up for hardworking Americans”, (especially those
that self-define as middle class.) A 100 day time-frame found appeal both with
candidates and voters as being brief enough to visualize but long enough to
(theoretically) allow the technical aspects of enacting policy to be carried
out. More often than not, such pronouncements became little more than campaign
footnotes after election day
What
we have seen in the dizzying pace of policy pronouncements this past week is
clear confirmation that President Trump cares little for this quaint tradition.
Whether through directing symbolic but material initial funds for a wall on the
Mexican border in his 5th day in office or summarily suspending immigration from a
handful of countries on day 7, while steadfastly litigating the size of the
crowd at his inauguration, Mr. Trump has shown truly “tremendous” drive to
fulfill even controversial campaign promises. Though both the content and tone
of Trumpian policy have spawned domestic protest & international
uncertainty, acknowledgment must be made of Mr. Trump's tenacity. Those with
disagreements of political engagement
to constructively direct his energies in a productive direction as the
7 days has proven that a strategy perhaps best characterized as “protest and
hope for the best” is nonproductive
Sources:
Michael D.
Shear & Maggie Haberman, New York Times January 26th, 2017:
https://www.nytimes.com/2017/01/26/us/politics/trump-inauguration-crowd-size-park-chief.html?_r=0
Julie
Hirschfeld Davis New York Times https://www.nytimes.com/2017/01/25/us/politics/refugees-immigrants-wall-trump.html
N. Jason Jencka is presently studying Finance and
Economics at Sierra Nevada College, located near the shores of Lake Tahoe on
the border of California and Nevada. His interests include the interplay
between world markets and the global political sphere, with a focus on
developments of both sides of the Atlantic in North America and Europe. In his
leisure time he enjoys connecting with those people that have an interesting
story to tell and a genuine desire to make an impact in the world.
In
the latest American wit from the Trump conservatives:
The Dow Jones Industrial Average fell 1.72 points, or 0.01 percent, to end at 22,773.67, the S&P 500 lost 2.74 points, or 0.11 percent, to 2,549.33 and the Nasdaq Composite added 4.82 points, or 0.07 percent, to 6,590.18.
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