Tuesday 1 August 2017
JOHN BATCHELOR SHOW
Co-host: Larry Kudlow, The Kudlow Report, CNBC; and Cumulus Media radio
Tuesday 25 July 2017 / Hour 1, Block A:. Brett Arends, Dow Jones MarketWatch, in re: global markets . LK: Market is doing well; economy is [stalled] at 2%. BA: London properties in a downturn, esp at the high end. Looks as though prices will continue to drop. In the last forty years, London real estate has gone up 500-fold. In this envt, it’s more compelling to rent: can rent for net 3% of purchase price. Five years ago there began a bldg. rush; then in 2015, Brexit vote. Has scared off the intl buyer. Hitherto, massive influx of intl buyers, many of whom just bought homes and have left them empty as a method of storing wealth. Which is wiser: buy high-end property in Mayfair, rent in Mayfair, or rent at the Ritz? I’d rent. Can get a really good deal renting; a very good time to buy may be coming up within eighteen months. Article: the EU is acting like a bully, Will that renovate the London property mkt? Answer: Lots of infighting within the Cabinet among people who want different outcome. PM Theresa May has moved to stop unltd European immigration also, concerning Ireland: Britain my become a member of a European customs union without being part of the single market. Philip Hammond, Chancellor of the Exchequer, wants a single mkt; others do not — soft Brexit vs hard Brexit. William Hague: In danger of becoming disastrous muddle.
Tuesday 25 July 2017 / Hour 1, Block B: Brett Arends, Dow Jones MarketWatch, in re: “You don’t now left till you see what the British are capable of.” Tower fire, death and homeless residents. Jeremy Corbin, Labour leader, spoke of requisitioning unused property in London – e.g., mansions bought for investment. Inside the EU he couldn’t do that; outside the EU, a far-left govt might come in. Look for 100-plus per cent taxes. Now that Britain have all this freedom, what will they do? . . Why can't Boris Johnson just win the prime ministership and work with Trump? If Britain got rid of the corporate income tax, [that’d solve a lot].
Tuesday 25 July 2017 / Hour 1, Block C: Eric Hanushek, Paul & Jean Hanna Senior Fellow, Hoover Institution; in re: education. Betsy DeVos represents a risk-taker in education in that she supports charter schools — which are unobjectionable except Randy Weingarten, who accuses parents of children in charter schools of being racist. What? [Half the children are Black or Latino?] Over the last fifty years, some closing of achievement gap between Black and white children; at this rate. it’ll close within 200 years White parents often have a lot of choice, whereas Black families often have had no choice other than (recently) charter schools. Weingarten calls DeVos racist; what's her motive? After all, charter schools function on public funds. Now 5.5% of children I the US go to charter schools, which reduces number of members in her union – id est, her financial base is being depleted by those headstrong Blacks who choose charter schools. . . . The real story is trying to increase the achievement levels of our children; were about No 30 in math score internationally; the US is not competitive. Critical to US economic growth.
How about parental choice in charter schools? Unions want to cut parents out entirely, except for bake sales; charter schools mobilize parents, which is one of their secrets. When Randy Weingarten called Betsey DeVos racist, does that hamper DeVos’s ability as Secretary of Education? I have trouble believing that many people take Weingarten seriously. Btw, Weingarten always takes a far-let position, on any matter. Recall Fredericks vs Cali Teachers’ Assn in front of the Supreme Court; was abt to be decided in favor of teachers unions’s not being allow to take automatic cuts of teachers’s pay.
Tuesday 25 July 2017 / Hour 1, Block D: Larry Kudlow, in re: Small-business tax reform! Need to grow the US economy at 3 or 4%. Three moderate Democratic Senators refuse to sign a letter on tax reform, as it looks anti-business. JFK Democrats – even Bill Clinton Dems; might be that at some point these three might even vote with GOP. Simplify tax system, lower rates, broaden coverage, increase growth. Couple that with repatriation and expensing; maybe double the standard deduction for individuals. I don’t care about revenue-neutral.
Are the mkts impervious to . . .
Tuesday 25 July 2017 / Hour 2, Block A: Boris Zilberman, ; in re: Russians kick American dips out of Moscow: 1,275 all told.
Tuesday 25 July 2017 / Hour 2, Block B: Josh Rogin, Washington Post; in re: State Department issues.
Tuesday 25 July 2017 / Hour 2, Block C: Behnam Ben Taleblu, FDD; in re: Iranian missiles
Tuesday 25 July 2017 / Hour 2, Block D: Marcus Weisberger, Defense One; in re: US Air Force.
Tuesday 25 July 2017 / Hour 3, Block A: Lou Ann Hammond, Driving the Nation.com; in re: Tesla, Ford, et al.
Tuesday 25 July 2017 / Hour 3, Block B: Lou Ann Hammond, Driving the Nation.com; in re: New developments in automobile manufacture.
Tuesday 25 July 2017 / Hour 3, Block C: Gregory Copley, Defense and Foreign Affairs, in re: Australia; US influence in the Pacific; Australians’s viewpoints on the US in the South China Sea and region.
Tuesday 25 July 2017 / Hour 3, Block D: Gregory Copley, Defense and Foreign Affairs, in re: Australia’s shifting position in global alliances. The Five Eyes (UK, US, Canada, Australian New Zealand). Japan, and other neighbors. Chinese agents are constantly driving a wedge between Australia and the US. Bribery of Australian pols, regional disinformation.
Tuesday 25 July 2017 / Hour 4, Block A: Tim McGrath, Give Me a Fast Ship: The Continental Navy and America's Revolution at Sea
Tuesday 25 July 2017 / Hour 4, Block B: Tim McGrath, Give Me a Fast Ship: The Continental Navy and America's Revolution at Sea
Tuesday 25 July 2017 / Hour 4, Block C: Robert Zimmerman, http://behindtheblack.com and author, Capitalism in Space, in re:
Tuesday 25 July 2017 / Hour 4, Block D: Robert Zimmerman, http://behindtheblack.com and author, Capitalism in Space, in re: intl space stations, incl India; Russian satellites