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In this episode, we sit down again with Victor Davis Hanson, a classicist, military historian, senior fellow at the Hoover Institution, and author of two dozen books, including most recently “The End of Everything.”In this interview, we dive into the multifaceted dimensions of what he describes as Trump's “counterrevolution” in the foreign policy space, from Canada to China to the Middle East to Ukraine and Russia.What might the end of the wars in Ukraine and Gaza look like?Should Trump have accepted a plane from Qatar's royal family? Was it a good idea to lift U.S. sanctions on Syria's new leader? Is there any truth to rumors of friction between Trump and Israeli Prime Minister Benjamin Netanyahu?Is it possible that Trump actually, in some sense, wanted Mark Carney to win and become Prime Minister of Canada?And how can the United States ensure the Chinese leadership upholds their commitments in a trade agreement, given their track record of not following through?Views expressed in this video are opinions of the host and the guest, and do not necessarily reflect the views of The Epoch Times.

The National Security Hour with Col. Mike and Dr. Mike – On the issue of China, Mr. Skousen underlined the utter idiocy of the United States ever dealing with China as if it were simply another, very large foreign country. All the decades of economic and political support that the United States has given China support since Henry Kissinger surrendered to Beijing at the Vietnam war negotiations in Paris has...

The dreaded downgrade. Biden's health in the spotlight. The big and beautiful Tax bill making its way through the sausage factory PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter  Warm-Up - The dreaded downgrade - Biden's health in the spotlight - Tax bill making its way through the sausage factory - China continues to stimulate Markets - Yields - moving up after worrying signs for US debt levels - Stocks posting big gains for May - Bitcoin surges past $100k - Our debt load is untenable - great chart to consider The Big Beautiful Bill - The bill eliminates taxes on tips and overtime. - The bill achieves "no tax on social security" by increasing deductions for seniors on the program. - The bill eliminates several green energy spending programs and ends the EV tax credit early. - The bill makes auto loan interest tax deductible. - The bill raises the debt ceiling by $4 trillion. - The bill raises the State and Local Tax Deduction to $30,000 for people making $400K or less. - The bill makes changes to the IRS free tax filing program, pending review by a task force. - The bill includes tax on college endowments and private foundations. - The bill includes reforms for how pharmacy benefit managers do business with the government. - The bill creates a new savings account for children, and $1000 of funding will be provided. - The bill raises the child tax credit to $2500 from $2000. USD DEBT Moody's - U.S. Treasury yields spiked on Monday after Moody's downgraded the U.S.' credit rating, citing fiscal concerns. - That brings it down one notch from Aaa — the highest score — to Aa1 - The first time since the  initial rating back in 1919 that Moody's made a change - Interesting timing - in the middle of a big spending package process - --- maybe they are sending a message -"This is a major symbolic move as Moody's were the last of the major rating agencies to have the US at the top rating," Deutsche Bank analysts said in a note. Market reaction - Futures fell in late trade after the close of the markets- when it was announced - Bonds - long end moved. --- 30 yr treasuries up over 5% ---- 30 yer mortgage rates over 7% - Markets - yawned and turned on the open after a 1.5% love lower on the futures Bessent reaction -Treasury Secretary Scott Bessent said in an interview on NBC News' "Meet the Press" that Moody's Ratings were a "lagging indicator" after the group downgraded the U.S.' credit rating by a notch from the highest level. -"I think that Moody's is a lagging indicator," Bessent said Sunday. "I think that's what everyone thinks of credit agencies." - He asserted that the downgrade was related to the Biden administration's spending policies - Is that right? China - Stimulating - China cut its key lending rates by 10 basis points on Tuesday, as Beijing ramps up efforts to boost its economy at a time when trade tensions threaten to derail growth. - The People's Bank of China trimmed the 1-year loan prime rate to 3.0% from 3.1%, and the 5-year LPR to 3.5% from 3.6%. US Steel still in play - Nippon Steel plans to invest $14 billion in U.S. Steel's operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and three people familiar with the matter. - Under details of the plan included in the document, the company will plow $11 billion into U.S. Steel's infrastructure through 2028. That includes $1 billion in a green field site, which is expected to grow by $3 billion over the following years and has not been previously reported. - There is  a deadline of May 21st for a national security review - then T...

The National Security Hour with Col. Mike and Dr. Mike – On the issue of China, Mr. Skousen underlined the utter idiocy of the United States ever dealing with China as if it were simply another, very large foreign country. All the decades of economic and political support that the United States has given China support since Henry Kissinger surrendered to Beijing at the Vietnam war negotiations in Paris has...

Kaylia Nemour is leaving Avoine-Beaumont, Chinese Championships, the Koper World Cup, and a Mini-Commision on Civil Rights and the NCAA Not a member? Support independent journalists by joining here. HEADLINES Kaylia Nemour announced that she has left her club, Avoine-Beaumont, and is currently training in Dijon under Nadia Massé The Brazilian gym gods have answered our prayers because Daiane dos Santos is getting her own movie, The Girl Who Could Fly Becky Downie took to Instagram to raise share her struggle with fibroids Sugihara Aiko wore a half-turtleneck, half denim jean shorts singlet and obviously we  need to talk about it for three hours Follow-up on the Crandall-Howell's move to Clemson: Greg Marsen's response to Jessica's comments Chinese Championships Chinese Championships are underway. If you don't have a 6.8 D-score on beam, you should just go home Ou Yushan had a hilarious post-meet interview moment that most gymnasts can relate to about the social media gremlins Zhou Yaqin deigned to bless us with her beam excellence, scoring a 15.0 with a 6.8 D! Huang Ziyi's chest roll mount to shoulder roll charm offensive and a casual 6.8 D What skills, combos, and code hacks did we learn from this meet? Koper World Cup Why this was the "involvement of all the body parts" Championships Individual event titles Teja Belak took the vault title with a 13.516 Lucija Hribar won bars with a 12.400 Georgia-Mae Fenton won beam with a 13.166 Julia Coutinho won floor with a 13.100 Gymternet News Who is transferring and changing commitments? Double the Price in Arkansas: As reported three weeks ago, Morgan Price announced her departure from Fisk to Arkansas Morgan Reihl and Sydney Snyder change their commitments from Cal to Clemson Alexis Czarrunchick is transferring from Georgia to Maryland Molly Brinkman changed her commitment from Clemson to LSU Mizzou's Kaia Tanskanen will represent Finland at the 2025 European Gymnastics Championships Jordan Bowers was named the Honda Sport Award Winner for gymnastics Hire all the gymnasts: Suni Lee, Livvy Dunne, and Jordan Chiles are Sports Illustrated swimsuit models Start your engines: Paul Juda is the Grand Marshall for the Detroit Grand Prix Beth Tweddle, Andreas Wecker, Catalina Ponor, and Paul Ziert were inducted into the International Gymnastics Hall of Fame Pauline Schaefer-Betz announced on Instagram that she's working toward LA 2028 What's on the Socials? Frederick Richard is training in Beijing with the Chinese National Team and also creating hilarious high five-content while he's at it SAY IT LOUDER FOR THE PEOPLE IN THE BACK: Shawn Johnson addressed the sexualization of leotards on a podcast Suni said hell no to snowboarding in this interview with Chloe Kim at the Gold Gala Mini Commission: Civil Rights Attacks and the NCAA From World Champion level Club Gym Nerd member “Gymnastics Fan” "We're experiencing the spread of laws in the US that promote sexism, homophobia, transphobia, etc., in addition to a lack of accountability for those who promote racism, violence, etc. What is the likelihood that the championship might move if an NCAA team refused to travel somewhere? Could the athletes unionize as a team, or does it have to be an entire school's athletes? I know not all athletes have the same core beliefs, so that would create more challenges, but could the progressive athletes create change?" Examples of successful campaigns In 2016 the NCAA moved 7 championships out of North Carolina Colin Kaepernick's kneel during the national anthem helped propel the Black Lives Matter movement into the sports world The Sporting Boycott of South Africa during its apartheid policy The Iranian Women's Stadium Entry Protests of 2019 What is the likelihood of any of this happening in gymnastics? Can athletes unionize? Could a team boycott championships? Mid-meet walk out? IRONIC STICK CROWNS? Feedback Follow-up on routines that should be retired like a Jersey Is having "bow legs" an advantage in gymnastics? How can international fans follow along with NCAA gymnastics? UP NEXT Behind The Scenes: at noon Pacific on Friday 3:00pm Eastern/7:00pm GMT CHECK OUT FACT CHECKER'S NEW BOOK WITH AIMEE BOORMAN The Balance: My Years Coaching Simone Biles by Aimee Boorman with Fact Checker is topping the sport charts - SUCK IT SPORTS BALLS! Get your copy now. And if you loved reading (or listening) to the book, please leave a review. PARIS FX FINAL DEETS with ROMANIAN HEAD COACHES  Jessica and Spencer were joined by former professional musical theater boys turned super choreo-coaching duo, Daymon Jones and Patrick Kiens to discuss Celine van Gerner's iconic Cats makeup, the Paris Olympic FX final from their perspective as Romanian team head coaches, choreographing in over 15 countries combined and being the new coaches at WCC.  Replay tickets available for a limited time. BONUS CONTENT  Join Club Gym Nerd (or give it as a gift!) for access to weekly Behind the Scenes episodes. Club Gym Nerd members can watch the podcast being recorded and get access to all of our exclusive extended interviews, Behind The Scenes and College & Cocktails. MERCH GymCastic Store: clothing and gifts to let your gym nerd flag fly and even “tapestries” (banners, the perfect to display in an arena) to support your favorite gymnast! Baseball hats available now in the GymCastic store NEWSLETTERS Sign up for all three GymCastic newsletters  RECENT  Behind The Scenes: Calzones Confessions Demand More Behind The Scenes: Pottery Wheel Massacre RESOURCES Spencer's essential website The Balance Beam Situation  Gymnastics History and Code of Points Archive from Uncle Tim RESISTANCE  Submitted by our listeners. ACTION Indivisible Practical ideas about what you can actually do in this moment, check it out: indivisi.org/muskorus 5Calls App will call your Congresspeople by issue with a script to guide you Make 2 to your Congressional rep (local and DC office). 2 each to your US Senators (local and state offices) State your name and zip code or district Be concise with your question or demand (i.e. What specific steps is Senator X taking to stop XYZ) Wait for answer Ask for action items -  tell them what you want them to do (i.e. draft articles of impeachment immediately, I want to see you holding a press conference in front of...etc.) ResistBot Turns your texts into faxes, postal mail, or emails to your representatives in minutes ACLU Mobile Justice App Allows you to record encounters with public officials while streaming to your closest contacts and your local ACLU; REPORT any abuse by authorities to the ACLU and its networks. LAWSUITS Donate to organizations suing the administration for illegal actions ACLU, Southern Poverty Law Center, Northwest Immigration Law Project STAY INFORMED Suggested podcasts:  Amicus, Daily Beans, Pod Save America, Strict Scrutiny Immigrant Rights Know Your Rights Red Cards, We Have Rights Video, Your Rights on trains and buses video  

Taiwan has long been a tense flashpoint between Washington and Beijing. By law, the U.S. is required to help Taiwan defend itself. But there is now a debate about whether Taiwan is spending enough on defense, whether Ukraine is a distraction or a test case, and whether defending Taiwan is a vital U.S. interest. Nick Schifrin discussed more with Randall Schriver and Michael Swaine. PBS News is supported by - https://www.pbs.org/newshour/about/funders

After several months of steadily improving ties, India-China relations appear to be cooling once again following the recent clashes in Kashmir. China's military support for Pakistan during the conflict earlier this month has triggered fresh concerns in New Delhi, with many now fearing that the fragile détente built over the past year is starting to unravel. Tensions further escalated in recent days after Beijing announced new names for dozens of locations along the disputed border with India, drawing strong backlash from the Indian media. Meanwhile, the Indian government has banned several Chinese state-run media accounts on the social platform X. Joining Eric from New Delhi is Sushant Singh, a lecturer in South Asian Studies at Yale University, who breaks down the current state of Sino-Indian relations in the aftermath of the Kashmir conflict. Sushant also explains why observers should ignore India's noisy mainstream media and instead pay close attention to what Prime Minister Narendra Modi does—or doesn't—say about China. JOIN THE DISCUSSION: X: @ChinaGSProject | @eric_olander  Facebook: www.facebook.com/ChinaAfricaProject YouTube: www.youtube.com/@ChinaGlobalSouth Now on Bluesky! Follow CGSP at @chinagsproject.bsky.social FOLLOW CGSP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine Arabic: عربي: www.alsin-alsharqalawsat.com | @SinSharqAwsat JOIN US ON PATREON! Become a CGSP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CGSP Podcast mug! www.patreon.com/chinaglobalsouth

Chinese hackers have infiltrated U.S. government systems, the private sector, and critical infrastructure, but hacking has not replaced Beijing's pursuit of old-fashioned human intelligence, aka: spying. Norah O'Donnell reports on Chinese covert agents who monitor and influence events outside their own borders and surveil and intimidate Chinese dissidents right here in America. Correspondent Sharyn Alfonsi travels to Costa Mesa, CA, to meet with Palmer Luckey, the 32-year-old tech billionaire who founded Anduril, a defense products company that makes autonomous weapons, some already in use by the U.S. military and in the war in Ukraine. Alfonsi explores the artificial intelligence that powers Anduril's systems and reports on some of the company's most advanced weapons, including a submarine that operates without sailors. While several international groups refer to lethal autonomous weapons as "killer robots," Luckey says that these innovations represent the future of warfare. Correspondent Jon Wertheim visits southwest Louisiana, where the sounds of Cajun and Zydeco music - long the soundtrack in this singular pocket of America - are experiencing a remarkable revival. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

In a two-part exposé packed with revelations, this broadcast uncovers how foreign threats and internal chaos collide. Part one reveals a stunning breach in U.S. national security: Chinese-made solar inverters, embedded in our energy grid, may allow Beijing remote access—sparking serious questions about American vulnerability and political will to decouple from China. Despite repeated trade betrayals and cyberattacks, leadership appears hesitant to act decisively. Part two shifts to domestic turbulence. A disturbing bombing at an IVF clinic is linked to a radicalized antinatalist and registered Democrat—yet mainstream media quickly mislabels him as a pro-lifer. This incident joins a growing pattern of left-wing violence downplayed or mischaracterized. The segment also breaks down the Biden classified documents scandal, highlighting the hypocrisy in legal treatment compared to Trump, and questions the timing of Biden's cancer disclosure as a potential tactic to avoid prosecution. Together, these episodes paint a stark picture: America's biggest threats may be both foreign and within—and too many in power are looking the other way.

① China gears up for its next development blueprint—15th Five-Year Plan—as President Xi calls for high-quality policymaking. (00:45)② The Chinese economy held firm in April, showing resilience amid pressure and maintaining steady growth. (14:32)③ Beijing pushes back against U.S. restrictions, denouncing unjustified curbs on Huawei's AI chip development. (24:21)④ Putin says military op in Ukraine aimed at long-lasting peace after direct talks: media. (35:54)⑤ UK and EU strike post-Brexit reset deal. (43:53)

China plans to accelerate the availability of tax refund stores for eligible overseas visitors to about 10,000 shops nationwide this year, almost tripling the current number, as the country continues to boost inbound tourism and consumption, a senior official said.商务部高层官员表示，中国计划加速扩大面向符合条件境外旅客的退税商店覆盖范围，预计今年内将全国范围内的退税商店增至约1万家，这几乎是目前规模的三倍，此举旨在持续提振入境旅游和消费复苏。By the end of last year, China had more than 3,700 stores nationwide available for tax refunds for overseas visitors, adding more than 600 stores over the previous year, the Ministry of Commerce said.商务部表示截至去年底，全国已开设可办理境外旅客退税业务的商店逾3700家，较上年新增600余家。Promoting inbound consumption serves as an important lever to help vigorously boost consumption, and it holds great growth potential. It will also help offset the impact of additional tariffs to a certain extent, said Sheng Qiuping, vice-minister of commerce, during a conference on Thursday in Beijing.商务部副部长盛秋平周四在北京举行的会议上指出，促进入境消费是大力提振消费的重要支点，这一领域蕴藏着巨大的增长潜力。同时他强调，推动入境消费将在一定程度上对冲加征关税政策带来的影响。China will continue to optimize the layout of tax refund stores, encourage various regions to set up such stores in major commercial complexes, shopping streets, tourist attractions, resorts, cultural and museum venues, airports, passenger ports, hotels and other places where overseas tourists gather, according to a guideline issued by the Ministry of Commerce and five other departments in late April.根据商务部等六个部门四月末联合印发的指导意见，我国将持续优化退税商店的布局，鼓励各地在境外游客集中的核心商业区、特色商街、旅游景区、度假区、文博场馆、口岸枢纽、酒店住宿等重点场所增设退税网点。The country has lowered the starting point for tax refunds from 500 yuan ($69.3) to 200 yuan and doubled the limit for cash refunds from 10,000 yuan to 20,000 yuan.国家将单笔退税起退门槛从500元（约69.3美元）降至200元，现金退税额上限从1万元提升至2万元。In addition, the country will relax the registration requirements for retailers to become tax refund stores, allowing newly opened shops that have been established for less than a year to apply to become tax refund shops, and the filing time has been shortened to within five working days, the guideline said.指导意见特别明确放宽商户准入条件：新设不满一年的店铺可申请成为退税商店，备案流程缩短至5个工作日内。"Tax refund stores are also encouraged to broaden product offerings to include time-honored brands, renowned Chinese consumer goods, smart devices, intangible cultural heritage items, crafts and specialty products," Sheng said.盛秋平副部长还表示，将鼓励退税商店丰富商品品类，重点拓展老字号、国潮精品、智能设备、非遗产品、手工艺品及特色商品等多元品类。Globally, Japan has more than 60,000 stores that are available for tax refunds for overseas visitors, and South Korea has some 20,000 such stores. France, Germany and Italy each have over 10,000 such stores. The number of such stores in China is far from enough, the Ministry of Commerce said.全球范围内，日本拥有超6万家境外旅客退税商店，韩国约2万家，法德意等国均超1万家。商务部坦言，我国现有退税商店规模与国际水平仍存显著差距。Last year, total expenditure of inbound tourists in China reached $94.2 billion, accounting for 0.5 percent of China's GDP, which is lower than the proportions of 1 percent to 3 percent for major countries in the world, said the commerce ministry.商务部数据显示，去年中国入境游客消费总额达942亿美元，占国内生产总值(GDP)的0.5%，这一比例低于全球主要国家1%-3%的占比水平。"Accelerating the promotion of the tax refund policy will help reduce shopping costs for overseas travelers and inject new impetus to boost consumption. This is an important measure for China to cope with external uncertainties," Sheng said.商务部副部长盛秋平表示：“加速推进退税政策落地见效，将有效降低境外旅客购物成本，为提振消费注入新动能。这是中国应对外部环境不确定性的重要举措。”China has been opening its doors wider to international travelers. In 2024, the country expanded its unilateral visa-free policy to include 38 countries, allowing visits of up to 30 days, according to the National Immigration Administration.中国持续扩大对外开放，国家移民管理局数据显示，2024年我国单方面免签政策覆盖国已扩展至38个，相关国家公民可享受最长30天的免签停留待遇。Multiple favorable policies have helped significantly boost inbound consumption. During the recent five-day May Day holiday, the country saw the number of inbound and outbound passenger trips of foreign visitors exceed 1.1 million, up 43.1 percent year-on-year, said the National Immigration Administration.多重利好政策有效激活入境消费市场。国家移民管理局通报称，在刚刚过去的“五一”五天假期期间，全国出入境外籍人员数量突破110万人次，同比大幅增长43.1%。Shanghai, one of the cities with the highest concentration of foreign tourists, said inbound consumption has become an important lever for it to actively respond to the trade frictions between China and the United States, and promoting inbound consumption will help the city to build itself into an international consumption center.作为境外游客集聚度最高的城市之一，上海表示发展入境消费已成为其积极应对中美贸易摩擦的重要抓手。该市强调，推动入境消费提质升级将有力支撑其建设国际消费中心城市的战略目标。inbound tourism入境游tax refund退税time-honored brands老字号品牌visa-free免签impetus/ˈɪmpɪtəs/n. 动力;推动

Derek welcomes back Jake Werner, director of the East Asia Program at the Quincy Institute, to talk about the latest New Cold War developments. They discuss the Chinese government's view of Donald Trump, US-China trade negotiations, Beijing's approach to great power politics, Taiwan's position in US-China relations under Trump, China's role in domestic US politics, and what a smarter US trade policy might look like. Learn more about your ad choices. Visit megaphone.fm/adchoices

Beijing municipal health authority has revoked the medical licenses of a former senior surgeon and a resident physician at a major Beijing hospital for violations of professional ethics and academic misconduct, the National Health Commission said on Thursday.国家卫生健康委员会周四表示，北京市卫生局已吊销北京一家大型医院原资深外科医生和住院医师的行医执照，原因是他们违反职业道德和学术不端行为。The disciplinary action follows an official investigation that attracted widespread public attention after the two doctors' extramarital affair and personal misconduct emerged in April. The case has prompted scrutiny of loopholes in surgical oversight, professional ethics and medical school admissions.自今年4月这两名医生的婚外情和个人不当行为曝光以来，官方对此展开了调查，并引发了广泛关注。此次纪律处分是在此之前做出的。此案引发了人们对外科监管、职业道德和医学院招生方面漏洞的反思。According to the commission, the former senior surgeon, surnamed Xiao, arbitrarily left an operating room mid-surgery while the patient was under anesthesia. He departed along with his assistant following an argument with a nurse at China-Japan Friendship Hospital in July.据该委员会称，这位姓肖的原资深外科医生在手术过程中，在患者麻醉期间擅自离开手术室。7月份，他与助手在中日友好医院与一名护士发生争执后离开。"He prioritized personal emotions over patient safety and failed to understand his responsibilities as a physician, and the potential medical risks posed to the patient by his actions," the commission said in a statement.该委员会在一份声明中表示：“肖医生将个人情感置于患者安全之上，未能理解其作为医生的责任，也未能理解其行为可能给患者带来的医疗风险。”Xiao's extramarital relationship with the resident physician, surnamed Dong, also constituted "a severe violation of professional and medical ethics" and caused "significant negative social impact", it said.肖某与住院医师董某的婚外情也构成了“严重违反职业道德和医德行为”，并造成了“重大不良社会影响”。Xiao was dismissed from the hospital and expelled from the Communist Party of China earlier this month. His medical license has been revoked by the Beijing municipal health authority, and he is banned from practicing medicine for at least five years. The hospital received a formal warning, a corrective order and financial penalties.本月初，肖某被医院开除出党，并被开除党籍。他的行医执照已被北京市卫生部门吊销，并被禁止至少五年内行医。医院收到了正式警告、责令改正和经济处罚。Dong, who graduated from an elite medical training program in China, was involved in a sexual relationship with Xiao during her residency, according to a letter published by Xiao's wife in April.据肖某妻子今年4月发表的一封信称，董某毕业于中国一所精英医学培训项目，在院期间与肖某发生了性关系。Authorities said Dong falsified academic records to gain admission to a four-year doctoral program at Peking Union Medical College—one of China's most prestigious medical schools. Her dissertation was found to contain serious instances of plagiarism, and several of her academic papers involved violations of research integrity, including improper authorship and duplicate publications.当局表示，董某伪造学术记录，以便进入中国最负盛名的医学院之一——北京协和医学院攻读四年制博士学位。她的学位论文被发现存在严重抄袭行为，她的多篇学术论文涉及违反科研诚信的行为，包括署名不当和重复发表。Peking Union Medical College has revoked Dong's degree and graduation credentials. Local health authorities have also revoked her medical qualification and license, according to the commission.北京协和医学院已撤销董某的学位和毕业证书。据该委员会称，当地卫生部门也已吊销了她的医师资格和行医执照。The "four-plus-four-year" doctoral program that admitted Dong combines undergraduate and medical studies and targets top international university graduates from nonmedical fields. It was designed to integrate medical education with interdisciplinary training and to reform the traditional eight-year path to becoming a doctor in China.董某的“四年加四年”博士研究生项目融合了本科和医学教育，面向非医学领域的国际顶尖大学毕业生。该项目旨在将医学教育与跨学科培训相结合，改革中国传统的八年制医生培养模式。The commission said the case has exposed flaws in the program's admission criteria, clinical training supervision, thesis review procedures and student ethics education.该委员会表示，此案暴露了该项目在招生标准、临床实习督导、论文评审程序和学生伦理教育方面存在的缺陷。"Peking Union Medical College is currently undergoing thorough rectification," the commission said. "The commission is working with the Ministry of Education to conduct a comprehensive evaluation of the pilot program and promote reforms."该委员会表示：“北京协和医学院目前正在进行彻底整改。委员会正会同教育部对试点项目进行全面评估，并推进改革。”The commission is carrying on deeper probe into institutions and personnel involved in the case and will hold those violating rules and regulations accountable.该委员会正在对涉案机构和人员进行深入调查，并将追究违规人员的责任。revocation/ˌrevəˈkeɪʃn/n.撤销，吊销misconduct/ˌmɪsˈkʌndʌkt/n.不当行为；失职plagiarism/ˈpleɪdʒərɪzəm/n.抄袭；剽窃rectification/ˌrektɪfɪˈkeɪʃn/n.整改；纠正

Robots competing in a half marathon? It might sound like science fiction, but it recently happened in Beijing. Humanoid robots are moving out of the lab and into the real world — and the race to bring them to market is heating up. Skip Montreux and Dez Morgan explore the fast-growing industry of humanoid robots. From Tesla's Optimus project to China's state-backed 'robot schools', they discuss the companies pushing development forward, the technology powering these machines, and the economic forces shaping this emerging market. Their conversation is a great learning resource if you want to build your English listening comprehension skills and expand your business vocabulary. Key points of their discussion include: Why humanoid robots ran in a recent half marathon in China. What Tesla, Boston Dynamics, and Unitree Robotics are doing in the robotics space. The strategic investments by companies like Hyundai, Toyota, and Softbank in robotics. How China has built a cost-effective supply chain for robot development. Do you like what you hear? Become a D2B Member today for to access to our -- NEW!!!-- interactive audio scripts, PDF Audio Script Library, Bonus Vocabulary episodes, and D2B Member-only episodes. Visit d2benglish.com/membership for more information. Follow Down to Business English on Apple podcasts, rate the show, and leave a comment. Contact Skip, Dez, and Samantha at downtobusinessenglish@gmail.com Follow Skip & Dez Skip Montreux on Linkedin Skip Montreux on Instagram Skip Montreux on Twitter Skip Montreux on Facebook Dez Morgan on Twitter RSS Feed

#NEWWORLDREPORT: CELAC IN BEIJING. LATIN AMERICAN RESEARCH PROFESSOR EVAN ELLIS, U.S. ARMY WAR COLLEGE STRATEGIC STUDIES INSTITUTE. @REVANELLIS #NEWWORLDREPORTELLIS 1895 TRINIDAD

Good evening: The show begins in Istanbul, as the sons of Cold Warriors gather to talk Ukraine and security. 1870 CBS EYE ON THE WORLD WITH JOHN BATCHELOR FIRST HOUR 9:00-9:15 #Istanbul: Back to the Future, 2022. Anatol Lieven 9:15-9:30 #Europe: No Leader. Anatol Lieven 9:30-9:45 #PRC: Shipping Christmas. Chris Riegel #ScalaReport: Chris Riegel CEO, Scala.com @Stratacache9:45-10:00 #Canada: Never Mind. Conrad Black SECOND HOUR 10:00-10:15 #Israel: Abraham Accords in Train. Asher Fredman, Malcolm Hoenlein @Conf_of_pres @mhoenlein1 10:15-10:30 #Gaza: Ready to Engage with Hamas. Alex Traiman, JNS. Malcolm Hoenlein @Conf_of_pres @mhoenlein1 10:30-10:45 #Syria: Handshake with a Cutthroat. Ilan Berman, Malcolm Hoenlein @Conf_of_pres @mhoenlein1 10:45-11:00 #Iran: Threats. Malcolm Hoenlein @Conf_of_pres @mhoenlein1 THIRD HOUR 11:00-11:15 #NewWorldReport: Profoundly Troubled Petro. Latin American Research Professor Evan Ellis, U.S. Army War College Strategic Studies Institute. @REvanEllis #NewWorldReportEllis 11:15-11:30#NewWorldReport: Latin American Research Professor Evan Ellis, U.S. Army War College Strategic Studies Institute. @REvanEllis #NewWorldReportEllis 11:30-11:45 #NewWorldReport: CELAC in Beijing. Latin American Research Professor Evan Ellis, U.S. Army War College Strategic Studies Institute. @REvanEllis #NewWorldReportEllis 11:45-12:00 #NewWorldReport: Noboa Gets an Ally in the Legislature. Latin American Research Professor Evan Ellis, U.S. Army War College Strategic Studies Institute. @REvanEllis #NewWorldReportEllis FOURTH HOUR 12:00-12:15 #PRC: Non-Tariff Barriers. Alan Tonelson, Gordon Chang 12:15-12:30 #AI: Huawei the Pirate. Brandon Weichert 12:30-12:45 1/2: #Hotel Mars: Roscosmos: Venera 1972. Anatoly Zak, David Livingston12:45-1:00 AM 2/2: #Hotel Mars: Roscosmos: Venera 1972. Anatoly Zak, David Livingston

In this episode of The PDB Afternoon Bulletin:  First, America's space chief is sounding the alarm on Russian and Chinese advances in space-based warfare, including Beijing's “kill web” satellite network, Moscow's intention to put a nuclear weapon into orbit, and their joint project to build a permanent moon base by mid-2030. We'll have the details. Later in the show—in a surprising development, we are learning that Israel is engaged in secret talks with the new Islamist regime in Syria. The discussions are reportedly aimed at reducing tensions between the longtime adversaries, and at potentially having Damascus join the Abraham Accords, which would further erode Iran's strategic interests in the Middle East. To listen to the show ad-free, become a premium member of The President's Daily Brief by visiting PDBPremium.com. Please remember to subscribe if you enjoyed this episode of The President's Daily Brief. YouTube: youtube.com/@presidentsdailybrief Birch Gold: Text PDB to 989898 and get your free info kit on gold DeleteMe: Get 20% off your DeleteMe plan when you text PDB to 64000. Message and data rates apply TriTails Premium Beef: Visit https://TryBeef.com/PDB for 2 free Flat Iron steaks with your first box over $250 Learn more about your ad choices. Visit megaphone.fm/adchoices

The tiny breakaway nation of Somaliland is making a bold geopolitical wager: deepening ties with Taiwan, courting conservative power brokers in Washington, and positioning itself as a rare pro-U.S. ally in a region where China holds significant sway. But this strategy comes at a cost. By crossing Beijing's red line on Taiwan, Somaliland has likely closed the door on Chinese investment and guaranteed opposition in global forums where China holds veto power. Somaliland foreign policy researchers Moustafa Ahmad and Sacad Muhumed join Eric & Cobus from Hargeisa to discuss the government's high-stakes gamble of playing the big powers off one another to secure formal diplomatic recognition. JOIN THE DISCUSSION: X: @ChinaGSProject | @eric_olander | @stadenesque Facebook: www.facebook.com/ChinaAfricaProject YouTube: www.youtube.com/@ChinaGlobalSouth Now on Bluesky! Follow CGSP at @chinagsproject.bsky.social FOLLOW CGSP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine Arabic: عربي: www.alsin-alsharqalawsat.com | @SinSharqAwsat JOIN US ON PATREON! Become a CGSP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CGSP Podcast mug! www.patreon.com/chinaglobalsouth  

Send us a textWhat happens to your identity when you return to a place that once felt like home but now feels foreign? In this profound conversation, therapist Kindall Tyson opens up about her journey of repatriation after spending six years building a life and career in Beijing, China.Kindall shares raw, vulnerable insights into the unexpected challenges of coming home—from the financial shock of American healthcare and housing costs to deeper questions about identity and belonging. "Success is equated with education. I have that. Money? I'm doing that financially. But I'm still single. I don't have children. I don't have a home," she reflects, highlighting how cultural expectations around success can feel suffocating after experiencing freedom abroad.The conversation evolves beyond personal experience into a deeper exploration on cultural responsiveness in therapy. Both clinicians explore how our cultural backgrounds permeate everything we do and how we perceive others unless we consciously examine our biases. "I can't extrapolate race and gender from my experience as a Black woman," Kindall explains. "That informs literally every interaction that I have with people, intended or unintended."This episode offers wisdom for anyone navigating cultural transitions, identity shifts, or seeking to deepen their cultural responsiveness as clinicians. Kindall reminds us that cultural awareness isn't a destination but "an ongoing decision" requiring continuous curiosity and compassion—for others and ourselves. Whether you're an expatriate, a therapist working with diverse populations, or simply someone navigating life's transitions, this conversation offers validation and a roadmap for finding yourself when everything feels foreign.Check out Kindall's work at aspirecounselingwell.com and follow her on Instagram at @aspire_counselingwell to learn about her upcoming support groups for educators and affirmation cards for travelers.This podcast is meant to be a resource for the general public, as well as fellow therapists/psychologists. It is NOT meant to replace the meaningful work of individual or family therapy. Please seek professional help in your area if you are struggling. #breakthestigma #makewordsmatter #thingsyoulearnintherapy #thingsyoulearnintherapypodcastIf you or someone you know is struggling with mental health concerns, please contact 988 or seek a treatment provider in your area.If you are a therapist or psychologist and want to be a guest on the show, please complete this form to apply: https://forms.gle/ooy8QirpgL2JSLhP6Feel free to share your thoughts at www.makewordsmatterforgood.com or email me at Beth@makewordsmatterforgood.comSupport the showwww.bethtrammell.com

Why do some entrepreneurs get chosen over and over again—while others get passed up, even when they're talented? In this episode of Only Business, we break down the real reasons people say yes. You'll learn how to position your offer so it stands out, create instant trust without overselling, and become the obvious choice in any room. Whether you're struggling to land clients, tired of being overlooked, or just want to tighten your messaging, this episode gives you the exact mindset and strategy to stop chasing—and start getting picked.

durée : 00:59:10 - Entendez-vous l'éco ? - par : Aliette Hovine, Bruno Baradat - Du rapport de force entamé par les États-Unis avec la guerre tarifaire, c'est bien la Chine qui semble en être sortie gagnante après la signature d'un accord préalable qui a fait plier Washington en début de semaine. Beijing dessine-t-elle les contours d'un nouvel ordre économique mondial? - réalisation : Françoise Le Floch - invités : Stéphanie Balme Chercheuse et professeure, directrice du Centre de recherches internationales (CERI) de Sciences Po, spécialiste de la diplomatie scientifique, de la Chine globale et des relations Chine-US-UE.; Mary-Françoise Renard Economiste, professeure à l'université Clermont-Auvergne; Alice Ekman Docteure en relations internationales, Directrice de la recherche de l'Institut d'études de sécurité de l'Union européenne et spécialiste de la Chine.; Elvire Fabry Chercheuse senior en Géopolitique du commerce à l'Institut Jacques Delors et Rapporteur du groupe de travail sur les relations UE-Chine

If you're a newbie to China, then you've definitely got to make a trip to Beijing. This Chinese lesson for total beginners will help you to make sure you've got those train tickets... and maybe even help you be all bossy and make someone else go buy them. Episode link: https://www.chinesepod.com/1674

The Fourth ministerial meeting of the China-Community of Latin American and Caribbean States Forum has just taken place in Beijing.Brazilian President Luiz Inacio Lula da Silva, Chilean President Gabriel Boric and Colombian President Gustavo Petro were among those in attendance.Meanwhile, Columbia has formally agreed to join the Belt and Road Initiative.What's driving the closer ties between China and the Latin America and Caribbean nations? And what does this mean for the unity of the Global South?Host Zhao Ying is joined by Cao Ting, Director of Center for Latin American Studies of Fudan University; Pedro Steenhagen, PhD candidate in International Politics at Fudan University and Consultant at the China Desk of Brazil's Daniel Law; Fernando Munoz Bernal, Founder of Media Without Means, a platform aimed at combating misinformation by giving local voices a chance to share their stories.

For today's episode, Lawfare Foreign Policy Editor Daniel Byman talked with Evan Braden Montgomery and Toshi Yoshihara, both Senior Fellows at the Center for Strategic and Budgetary Assessments, to discuss their recent Lawfare article, "Beijing's Changing Invasion Calculus: How China Might Put Taiwan in its Crosshairs." Together they discuss how China might use a blockade, subversion, and nuclear threats to intimidate Taiwan, the United States, and key regional states like Japan. They also discuss how Taipei and Washington might change their approach to reduce the risk of Taiwanese coercion.To receive ad-free podcasts, become a Lawfare Material Supporter at www.patreon.com/lawfare. You can also support Lawfare by making a one-time donation at https://givebutter.com/lawfare-institute.Support this show http://supporter.acast.com/lawfare. Hosted on Acast. See acast.com/privacy for more information.

Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he breaks down today's biggest stories shaping America and the world. Supreme Court Takes Up Trump's Citizenship and Injunction Fight – The justices hear arguments in Trump v. CASA, Inc., tackling whether birthright citizenship can be ended via executive order and whether lower-court judges can issue sweeping “universal injunctions.” The outcome could reshape immigration law and presidential authority. California's Budget Busted by Illegal Immigration – Governor Newsom proposes rolling back healthcare for illegal aliens after costs skyrocket beyond $9.5B. Democrats revolt, accusing him of betraying progressive values, even as the state faces a $12B budget hole. Trump Scores Win on Alien Enemies Act as Deportation System Exposed – A federal judge allows the use of the Alien Enemies Act to deport Venezuelan gang members, though with more due process than Trump sought. Bryan walks through the current deportation process and why it could take 60+ years to remove Biden-era migrants. China's Inverters Could Cripple the U.S. Grid – Reuters uncovers hidden sabotage tools inside Chinese-made solar and EV inverters. These embedded devices could allow Beijing to shut down U.S. power infrastructure at will. Bryan explains why this, along with China's defiance on fentanyl, proves “strategic decoupling” isn't enough. "And you shall know the truth, and the truth shall make you free." – John 8:32

Our analysts Adam Jonas and Sheng Zhong discuss the rapidly evolving humanoid technologies and investment opportunities that could lead to a $5 trillion market by 2050. Read more insights from Morgan Stanley.----- Transcript -----Adam Jonas: Welcome to Thoughts on the Market. I'm Adam Jonas Morgan Stanley's Global Head of Autos and Shared Mobility.Sheng Zhong: And I'm Sheng Zhong, Head of China Industrials.Adam Jonas: Today we're talking about humanoid robots and the $5 trillion global market opportunity we see by 2050.It's Thursday, May 15th at 9am in New York.If you're a Gen Xer or a boomer, you probably grew up with the idea of Rosie, the robot from the Jetsons. Rosie was a mechanical butler who cooked, cleaned, and did the laundry while dishing out a side of sarcasm.Today's idea of a humanoid robot for the home is much more evolved. We want robots that can adapt to unpredictable environments, and not just clean up a messy kitchen but also provide care for an elderly relative. This is really the next frontier in the development of AI. In other words, AI must become more human-like or humanoid, and this is happening.So, Sheng, let's start with setting some expectations. What do humanoid robots look like today and how close are we to seeing one in every home?Sheng Zhong: The humanoid is like a young child, in my opinion, although their abilities are different. A robot is born with a developed brain that is Large Language Model, and its body function develops fast.Less than three years ago, a robot barely can walk, but now they can jump, they can run. And just in last week, Beijing had a humanoid half marathon. While robot may lack on connecting its brain to its body action for work execution; sometimes they fail a lot of things. Maybe they break cups, glasses, and even they may fall down.So, you definitely don't want a robot at home like that, until they are safe enough and can help on something. To achieve that a lot of training and practice are needed on how to do things at a high success rate. And it takes time, maybe five years, 10. But in the long term, to have a Rosie at every family is a goal.So, Adam, our U.S. team has argued that the global humanoid Total Adjustable Market will reach $5 trillion USD by 2050. What is the current size of this market and how do we get to that eye-popping number in next 25 years?Adam Jonas: So, the current size of the market, because it's in development phase, is extremely low. I won't put it a zero but call it a black zero – when you look back in time at where we came from. The startups, or the public companies working on this are maybe generating single digit million type dollar revenues. In order to get to that number of $5 trillion by 2050 – that would imply roughly 1 billion humanoids in service, by that year. And that is the amount of the replacement value of actual units sold into that population of 1 billion humanoid robots on our global TAM model.The more interesting way to think about the TAM though is the substitution of labor. There are currently, for example, 4 billion people in the global labor market at $10,000 per person. That's $40 trillion. You know, we're talking 30 or 40 per cent of global GDP. And so, imagining it that way, not just in terms of the unit times price, but the value that these humanoids, can represent is, we think, a more accurate way of thinking about the true economic potential of this adjustable market.Sheng Zhong: So, with all these humanoids in use by 2050, could you paint us a picture in broad strokes of what the economy might look like in terms of labor market and economic growth?Adam Jonas: We can only work through a scenario analysis and there's certainly a lot of false precision that could be dangerous here. But, you know, there's no limit to the imagination to think about what happens to a world where you actually produce your labor; what it means for dependency ratios, retirement age, the whole concept of a GDP could change.I don't think it's an exaggeration to contemplate these technologies being comparable to that of electric light or the wheel or movable type or paper. Things that just completely transform an economy and don't just increase it by five or 10 per cent but could increase it by five or 10 times or more. And so, there are all sorts of moral and ethical and legal issues that are also brought up.The response to which; our response to which will also dictate the end state. And then the question of national security issues and what this means for nation states and, we've seen in our tumultuous human history that when there are changes of technologies – even if they seem to be innocent at first, and for the benefit of mankind – can often be uh, used to, grow power and to create conflict. So Sheng, how should investors approach the humanoid theme and is it investible right now?Sheng Zhong: Yes, it's not too early to invest in this mega trend. Humanoid will be a huge market in the future, like you said. And it starts now. There are multi parties in this industry, including the leading companies from various background: the capital, the smart people, and the government. So, I believe the industry will evolve rapidly. And in Morgan Stanley's Humanoid: A Hundred Report a hundred names was identified in three categories. They are brand developers, bodies components suppliers, and the robot integrators. And we'd like to stick with the leading companies in all these categories, which have leading edge technology and good track record. But at the meantime, I would emphasize that we should keep close eyes on the disruptors.Adam Jonas: So, Sheng, it seems that national support for the humanoid and embodied AI theme in China is at least today, far greater than in any other nation. What policy support are you seeing and how exactly does it compare to other regions?Sheng Zhong: Government plays an important role in the industry development in China, and I see that in humanoid industry as well. So currently, the local government, they set out the target, and they connect local resources for supply chain corporation. And on the capital perspective, we see the government background funds flow into the industry as well. And even on the R&D, there are Robot Chinese Center set up by the government and corporates together. In the past there were successful experience in China, that new industry grow with government support, like solar panels, electronic vehicles. And I believe China government want to replicate this success in humanoids. So, I won't be surprised to see in the near future there will be national humanoid target industry standard setup or adoption subsidies even at some time.And in fact we see the government supports in other countries as well. Like in South Korea there is a K Humanoid Alliance and Korean Ministry of Trade has full support in terms of the subsidy on robotic R&D infrastructure and verification.So, what is U.S. doing now to keep up with China? And is the gap closing or widening?Adam Jonas: So, Sheng, I think that there's a real wake up call going on here. Again, some have called it a Sputnik moment. Of course the DeepSeek moment in terms of the GenAI and the ability for Chinese companies to show just extraordinary and remarkable level of ingenuity and competition in these key fields, even if they lack the most leading-edge compute resources like the U.S. has – has really again been quite shocking to the rest of the world. And it certainly gotten the attention of the administration, and lawmakers in the DOD. But then thinking further about other incentives, both carrot and stick to encourage onshoring of critical embodiment of AI industries – including the manufacturing of these types of products across not just humanoids, but electronic vertical takeoff and landing aircraft drones, autonomous vehicles – will become increasingly evident. These technologies are not seen as, ‘Hey, let's have a Rosie, the robot. This is fun. This is nice to have.' No, Sheng. This is seen as existential technology that we have to get right.Finally, Sheng, as far as moving humanoid technology to open source, is this a region specific or a global trend? And what is your outlook on this issue?Sheng Zhong: I actually think this could be a global trend because for technology and especially for humanoid, the Vision Language Model is obviously if there is more adoption, then more data can be collected, and the model will be smarter. So maybe unlike the Windows and Android dominant global market, I think for humanoid there could be regional level open-source models; and China will develop its own model. For any technology the application on the downstream is key. For humanoid as an AI embodiment, the software value needs to be realized on hardware. So I think it's key to have mass production of nice performance humanoid at a competitive cost.Adam Jonas: Listen, if I can get a humanoid robot to take my dog, Foster out and clean up after him, I'm gonna be pretty excited. As I am sure some of our listeners will be as well. Sheng, thank you so much for this peak into our near future.Sheng Zhong: Thank you very much, Adam, and great speaking with you,Adam Jonas: And thanks for listening. If you enjoy Thoughts on the Market, please leave us a review wherever you listen and share the podcast with a friend or colleague today.

The Sinica Network proudly presents a new podcast: China Talking Points, featuring Kaiser Kuo (host of the Sinica Podcast), Eric Olander (host of the China-Global South Podcast and China In Africa Podcast) and Andrew Polk, co-founder of Trivium China and host of its podcast. We'll be joined regularly by Lizzi Lee, Fellow on Chinese Economy at the Asia Society Policy Institute's (ASPI) Center for China Analysis. Tune in live every other week for unscripted thoughts on the major China-related news of the week.This week, we focused on the truce in the trade war that Donald Trump launched with the so-called "Liberation Day" tariffs of April 9. U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer met with top Chinese trade negotiator He Lifeng and his team in Geneva over the weekend, and we look at what came out of those meetings and what we can expect to happen next. We also discussed the dogfight that took place between India and Pakistan last week, in which the Pakistani air force claims to have downed as many as five Indian planes, significant for China because the Pakistani planes were Chinese-made J10-C fighters. Eric, who wrote about the Chinese reaction to this and offered his take on the reasons for their success, managed to incur a lot of online Indian wrath — an occupational hazard — but presents a compelling case for why the fully integrated Chinese military systems gave Pakistan the edge.Watch us live on YouTube starting May 28th. Check out the new Sinica Network YouTube channel here!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This powerful and unsettling deep dive exposes two alarming threats facing the United States. First, it details China's escalating cyber warfare campaign, including confirmed intrusions into U.S. water systems, nuclear facilities, and the electrical grid—threats the Biden administration has allegedly downplayed despite tacit admissions from Beijing. It examines the implications of rogue communication devices hidden in Chinese power inverters and the chilling vulnerability of American infrastructure. The second half uncovers a humanitarian scandal: systemic child trafficking at the U.S. southern border. Whistleblowers and investigative journalists allege the Biden administration knowingly dismantled safeguards like DNA testing, allowing criminal networks to exploit thousands of unaccompanied migrant children. From missing children to fraudulent addresses and blocked reforms, this segment lays bare a national disgrace hidden in plain sight. Featuring commentary from Laura Ingraham, Senator Josh Hawley, RFK Jr., Brianna Morello, and others, this episode pulls no punches in confronting the truth behind America's security blind spots and moral failures.

Tune in for an episode with Zoe Alexandra and Indian journalist Prasanth R as they discuss the ceasefire between India and Pakistan, as well as Trump's tour in West Asia and shifts in relations with the US and countries of the region, the massacres in Ecuador and Peru, the China-CELAC meeting in Beijing as well as the latest on US-China tariff deal.

An Interview with Mark L. Clifford, Author and Editor For more than four years, one of the greatest entrepreneurs in Hong Kong's history has been in solitary confinement on sham charges that could lead to imprisonment for life. Despite being held in a small cell, 77-year-old Jimmy Lai has become one of Beijing's greatest threats and one of the world's most courageous leaders in the fight for freedom. Our guest on this episode of Voices of Freedom is Mark L. Clifford, Lai's close friend and an advocate for freedom in Hong Kong. He shares Lai's remarkable story, from his childhood in poverty, to his rise as a successful business owner and newspaper publisher, to his stand against tyranny. This year, The Bradley Foundation has awarded Lai with an Honorary Bradley Prize for his unwavering commitment to the ideals of freedom. Topics Discussed on this Episode: Lai's childhood on mainland China and why he fled to Hong Kong How Lai was able to quickly rise above his circumstances The influence of free market ideas on Lai's career and life The impact of Tiananmen Square and the massacre of 1989 Lai's introduction to Catholicism and how religion shaped his belief system Lai's decision to stay in Hong Kong and take a stand for freedom Lai's state of mind after more than four years in prison Why the Chinese Communist Party fears Lai Whether there's hope for Hong Kong's democratic movement About Mark L. Clifford: Clifford is president of the Committee for Freedom in Hong Kong, the former executive director of the Asia Business Council, and a former board member at Next Digital. He is editorial chair of the Asian Review of Books and served as editor in chief of both English-language papers in Hong Kong, The Standard and the South China Morning Post.

In this high-conviction, high-energy interview, SCP Resource Finance CEO David Wargo joins Trey Reik to lay out why the next big macro move is into commodities, driven by a weakening dollar, a race for critical minerals, and an urgent shift away from China-dominated supply chains. Key Topics: What the recent U.S.–China trade deal really means for rare earths Why gold, silver, copper, nickel, and rare earths are all set to surge How the U.S. dollar's decline will fuel a real asset bull market How Ukraine's reconstruction will supercharge base metals demand Whether the U.S. will take control and liberate its mining sector, just like Big Oil Would you like to hear more about SCP and its rare earth mineral projects? Get their white paper here: https://wealthion.com/rare-earth-metals/ Chapters: 0:23 - Are US-China Trade Talks Truly Sincere?   3:11 - Why Did China Grant Rare-Earth Exports to Vietnam and Volkswagen?   5:14 - What's Beijing's Endgame for Rare-Earth Leverage?   6:12 - Can Saudi Arabia Build Its Own Rare-Earth Supply Chain?   9:03 - Does the Kingdom Actually Have the Minerals?   10:28 - Deep-Sea Mining Order: Bold Move or PR Stunt?   13:00 - Why Is the Resolution Copper Mine Still Waiting?   17:00 - Pebble Mine in Alaska: Dream Deposit or Environmental Risk?   19:51 - What's the Hottest Opportunity in Mining Right Now?   21:24 - Will Rebuilding Ukraine Supercharge Base-Metal Demand? Volatility got you concerned? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/43uMQ50 Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealthion #Wealth #Finance #Investing #Gold #Silver #Copper #RareEarths #CriticalMinerals #Commodities #Geopolitics #Macro #USChina #USD #Mining ________________________________________________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust. Learn more about your ad choices. Visit megaphone.fm/adchoices

-Gobierno de #DinaBoluarte en #Perú en crisis luego de la salida del Primer Ministro, e inminente remplazo de todo su gabinete. -Inflación en #Argentina cae a 2,8% en abril, incluso menos que la esperada. -Canceladas negociaciones de paz ante la negativa de #VladimirPutin de apersonarse en #Turquía con #Zelensky y #Trump.

China is urging the United States to address trade and economic concerns through dialogue, stressing that Beijing remains open to talks (1:01). The Russian and U.S. presidents have decided to skip talks with Ukraine in Istanbul (12:42). And Syria's interim leader has welcomed the U.S. president's decision to lift sanctions, while the Middle East expects Donald Trump to use his trip to the region to help bring peace (23:24).

Prime Minister Mark Carney's new cabinet is making waves—not just at home, but around the world. From military spending signals to the careful choreography with Washington, New Delhi, and Beijing, these picks aren't just about portfolios—they're about priorities. In this episode, we dig into what Carney's picks tell us about Canada's place on the world stage. 3:45 | But first...we take a look at new polling on the "Wexit" movement with 338 Canada's Philippe Fournier, including shocking numbers from UCP supporters in Alberta.  CHECK OUT PHILIPPE'S WORK: https://www.338canada.ca/ 22:00 | It's the perfect time of year to take your kids to Jasper! Ryan shares some of his favourite memories (including a trip to Spirit Island), and lays out some of Jasper's family-friendly activity options. #MyJasper Memories is presented by our friends at Tourism Jasper.  MAKE JASPER MEMORIES: https://www.jasper.travel/ 25:30 | What do Mark Carney's cabinet picks tell us about the PM's approach to foreign relations? Dr. Bob Murray gets into military spending and our relationships with the U.S., India, and China.  FOLLOW DR. BOB: https://x.com/DrRWM 54:00 | Two Alberta boys are about to embark on a remarkable mission: ten marathons in ten consecutive days in ten different provinces. We meet Mike Hanson and Dave Morin.  SUPPORT TEN in TEN in TEN: https://www.10in10in10.ca/ 1:09:00 | Jespo and Johnny debate the "Nine/Nine/Nine" challenge, and read emails from Real Talkers Lisa (menopause), Mark (bitumen), and Tana (pipelines and Alberta separation).  EMAIL THE SHOW: talk@ryanjespersen.com  REGISTER FOR THE REAL TALK GOLF CLASSIC: https://www.ryanjespersen.com/real-ta... FOLLOW US ON TIKTOK, X, INSTAGRAM, and LINKEDIN: @realtalkrj & @ryanjespersen  JOIN US ON FACEBOOK: @ryanjespersen  REAL TALK MERCH: https://ryanjespersen.com/merch RECEIVE EXCLUSIVE PERKS - BECOME A REAL TALK PATRON: patreon.com/ryanjespersen THANK YOU FOR SUPPORTING OUR SPONSORS! https://ryanjespersen.com/sponsors The views and opinions expressed in this show are those of the host and guests and do not necessarily reflect the position of Relay Communications Group Inc. or any affiliates.

I had scheduled a show to record while I was in Providence last week, but it fell through and had to be rescheduled, so please give this talk I delivered at Carnegie Mellon last month a listen!Hope you enjoy.KaiserSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apple in China: The Capture of the World's Greatest Company by Patrick McGee Amazon.com For readers of Walter Isaacson's Steve Jobs and Chris Miller's Chip War, a riveting look at how Apple helped build China's dominance in electronics assembly and manufacturing only to find itself trapped in a relationship with an authoritarian state making ever-increasing demands. After struggling to build its products on three continents, Apple was lured by China's seemingly inexhaustible supply of cheap labor. Soon it was sending thousands of engineers across the Pacific, training millions of workers, and spending hundreds of billions of dollars to create the world's most sophisticated supply chain. These capabilities enabled Apple to build the 21st century's most iconic products—in staggering volume and for enormous profit. Without explicitly intending to, Apple built an advanced electronics industry within China, only to discover that its massive investments in technology upgrades had inadvertently given Beijing a power that could be weaponized. In Apple in China, journalist Patrick McGee draws on more than two hundred interviews with former executives and engineers, supplementing their stories with unreported meetings held by Steve Jobs, emails between top executives, and internal memos regarding threats from Chinese competition. The book highlights the unknown characters who were instrumental in Apple's ascent and who tried to forge a different path, including the Mormon missionary who established the Apple Store in China; the “Gang of Eight” executives tasked with placating Beijing; and an idealistic veteran whose hopes of improving the lives of factory workers were crushed by both Cupertino's operational demands and Xi Jinping's war on civil society. Apple in China is the sometimes disturbing and always revelatory story of how an outspoken, proud company that once praised “rebels” and “troublemakers”—the company that encouraged us all to “Think Different”—devolved into passively cooperating with a belligerent regime that increasingly controls its fate. About the author Patrick McGee led Apple coverage at the Financial Times from 2019 to 2023 and won a San Francisco Press Club Award for his coverage of the company. He joined the newspaper in 2013, in Hong Kong, before reporting from Germany and California. His reporting in the last decade has centered on upheavals in technology, including autonomous cars, electric vehicles, and major developments in the supply chain. Previously, he was a bond reporter at the Wall Street Journal. He received a Master's in Global Diplomacy from SOAS, University of London, where his thesis focused on the US military budget and competition with China. He has also a degree in Religious Studies from the University of Toronto. Originally from Calgary, Canada, he and his family make their home in the Bay Area. Patrick is a keen runner, reader of history, and traveller.

Michael Allen talks with retired rear admiral and China expert Mike Studeman about the geopolitical implications of President Trump's trade negotiations with China and US policy to counter Chinese influence and threats. Mike, former Commander of the Office of Naval Intelligence, discusses how China might exploit an "America First" orientation, the critical importance of Taiwan for US economic and national security, and the strategic calculations behind Xi Jinping's timeline for potential military action.

The US has lifted sanctions on the country after 14 years of restrictions on almost any ort of trade. We hear the reaction from the business owner in Damascus.Also, we hear from one Chinese exporter over the reduced tariffs agreed between Beijing and Washington. Plus - fears about conditions for foreign workers as Saudi Arabia build facilities for the 2034 World Cup.And the strange tale of the missing texts between the head of the European Commission and the boss of one of the world's largest pharmaceutical firms...You can contact us on WhatsApp or send us a voicenote: +44 330 678 3033.

Taking your brand international? Tread carefully. In this episode, we unpack 9 jaw-dropping global branding blunders - from BMW's national anthem fiasco to KFC's finger-lickin' translation fail in Beijing and the million-dollar lessons hiding inside each one. Whether you're expanding overseas or just dreaming about it, this is your fast-track primer on what not to do. Learn how to dodge cultural landmines, localize with intention, and make your brand land like a legend - wherever it goes.GET MORE MARKETING & SALES TOOLS:Are you interested in becoming the published author of a powerful book to help you attract more ideal clients and set you apart from the competition? Imagine holding your own book in your hands as quickly as 3-6 weeks without you ever having to write a word. We do all the work, you get all the glory! Find out how we Capture Your Genius at our sister publishing house Lunch Break Books - powerful books for entrepreneurs with big growth goals.Are you subscribed to Marketing Gold? Get more marketing tools, tips and strategies delivered to your inbox most Mondays. Sign up here.Is your business doing $2M+ and you're ready to take it to the next level? We'll show you how. Get your free marketing roadmap by taking the Client Stampede Assessment. It's fast, free (Value $197) and your 20+ page report is emailed to you instantly.Enjoying the podcast? You'll love the audio book. Get The Client Stampede audio book on Amazon.

Good evening: The show begins in Beijing and Washington as the global markets react to trade talk... 1885 OHIO RIVER CBS EYE ON THE WORLD WITH JOHN BATCHELOR FIRST HOUR 9:00-9:15 #POTUS: Blinking US. Grimacing PRC. Alan Tonelson, Reality Check. @GordonGChang, Gatestone, Newsweek, The Hill 9:15-9:30 #EU: Gets a Vote in the Deal. Alan Tonelson, Reality Check. @GordonGChang, Gatestone, Newsweek, The Hill 9:30-9:45 1/2: #Ukraine: Waiting for Putin. John Hardie, FDD 9:45-10:00 2/2: #Ukraine: Waiting for Putin. John Hardie, FDD SECOND HOUR 10:00-10:15 #POTUS: Outbound for Riyadh, Dubai, Doha. Malcolm Hoenlein @Conf_of_pres @mhoenlein1 @ThadMcCotter @theamgreatness 10:15-10:30 #Israel: State Department and the PA. Malcolm Hoenlein @Conf_of_pres @mhoenlein1 @ThadMcCotter @theamgreatness 10:30-10:45 #NewWorldReport: #Brazil: Lula with Putin and Xi in Moscow. Ernesto Araujo, Joseph Humire @JMHumire @SecureFreeSoc. Ernesto Araujo, former Foreign Minister Republic of Brazil. #NewWorldReportHumire 10:45-11:00 #Yemen: Rebuilding Sana'a Airport. Bridget Toomey, FDD THIRD HOUR 11:00-11:15 #Kashmir: Poor Performance Both Sides. General Blaine Holt (USAF Retired) 11:15-11:30#Kashmir: Nuke Sites Threatened. General Blaine Holt (USAF Retired) 11:30-11:45 #India: Modi Responded to the Provocation. Sadanand Dhume, WSJ 11:45-12:00 #Syria: Doubting Damascus. Ahmad Sharawi, FDD FOURTH HOUR 12:00-12:15 #Pakistan: Self-Respect. Husain Haqqani, Hudson 12:15-12:30 #Pakistan: Nuke Alarms. Husain Haqqani, Hudson 12:30-12:45 #Gaza: Hostage Released. Joe Truzman, FDD 12:45-1:00 AM #Lebanon: Too Quiet. Joe Truzman, FDD

This week we discussed Firefighting Robotic Dog, Romania & Poland Elections, the negative side of Social Media, Safety Issue at USA Biolab, Tafiffs effecting Trade and more#biolabs #awakening #firefightingrobot About my Co-Host:Arnold Beekes Innovator, certified coach & trainer and generalist. First 20 years in technology and organizational leadership, then 20 years in psychology and personal leadership (all are crucial for innovation).============What we Discussed: 00:00 What we are discussing in this weeks show 01:40 Our Previous Interview about the dangers of Social Media03:40 Cork man Drowned with people recording on Phones05:20 Drivers recording car accidents06:45 Romanian Elections08:35 No Need to have 2 Presidential Elections09:25 US Argiculture in Chaos11:05 Farmer in Poland saying that Crops effected by Chemtrails12:25 Safety Issue at USA Biolab14:45 Standford Research saying that Ai Companion apps very dangerous16:40 World Humanoid Events18:40 Stargage$500 B Ai project20:45 Firefighting Robotic Dog22:20 The Benefits of Watermelon Seed23:20 Alternative to the Water Bucket Challenge26:25 A Tribe won a legal Land Case in Brazil28:05 Weight Watchers gobe Bankrupt30:50 European Public Week34:20 TheNutrients in Food is declining37:54 The Toxic Pringles41:20 How I got my son to stop eating hotdogs44:55 Tariffs effecting Trade 46:35 Polish President Candidate burns the EU FlagLinks for this Episode: https://sharylattkisson.substack.com/p/nih-halts-operations-at-us-biolab?r=nppkh&utm_campaign=post&utm_medium=web&triedRedirect=truehttps://english.beijing.gov.cn/latest/news/202505/t20250509_4085788.html#:~:text=Latest-,World%20Humanoid%20Robot%20Games%20Are%20Coming!,Beijing's%20Iconic%20'Dual%20Olympic'%20Venues&text=The%202025%20World%20Humanoid%20Robot,main%20events%20and%20peripheral%20events.  ====================How to Contact Arnold Beekes: https://braingym.fitness/ https://www.linkedin.com/in/arnoldbeekes/===============Donations ⁠⁠https://www.podpage.com/speaking-podcast/support/⁠⁠------------------All about Roy / Brain Gym & Virtual Assistants athttps://roycoughlan.com/------------------

Gordon Chang, author of the just-released Plan Red: China's Project to Destroy America and The Coming Collapse of China, joined The Guy Benson Show today to break down the disturbing blackmail campaign facing Chinese international students, who are reportedly being coerced by the CCP to spy in exchange for their families' safety. He explained how the now-shuttered Confucius Institutes enabled this behavior, how Confucius Institutes are being replaced, and why Chinese diplomats involved should be expelled. Chang also weighed in on how countries like Columbia are still engaging with Beijing on Belt and Road initiatives and why he believes China ultimately got the better end of the trade pause. Listen to the full interview below! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Over the weekend, top negotiators from the U.S. and China met for the first time since President Trump rapidly escalated a trade war between the world's two economic superpowers.Keith Bradsher, the Beijing bureau chief for The New York Times, discusses the pressures facing China, as it came to the negotiating table and why it so badly needs a deal.Guest: Keith Bradsher, the Beijing bureau chief for The New York TimesBackground reading: The U.S. said ‘substantial progress' had been made in trade talks with China.For more information on today's episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Photo: Agence France-Presse — Getty Images Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

A.M. Edition for May 12. Washington and Beijing take a major step toward thawing their trade conflict by agreeing to lower tariffs on each other's goods by 115%. WSJ reporter Jason Douglas recaps the results of weekend talks and explains which issues the two sides still need to sort out. Plus, President Trump is expected to sign an executive order today tying U.S. drug prices to what other countries pay. And Ukrainian President Volodymyr Zelensky challenges Russian President Vladimir Putin to meet him for peace talks this week. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Ankara is the capital of Turkey. An earlier version of this podcast said Istanbul was the country's capital. (Corrected on May 13) Learn more about your ad choices. Visit megaphone.fm/adchoices

The Father of Reaganomics, David Stockman, joins us to explore the complex world of international trade and its impact on investors.  Key insights include: Challenging conventional wisdom about trade policies Understanding economic forces that drive investment opportunities Gaining expert perspective on global economic trends Stockman provides a candid analysis of current trade strategies, revealing: The true drivers of economic competitiveness Potential pitfalls of protectionist approaches Critical insights for strategic investors The episode cuts through political noise to offer clear, actionable economic intelligence for informed decision-making. Smart investors look beyond headlines to understand the deeper economic forces shaping their financial future. Resources: Check out David Stockman's Contra Corner Newsletter Show Notes: GetRichEducation.com/553 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching: GREinvestmentcoach.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  0:01   Welcome to GRE. I'm your host. Keith Weinhold, I sit down with a long time White House occupant who was the official economic advisor to an ex president. We get the real deal on tariffs and what they mean to you. Trump gets called out and the ominous sign about what's coming six months from now, today on, Get Rich Education.   Since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being the flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show guests include top selling personal finance author Robert Kiyosaki. Get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com   Corey Coates  1:14   You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold  1:30   Welcome to GRE from Brookline, Massachusetts to Brooklyn, New York and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education, just another shaved mammal behind this microphone here. I recently spent some time with the father of Reaganomics, David Stockman, in New York City, and sometimes an issue so critical surfaces that real estate investors need to step back and understand a broader force in the economy. Three weeks ago, here, I told you how the second and third way, real estate pays you. Cash flow and ROA are sourced by your tenants employment and the future of your tenants employment is influenced by tariffs and other policies of this presidential administration. This is going to affect rates of inflation and a whole lot of things. Now, an organization called the American Dialect Society, they actually name their word of the year, and this year, it is shaping up to be that word, tariff. In fact, Trump has described that word as the most beautiful word in the dictionary. And I think we all know by now that a tariff is an import tax that gets passed along to consumers when it comes to materials used in real estate construction that's going to affect future real estate prices. Well, several key ones so far were exempted from recent reciprocal tariffs, including steel, aluminum, lumber and copper exempted. Not everything was exempted, but those items and some others were but who knows if even they are going to stay that way. And now, when it comes to this topic. I think a lot of people want to make immediate overreactions in even posture like they're an expert in become an armchair economist, and I guess we all do a little of that, me included. But rather than being first on this and overreacting, let's let the policy which Trump called Liberation Day last month when he announced all these new tariffs. Let's let policy simmer a little and then bring in an expert that really knows what this means to the economy and real estate. So that's why I wanted to set up this discussion for your benefit with the father of Reaganomics and I today. In fact, what did Reagan himself say about tarrifs back in 1987 this is part of a clip that's gained new life this year. It's about a minute and a half.    Speaker 1  4:13   Throughout the world, there's a growing realization that the way to prosperity for all nations is rejecting protectionist legislation and promoting fair and free competition. Now there are sound historical reasons for this. For those of us who lived through the Great Depression, the memory of the suffering it caused is deep and searing, and today, many economic analysts and historians argue that high tariff legislation passed back in that period called the Smoot Hawley tariff greatly deepened the depression and prevented economic recovery. You see at first when someone says, Let's impose tariffs on foreign imports, it looks like they're doing the patriotic thing by protecting American products and jobs, and sometimes for a short while at work. Price, but only for a short time. What eventually occurs is first, home grown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition, so soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens, markets shrink and collapse, businesses and industry shut down, and millions of people lose their jobs.    Keith Weinhold  5:50   Now, from what I can tell you as a listener in the GRE audience, maybe you're split on what you think about tariffs. In fact, we ran an Instagram poll. It asks, generally speaking, tariffs are good or bad? Simply that 40% of you said good, 60% bad. Over on LinkedIn, it was different. 52% said they're good, 48% bad. So it's nearly half and half. And rather than me taking a side here, I like to bring up points that support both sides, and then let our distinguished guests talk, since he's the expert. For example, if a foreign nation wants to access the world's largest economy, the United States, does it make sense for them to pay a fee? I mean, it works that way in a lot of places, when you want to list a product on eBay or Amazon, you pay them a fee. You pay a percentage of the list price in order to get access to a ready marketplace of qualified buyers. All right. Well, that's one side, but then the other side is, come on, let's look at history. Where have tariffs ever worked like Where have they ever been a resounding, long term success? Do they have any history of a sustained, good track record? I generally like free trade. Then let's understand there's something even worse than a steep tariff. There are quotas which are imposed, import limits, trade limits, and then there are even all out import bans. What do terrorists mean to the economy that you are going to live in and that your tenants live in? It's the father of Reaganomics, and I on that straight ahead on Get Rich Education. I'm your host. Keith Weinhold.   you know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it if I wasn't invested myself. You can invest as little as 25k and you keep earning until you decide you want your money back, no weird lock ups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text, family to 66866, to learn about freedom, family investments, liquidity fund, again. Text family to 6686   Hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group and MLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Caeli Ridge personally. Start Now while it's on your mind at Ridge lendinggroup.com, that's ridgelendinggroup.com.    Hey   Robert Helms  9:28   Hey everybody. It's Robert Helms of the real estate guys radio program. So glad you found Keith Weinhold in get rich education. Don't quit your Daydream.   Keith Weinhold  9:48   when it comes to White House economic policy like tariffs, taxes and inflation, don't you wish you could talk to someone that's often been inside the White House. Today, we are even better. He was the official advisor to an ex president on economic affairs, a Wall Street and Washington insider and Harvard grad. Today's guest is also a former two time congressman from Michigan. He's a prolific author, and he is none other than the man known as the father of Reaganomics. He was indeed President Ronald Reagan's budget advisor. He was first with us last year, but so much has happened since. So welcome back to the show. David Stockman,    David Stockman  10:26   very good to be with you, and you're certainly right about that. I think we're really in uncharted waters. Who could have predicted where we are today, and therefore it's very hard to know where we're heading, but you have to try to peer through the fog and all the uncertainty and the noise and the, you know, day to day ups and downs that's coming from this White House in a way that we've never seen before. And I started on Capitol Hill in 1970 so I've been watching this, you know, for more than a half century, actually, quite a while. And man, it's important to go through all this, but it's sort of uncharted waters.    Keith Weinhold  11:04   Sure, it's sort of like you wake up every day and all you do know is that you don't know. And David, when it comes to tariffs, I want to give you my idea, and then I want to ask you about what the tariff objective even is. Now, to be sure, no one is asking me how to advise the President. I'm an international real estate investor, but I do most of my business in the US, and I sure don't have international trade policy experience. It seems better to me, David, that rather than shocking the world with new tariffs that kick in right away, it would have been better to announce that tariffs begin in, say, 90 days, and then give nations space to negotiate before they kick in. That's my prevailing idea. My question to you is, what's the real objective here? What are terrorists proposed to do? Raise revenue, onshore companies merely a negotiation tactic? Is the objective? Something else?    David Stockman  12:00   Well, it might be all of the above, but I think it's important to start with a predicate, and that is that the problem is not high tariffs abroad or cheating by foreign competitors or exporters. There is a huge problem of a chronic trade deficit that is not benign, that does reflect a tremendous offshoring of our industrial economy, the loss of good, high paying industrial and manufacturing jobs. So the issue is an important one to address, but I have to say, very clearly, Trump is 100% wrong when he attempts to address it with tariffs, because foreign tariffs aren't the problem. Let me just give a couple of pieces of data on this, and I've been doing a lot of research on this. If you take the top 51 exporters to the United States, our top 51 trade partners, and this is Mexico and Canada and the entire EU and it's all the big far eastern China, Japan, South Korea, India, you know, all the rest of them. If you look at the and that's 90% of our trade, we have 2.9 trillion of imports coming in from all of those countries, and the tariff that we Levy, this is the United States, on those imports, is not high. It's higher than it was in the past, mainly because of what Trump did in the first term, but it's 3.9% now compared to bad times historically, decades and decades ago. That's relatively low. But here's the key point, if we look at the same 51 trading partners in terms of the tariffs they levy on our exports to China and to the EU and to Canada and Mexico and South Korea and all the rest of them. The tariff average, weighted average that they levy is 2.1% so let me restate that the average US tariff is about twice as high 4% around things as what our partners imposed 2% now the larger point is whether it's 4% or 2% doesn't make a better difference. That's not a problem when it comes to 33 trillion of world trade of which we are, you know, the United States engages in about five and a half trillion of that on a two way basis, import, export, in the nexus of a massive global trading system. So he's off base. He's wrong. The target is not high tariffs or unfair foreign trade. Now there are some people who say, Well, you're looking at monetary tariffs. So in other words, the import duty they levy on, you know, exports to South Korea or India or someplace like that, right? And that, the real issue, supposedly, is non tariff barriers. For instance, you know, some governments require you that all procurement by government agencies has to be sourced from a domestic supplier, which automatically shuts out us suppliers who might want that business. Well, the problem is we're the biggest violator of the non tariff barrier in that area. In other words, we have something like $900 billion worth of state, federal and local procurement that's under Buy America policies, which means EU, Mexico, Canada, China, none of them can compete. Now I mention that only as one example, because it's the kind of classic non tariff barrier, as opposed to import duty that some people point to, or they point to the fact that while foreign countries allegedly manipulate their currency, but you know the answer to that is that number one, overwhelming, no doubt about it, largest currency manipulator in the world, is the Federal Reserve. Okay, so it's kind of hard to say that there's a unfair trade problem in the world because of currency manipulation. And then there is, you know, an argument. Well, foreign governments subsidize their exporters. They subsidize their industrial companies, and therefore they can sell things cheaper. And therefore that's another example of unfair trade, but the biggest subsidizer of tech industry, and of a lot of other basic industry in the United States is is the Defense Department. You know, we have a trillion dollar defense budget, and we put massive amounts of dollars in, not only to buying, you know, hardware and weapons and so forth, but huge amounts of R and D that go into developing cutting edge technologies that have a lot of civilian applications that, in fact, we see all over the world. That's why we're doing this broadcast right now. The point is that problem is not high tariffs because they're only low tariffs. The problem is not unfair trade, because there's all kinds of minor little interferences with pure free markets, but both, everybody violates those one way or another due to domestic politics. But it's not a big deal. It doesn't make that big a difference. So therefore, why do we have a trillion dollar trade deficit in the most recent year, and a trade deficit of that magnitude that's been pretty continuous since the 1970s the answer is three or four blocks from the White House, not 10,000 miles away in Beijing or Tokyo. The answer is the Federal Reserve has in the ELLs building there in DC, not far from the White House. Yes, yes, right there, okay, the Eccles building the Fed has a huge, persistent pro inflation bias, sure. And as a result of that, it is pushed the wage levels and the price levels and the cost levels of the US economy steadily higher, and therefore we've become less and less competitive with practically everybody, but certainly a lower wage countries nearby, like Mexico or China, far away. And you know, there's, it's not that simple of just labor costs and wages, because, after all, if you source from China, you've got to ship things 10,000 miles. You've got supply chain management issues, you've got quality control issues, you've got timeliness issues. You have inventory carry costs, because there's a huge pipeline, and of course, you have the actual freight cost of bringing all those containers over. But nevertheless, when you factor all that in, our trade problem is our costs are too high, and that is a function of the pro inflation policies of the Fed. Give one example. Go back just to the period when the economy was beginning to recover, right after the great recession. And you know the crisis of 208209 and I started 210 unit labor costs in manufacturing in the United States. Just from 210 that's only 15 years, are up 55% that's unit labor costs. In other words, if you take wage costs and you subtract productivity growth in that 15 year period, the net wage costs less productivity growth, which is what economists call unit labor costs, are up 53% and as a result of that, we started, you know, maybe with a $15 wage difference between the United States and.China back in the late 1990s that wage gap today is $30 in other words, the fully loaded way at cost of average wages in the United States. And I'm talking about not just the pay envelope, but also the payroll taxes, the you know, charge for pension expense, health care and so forth. The whole fully loaded cost to an employer is about $40 an hour, and it's about $10 in the United States and it's about $10 an hour in China. Now that's the reason why we have a huge trade deficit with China, because of the massive cost difference, and it's not because anybody's cheating. Is because the Fed, in its wisdom, decided, well, you know, everybody will be okay. We're going to inflate the economy at 2% a year. That's their target. It's not like, well, we're trying to get low inflation or zero inflation, but we're not quite making it. No, they're proactive. Answer is, we've got to have 2% or the economy is not going to work. Well, well, 2% sounds well, that's a trivial little number. However, when you do it year after year, decade after decade, for a long period of time, and the other side is not inflating at the same rate, then in dollar terms, you have a problem, and that's where we are today. So this is important to understand, because it means the heart of the whole Trump economic policy, which is trying to bring manufacturing home, trying to bring industry back to the United States, a laudable objective is based on a false diagnosis of why this happened, and it is unleashed ball in the china shop, disruption of global economic flows in relationships that are going to cause unmitigated problems, even disaster in the US economy. Because it's too subtle, when you think about it, the world trade system just goods. Now, we've not even talking about services yet, or capital flows or financing on a short term basis. The World Trade in goods, merchandise, goods only is now 33 trillion. That is a hell of a lot of activity of parts and pieces and raw materials and finished products flowing in. You know, impossible to imagine directions back and forth between dozens and dozens of major economies and hundreds overall. And when you start, you step into that, not with a tiny little increase in the tariff. To give somebody a message. You know, if our tariffs are averaging 4% that's what I gave you a little while ago. And you raise tariffs to 20% maybe that's a message. But Trump didn't do that. He raised the tariff on China to 145% in other words, let's just take one example of a practical product, almost all the small appliances that you can find in Target or even a higher end retail stores United States or on Amazon are sourced in China because of this cost differential. I've been talking about this huge wage differential. So over the last 20, 25, years, little it went there now 80% of all small appliances are now sourced in China, and one, you know, good example would be a microwave oven, and a standard one with not a lot of fancy bells and whistles, is $100 now, when you put 145% tariff on the $100 landed microwave oven is now $245 someone's going to say, Gee, are we going to be able to sell microwaves at $245 they're not certain. I'm talking about a US importer. I'm talking about someone who sells microwaves on Amazon, for instance, or the buyers at Walmart or Target, or the rest of them, they're going to say, wait a minute, maybe we ought to hold off our orders until we see how this is going to shake out. And Trump says he's going to be negotiating, which is another whole issue that we'll get into. It's a lot of baloney. He has no idea what he's doing. Let's just face the facts about this. So if orders are suddenly cut back, and the flow that goes on day in and day out across the Pacific into the big ports in Long Beach in Los Angeles is suddenly disrupted, not in a small way, but in a big way, by 20, 30, 40, 50% six or seven months down the road, we're going to have empty shelves. We're going to have empty warehouses. We're going to have sellers who suddenly realize there's such a scarcity of products that have been hit by this blunderbuss of tariffs that we can double our price and get away with it.   Keith Weinhold  25:00   Okay, sure. I mean, ports are designed. Ports are set up for stadium flows, not for surges, and then walls and activity. That just really doesn't work.   David Stockman  25:08   And let me just get in that, because you're on a good point. In other words, there is a complicated supply line, supply chain, where, you know, stuff is handed off, one hand to another, ports in China, shipping companies, ports here, rail distribution systems, regional warehouses of you know, people like Walmart and so forth, that whole supply chain is going to be hit with a shock. Everything is going to be uncertain in terms of the formulas that everybody uses right now, you know that you sell 100 units a week, so you got to replace them at the sales rate, and you put your orders in, and know that it takes six weeks to get here, and all this other stuff, all of the common knowledge that's in the supply chain that makes it work, and the handoffs smooth and efficient From one player in the supply chain to the next, it's all going to be disrupted. But the one thing we're going to have is we're going to have shortages, we're going to have empty shelves, and we're going to have price which I'm sure that Trump is not going to start saying price gouging of a you know, right? But that's not price gouging. If you have a you know, go to Florida. We have a hurricane. Where we live in Florida and New York, we have a hurricane. All of a sudden the shelves are empty and there's no goods around, because everybody's been stocking up getting ready for the storm. And then all of a sudden, the politicians are yelling that somebody's price gouging, because they raised their prices in a market that was in disequilibrium. Well, that's not price gouging. That's supply and demand trying to find a new balance basic economics. You know, when the demand is 100 and the supply is 35 okay, but I'm kind of getting ahead here, but I think there's very good likelihood that there's going to be a human cry right before, you know, maybe in the fall or right before Christmas, about price gouging and Trump then saying, Well, I was elected to bring prices down and bring inflation under control. It's out of control because all of these foreigners raised their prices. And no, they did, and it was the tariff that did it, and all the people in the supply chain are trying to take advantage of the temporary disruptions. So I think people have to understand, and I can't say this, and I don't like to say it, because I certainly didn't think the other candidate in the last election had anything to offer in terms of dealing with our serious economic problems in this country. I'm talking about Harris. But the fact is, Donald Trump has had a wrong idea for the last 40 to 50 years of his adult life. In that core idea is that trade deficits are a sign of the other side cheating. They're a sign that you're being exploited or taken advantage of or ripped off, or it's not at all okay. Trade deficits are a consequence of cost differences between different jurisdictions, and to the extent that we've artificially, unnecessarily inflated our costs. We need to fix the problem at the source. He ought to clean house at the Federal Reserve. But the problem is, Trump wants lower interest rates when, in fact, the low interest rates created all the inflation that led to our loss of competitiveness and the huge trade deficits we have today. So to summarize, it is important to understand, do not have faith in Trump's promise that we're going to have a golden age of economic prosperity. We are going to have a economic disaster, and it's a unforced error. It's self inflicted, and it's the result of the wrong fundamental idea of one guy who's in the oval office right now throwing his considerable weight around and pushing the economy into upheaval that really is totally unnecessary. He should have done what he was elected to do, and Matt's work on getting production up and costs down, that's not going to be solved with tariffs. David, I have another important point to bring up. But before we do just quickly, are those two to 4% tariffs you mentioned earlier. Those are the tariff levels pre Trump second term correct.    We could clarify that those are for the year 2023 that was the latest full year data that we have with great deal of granularity.    Keith Weinhold  29:56   The point I want to bring up is there any history? That tariffs actually work. Some people cite the Smoot Hawley Tariff Act from the 1930s and that it drove us deeper into the Great Depression. And David, on the one hand, when we think about, do tariffs actually work? If Indonesia can make shoes for us for $11 why would we want to onshore an activity like that? That is a good deal for us. And then, on the other hand, you have someone like Nvidia, the world's leading semiconductor company, they announced plans to produce some of their AI supercomputers entirely on American soil for the first time recently. And you have some other companies that have made similar announcements. So that's a small shred of evidence that tariffs could work. But my question is, historically, do tariffs actually work?    David Stockman  30:44   That's a great question, and there's a huge history. And you can go back all the way the 19th century, where Donald Trump seems to be preoccupied, but what he fails to recognize is that they worked in the 19th century because they were revenue tariffs. It wasn't an effort to, like, bring jobs back to America. We were booming at the time. Jobs were coming to America, not leaving, and it was the federal government's main source of revenue. Because, as you know, prior to 1913 there was no income tax, right? So that was one thing. Okay, then when we got into the 20th century and host World War Two, it became obvious to people that the whole idea of comparative advantage, going all the way back to Adam Smith, and that enhanced a global trade where people could specialize in whatever their more competitive advantage is, was a Good thing. And so we had round after round of negotiations after World War Two that reduced tariff levels steadily, year by year, decade by decade. So by the time we got to the 1990s when China, then, you know, arose from the disaster of Mao and Mr. Dang took over and created all the export factories and said, It's glorious to be rich and all these things is we got red capitalism. But if we start in the 1990s the average tariff worldwide, now this is weighted average on all goods that are bought and sold or imported and exported, was about 9% and there were have been various free trade deals done since then. For instance, we had NAFTA, and the tariffs on Mexico and Canada and the United States went to zero. We had a free trade deal in 212 with South Korea. This never comes up, but the tariff on South Korean goods coming the US is zero. The tariff on us, exports going to South Korea is zero because we have a free trade agreement, and it's worked out pretty well with South Korea. Now we're not the only ones doing this. Countries all over the world. The EU is a total free trade zone in economy almost as big as the United States that used to have tariff levels between countries. Now it's one big free trade zone. So if you take the entire world economy, that 9% weighted average tariff of the early 90s, which was down from maybe 2025, 30, pre World War Two in this Smoot Hawley era, was down to 2.25% by the time that Donald Trump took office, the first time around in 2017 now 2.25% is really a rounding error. It's hardly when you have $33 trillion worth of goods moving around, you know, container ships and bulk carriers and so forth all around the world, and air freight and the rest of it, rail. 2% tariff is not any kind of big deal, as I say in some of the things I write, it's not a hill of beans. So somehow, though 45 years ago, Trump got the idea that tariffs were causing a problem and that we had trade deficits, not because our costs were going up owing to bad monetary policy, but because the other guy was cheating. Remember, this is Trump's whole view of the world. It's a zero sum game. I win, you lose, and if I'm not winning, is because you're cheating. Okay? In other words, I'm inherently going to win. America's inherently going to win unless the other guy is cheating. Now, Trump sees the world the same way that I think he looked at electrical and plumbing contractors in the Bronx, you know, in the 1980s and 1990s when he was developing his various Real Estate projects. These are pretty rough and tumble guys. It's a wild, easy way to make a living. So there's a lot of, you know, there's a lot of pretty rough baseball that's played that mentality that the other guy is always trying to screw me, the other guy's always cheating, the other guy's preventing me from winning, is, is his basic mentality. And it's not Applicable. It's not useful at all to try to understand the global economy. Try to understand why America's $29 trillion economy is not chugging along as strongly and as productively as it should be, why real wages are not making the gains that workers should be experiencing and so forth. So he ought to get out of this whole trade, tariff trade war thing, which he started, I don't know how he does, it's a little late, and focus on the problems on the home front. In other words, our trade problem has been caused by too much spending, too much borrowing, too much money printing on the banks of the Potomac. It's not basically caused in Beijing or Tokyo or Seoul or even Brussels, the European Union. And we need to get back to the basic and the real culprit, which is the Federal Reserve and its current chairman, Paul, if he wants to attack somebody, go after the Fed. Go after Paul. But ought to give them a mandate to bring inflation to zero and to stop fooling around with everything else and to stop monetizing the public debt that is buying government debt, take care of your own backyard first before you start taking, yeah, sure, yeah, exactly. You know, I've been in this for a long time. I start, as I said, I started on Capitol Hill. There have been a lot of protectionist politicians, but they always argued free trade is good, but it has to be fair trade. And you know, we have this example in our steel industry, for instance, where we producers abroad are competing unfairly for one reason or another. But the point I'm getting to is they always said this is an exceptional case. Normally we would go for free trade, but we got to have protection here. We got to have a temporary quota. Even when I was in the Reagan administration, we had a big argument about voluntary quotas on Japanese car exports, and I was totally against it. I thought the US industry needed to get its act together, get its costs down. Needed to get the UAW under control, because it had pushed wages, you know, way, way, way too high terms of total cost. But they argued, yeah, well, you're right, but we have to have 10 years in order to allow things to be improved and adjusted and catch up. So this is only temporary. This is just this. Yes, this is protectionism, but it's temporary. It's expedient that we can avoid and so therefore we'll make an exception. But there is no one, and most of these people were, you know, in the payroll of the unions, or they were congressmen from south to South Carolina going to bad for the textile industry, or congressman from Ohio going to bat for the steel industry, whatever, but there was no one who ever came along and said tariffs are big, beautiful things, and we need to have permanent high tariffs, because that's the way we're going to get prosperity back in United States. It's a dumb idea. It's wrong. It's disproven by history and people. Even though Trump has done a lot of things that I like you know, he's got rid of dei he's got rid of all of this green energy, climate crisis nonsense, all of that that he's done is to the good when you come to this basic question, how do we get prosperity in America? The answer is, through free market capitalism, by getting the government out of the way, by balancing the budget and by telling the Fed not to, you know, inflate the economy to the disadvantage that it has today. That's how you get there. And Trump is not a real Republican. Trump is basically what I call a status. He's for big government, right wing status. Okay, there's left wing, Marxist status, then there's right wing status. But you know, all of this tariff business is going to create so much corruption that it's almost impossible to imagine, because every day there's someone down there, right now, I can guarantee it at the, you know, treasury department or at Commerce department saying, but we got special circumstances here in terms of the parts that we're making for aircraft that get assembled in South Korea or something, and we need special relief. Yes, every industry you're doing is putting in for everybody's going to be there the lobby. This is the greatest dream that the Washington lobbyist community ever had. Trump is literally saying he put this reciprocal tariff. You saw the whole schedule. That he had on that easel in the White House on April 2, immigration day. It was called Liberation Day. I called it Demolition Derby Day. There was a reciprocal tariff for every single country in the world based on a phony formula that said, if we have $100 million deficit with somebody, half of that was caused by cheating. So we're going to put a tariff in place closes half of the difference. I mean, just nonsense, Schoolboy idiocy. Now it is. I mean, I know everybody said, Oh, isn't it great? We've finally got rid of the bad guys, Biden, he's terrible, and the Democrats, I agree with all that, but we replaced one set of numb skulls with another set. Unfortunately, Republicans know better, but they're so intimidated, apparently buffaloed by Trump at the moment, that they're going along with this. But they know you don't put 145%tariff on anything. I mean, it's just nuts. David, I feel like you're telling us what you really think and absolutely love that.    Keith Weinhold  41:04   Interestingly, there is a Ronald Reagan clip about tariffs out there in a speech that he gave from Camp David, and it's something that's really had new life lately. In fact, we played the audio of that clip before you came onto the show today, Reagan said that he didn't like tariffs and that they hurt every American worker and consumer as Reagan's economic advisor in the White House. Did you advise him on that?    David Stockman  41:27   Yes, I did. And also I can give you a little anecdote that I think people will find interesting. Yeah, the one time that he deviated in a big way from his free trade commitments was when he put the voluntary export quota on the Japanese auto industry. That was big. I don't remember the exact number, but I think it said they couldn't export more than 1.2 million cars a year, or something like that the United States. And the number was supposed to adjust over time, but we had huge debates in the Cabinet Room about those things, and at the end of the day, here's what he said. He said, You know, I've always been for open trade, free trade. I've always felt it has to be fair trade. But, you know, in this case, the Japanese industry came to us and asked for voluntary quotas, so I didn't put up a trade barrier. I'm only accommodating their request. Well, the Japanese did come to him and ask. They did, but only when they were put up to it by the protectionists in the Reagan administration who, on this took them on the side, you know, their negotiators and maybe their foreign minister. I can't remember exactly who commerce secretary and said, If you don't ask for voluntary quotas, we're going to unleash Capitol Hill and you're going to get a real nasty wall put up against your car. So what will it be? Do you want to front for voluntary quotas? Are we going to unleash Congress? So they came to Reagan and said they were the Japanese industry said they're recommending that he impose voluntary restraints on auto exports. That was just a ruse. He wasn't naive, but he believed what you told him. He believed that everybody was honest like he was, and so he didn't understand that the Japanese industry that was brought to meet with him in the Oval Office had been put up to, it been threatened with, you know, something far worse, mandatory quote is imposed by Congress. But anyway, it's a little anecdote. What happened? On the other hand, he continued to articulate the case for small government sound money. We had deficit problems, but he always wanted a balanced budget. It was just hard to get there politically. And he believed that capitalism produces prosperity if you let capitalism work and keep the government out of the marketplace. And there is no bigger form of intervention and meddling and disruption in the capitalist system, in the free market, in the marketplace, than quotas on every product in every country at different levels. They're going to have 150 different countries negotiating bilaterally deals with the United States. That's the first thing that's ridiculous. They can't happen. The second thing is they're going to come up with deals that don't amount to a hill of beans, but they'll say, we have a deal. The White House will claim victory. Let me just give one example. As we know, one of the big things that Trump did in the first administration was he renegotiated NAFTA. And NAFTA was the free trade agreement between Mexico, Canada, United States. Before he started in 2017 the trade deficit of the US with Mexico and Canada combined with 65 billion. And he said, That's too big, and we got to fix NAFTA. We have got to rebalance the provisions so that the US comes out, not on the short end of the stick 65 billion. So they negotiated for about a year and a half, they announced a new deal, which he then renamed the United States, Mexico, Canada agreement, usmca, and, you know, made a big noise about it, but it was the same deal with the new name. They didn't change more than 2% of the underlying machinery and structure, semantics. Well now, so now we fast forward to 2024 so the usmca Trump's pride and joy, his the kind of deal that he says he's going to seek with every country in the world is now four years into effect. And what is the trade deficit with Canada and Mexico today, it's 230 5 billion okay? It's four times higher now than it was then when he put it in place. Why? Because we have a huge trade deficit with Mexico. Why because, you know, average wages there are less than $10 an hour, and they're $40 an hour here. That's why it has nothing to do with a bad trade deal. It has to do with cost differences.    Keith Weinhold  46:27   David, this has been great, and as we're winding down here, we have a lot of real estate investor listeners tell us what this administration's overall policies, not just tariffs, but overall policies, mean for future employment, and then tell us about your highly regarded contra corner newsletter.    David Stockman  46:45   Well, those are that's a big question. I think it doesn't mean good, because if they were really trying to get America back on track our economy, they would be fighting inflation tooth and nail to get it down to zero. They would be working day and night to implement what Musk came up with in the doge that is big spending cuts and balancing the budget. They're not doing that. They're letting all these announcements being made, but they're not actually cutting any spending. They would not be attempting to impose this huge apparatus of tariffs on the US economy, but they're not doing that. So I'm not confident we were going in the wrong direction under Biden, for sure, and we're going in an even worse direction right now under Trump. So that's the first thing. The second thing is, I put out a daily newsletter called David stockman's Country corner. You can yes signers on the internet, but this is what we write about every day, and I say A plague on both their houses, the Democrats, the Republicans. They're all, in many ways, just trying to justify government meddling, government spending, government borrowing, government money printing, when we would do a lot better if we went in the opposite direction, sound money, balanced budgets, free markets and so forth, so. And in the process, I'm not partisan. You know, I was a Republican congressman. I was a budget director of the Reagan administration. I have been more on the Republican side, obviously, over my career than the Democrats, but now I realize that both parties are part of the problem, and I call it the uni party when push comes to shove, the uni party has basically been for a lot of wars abroad and a lot of debt at home, and a lot of meddling in the economy That was unnecessary. So if you look at what I write every day, it tries to help people see through the pretenses and the errors of the unit party, Democrats and Republicans. And in the present time, I have to focus on Trump, because Trump is making all the noise.    Keith Weinhold  48:59   100% Yes, it sure has kept life and the news cycle exciting, whether someone likes that news or not. Well, David, this has been great. In fact, it sounds a lot like what Reagan might have told me, perhaps because you were a chief economic informant for him, smaller government, letting the free trade flow and lower inflation. Be sure to check out David stockman's contra corner newsletter if you like what we've been talking about today, just like it was last year, David, it's been a real pleasure having you on GRE today.    David Stockman  49:30   Well, thank you very much. And these are important issues, and we've got to stay on top of them.   Keith Weinhold  49:41   Oh, yeah. Well, David Stockman truly no mincing words. He doesn't like tariffs. In summary, telling GRE listeners that the problem with trade imbalances is inflation attack that instead quell inflation, don't impose tariffs. A lot of developing nations and China have distinct advantages over manufacturing in the United States, besides having the trained labor and all the factories and systems in place, think about how many of these nations have built in lower costs they don't have to deal with these regulatory agencies, no EPA, no OSHA, and not even a minimum wage law to have to comply with. And here in the US get this, 80% of American workers agree that the US would benefit from more manufacturing jobs, but almost 75% disagree that they would personally be better off working in a factory themselves. That's according to a joint Cato Institute in YouGov survey. It's sort of like how last century, Americans lamented the demise of the family farm, yeah, but yet, they sure didn't want to work on a farm themselves. Now there are some types of manufacturing, like perhaps pharmaceuticals or computer chips that could likely be onshore, because those items are high value items. Their value can exceed the cost of being produced in the USA, but a lot of these factory goods, not again. If these topics interest you do a search for David stockman's contra corner, or you can directly visit David stockman's contra corner.com. Big thanks to the father of Reaganomics, David Stockman on the show this week. As for next week, we're back more toward the center of real estate investing. Until then, I'm your host. Keith Weinhold, don't quit your Daydream. Y   Unknown Speaker  51:42   nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC   Keith Weinhold  52:02   You know, whenever you want the best written real estate and finance info, oh, geez, today's experience limits your free articles access and it's got paywalls and pop ups and push notifications and cookies disclaimers, it's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long. My letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video. Course, it's all completely free. It's called The Don't quit your Daydream. Letter, it wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text GRE to 66866, while it's on your mind, take a moment to do it right now. Text GRE to 66866   The preceding program was brought to you by your home for wealth, building, getricheducation.com.  

P.M. Edition for May 9. In a social-media post, President Trump said lowering tariffs on Chinese goods to 80% “seems right.” Meanwhile, Beijing moved to enforce restrictions on exports of rare-earth metals before this weekend's talks in Switzerland. But when it comes to the future of electric motors, that might not matter; WSJ tech columnist Christopher Mims tells us about one startup that's using iron and steel instead. Plus, Newark Liberty International Airport suffers its second tech outage in two weeks. Victoria Craig hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

PRC: BEIJING COMES TO THE TABLE. #SCALAREPORT: CHRIS RIEGEL CEO, SCALA.COM @STRATACACHE.  MAY1951, US OFFICER TORTURED MURDERED BY RED ARMY, KOREA.

Newt discusses the potential crises between China and Taiwan with Dr. Weifeng Zhong, a senior advisor at the America First Policy Institute and an affiliate scholar at the Mercatus Center. Dr. Zhong leads the open-source Policy Change Index project, which uses AI and machine learning to analyze propaganda texts and predict government actions. Their conversation explores the Chinese Communist Party's attitude towards Taiwan, the role of propaganda in shaping public sentiment, and the implications of China's domestic challenges on its foreign policy. Dr. Zhong highlights the importance of monitoring changes in propaganda to understand Beijing's intentions and discusses the potential impact of economic weakness on China's approach to Taiwan. They also discuss the use of AI in analyzing North Korean propaganda and the broader implications of Chinese technology in global surveillance. Dr. Zhong's insights provide a nuanced understanding of the geopolitical dynamics in the Taiwan Strait and the role of AI in predicting potential conflicts.See omnystudio.com/listener for privacy information.