Tag: Economy

Join Jim and Greg as they discuss the gut-wrenching loss of another 6.6 million jobs over the past week but also note an economic silver lining. They also react to Dr. Fauci suggesting people permanently stop shaking hands and then muse about what should replace it. And they lose their appetites as they discuss another way China is a breeding ground for illnesses.

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Recommended by Ricochet Members Created with Sketch. Coronavirus and the Experts: Which Will Cause More Harm?

 

Experts – can’t live with ‘em, can’t live without ‘em! We need their expertise, but one expert will tell you one thing while another tells you the opposite. Sometimes the same expert will tell you opposite things at two different times. What the…?!

Take President Fauci – er, I mean, Dr. Fauci – for instance. That would be President Trump’s head honcho bigwig infectious disease doctor advising him on all things coronavirus. On January 26, this medical “expert” said during an interview on a radio program that, pertaining to the coronavirus, “It’s a very, very low risk to the United States.” That was his “expert” opinion at the time. Funny thing is, the last time I checked, the United States is now closed for business, lights out, curtains drawn, shut down until further notice. Presumably, either Dr. Fauci or some other equally brilliant “expert” will let us all know when it’s safe to go back to normal again – if indeed anything will ever be normal again.

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The good news is that the worst is likely to be past, nationally, in seven to ten days. The IHME model has been doing a pretty good job of forecasting deaths and resource usage. An update over the weekend has both brought down the count of anticipated deaths nationally, and greatly lowered both the deaths […]

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The coronavirus crisis has gotten to the point where Jim Geraghty is saying nice things about the New England Patriots and owner Robert Kraft after Kraft dispatched the team plane to China to pick up 1.2 million N95 masks. Jim and Greg also tackle the brutal loss of 6.6 million more jobs in the past week and wonder how soon we’ll have no choice but to reopen various sectors or regions of our economy. And they throw their hands up as Georgia GOP Gov. Brian Kemp says he only realized this week that COVID-19 could be spread by people before they start feeling sick.

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Jim and Greg shudder as 3.28 million Americans lost their jobs last week. They also recoil at an alleged plot to bomb a hospital full of COVID-19 patients. But they cheer the U.S. lowering the boom on Venezuelan dictator Nicholas Maduro.

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It’s all crazy news on Tuesday’s Three Martini Lunch! Join Jim and Greg as they catalogue the irrelevant and expensive Democratic Party wish list that House Speaker Nancy Pelosi wanted to promote while holding up vital coronavirus relief for families and businesses and how Pelosi wrongly assumed the media would cover for her. They also roll their eyes as multiple media outlets try to blame President Trump for the death of one man and the illness of the man’s wife after they consumed fish tank cleaner because it contained chloroquine. And they react to Liberty University welcoming students and faculty back to campus while the rest of Virginia and the nation increasingly shut down.

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Recommended by Ricochet Members Created with Sketch. Panicky Grocery Shoppers Rediscover Canned Foods – That’s Good!

 

Rich Zeoli is a popular morning radio talk show host in Philadelphia. On Saturday morning, he tweeted out a photo of nearly empty canned soup shelves at his southern New Jersey grocery store. It was something I thought I’d never see again – depleted soup shelves.

Amidst the fears that were spread this week about Coronavirus (COVID-19), including governments shutting down schools, public parks, and demands for the closure of “non-essential” businesses – even state-owned liquor stores here in Pennsylvania — Americans flooded neighborhood retail food shops to stockpile whatever would fit in their grocery carts. The dusty, sometimes-forgotten “center store,” where the shelf-stable “processed” foods have sometimes languished was rediscovered.

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Contributor Post Created with Sketch. Recommended by Ricochet Members Created with Sketch. President Trump’s Efforts to Protect American Workers from Coronavirus [Update 11 March]

 

President Trump made a preparatory announcement Monday evening that he would have a major address tomorrow on dramatic steps to support hourly wage earners, to ensure no one will have to choose between earning food and rent versus practicing good public health by staying home if they start to get sick. This, and the rest of the presentation led by Vice President Pence, conveyed seriousness and competence.

We were reminded again that young, healthy people are at greater risk of death by flu than coronavirus. AND. Young people need to be good family and friends, protecting their vulnerable elders by proper basic public health discipline. The task force promised clear, simple, specific written guidance for every American.

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We are in new territory. Three days ago, we had 300+ infected with Coronavirus. Today, we are well over 500 infected that we know about. Clorox wipes, hand sanitizer, and face masks of any kind are long gone from local stores. A recent trip to Dollar General had dwindling supplies of toilet paper and bleach. […]

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The Democrats debated in Las Vegas last night and they put on quite the show. Join Jim and Greg as they walk through the major dust-ups between Bloomberg and Warren, Bloomberg and Sanders, and Klobuchar and Buttigieg and try to figure out what the impact will be on the race for the nomination. They’re also thrilled to see a new poll from Gallup showing Americans with the highest satisfaction in the state of the U.S. since 2005 and lopsided numbers of citizens optimistic about the economy and where it is headed. And they go back to the debate to focus on NBC’s Chuck Todd asking Michael Bloomberg whether billionaires should exist.

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Contributor Post Created with Sketch. Recommended by Ricochet Members Created with Sketch. The Secret About Secrets: National Security Scams

 

Decades ago, Daniel Patrick Moynihan wrote Secrecy: The American Experience about the high cost in real security of the routine abuse of classification systems for the real end of organizational prestige and keeping agency analysis out of critical review and oversight. President Trump just blew the whistle and threw a flag on a similar game being run by government agencies, claiming all manner of advanced American technology must be labeled “national security” sensitive and strictly restricted in export. President Trump points out that this actually puts our businesses and workers at a disadvantage, giving up markets to foreign competitors who can produce their own advanced products.

President Trump primed the pump with a tweet, than elaborated in one of his nearly daily press conferences, walking to or from Air Force One or Marine One. Here is the relevant excerpt, of remarks by President Trump, followed by the video:

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Wrap up this crazy, eventful week with the Friday Three Martini Lunch. Jim and Greg start with a quick cheer for the January jobs report before moving on to the three main discussions of the day. First, they get a kick out of Hawaii Sen. Mazie Hirono telling CNN’s Wolf Blitzer that President Trump wasn’t really acquitted and Blitzer pointing out in detail that, in fact, Trump really was found not guilty. They also celebrate the intelligence and military precision that combined to target and kill Qassim al-Rimi, the leader of Al Qaeda in the Arabian Peninsula. And Jim unleashes a devastating rant against now former Republican presidential candidate Joe Walsh, who has now flip-flopped to the point where he vows to vote for whoever wins the Democratic nomination, even if it’s an avowed socialist.

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State of the Union, Pelosi ripping up the speech, the Senate impeachment vote, and the ongoing incompetence of Iowa Democrats. We’ve got it all for you today on Wednesday’s Three Martini Lunch. Join Jim and Greg as they applaud the amazing number of record-low unemployment statistics cited by President Trump in his State of the Union address Tuesday night. They’re also big fans of conservative policy ideas espoused in the speech and note the impressive guests Trump invited and highlighted in his address. In contrast, they also assess House Speaker Nancy Pelosi ripping up her copy of the speech right after Trump finished and what is says about Democrats nine months before Election Day. Finally, they have plenty more to say as Iowa Democrats release more than two-thirds of the caucus results but aren’t sure when or if the rest of the votes will be announced.

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It’s finally Friday of a very busy week! Jim and Greg have plenty to say about a member of the House Democratic leadership admitting to CNN that the Democrats may never send the articles of impeachment to the U.S. Senate unless Mitch McConnell agrees to the demands of Democrats for how the trial of President Trump ought to be structured. They also hammer Joe Biden, who admitted that he’s willing to kill thousands – possibly hundreds of thousands of jobs in the energy sector – because he’s supremely confident the green economy will offer just as many opportunities for great jobs. And they are the glad the holidays are right around the corner as Thursday’s Democratic presidential debate descends into discussions of wine caves and selfies.

Starting Monday, Jim and Greg will begin their six-episode Three Martini Lunch Awards for 2019. They each hand out 18 awards in categories ranging from overrated and underrated political figures to rising and fading political figures to the best and worst political ideas of the year, eventually working up to their choices for person of the year. Enjoy these special episodes and let us know what you think of our choices and share who you would choose!

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We send you into the weekend with two good and martinis and a crazy one! Join Jim and Greg as they cheer another jobs report that beats expectations. They also get a kick out of reports that no minds have changed in the House after the impeachment hearings, and while impeachment is still very likely, we’re still looking at a couple of Democrats voting against it and no Republicans voting for it. And a former Obama deputy solicitor general says if Trump is not removed by the Senate, Democrats should plan to impeach Trump again if he is re-elected.

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Back to the normal format today, but plenty of good Friday fodder awaits. Today, Jim and Greg are happy to see better-than-expected numbers in the October jobs report. They shred Elizabeth Warren’s ludicrous plan to pay for government-run health care, explaining why it’s a fiscal pipe dream and a health policy nightmare for everyone. And they roll their eyes as Katie Hill and all of her liberal and media apologists ignore the actual reason she is resigning from Congress today.

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Stian Westlake joins City Journal editor Brian Anderson to discuss the future of productivity and how institutions and policymakers can adapt to the new “intangible” economy.

Throughout history, as documented in the book Capitalism Without Capital by Westlake and coauthor Jonathan Haskel, firms have invested in physical goods like machines and computers. As society has grown richer, companies have invested increasingly in “intangible” assets: research and development, branding, organizational development, and software. Today’s challenge is to build the institutions and enact the policies that will maximize the new economy’s potential.

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Jim Geraghty of National Review and guest host Greg Knapp discuss the recent jobs report and the impact on Trump’s reelection chances. They debate the David Brooks’ op-ed in The New York Times arguing Marianne Williamson has the best chance of defeating Trump. And they react to Michael Moore’s plea for Michelle Obama to enter the Democratic primary.

(Gregory Knapp is a Speaker, Coach, and Talk Show Host. You can learn more about him and get a free gift at gregorybknapp.com. His podcast, Find Your Purpose-Live Your Passion is available on Apple Podcasts/iTunes.)

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Contributor Post Created with Sketch. Recommended by Ricochet Members Created with Sketch. Red Hot Stocks!

 

Stocks are red hot…and so are other investments, resulting in these headlines:

The Best First Half for Financial Markets Ever — U.S. News and World Report, 28 June 2019

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Contributor Post Created with Sketch. Recommended by Ricochet Members Created with Sketch. Member Post

 

Andrew McCarthy is wrong this time. He calls not only for a policy of regime change but also for President Trump to call for “regime change” in Iran. McCarthy should pay closer attention to the history of American presidents talking up “liberation” or regime change. Consider both President Eisenhower and President George H.W. Bush, and […]

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